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Get range of a series of bars
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Created: by kristian Attachments:0

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Get range of a series of bars

  #1 (permalink)
Trading Apprentice
Zurich
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: $CL
 
Posts: 6 since Aug 2015
Thanks: 4 given, 1 received

Get range of a series of bars

Hello

I want to get the range of the bars in at a certain time. Let's say I want the range from 9-10.30. This was my first try, but obviously it doesn't give me the range of the bars as it's only looking at the 9 & 10.30 bars (and not the ones in between).

 
Code
if (Time = 0900) then begin
	storedOpen9 = low;
	storedClose9 = high;
end;
	
if (Time = 1030) then begin
	storedOpen1030 = low;
	storedClose1030 = high;
end;

rangeLow = MinList(MinList(storedOpen9, storedClose9), MinList(storedOpen1030, storedClose1030));	
rangeHigh = MaxList(MaxList(storedOpen9, storedClose9), MaxList(storedOpen1030, storedClose1030));

range = rangeHigh - rangeLow;

Another idea I had was to use 2 different timeframes, one where I use 90mins bars for getting the range (high-low) and one for trading. But I don't know how to do this nor if this is the appropriate way.

I am very new to EasyLanguage & Multicharts and tried searching for this but didn't find anything.

Thanks in advance!

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  #2 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


kristian View Post
I want to get the range of the bars in at a certain time. Let's say I want the range from 9-10.30. This was my first try, but obviously it doesn't give me the range of the bars as it's only looking at the 9 & 10.30 bars (and not the ones in between).

I would try to do this as follows:

 
Code
Variables:
	barRange(0),
	highestRange(0),
	lowestRange(9999);

// Get the range of bars during a certain time
if (Time >= 900) and (Time <= 1030) then begin

	barRange = High - Low;
	
	highestRange = MaxList(barRange, highestRange);
	lowestRange = MinList(barRange, lowestRange);

end;

// Reset the variables after this time ends
if (Time > 1030) then begin

	highestRange = 0;
	lowestRange = 99999;

end;
Of course, you'd still need to implement here what you want to do with the `highestRange` and `lowestRange` variables during the 9:00 - 10:30 time period. I hope this points you in the right direction.

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  #3 (permalink)
Trading Apprentice
Zurich
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: $CL
 
Posts: 6 since Aug 2015
Thanks: 4 given, 1 received


Thank you very much Jura!

On the basis of your input I came up with the following:

 
Code
if (Time >= 0700) and (Time <= 0930) then begin
	
	highestHigh = MaxList(High, highestHigh);
	lowestLow = MinList(Low, lowestLow);
	
	range = highestHigh - lowestLow;

end;
and I reset the range every day like this:

 
Code
if date <> date[1] then begin

	highestHigh = 0;
	lowestLow = 99999999;
        range = 0;

end;

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