|
PureBytes Links
Trading Reference Links
|
hello
I had attempted to code the Opening Range Breakout (ORB) concept for
intraday trading.Which demands specific conditions as follows,
1) The opening 5 min range of stock should be higher than the
average of past 10 days opening 5 minutes range.
2) To enter a trade, the strech(value of open minus low or high ,
whichever occured 1st) value is added to high of 1st minutes high or
substracted from 1st minutes low, depending upon whether stocked
opened and moved up or down w r to previous close.
I have tried to put the best I know , but when I add filter R>AvgR ,
the exploration runs without ant results , else it shows bizzre
values.
Can any one please hepl me put on right track.This exploration is to
run on the trading day after 5 minutes of opening.
//Code Start
// Avg 5Minutes range
Var1=TimeFrameGetPrice("H",in5Minute,0,expandFirst);//highest value
in 1st 5 minutes of the day
Var2=TimeFrameGetPrice("L",in5Minute,0,expandFirst);//lowest value
in 1st 5 minutes of the day
R=Var1-Var2;//1st 5 minute range
TimeFrameSet(inDaily);
AvgR=MA(R,-10);//Avg 5 minutes range in last 10 days
TimeFrameRestore();
// Calculating strech- it calculates the first most occured high or
low from open
TimeFrameSet(in1Minute);
IIf(BarsSince(H)<BarsSince(L),strech=abs(O-H),strech=abs(O-L));
TimeFrameRestore();
TimeFrameSet(in1Minute);
BuyNumber=H+strech;//1st min high + strech
SellNumber=L-strech;//1st min Low - strech
TimeFrameRestore();
Filter=GroupID()==1 AND R>AvgR ;
AddColumn(BuyNumber,"Buy Value",1.2);
AddColumn(SellNumber,"Sell Value",1.2);
AddColumn(R,"1st 5 Min Range",1.2);
AddColumn(AvgR,"Avg 5Min range",1.2);
AddColumn(ATR(5),"Daily Range",1.2);
AddColumn(strech,"strech",1.2);
//Code End
Regards
------------------------ Yahoo! Groups Sponsor --------------------~-->
Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar.
Now with Pop-Up Blocker. Get it for free!
http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/GHeqlB/TM
--------------------------------------------------------------------~->
Check AmiBroker web page at:
http://www.amibroker.com/
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|