Multi Time Frame Standard Deviation Bands - Bounded - Indicators

This indicator is a bounded version of my Multi Time Frame Simple Moving Average and Standard Deviation Bands indicator.

The indicator allows you to calculate simple moving averages and standard deviation bands (Bollinger Bands) from up to five different time frames. The indicator then shows where price is with each of these sets of bands as they are bounded around zero and 100 where zero represents the lower standard deviation band in each time frame and 100 represents the upper standard deviation band in each time frame.

This indicator only works with PRTv11 onwards.

You set the average period and number of standard deviations for the bands with the various ‘p’ and ‘dev’ settings.

Mp – Monthly average period
MDev – Monthly deviations
Wp – Weekly average period
WDev – Weekly deviations.
Dp – Daily average period
DDev – Daily deviations.
HRp – Hourly average period
HRDev – Hourly deviations.
MIp – Minutes average period
MIDev – Minutes deviations.

If putting Hourly or Minute lines in the indicator then you also need to set HRQty and MIQty to the number of hours or minutes. So for example set HRQTY to 4 to display the price line within its standard deviation bands from the 4 hour chart. Set the p value of any line that you don’t want to draw to zero – this also helps the indicator calculate slightly quicker.

The ‘EveryBar’ setting allows to to either just update the calculations of values at the close of each bar on their slower time frame chart or if ‘EveryBar’ is set then the lines update on every bar of the chart that you are viewing them on.

You can turn individual lines on and off and change their colour in the indicator configure window.

You can also select whether the lines are calculated on close, high, low, median price etc in the indicator configure window.

As always I advise downloading and importing the ITF file to get full functionality.

//Multi Time Frame SMA and STD Bounded
//By Vonasi
//Date: 20200420

//Mp = 20        //Monthly SMA period
//Wp = 20        //Weely SMA period
//Dp = 20        //Dailly SMA period
//HRp = 20       //Hourly SMA period
//MIp = 20       //Minute SMA period
//Mdev = 2       //Number of deviations for Monthly bands
//Wdev = 2       //Number of deviations for Weekly bands
//Ddev = 2       //Number of deviations for Daily bands
//HRdev = 2      //Number of deviations for Hourly bands
//Midev = 2      //Number of deviations for Minute bands
//HRqty= 1       //Which Hour time frame
//MIqty= 1       //Which minute time frame
//EveryBar = 1   //Calculate new SMA on every bar or only update on close

once Mupper = undefined
once Mlower = undefined
once Mavg = undefined
once Wupper = undefined
once Wlower = undefined
once Wavg = undefined
once Dupper = undefined
once Dlower = undefined
once Davg = undefined
once HRupper = undefined
once HRlower = undefined
once HRavg = undefined
once Miupper = undefined
once Milower = undefined
once Miavg = undefined

//store each occurance
if Mp then
if openmonth <> openmonth[1] then
Ma = Ma+1
$Mprice[Ma] = customclose[1]
endif
endif

if Wp then
if opendayofweek < opendayofweek[1] then
Wa = Wa+1
$Wprice[Wa] = customclose[1]
endif
endif

if Dp then
if opendayofweek <> opendayofweek[1] then
Da = Da+1
$Dprice[Da] = customclose[1]
endif
endif

if HRp then
if openhour <> openhour[1] and openhour mod HRqty = 0 then
HRa = HRa+1
$HRprice[Hra] = customclose[1]
endif
endif

if Mip then
if openminute <> openminute[1] and openminute mod MIqty = 0 then
Mia = Mia+1
$Miprice[Mia] = customclose[1]
endif
endif

if Ma+1 >= Mp then
if everybar and Mp then
$Mprice[Ma+1] = customclose
total = 0
for b = Ma+1 downto Ma-Mp+2
total = total + $Mprice[b]
next
Mavg = total/Mp
total = 0
for b = Ma+1 downto Ma-Mp+2
total = total + (square($Mprice[b]-Mavg))
next
endif

if not everybar and Mp then
total = 0
for b = Ma downto Ma-Mp+1
total = total + $Mprice[b]
next
Mavg = total/Mp
total = 0
for b = Ma downto Ma-Mp+1
total = total + (square($Mprice[b]-Mavg))
next
endif
Mstdev = sqrt(total/Mp)
endif

if Wa+1 >= Wp then
if everybar and Wp then
$Wprice[Wa+1] = customclose
total = 0
for b = Wa+1 downto Wa-Wp+2
total = total + $Wprice[b]
next
Wavg = total/Wp
total = 0
for b = Wa+1 downto Wa-Wp+2
total = total + (square($Wprice[b]-Wavg))
next
endif

if not everybar and Wp then
total = 0
for b = Wa downto Wa-Wp+1
total = total + $Wprice[b]
next
Wavg = total/Wp
total = 0
for b = Wa downto Wa-Wp+1
total = total + (square($Wprice[b]-Wavg))
next
endif
Wstdev = sqrt(total/Wp)
endif

if Da+1 >= Dp then
if everybar and Dp then
$Dprice[Da+1] = customclose
total = 0
for b = Da+1 downto Da-Dp+2
total = total + $Dprice[b]
next
Davg = total/Dp
total = 0
for b = Da+1 downto Da-Dp+2
total = total + (square($Dprice[b]-Davg))
next
endif

if not everybar and Dp then
total = 0
for b = Da downto Da-Dp+1
total = total + $Dprice[b]
next
Davg = total/Dp
total = 0
for b = Da downto Da-Dp+1
total = total + (square($Dprice[b]-Davg))
next
endif
Dstdev = sqrt(total/Dp)
endif

if HRa+1 >= HRp then
if everybar and HRp then
$HRprice[HRa+1] = customclose
total = 0
for b = HRa+1 downto HRa-HRp+2
total = total + $HRprice[b]
next
HRavg = total/HRp
total = 0
for b = HRa+1 downto HRa-HRp+2
total = total + (square($HRprice[b]-HRavg))
next
else
total = 0
for b = HRa downto HRa-HRp+2
total = total + $HRprice[b]
next
HRavg = total/HRp
total = 0
for b = HRa downto HRa-HRp+1
total = total + (square($HRprice[b]-HRavg))
next
endif
HRstdev = sqrt(total/HRp)
endif

if Mia+1 >= Mip then
if everybar and Mip then
$Miprice[Mia+1] = customclose
total = 0
for b = Mia+1 downto Mia-Mip+2
total = total + $Miprice[b]
next
Miavg = total/Mip
total = 0
for b = Mia+1 downto Mia-Mip+2
total = total + (square($Miprice[b]-Miavg))
next
else
total = 0
for b = Mia downto Mia-Mip+2
total = total + $Miprice[b]
next
Miavg = total/Mip
total = 0
for b = Mia downto Mia-Mip+1
total = total + (square($Miprice[b]-Miavg))
next
endif
Mistdev = sqrt(total/Mip)
endif

//calculate bands
Mupper = Mavg + (Mstdev*Mdev)
Wupper = Wavg + (Wstdev*Wdev)
Dupper = Davg + (Dstdev*Ddev)
HRupper = HRavg + (HRstdev*HRdev)
Miupper = Miavg + (Mistdev*MIdev)
Mlower = Mavg - (Mstdev*Mdev)
Wlower = Wavg - (Wstdev*Wdev)
Dlower = Davg - (Dstdev*Ddev)
HRlower = HRavg - (HRstdev*HRdev)
Milower = Miavg - (Dstdev*MIdev)

MPerc = ((customclose-Mlower)/(Mupper-Mlower))*100
WPerc = ((customclose-Wlower)/(Wupper-Wlower))*100
DPerc = ((customclose-Dlower)/(Dupper-Dlower))*100
HRPerc = ((customclose-HRLower)/(HRupper-HRlower))*100
MiPerc = ((customclose-MiLower)/(Miupper-Milower))*100

return 0 as "0",50 as "50",100 as "100",MPerc as "Monthly",WPerc as "Weekly",DPerc as "Daily",HRPerc as "Hourly",MiPerc as "Minutes"//Mupper as "Month Upper STD Band", Mlower as "Month Lower STD Band", Mavg as "Month SMA", Wupper as "Week Upper STD Band", Wlower as "Week Lower STD Band", Wavg as "Week SMA", Dupper as "Day Upper STD Band", Dlower as "Day Lower STD Band", Davg as "Day SMA", HRupper as "Hour Upper STD Band", HRlower as "Hour Lower STD Band", HRavg as "Hour SMA", Miupper as "Minute Upper STD Band", Milower as "Minute Lower STD Band", Miavg as "Minute SMA"

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

185

186

187

188

189

190

191

192

193

194

195

196

197

198

199

200

201

202

203

204

205

206

207

208

209

210

211

212

213

214

215

216

217

218

219

220

221

222

223

224

225

//Multi Time Frame SMA and STD Bounded

//By Vonasi

//Date: 20200420

//Mp = 20 //Monthly SMA period

//Wp = 20 //Weely SMA period

//Dp = 20 //Dailly SMA period

//HRp = 20 //Hourly SMA period

//MIp = 20 //Minute SMA period

//Mdev = 2 //Number of deviations for Monthly bands

//Wdev = 2 //Number of deviations for Weekly bands

//Ddev = 2 //Number of deviations for Daily bands

//HRdev = 2 //Number of deviations for Hourly bands

//Midev = 2 //Number of deviations for Minute bands

//HRqty= 1 //Which Hour time frame

//MIqty= 1 //Which minute time frame

//EveryBar = 1 //Calculate new SMA on every bar or only update on close

once Mupper = undefined

once Mlower = undefined

once Mavg = undefined

once Wupper = undefined

once Wlower = undefined

once Wavg = undefined

once Dupper = undefined

once Dlower = undefined

once Davg = undefined

once HRupper = undefined

once HRlower = undefined

once HRavg = undefined

once Miupper = undefined

once Milower = undefined

once Miavg = undefined

//store each occurance

if Mp then

if openmonth <> openmonth[1] then

Ma = Ma+1

$Mprice[Ma] = customclose[1]

endif

if Wp then

if opendayofweek < opendayofweek[1] then

Wa = Wa+1

$Wprice[Wa] = customclose[1]

endif

if Dp then

if opendayofweek <> opendayofweek[1] then

Da = Da+1

$Dprice[Da] = customclose[1]

endif

if HRp then

if openhour <> openhour[1] and openhour mod HRqty = 0 then

HRa = HRa+1

$HRprice[Hra] = customclose[1]

endif

if Mip then

if openminute <> openminute[1] and openminute mod MIqty = 0 then

Mia = Mia+1

$Miprice[Mia] = customclose[1]

endif

if Ma+1 >= Mp then

if everybar and Mp then

$Mprice[Ma+1] = customclose

total = 0

for b = Ma+1 downto Ma-Mp+2

total = total + $Mprice[b]

Mavg = total/Mp

total = 0

for b = Ma+1 downto Ma-Mp+2

total = total + (square($Mprice[b]-Mavg))

endif

if not everybar and Mp then

total = 0

for b = Ma downto Ma-Mp+1

total = total + $Mprice[b]

Mavg = total/Mp

total = 0

for b = Ma downto Ma-Mp+1

total = total + (square($Mprice[b]-Mavg))

endif

Mstdev = sqrt(total/Mp)

endif

if Wa+1 >= Wp then

if everybar and Wp then

$Wprice[Wa+1] = customclose

total = 0

for b = Wa+1 downto Wa-Wp+2

total = total + $Wprice[b]

Wavg = total/Wp

total = 0

for b = Wa+1 downto Wa-Wp+2

total = total + (square($Wprice[b]-Wavg))

endif

if not everybar and Wp then

total = 0

for b = Wa downto Wa-Wp+1

total = total + $Wprice[b]

Wavg = total/Wp

total = 0

for b = Wa downto Wa-Wp+1

total = total + (square($Wprice[b]-Wavg))

endif

Wstdev = sqrt(total/Wp)

endif

if Da+1 >= Dp then

if everybar and Dp then

$Dprice[Da+1] = customclose

total = 0

for b = Da+1 downto Da-Dp+2

total = total + $Dprice[b]

Davg = total/Dp

total = 0

for b = Da+1 downto Da-Dp+2

total = total + (square($Dprice[b]-Davg))

endif

if not everybar and Dp then

total = 0

for b = Da downto Da-Dp+1

total = total + $Dprice[b]

Davg = total/Dp

total = 0

for b = Da downto Da-Dp+1

total = total + (square($Dprice[b]-Davg))

endif

Dstdev = sqrt(total/Dp)

endif

if HRa+1 >= HRp then

if everybar and HRp then

$HRprice[HRa+1] = customclose

total = 0

for b = HRa+1 downto HRa-HRp+2

total = total + $HRprice[b]

HRavg = total/HRp

total = 0

for b = HRa+1 downto HRa-HRp+2

total = total + (square($HRprice[b]-HRavg))

else

total = 0

for b = HRa downto HRa-HRp+2

total = total + $HRprice[b]

HRavg = total/HRp

total = 0

for b = HRa downto HRa-HRp+1

total = total + (square($HRprice[b]-HRavg))

endif

HRstdev = sqrt(total/HRp)

endif

if Mia+1 >= Mip then

if everybar and Mip then

$Miprice[Mia+1] = customclose

total = 0

for b = Mia+1 downto Mia-Mip+2

total = total + $Miprice[b]

Miavg = total/Mip

total = 0

for b = Mia+1 downto Mia-Mip+2

total = total + (square($Miprice[b]-Miavg))

else

total = 0

for b = Mia downto Mia-Mip+2

total = total + $Miprice[b]

Miavg = total/Mip

total = 0

for b = Mia downto Mia-Mip+1

total = total + (square($Miprice[b]-Miavg))

endif

Mistdev = sqrt(total/Mip)

endif

//calculate bands

Mupper = Mavg + (Mstdev*Mdev)

Wupper = Wavg + (Wstdev*Wdev)

Dupper = Davg + (Dstdev*Ddev)

HRupper = HRavg + (HRstdev*HRdev)

Miupper = Miavg + (Mistdev*MIdev)

Mlower = Mavg - (Mstdev*Mdev)

Wlower = Wavg - (Wstdev*Wdev)

Dlower = Davg - (Dstdev*Ddev)

HRlower = HRavg - (HRstdev*HRdev)

Milower = Miavg - (Dstdev*MIdev)

MPerc = ((customclose-Mlower)/(Mupper-Mlower))*100

WPerc = ((customclose-Wlower)/(Wupper-Wlower))*100

DPerc = ((customclose-Dlower)/(Dupper-Dlower))*100

HRPerc = ((customclose-HRLower)/(HRupper-HRlower))*100

MiPerc = ((customclose-MiLower)/(Miupper-Milower))*100

return 0 as "0",50 as "50",100 as "100",MPerc as "Monthly",WPerc as "Weekly",DPerc as "Daily",HRPerc as "Hourly",MiPerc as "Minutes"//Mupper as "Month Upper STD Band", Mlower as "Month Lower STD Band", Mavg as "Month SMA", Wupper as "Week Upper STD Band", Wlower as "Week Lower STD Band", Wavg as "Week SMA", Dupper as "Day Upper STD Band", Dlower as "Day Lower STD Band", Davg as "Day SMA", HRupper as "Hour Upper STD Band", HRlower as "Hour Lower STD Band", HRavg as "Hour SMA", Miupper as "Minute Upper STD Band", Milower as "Minute Lower STD Band", Miavg as "Minute SMA"

bollinger bands bounded MTF multi time frame simple moving average sma standard deviation std

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials


Vonasi • 04/20/2020 #
There are actually two ways to calculate standard deviations and I seem to have used the version for calculations on populations rather than on data samples. There is only a tiny difference between them but if you want a modified code then you can find it here; https://www.prorealcode.com/topic/standard-deviation-indicators-minor-fix/

MaoRai54 dear Ivan, it seems to be very interesting but please clarify what are all the lines I see i...

Iván Hi! you have the answer in the last line of code... MacdMiddle as "histo" style(histogra...

kats Le Top , a utiliser avec le nuage violet et alerte TN pour plus de précision.

Gio56 Super idée. j'ai juste un souci. j'ai pas de barre verte mais plusieurs lignes de couleurs.....

DeathMetal change line in histgram, (click on indicator name, click on tool (

Gio56 Super merci.

Fgats https://www.prorealcode.com/topic/indicateur-3-sigma-documentation/ lien pour la documentat...

DELBERT Bonjour , merci pour le partage et la traduction , je vais essayer d'assimiler ce nouvelle i...

bousalahane hello, thank you for sharing, I’m not top strong in the programation part, there is a way to...

Fgats Hi, With this indicator I just wanted to show the interest that can exist to synthesize th...

davidguerreir how to adapt nbStdSig values ?

FXtonio @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de...

JC_Bywan For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-m...

octum Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?) Puedes co...

Khaled Thank you Nicolas! Looks like TDI (Trader Dynamic Index). Interesting to give Exit Signal as...

Nicolas ColorBetween is an instruction added last year: https://www.prorealcode.com/documentation/co...

finplus Bonjour, serait-il possible de remplacer l'écart formé par les bandes de Bollinger par l'ATR...

ChemaGeek Bonjour Nicolas, j'ai récemment découvert cet indicateur (Regularized Momentum 2017) et je l...

YvesRobert Bonjour, nouveau sur PRT (qq jours), j'essaie un peu de voir quel type d'indicateur me convi...

Nicolas Ask on an Excel website?!

JJMR HOLA NICOLAS, TENGO LA ULTIMA VERSION ACTUALIZADA DEL INDICADOR TTM SQUEEZE PRO EN LA VERSIO...

imokdesign @nicolas ,if in want to "call" this indicator, which values i have to write down?

supertiti Bonjour Nicolas, Je ne comprend pas bien , le trend change de couleur quand les prix sont a...

Nicolas Oui ce serait possible, cependant l'indicateur est bien prévu pour conserver la couleur de l...

supertiti Quand tu pourras si tu peux nous coder la troisième couleur cela améliorerait les trades cou...

Zigo Normaly it do work in version 11.

bertrandpinoy Hello to all, please does a coder can bring the indication of the price level on the chart o...

Zigo @bertrandpinoy add between line 50 and 51 : drawtext("#dnh#",barindex,low-2.618*AverageTrue...

Multi Time Frame Standard Deviation Bands – Bounded

Share this

Likes