Monthly Inside Bar Breakout Failure

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • 07/12/2020 at 7:04 AM #139045 quote
    revstrat
    Participant
    New

    I have been trying to code a monthly version of the inside bar breakout failure for a while but to no avail. Below is the code I use for Daily and Weekly.

    c1= high[1] < high[2]
 
c2= low[1] > low[2]
 
insidebar = c1 and c2
insidebarbreak = high[0]>high[1] or low[0]<low[1]
reversal = close[0]<high[1] and close[0]>low[1]

insidebarfailure = insidebar and insidebarbreak and reversal

screener[insidebarfailure]

    This is my attempt at the monthly

    ////CURRENT MONTH Open & Close////
If Month<>Month[1] then
MCOpen = Open[0]
endif

MCClose = Close[0]

////CURRENT MONTH High & Low////

//unsure and stuck here

////PREVIOUS MONTH Open & Close////
If Month<>Month[1] then
MCOpen = Open[1]
endif

MCClose = Close[1]

////PREVIOUS MONTH High & Low////
If Month<>Month[1] and barindex>20 then
MPHigh = Highest[BarIndex - lastMonthBarIndex](High)[1]
MPLow = Lowest[BarIndex - lastMonthBarIndex](Low)[1]
lastMonthBarIndex = BarIndex
ENDIF

    As you can see I am stuck trying to get this month’s or the current month’s High and Low. Any suggestions or tips? Thank you.

    07/12/2020 at 11:47 AM #139066 quote
    robertogozzi
    Moderator
    Master

    There you go:

    //MONTH OHLC //
//
If Month<>Month[1] then
   MCClose  = close[1]  //close of previous month
   MCOpen = CurOpen     //open of previous month
   CurOpen = open       //open of new month (current month)
   MPHigh = CurHigh     //previous monthly high
   MPlow   = CurLow     //previous monthly low
   CurHigh = high        //new monthly high
   CurLow  = low         //new monthly low
ENDIF
CurHigh = max(CurHigh,high) //update High
CurLow  = min(CurLow,low)   //update Low
  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.

Monthly Inside Bar Breakout Failure


ProScreener: Market Scanners & Detection

New Reply
Author
author-avatar
revstrat @revstrat Participant
Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 8 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 07/12/2020
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™