Remove inside bars from calculations

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    Posts
  • 12/01/2022 at 4:03 PM #205130 quote
    blackwing
    Participant
    New

    Hi,

    Is there a way to remove all the inside bars, so that the code ignores them in its calculations? So for example I am looking for a directional bar down (Low> Low[1]) , (High < High[1]) ,relative to the previous bar that is not an  inside bar.

    I would still like to display all the bars as normal on the chart.

     

    Many thanks in advance.

    12/01/2022 at 4:25 PM #205131 quote
    blackwing
    Participant
    New

    Sorry I meant (low<Low[1]) and (High<High[1]).

    12/01/2022 at 5:14 PM #205133 quote
    robertogozzi
    Moderator
    Master

    Is this what you mean?

    InsideBAR = 0
IF (high <= high[1]) AND (low >= low[1]) THEN
   InsideBAR = 1
ENDIF
Signal = 0
IF Not InsideBAR THEN
   IF (low < low[1]) AND (high < high[1]) THEN
      Signal = 1
   ENDIF
ENDIF
RETURN Signal AS "My Pattern"
    blackwing thanked this post
    12/02/2022 at 2:56 PM #205184 quote
    blackwing
    Participant
    New

    Not quite. Unless I have misunderstood how to use your code.

    I am working on an indicator that requires inside bars (or multiple inside bars) to be ignored completely. The problem comes when a bar down comes after an inside bar but itself is an inside bar to a previous larger bar.

    I am looking to find a low bar relative to the previous bar that is not an inside bar. I thought if I removed all inside bars from the calculations then the (Low<Low[1]) and (High< High[1]) would work correctly based on the remaining bars.

    Pic attached

    12/04/2022 at 11:29 AM #205233 quote
    robertogozzi
    Moderator
    Master

    This modified version tracks an InsideBAR until any of its limits are broken, thus preventing signals from being returned:

    ONCE InsideBAR = 0
ONCE InsideHH  = 0
ONCE InsideLL  = 0
IF InsideBAR THEN
   IF (high > InsideHH) OR (low < InsideLL) THEN
      InsideBAR = 0
      InsideHH  = 0
      InsideLL  = 0
   ENDIF
ENDIF
IF ((high <= high[1]) AND (low >= low[1])) AND Not InsideBAR THEN
   InsideBAR = 1
   InsideHH  = high[1]
   InsideLL  = low[1]
ENDIF
Signal = 0
IF Not InsideBAR THEN
   IF (low < low[1]) AND (high < high[1]) THEN
      Signal = 1
   ENDIF
ENDIF
RETURN Signal AS "My Pattern"
    blackwing thanked this post
    12/05/2022 at 7:45 PM #205295 quote
    blackwing
    Participant
    New

    Yes that’s it.

    Thank you Roberto

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Remove inside bars from calculations


ProBuilder: Indicators & Custom Tools

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blackwing @blackwing1 Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by blackwing
3 years, 2 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 12/01/2022
Status: Active
Attachments: 2 files
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