RealBodyCloseQuarter

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Description

This function identifies a price that is one quarter of the range and closest to the close. This price depends on the session:

 

 

On a black bar, the bottom quarter is given, and on a white bar, the top quarter is given.

 

 

Formula

RealBodyCloseQuarter(instrument, targetBar)=begin

  pOpen = GetPrice($1, BATE_OPEN, targetBar, 0)

  pClose = GetPrice($1, BATE_CLOSE, targetBar, 0)

  nvSub = Abs(Diff(pOpen, pClose)) / 4

  if BlackBody($1, targetBar) == TRUE then retval = pClose + nvSub else retval = pClose - nvSub

end

 

 

Parameters

instrument

An instrument.

 

targetBar

The index of the bar you want to evaluate. 0 is the current bar, 1 is the first bar back, etc.

 

 

Return Value

The quarter between the mid-point and the close.

 

 

Examples

...

  cQtr = RealBodyCloseQuarter($1, (targetBar + 1))

...

 

 

Comments

NA

 

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