cristian.d

CD_Average Daily Range Zones- highs and lows of the day

Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
//CD
//Average Daily Range Levels - 10 day

study(title="CD_Average Daily Range Zones", shorttitle="CD_Daily High/Low Zones V01", overlay=true) 


//dayHigh=security(tickerid, 'D', high[1]) 
OPEN=security(tickerid, 'D', open) 

//ADR L
dayrange=(high - low)

r1 = security(tickerid, 'D', dayrange[1]) 
r2 = security(tickerid, 'D', dayrange[2]) 
r3 = security(tickerid, 'D', dayrange[3]) 
r4= security(tickerid, 'D', dayrange[4])
r5= security(tickerid, 'D', dayrange[5])
r6 = security(tickerid, 'D', dayrange[6]) 
r7 = security(tickerid, 'D', dayrange[7]) 
r8 = security(tickerid, 'D', dayrange[8]) 
r9= security(tickerid, 'D', dayrange[9])
r10= security(tickerid, 'D', dayrange[10])





adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10
adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9
adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8
adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7
adr_6 = (r1+r2+r3+r4+r5+r6) /6
adr_5 = (r1+r2+r3+r4+r5) /5
adr_4 = (r1+r2+r3+r4) /4
adr_3 = (r1+r2+r3) /3
adr_2= (r1+r2)/2
adr_1 = r1




//plot 
adrhigh10=plot((OPEN+(adr_10/2)) , title="ADR High10",style=circles,color=red,linewidth=2) 
adrlow10=plot((OPEN-(adr_10/2)), title="ADR LOW10",style=circles, color=green,linewidth=2)
//adrhigh9=plot((OPEN+(adr_9/2)) , title="ADR High9",style=circles,color=red,linewidth=2) 
//adrlow9=plot((OPEN-(adr_9/2)), title="ADR LOW9",style=circles, color=green,linewidth=2)
//adrhigh8=plot((OPEN+(adr_8/2)) , title="ADR High8",style=circles,color=red,linewidth=2) 
//adrlow8=plot((OPEN-(adr_8/2)), title="ADR LOW8",style=circles, color=green,linewidth=2)
//adrhigh7=plot((OPEN+(adr_7/2)) , title="ADR High7",style=circles,color=red,linewidth=2) 
//adrlow7=plot((OPEN-(adr_7/2)), title="ADR LOW7",style=circles, color=green,linewidth=2)
//adrhigh6=plot((OPEN+(adr_6/2)) , title="ADR High6",style=circles,color=red,linewidth=2) 
//adrlow6=plot((OPEN-(adr_6/2)), title="ADR LOW6",style=circles, color=green,linewidth=2)
adrhigh5=plot((OPEN+(adr_5/2)) , title="ADR High5",style=circles,color=red,linewidth=2) 
adrlow5=plot((OPEN-(adr_5/2)), title="ADR LOW5",style=circles, color=green,linewidth=2)
//adrhigh4=plot((OPEN+(adr_4/2)) , title="ADR High4",style=circles,color=red,linewidth=2) 
//adrlow4=plot((OPEN-(adr_4/2)), title="ADR LOW4",style=circles, color=green,linewidth=2)
//adrhigh3=plot((OPEN+(adr_3/2)) , title="ADR High3",style=circles,color=red,linewidth=2) 
//adrlow3=plot((OPEN-(adr_3/2)), title="ADR LOW3",style=circles, color=green,linewidth=2)
//adrhigh2=plot((OPEN+(adr_2/2)) , title="ADR High2",style=circles,color=red,linewidth=2) 
//adrlow2=plot((OPEN-(adr_2/2)), title="ADR LOW2",style=circles, color=green,linewidth=2)
//adrhigh1=plot((OPEN+(adr_1/2)) , title="ADR High1",style=circles,color=red,linewidth=2) 
//adrlow1=plot((OPEN-(adr_1/2)), title="ADR LOW1",style=circles, color=green,linewidth=2)



fill(adrlow10,adrlow5,color=lime)
fill(adrhigh10,adrhigh5,color=maroon)
//fill(adrlow2,adrlow9,color=lime)
//fill(adrhigh2,adrhigh9,color=maroon)
//fill(adrlow3,adrlow8,color=lime)
//fill(adrhigh3,adrhigh8,color=maroon)
//fill(adrlow4,adrlow7,color=lime)
//fill(adrhigh4,adrhigh7,color=maroon)
//fill(adrlow6,adrlow2,color=lime)
//fill(adrhigh6,adrhigh2,color=maroon)
It it possible to get this made for MT4?
+1 응답
Will it be modified in 12-hour increments? Thank you
+1 응답
@cristian.d I have to say, I've had this script on my chart now for the last 4+ weeks, and probably 75% (or even more) or the days, those highs/lows are perfect buy/sell points. I have been using on S&P 500 (SPX).

Question - If the index gaps up more than normal for example 5 points on S&P, does the script take that gap into account for the current day that I'm trading? Or would you recommend taking more caution with the ranges that the script gives, if the morning gap isn't your typical morning gap?

I haven't tracked whether it's more or less accurate on "gap days", but just wondering.

Now the only thing I need to know is which zone is it heading for first in the morning :-)
응답
stockspy stockspy
@cristian.d also for days when it breaks out above or below a range, very often it comes right back down to that range after it's done breaking out, to either test it again or even close at the range.
응답
cristian.d stockspy
@stockspy, it takes the open into account so I guess the gap as well; when it breaks above I tend to let it go for the day or use some support/resistance levels to time any entry
응답
stockspy cristian.d
@cristian.d, Great, thanks. It seems to work quite often. I am just guessing, 75% of the time it seems to work :-). Here's example of today.

Thanks again!
응답
cristian.d stockspy
@stockspy, I am glad it's helping you! If this indicator which is based on averages works on an instrument, then must be an ETF like SPX because these are more news free and the machines are working full throtle :) GL
응답
stockspy cristian.d
@cristian.d, EXACTLY!!! It's like a pure algorithm machine. Knowing what levels the algos "kick in" is trick. The number of times that I have seen this script perfectly predict those points is very high. High enough for me to not mind too much on times when it's not so precise. I also track SPY side by side, and notice they will sometimes each sometimes "take turns" hitting the range levels. Haven't determined which is more accurate, but I believe SPX is probably the one to ultimately follow.

Any other scripts that are made for an algorithm index like SPX? Ha, jk. Thanks again. Crazy how accurate this is.
응답
stockspy cristian.d
@cristian.d, Will check out your others :-)
응답
Hallo Cristian how are you? Can l please have this CD_Average Daily Range Zones- highs and lows of the day indicator in mt4 format please
응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 도움 받기 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 도움 받기 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃