MATY= Moving Average Typical Price Yesterday

I coded 10 parallel bands calculated from the moving average MATY. This is a useful indicator for tendency graphs, not for laterals. Set inc (increment, normally 10 for DAX) and p (number of periods, normally 20) as variables.

The way to use it is:

1. Buy long in the moment that price crosses over MATY.
2. Close trade if Price goes down two parallel bands (conservative) or 3 bands (aggressive)
3. The same for sellshort, inverted.

The code is:

// MATY Parallel Bands //
// parameter
//p = 20
//inc = 10
cc = close
ty=(cc[1]+High[1]+Low[1])/3//Typical price yesterday
MATY = average [p](ty)// Moving Average Typical price from Yesterday
i=inc
pp1=MATY+i
pp2=MATY+2*i
pp3=MATY+3*i
pp4=MATY+4*i
pp5=MATY+5*i
pn1=MATY-i
pn2=MATY-2*i
pn3=MATY-3*i
pn4=MATY-4*i
pn5=MATY-5*i

return MATY AS "MATY", pp1 AS "pp1", pp2 AS "pp2", pp3 AS "pp3", pp4 AS "pp4", pp5 AS "pp5", pn1 AS "pn1", pn2 AS "pn2", pn3 AS "pn3", pn4 AS "pn4", pn5 AS "pn5"

It is also very helpful to use it together with the MATY PB Histogram. There can be seen the momento of the crossover (red-green) and when should you close the trade (histogram grey, conservative, and black aggressive). Set all the variables as histogram, with the exception of Máximo+ and Mínimo-. The code for this histo indicator is:

// MATY PARALLEL BANDS HISTOGRAMM//
// parameter
// p = 20
// inc = 10 (dax)

cc = close
ty=(cc[1]+High[1]+Low[1])/3//Typical price yesterday
MATY = average [p](ty)// Moving Average Typical price from Yesterday
i=inc
pp1=MATY+i
pp2=MATY+2*i
pp3=MATY+3*i
pp4=MATY+4*i
pp5=MATY+5*i
pn1=MATY-i
pn2=MATY-2*i
pn3=MATY-3*i
pn4=MATY-4*i
pn5=MATY-5*i

IF cc>pp5 THEN
 stat=6
ELSIF cc>pp4 THEN
 stat=5
ELSIF cc>pp3 THEN
 stat=4
ELSIF cc>pp2 THEN
 stat=3
ELSIF cc>pp1 THEN
 stat=2
ELSIF cc>MATY THEN
 stat=1
ELSIF cc<pn5 THEN
 stat=-6
ELSIF cc<pn4 THEN
 stat=-5
ELSIF cc<pn3 THEN
 stat=-4
ELSIF cc<pn2 THEN
 stat=-3
ELSIF cc<pn1 THEN
 stat=-2
ELSIF cc<MATY THEN
 stat=-1
ENDIF
//***********************
REM cuenta velas seguidas del mismo color verde
colorigual1=(stat>0)
contador1=0
WHILE colorigual1[contador1] DO
 contador1=contador1+1
WEND
//***********************
REM cuenta velas seguidas del mismo color rojo
colorigual2=(stat<0)
contador2=0
WHILE colorigual2[contador2] DO
 contador2=contador2+1
WEND
//***********************
IF stat>0 THEN
 sig1=highest [contador1](stat)
ELSE
 sig1=0
ENDIF
IF stat<0 THEN
 sig2=lowest [contador2](stat)
ELSE
 sig2=0
ENDIF
IF stat<0 AND sig2-stat<=-2 THEN
 senc=1
ELSE
 senc=0
ENDIF
IF stat>0 AND sig1-stat>=2 THEN
 senl=-1
ELSE
 senl=0
ENDIF
IF stat<0 AND sig2-stat<=-3 THEN
 sencc=1
ELSE
 sencc=0
ENDIF
IF stat>0 AND sig1-stat>=3 THEN
 senll=-1
ELSE
 senll=0
ENDIF

RETURN stat AS "Status", sig1 AS "Máximo +", sig2 AS "Mínimo -", senc AS "Señal 2 paralelas cortos", senl AS "Señal 2 paralelas largos", senll AS "Señal 3 paralelas largos", sencc AS "Señal 3 paralelas cortos"