Poor Highs and Poor Lows Study

June 7th, 2016, 11:42 AM

I am looking for an alert(vertical line or number above signal) or a study that will show me when there are poor highs or lows on a 30min chart.

TPO Poor Highs or Lows are when the high of one 30 min bar matches the high of another 30 min bar the same day at the current high of that day. Lows are the opposite.

So for instance the high of the 9am 30 min bar is 2100 and then we get another 30 min bar later at 11am with a high of 2100...and the current high of the day is also 2100.

I know this is easily visible with a TPO chart but I would like to run some studies and need it on a 30min chart so I can do a spreadsheet study.

Anyone have any ideas?

June 9th, 2016, 01:12 PM

I can give you a couple ideas from how I am working out a few different alerts an studies. You can take initial balance, hi/lows for time period, and/or OHLC studies and run them multiple instances for the different time periods. I do this for globex, the first hour of trading and post IB.

Then you can code alerts that are based on the relation of those levels like And(IB hi< globex hi, post ib hi < globex hi) or with ABS (absolute value functions) < a few ticks or VAP (volume at price < volume threshold). You'll have to come up with what your criteria is. But this is the basic idea I'm working with to ID targets above and below the market.

July 16th, 2016, 11:33 PM

QBtrades

I am looking for an alert(vertical line or number above signal) or a study that will show me when there are poor highs or lows on a 30min chart.

TPO Poor Highs or Lows are when the high of one 30 min bar matches the high of another 30 min bar the same day at the current high of that day. Lows are the opposite.

So for instance the high of the 9am 30 min bar is 2100 and then we get another 30 min bar later at 11am with a high of 2100...and the current high of the day is also 2100.

I know this is easily visible with a TPO chart but I would like to run some studies and need it on a 30min chart so I can do a spreadsheet study.

Anyone have any ideas?

I played around with this and made it so that a color bar alert signals when the high/low of the bar equals the high/low of the day. These signals are then summed for the day and when the total is 2 or more and higher than the previous sum the value of the high is printed on the chart.

There seems to be a problem with using cumulative sum with color bar alerts in that the sum will disappear and you have to go to Charts and hit Recalculate to get the sum and values back.

Probably not the best solution, but maybe it will give you some ideas. I will post the study collection.

Good Luck

Poor Highs and Poor Lows Study

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Poor Highs and Poor Lows Study