Any way of reseting a indicator each session (intraday)

Automeq · Postby **Automeq** » 12 Oct 2015

If I have a 1 minute chart with Parabolic SAR (or any other), can I reset the indicator at the begging of each session ?

I'm asking this because if I only use Regular Trading Hours and there is a gap (which is usual), the indicator values are meaningless. I would prefer to reset it and force the indicator to calculate starting from nothing.

Henry MultiСharts · Postby **Henry MultiСharts** » 15 Oct 2015

Hello Automeq,

In order to differentiate between the sessions you can use SessionLastBar - Returns a logical value indicating whether the current bar is the last bar of the session; returns a value of True if the current bar is the last bar of the session, and a value of False if the current bar is not the last bar of the session.

Automeq · Postby **Automeq** » 16 Oct 2015

Thanks Henry but I don't see how this can be used to reset the indicator.

If I have a chart of 1 minute and a simple moving average of 14 periods, Multicharts waits 14 bars to compute the moving average.

I would like this to happen every day which means that if a new day starts now, the moving average 14 period will have to wait 14 minutes to be calculated for the first time today. What happens in the previous day (or session) should be 'forgotten'.

I'm not sure if this is possible.

Henry MultiСharts · Postby **Henry MultiСharts** » 21 Oct 2015

I would like this to happen every day which means that if a new day starts now, the moving average 14 period will have to wait 14 minutes to be calculated for the first time today. What happens in the previous day (or session) should be 'forgotten'.

Hello Automeq,

Please find the adjusted code below:

Code: Select all

inputs:  Price( Close ), Length( 14 ), Displace( 0 ) ;

variables:  var0( 0 ), var1(0), PriceModif(0), Counter(0);



value1 = 0;

For Counter=0 To Length Begin

if date<>date[Counter] then begin value1=Counter; break; end;

End;

	

var0 = Average( c, Length ) ; //requires simple function instead of series

if value1>0 and value1<Length then var0 = 0;



condition1 = Displace >= 0 or CurrentBar > AbsValue( Displace ) ;

if condition1 then 

	begin

	Plot1[Displace]( var0, "Avg" ) ;



	                  

	if Displace <= 0 then 

		begin

		condition1 = Price crosses over var0 ;

		if condition1 then

			Alert( "Price crossing over average" ) 

		else 

		begin 

		condition1 =	Price crosses under var0 ;

		if condition1 then

			Alert( "Price crossing under average" ) ;

		end ;

		end;

	end ;

If you want to calculate the average on bars inside Length period after daily reset - change the corresponding line above to the following:

Code: Select all

if value1>0 and value1<Length then var0=Average( c, value1) ;

Any way of reseting a indicator each session (intraday)

Any way of reseting a indicator each session (intraday)

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Re: Any way of reseting a indicator each session (intraday)

Re: Any way of reseting a indicator each session (intraday)