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I can't believe this is so hard to find, but I'm looking for a thinkscript that will show me poor highs and lows when they occur in the current session, either RTH or Overnight. Anybody have something that does this?
FYI, poor high being defined as a high that is not at least 2 ticks higher than the previous high on 30 minute candles. Poor low is the converse.
Anybody got something on this?
I'm tired of banging my head against the wall.
THANK YOU!
Can you help answer these questions from other members on NexusFi?
This would be an advanced thinkscript which is why you’re not easily finding it. You’re dealing with defining the high/low, time aggregate, and then price within a variable of those two. It can be done but it’s many lines of script. I suggest you ask one the folks in the thinkscript lounge on the TOS platform.
I've taken a shot at a poor high low script, based on your description and my basic understanding of the concept. I created a plus/minus band around the daily high and lows and kept count each time it tagged it on the day. Poor low/highs are marked for any point where the counts are greater than 1, and reset at the specified time. I've set the reset time to 6pm est. Drop this study onto a 30min chart.
NOTE: This is obviously a work in progress, so do your own testing and use caution.
So here's a funny ... I'm trying to build a poor high/low script in Sierra Chart and struggling with it. So I have this great idea - I'll look for a TOS script and translate it. So I search google and find this thread. Then I see that I started this thread and received a response. Thank you Jay! And then to my thorough embarrassment, I realize that I promised to come back with a review the the work that Jay did. And I failed to do so. From three years ago! Nice manners there, MrMitch.
I modified it to my needs - here is the updated version.
I should make note that this doesn't actually the work the way I'd expect and thus I've not been using it. But I wanted to extend thanks all the same.
def insideHighBand = high >= highLowerBand && high <= highUpperBand;
def insideLowBand = low >= lowLowerBand && low <= lowUpperBand;
def highCount = if StartTime then 0 else if insideHighBand then highCount[1] + 1 else highCount[1];
AddChartBubble(insideHighBand && highCount > 1, high, "Poor High at : " +highUpperBand, Color.YELLOW, yes);
def lowCount = if StartTime then 0 else if insideLowBand then lowCount[1] + 1 else lowCount[1];
AddChartBubble(insideLowBand && lowCount > 1, low, "Poor Low at : " + lowLowerBand, Color.YELLOW, No);
