Return value of the Upper Bollinger band technical indicator.
Syntax:
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BollingerUp[N](price) |
Example:
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//last bar piercing the upper Bollinger Bands bollU = BollingerUp[20](close) if(Open[1]<bollU[1] AND Close[1]>bollU[1]) THEN VAR = -1 ELSE VAR = 0 ENDIF RETURN VAR as "UPPER PIERCING SIGNAL" |
Return the value of the CCI technical indicator “Commodity Channel Index”.
Syntax:
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CCI[N](price) or CCI[N] |
Calculation :
CCI calculates the distance between a price and its average over x days divided by 1.5% of the mean absolute deviation.
CCI = (Price – MM) / (0.015*D)
Where :
Price (Typical Price by default, but can be any Price type) = (H+L+C) / 3
MM = moving average on M with n days
D = standard deviation on the moving average
Return the Chaikin oscillator technical indicator value.
Syntax:
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ChaikinOsc[Ch1,Ch2](price) |
Calculation :
The Chaikin Oscillator is created by substracting an x period exponential moving average of the Accumulation Distribution Line from a y period exponential moving average of the Accumulation Distribution Line.
(Default values are : x = 10 ; y = 3).
Return value of the technical indicator “Chande Kroll Stop” upper band, usually used for placing stoploss on long positions.
Syntax:
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ChandeKrollStopDown[Pp,Qq,X] |
This indicator is a potential stop for a long position. It is displayed as a green line overlaid on the price chart. The green line is the stop level for a long position.
Calculation :
First low stop = Lowest[p](low) + x * Average True Range[p]
Stop long = Lowest[q](first low stop)
Return value of the technical indicator “Chande Kroll Stop” upper band, usually used for placing stoploss on short positions.
Syntax:
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ChandeKrollStopUp[Pp,Qq,X] |
This indicator is a potential stop for a short position. It is displayed as a red line overlaid on the price chart. The red line is the stop level for a short position.
Calculation :
First high stop = Highest[p](high) – x * Average True Range[p]
Stop short = Highest[q](First high stop)
Return the value of “Chande Momentum Oscillator” technical indicator.
Syntax:
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Chandle[N](price) |
Calculation :
pos positive variation, pos = 0 if variation is negative
neg negative variation, pos = 0 if variation is positive
variation = pos – neg
We calculate Mpos and Mneg the moving average with p days of pos and neg.
Chande momentum oscillator = (Mpos – Mneg) / (Mpos + Mneg) * 100
Get the value of the “Cycle” technical indicator on price selected.
Syntax:
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Cycle(price) |
Example:
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c = Cycle(close) if(c > 0) THEN Bullish = 1 Bearish = 0 ELSE Bullish = 0 Bearish = -1 ENDIF RETURN Bullish coloured(0,128,0), Bearish coloured(255,20,147) |
Return the value of the technical indicator “Double Exponential Moving Average” over N periods on ‘price’ type selected.
Syntax:
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DEMA[N](price) |
Calculation :
We start to calculate MME1, a (n day) exponential moving average . The we calculate MME2, that’s the exponential moving average of MME1 with the same period.
Finally the indicator DEMA = 2 * MME1 – MME2
Part of the directional Index technical indicator (ADX) value. Represents DI+ minus DI- over N periods.
Syntax:
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DI[N](price) |
Part of the average directional Index technical indicator (ADX). Return value of the DI- line over N periods.
Syntax:
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1 |
DIminus[N](price) |
Example:
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minus = DIminus[14](open) plus = DIplus[14](open) if(minus>plus AND minus[1]<plus[1]) THEN bull = 1 bear = 0 ENDIF if(minus<plus AND minus[1]>plus[1]) THEN bull = 0 bear = -1 ENDIF RETURN bull, bear |
BollingerUp
