Price Trends

• 03/08/2018 at 10:48 AM #64760
  grimweasel47

  Hello,

  Is there a neat piece of code that defines trend by means of price bars making higher highs and higher lows?

  In my trend breakout system which starts at ‘x’ hour I want PRT to check that the high at this time is the highest of the recent ‘n’ bars. So for example if my breakout system starts at 0800 I want PRT to check that if trend conditions are met, that it only initiates trade if the high is the highest high of the day since midnight. I had been using the code below but I think this could be wrong.

  //set trend using highs and lows Trend1= highest[1](high) Trend2= highest[8](high) Trend3 = trend1-trend2 /// Trend4= lowest[1](low) Trend5= lowest[8](low) Trend6 = trend4-trend5 Trend3 >0 Trend6 >-1

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  //set trend using highs and lows Trend1= highest[1](high) Trend2= highest[8](high) Trend3 = trend1-trend2 /// Trend4= lowest[1](low) Trend5= lowest[8](low) Trend6 = trend4-trend5   Trend3 >0 Trend6 >-1

  Rather than use EMAs I want price to define the trend, so is there also a way of saying only trade if price (on H1 for example) is making higher swing highs and higher swing lows (and vice versa for shorts)?

  Many thanks.

  

  grimweasel47

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