Price in script

[Rams]

Hi,

would like to code the following
PRICE crossover price-level (e.g. previous breakout level).
THe challenge is i dont want to use close – but the market price. Because close of the bar is too late. would like to capture when the price moves a certain level. if I use the High – the new day is not yet printed, so that wont reflect.
I could use some short EMA – may be
or could go lower in timeframe.
Is ther any straight forward way!

Thanks

[Darren]

Hi Rams,

For realtime charts think of CLOSE() as the latest market price, not the close of the day. So CLOSE() CrossesAbove MA(Bars=5) will signal whenever the current price crosses above the MA.

[Rams]

Hi Darren,

thank you. But i am using EoD price.
So next day morning – when market price crosses say High of EoD ( from yesterday). I would like to enter.
that market price is what i would like to pick.
If i say close crosses above – it has to wait the whole day, but i want to broker executes when the high of yesterday is crossed ( last availavle EOD price)

Thanks

[Darren]

OK thanks. Will this work? If today’s high is greater than yesterday’s, use yesterday’s high price, else 0 (or any other value):

H1=HIGH(); IF(H1>H1[1],H1[1],0);

1 2 3 4

H1=HIGH(); IF(H1>H1[1],H1[1],0);

1 user thanked author for this post.

Hedgehog

[Rams]

Hi Darren,

Not sure of this. Would the same objective not acheieved by High() > High()[1] as above

Primary objective is to pick the crossover of “Market price” above a breakout price.

struggle is represent the moving market price.

Thanks

[Mathew]

Would the same objective not acheieved by High() > High()[1] as above

Yes, but what Darren has done is more efficient. In the case of a “High” function, it is not a big deal, but with other functions (eg Like Optex()) it makes a huge difference. By using variables the calculation is only done once.

struggle is represent the moving market price.

Always create scripts in steps and check on a chart that it is doing what you expect. Add Darren’s script to a Show Plot tool and see if it is the level you want. Then you can always update it to

H1=HIGH(); C1 = IF(H1>H1[1],H1[1],0); Close() CrossesAbove C1

1 2 3 4 5

H1=HIGH(); C1 = IF(H1>H1[1],H1[1],0); Close() CrossesAbove C1

All the best

Mathew

1 user thanked author for this post.

Hedgehog

[Author]

Posts