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Help with determining time elapsed since an indicator reading

  • #1
  • First Post: Edited 2:21am Mar 28, 2015 1:57am | Edited 2:21am
Hello All,

I am using an indicator (CCI) and would like to look back over the previous 10 periods (bars on chart) and determine when its highest value occured.

In other words, look back and check the indicator value for each of the previous 10 periods and then return how many bars have occurred since its highest value over this 10 look back period.

Initially I was going to try the iHighest function but apparently this can only reference the chart not an indicator.

I have written this so far ( which covers the last 5 periods/bars only) but it is far from elegant.

cciMax=MathMax(iCCI(NULL,0,50,PRICE_CLOSE,5),MathMax(iCCI(NULL,0,50,PRICE_CLOSE,4),MathMax(iCCI(NULL,0,50,PRICE_CLOSE,3),MathMax(iCCI(NULL,0,50,PRICE_CLOSE,1),iCCI(NULL,0,50,PRICE_CLOSE,2)))));

Any help welcome,

Chorlton
  • #2
  • Mar 28, 2015 2:45am Mar 28, 2015 2:45am
You can do a loop checking the previous X CCI values ... Each step of the loop, compare the value with the previous highest/lowest CCI points. If its a new highest/lowest, save the point where you are in the loop ... and so on until the end of the loop (ie. 10 candles if you want to check the last 10).

You will have 4 infos : the highest point value and its position back ... the lowest point and its position back.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Mar 28, 2015 2:48am Mar 28, 2015 2:48am
Inserted Code
  int lookback_bars=10;
  double CCI_array[];
  ArrayResize(CCI_array,lookback_bars);
  
  for(int x=0;x<lookback_bars;x++)
     {
     CCI_array[x]=iCCI(NULL,0,50,PRICE_CLOSE,x+1);     
     }
  
  int index=ArrayMaximum(CCI_array,WHOLE_ARRAY,0);
  Print("Highest CCI is ",DoubleToStr(CCI_array[index],4)," Bar Number ",index+1);

This will return the highest from the last 10 closed bars (or whatever value is given to lookback_bars).
Note that the current bar is 0.
Please Do Not PM Me With Coding Enquiries
  • #4
  • Mar 28, 2015 4:56am Mar 28, 2015 4:56am
Quoting Gumrai
int lookback_bars=10; double CCI_array[]; ArrayResize(CCI_array,lookback_bars); for(int x=0;x<lookback_bars;x++) { CCI_array[x]=iCCI(NULL,0,50,PRICE_CLOSE,x+1); } int index=ArrayMaximum(CCI_array,WHOLE_ARRAY,0); Print("Highest CCI is ",DoubleToStr(CCI_array[index],4)," Bar Number ",index+1); This will return the highest from the last 10 closed bars (or whatever value is given to lookback_bars). Note that the current bar is 0.
Nice one
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Mar 28, 2015 5:33am Mar 28, 2015 5:33am
Quoting FerruFx
{quote} Nice one
Thank you FerruFx
Please Do Not PM Me With Coding Enquiries
  • #6
  • Mar 28, 2015 8:24am Mar 28, 2015 8:24am
Quoting Gumrai
{quote} Thank you FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #7
  • Last Post: Mar 29, 2015 1:35am Mar 29, 2015 1:35am
Hi FerruFX and Gumrai,

A big thank you to both of you for your help and advice.... Being new to programming sometimes I'm not sure which is the best approach....

Happy Trading guys

Chorlton
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