Last Hour Indicator - Wealth Lab Forum

zorgnak

#1

11/20/2009 12:10 PM

According to Rennie Yang the "Last Hour Indicator" has a good record of tracking "smart money".
Anyone care to code it?
The formula is (today’s close – today’s 3pm price) – (today’s 10:30am price – Yesterday’s close). The premise of the indicator is that the smart money trades late in the day, so you can discern what they’re up to by comparing the market’s performance in the first and last hour of each day and charting that on a cumulative basis.

Eugene

#2

11/20/2009 12:33 PM

Sounds pretty simple, have you already tried coding it? How do you deal with the price at the 10:30am or 3pm bar missing?

Eugene

#3

11/20/2009 2:46 PM

For what it's worth:

CODE:
Please log in to see this code.

It's up to you to verify/test/debug.

zorgnak

#4

11/20/2009 3:02 PM

Thanks Eugene

Eugene

#5

11/20/2009 3:14 PM

You're welcome.

Eugene

#6

1/3/2010 5:02 AM

Indicator added to Community.Indicators 2010.01.

topbooks

#7

3/8/2019 5:51 PM

Thank you for creating LastHour.
I try to apply a Tech Indicator on it, it did not work, seems although it is object of Bars, but only has one value per bar, do not have open/close/volume,

I was thinking to create a "full version" of LastHour, which has all feature of daily bar (or 30 minutes bar), bud do not know how. My knowledge still is limited.

Below is my problem: it errors out CS1502 CS1503 at red line:

CODE:
Please log in to see this code.

Size:

Color:

Thank you for creating LastHour.
I try to apply a Tech Indicator on it, it did not work, seems although it is object of Bars, but only has one value per bar, do not have open/close/volume,

I was thinking to create a "full version" of LastHour, which has all feature of daily bar (or 30 minutes bar), bud do not know how. My knowledge still is limited.

Below is my problem: it errors out CS1502 CS1503 at red line:

[code] using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using TASCIndicators;

namespace WealthLab.Strategies
{
	public class MyStrategy : WealthScript
	{
		protected override void Execute()
		{
			if( !Bars.IsIntraday )
				return;
         
			DataSeries LastHour = new DataSeries( Bars, "LastHour" );
DataSeries TechInd =  MidasLower.Series(LastHour,10,10);
			DataSeries TechInd2 = MidasUpper.Series(Bars,10,10);  //sells
			double am = 0; double pm = 0;
			double tc = 0; double yc = 0;
         
			for(int bar = 1; bar < Bars.Count; bar++)
			{
				if( Bars.IntradayBarNumber( bar ) == 0 )
					yc = Close[bar-1];
            
				if( GetTime( bar ) == 1030 )
					am = Close[bar];
				if( GetTime( bar ) == 1500 )
					pm = Close[bar];

if( Bars.IsLastBarOfDay( bar ) )
				{
					tc = Close[bar];
					LastHour[bar] = ( tc - pm ) - ( am - yc );
				}
				else
					LastHour[bar] = LastHour[bar-1];
				
				//below added by Zhu ------------------------------------------------------------------------
				DataSeries rsi2 =RSI.Series(Close,2);
				
				double rate=LastHour[bar]/Close[bar];
				if (rate>0.025
					&& rsi2[bar]< 20 // 9
				) {
				//	PrintDebug(rate.ToString ());
					BuyAtMarket(bar+1,"");
				}
				if (rate< -0.03
					&& rsi2[bar]> 80 // 90
				) {
				//	PrintDebug(rate.ToString ());
					ShortAtMarket(bar+1,"");
				}
			}
         
			ChartPane paneLH = CreatePane(70,true,true);
			PlotSeries(paneLH,LastHour,Color.Blue,LineStyle.Histogram , 2);
	        
		}
         
		public int GetTime(int bar)
		{
			return Date[bar].Hour * 100 + Date[bar].Minute;
		}
	}
}
[/code]

Eugene

#8

3/8/2019 6:46 PM

What do you get when you cross a hedgehog with a giraffe?

The wrong syntax is not the biggest problem (although it is). LastHour is LastHour and Midas is Midas. Both are self-contained, standalone indicators. You cannot apply Midas to LastHour and vice versa. It just doesn't make any sense.