TS EasyLanguage: How do you plot trendline based on Open/Close

Discussion in 'Trading Software' started by blueantz, Jun 24, 2014.

  1. blueantz

    blueantz

    Hello,

    The logic for this has stumped me for over a week. Would greatly appreciate anyone's insights.

    I would like to create a indicator to plot a trendline based on the open/close of each candle instead of the low/high using TradeStation EasyLanguage.

    More specifically, let's say I'm using 3 minute time chart.
    -1- I'd like to input a value to use for the number of bars to use in the calculation. For example, If I use a value of "5", it will use the first 5 candles to plot my support/resistance trend lines.
    -2- I'd like to use the highest open of a candle out of the 5 candles for the resistance trendline --> (TL_high)
    -3- I'd like to use the lowest close of a candle out of the 5 candles for the support trendline --> (TL_low)
    -4- I'd like to plot a median trendline as well using the average of the resistance and support trendline --> (TL_high + TL_low)/2
    -5- beginTime value input parameter (ex. 930 for 9:30am, 1400 for 2:00pm)
    -6- endTime will be based on input value of #1 in this list

    I'm a newbie to EasyLanguage and looking for someone to point me in the right direction.

    Thanks
     
  2. Murray Ruggiero

    Murray Ruggiero Sponsor