Variable for the price of current forming candlestick

• 09/09/2024 at 1:39 PM #237389
  shabib

  I need your support to define veriable for the price of current forming candlestick

  As I know

  “Close” means the close price of the candlestick

  Also ‘’Close’’ means the movment price of the current forming candlestick.

  When I use close in my code the system gives me the close price of candlestick

  What I want is to get the current price of the candlestick in my code.

  What I want to say
  When the current price touch the lowest low point of of previous predefined lowest low point buy one share at the market.

  I really appreciate your support

  

  shabib

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  09/09/2024 at 1:39 PM #237376
  shabib

  Hi Team,

  Thia topic opened 4 years ago I hope the current price can be defined by a clear veriable.

  I know

  The “close” means the close price of the bar

  Also “close” means the real – time price of the current forming candle.

  When I use close in the code it gives me the close price of the bar and I don’t know how to get the veriable of the real- time price of the current forming candle.

  What I want to tell

  When current price touch the lowest low buy 1 share at the market.

  Anyone can help?

  

  shabib

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  09/09/2024 at 3:04 PM #237390
  JS

  Hi,
  What you can do, as a workaround, is to use Multiple TimeFrames (MTF), on this forum there is a lot of information about this:
  https://www.prorealcode.com/topic/multi-timeframe-mtf-indicators-for-prorealtime/
  For example:
  TimeFrame(1 hour)
  Conditions
  TimeFrame(1 minute)
  Orders

  

  JS

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  09/09/2024 at 3:06 PM #237391
  robertogozzi

  CLOSE is the current price.

  When a bar closes it is, for that single microsecond, registered as te closing price, then it copntinues to retain the current price in the new bar being formed.

  This is true for indicators and screener.

  Staretegy ONLY run at the closing of each bar, not while it’s forming, so in that case CLOSE is both the CLOSING and the CURRENT price, as the newly forming bar can’t be accessed.

  As to your question “When current price touch the lowest low buy 1 share at the market“, what LOW are you talking about, of which bar?

   

   

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  Iván

  

  robertogozzi

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  09/09/2024 at 4:03 PM #237402
  shabib

  Thanks Reberto for your comment

   

  My idea is to implement a code to identify the highest high of uptrend and lowest low of down trend of previous 15 hours ( starting from 01:00 am t0 04:00 pm) . No entry positions before 4 pm.

  after 4  pm it allowed to enter position after it already calculated the highest high and lowest low , the entry position conditions are :

  buy when the current price = lowest low

  sell when the current price = highest high

   

  this is my code , run in 1 hour time frame

   

  // Reset for a new day
  if intradaybarindex = 0 then
  HighestHigh = 0
  LowestLow = 0
  endif

  // the caculation of highest high price and lowest low price would be during stratitime = 01:00 am to endtime 4:00pm
  startime = 010000
  endtime = 160000
  // allow the code to enter a position until 10:00 pm
  lasttime = 220000

  // start to caculate the highest high and lowest low of the previous 15 bars when reach bar index 15 of 1 hour timeframe
  // calculate the last 15 hours , at 4pm
  c1 = intradaybarindex = 15 // this number to be change according to time frame e.g 30 min time frame (for previous 15 hours should be (30 bars)

  // Calculate highest high and lowest low of the last 15 hours , at 4:00 pm
  IF c1 then
  HighestHigh = highest[15](close)
  LowestLow = lowest[15](close)
  ENDIF

  // Conditions to enter long positions
  // enter long position after 4pm , and if the current price equal to lowestlow
  IF NOT LongOnMarket AND Time > endtime AND Time < lasttime AND close= LowestLow THEN
  BUY 1 CONTRACTS AT MARKET

  ENDIF

  // Conditions to exit long positions
  If LongOnMarket AND close= HighestHigh THEN
  SELL AT MARKET
  ENDIF

  // Conditions to enter short positions
  // enter shortposition after 4pm , and if the current price equal to highesthigh
  IF NOT ShortOnMarket AND Time > endtime AND Time < lasttime AND close = HighestHigh THEN
  SELLSHORT 1 CONTRACTS AT MARKET
  ENDIF

  // Conditions to exit short positions
  IF ShortOnMarket AND close = LowestLow THEN
  EXITSHORT AT MARKET
  ENDIF

   

  ---

  (close) keyword gave me the closing price of candle , while I want the current price to compare it with the value of highest and lowest.

  which keyword should I use instead?

  

  shabib

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  09/09/2024 at 4:11 PM #237403
  JC_Bywan

  Hi,

  if you want to consider values of highest HIGH and lowest LOW, not the highest close and lowest close, then you should first replace:

  HighestHigh = highest[15](close)
  LowestLow = lowest[15](close)

  by:

  HighestHigh = highest[15](high)
  LowestLow = lowest[15](low)

  and take it from there to further debug the overall code if needed

   

  

  JC_Bywan

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  09/09/2024 at 4:32 PM #237410
  robertogozzi

  @shabib

  Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums.

  Thanks 🙂

  I merged your questions from the forum https://www.prorealcode.com/topic/how-do-you-define-the-current-price-in-pro-order/.

  

  robertogozzi

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  09/09/2024 at 5:16 PM #237419
  shabib

  @ robertogozzi

  Thank you. I’m new in this forum. Its lesson learns for me 🙂

  @ JC_Bywan Thank you my dear

  When I’m using the below it shown for me NO DATA.

  HighestHigh = highest[15](high)
  LowestLow = lowest[15](low)

  

  shabib

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  09/09/2024 at 6:17 PM #237423
  JC_Bywan

  Ok, now that the first issue is fixed, which was in fact about defining highesthigh and lowestlow, you can move on to a second issue: you talked about the “last 15 hours” (this would include the latest one), but what you want is the previous 15 hours not including the latest one (the one just closed when strategy code is read, before next one not started yet), so as long as you define them in lines earlier than when they are used, you want to offset them by 1 candle to the left:

  HighestHigh = highest[15](high)[1]
  LowestLow = lowest[15](low)[1]

  Because if you don’t, your subsequent “if…then…” statements defining order conditions, including “…AND close= LowestLow then”, “…AND close = HighestHigh THEN” would only be true when that latest candle closes itself on the highest high or the lowest low, which would be rare (hence high probability of no data). With this offset of 1 candle, you make sure your compare that latest close with a highest high and lowest low built from the candles preceding it, not including it.

  Then, process repeated of running again to check still bugging or not, until no bug vs result expected.

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  09/10/2024 at 9:42 AM #237442
  robertogozzi

  shabib wrote:

  When I’m using the below it shown for me NO DATA.
  HighestHigh = highest[15](high)
  LowestLow = lowest[15](low)

  it can’t show any data because you are uysing

  AND close = LowestLow AND close = HighestHigh

  1 2	AND close = LowestLow AND close = HighestHigh

  as it’s almost impossible that a price is EQUAL to another price ina different moment. It may happens, if ever, once in a couple of decades!

  Replace “=” by “>=” and “<=”, or use pending orders to enter at the exact price:

  // Conditions to enter long positions // enter long position after 4pm , and if the current price equal to lowestlow IF NOT LongOnMarket AND Time > endtime AND Time < lasttime THEN IF close > LowestLow THEN BUY 1 CONTRACTS AT LowestLow LIMIT ELSIF close < LowestLow THEN BUY 1 CONTRACTS AT LowestLow STOP ELSE BUY 1 CONTRACTS AT Market ENDIF ENDIF // Conditions to exit long positions If LongOnMarket AND close >= HighestHigh THEN SELL AT MARKET ENDIF // Conditions to enter short positions // enter shortposition after 4pm , and if the current price equal to highesthigh IF NOT ShortOnMarket AND Time > endtime AND Time < lasttime THEN IF close > HighestHigh THEN SELLSHORT 1 CONTRACTS AT HighestHigh STOP ELSIF close < HighestHigh THEN SELLSHORT 1 CONTRACTS AT HighestHigh LIMIT ELSE SELLSHORT 1 CONTRACTS AT Market ENDIF ENDIF // Conditions to exit short positions IF ShortOnMarket AND close <= LowestLow THEN EXITSHORT AT MARKET ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

  // Conditions to enter long positions // enter long position after 4pm , and if the current price equal to lowestlow IF NOT LongOnMarket AND Time > endtime AND Time < lasttime THEN    IF close > LowestLow THEN       BUY 1 CONTRACTS AT LowestLow  LIMIT    ELSIF close < LowestLow THEN       BUY 1 CONTRACTS AT LowestLow  STOP    ELSE       BUY 1 CONTRACTS AT Market    ENDIF ENDIF   // Conditions to exit long positions If LongOnMarket AND close >= HighestHigh THEN    SELL AT MARKET ENDIF   // Conditions to enter short positions // enter shortposition after 4pm , and if the current price equal to highesthigh IF NOT ShortOnMarket AND Time > endtime AND Time < lasttime THEN    IF close > HighestHigh THEN       SELLSHORT 1 CONTRACTS AT HighestHigh STOP    ELSIF close < HighestHigh THEN       SELLSHORT 1 CONTRACTS AT HighestHigh LIMIT    ELSE       SELLSHORT 1 CONTRACTS AT Market    ENDIF ENDIF   // Conditions to exit short positions IF ShortOnMarket AND close <= LowestLow THEN    EXITSHORT AT MARKET ENDIF

   

   

   

  

  robertogozzi

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  09/14/2024 at 6:01 PM #237579
  shabib

  Thank you so much, your support is highly appreciated

  

  shabib

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