Moving average deviation rate Pine Script conversion

• 04/19/2020 at 1:35 PM #126886
  BITE1437

  Hi there,

  Got this strategy from Trading View and it looks all right. As my program skills stopped in the 80’s with the C64, I was wondering if somebody could convert this Pine Script into prorealtime code cheers!

  Moving average deviation rate

  Simple moving average deviation rate and standard deviation.

  The bollinger band is momentum value standard devition.
  Bat the bollinger band is not normal distribution to close price.

  Moving average deviation rate is normal distribution.

  This indicator is draw Moving average deviation rate and fill area 2σ standard devition.
  If it exceeds 2σ, it is a trading opportunity.

  //@version=3
  study(“Moving average deviation rate”, overlay=false)

  //input
  _maPeriod = input(21, title=”Moving average period”)

  //deviation rate
  _sma = sma(close, _maPeriod)
  _rate = close / _sma * 100 – 100

  //deviation rate std
  _stdCenter = sma(_rate, _maPeriod * 2)
  _std = stdev(_rate, _maPeriod * 2)
  _plusDev = _stdCenter + _std * 2
  _minusDev = _stdCenter – _std * 2

  plot(_rate, color=red)
  _plotCenter = plot(_stdCenter, color=green)
  _plotPlus = plot(_plusDev, color=green)
  _plotMinus = plot(_minusDev, color=green)
  fill(_plotCenter, _plotPlus, color=green)
  fill(_plotCenter, _plotMinus, color=green)

  

  BITE1437

  Participant

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  04/19/2020 at 7:42 PM #126935
  Vonasi

  BITE1437 – Welcome to the forums.

  Please follow the instructions found here (which can also be found under ‘Help’) when requesting a free code conversion:

  https://www.prorealcode.com/free-code-conversion/

  Please add all the missing information to this topic.

   

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  Vonasi

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  04/20/2020 at 8:24 AM #126988
  Nicolas

  This is not a strategy but an indicator. I added a picture to your post.

  

  Nicolas

  Keymaster

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  04/20/2020 at 8:34 AM #126990
  Nicolas

  This is not a strategy but an indicator. You’ll find below the prorealtime code for the Moving Average Deviation Rate:

  //Moving average deviation rate //input maPeriod = 21 //deviation rate sma = average[maPeriod](close) rate = close / sma * 100 - 100 //deviation rate std stdCenter = average[maPeriod * 2](rate) istd = std[maPeriod * 2](rate) plusDev = stdCenter + istd * 2 minusDev = stdCenter - istd * 2 return rate coloured(255,0,0), stdcenter coloured(0,255,0), plusdev coloured(0,255,0), minusdev coloured(0,255,0)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  //Moving average deviation rate //input maPeriod = 21   //deviation rate sma = average[maPeriod](close) rate = close / sma * 100 - 100   //deviation rate std stdCenter = average[maPeriod * 2](rate) istd = std[maPeriod * 2](rate) plusDev = stdCenter + istd * 2 minusDev = stdCenter - istd * 2   return rate coloured(255,0,0), stdcenter coloured(0,255,0), plusdev coloured(0,255,0), minusdev coloured(0,255,0)

   

  

  Nicolas

  Keymaster

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