Detecting a RANGE

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07/08/2016 at 6:05 PM #10324 quote

robertogozzi
Moderator

Legend

I am trying to figure out how to write a piece of code to detect whether the last, say, 50 bars were in a range of less than 20 pips. In this case I would not enter any trade even if conditions are met.

I wrote:

IF range[50] < 20 THEN

……

ENDIF

But it seems not to work.

Can anyone help me? Thank you.

07/09/2016 at 9:07 AM #10338 quote
Nicolas
Keymaster

Legend
What you need here is to determine the highest high and the lowest low of the last 50 bars, then test if their difference is more or less 20 pips.
```
hh = highest[50](high)
ll = lowest[50](low)

test = (hh-ll)<20*pipsize
```
07/09/2016 at 12:00 PM #10348 quote

robertogozzi
Moderator

Legend

Thank you very much Nicolas, that’s exactly what I wanted.

So what does RANGE[50] do?

Thanks.

07/09/2016 at 2:21 PM #10365 quote

Nicolas
Keymaster

Legend

Range returns the range of the selected bar only.
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Detecting a RANGE

ProOrder: Automated Strategies & Backtesting

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robertogozzi @robertogozzi Moderator

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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
10 years, 2 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	07/08/2016
Status:	Active
Attachments:	No files

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