This indicator indicates on the graph, an event Breakout in green color.
In red, a BreakDown.
The basic indicator is the index force coupled with the Bollinger Band to identify a statistical anomaly on the closing price caused by volumes.
If the upper band of the bollinger bands is exceeded by the forceindex, it’s mean a BreakOut.
A BreakDown when the lower band of bollinger is exceeded.
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// Name : BreakSearch indicator // author : patmaba // date : 2017/dec/05 // // Purpose // ------- // This indicator indicates on the graph, an event Breakout in green color. // In red, a BreakDown. // // Parameter // --------- // It uses a parameter p to determine the period. by default it is set to 10. // // Description // ----------- // The basic indicator is the index force coupled with the Bollinger Band to identify a statistical anomaly on the closing price caused by volumes. // If the upper band of the bollinger bands is exceeded by the forceindex, it's mean a BreakOut. A BreakDown when the lower band of bollinger is exceeded. fi=ForceIndex(close) bu=BollingerUp[p](fi) bd=BollingerDown[p](fi) breakValue=0 // color variable redColorValue=0 greenColorValue=0 // Check statistical anomaly(BollingerBands) on price by volume(ForceIndex) if fi >= bu then // here the BreakOut breakValue=1 greenColorValue=255 elsif fi <= bd then // here the BreakDown breakValue=-1 redColorValue=255 endif return breakValue coloured(redColorValue,greenColorValue,0) style(histogram) as "BreakOut/Down" |
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Merci pour ce travail…
merci Alai-n.
C’est ma première participation sur prorealcode, merci pour à toi pour ton commentaire.
J’ai essayé de rester le plus simple possible.
Can this be converted to a screener?