5 Day Lows & Highs

al_craig · 2021-11-18T11:46:28+00:00

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

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11/18/2021 at 12:46 PM #181788 quote

al_craig
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New

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

11/18/2021 at 5:16 PM #181799 quote
Philstrading
Participant

Senior
```
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…
11/18/2021 at 5:18 PM #181800 quote

Philstrading
Participant

Senior

you can also substitute close for high or low

11/18/2021 at 5:22 PM #181801 quote

robertogozzi
Moderator

Legend

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