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Nikhil,
You're correct the code is not working correctly. Try the following instead.
For 30 minutes:
X:= input("X",0,390,0);
L30:= If(Cum(1)<X, C, If(DayOfWeek() <> Ref(DayOfWeek(),-1), L, If(Hour() =10 AND Minute() <25,
Min(PREV,L), If(Hour() >15, C, PREV))));
H30:= If(Cum(1)<X, C, If(DayOfWeek() <> Ref(DayOfWeek(),-1),H ,If(Hour() =10 AND Minute() <25,
Max(PREV,H), If(Hour() >15, C, PREV))));
L30;
H30;
For 60 minutes:
X:= input("X",0,390,0);
L60:= If(Cum(1)<X, C, If(DayOfWeek() <> Ref(DayOfWeek(),-1), L, If(Hour() =10 AND Minute() <55,
Min(PREV,L), If(Hour() >15, C, PREV))));
H60:= If(Cum(1)<X, C, If(DayOfWeek() <> Ref(DayOfWeek(),-1), H, If(Hour() =10 AND Minute() <55,
Max(PREV,H), If(Hour() >15, C, PREV))));
L60;
H60;
I added the "If(Hour() >15, C," statement and the indicator seems to work. You can change the hour number (15) to suit your market. Also it just occurred to me that if you ever have a shortened trading day like our markets closing at 12 on days before a holiday that this indicator would probably not act correctly.
Pete
To: equismetastock@xxxxxxxxxxxxxxx
From: mahiya001@xxxxxxxxx
Date: Sat, 13 Jun 2009 17:38:54 +0530
Subject: RE: [EquisMetaStock Group] metastock coding help
hi pete,
thnks for ur reply on my query
i m working on S & P CNX nifty (india) which starts @ 9.55 in morning.
but this indicator is not working fine, actually it shouls draw a stright line from
1 - high of first 30 min of day
2 - low of first 30 min of the day
and these two lines ( high & low) should remain straight through out the day.
code supplied by you properly catches the high and low point ( to draw a line ) but this line should be straight for whole day. My observation is that most of the time this 30 min high and low acts as the support / resistance, so if the line is deviating from the high / low points then the premise behind line does not holds correct.
nikhil
--- On Sat, 13/6/09, Pete Lieber <plieber@xxxxxxxxxxxnet> wrote:
From: Pete Lieber <plieber@xxxxxxxxxxxnet>
Subject: RE: [EquisMetaStock Group] metastock coding help
To: "EquisMetastock" <equismetastock@yahoogroups..com>
Date: Saturday, 13 June, 2009, 9:27 AM
Try this, it should work:
H30:= IF(DAYOFWEEK( ) <> REF(DAYOFWEEK( ),-1), H, IF(HOUR() <= 1000, MAX(H,PREV), PREV));
L30:= IF(DAYOFWEEK( ) <> REF(DAYOFWEEK( ),-1), L, IF(HOUR() <= 1000, MIN(L,PREV), PREV));
H30;
L30;
Your first hour High and Low code doesn't look right. See if this works. I can't see why not. If it doesn't let me know and I'll have to add another "IF" statement
H60:= IF(DAYOFWEEK( ) <> REF(DAYOFWEEK( ),-1), H, IF(HOUR() = 1000 AND MINUTE() <=30, MAX(H,PREV), PREV));
L60:= IF(DAYOFWEEK( ) <> REF(DAYOFWEEK( ),-1), L, IF(HOUR() = 1000 AND MINUTE() <=30, MIN(L,PREV), PREV));
H60;
L60;
Note: you didn't say what market you want this code was for. The above code assumes the market opens at 930. If the market you follow opens at a different hour let me know.
Pete
To: equismetastock@ yahoogroups. com From: mahiya001@xxxxxx com Date: Fri, 12 Jun 2009 09:50:24 +0530 Subject: [EquisMetaStock Group] metastock coding help
hi the following coding gives the high and low values of the first hour of the day.
can u please give me code for hoe to code it for first 30 minutes of the day
H1st:=ValueWhen( 1,Hour()* 100+Minute( )=1000,H) ;
L1st:=ValueWhen( 1,Hour()* 100+Minute( )=1000,L) ;
H1st;
L1st;
Regards
Nikhil
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