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[amibroker] Re: Opening Range Lines



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Marshall,

Did you make sure that you have the "deTime" plugin loaded from the
3rd Party software on the AB site??? Dont forget the dll's have to be
loaded into the software (Tool-->Plugins-->LOAD.  I have gone over the
code and it is workign fine on my machine.  Send me your code so i can
have a look if this does not help.

--- In amibroker@xxxxxxxxxxxxxxx, "m.smith" <ink@xxxx> wrote:
> Alex , Thanks for the Code, but I get an error saying
"variable'lowval'used
> without having been initialized" . I have tried several changes, but no
> change. Will you take a look? I am using 4.70.5.  Thanks, Marshall
>  
> -------Original Message-------
>  
> From: Alex Dolaptchiev
> Date: 05/12/05 14:52:48
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Opening Range Lines
>  
> Here is the code for Opening Range Bars with thanks to Graham and
> Anthony Faragasso for their input.  You will need the "deTime.dll"
> from the third party plugins section as Anthony mentioned earlier. I
> have set it up so that you can change the colors and the time range to
> make it easier to switch between stocks and futures.
>  
> How to use:
> The bars will form strong supp/resis levels. In times of chop they
> create a nice trading range for quick in/out positions.  If the market
> breaks below the low bar chances are it will remain there and vice
> versa on the high side.  However, they also indicate breakout
> possibilities.  If you have broken below the low but have started to
> move up through it into the middle section you need to be very
> cautious of short positions.  Usually, this indicates a sentiment
> shift to the upside. If this continues through the high bar you will
> very likely see an aggressive upside move within the day. You should
> GET IN on this move because they usually indicate panic. Exit using
> something like a WoodiesCCI extreme top. STOCHS WILL NOT work cause
> they will already have entered overbought territory and will likely
> remain there for a while. The same holds true to the downside.
>  
> //Opening Range Lines
> StartTime=ParamTime("start", "08:00", 0);
> EndTime=ParamTime("end", "08:15", 0);
> HighVal=deTimeRangeHHV(H, StartTime, EndTime);
> Lowval=deTimeRangeLLV(L, StartTime, EndTime);
>  
> Plot(IIf(TimeNum()<StartTime,Null,Highval),
> WriteVal((EndTime-StartTime)/100, 1)+"min
> High", paramcolor("HighColor", colorRed), styleLine);
>
Plot(IIf(TimeNum()<StartTime,Null,Lowval),WriteVal((EndTime-StartTime)/100
> 1)+"min
> Low",paramcolor("HighLow", colorblue),styleline);
>  
>  
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