session high low indicator

This topic has 25 replies, 10 voices, and was last updated 3 years ago by Horizon_Edge.

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06/28/2016 at 2:51 AM #9936

saigp79

Hi,

I’m trying to build or find an indicator that will allow high and lows to be indicated within a specific time frame.

I have attached 2 images of examples I have with my MT4 platform but its inconvinent for me as I have to have 2 platforms open one for setup and another for trading. I would rather have everything on the one platform.

The sessions are as follows

0600-1000

1200-1500

1600-1800

2100-0500

If this can be done and its not too much trouble to do I would greatly appreciate it otherwise I may have to stop using PRT and find a different broker 🙁

Thanks for reading

saigp79

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06/28/2016 at 5:36 AM #9940

grizzly

Hi Saigp,

Are you looking for the indicator to look back at the previous session times, or treat the high and low in isolation for each session time ?

Cheers

grizzly

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06/28/2016 at 11:39 AM #9954

saigp79

Hi,

Thanks for getting back to me.

I think the answer is both lol. I would like to see history of previous session highs and lows, where the highs and lows are isolated for each session.

For me price is the only indicator I use. I just want the platform to make it visually easier for me to see each session (intraday) high and low.

In Example 1 above the MT4 platform allows me to use 2 indicators. 1 allows me to block out price in the asian session, the second at the bottom just highlights session times.

In Example 2, all the session times are all highlighted on the chart, with horizontal line segmant at the highs and lows of the session

It doesnt have to look the same as above if not lines then boxes or timezones it doesnt matter as long as I can highlight the beginning and ending of each session.

Thanks

saigp79

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06/28/2016 at 12:20 PM #9960

grizzly

Something like this ?

//DEVELOPMENT & GRAPH AREA ******************************************
Session1TimeStart = 060000
Session1TimeClose = 100000
Session2TimeStart = 120000
Session2TimeClose = 150000
Session3TimeStart = 160000
Session3TimeClose = 180000
Session4TimeStart = 210000
Session4TimeClose = 050000

if time > Session1TimeStart and time < Session1TimeClose then
S1high = dhigh(0)
S1low = dlow(0)
endif

if time > Session2TimeStart and time < Session2TimeClose then
S2high = dhigh(0)
S2low = dlow(0)
endif

if time > Session3TimeStart and time < Session3TimeClose then
S3high = dhigh(0)
S3low = dlow(0)
endif

if time > Session4TimeStart and time < Session4TimeClose then
S4high = dhigh(0)
S4low = dlow(0)
endif

graph S1high coloured (200,0,0) as "s1high"
graph S1low coloured (200,0,0) as "S1low"
graph S2high coloured (0,200,0) as "S2high"
graph S2low coloured (0,200,0) as "S2low"
graph S3high coloured (0,50,50) as "S3high"
graph S3low coloured (0,50,50) as "S3low"
graph S4high coloured (0,0,200) as "S4high"
graph S4low coloured (0,0,200) as "S4low"

//DEVELOPMENT & GRAPH AREA ******************************************

Session1TimeStart = 060000

Session1TimeClose = 100000

Session2TimeStart = 120000

Session2TimeClose = 150000

Session3TimeStart = 160000

Session3TimeClose = 180000

Session4TimeStart = 210000

Session4TimeClose = 050000

if time > Session1TimeStart and time < Session1TimeClose then

S1high = dhigh(0)

S1low = dlow(0)

endif

if time > Session2TimeStart and time < Session2TimeClose then

S2high = dhigh(0)

S2low = dlow(0)

endif

if time > Session3TimeStart and time < Session3TimeClose then

S3high = dhigh(0)

S3low = dlow(0)

endif

if time > Session4TimeStart and time < Session4TimeClose then

S4high = dhigh(0)

S4low = dlow(0)

endif

graph S1high coloured (200,0,0) as "s1high"

graph S1low coloured (200,0,0) as "S1low"

graph S2high coloured (0,200,0) as "S2high"

graph S2low coloured (0,200,0) as "S2low"

graph S3high coloured (0,50,50) as "S3high"

graph S3low coloured (0,50,50) as "S3low"

graph S4high coloured (0,0,200) as "S4high"

graph S4low coloured (0,0,200) as "S4low"

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saigp79

grizzly

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06/28/2016 at 12:34 PM #9963

grizzly

The above is incorrect. 🙂

Let me work on something

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saigp79

grizzly

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06/28/2016 at 12:45 PM #9964

Nicolas

Or maybe like this? (maximum/minimum between 2 hours are something often asked, I always have this kind of code ready to be copy/paste 🙂 )

Session1TimeStart = 060000
Session1TimeClose = 100000

if intradaybarindex=0 then
 S1low=Dopen(0)
 S1high=Dopen(0)
endif

if time > Session1TimeStart and time < Session1TimeClose then
 S1high = MAX(S1high,high)
 S1low = MIN(S1low,low)
else
 S1high = 0
 S1low = Dopen(0)*100
endif

RETURN S1high coloured (200,0,0) as "s1high", S1low coloured (200,0,0) as "S1low"

Session1TimeStart = 060000

Session1TimeClose = 100000

if intradaybarindex=0 then

S1low=Dopen(0)

S1high=Dopen(0)

endif

if time > Session1TimeStart and time < Session1TimeClose then

S1high = MAX(S1high,high)

S1low = MIN(S1low,low)

else

S1high = 0

S1low = Dopen(0)*100

endif

RETURN S1high coloured (200,0,0) as "s1high", S1low coloured (200,0,0) as "S1low"

Change drawing values to point mode and add colour fill between them.

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saigp79

Nicolas

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06/28/2016 at 1:59 PM #9968

saigp79

Hi Nicholas,

I cant get it to work the chart goes all funny lol.

Do I just create a new indicator and paste the code in apply it to price??

Sai

saigp79

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06/28/2016 at 2:46 PM #9970

Nicolas

The code I gave is an example and must be completed by all the time sessions you want. Or you can create 3 same one with different SessionTimeStart and SessionTimeEnd.

Yes, you just need to add this indicator on price and “Change drawing values to point mode and add colour fill between them.”

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saigp79

Nicolas

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01/18/2017 at 10:36 PM #21640

random45689

Make sure Vertical autoscaling: use price only is ticked on the charts Price chart panel properties (wrench icon top left of the chart) and that you’ve unticked the necessary Colour Zone for the indicator

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saigp79

random45689

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07/06/2017 at 10:05 AM #39935

darraghcoyle77@

Tried to add code to new indicator, but getting programming error saying : an indicator code must end with the keyword RETURN to define what ti display.

darraghcoyle77@

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07/06/2017 at 2:49 PM #39956

Nicolas

The code you have copy/paste is not an indicator, but part of an automatic trading strategy (proorder program).

Nicolas

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07/06/2017 at 9:32 PM #39978

darraghcoyle77@

Ok, So how can I get this indicator for my charts.

Darragh

darraghcoyle77@

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07/07/2017 at 9:09 AM #39997

Nicolas

With this modified code instead, converted to an indicator:

//DEVELOPMENT & GRAPH AREA ******************************************
Session1TimeStart = 060000
Session1TimeClose = 100000
Session2TimeStart = 120000
Session2TimeClose = 150000
Session3TimeStart = 160000
Session3TimeClose = 180000
Session4TimeStart = 210000
Session4TimeClose = 050000

if time > Session1TimeStart and time < Session1TimeClose then
S1high = dhigh(0)
S1low = dlow(0)
endif

if time > Session2TimeStart and time < Session2TimeClose then
S2high = dhigh(0)
S2low = dlow(0)
endif

if time > Session3TimeStart and time < Session3TimeClose then
S3high = dhigh(0)
S3low = dlow(0)
endif

if time > Session4TimeStart and time < Session4TimeClose then
S4high = dhigh(0)
S4low = dlow(0)
endif

return S1high coloured (200,0,0) as "s1high", S1low coloured (200,0,0) as "S1low"
,S2high coloured (0,200,0) as "S2high",S2low coloured (0,200,0) as "S2low",S3high coloured (0,50,50) as "S3high"
,S3low coloured (0,50,50) as "S3low",S4high coloured (0,0,200) as "S4high",S4low coloured (0,0,200) as "S4low"

//DEVELOPMENT & GRAPH AREA ******************************************

Session1TimeStart = 060000

Session1TimeClose = 100000

Session2TimeStart = 120000

Session2TimeClose = 150000

Session3TimeStart = 160000

Session3TimeClose = 180000

Session4TimeStart = 210000

Session4TimeClose = 050000

if time > Session1TimeStart and time < Session1TimeClose then

S1high = dhigh(0)

S1low = dlow(0)

endif

if time > Session2TimeStart and time < Session2TimeClose then

S2high = dhigh(0)

S2low = dlow(0)

endif

if time > Session3TimeStart and time < Session3TimeClose then

S3high = dhigh(0)

S3low = dlow(0)

endif

if time > Session4TimeStart and time < Session4TimeClose then

S4high = dhigh(0)

S4low = dlow(0)

endif

return S1high coloured (200,0,0) as "s1high", S1low coloured (200,0,0) as "S1low"

,S2high coloured (0,200,0) as "S2high",S2low coloured (0,200,0) as "S2low",S3high coloured (0,50,50) as "S3high"

,S3low coloured (0,50,50) as "S3low",S4high coloured (0,0,200) as "S4high",S4low coloured (0,0,200) as "S4low"

Nicolas

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07/09/2017 at 10:11 PM #40184

darraghcoyle77@

still not working, where exactly do I need to copy and paste it too.

darraghcoyle77@

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07/10/2017 at 8:52 AM #40196

Nicolas

❓ Just make a new indicator with the indicator tool.

Nicolas

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Topics: 81

Replies: 20828

Been thanked: 4739 times

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