DAILY HI LO LINES

[werner]

HI TRO :
I FOUND THIS INDICATOR FROM YOU IN TRADESTATION FORUM,PLEASE IS IT POSIBLE TOO SEE PREVIOUS DAILY HI LOW LINES IN A INTARDAY CHART?

THANKS IN REGARDS,

WERNER





[LegacyColorValue = true];

{ This indicator is for use with daily charts and
inserts 2 horizontal trendlines for each week, at the
high and low of the previous week, respectively. For
the current week, the trendlines are extended to the
right. }

inputs:
iDecimals(2),
Displace_Label( 0 ),

HighColor( Yellow ),
LowColor( Cyan ) ;

variables:


textTop(0),
textBottom(0),

HavePrevLines( false ),
TLHigh( 0 ),
TLLow( 0 ),
WeekHigh( 0 ),
WeekLow( 1000000 ),
PrevWeekHigh( 0 ),
PrevWeekLow( 0 ) ;

if DayOfWeek( Date ) < DayOfWeek( Date[1] ) then
{ ie, if new week }
begin

{ truncate the previous lines if they exist }
if HavePrevLines then
begin
TL_SetEnd( TLHigh, Date[1], Time[1],
PrevWeekHigh ) ;
TL_SetEnd( TLLow, Date[1], Time[1],
PrevWeekLow ) ;
TL_SetExtRight( TLHigh, false ) ;
TL_SetExtRight( TLLow, false ) ;
end ;

{ insert the new hi/lo lines and set their colors/
extents }
TLHigh = TL_New( Date[1], Time[1], WeekHigh,
Date, Time, WeekHigh ) ;
TLLow = TL_New( Date[1], Time[1], WeekLow,
Date, Time, WeekLow ) ;
TL_SetColor( TLHigh, HighColor ) ;
TL_SetColor( TLLow, LowColor ) ;
TL_SetExtLeft( TLHigh, false ) ;
TL_SetExtLeft( TLLow,false ) ;
TL_SetExtRight( TLHigh, true ) ;
TL_SetExtRight( TLLow, true ) ;



textTop = Text_New(Date, (CurrentTime + Displace_Label) ,WeekHigh,"Wk Hi ("+ NumToStr(WeekHigh, iDecimals )+")");
Text_SetStyle(textTop, 1, 1 );
Text_SetColor(textTop, HighColor );

textBottom = Text_New(Date, (CurrentTime + Displace_Label) ,WeekLow ,"Wk Lo ("+ NumToStr(WeekLow , iDecimals )+")");
Text_SetStyle(textBottom, 1, 1 );
Text_SetColor(textBottom, LowColor );


{ re-initialize hi/lo variables }
PrevWeekHigh = WeekHigh ;
PrevWeekLow = WeekLow ;
WeekHigh = High ;
WeekLow = Low ;


{ set flag }
if HavePrevLines = false then
HavePrevLines = true ;
end
else
{ if new hi/lo for week, save values }
begin
if High > WeekHigh then
WeekHigh = High ;
if Low < WeekLow then
WeekLow = Low ;
end ;

[werner]

[TheRumpledOne]

I am sure somewhere in the TradeStation Motherlodes there is a daily high/low indicator.

You can use TRO_PLOT to plot the daily high and daily low. You will have to change the inputs.

[forrestang]

Is there anything that plots the Highs and Lows of EACH DAY?

That would show the highs and lows of each day as you look back over several days, that move and adjust with price?

[pablo101]

Maybe off topic from original posters question but I've a question which is in the same category.

I switched over MT4 datafeed for charts from Alpari to MBT but seems like start times are different between both. Therefore it seems like my daily highs are lows are all different levels

Both look great but any suggestions of which broker feed I should stick with? I can never get a satifactory answer for this but I do want to be on the same page as everyone

[rrobin]

Look For

_DailyOpenPrevClose

in TS Motherloads

[werner]

Thanks TRO........tro_plot works fine

[werner]

rrobin thanks

[PINKPANTHER5]

What are good ways to trade the daily highs and lows. I always wanted to know how people use them. They really only indicate the past

[foreman01]

Well Pink,

1) DTB-Rat is based exclusively on reversals off the daily high and low

2) Asian box is not exactly daily, but it is based on breakouts above the high and low of the Asian session.