I am looking for a Tradestation programmer who will write a code for two indicators to draw 2 horizontal lines on the high and low values of a user defined opening range + 2 more horizontal lines derived from a calculation using a user defined average range.
The code used will be shared with me and will not be encrypted or protected.
User Inputs:
Start Time
End Time
A Value
ATR Period
The first indicator will be called “weekly opening range”.
The indicator will first define the high and low values of the range of prices between the inputted start time and end time on the first trading day of the week being Monday and plot two lines one being for the high of this period and one for the low of this period.
It will then take the current average range (Daily High - Daily Low) over the user specified period and multiply this by the user defined A Value to create a value which will be added to the highest price of the recorded range and a horizontal line plotted at this level. It will now take the user specified A value and multiply this by the current average range (Daily High - Daily Low) over the user specified period and subtract this from the lower price of the recorded range and plot this level.
In total we should have 4 lines plotted of the levels formed from the above calculations.
These plots will be able to be displayed on all timeframes below daily and should be able to be viewed historically. The four lines will be displayed from the start of the week to the end of the week.
The second indicator will be called “monthly opening range”.
The next indicator will be practically the same as above however this indicator will first define the high and low values of the range of prices between the inputted start time and end time on the first trading day of the month and then plot lines from the high and low of this period.
It will then take the current average range (Daily High - Daily Low) over the user specified period and multiply this by the user defined A Value to create a value which will be added to the highest price of the recorded range and a horizontal line plotted at this level. It will now take the user specified A value and multiply this by the current average range (Daily High - Daily Low) over the user specified period and subtract this from the lower price of the recorded range and plot this level.
With the second indicator we will again have 4 lines plotted and these lines will be plotted from the start of the month until the end of the month.
Hello,
I can create 2 indicators according to your description. I'm going to do this project similar to previously made "Opening Range Indicator".
Best regards,
Alexander