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Price Trends

grimweasel47 · 2018-03-08T09:48:52+00:00

Hello, Is there a neat piece of code that defines trend by means of price bars making higher highs and higher lows? In my trend breakout system which starts at ‘x’ hour I want PRT to check that the high at this time is the highest of the recent ‘n’ bars. So for example if my breakout system starts at 0800 I want PRT to check that if trend conditions are met, that it only initiates trade if the high is the highest high of the day since midnight. I had been using the code below but I think this could be wrong. //set trend using highs and lows Trend1= highest[1](high) Trend2= highest[8](high) Trend3 = trend1-trend2 /// Trend4= lowest[1](low) Trend5= lowest[8](low) Trend6 = trend4-trend5 Trend3 >0 Trend6 >-1 Rather than use EMAs I want price to define the trend, so is there also a way of saying only trade if price (on H1 for example) is making higher swing highs and higher swing lows (and vice versa for shorts)? Many thanks.

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Price Trends

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03/08/2018 at 10:48 AM #64760 quote
grimweasel47
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Hello,

Is there a neat piece of code that defines trend by means of price bars making higher highs and higher lows?

In my trend breakout system which starts at ‘x’ hour I want PRT to check that the high at this time is the highest of the recent ‘n’ bars. So for example if my breakout system starts at 0800 I want PRT to check that if trend conditions are met, that it only initiates trade if the high is the highest high of the day since midnight. I had been using the code below but I think this could be wrong.
```
//set trend using highs and lows
Trend1= highest[1](high)
Trend2= highest[8](high)
Trend3 = trend1-trend2
///
Trend4= lowest[1](low)
Trend5= lowest[8](low)
Trend6 = trend4-trend5

Trend3 >0
Trend6 >-1
```
Rather than use EMAs I want price to define the trend, so is there also a way of saying only trade if price (on H1 for example) is making higher swing highs and higher swing lows (and vice versa for shorts)?

Many thanks.
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Price Trends

ProOrder: Automated Strategies & Backtesting

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Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/08/2018
Status:	Active
Attachments:	No files

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Price Trends

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Price Trends ProOrder: Automated Strategies & Backtesting

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Price Trends

ProOrder: Automated Strategies & Backtesting