DAILY HI LO LINES

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werner
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DAILY HI LO LINES

Postby werner » Tue Oct 13, 2009 1:52 pm

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 ;

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werner
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I FORGOT TOO POST A CHART EXAMPLE

Postby werner » Tue Oct 13, 2009 2:01 pm


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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 13, 2009 2:50 pm

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.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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forrestang
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Postby forrestang » Thu Oct 15, 2009 3:14 am

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?

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pablo101
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Postby pablo101 » Thu Oct 15, 2009 4:38 am

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 :smt119
Attachments
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What line? The line that tells you which way you are trading! - MO

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rrobin
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Postby rrobin » Thu Oct 15, 2009 10:57 am

Look For

_DailyOpenPrevClose

in TS Motherloads

werner
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Postby werner » Thu Oct 15, 2009 1:12 pm

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

werner
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Postby werner » Thu Oct 15, 2009 1:19 pm

rrobin thanks

PINKPANTHER5
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Postby PINKPANTHER5 » Thu Oct 15, 2009 1:27 pm

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

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foreman01
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Postby foreman01 » Thu Oct 15, 2009 1:37 pm

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.

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