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

Bard · 2018-09-23T17:43:24+00:00

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.

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
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

FOMC-DAY.png
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
Author

Posts