RS_TrueExtremes (Function)

image\trumpet2.gif Disclaimer

This function has been designed for use with intraday charts only, and *must* be called in conjunction with the RS_DailyDataArray function. The RS_DailyDataArray function extracts daily data from intraday data and makes it available to subsequently called functions like RS_TrueExtremes that use that daily data.

This function outputs the highest true-high/lowest true-low prices as well as the average true range of the most recent NumDays, not including the current day.

Usage

Value2 = RS_TrueExtremes(NumDays, DataArray, Index, oPrevTrHighest, oPrevTrLowest, oPrevATR);

Returns (Integer)

This function has a dummy return of 1. All the useful information is passed back to the caller via the output parameters. For more information see Multiple Output Functions.

Parameters

Name

Type

Description

NumDays

Numeric

(Input) The number of days to be used in the function calculation. The most recent NumDays, not including the current day, will be used. NumDays should be <= MaxNumDays (see DataArray parameter below).

DataArray

NumericArray

(Input) The array that contains the daily data to be used. This is an output of the RS_DailyDataArray function, and in input to the RS_TrueExtremes function. (Note: The calling routine must declare the size of this array as 12-by-MaxNumDays, with MaxNumDays >= NumDays.)

Index

Numeric

(Input) The number of the DataArray column in which the data for the current day is being loaded. This is an output of the RS_DailyDataArray function, and an input to the RS_TrueExtremes function.

oPrevTrHighest

Numeric

(Output) The highest true-high of the previous NumDays (i.e., not including the current day.)

oPrevTrLowest

Numeric

(Output) The lowest true-low of the previous NumDays (i.e., not including the current day.)

oPrevATR

Numeric

(Output) The average true range for the previous NumDays (i.e., not including the current day.)

Remarks

This approach is intended primarily for use with RadarScreen indicators, where only one datastream can be used; in charting, similar calculations can be performed more easily using a multi-data approach.

Example

inputs: NumDays( 3 ) ;

variables: Index( 0 ), oPrevTrHighest( 0 ), oPrevTrLowest( 0 ), oPrevATR( 0 ) ;

arrays: DataArray[ 12, 100 ]( 0 ), SubArray[3]( 0 ) ;

Value1 = RS_DailyDataArray( NumDays, DataArray, Index, SubArray ) ;

if CurrentBar = 1 or Date <> Date[1] then

 Value2 = RS_TrueExtremes( NumDays, DataArray, Index, oPrevTrHighest,

  oPrevTrLowest, oPrevATR ) ;

Plot1( oPrevTrHighest ) ;

Plot2( oPrevTrLowest ) ;