ALMA-Indicator with additional bands!

• 11/30/2018 at 11:44 AM #86070
  micha2012

  Dear All,

  I frequently use ALMA-indicator for signals; It is very relyable for me. BUT, I would like to “improve” by adding 3x lines (bands) to the original ALMA-indicator (see photos attached).
  MY idea:LONG
  – when [close] cross over ALMA –> open 1x position (+1)
  – when [close] cross over “middle” band –> add 1x position (+2)
  – if [close] cross over “highest” band –> close 1x position (+1)
  – when [close] cross under ALMA –> close all positions (+/- 0)

  Please, who could help my coding these bands? I attached the code from MT5; hopefully it will be helpful!
  Thank you very much in advance.
  Micha

  

  micha2012

  Participant

  Topics: 10

  Replies: 18

  Been thanked: 3 times
  11/30/2018 at 2:14 PM #86089
  Nicolas

  That’s an ALMA average with floating levels made of last X periods Highs/Lows of the ALMA. Let me look at this..

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  11/30/2018 at 2:25 PM #86091
  Nicolas

  Here we go:

  Window = 14 Sigma = 6 Offset = 0.25 flPeriod = 25 // Floating levels look back period flLevelUp = 90 // Floating levels up level % flLevelDown = 10 // Floating levels down level % Price = customclose m = (Offset * (Window - 1)) s = Window/Sigma WtdSum = 0 CumWt = 0 for k = 0 to Window - 1 do Wtd = Exp(-((k-m)*(k-m))/(2*s*s)) WtdSum = WtdSum + Wtd * Price[Window - 1 - k] CumWt = CumWt + Wtd next val = WtdSum / CumWt imin = lowest[FlPeriod](val) imax = highest[FlPeriod](val) rrange = imax-imin flup = imin+FlLevelUp *rrange/100.0 fldn = imin+FlLevelDown*rrange/100.0 flmi = imin+50 *rrange/100.0 return val as "ALMA average", flup coloured(34,139,34) style(dottedline), fldn coloured(220,20,60) style(dottedline), flmi coloured(169,169,169) style(dottedline)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

  Window = 14 Sigma = 6 Offset = 0.25 flPeriod  = 25 // Floating levels look back period flLevelUp   = 90 // Floating levels up level % flLevelDown = 10 // Floating levels down level %   Price = customclose m = (Offset * (Window - 1)) s = Window/Sigma   WtdSum = 0 CumWt  = 0   for k = 0 to Window - 1 do Wtd = Exp(-((k-m)*(k-m))/(2*s*s)) WtdSum = WtdSum + Wtd * Price[Window - 1 - k] CumWt = CumWt + Wtd next   val = WtdSum / CumWt   imin = lowest[FlPeriod](val) imax = highest[FlPeriod](val) rrange = imax-imin flup = imin+FlLevelUp  *rrange/100.0 fldn = imin+FlLevelDown*rrange/100.0 flmi = imin+50            *rrange/100.0   return val as "ALMA average", flup coloured(34,139,34) style(dottedline), fldn coloured(220,20,60) style(dottedline), flmi coloured(169,169,169) style(dottedline)

  There are different ways to color the ALMA (that I did not code), depending of its position compared to the bands or by its own slope, do you use one of them?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  11/30/2018 at 3:20 PM #86100
  micha2012

  Dear Nicolas,
  thank you very much for your support. Please find below my ALMA-indicator..

  The change of the ALMA-colour is very important; could you please code with the original colour change?

  Merci beaucoup.

  Micha

  // parameters DEFPARAM CalculateOnLastBars = 1000 Window = 10 Sigma = 6 Offset = 0.55 Price = Close m = (Offset * (Window - 1)) s = Window/Sigma WtdSum = 0 CumWt = 0 for k = 0 to Window - 1 do Wtd = Exp(-((k-m)*(k-m))/(2*s*s)) WtdSum = WtdSum + Wtd * Price[Window - 1 - k] CumWt = CumWt + Wtd next ALAverage = WtdSum / CumWt RETURN ALAverage

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

  // parameters DEFPARAM CalculateOnLastBars = 1000 Window = 10 Sigma = 6 Offset = 0.55 Price = Close m = (Offset * (Window - 1)) s = Window/Sigma WtdSum = 0 CumWt  = 0 for k = 0 to Window - 1 do Wtd = Exp(-((k-m)*(k-m))/(2*s*s)) WtdSum = WtdSum + Wtd * Price[Window - 1 - k] CumWt = CumWt + Wtd next ALAverage = WtdSum / CumWt RETURN ALAverage

  

  micha2012

  Participant

  Topics: 10

  Replies: 18

  Been thanked: 3 times
  11/30/2018 at 3:30 PM #86102
  micha2012

  Hello Nicolas,

  I was able to add ALMA-colour myself:

  Window = 10 Sigma = 6 Offset = 0.55 flPeriod = 25 // Floating levels look back period flLevelUp = 90 // Floating levels up level % flLevelDown = 10 // Floating levels down level % Price = customclose m = (Offset * (Window - 1)) s = Window/Sigma WtdSum = 0 CumWt = 0 for k = 0 to Window - 1 do Wtd = Exp(-((k-m)*(k-m))/(2*s*s)) WtdSum = WtdSum + Wtd * Price[Window - 1 - k] CumWt = CumWt + Wtd next ALAverage = WtdSum / CumWt imin = lowest[FlPeriod](ALAverage) imax = highest[FlPeriod](ALAverage) rrange = imax-imin flup = imin+FlLevelUp *rrange/100.0 fldn = imin+FlLevelDown*rrange/100.0 flmi = imin+50 *rrange/100.0 return ALAverage as "ALMA average", flup coloured(34,139,34) style(dottedline), fldn coloured(220,20,60) style(dottedline), flmi coloured(169,169,169) style(dottedline)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

  Window = 10 Sigma = 6 Offset = 0.55 flPeriod  = 25 // Floating levels look back period flLevelUp   = 90 // Floating levels up level % flLevelDown = 10 // Floating levels down level % Price = customclose m = (Offset * (Window - 1)) s = Window/Sigma WtdSum = 0 CumWt  = 0 for k = 0 to Window - 1 do Wtd = Exp(-((k-m)*(k-m))/(2*s*s)) WtdSum = WtdSum + Wtd * Price[Window - 1 - k] CumWt = CumWt + Wtd next ALAverage = WtdSum / CumWt imin = lowest[FlPeriod](ALAverage) imax = highest[FlPeriod](ALAverage) rrange = imax-imin flup = imin+FlLevelUp  *rrange/100.0 fldn = imin+FlLevelDown*rrange/100.0 flmi = imin+50            *rrange/100.0 return ALAverage as "ALMA average", flup coloured(34,139,34) style(dottedline), fldn coloured(220,20,60) style(dottedline), flmi coloured(169,169,169) style(dottedline)

  Thank you very much.

  All the best,

  Micha

  

  micha2012

  Participant

  Topics: 10

  Replies: 18

  Been thanked: 3 times
• Author
  Posts