Range Indicator

• 09/15/2020 at 5:26 AM #144274
  Ichimoku Reading

  Hello,

  Following the creation of my indicator, I found that it gives interesting results, however, one thing is missing.

  I transmit via this post the indicator that allows me to determine the direction and strength of the trend, the idea would be to get help to build via the information of the indicator, an indicator capable of saying “Range” or “Trend”.

  Using candle configurations seems to me to be a logical and reliable way, I hope we will find the best possible one 😉

  As a reminder, this indicator uses the candle body and the wicks to give information sticks, as a candle does in itself .

  However, I have a lot of trouble finding a method of calculation to determine a range which would certainly be beneficial to more than one

  Here is the indicator

  Looking forward to exchanging

  // //============================== Trend haussier //Configuration haussière if (close > open) then UP = 1 else UP = 0 endif //Valeurs des configuration haussière if (UP = 1) then VHCORP = 0 + (close - open) VHMECH = VHCORP + (open - low) VHBMECH = 0 - (high - close) elsif (UP = 0) then VHCORP = 0 VHMECH = 0 VHBMECH = 0 endif //============================== Trend baissier //Configuration baissière if (close < open) then DW = 1 else DW = 0 endif //Valeurs des configuration baissière if (DW = 1) then VBCORP = 0 - (open - close) VBMECH = VBCORP - (high - open) VBHMECH = 0 + (close - low) elsif (DW = 0) then VBCORP = 0 VBMECH = 0 VBHMECH = 0 endif //============================== Trend neutre //Configuration neutre if (close = open) then NT = 1 else NT = 0 endif //Valeurs des configuration neutre if (NT = 1) then VNHMECH = 0 + (open - low) VNBMECH = 0 - (high - open) elsif (NT = 0) then VNHMECH = 0 VNBMECH = 0 endif //============================== Fin return VHCORP coloured (36,147,219) style (histogram,1) as "HCorp" , VHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche" , VHBMECH coloured (101,101,101,50) style (histogram,1) as "HBMeche" , VBCORP coloured (101,101,101) style (histogram,1) as "BCorp" , VBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche" , VBHMECH coloured (36,147,219,50) style (histogram,1) as "BHMeche" , VNHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche Doji" , VNBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche Doji"

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  // //============================== Trend haussier   //Configuration haussière if (close > open) then UP = 1   else UP = 0   endif   //Valeurs des configuration haussière if (UP = 1)  then VHCORP = 0 + (close - open) VHMECH = VHCORP + (open - low) VHBMECH = 0 - (high - close)   elsif (UP = 0) then VHCORP = 0 VHMECH = 0 VHBMECH = 0   endif   //============================== Trend baissier   //Configuration baissière if (close < open) then DW = 1   else DW = 0   endif   //Valeurs des configuration baissière if (DW = 1) then VBCORP = 0 - (open - close) VBMECH = VBCORP - (high - open) VBHMECH = 0 + (close - low)   elsif (DW = 0) then VBCORP = 0 VBMECH = 0 VBHMECH = 0   endif   //============================== Trend neutre   //Configuration neutre if (close = open) then NT = 1   else NT = 0   endif   //Valeurs des configuration neutre if (NT = 1) then VNHMECH = 0 + (open - low) VNBMECH = 0 - (high - open)   elsif (NT = 0) then VNHMECH = 0 VNBMECH = 0 endif   //============================== Fin   return VHCORP coloured (36,147,219) style (histogram,1) as "HCorp" , VHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche" , VHBMECH coloured (101,101,101,50) style (histogram,1) as "HBMeche" , VBCORP coloured (101,101,101) style (histogram,1) as "BCorp" , VBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche" , VBHMECH coloured (36,147,219,50) style (histogram,1) as "BHMeche" , VNHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche Doji" , VNBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche Doji"

   

  

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  09/24/2020 at 12:43 PM #145192
  robertogozzi

  Some ways to (try to) detect a range:

  https://www.prorealcode.com/topic/fehler-zwischen-indikator-und-handelssystem/

  https://www.prorealcode.com/topic/range-compression-indicator/

  You can also tell a likely incoming range when Bollinger Bands enter within a KC channel, or when prices sit within a range of pips in the last N pweriods:

  N = 50 MyHI = highest[N](high) MyLO = lowest[N](low) IsRange = (MyHI - MyLO) <= 30 * pipsize

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  N       = 50 MyHI    = highest[N](high) MyLO    = lowest[N](low) IsRange = (MyHI - MyLO) <= 30 * pipsize

   

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  robertogozzi

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  09/27/2020 at 2:52 PM #145562
  tecknozic

  Hello IV Mcm,

  I use this indicator, that I modified a bit to be easier to read (I didn’t change the calculation process) :

  https://www.prorealcode.com/prorealtime-indicators/squeeze-momentum-indicator-2/

  It uses Keltner channel + BB, as suggested by Mr Robertogozzi.

   

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  tecknozic

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