No of times Price closed inside Initial balance

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  • 11/22/2024 at 12:34 PM #240648 quote
    oyinloyeaoyinloyea
    Participant
    Veteran

    Is it possible to create an indicator that will let me know the number of times price close inside initial balance for a particlar period of time (ie Year , Month)?

    11/22/2024 at 12:56 PM #240651 quote
    robertogozzirobertogozzi
    Moderator
    Legend

    What is an initial balance?

    oyinloyea thanked this post
    11/22/2024 at 5:12 PM #240665 quote
    oyinloyeaoyinloyea
    Participant
    Veteran

    Trading time between 8am and 9am. Thanks

    11/25/2024 at 7:32 AM #240709 quote
    robertogozzirobertogozzi
    Moderator
    Legend

    Say the price from 080000 to 090000, today, sits in the range 19000 – 19100, do you want to know how many times, in the past days,  months, years, that price range sat in that same time interval?

    oyinloyea thanked this post
    11/25/2024 at 9:56 AM #240710 quote
    oyinloyeaoyinloyea
    Participant
    Veteran

    Yess Please. Thanks

    11/25/2024 at 5:01 PM #240722 quote
    Iván GonzálezIván González
    Moderator
    Legend

    Hi, I don't know if this is useful for you. The indicator shows the number of candles in which the price has moved between 2 levels and at certain times. 

    starttime=080000
endtime=090000

minlevel=20000
maxlevel=21000

if opentime>=starttime and opentime<=endtime then
n=n+1
if close>=minlevel and close<=maxlevel then
m=m+1
endif
endif

return m
    oyinloyea thanked this post
    11/25/2024 at 7:14 PM #240734 quote
    robertogozzirobertogozzi
    Moderator
    Legend

    Try this one:

    DEFPARAM DrawOnLastBarOnly = true
ONCE FromDate = 20240901   //from Sep.  1st, 2024
ONCE ToDate   = 20241125   //to   Nov. 25th, 2024
//
ONCE FromTime = 080000     //from 8am  (candle opening at 8am)
ONCE ToTime   = 090000     //to   9am  (candle opening at 9am)
//
ONCE Tally    = 0
//
IF (OpenTime >= FromTime) AND (OpenTime <= ToTime) THEN
   IF (OpenTime = FromTime) OR ((OpenTime > FromTime) AND (OpenTime[1] < FromTime)) OR ((OpenTime > FromTime) AND (IntraDayBarIndex = 0)) THEN
      HH   = High
      LL   = low
      Flag = 0
   ENDIF
   HH = max(HH,high)
   LL = min(LL,low)
ENDIF
IF Flag  = 0 AND (OpenTime >= ToTime) THEN
   Flag  = 1
   Tally = 0
   FOR i = (BarIndex - 1) DownTo 0
      IF (OpenDate[i] >= FromDate) AND (OpenDate[i] <= ToDate) THEN
         IF (OpenTime[i] >= FromTime) AND (OpenTime[i] <= ToTime) THEN
            IF (OpenTime[i] = FromTime) OR ((OpenTime[i] > FromTime) AND (OpenTime[i + 1] < FromTime)) OR ((OpenTime[i] > FromTime) AND (IntraDayBarIndex[i] = 0)) THEN
               HHx   = High[i]
               LLx   = low[i]
               Flagx = 0
            ENDIF
            HHx = max(HHx,high[i])
            LLx = min(LLx,low[i])
         ENDIF
         IF Flagx = 0 AND (OpenTime[i] >= ToTime) THEN
            Flagx = 1
            IF (HHx <= HH) AND (LLx >= LL) THEN
               Tally = Tally + 1
            ENDIF
         ENDIF
      ENDIF
   NEXT
ENDIF
DrawText("#Tally# occurrences",BarIndex+10,high+range,Dialog,Bold,10) coloured("Green")
RETURN

    You can choose the DATE range (a few days, up to several years) and the TIME range.

    Iván González and oyinloyea thanked this post
    11/25/2024 at 7:18 PM #240736 quote
    robertogozzirobertogozzi
    Moderator
    Legend

    I am attaching the ITF file.

    Price-Range-indicator.itf
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No of times Price closed inside Initial balance


ProBuilder: Indicators & Custom Tools

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oyinloyea @oyinloyea Participant
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This topic contains 7 replies,
has 3 voices, and was last updated by robertogozzirobertogozzi
1 year, 10 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/22/2024
Status: Active
Attachments: 1 files
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