Bridge Bands

Bridge Bands

Bridge Bands are an implementation of the work done by Joe Catanzaro (joecat808) to produce a risk range for a security.

The basic idea is to calculate Mandelbrot’s “Bridge Range”. ( Pg . 179 of Misbehavior of Markets)

It then calculates Bollinger Bands .

Then next step is to calculate the Hurst Exponent .

The last step is to merge the Bridge Range and the Bollinger Bands . The basic concept is if H = .5 we use the Bollinger Bands and the farther away we move from .5 in either direction the Bridge Range takes more precedent.

There is a Trend value that is the mid-point of a 3 month Donchian Channel. If price is above we’re bullish , if price is below we’re bearish.

(description of original author: calebsandfort)

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Stenozar • 03/01/2021 #

    Thanks Nicolas,
    when I imported the code, it gave me syntax error….

    • Nicolas • 03/01/2021 #

      You might have made a bad copy/paste; you should download and import the itf file instead.

  2. guillermo93 • 03/01/2021 #

    Bonjour Nicolas, tout d’abord je tiens a vous féliciter pour le travail que vous apportez a la communauté de trading.
    J’ai une question concernant les ea, pourriez vous me conseiller le meilleur ea dont vous ayez connaissance, je suis prêt a mettre le prix qu’il faudra pour un robot qui fonctionne bien et sur le long terme. comme on dit par chez moi, tout travail mérite salaire, je suis originaire de la bourgogne. Merci Nicolas

    • Nicolas • 03/01/2021 #

      Je ne peux pas donner de conseil sur les robots de trading. Sur le site tout est gratuit.
      Sachez néammoins qu’un “marketplace” pour les développeurs d’indicateurs et de robots de trading sera bientôt disponible, abonnez vous à la newsletter pour en être informé.

  3. Lotech123 • 03/01/2021 #

    Sir.I imported this utility in the normal manner and then I add the indicator to the price screen in PRT ver 11.1 but the Bridge indicator does not appear in the price window even though it is in the list of indicators.
    Do I need to change the default settings to make it work ?

    • Nicolas • 03/01/2021 #

      Add it on the price chart by using the wrench on the left upper side of your price chart.

    • Guibourse • 03/01/2021 #

      I’m facing the exact same issue : even if I follow the correct path (import the its file and add it on the price chart by using the wrench on the left upper side of the price chart.) nothing appears…?

    • Nicolas • 03/01/2021 #

      Sorry there was a small issue in the code, i have changed the attached itf file and updated the code of the page.

  4. Mitchy14 • 274 days ago #

    Hi Nicholas, apologies, I am usually fairly good at implementing your creations (for which I am thankful). But, when adding this one, it gets stuck due to ‘TIMEFRAME’ used in the code. Only used for ProBacktest programming, apparently! As in the cliche when breaking up with my girlfriend, it’s not you it’s me – I am sure I am missing something, but if you could explain, I’d appreciate it.

    • Nicolas • 273 days ago #

      Are you using PRT version pre-v11? TIMEFRAME for indicators is possible since months for prorealtime version 11.

Register or


avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
jonpt88 This is great! Such a job you did!. I do not really understand though how it works.
Bruno Carnazzi Thank you, I've just realized that all links are missing in the description. You can find th...
10 months ago
bab el franco hello once installed I have no results despite different options of markets or temporality
Nicolas Merci d'ouvrir un sujet dans le forum des screeners en respectant les règles de publication ...
Pensera Bravo Nicolas ! Tu es en quelque sorte l’inventeur de Metascore…(oups je viens de lire jusqu...
Nicolas Dans un but d'investissement pure, et non spéculatif.
Fabian Hi Thomas, thanks for your explanations. Which indicator do you use in the screenshot ...
Thomas Thats On Balance Volume and Bollinger or SMA or what you want. It shows me the volume flow. ...
bertrandpinoy @MAKSIDE I would be grateful if you send me your version. have a nice day
Nicolas Il doit s'agir d'un mauvais copier/coller. Je suggère de télécharger le fichier itf contenu ...
Bard Hello @Nicolas, I can get this to display in a separate indicator panel but not on Price as ...
Stenozar Hi @Nicolas, how can I put the bands on price? Thanks, Stefano
Fabian Hi IV Mcm, have you drawn the rectangles (Dinamic, Range) by yourself in the chart or are...
IV Mcm Myself to illustrate ;)
oraclus Bonjour indicateur très intéressant existe t il un screener qui détecte les actions qui donn...
IV Mcm Ce n'est pas le but de cet indicateur, mais avec un peu d'entraînement vous pourriez le code...
Yantra Thank you for sharing your good work!
imonix Have been trying this on demo since Monday before deciding whether to go live with it. Using...
Roberto Blázquez I'm sorry, I've tried it since November 2012 and it's bad results.
Dunstan I would like to get guidance_ How do I access and attach this indicator to my MT5 platform...
Nicolas You can't, use prorealtime, it's way better
jc84 Thank you very much for this indicator , not provided by PRT I was actually working at thi...
Pierreco1991 Hello Can you confirm this configuration for FRANCE ? //Time in UTC+8 Rest0Minutes =...
Nicolas Ask on an Excel website?!
imokdesign @nicolas ,if in want to "call" this indicator, which values i have to write down?
Nicolas Poni qui la tua domanda se è correlata a questo indicatore, altrimenti apri un nuovo argomen...
PhilipSchultz Hi Nicolas, can i backtest this indicator? And if so, how do i do it? I have tried, but don´...
Nicolas Sure, use the forums to create a new topic to ask for it Please respect the posting rules ...
Zigo Normaly it do work in version 11.
bertrandpinoy Hello to all, please does a coder can bring the indication of the price level on the chart o...
Zigo @bertrandpinoy add between line 50 and 51 : drawtext("#dnh#",barindex,low-2.618*AverageTrue...
Jan Wind What I meant is if you could suggest a trading concept: for instance if the color becomes d...
supertiti Hello Jan You must use this code in correspondence with other indicators, a code alone do...
Franro Hi, this looks very good is this something you worked towards a strategy?
Bard I've also just noticed that changing the "Bands Deviation" setting from 1.25 to eg 3 doesn't...
bartekz Hi @Nicolas, Really impressed by your work. I am trying to replicate the Wave-PM indicator t...
Nicolas You don't have to replicate it, download the file and import it into your platform.