5 Day Lows & Highs

• 11/18/2021 at 12:46 PM #181788
  al_craig

  Good afternoon all,

  I am trying to generate a piece of code that will provide a buy or sell signal on the chart dependent on when we break above or below the highest or lowest point of the last 5 periods.

  I am sure this is easily done however I am inexperienced in coding.

  Any help would be gratefully received.

  Thanks all! Happy trading

  

  al_craig

  Participant

  Topics: 3

  Replies: 6

  Been thanked: 0 times
  11/18/2021 at 5:16 PM #181799
  Philstrading

  ran on 1 second chart

  myhigh=highest[5] Mylow=lowest[5] If not onmarket and close> myhigh then buy myamount perpoint at market endif If notonmarket and close <mylow then sellshort myamount perpoint at market endif // Use this on the 1 seconds chart and change 5 to whatever the sconds value of your timeframe x5 (so 5 mins would be [300]

  1 2 3 4 5 6 7 8 9 10 11 12 13

  myhigh=highest[5] Mylow=lowest[5]   If not onmarket and close> myhigh then buy  myamount perpoint at market endif   If notonmarket and close <mylow then sellshort myamount perpoint at market endif     // Use this on the 1 seconds chart and change 5 to whatever the sconds value of your timeframe x5 (so 5 mins would be [300]

  The only issue is that with 1,000,000 units you can only test about 1 month in backtest…. If you are happy entering on the close of the 1 minute candle run it on the 1 minutes..

  There are programming manuals on here to download, and a programming coarse I’d recommend…

  

  Philstrading

  Participant

  Topics: 24

  Replies: 126

  Been thanked: 43 times
  11/18/2021 at 5:18 PM #181800
  Philstrading

  you can also substitute close for high or low

  

  Philstrading

  Participant

  Topics: 24

  Replies: 126

  Been thanked: 43 times
  11/18/2021 at 5:22 PM #181801
  robertogozzi

  In lines 4 and 8 you need to add  [1] to myhigh and  mylow, as CLOSE will never close above the current high.

   

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18057

  Been thanked: 4621 times
• Author
  Posts