Intraday indicator using daily ans weekly datas

May 20th, 2011, 05:37 AM

Hi

i want to create an intraday indicator using daily and weekly data in order to use this one in an scanner

With the help of siscop, i tested the indicator in a daily chart and it's ok
But when i insert this indicator in an intraday chart, i don't have the same result.
Is it wrong?

Code

// code function _fHighestD
inputs: 
   Len(numericsimple);
variables: 
   var0(0);

var0=HighD(0);
for Value1 = 1 to Len - 1 
begin
   if HighD(Value1)>var0 then
      var0=HighD(Value1);
end ;

_fHighestD=var0;

Code

// Code function _fLowestD
inputs: 
   Len(numericsimple);
variables: 
   var0(0);

var0=LowD(0);
for Value1 = 1 to Len - 1 
begin
   if LowD(Value1)<var0 then
      var0=LowD(Value1);
end ;

_fLowestD=var0;

Code

// Code Indicator
Inputs: 
   Length1(10), Length2(5), Length3(5), UpColor(Green), DnColor(Red), AlertLevel(40);
   
Var: 
   Day.HH(0), Day.LL(0), Day.SMI(0);

Day.HH = _fHighestD(Length1);
Day.LL = _fLowestD(Length1);

Day.SMI = 100 * (XAverage(XAverage(CloseD(0)-(0.5*(Day.HH+Day.LL)),Length2),Length3) / (0.5 * XAverage(XAverage(Day.HH-Day.LL,Length2),Length3)));

Plot1(Day.SMI, "Day.SMI" );
Plot2(AlertLevel, "Sell Line" );
Plot3(-AlertLevel, "Buy Line" );

If Day.SMI> Day.SMI[1] then 
   begin
   Plot1[1](Day.SMI[1], "Day.SMI", Upcolor);
   Plot1(Day.SMI, "Day.SMI", Upcolor);
   end 
   else begin
   Plot1[1](Day.SMI[1], "Day.SMI", Dncolor);
   Plot1(Day.SMI, "Day.SMI", Dncolor);
   end;

thank you for your help

Nuno

May 22nd, 2011, 06:29 PM

Is there another way to scan a list of stocks in intraday once the daily and weekly setups are ok?

May 24th, 2011, 12:36 AM

Can you be more specific as to what the problem is? You say "don't have the same result", but it isn't clear what the actual details or error is.

Screenshots are useful for troubleshooting.

Mike

May 24th, 2011, 04:42 PM

Mike

# I tested the indicator in a daily chart
# i plotted the same indicator in an intraday chart
As you can see in the indicator's code, i use the function HighD(), LowD() and CloseD()
So the indicator's values in the intraday chart would be the same as the indicator's values in the daily chart
It is not the case and i don't know why

Nuno

May 24th, 2011, 06:10 PM

OK, I've not used those before (highd, lowd, etc) - I just track it myself, something like:

Code

                            
if date <> date[1] then begin



yesthigh = todayhigh;

todayhigh = H;

yestlow = todaylow;

todaylow = L;



end;



if H > todayhigh then todayhigh = H;

if L < todaylow then todaylow = L;

Mike

May 30th, 2011, 08:43 AM

Hi,

I am using easylanguage tradestation and i want to find out 1 hour high and low using 5 minutes movement..pls help me out in coding cos i tried in many ways but am not able include 1st bar high and low..

May 30th, 2011, 06:17 PM

dhanamala87

Hi,

I am using easylanguage tradestation and i want to find out 1 hour high and low using 5 minutes movement..pls help me out in coding cos i tried in many ways but am not able include 1st bar high and low..

Typed by hand and not syntax checked, but something like this

Code

                            


vars:

 currenthour ("0"),

 lasthour_high (0),

 lasthour_low (0),

 currenthour_high(0),

 currenthour_low(0);



currenthour = FormatTime("H", Time);



if currenthour <> currenthour[1] then begin



 lasthour_high = currenthour_high;

 lasthour_low = currenthour_low;



end

else

begin



 if H > currenthour_high then currenthour_high = H;

 if L < currenthour_low then currenthour_low = L;



end;

Mike

February 17th, 2014, 03:11 PM

I can see a of couple things here.

First, you are using the zero (0) value in your user functions calling the DayH and DayL - intra day this will be a moving value as the open days high and low will, or may, be changing.

You are also doing an XAverage using intraday bars, so it is not smoothing over multiple daily SMI values as it is on a daily chart. You are going to need to specially code your own XAverage to be calculated once per day and storing the previous days result for use.

The DayH and DayL may be treating date change as end of day not session end. These are very old functions that were created before electronic session became 24, or near 24, hour markets.

There are a number of changes that would need to be dome to make this study work as expected. Things to look into would include :

Using BarStatus to only compute once per day.
Deciding whether DayH and DayL return the value you wish to use.
Creating an actual Daily XAverage function.

Samuel K. Tennis

Intraday indicator using daily ans weekly datas

Discussion in EasyLanguage Programming

Intraday indicator using daily ans weekly datas