Weekly HL and Monthly HL

Forums › ProRealTime English forum › ProOrder support › Weekly HL and Monthly HL

Viewing 10 posts - 1 through 10 (of 10 total)
  • 10/21/2023 at 10:06 PM #222760
    Inertia

    Hello Roberto and all,

    May I have the following snippet of code at your best convenience please:

    1. Low Month Previous
    2. High Month Previous
    3. Low Week Previous
    4. High Week Preivous

    Thank you.

    Damien

    10/21/2023 at 11:20 PM #222762
    MauroPro

    // calculate daily high/low

    dailyHigh = dHigh(1)

    dailyLow = dLow(1)

    // calculate weekly high/low

    if dayOfWeek < dayOfWeek[1] then

    weeklyHigh = Highest[BarIndex – lastWeekBarIndex](dailyHigh)

    weeklyLow = Lowest[BarIndex – lastWeekBarIndex](dailyLow)

    lastWeekBarIndex = BarIndex

    endif

    // calculate monthly high/low

    if month <> month[1] then

    monthlyHigh = Highest[BarIndex – lastMonthBarIndex](dailyHigh)

    monthlyLow = Lowest[BarIndex – lastMonthBarIndex](dailyLow)

    lastMonthBarIndex = BarIndex

    endif

    1 user thanked author for this post.
    avatar Inertia
    10/21/2023 at 11:27 PM #222763
    phoentzs

    Doesn’t the weekly high also work like this?

    timeframe(1week, updateonclose)
    myhigh = high

    1 user thanked author for this post.
    avatar Inertia
    10/22/2023 at 7:48 AM #222767
    MauroPro

    Yes. They are two ways of writing the same thing, without and with the multitimeframe.

    1 user thanked author for this post.
    avatar Inertia
    10/22/2023 at 9:08 AM #222770
    Inertia

    Thank yo MauroPro. Top.

    How would you wright the buying condition to, let’s say buy 1 contract on the low of the month/week?

    If monthlyLow then

    buy 1 contract?

    Thank you very much.

    Damien

    10/22/2023 at 9:15 AM #222771
    Inertia

    I do not get any positions with this code…

    10/22/2023 at 9:19 AM #222774
    MauroPro

    //Nasdaq CFD H1

    // Definition of code parameters
    DEFPARAM CumulateOrders = False // Cumulating positions deactivated
    // calculate daily high/low

    dailyHigh = dHigh(1)
    dailyLow = dLow(1)
    // calculate weekly high/low

    if dayOfWeek < dayOfWeek[1] then
    weeklyHigh = Highest[BarIndex – lastWeekBarIndex](dailyHigh)
    weeklyLow = Lowest[BarIndex – lastWeekBarIndex](dailyLow)
    lastWeekBarIndex = BarIndex
    endif
    // calculate monthly high/low
    if month <> month[1] then
    monthlyHigh = Highest[BarIndex – lastMonthBarIndex](dailyHigh)
    monthlyLow = Lowest[BarIndex – lastMonthBarIndex](dailyLow)
    lastMonthBarIndex = BarIndex
    endif
    // Conditions to enter long positions
    c1 = (close CROSSES UNDER monthlyLow)

    IF c1 THEN
    BUY 1 SHARES AT MARKET
    set stop pLoss 100
    set target pProfit 200
    ENDIF

    1 user thanked author for this post.
    avatar Inertia
    10/22/2023 at 12:58 PM #222780
    MauroPro

    You con use graphOnPrice to see the max-min levels on the chart.

    This is just a quick experiment: buy when the price crosses below the weekly maximum (Nasdaq 1 hour).

    //Nasdaq TF: H1 [spread = 1]
    defParam cumulateOrders = false
    defParam preLoadBars = 10000
    //——————————
    positionSize = 1
    //———————————————————————–
    // calculate daily high/low
    dailyHigh = dHigh(1)
    dailyLow = dLow(1)
    // calculate weekly high/low
    if dayOfWeek < dayOfWeek[1] then
    weeklyHigh = Highest[BarIndex – lastWeekBarIndex](dailyHigh)
    weeklyLow = Lowest[BarIndex – lastWeekBarIndex](dailyLow)
    lastWeekBarIndex = BarIndex
    endif
    // calculate monthly high/low
    if month <> month[1] then
    monthlyHigh = Highest[BarIndex – lastMonthBarIndex](dailyHigh)
    monthlyLow = Lowest[BarIndex – lastMonthBarIndex](dailyLow)
    lastMonthBarIndex = BarIndex
    endif
    //—————————————————————————-
    c1L = close crosses under weeklyHigh
    if not onMarket and c1L then
    buy positionSize contracts at market
    set stop pLoss 80
    set target pProfit 280
    endif
    //—————————————-
    pointToReachLong = 150*pointSize
    pointToKeepLong = 10*pointSize
    If not onMarket then
    newSL = 0
    endif
    If longOnMarket then
    If newSL = 0 and high – tradePrice(1) > pointToReachLong then
    newSL = tradePrice(1) + pointToKeepLong
    endif
    If newSL > 0 and close-newSL > pointToReachLong then
    newSL = newSL + pointToKeepLong
    endif
    endif
    If newSL > 0 then
    sell at newSL STOP
    endif
    //——————————————————–
    graphOnPrice weeklyHigh coloured (189,252,201)
    graphOnPrice weeklyLow coloured (255,215,0)
    graphOnPrice monthlyHigh coloured (0,205,0)
    graphOnPrice monthlyLow coloured (255,0,0)
    // https://cloford.com/resources/colours/500col.htm

     

    1 user thanked author for this post.
    avatar Inertia
    10/22/2023 at 5:52 PM #222788
    Inertia

    Thank you very much MauroPro.

    Works nearly perfectly. Just a little discrepancy highlighted in yellow (between your indicator and the PRT PP). Who’s right ? ;-))

     

    10/22/2023 at 10:51 PM #222799
    MauroPro

    It’s difficult for me to control bcause you use the future that is a bit different from the cfd.

    However, from the chart you should understand which data is correct (also consider that pivot are calculated in different ways).

    1 user thanked author for this post.
    avatar Inertia
  • Author
    Posts
Viewing 10 posts - 1 through 10 (of 10 total)

Find exclusive trading pro-tools on ProRealCode Marketplace

Similar topics:
daily weekly monthly pivot points version 11
10ema/30ema crossover on weekly charts?
changes to weekly reversal fx strategy
close below sma5 weekly
display of dax we data on dax weekly chart
how to fix weekly fair value pivot
looking for pp monthly
low and following lower low in weekly timeframe
show weekly fibonnacis on daily graph
weekly high low indicator

Create your free account now and post your request to benefit from the help of the community
Register or Login