Monthly Inside Bar Breakout Failure

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07/12/2020 at 7:04 AM #139045 quote

Participant

New

I have been trying to code a monthly version of the inside bar breakout failure for a while but to no avail. Below is the code I use for Daily and Weekly.

c1= high[1] < high[2]
 
c2= low[1] > low[2]
 
insidebar = c1 and c2
insidebarbreak = high[0]>high[1] or low[0]<low[1]
reversal = close[0]<high[1] and close[0]>low[1]

insidebarfailure = insidebar and insidebarbreak and reversal

screener[insidebarfailure]

This is my attempt at the monthly

////CURRENT MONTH Open & Close////
If Month<>Month[1] then
MCOpen = Open[0]
endif

MCClose = Close[0]

////CURRENT MONTH High & Low////

//unsure and stuck here

////PREVIOUS MONTH Open & Close////
If Month<>Month[1] then
MCOpen = Open[1]
endif

MCClose = Close[1]

////PREVIOUS MONTH High & Low////
If Month<>Month[1] and barindex>20 then
MPHigh = Highest[BarIndex - lastMonthBarIndex](High)[1]
MPLow = Lowest[BarIndex - lastMonthBarIndex](Low)[1]
lastMonthBarIndex = BarIndex
ENDIF

As you can see I am stuck trying to get this month’s or the current month’s High and Low. Any suggestions or tips? Thank you.

07/12/2020 at 11:47 AM #139066 quote

robertogozzi

Moderator

Legend

There you go:

//MONTH OHLC //
//
If Month<>Month[1] then
   MCClose  = close[1]  //close of previous month
   MCOpen = CurOpen     //open of previous month
   CurOpen = open       //open of new month (current month)
   MPHigh = CurHigh     //previous monthly high
   MPlow   = CurLow     //previous monthly low
   CurHigh = high        //new monthly high
   CurLow  = low         //new monthly low
ENDIF
CurHigh = max(CurHigh,high) //update High
CurLow  = min(CurLow,low)   //update Low