Hurst Dominancy Envelope

Optuma Scripting
1

Hello,
I’ve added a script to my watchlist to scan for breaches of the Hurst Dominancy Envelope on the daily, weekly and monthly. But is there a way to scan/script for intraday? For example, 4-hour, 1-hour, 15 min, etc?
Thank you!
Jeff

2

[postquote quote=70053]
Sorry, nevermind.

3

My apologies again. I thought I had it figured out but my watchlist is giving incorrect True and False alerts.

The default setting of DOMENV will not let me select minutes, only higher time frames so I used the following script in order to scan for when price extends beyond the lower band on the 1 hour chart:

LOW()<DOMENV(Minute(PERIODAMOUNT=60), DEFAULT=LOWERBAND)

Again, getting incorrect results so obviously something is wrong here. Could someone please point out the error?

Thanks!

Jeff

4

Hi Jeff,

Just a note: if you reply to an old thread that we thought was resolved, no one in our office will get notified unless they subscribed.

The issue with your script is that you are comparing daily Low with intraday envelope. Better to set the time frame at the start of the script.

d1 = MINUTE(PERIODAMOUNT=60);
LOW(d1) < DOMENV(d1, DEFAULT=LOWERBAND)

Hope that helps

Mathew