Combination of PDH and PDL with IBH and IBL

AFL Programming
1

Hi guys,
I have to implement a simple system.
I have to generate signal for IB break when market opens beyond the yesterday range.
I have implemented the IBH, IBL, PDH, PDL values.

_SECTION_BEGIN("IB High Low");
tn = TimeNum();

// define start/end hours in TimeNum format
StartTime = 091500;
Endtime = 100000;

// these conditions are true when TimeNum of the bar equals startime/endtime
StartBar = tn == StartTime;
EndBar = tn == Endtime;

// on the end bar we read the value of highest high or lowest low since the start bar
IBH = ValueWhen( EndBar, HighestSince( StartBar, High ) );
IBL = ValueWhen( EndBar, LowestSince( StartBar, Low ) );

PDH = TimeFrameGetPrice("H",inDaily,-1);
PDL = TimeFrameGetPrice("L",inDaily,-1);
CDO = ValueWhen(Day()!=Ref(Day(),-1),O);  /*current day open. All values are successfully captured till here. */

Openn = IIf( ( CDO > PDH OR CDO < PDL) , 1, 0 );
{
GfxTextOut( "Openn : " + Openn, 10,120);
}

/*Signal generation part below*/

Buy = Cross(H,IBH);  
Sell = Cross(IBL,L);

Short = Sell;
Cover = Buy;

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
Cover=ExRem(Cover,Sell);
Sell=ExRem(Sell,Cover);

PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); 
PlotShapes(IIf(Short, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Short, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);                      
PlotShapes(IIf(Short, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);

Filter = Buy OR Sell;

_SECTION_END();

I have to generate a signal when current day IBH or IBH breaks only when current day open is beyond yesterday's range.
i.e. values used will be IBH, IBL, CDO, PDH and PDL.

I know it is very simple but I am not getting the function to combine this condition.
Kind support is much appreciated.
Thank you for the cooperation.

-Nandkishor

2

@Spectra,

Posting questions now requires that you have registered your forum ID on the AmiBroker site. This will give you a special badge.

Please search "verified badge" and follow the steps.

As a hopefully helpful hint to your problem...

Cond1 =  Cross(H,IBH);
Cond2 = CDO > PDH;
Buy =  Cond1 and Cond2;
3

Hi Spectra,
Thanks for the help.
I have tried this but it is showing multiple BUY, SELL signals and signal at start of the day.

image
image370×592 2.1 KB

How to remove multiple BUY, SELLS.
What function has to be used if I have to close the trade at 14:30.

I am using following -

Buy = Cross(H,IBH) AND CDO > PDH;  
Sell = Cross(IBL,L) AND CDO < PDL;


Short = Sell;
Cover = Buy;

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
Cover = ExRem(Cover,Short);
Short = ExRem(Short,Cover);


PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);                      
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);

Filter = Buy OR Sell;

Thanks a lot once again for the help.

4

@Spectra, please do the "verified badge" search and follow those steps first.

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