Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 4/30/2005(UTC)
Posts: 112
|
Dear all,
I would like to draw two lines - the high and low for the first 5 trading days' (a variable, i.e. it can be changed when plugging in) high and low for the rest of month on a daily chart.
For example in Jan 2006, the first 5 trading days are 3 Jan, 4 Jan, 5 Jan, 6 Jan and 9 Jan. Draw two lines based on the high and low of these 5 trading days for Jan in a daily chart.
How can I do that??
Gary
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
|
Being only the 4th/5th of January so far, you will need to wait until the 6th & 9th of January to find the highest/lowest of the first 5 days in Jan.
Until then, try this chart indicator:
[code:1:39954c8600]
pds:=Input("Lookback periods",1,2600,5);
limit:=
ValueWhen(1,Cum(1)=LastValue(Cum(1))-pds+1,1);
Hi:=LastValue(HHV(H,pds))*limit;
Lo:=LastValue(LLV(L,pds))*limit;
Hi;Lo;
[/code:1:39954c8600]
jose '-)
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 4/30/2005(UTC)
Posts: 112
|
Jose wrote:Being only the 4th/5th of January so far, you will need to wait until the 6th & 9th of January to find the highest/lowest of the first 5 days in Jan.
Until then, try this chart indicator:
[code:1:6888597503]
pds:=Input("Lookback periods",1,2600,5);
limit:=
ValueWhen(1,Cum(1)=LastValue(Cum(1))-pds+1,1);
Hi:=LastValue(HHV(H,pds))*limit;
Lo:=LastValue(LLV(L,pds))*limit;
Hi;Lo;
[/code:1:6888597503]
jose '-)
Hi Jose,
I will try this ..
Does this code work for the other 11 months? I want it to show the respective 5-day high / low in each month....
Gar
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
|
The code above only plots the high/low of the last 5 bars.
Try this indicator instead:
[code:1:403928e108]
=========================
Month's variable High/Low
=========================
---8<--------------------------
{©Copyright 2006 Jose Silva.
For personal use only.
http://www.metastocktools.com }
{ User input }
pds:=Input("Use High/Low of first x periods in month",1,31,5);
{ New month signal }
NuMonth:=Month()<>Ref(Month(),-1) OR Cum(1)=2;
{ Restrict High/Low to first x periods }
period:=BarsSince(NuMonth)<=pds;
{ High/Low }
hi:=ValueWhen(1,period,HighestSince(1,NuMonth,H));
lo:=ValueWhen(1,period,LowestSince(1,NuMonth,L));
{ Plot on price chart }
hi; { Blue }
lo; { Red }
---8<--------------------------
[/code:1:403928e108]
Keep in mind these two points:
1) MetaStock can only draw continuous (uninterrupted) plots;
2) New highs/lows can only be plotted as they happen, and not in retrospect.
jose '-)
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 4/30/2005(UTC)
Posts: 112
|
Thanks Jose,
It seems working on the daily chart...
Will that work on the intraday chart with the same concept?
Gary
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
|
Gary, the "Month's variable High/Low" indicator will work on any chart from monthly to intraday periodicity.
If by "same concept" you mean "first 5 bars in intraday chart, then replace:
{ New month signal }
NuMonth:=Month()<>Ref(Month(),-1) OR Cum(1)=2;
for:
{ New day signal }
NuMonth:=DayOfMonth()<>Ref(DayOfMonth(),-1) OR Cum(1)=2;
jose '-)
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 4/30/2005(UTC)
Posts: 112
|
Hi Jose,
Sorry that I have not made it clear. Same concept means first 5-day for the month also for the intraday chart...
How can I amend the code?
Thanks!
Gary
Jose wrote:Gary, the "Month's variable High/Low" indicator will work on any chart from monthly to intraday periodicity.
If by "same concept" you mean "first 5 bars in intraday chart, then replace:
{ New month signal }
NuMonth:=Month()<>Ref(Month(),-1) OR Cum(1)=2;
for:
{ New day signal }
NuMonth:=DayOfMonth()<>Ref(DayOfMonth(),-1) OR Cum(1)=2;
jose '-)[/quote
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
|
That's all I can offer for now, Gary. If no one else can help, then it's time to recruit some professional help. ;)
jose '-)
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 4/30/2005(UTC)
Posts: 112
|
Well, thanks Jose! thanks for your help in developing the code..... =D>
Would there be anyone who can help me finishing the other part of the code... appreciate for your help!
:D
Gary
Jose wrote:That's all I offer for now, Gary. If no one else can help, then it's time recruit some professional help. ;)
jose '-)[/quote
|
|
|
|
|
|
| Users browsing this topic |
|
Guest (Hidden)
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
