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30 Minute Bars, easy Language, Multicharts


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30 Minute Bars, easy Language, Multicharts

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  #1 (permalink)
 jimfini 
Sydney NSW
 
Experience: Intermediate
Platform: Multicharts
Trading: AUD/USD
Posts: 5 since Sep 2010
Thanks Given: 5
Thanks Received: 4

Hello Everyone.
New to Multicharts and easy Language Trade the ASX in Australia. Was wondering if some one could assist me with some easy Language code.

Basically would like to be able to have a horizontal line on the first 30 minute bar high and 30 minute bar low which i could then go down to a 5 minute time frame and the horizontal lines would still be there based on the first 30 minute bar high and 30 minute bar low. Any assistance appreciated..
Thanks

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 Big Mike 
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Thinking outloud, coding outloud, not tested...

 
Code
                            
input:

 
CutOffTime (0830);  // the time of day to stop looking for new H/L

vars:
 
myHigh (0),
 
myLow (0);

if 
date <> date[1then begin

  myHigh 
H;
  
myLow L;

end;

if 
time <= CutOffTime  then begin

  
if myHigh then myHigh H;
  if 
myLow then myLow L;

end;

Plot1(myHigh"myHigh");
Plot2(myLow"myLow"); 
Mike

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  #4 (permalink)
 jimfini 
Sydney NSW
 
Experience: Intermediate
Platform: Multicharts
Trading: AUD/USD
Posts: 5 since Sep 2010
Thanks Given: 5
Thanks Received: 4

Dear All
Mike was kind enough to code the indicator above- thanks. The indicator above highlights the High and Low of the first 30,20 etc minute bar depending the time you place in the input.
I have been trading the 30 minute bar for some time now with some success and wish to turn it into a trading system and automate some of it if possible. If anyone can help with this would be fantastic my Easylanguage has improved but limited at this stage.

Requirements.
Radar screen/Real time market scanner that: Long: Goes Green when the High of the second 30 minute bar closes above the first 30 minute bar.
Radar screen/Real time market scanner that: Short: Goes Red when the Low of the second 30 minute bar closes below the first 30 minute bar


Automation Entry Rules:
Long:
If High of second 30 Minute closes above the high of the first 30 minute bar then enter at Market, Stop is placed on low of first 30 minute bar.
Short:
If low of second 30 minute bar Closes below the low of the first 30 minute bar then enter at Market, Stop is placed on the high of the first 30 minute bar.
Thanks.

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 TheTrend 
Paris, France
 
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Don't know how to manage the market scanner, hope this piece of code will help you:

 
Code
                            
Var: SL(0),NbContract(0);


If 
marketposition =0 then begin

    
If close High[1then begin
        buy 
("Long"NbContract contract next bar at market;
        
SL Low[1];
    
end;

    If 
close Low[1then begin 
        sellshort
("short"NbContract contract next bar at market;
        
SL high[1];
    
end;

end;

if 
marketposition 1 then Sell ("Long SL"NbContract shares next bar at SL stop;
if 
marketposition = -1 then buytocover("Short SL"NbContract shares next bar at SL stop

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  #6 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,193 since Apr 2010


jimfini View Post
Dear All
Mike was kind enough to code the indicator above- thanks. The indicator above highlights the High and Low of the first 30,20 etc minute bar depending the time you place in the input.
I have been trading the 30 minute bar for some time now with some success and wish to turn it into a trading system and automate some of it if possible. If anyone can help with this would be fantastic my Easylanguage has improved but limited at this stage.

Requirements.
Radar screen/Real time market scanner that: Long: Goes Green when the High of the second 30 minute bar closes above the first 30 minute bar.
Radar screen/Real time market scanner that: Short: Goes Red when the Low of the second 30 minute bar closes below the first 30 minute bar


Automation Entry Rules:
Long:
If High of second 30 Minute closes above the high of the first 30 minute bar then enter at Market, Stop is placed on low of first 30 minute bar.
Short:
If low of second 30 minute bar Closes below the low of the first 30 minute bar then enter at Market, Stop is placed on the high of the first 30 minute bar.
Thanks.


I don't know how the ASX behaves, but I hope you back and forward test this rigorously before you trade it live. You might also try to optimize your time period, 30 minutes might not be the way to go.... And you might want to add in some other filters...

But the opening range can be very useful, I will say that much...

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