Compound Ratio Weighted Moving Average

Forums ProRealTime English forum ProBuilder support Compound Ratio Weighted Moving Average

  • This topic has 16 replies, 6 voices, and was last updated 1 year ago by avatarRazz.
Viewing 15 posts - 1 through 15 (of 17 total)
  • #210933

    As I couldn’t find it yet – is anyone aware that a PRT version of the MA according to the concept described in

    https://www.tradingview.com/script/NgLjvBWA-RedK-Compound-Ratio-Moving-Average-CoRa-Wave/

    or in an extended form described in

    https://www.tradingview.com/script/6uNRzTkr-CoRA-Ribbon-Multiple-Compound-Ratio-Weighted-Moving-Averages/

    is available?

    Thank you for hints.

    #211069
    JS

    Hi @Johnsteed

    I don’t think this indicator is present in PRT, when you have all the data (formulas, screenshots, etc.) you can ask if this indicator can be created or converted…

    #211078

    Thank you JS for the feedback. It appears as an interesting concept which has been implemented and sold in other very popular trading platforms already. So far I’ve not more information than being available via the links I shared.

    I’m not aware how one could ask for an implementation of the concept. Looking at the formulars I may overkook something, but to me the information appears as being incomplete.

    Need to see if and how to move on …

     

    #211080

    Here is more information – including the code (expand at the bottom) if anybody wants to pursue it further?

    Looks a useful and new (to us) moving average?

    https://www.tradingview.com/script/NgLjvBWA-RedK-Compound-Ratio-Moving-Average-CoRa-Wave/

    #211111

    hello Grahal

    can you translate the code en prt??

    Have a good day

    Madrosat

    #211144

    No, I am not able to translate the code to PRT, sorry.

    If you make it easy (for others) by posting the code on here then I’m sure sombody will have a go?

    #211157

     

    #211349

    Hello Nicolas  can you translate this code ,ou somebody can make it  .
    Have a good day

    Madrosat

     

    #211771

    This indicator has been translated, you can download it here: RedK Compound Ratio Moving Average (CoRa_Wave)

    3 users thanked author for this post.
    #211864

    Hello Nicholas and the forum users having engaged here,

    thank you very much for this achievement! Being an infrequent user of the forum, I wasn’t sure how to manage to get this implemented. Great work!

    I like to add that the indicator is recommened to be used in multiple-data setup to create bands. These bands are said to provide even more useful information about the market situation and to support trading activities. This is likely to be evaluated yet.

    Just as a reminder, I included the link describing the band appeal already in my initial post:

    https://www.tradingview.com/script/6uNRzTkr-CoRA-Ribbon-Multiple-Compound-Ratio-Weighted-Moving-Averages/

    In the material therein, one finds a comparison with other moving averages. That one might be interesting to those trying to use moving averages to provide trade signals, as CoRA is said have less lag than other moving averages. It is a subject of study to see if CoRA is indeed in a way superior in regards of lower lag while effectively smoothen insignificant price variations in the trend to avoid false trend change signals.

    So everyone open to explore new things might see a new action item.

    1 user thanked author for this post.
    #211874

    Ok, for the record, just add multiple times the indicator on the price chart in order to form a band (with different length period of course).

    1 user thanked author for this post.
    #211903

    Good morning Nicolas Thank you for the indicator . It would be good if the indicator had the 5 lines as in the original and it would be best if a buy and sell signal is displayed if all 5 lines have the same direction/color. Don’t know how to implement that if I insert the indicator 5 times?

    Best regards

    #211907

    Each moving average has its own color following their values comparison, ascending is green, descending is red.

    You can CALL multiple times the indicator and check if each of one is ascending or not: CALLMA1>CALLMA1[1]

    Create a boolean that check all 5 MA ascending:

     

    #211917

    Good morning Nicolas Thanks for your answer, but I don’t understand it and it’s beyond my programming skills. If I insert the indicator 5 times, the difference will be changed in the variables (e.g. 20,50,70,90,120). will then probably watch the whole first manually.

    #211919

    I’ve tried it like this but it doesn’t show any changes?

Viewing 15 posts - 1 through 15 (of 17 total)

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