Climax Indicator

• 07/03/2017 at 4:30 PM #39709
  phoenix1914

  Hello all

  I am new to programming with pro-real code, so I need your help with the below.

  I try to create an indicator of the buy/sell climax. In theory a buy climax occurs if a stock has a new 52 week high but then closes below previous week’s close. In my first approach to the code I tried to compile only the first part – meaning to check if a stock has a new 52 week high (then I will think the rest). I put the following code.

  My result is that bclimax is always 0, although I would expect to have 1 also in many days that had high. What am I missing here?

  IF DHigh(0) > Highest[365] THEN bclimax = 1 ELSE bclimax = 0 ENDIF return bclimax AS "Buy Climax"

  1 2 3 4 5 6 7

  IF DHigh(0) > Highest[365] THEN bclimax = 1 ELSE bclimax = 0 ENDIF   return bclimax AS "Buy Climax"

   

   

  

  phoenix1914

  Participant

  Topics: 1

  Replies: 1

  Been thanked: 1 time
  07/03/2017 at 4:47 PM #39710
  Nicolas

  Because you are trying to check a condition that can’t exist. The current High cannot be superior to the Highest high, it is the Highest high 🙂 So you’ll have to check is the current High is above the highest one, 1 bar ago, like in this code:

  IF DHigh(0) > Highest[365][1] THEN bclimax = 1 ELSE bclimax = 0 ENDIF return bclimax AS "Buy Climax"

  1 2 3 4 5 6 7

  IF DHigh(0) > Highest[365][1] THEN bclimax = 1 ELSE bclimax = 0 ENDIF   return bclimax AS "Buy Climax"

  EDIT: there is no 365 trading days in year. You should adapt this lookback period to get something near the real value.

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  07/04/2017 at 9:30 AM #39758
  phoenix1914

  Thank you!!! Also for noticing the 365 – I am so used from calculating interest rates and didn’t even think of it :/

  It worked (i think it works at least for now) amending the code as follows – from some sample data looks like it works as expected

  Again appreciated

  IF DHigh(0) > Highest[260][1] THEN IF Dclose(0) < Highest[5][1] THEN bclimax = 1 ELSE bclimax = 0 ENDIF ELSE bclimax=0 ENDIF return bclimax AS "Buy Climax"

  1 2 3 4 5 6 7 8 9 10 11

  IF  DHigh(0) > Highest[260][1] THEN IF Dclose(0) < Highest[5][1] THEN bclimax = 1 ELSE bclimax = 0 ENDIF ELSE bclimax=0 ENDIF   return bclimax AS "Buy Climax"

   

  1 user thanked author for this post.

  Nicolas

  

  phoenix1914

  Participant

  Topics: 1

  Replies: 1

  Been thanked: 1 time
• Author
  Posts