Monthly (close-open), monthly timeframe

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • 12/07/2021 at 11:32 AM #182929 quote
    briac
    Participant
    Junior

    Hi , i am trying to do and indicator that returns me the summatory of the value (close-open) for the last 10 month but for each month separately, i mean: the last 10 januaries, the last 10 februaries, …..

    that is what i did,But it doesn´t work, i don´t know why

    Retorno = close[0]-open[0]

for i=0 to 10 do
Retorno = (close[i+12]-open[i+12]) + Retorno
next

Return Retorno

    Thank you very much

    12/07/2021 at 1:10 PM #182934 quote
    JC_Bywan
    Moderator
    Master

    Hi, it’s because in the loop, with i+12 instead of i*12 you’re adding all the consecutive months before the one 12 ago instead of “jumping” every 12 months + with 0 to 10 you’re adding that 11 times instead of 9 times to first one to make a total of 10 + you’re counting current candle’s retorno several times inside the loop.

    Let’s try with this one to display on a monthly timeframe each month the sum of same-name 10 months as current month + previous same-name 9 one’s

    x=close[0]-open[0]
y=0
Retorno=0

if barindex>120 then// wanting at least 10 times 12 months in history

 for i=1 to 9 do
  y = x[i*12] + y // y intermediate calculation of the 9 times before (close-open)
 next

 Retorno= y+x// adding y to current close-open

endif

return Retorno as "Retorno",0
    12/07/2021 at 3:57 PM #182953 quote
    briac
    Participant
    Junior

    Now is perfect, thank you very much, my idea was the following

    x=(close[0]*100/open[0])-100 // (close-open)%
y=0
Retorno=0
 
if barindex>120 then
 
for i=1 to 9 do
y = x[i*12] + y // y intermediate calculation of the 9 times before (close-open)
next
 
Retorno= y+x// adding y to current close-open
 
endif

RetornoMedio = Retorno/10 //average
 
return RetornoMedio ,0

    An indicator that returns the average of (close-open)% of the last 10 months (for each month) to do seasonality studies for stocks.

    Thanks again

    JC_Bywan thanked this post
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Monthly (close-open), monthly timeframe


ProBuilder: Indicators & Custom Tools

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briac @briac Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by briac
4 years, 2 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 12/07/2021
Status: Active
Attachments: No files
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