first open price with respect to the initial balance

[shakib3585]

Hello All,

I have been researching to find the "initial balance" for an entire trading session and determine if the type is "small", "medium," or "wide". I finally gathered a code, which I attached in the code section. The only drawback is that it won't be able to determine the type beyond a regular trading session. If you find a solution to determine the type of "initial balance" beyond the regular trading session, then please feel free to post it here.

Thanks

def firstBarNumber = if GetDay() <> GetDay()[1] then BarNumber() else firstBarNumber[1];

 

#First Bar Info

def high1 = if BarNumber() == firstBarNumber then high(period = aggregationPeriod.thirtY_MIN) else high1[1];

def low1 = if BarNumber() == firstBarNumber then low(period = aggregationPeriod.thirTY_MIN) else low1[1];


#Second Bar Info

def high2 = if BarNumber() == firstBarNumber+1 then high(period = aggregationPeriod.thirtY_MIN) else high2[1];

def low2 = if BarNumber() == firstBarNumber+1 then low(period = aggregationPeriod.thirTY_MIN) else low2[1];

def hi = if high1>=high2 then high1 else high2;
def lo = if low1<=low2 then low1 else low2;

def rangebar = hi - lo;

input length = 10;
input averageType = AverageType.Simple;

def ATR1 = MovingAverage(averageType, TrueRange(high(period=aggregationPeriod.DAY)[1], close(period=aggregationPeriod.DAY)[1], low(period=aggregationPeriod.DAY)[1]), length);


def a = 1.2*ATR1;

def b = ATR1/3;

AddLabel(yes, if rangeBar<b then "IB.Range.type : SMALL" else if rangeBar>a then "IB.Range.type: WIDE "else if isNaN(ATR1)==1 then "IB.Range.type : N/A" else  "IB.Range.type: MEDIUM " , color.CYAN);

 

[shakib3585]

Hello,

I have attached a scan code that finds the open of the very first bar and compares its position with respect to the initial balance. The code works great, except I see the laptop was working really hard to run the scan. I was wondering if anyone generous could modify this code to make it easier to run. The scan is based on a

def firstBarNumber = if GetDay() <> GetDay()[1] then BarNumber() else firstBarNumber[1];

def open1 = if BarNumber() == firstBarNumber then open else open1[1];


def high1 = if BarNumber() == firstBarNumber then high else high1[1];

def low1 = if BarNumber() == firstBarNumber then low else low1[1];


def high2 = if BarNumber() == firstBarNumber+1 then high else high2[1];

def low2 = if BarNumber() == firstBarNumber+1 then low else low2[1];

def hi = if high1>=high2 then high1 else high2;
def lo = if low1<=low2 then low1 else low2;

def mrangebar = (hi - lo)/2;

def op = hi - mrangebar;

plot scan = open1<=op;

30 minute aggregation.

Thanks