hi,
i should know this but can't figure it out at
this moment.
I am working on daytrade systems (1 minute
timeframe) and want to include a constraint not to buy for the first
hour IF there is a gap up.
I have 3 times:
startTime = 153000;
endTime =
220000;
gapUpTime = 163000;
the gap I calculate at the first bar of the day
as follows:
closePrice = IIf(TimeNum() ==
endTime,C,0);
startPrice = IIf(TimeNum() ==
startTime,O,0);
deltaPrice = startPrice -
Ref(closePrice,-1);
deltaPerc = deltaPrice /
IIf(Ref(closePrice,-1),Ref(closePrice,-1),1) * 100;
now deltaPerc is an array containing the
percentage change at the first bar of the day with respect to the last bar of
the previous day (assuming all bars contain data).
If deltaPerc > 0.5 I only want to allow buying
after gapUpTime. How can it be done?
thx, Ed