The TrendRisk bands indicator is a simple channel indicator made of 2 custom averages of candlesticks ranges calculated within the variable “BandsBars” period.
Upper and lower channel bands width can be adjusted with the “Deviation” variable, which act as a simple factor to enlarge the spread between them.
- When Close crosses over the upper band, it is a bullish signal and candlesticks are painted in green
- When Close crosses under the lower band, it’s a bearish signal and candlesticks are painted in red
Indicator converted from MT4 version by a request on the french forum.
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//PRC_Trend Risk indicator | indicator //29.05.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //translated from MT4 code // --- settings //BandsBars=28 //Deviation=3.5 // --- end of settings once SmoothPrice=close once SmoothRange=range if barindex>1 then SmoothPrice=(SmoothPrice[1]*(BandsBars-1)+Close)/BandsBars SmoothRange=(SmoothRange[1]*(BandsBars-1)+High-Low)/BandsBars Top=SmoothPrice+SmoothRange*Deviation Bottom=SmoothPrice-SmoothRange*Deviation endif T=1 D=1 N=1 if (Close< Top) then T=0 endif if (Close> Bottom ) then D=0 endif if ( Close < Bottom or Close> Top ) then N=0 endif if (T= 1) then r=0 g=255 b=0 endif if (D= 1) then r=255 g=0 b=0 endif if (N= 1) then r=150 g=150 b=150 endif DRAWCANDLE(open,high,low,close)coloured(r,g,b) RETURN Top as "Top channel", Bottom as "Bottom channel" |
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Gracias Nicolas , muy buen indicador , excelente para hacer sistemas, muy buenos resultados, de por si todos sus indicadores son los mejores.
cordial saludo NICOLAS , gracias por excelente indicador. ¿ es posible obtenerlo en MT4 ? Lo tienes ?
Gracias
diego
Lo siento, pero no estoy trabajando para ayudar a la gente aquí de forma gratuita para promover otro software …
Nicolas , gracias por tu atención. La pregunta era por curiosidad (yo no trabajo ni manejo MT4),: siempre he tenido muy claro y he respetado el trabajo de las demás personas , especialmente el tuyo el cual considero muy bueno, por eso mismo en mi pregunta nunca mencioné la palabra gratuita.