How Many Central Bankers Does it Take to Blow Up the Mkt? indicator FOMC days

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  • 09/23/2018 at 6:43 PM #81131 quote
    Bard
    Participant
    Master

    This indicator code will keep you out of trouble on Federal Reserve day announcements when volatility can go through the roof.

    There’s a number of times I’ve been trading forex and either missed or forgotten an FOMC day in the online calendars…
    I also avoid trading before the news/economic data announcements at 9.30am 1.30pm & 3.00pm.
    (Please confirm FOMC days here: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)

    //Avoid FOMC dates (with warning on day before because I can't quite figure out 
//how to code it on the actual day other than delay the dates by one day?)

FOMC = date=20180731 or date=20180925 or date=20180926 or date=20181107 or date=20181108 or date=20181218 or date=20181219
If FOMC then
HowManyCentralBankersDoesitTaketoBlowUptheMkt = 1
Else
HowManyCentralBankersDoesitTaketoBlowUptheMkt = 0
Endif

if HowManyCentralBankersDoesitTaketoBlowUptheMkt then
drawtext("●",barindex,FOMC,Dialog,Bold,16) coloured(255,0,0)
endif

return HowManyCentralBankersDoesitTaketoBlowUptheMkt as "Take Cover it's an FOMC Day!"

    Please feel free to rename the indicator. Lol.

    Leo thanked this post
    10/23/2018 at 10:57 PM #83419 quote
    Bard
    Participant
    Master

    How to code it on the actual day other than delay the dates by one day?

    Use opendate not date.

    10/24/2018 at 7:59 AM #83428 quote
    Vonasi
    Moderator
    Master

    I’ve moved this post to the ProBuilder forum as that is a more relevant place for it.

    The best way to see the difference between DATE and OPENDATE is to graph or write an indicator for them:

    return opendate as "opendate", date as "date"

    DATE is the date at the close of a candle and OPENDATE is the date at the open of a candle.

    Bard thanked this post
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How Many Central Bankers Does it Take to Blow Up the Mkt? indicator FOMC days


ProBuilder: Indicators & Custom Tools

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Author
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Bard @brad Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by Vonasi
7 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 09/23/2018
Status: Active
Attachments: 1 files
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