True Range Adjusted EMA

• 01/13/2023 at 10:24 PM #207411
  snucke

  Hi!

  Been exploring True Range Adjusted EMA in tradestation but i would like to try it on PRT as well, i could not find it in the library so i if someone could convert it to PRT code

  https://traders.com/Documentation/FEEDbk_docs/2023/01/TradersTips.html#item1

  True Range Adjusted EMA

  // TASC JAN 2023 // True Range Adjusted EMA // Vitali Apirine inputs: Periods( 40 ), Pds( 40 ), Mltp( 10 ); variables: Mltp1( 0 ), Mltp2( 0 ), Rate( 0 ), TH( 0 ), TL( 0 ), TR( 0 ), TRAdj( 0 ), TRAdjEMA( 0 ); Mltp1 = 2 / (Periods + 1); TH = Iff(Close[1] > High, Close[1], High); TL = Iff(Close[1] < Low, Close[1], Low); TR = AbsValue(TH - TL); TRAdj = (TR - Lowest(TR, Pds)) / (Highest(TR, Pds) - Lowest(TR, Pds)); Mltp2 = TrAdj * Mltp; Rate = Mltp1*(1 + Mltp2); if CurrentBar = 1 then TRAdjEMA = Close else TRAdjEMA = TRAdjEMA[1] + Rate * (Close - TRAdjEMA[1]); Plot1( TRAdjEMA, "TRAdjEMA" );

  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 31 32 33 34 35

  // TASC JAN 2023 // True Range Adjusted EMA // Vitali Apirine   inputs: Periods( 40 ), Pds( 40 ), Mltp( 10 );   variables: Mltp1( 0 ), Mltp2( 0 ), Rate( 0 ), TH( 0 ), TL( 0 ), TR( 0 ), TRAdj( 0 ), TRAdjEMA( 0 );   Mltp1 = 2 / (Periods + 1); TH = Iff(Close[1] > High, Close[1], High); TL = Iff(Close[1] < Low, Close[1], Low); TR = AbsValue(TH - TL); TRAdj = (TR - Lowest(TR, Pds)) / (Highest(TR, Pds) - Lowest(TR, Pds)); Mltp2 = TrAdj * Mltp; Rate = Mltp1*(1 + Mltp2);   if CurrentBar = 1 then TRAdjEMA = Close else TRAdjEMA = TRAdjEMA[1] + Rate * (Close - TRAdjEMA[1]); Plot1( TRAdjEMA, "TRAdjEMA" );

   

  

  snucke

  Participant

  Topics: 9

  Replies: 143

  Been thanked: 21 times
  01/14/2023 at 8:09 AM #207420
  JS

  Hi @snucke

  Here is the indicator…

  The name of the indicator is confusing because it has nothing to do with an EMA, the EMA does not appear in the code of the indicator…

  What the indicator does is adjust the price (Close) to the True Range so actually a “True Range Adjusted Close”

  This indicator is then compared with an EMA…

  True Range adjusted EMA

  //True Range adjusted EMA xPeriods=40 xPds=40 xMltp=10 xMltp1=2/(xPeriods+1) If Close[1]>High then xTH=Close[1] Else xTH=High EndIf If Close[1]<Low then xTL=Close[1] Else xTL=Low EndIf xTR=Abs(xTH-xTL) xTRAdj=(xTR-Lowest[xPds](xTR))/(Highest[xPds](xTR)-Lowest[xPds](xTR)) xMltp2=xTRAdj*xMltp xRate=xMltp1*(1+xMltp2) If BarIndex=xPds then xTRAdjEMA=Close Else xTRAdjEMA=xTRAdjEMA[1]+xRate*(Close-xTRAdjEMA[1]) EndIf Return xTRAdjEMA as "xTRAdjEMA" Coloured("Yellow")

  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

  //True Range adjusted EMA xPeriods=40 xPds=40 xMltp=10   xMltp1=2/(xPeriods+1) If Close[1]>High then xTH=Close[1] Else xTH=High EndIf   If Close[1]<Low then xTL=Close[1] Else xTL=Low EndIf   xTR=Abs(xTH-xTL) xTRAdj=(xTR-Lowest[xPds](xTR))/(Highest[xPds](xTR)-Lowest[xPds](xTR)) xMltp2=xTRAdj*xMltp xRate=xMltp1*(1+xMltp2)   If BarIndex=xPds then xTRAdjEMA=Close Else xTRAdjEMA=xTRAdjEMA[1]+xRate*(Close-xTRAdjEMA[1]) EndIf   Return xTRAdjEMA as "xTRAdjEMA" Coloured("Yellow")

  

  JS

  Participant

  Topics: 26

  Replies: 1718

  Been thanked: 779 times
  01/14/2023 at 12:30 PM #207435
  JS

  Hi @snucke

  Forget the comment on the indicator…

  The way the indicator is calculated follows the way of an EMA and so you can also call it that…

  

  JS

  Participant

  Topics: 26

  Replies: 1718

  Been thanked: 779 times
  01/14/2023 at 5:55 PM #207441
  JS

  Hi @snucke

  You are welcome…

  

  JS

  Participant

  Topics: 26

  Replies: 1718

  Been thanked: 779 times
• Author
  Posts