20 day new high/low  [SOLVED]

Hi, I've been searching a way to find the 20 day high/low and I was only partially able to find the one I thought.

The problem here is that if, on the upcoming days the bulls take over and keep breaking new highs, I will have a chain reaction of alerts coming off.

So, in order to prevent that I'd like to put a TIME GAP, between new highs and new lows.
For instance, I want to make the indicator to alert only if 20day high/low is reached AND there was a time gap of AT LEAST 1 month between the previous high/low.
Can someone help me how to put the time gap?
if there are no time gap, is there any other way I can make that happen?

two more questions:
is there a way to exit/close my open positions at a specified time? like at 3pm.
I could only find : setexitonclose.

lastly, is there a way to set a limit order NOT on close,at market, but rather something like previous 20day high/low?



Thanks.

What is your chart resolution?

Daily chart?
5 min chart?

I use 5min chart the most.

For analyzing the 20-day high, low, etc. your best bet is likely to insert a second instrument on your chart (data2) and make that a daily chart of whatever market you're following. This will make it MUCH easier to calculate highest high, lowest low, etc.

Next, check out the PowerLanguage functions called HIGHESTBAR and LOWESTBAR - this will enable you to determine the number of bars between highest highs or lowest lows.

As for exiting at a specific time, yes, you can do that - just use the TIME function. i.e., IF TIME = 1500 THEN SELL THIS BAR ON CLOSE. Note that if your chart does NOT show a bar with a time of 1500, you will not place an order (I would continue to use the setexitonclose as a protective measure).

As for limits, yes, there is: BUY NEXT BAR AT LOWEST(LOW of data2,20) LIMIT;

... where data2 is your daily data and 20 is your lookback period, for example.

check out the following functions, they are in your PowerLanguage Editor.

HighD
LowD
HighW
LowW
HighM
LowM

The problem here is that if, on the upcoming days the bulls take over and keep breaking new highs, I will have a chain reaction of alerts coming off.

Wiki: Once per bar alert.