Returns the PRT Bands mid term band
Syntax:
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1 |
PRTBANDSMEDIUMTERM |
Example:
screener that list all shares that mid term band is suddenly ascending while it was resting at the same price during the last 5 bars.
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a = PRTBandsmediumterm result = a>a[1] and summation[5](a=a[1])[1]=5 screener[result] |
Returns the PRT Bands short term band
Syntax:
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1 |
PRTBANDSSHORTTERM |
Example:
screener that list all shares that short term band just made an ascending hook.
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a = PRTBandsShortTerm result = a>a[1] and a[1]<a[2] screener[result] |
Returns the PRT Bands highest band.
Syntax:
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1 |
PRTBANDSUP |
Example #1:
Detect the trend change (from bearish to bullish trend), channel change from red to green
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up = PRTBandsUp dn = PRTBandsDown if close crosses over up and trend<=0 then //price breaks the upper band trend=1 //new bullish trend r=0 g=255 elsif close crosses under dn and trend>=0 then //price breaks the lower band trend=-1 //new bearish trend r=255 g=0 endif signal = trend<>trend[1] //trend inversion signal backgroundcolor(r,g,0,50) //color the chart background with the trend direction color return signal style(histogram) as "trend inversion", trend coloured(r,g,0) as "trend direction" |
Example #2:
Plot a up arrow below the candlestick when the Close crosses over the upper band
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a = PRTBandsUp //Plot a up arrow below the candlestick when the Close crosses over the upper band if close crosses over a then drawarrowup(barindex,low-averagetruerange[14]/2) coloured(0,255,0) endif return |
Return value of the Price Volume Trend indicator also knows as PVT, for a selected price.
Syntax:
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1 |
PVT(price) |
Calculation :
%var = (close – yesterday’s close) / (yesterday’s close)
PVT = %var * today’s volume + yesterday’s PVT
Return the R-Squared indicator value over the last N periods (error rate of the linear regression on price).
Syntax:
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1 |
R2[N](price) |
Example:
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i1 = R2[20](close) LR1 = linearregression[20](close) LR2 = linearregression[20](close[1]) if(i1>0.4 AND LR1<LR2) THEN bullish = 0 bearish = -1 ELSIF i1>0.4 AND LR1>LR2 THEN bullish = 1 bearish = 0 ELSE bullish = 0 bearish = 0 ENDIF RETURN bullish, bearish |
Return value of the Repulse technical indicator (measure the buyers and sellers force for each candlestick) over the last N periods for selected price.
Syntax:
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1 |
Repulse[n](price) |
The Repulse indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve.
It is more relevant when compared to price and offers valuable additional information on the feeling and confidence that traders have about the markets.
RepulseMM
ProRealTime v11Return value of the Price Rate of Change indicator over the last N periods for the selected price.
Syntax:
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1 |
ROC[N](price) |
Calculation :
ROC =((price – price[N])*100)/price[N]
RocnRoll ProRealTime v11Return value of the RocnRoll indicator.
Syntax:
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1 |
RocnRoll(price) |
Where:
