MultiCharts: Trading Software for Automated Trading and Backtesting

Hi:
I need help with this:

I am using 5min intra data; want to calculate val22 below;

Close is the close of this bar;

Lowest(close, daynum) is the lowest DAILY close, same logic for Highest

but these functions return the lowest and highest over intra bars, NOt daily bars

how can I get lowest and highest daily closes ?

Val22 = ( ( Close - Lowest(Close, daynum) )/
(Highest(Close, daynum) - Lowest(Close, daynum) ) )

thanks

Deo

deobisnath, what you are describing can be achieved in a number of ways by writing an indicator but this lies in the sphere of custom programming and is done for a fee.

Since my programming skills are rather limited, I always have to find workaround for things like that. What I would do, which is most likely not the most efficient way, is as follow:

Add a daily chart as well of the same symbol to your workspace so that you have a 5 minute and daily chart. If you don't care to see the daily chart, make the bars invisible.
Then change your code as follows:

Val22 = ( ( Close - Lowest(Close of data2, daynum) )/
(Highest(Close of data2, daynum) - Lowest(Close of data2, daynum) ) );

Make sure 5 minute chart is data1 and your daily chart is data2.

I am sure there are better ways of doing this though.

Regards
- Fanus

Deo,

a simple way would just be to track the highest/lowest close as the day progresses and store the values inside a variable.
Now you can use the two variables for your calculations.

Best regards,

ABC

Deo,

a simple way would just be to track the highest/lowest close as the day progresses and store the values inside a variable.

Code: Select all

Variables:
HiClose(-999999),
LoClose(+999999);

If Date <> Date[1] then begin {reset the variables on date change}

HiClose = -999999;
LoClose = +999999;

end;

If BarStatus(1) = 2 then begin {to ensure you only get the close of the bar}
If Close > HiClose then HiClose = Close;
If Close < LoClose then LoClose = Close;
end;

Now you can use the two variables for your calculations.

Best regards,

ABC

Hi ABC

I could be wrong, but the example you provided will keep track of the intraday high/low, but from what I understood, Deo want to keep track of the High/Low of the last N days and reference them in the intraday chart..

Regards
- Fanus

Fanus,

you are correct, the example will give you only the highest/lowest Close of the current day. If Deo wants to compare values of N days back, he simply has to store the values in an array (or List, Map etc) on date change to make them available for comparison.

Best regards,

ABC

deobisnath, what you are describing can be achieved in a number of ways by writing an indicator but this lies in the sphere of custom programming and is done for a fee.

Can you refer me to these custom programmers? I am interested in hiring one to write a few functions that were written in C++ for Linux platform (g++)

Thanks

I coded a function to do return the highest daily close; your comments? suggestions etc


Inputs: numberdays(numericsimple) ;

Variables: highval(-1);

For value1 = 1 To numberdays
Begin
If HighD(value1) > highval Then
highval = HighD(value1);
End;

HighestD = highval;