Opening Range

[Mr.Flo 10]

Hey guys,

 

I am working on an indicator in Tradestation which should show whether the last price is above/below the opening range (9:30 to 10:30). The indicator has to work on a 2min timeframe (radarscreen) since I am also measuring the price against some moving averages on the that timeframe.

 

I was thinking of starting to store the (new) high and low from 9:30 to 10:30 and the print it at 10:30 so that it wont change after 10:30 but somehow the function for now always returns the LAST2min bar high/low.

 

Basically I want to check the price at any time after 10:30 against the high/low of the first 60min of the day but cant use 60min timeframe due to the other indicators running on the 2min timeframe.

 

Not sure how to fix it. Maybe you have an idea, I post the code below.

 

Thanks!

 

 

vars: myhigh(0), mylow(0), abovebelowOR(0);

 

 

If Time =0932 then

Begin

myhigh=High;

end;

 

If high>myhigh then

Begin

myhigh=high;

end;

 

If time=1030 then

Begin

print(myhigh:0:2);

end;

 

plot1(myhigh,"H",green,black);

 

If Time =0932 then

Begin

mylow=low;

end;

 

If low>mylow then

Begin

mylow=low;

end;

 

If time=1030 then

Begin

print(mylow:0:2);

end;

 

plot2(mylow,"L",red,black);

 

If Time>1030

And last>myhigh then

Begin

abovebelowOR=1;

plot3(abovebelowOR,"AB",black,green);

End;

 

If Time>1030

And last<mylow then

Begin

abovebelowOR=-1;

plot3(abovebelowOR,"AB",black,red);

End;

 

If Time>1030

And last<myhigh

And last>mylow Then

Begin

abovebelowOR=0;

plot3(abovebelowOR,"AB",black,white);

end;

[Tams 20]

Hey guys,

 

I am working on an indicator in Tradestation which should show whether the last price is above/below the opening range (9:30 to 10:30). The indicator has to work on a 2min timeframe (radarscreen) since I am also measuring the price against some moving averages on the that timeframe.

 

I was thinking of starting to store the (new) high and low from 9:30 to 10:30 and the print it at 10:30 so that it wont change after 10:30 but somehow the function for now always returns the LAST2min bar high/low.

 

Basically I want to check the price at any time after 10:30 against the high/low of the first 60min of the day but cant use 60min timeframe due to the other indicators running on the 2min timeframe.

 

Not sure how to fix it. Maybe you have an idea, I post the code below.

 

Thanks!

 

 

vars: myhigh(0), mylow(0), abovebelowOR(0);

 

 

If Time =0932 then

Begin

myhigh=High;

end;

 

If high>myhigh then

Begin

myhigh=high;

end;

 

If time=1030 then

Begin

print(myhigh:0:2);

end;

 

plot1(myhigh,"H",green,black);

 

If Time =0932 then

Begin

mylow=low;

end;

 

If low>mylow then

Begin

mylow=low;

end;

 

If time=1030 then

Begin

print(mylow:0:2);

end;

 

plot2(mylow,"L",red,black);

 

If Time>1030

And last>myhigh then

Begin

abovebelowOR=1;

plot3(abovebelowOR,"AB",black,green);

End;

 

If Time>1030

And last<mylow then

Begin

abovebelowOR=-1;

plot3(abovebelowOR,"AB",black,red);

End;

 

If Time>1030

And last<myhigh

And last>mylow Then

Begin

abovebelowOR=0;

plot3(abovebelowOR,"AB",black,white);

end;

What seems to be the problem?

[Mr.Flo 10]

The problem is that the function does not return the high/low of the opening range (9:30-10:30).

 

Instead it shows:

1) the high/low of the current bar (should be opening range 9:30-10:30 high/low)

2) returns the high/low of current bar no matter if prior bars had higher highs/lower lows (should return the highest high + lowest low during the first 60min)

 

Thanks

[onesmith 10]

Time set to cme exchange. You should probably edit 830 and 930 (to 930 and 1030 for your purposes). I'm aware you're using this on a 2m interval but you should stick with the time specified (plus or minus n hours rather than something like 0932).

 

var: myH(0), myL(0);

if t>830 and t<=930 then begin
   if t[1]<=830 or t[1]>930 then begin
       myH=H;  myL=L;
   end else begin
       myH=maxlist(myH,H);  myL=minlist(myL,L);
   end;
end;

plot1(myH,"myH",green,black);
plot2(myL,"myL",red,black);

if c>myH then plot3(1,"orb",black,green) else if c<myL then plot3(-1,"orb",black,red) else plot3(0,"orb",black,white);