Intraday Seasonal Indicator

• 03/29/2020 at 12:18 PM #123794
  Ivan Donatiello

  Hello everyone, it’s been a while since I haven’t written here but today I have to propose something that could be useful for everyone.

  I want to make an indicator that says hourly intraday seasonality, throughout the week. Like Larry Williams’, I attach the image.

  Do you believe it is possible to create something like this?

  

  Ivan Donatiello

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  03/29/2020 at 12:51 PM #123799
  Vonasi

  This is only really a practical proposition in v11 where we now have arrays. It could be done in v10.3 but would involve an awful lot of repetitive coding and would be quite slow to draw I believe.

  At the moment I only have end of day data in v11 so I can’t help with anything on hourly charts on there at the moment and I’m not sure that I want to get involved in a massively repetitive v10.3 code right now!

   

  

  Vonasi

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  03/29/2020 at 1:08 PM #123802
  Vonasi

  Here is an example of how it could be done in v10.3. I’ll let you fill in the remaining 1160 odd lines of code and then error check it! It would just be a few lines of code in v11 with arrays.

  defparam drawonlastbaronly = true if openhour = 1 and opendayofweek = 1 then h1d1 = h1d1 + (close - open) h1d1count = h1d1count + 1 h1d1avg = h1d1/h1d1count endif if openhour = 2 and opendayofweek = 1 then h2d1 = h2d1 + (close - open) h2d1count = h2d1count + 1 h2d1avg = h2d1/h2d1count endif //...and repeat another 166 times drawsegment(barindex-169,0,barindex-168,0+h1d1avg) lastvalue = 0+h1d1avg drawsegment(barindex-168,lastvalue,barindex-167,lastvalue+h2d1avg) lastvalue = lastvalue+h2d1avg drawsegment(barindex-167,lastvalue,barindex-166,lastvalue+h3d1avg) lastvalue = lastvalue+h3d1avg //....and repeat another 165 times return

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  defparam drawonlastbaronly = true   if openhour = 1 and opendayofweek = 1 then h1d1 = h1d1 + (close - open) h1d1count = h1d1count + 1 h1d1avg = h1d1/h1d1count endif   if openhour = 2 and opendayofweek = 1 then h2d1 = h2d1 + (close - open) h2d1count = h2d1count + 1 h2d1avg = h2d1/h2d1count endif   //...and repeat another 166 times   drawsegment(barindex-169,0,barindex-168,0+h1d1avg) lastvalue = 0+h1d1avg drawsegment(barindex-168,lastvalue,barindex-167,lastvalue+h2d1avg) lastvalue = lastvalue+h2d1avg drawsegment(barindex-167,lastvalue,barindex-166,lastvalue+h3d1avg) lastvalue = lastvalue+h3d1avg   //....and repeat another 165 times   return

   

  

  Vonasi

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  03/29/2020 at 4:05 PM #123821
  Vonasi

  Just to let you know that I got a bit bored so I have started working on the indicator. I have got it working and debugged on the first two days of the week (image attached) and so now it should be a simple find and replace exercise to complete the code and then add some labelling to the axis. I’ve got to do something else now so I will try to complete it later or tomorrow.

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  JohnScher

  

  Vonasi

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  03/29/2020 at 9:04 PM #123845
  Ivan Donatiello

  If you really can do it you’re the best 🙂

  

  Ivan Donatiello

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  03/29/2020 at 9:17 PM #123852
  JohnScher

  Thank you very much.
  I would find the indicator very helpful. Finally, there are some things I could try out.
  I’ll keep looking for it.

  

  JohnScher

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  03/29/2020 at 9:33 PM #123853
  Vonasi

  I found time to finish it.  It works on v10.3 but is slow to calculate so be patient!

  Just an ITF file attached as the code is 2405 lines long so I did not want to post the code.

  You can set a start date if you want to only analyse more recent data. Set it to zero to analyse all data.

  Apply it on the 1 hour chart only.

  Feedback welcome before I submit it to the library.

   

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  Bel

  

  Vonasi

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  03/29/2020 at 9:49 PM #123856
  Ivan Donatiello

  Sorry Vonasi, with what program can I open the itf file?

  

  Ivan Donatiello

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  03/29/2020 at 10:03 PM #123857
  Vonasi

  Save it on your hard drive and then import it into your PRT platform via the indicator window.

  

  Vonasi

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  08/28/2021 at 6:04 AM #176395
  JohnScher

  Hello again, vonasi.

  I am fan of this work here with the seasonal curve of the week. I use it a lot. Some small programs I have written based on this curve.

  Further up in the thread you wrote “Here is an example of how it could be done in v10.3. I’ll let you fill in the remaining 1160 odd lines of code and then check for errors! It would be just a few lines of code in v11 with arrays.”

  I was going to ask you, ask if you could write the few lines in v11. That way we would have a match to see if the curve from v10.3 matches the curve from v11.

  Could you do that for us?

  

  JohnScher

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  09/03/2021 at 9:48 AM #176716
  Vonasi

  Sorry JohnScher but I’m having some time off from coding and moderating at the moment.

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  JohnScher

  

  Vonasi

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  09/05/2021 at 6:29 AM #176797
  JohnScher

  Thank you for the feedback.

  

  JohnScher

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