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Q: Thank you for building the DYO Candle body vs. True Range. I have another request. Would it be possible to build a DYO that would identify NR7 bars? I know it is available in the Donchain Channel Study; however I am unable to use it in an alert. The NR7 marker would be much more flexible if it was in a DYO. Thanks Howard for all your tireless work.
A: This is a solution using a DYO.
Lines A through F find the ranges of the 6 prior bars and stores these range values in consecutive Global Variables [1]..[6]. Line G finds the smallest value in this set of 6 values and stores this smallest value in GV[7]. Line H compares the smallest value with the current bar's Range, and marks the current bar with the chevron marker when its range is smaller.
Last modified 8/8/08 11:41 AM |
