ProScreening by Moving Average Deviation Rate

• 04/24/2020 at 8:21 AM #127709
  BITE1437

  By the help of forum members, the following indicator, moving average deviation rate has been used for proscreening in long and short during the moving average line cross the two standard deviation lines. However, the results are not equal to the chart I find.

  //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)

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  //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)

   

  May I seek your advice on setup the proscreening code?

  

  BITE1437

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  04/24/2020 at 9:09 AM #127727
  Nicolas

  The below code for the screener is working correctly, I embed the whole indicator code into the stock screener:

  //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 test = rate crosses over plusdev or rate crosses under minusdev screener[test]

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  //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   test = rate crosses over plusdev or rate crosses under minusdev   screener[test]

   

  

  Nicolas

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