Daily High / Daily Low

[laocoon]

Hi

Is there an easy way to get the Daily High / Low of a certain product? I'm developing an automated trading strategy and one of the criteria is that the market must be at least X points away from the daily high for a long signal.

Thanks

[ACM]

laocoon
All you need to do is add a simple condition to your strategy such as for example
if(close(0) < high(0, inv("d"))-10)
which will check for current price to be less than daily High - 10
Alex

[laocoon]

Thanks for your reply Alex, this should do the trick....

[laocoon]

Originally posted by Alexis C. Montenegro
laocoon
All you need to do is add a simple condition to your strategy such as for example
if(close(0) < high(0, inv("d"))-10)
which will check for current price to be less than daily High - 10
Alex

Alex,

I played around with the inv function but I'm probably missing something because I'm getting a "loading data..." message in the cursor window...whenever I include it into my code. I even used the bit of code you provided in your last post, but the result was the same. I'm a bit lost I must say....

Thanks for your reply.

rob

[ACM]

rob
You may want to provide an example of the code you are using and some information regarding the interval of the chart, the Time Template settings (for both the chart and external interval), etc.
Also when you were seeing the "Loading..." message could you get a chart for the external interval that was being called?
Alex

[laocoon]

Originally posted by Alexis C. Montenegro
rob
You may want to provide an example of the code you are using and some information regarding the interval of the chart, the Time Template settings (for both the chart and external interval), etc.
Also when you were seeing the "Loading..." message could you get a chart for the external interval that was being called?
Alex

Alex

Thanks for your reply. Before I post a bit of my code, I'd like to clarify something because this might be the source of my error: when you say "the chart and the external interval..." I take it you're using two different intervals whereas I want to use only one. My strategy is loaded on a 5 min chart (24h time template) and I'm looking to retrieve the daily high/low of the current session on that same interval....is this feasible?

[ACM]

rob

when you say "the chart and the external interval..." I take it you're using two different intervals

That is correct in as much as I was referring to using inv() in the if(close(0) < high(0, inv("d"))-10) conditional statement I suggested in an earlier message
The inv() function allows you to run a chart on an interval while retrieving the value of a price series or study that is based on a different interval.

My strategy is loaded on a 5 min chart (24h time template) and 'm looking to retrieve the daily high/low of the current session on that same interval....is this feasible?

The easiest way to do that using inv() would be to use high(inv("d")) and low(inv("d")) which will return the daily High and Low regardless of the interval being charted.
If instead you want to build the daily High and Low using only the chart data then see Session HiLo.efs posted in this thread
Alex

function preMain(){
    setPriceStudy(true);
    setCursorLabelName("High",0);
    setCursorLabelName("Low",1);
}
 
function main(){
 
    var xHigh = high(inv("d"));
    var xLow  = low(inv("d"));
    
    return new Array (xHigh, xLow);
} 

[buzzhorton]

Alexis or anyone...

What's the reason

    xHigh = high(  inv("D") );
    xLow  = low( inv("D") ); 

do NOT plot like tHigh and tLow?

Still learning EFS.

Thanking You in Advance

function preMain(){
    setPriceStudy(true);
    setCursorLabelName("High-A",0);
    setCursorLabelName("Low-A",1);

    setCursorLabelName("High-T",2);
    setCursorLabelName("Low-T",3);


    setDefaultBarThickness(2,0); 
    setDefaultBarThickness(2,1); 
    setDefaultBarThickness(2,2); 
    setDefaultBarThickness(2,3); 
}
 

var tInit = false ;

    var xHigh = null ;
    var xLow  = null ;

    var tHigh = null ;
    var tLow  = null ;

function main(){
 

if( tInit == false ) {
    xHigh = high(  inv("D") );
    xLow  = low( inv("D") );
    tInit = true ;
}


    if(getBarState()==BARSTATE_NEWBAR && getDay(0)!=getDay(-1)) {
        tHigh = high(0);
        tLow = low(0);
    }


if( high(0) > tHigh ) { tHigh = high(0); }

if( low(0) < tLow ) { tLow = low(0); }


     setBarFgColor(Color.green, 0);
     setBarFgColor(Color.red, 1);
     setBarFgColor(Color.darkgreen, 2);
     setBarFgColor(Color.maroon, 3); 

    return new Array ( xHigh.getValue(0) , xLow.getValue(0) , tHigh, tLow );
} 

[ACM]

buzzhorton
The difference is due to the fact that xHigh and xLow reference the daily bar which returns a single data point per day across all the historical bars of the corresponding lower interval.
Alex