Help with simple Code / Request

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Hello Guys!

I'm pretty new to Multicharts and Powerlanguage and i tried to create a simple indicator that should give me a visual signal when a condition is met.

Condition:
When Price (instead of price i use close of 1 minute Candle) is greater than last weeks high => color the 1 minute Candles.

Code

Input:
MA_Period(34);


Vars:
MA_Value(0),
TF_Price(2), 		//Price data of Subchart#2, shall simulate the price
TF_Daily(3),		//Price data of Subchart#2, TF D1
TF_Weekly(4),		//Price data of Subchart#2, TF W1
counter(0),
beginValue(1),
endValue(1440);




condition1 = High of data(TF_Price) > High of data(TF_Weekly) ;
condition2 = Close of data(TF_Price) < Low of data(TF_Weekly) ;



If condition1 Then PlotPaintBar(High, Low, Open, Close, "", Yellow)  of data(TF_Price) ;

If condition2 Then PlotPaintBar(High, Low, Open, Close, "", Magenta) of data(TF_Price);

The problem is, that the indicator paints the bars 1 Day too late as seen in the screenshots.
The price level where the arrow points to, is the last weeks high.

Seems that it recognizes or checks the condition too late...

I tried it now for hours, but i don't get any further... any ideas?

Thanks in advance!

https://prnt.sc/19s63rv

https://prnt.sc/19s68w8

Anka Software · (login for full post details)

Hi,
If your requirement is to paint bar when the current price is above or below the current week high/low then the following changes should work

Code

condition1 = High of data(TF_Price) >= High of data(TF_Weekly) ;
condition2 = Close of data(TF_Price) <= Low of data(TF_Weekly) ;

Regards

Vivek

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Anka Software

Hi,
If your requirement is to paint bar when the current price is above or below the current week high/low then the following changes should work

Code

condition1 = High of data(TF_Price) >= High of data(TF_Weekly) ;
condition2 = Close of data(TF_Price) <= Low of data(TF_Weekly) ;

Regards

Vivek

Thanks for your answer!

I tried it, but it still doesn't recognize the break of last weeks High during the first day of the new week.

It's strange that it ignores the first day...

Anka Software · (login for full post details)

For last weeks high the code needs to be

Code

condition1 = High of data(TF_Price) >= High[1] of data(TF_Weekly) ;
condition2 = Close of data(TF_Price) <= Low[1] of data(TF_Weekly) ;

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Anka Software

For last weeks high the code needs to be

Code

condition1 = High of data(TF_Price) >= High[1] of data(TF_Weekly) ;
condition2 = Close of data(TF_Price) <= Low[1] of data(TF_Weekly) ;

Thanks, i tried that already, but this messes the chart more up than before:

With >= High[1] AND <= Low[1]
https://prnt.sc/19zovd4

With >= High of data AND <= Low of data
https://prnt.sc/19zp77v

Anka Software · (login for full post details)

Also what is the idea of using High of Data(TFPRice) in condition1 while close is used in condition 2?

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Anka Software

Also what is the idea of using High of Data(TFPRice) in condition1 while close is used in condition 2?

Was just an error (replaced it with ("Low of Data(TFPrice)"), but didn't do any changes for the example i posted :/

Guys, i think i got it... but i don't know why...

Code

condition1 = Close >= High of data(TF_Weekly) ;
condition2 = Low <= Low of data(TF_Weekly) ;

The key was to repace "High of data(TFPrice)" with "High" or "Close".

But i thought "High of data(TFPrice) gives me the exact same value as Close...

Do you know my mistake in thinking?

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