Envelope-ATR consist of 3 WeightedAverages(21) and the AverageTrueRange(14).
In fact its very simple, take the WeightedAverage (21) of the Close, the high and the low. The WeightedAverage of the close count as the arbiter of the game.
The WeightedAverage of the High decide the upper band and the WeightedAverage of the Low decide the lower band.
The background of the channel is coloured with conditions based on the slope of the envelope.
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//Berekening van het gemiddelde en zijn banden once n=21 e=WeightedAverage[n](close) e1=Weightedaverage[n](high)+2.618*AverageTrueRange[14](close) e2=Weightedaverage[n](low)-2.618*AverageTrueRange[14](close) //Opwaartse koersen blauwe lijnen //Neerwaartse koersen rode lijnen //Gele rechthoeken zijwaartse koersen if e1>=e1[2] then DRAWSEGMENT(barindex, e1, barindex, e)coloured(0,125,175,255)//Stijgende koersen elsif e2<=e2[1] then DRAWSEGMENT(barindex, e2, barindex, e)coloured(204,0,255,255)//Dalende koersen else //We tekenen een rexhthoek als de koersen zijwaarts gaan DRAWRECTANGLE(barindex,e1, barindex[1], e2[1])coloured(255,255,0,255)//Zijwaartse koersen endif return e as"Middellijn", e1 as"Stijgende koersen", e2 as"Dalende koersen" |
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