How Many Central Bankers Does it Take to Blow Up the Mkt? indicator FOMC days

• 09/23/2018 at 6:43 PM #81131
  Bard

  This indicator code will keep you out of trouble on Federal Reserve day announcements when volatility can go through the roof.

  There’s a number of times I’ve been trading forex and either missed or forgotten an FOMC day in the online calendars…
  I also avoid trading before the news/economic data announcements at 9.30am 1.30pm & 3.00pm.
  (Please confirm FOMC days here: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)

  Take Cover it's an FOMC Day

  //Avoid FOMC dates (with warning on day before because I can't quite figure out //how to code it on the actual day other than delay the dates by one day?) FOMC = date=20180731 or date=20180925 or date=20180926 or date=20181107 or date=20181108 or date=20181218 or date=20181219 If FOMC then HowManyCentralBankersDoesitTaketoBlowUptheMkt = 1 Else HowManyCentralBankersDoesitTaketoBlowUptheMkt = 0 Endif if HowManyCentralBankersDoesitTaketoBlowUptheMkt then drawtext("●",barindex,FOMC,Dialog,Bold,16) coloured(255,0,0) endif return HowManyCentralBankersDoesitTaketoBlowUptheMkt as "Take Cover it's an FOMC Day!"

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  //Avoid FOMC dates (with warning on day before because I can't quite figure out //how to code it on the actual day other than delay the dates by one day?)   FOMC = date=20180731 or date=20180925 or date=20180926 or date=20181107 or date=20181108 or date=20181218 or date=20181219 If FOMC then HowManyCentralBankersDoesitTaketoBlowUptheMkt = 1 Else HowManyCentralBankersDoesitTaketoBlowUptheMkt = 0 Endif   if HowManyCentralBankersDoesitTaketoBlowUptheMkt then drawtext("●",barindex,FOMC,Dialog,Bold,16) coloured(255,0,0) endif   return HowManyCentralBankersDoesitTaketoBlowUptheMkt as "Take Cover it's an FOMC Day!"

  Please feel free to rename the indicator. Lol.

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  Leo

  

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  10/23/2018 at 10:57 PM #83419
  Bard

  How to code it on the actual day other than delay the dates by one day?

  Use opendate not date.

  

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  10/24/2018 at 7:59 AM #83428
  Vonasi

  I’ve moved this post to the ProBuilder forum as that is a more relevant place for it.

  The best way to see the difference between DATE and OPENDATE is to graph or write an indicator for them:

  return opendate as "opendate", date as "date"

  1	return opendate as "opendate", date as "date"

  DATE is the date at the close of a candle and OPENDATE is the date at the open of a candle.

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  Bard

  

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