Daily High-Low compared to Last-Hour Daily High-Low

[RuleOneTrading]

I'm trying to get the (High-Low) of the current day, then use that number to divide the High-Low of the last hour. This will give me a relative percentage of the current hour's range vs the range of the day so I can stop seeing stocks that are barely moving relatively to the earlier movements of the day, since the ATR and APTR are terribly useless on a minute chart when scanning for relative current ranges.

The script would essentially be: (But I'm not sure how to define Today as the length since open

#Custom ATR -

input Length = 60;
input CustomATRpercent = 20;
Input Start = 0930;
Input End = 1400;

def Today =
def TodaysLowerBand = Lowest(low[1], Today);
def TodaysUpperBand = Highest(high[1], Today);
def CurrentLowerBand = Lowest(low[1], Length);
def CurrentUpperBand = Highest(high[1], Length);
def CurrentRange = (CurrentUpperBand-CurrentLowerBand);
def TodaysRange = (TodaysUpperBand-TodaysLowerBand);


plot RangeRatio = (CustomATRPercent <= (CurrentRange/TodaysRange));

 

[SleepyZ]

I'm trying to get the (High-Low) of the current day, then use that number to divide the High-Low of the last hour. This will give me a relative percentage of the current hour's range vs the range of the day so I can stop seeing stocks that are barely moving relatively to the earlier movements of the day, since the ATR and APTR are terribly useless on a minute chart when scanning for relative current ranges.

The script would essentially be: (But I'm not sure how to define Today as the length since open

#Custom ATR -

input Length = 60;
input CustomATRpercent = 20;
Input Start = 0930;
Input End = 1400;

def Today =
def TodaysLowerBand = Lowest(low[1], Today);
def TodaysUpperBand = Highest(high[1], Today);
def CurrentLowerBand = Lowest(low[1], Length);
def CurrentUpperBand = Highest(high[1], Length);
def CurrentRange = (CurrentUpperBand-CurrentLowerBand);
def TodaysRange = (TodaysUpperBand-TodaysLowerBand);


plot RangeRatio = (CustomATRPercent <= (CurrentRange/TodaysRange));

The image displays some testing information and the code was moved to the lower panel to see when the plot is 1/0 (true/false).

input Length = 60;
input CustomATRpercent = 20;
input Start = 0930;
input End = 1400;

def Today = SecondsFromTime(Start) >= 0 and SecondsFromTime(End) <= 0;

def todaycount = if Today[1] == 0 and Today then 1 else if Today then todaycount[1] + 1 else todaycount[1];

def TodaysLowerBand = if Today[1] == 0 and Today
                      then low
                      else if Today
                      then Min(low, TodaysLowerBand[1])
                      else TodaysLowerBand[1];
def TodaysUpperBand = if Today[1] == 0 and Today
                      then high
                      else if Today
                      then Max(high, TodaysUpperBand[1])
                      else TodaysUpperBand[1];
def CurrentLowerBand = Lowest(low[1], Length);
def CurrentUpperBand = Highest(high[1], Length);
def CurrentRange = (CurrentUpperBand - CurrentLowerBand);
def TodaysRange = (TodaysUpperBand - TodaysLowerBand);


plot RangeRatio = (CustomATRpercent/100 <= (CurrentRange / TodaysRange));

#Testing
input test = yes;
addlabel(test and todaycount < 61, "todays count must be greater than or equal to 60");
AddLabel(test, todaycount + " " + TodaysLowerBand + " " + TodaysUpperBand + " " + CurrentLowerBand + " " + CurrentUpperBand + " " + (CurrentRange / TodaysRange) + " " + RangeRatio);

 

[RuleOneTrading]

The image displays some testing information and the code was moved to the lower panel to see when the plot is 1/0 (true/false).

....wow... I cannot believe that you took time out of your day to help me fix my script AND ALSO write up a whole entire study to let me test what I'm looking for, whereas I usually test it by running the scan and checking each chart manually to see if I like what I see. Thank you sooo much!