Indicator for setting previous day HLOC

• 11/24/2021 at 8:56 AM #182180
  2point1

  Hi,

  Currently each morning I set previous day high (PDH), low (PDL), market open (PDMO) and market close (PDC) manually by adding lines to the chart. Since I am following 20+ markets and have custom alerts setup, it’s quite tedious to do this task every day. When the alert comes in, I check the relation between price/alert and the PD lines. Going through the code, I can see that I can add an indicator with DRAWHLINE and DRAWTEXT to achieve this, but I could not find a way to define a time frame for the code to look into, i.e. e.g. when looking at DAX I want the indicator to only look at the bars between 9:00-17:30. Since DAX is an index the data available is 24/6, but this is not what I want the Indicator to take into the consideration.

  I was thinking of using IF statement to check the bar data, such as time and date and compare it with the requirements, but unfortunately I cannot find an instruction or peace of code which could help me to verify the bar datetime value.

  If anyone has a better idea how to achieve the required I would be very grateful.

  Here is a view of the chart and lines I have currently setup manually.

  

  2point1

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  11/24/2021 at 9:10 AM #182184
  2point1

  Also to add, I would like the Indicator to use the calculation from specific time frame, e.g. 5 min time frame, so that if I change the time frame to 1 min, it is not recalculating the values. I just noticed, that if I use the example code provided in one of the articles, it will recalculate the values:

  Example

  defparam drawonlastbaronly = true hh = highest[15](high) Voffset = 2*pipsize DRAWHLINE(hh)coloured(0,200,0) DRAWTEXT("PDH",barindex-30,hh+Voffset,SansSerif,Standard, 12)coloured(0,153,0) RETURN

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  defparam drawonlastbaronly = true   hh = highest[15](high) Voffset = 2*pipsize   DRAWHLINE(hh)coloured(0,200,0) DRAWTEXT("PDH",barindex-30,hh+Voffset,SansSerif,Standard, 12)coloured(0,153,0)   RETURN

  

  2point1

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  11/24/2021 at 9:19 AM #182185
  robertogozzi

  It will ALWAYS recalculates itself at any change, be it the TF, the number of units or any of its settings.

  This is the correct behavior.

  You will have to use IF…ENDIF to select the time window you are interested in.

  Use the correct forum, for indicators it’s ProBuilder. I moved it from General trading discussion.

  Thank you 🙂

  

  robertogozzi

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  11/24/2021 at 9:29 AM #182187
  2point1

  Thank you, for your help on moving the topic to the correct group and for you reply.

  Can you please advise how to validate the time window in the IF ENDIF statement, i.e. could you please provide an example?

  

  2point1

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  11/24/2021 at 11:14 AM #182197
  robertogozzi

  There you go:

  // DAX example // // the TF used must show candles that close on both the starting and ending time // (in this case it must be a 30-minute TF or lower, but not, say, 7 minutes, as its candles do not close at HH:30) // DEFPARAM DrawOnLastBarOnly = true ONCE StartTime = 090000 //Time window (start) ONCE EndTime = 173000 //Time windows (end) ONCE PDH = high //Previous Day High ONCE PDL = low //Previous DayLow ONCE DH = high //current Day High ONCE DL = low //current Day Low ONCE PDMO = 0 //Previous Day Market Open ONCE MO = 0 //current Day Market Open ONCE PDC = 0 //Previous Day Close ONCE PDMObar = 0 ONCE PDHbar = 0 ONCE PDLbar = 0 ONCE PDCbar = 0 ONCE MObar = 0 ONCE DHbar = 0 ONCE DLbar = 0 HR = highest[4](range) MyATR = AverageTrueRange[100](close) Offset1 = MyATR * 1.5 Offset2 = MyATR IF OpenTime = StartTime THEN PDMO = MO PDMObar = MObar MO = open MObar = BarIndex PDH = DH PDHbar = DHbar DH = high DHbar = BarIndex PDL = DL PDLbar = DLbar DL = low DLbar = BarIndex ENDIF IF OpenTime = EndTime THEN PDC = close PDCbar = BarIndex ENDIF DH = max(DH,high) DL = min(DL,low) IF DH <> DH[1] THEN DHbar = BarIndex ENDIF IF DL <> DL[1] THEN DLbar = BarIndex ENDIF IF PDCbar THEN DrawText("PDMO #PDMO#",PDMObar,PDMO + Offset1 + HR) coloured(255,0,0,255) //Red DrawText("↓",PDMObar,PDMO + HR) coloured(255,0,0,255) // DrawText("PDC #PDC#",PDCbar,PDC + Offset1 + HR) coloured(0,128,0,155) //Green DrawText("↓",PDCbar,PDC + HR) coloured(0,128,0,155) // DrawText("PDH #PDH#",PDHbar,PDH + Offset1) coloured(0,0,255,255) //Blue DrawText("↓",PDHbar,PDH + Offset2) coloured(0,0,255,255) // DrawText("PDL #PDL#",PDLbar,PDL - Offset1) coloured(0,0,255,255) //Blue DrawText("↑",PDLbar,PDL - Offset2) coloured(0,0,255,255) ENDIF RETURN

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  // DAX example // // the TF used must show candles that close on both the starting and ending time // (in this case it must be a 30-minute TF or lower, but not, say, 7 minutes, as its candles do not close at HH:30) // DEFPARAM DrawOnLastBarOnly = true ONCE StartTime = 090000    //Time window (start) ONCE EndTime   = 173000    //Time windows (end) ONCE PDH       = high      //Previous Day High ONCE PDL       = low       //Previous DayLow ONCE DH        = high      //current Day High ONCE DL        = low       //current Day Low ONCE PDMO      = 0         //Previous Day Market Open ONCE MO        = 0         //current Day Market Open ONCE PDC       = 0         //Previous Day Close ONCE PDMObar   = 0 ONCE PDHbar    = 0 ONCE PDLbar    = 0 ONCE PDCbar    = 0 ONCE MObar     = 0 ONCE DHbar     = 0 ONCE DLbar     = 0 HR             = highest[4](range) MyATR          = AverageTrueRange[100](close) Offset1        = MyATR * 1.5 Offset2        = MyATR IF OpenTime = StartTime THEN    PDMO    = MO    PDMObar = MObar    MO      = open    MObar   = BarIndex    PDH     = DH    PDHbar  = DHbar    DH      = high    DHbar   = BarIndex    PDL     = DL    PDLbar  = DLbar    DL      = low    DLbar   = BarIndex ENDIF IF OpenTime = EndTime THEN    PDC     = close    PDCbar  = BarIndex ENDIF DH  = max(DH,high) DL  = min(DL,low) IF DH <> DH[1] THEN    DHbar = BarIndex ENDIF IF DL <> DL[1] THEN    DLbar = BarIndex ENDIF IF PDCbar THEN    DrawText("PDMO #PDMO#",PDMObar,PDMO + Offset1 + HR) coloured(255,0,0,255)   //Red    DrawText("↓",PDMObar,PDMO + HR)                     coloured(255,0,0,255)    //    DrawText("PDC #PDC#",PDCbar,PDC + Offset1 + HR)     coloured(0,128,0,155)   //Green    DrawText("↓",PDCbar,PDC + HR)                       coloured(0,128,0,155)    //    DrawText("PDH #PDH#",PDHbar,PDH + Offset1)          coloured(0,0,255,255)   //Blue    DrawText("↓",PDHbar,PDH + Offset2)                  coloured(0,0,255,255)    //    DrawText("PDL #PDL#",PDLbar,PDL - Offset1)          coloured(0,0,255,255)   //Blue    DrawText("↑",PDLbar,PDL - Offset2)                  coloured(0,0,255,255) ENDIF RETURN

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  2point1

  

  robertogozzi

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  11/30/2021 at 7:56 AM #182508
  2point1

  Thank you! This is a good start. Will tweak it a bit and post it here for others to use.

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  robertogozzi

  

  2point1

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