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High/Low horizontal line of n bars
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Created: by EdgeOfChaos Attachments:2

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High/Low horizontal line of n bars

  #1 (permalink)
Trading Apprentice
Paris/France
 
Futures Experience: Intermediate
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Posts: 6 since Feb 2017
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High/Low horizontal line of n bars

Hello all,
Is it possible, with one of the standard studies, to draw an horizontal line to the high and one to the low of n bars and once those n bars are reach, the level created remain through the day.
I've tried doing it with the "Highest High/Lowest Low Over N Bars" study but, as expected, the lines keep moving throughout the day as the line are redrawn after each 5 new bars...
Cheers.

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  #2 (permalink)
Elite Member
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This request is unclear to me, could you annotate a pic of what you're trying to do. It might clear up my confusion.

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  #3 (permalink)
Elite Member
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Have you used Highest-Lowest over a specific time frame?

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  #4 (permalink)
Trading Apprentice
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Ok, sorry for the lack of clarity, i'm trying to keep track of the highs and lows of, for instance, the first 10 (range bars) starting at the European open 8h00.
I've joined pictures showing what i'm trying to explain.

The first one is what i'm looking for, At 8h00 the first candle starts (drawing a low in this instance) and ten candles later no more high/low are taken into consideration, keeping the highest high of the ten candles (drawn at the 6th candles) throughout the day.
I can't really use a time specific high/low as i'm using range bars and am trying to get the the high /low of those 10 first range candles starting at a specific time (8h00 in the morning kin this example.)

The second picture is a chart using the "Highest High/Lowest Low Over N Bars" study and is not what i want.

I hope this rather laborious wall of text is making any sense
Cheers

Attached Thumbnails
High/Low horizontal line of n bars-2017-06-22_09h56_39.png   High/Low horizontal line of n bars-2017-06-22_09h58_36.png  

Last edited by EdgeOfChaos; June 22nd, 2017 at 05:39 AM.
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  #5 (permalink)
Market Wizard
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You could try using the High / Low for time period and specify in the study the time to plot the lines based on what time frame of chart you are using.

Edit, just reread the above post and see that using a time frame isn't going to work.

You miss 100% of the shots you don't take. - Wayne Gretsky

Last edited by CenFlo; June 22nd, 2017 at 03:18 PM.
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  #6 (permalink)
Elite Member
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lol, yes that laborious wall of text made it much more clear, thanks

The only automated way to do what you want is to write an ACSIL program or build the criteria in the SC spreadsheet.

Short of that, you would have to identify the time of bar 10 and manually enter the approximate end time in the High/Low for Time Period - Extended study. This will work perfectly well with range bars too.

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  #7 (permalink)
Trading Apprentice
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All right then, looks like i'm going to learn how to properly use the SC spreadsheet function then !! or go the goold old manual way.
Thanks for the reply guys, and thanks to you too mkata for listing me the alternative options.

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  #8 (permalink)
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EdgeOfChaos View Post
All right then, looks like i'm going to learn how to properly use the SC spreadsheet function then !! or go the goold old manual way.
Thanks for the reply guys, and thanks to you too mkata for listing me the alternative options.

Here is how to do what you want using the Spreadsheet Study study:

Add the Spreadsheet Study study
1) On the Settings and Inputs tab:
-Set the Chart Region to 1
-Give it a name in the Spreadsheet Name field

2) On the Subgraphs tab:
-Set the subgraph Draw Styles like this:
K (SG1): Ignore
L (SG2): Stair Step
M (SG3): Stair Step
N (SG4): Stair Step
O (SG5): Stair Step
-Set SG2 and SG3 colors the same
-Set SG4 and SG5 colors the same

3)On the spreadsheet, use these formulas:
Cell K3:
 
Code
=IF(A3-INT(A3)>TIMEVALUE("08:00:00")+8/24,0,IF(MROUND(A3-INT(A3),1/86400)=TIMEVALUE("08:00:00"),1,K4+1))
Cell L3:
 
Code
=IF(AND(K3>0,K3<=10),MAX(C3,L4),0)
Cell M3:
 
Code
=IF(L3>0,0,IF(K4=10,L4,M4))
Cell N3:
 
Code
=IF(AND(K3>0,K3<=10),MINZ(D3,N4),0)
Cell O3:
 
Code
=IF(N3>0,0,IF(K4=10,N4,O4))

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  #9 (permalink)
Trading Apprentice
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Wow that's very nice of you tomgilb !! Thanks you very much!! I'm going to test it this afternoon

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