Bracket orders (signals upon LO&HI of one candle)

• 11/28/2024 at 1:01 AM #240835
  Watanabix

  Hello traders,

  I am trying to build an indicator that will give me the high and the low of a specific candle. I have tried using time but the highs and low would always be of the next candle so I gave up and am now using te number of the candle (perhaps not a good ideia for future testing in a strategy, i don’t know). It is now drawing 2 horizontal lines of the high and low but the lines extend until the next the next same candle in the next trading day.

  1. is it possible to limit the horizontal lines to the end of the session, in this case 160000 in New York, like if the highs and lows would reset at the end of the session (and not be shown on the chart)?
  2. is there a way to use the time interval of the candle (in this case 103000-104500) instead of the number (just to add more flexibility)?
  3. also, I assume that I can then use this indicator in a strategy to use buy and sell orders (this is the next step). Please let me know otherwise.

  if IntradayBarIndex =42 THEN maxprice = high minprice = low ENDIF return maxprice as "maxprice", minprice as "minprice"

  1 2 3 4 5 6

  if IntradayBarIndex =42 THEN maxprice = high minprice = low   ENDIF return maxprice as "maxprice", minprice as "minprice"

  PS: I am attaching the picture of how it looks in the chart

  Many thanks in case you can help

   

   

   

   

  

  Watanabix

  Participant

  Topics: 2

  Replies: 1

  Been thanked: 0 times
• Author
  Posts