Support Board
Date/Time: Tue, 26 Nov 2024 19:43:27 +0000
Calculating the Range of High/Low based on Time period - BUT Bodies Only
View Count: 521
| [2023-10-24 18:26:42] |
| raheemrazzak - Posts: 41 |
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Is there a way to use the H/L for Time period Study (Or any other Study) To calculate the H/L based on Time period just for bodies. H can be O or C of the Candle based on what is Higher, and same thing for L, it can be O or C based on what is lower. Thank You
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| [2023-10-24 19:58:24] |
| User61168 - Posts: 403 |
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try this... 1) two EMA(1) studies... one using open price and another using closing price. 2) Feed these two EMAs into two High/Low of Time Period studies via "Based on" inputs. Hide the two EMAs |
| [2023-10-24 22:39:14] |
| Sawtooth - Posts: 4120 |
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Try this: Add the Spreadsheet Formula (Bar) study, and use these formulas: Open Formula: =MAX(O,C) High Formula: =MAX(O,C) Low Formula: =MIN(O,C) Close Formula:=MIN(O,C) Hide this study. In the High/Low for Time Period study, set its 'Based On' to the above Spreadsheet Formula (Bar) study. |
| [2023-10-24 23:09:13] |
| raheemrazzak - Posts: 41 |
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Thanks @Sawtooth, that worked, appreciate your help!! Thank You User61168.. |
| [2023-10-25 01:42:15] |
| User61168 - Posts: 403 |
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Great idea Tom. Never used the formula bar study so I learnt something new today! Could this technique be used to capture high and low of net equity (realized+floating profit/loss)Across the daily (single bar) RTH session? I question whether values would remain “persistent” if I apply changes to the study collection. I have been in search of a solution to capture true daily equity peak and equity low. whichever way I have tried gets wipe clean upon chart or fills reload or changes to studies.same problem with per trade MAE and MFE calculations. |
| [2023-10-25 02:01:52] |
| Sawtooth - Posts: 4120 |
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The Spreadsheet Formula (Bar) study is meant to create OHLC bars from formulas. It might work on a 'daily bar', but you'd have to do it on its own chart. |
| [2023-10-25 03:45:13] |
| User61168 - Posts: 403 |
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I will try it out. I use chart type of Price Changes per bar to simulate a intraday RTH session candle so this technique might work but only it OHLC values maintain persistence. What I mean by this is to run my strategy in replay model using whatever chart type I normally use, generate all the order fills in a sim account. Then I switch the chart type to Price changes per bar to generate a daily candle and then display daily peak/valley equity values. Final step would be to export into Excel to get "true" equity peaks/valleys and ignore the two columns generated in trade activity log. Edit: Thinking further and if this solution works, I could create a continuous barchart of account equity from a start date with daily OHLC along with daily MAE/MFE/maxdd/maxrunup etc values and access those directly in the strategy to generate a smoother equity curve :-) unfortunately, this means I would need a second chart and do the funky business of chart overlays. Anyways, thanks for the tip ! Date Time Of Last Edit: 2023-10-25 03:51:38
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