Remove inside bars from calculations

Viewing 6 posts - 1 through 6 (of 6 total)

Author

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

Legend
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

x.jpg
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

Screen-Shot-2022-12-02-at-13.48.17.png

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

Legend
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
Author

Posts