Open range screener

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Author

Posts

08/07/2020 at 10:33 AM #141053 quote

Participant

Veteran

found this simple code to detect open range at a certain time rang. Tried to use it as screener but i cant get the correct results. it would be prefferable to screen when a bar close over the hh or below ll range.

starttime = 070000
endtime = 100000
 
if intradaybarindex=0 then
hh = 0
ll = 0
endif
 
if time>=starttime and time<=endtime then
if high>hh then
hh = high
endif
if low<ll or ll=0 then
ll = low
endif
endif



XSignal= 0
IF close => hh THEN
XSignal = 1
ELSIF close =< ll THEN
XSignal = 2
ENDIF
//

SCREENER[XSignal](XSignal AS "1=↑,2=↓")

09/26/2020 at 9:51 AM #145439 quote

robertogozzi

Moderator

Legend

Maybe too many items returned, so I filtered them by volume, but it works fine

I also used this modified version as an indicator to be adde to the price chart (not below):

starttime = 070000
endtime   = 100000
if intradaybarindex=0 then
   hh = 0
   ll = 0
endif
if time>=starttime and time<=endtime then
   if high>hh then
      hh = high
   endif
   if low<ll or ll=0 then
      ll = low
   endif
endif
//XSignal= 0
//IF close => hh THEN
//XSignal = 1
//ELSIF close =< ll THEN
//XSignal = 2
//ENDIF
Return hh AS "High",LL AS "Low" //XSignal