Normalized bars

v10.3
Normalized bars

This candlestick standardization (normalized bars) indicator fixes Japanese candlesticks on a constant scale. The scale is created from the size of the candlesticks in points: Close-Open (range).

Thresholds based on standard deviations are then added, these are calculated on the basis of the last “p” candlesticks (value to be varied at will). This helps to identify abnormal candle sizes (high volatility) that can lead to a return to the mean.

 

 

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. Vinks_o_7 • 03/20/2020 #

    Thanks Doc !

  2. Maxime Baudin • 03/20/2020 #

    Intresting, thank you!

avatar
Register or

Likes

avatar avatar avatar avatar
Related users ' posts
Gianluca Amazing, thank You for your contribution!
Alex Spioglou Thank you for featuring my work, and I hope you found it useful. Mind the paper was publ...
KumoNoJuzza Bonjour, @rominet44 pourrais tu expliquer à quoi sert le filtre: M8=average[11](close) // ...
Nicolas la moyenne mobile 11 période actuelle est ascendante ou descendante, on teste sa valeur vis ...
Patrice210 bonjour STANKO, effectivement la première ligne apparait en anomalie et je ne comprend pas v...
kbrooks323 Hello would someone be willing to release a scan code for this? that would be helpful as I s...
Nicolas You can do easily this screener by using the assisted creation tool. It would take you about...
kbrooks323 I just figured it out thanks!
ggolfet Thanks Nicolas, I imported the itf file and solved the problem.
Hasardeur Hallo Nicolas, i tried to code the multi period heat map in combination with the Ehler’s ...
Nicolas Please open a new topic with the code in forum.
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...
arnaudat Merci nicolas, j'ai déjà pris cette version et en plus je suis sur les futures. Par contre d...
ullle73 hi nicolas, when im making a strategy out of this i get the error "PRC_VWAP z-score" called ...
Nicolas Please open a new topic in the ProOrder forum section and post the code there in order to ch...
3agl3 voglio l indicatore
jpm380 Merci pour ce super indicateur. Comment puis-je mettre une alerte dès changement dès croisem...
abd78 @Vonasi I saw that you did some work on seasonality, I wondered if you wanted to go here and...
Vonasi Sorry - my understanding of Italian is zero so if I watch the video I won't understand it I'...
Gianluca Hello Nicolas, my prt become stuck when i load the indicator, is there any problem with it?
m-zeter Has anyone found a solution for Sofitech? Would it be possible to draw two lines? An upper l...
m-zeter Hm, i dont know exactly why, but I think, that the indicator needs lots of power. I need als...
anametsinwha Is it possible to change it to highs and lows rather than open and close?
apachx Hi. Please, describe the algorithm in words. I want to understand how it works, but for now...
Madrosat Bonjour Nicolas la formule du stop loss est elle vraiment valable ?? il n'y a pas au depart ...
Nicolas Il y a peut-être un erreur en effet, essayer avec: set stop ploss (averagetruerange[14] * ...
Madrosat ok merci Nicolas c'est avec /pipsize que ça fonctionne
Francesco78 @snucke the results are not the same because the pictures refers to a few years ago. I am no...
snucke @Francesco78 i mean the results differ when i test on my own. so im curious of what the p...
sfl still working, using with filters like : trendFilterUp=close>average[190](close) tren...
JanWd Hi Francesco, nice algorithme, works with me on other markets as well !
Francesco78 thank you Janwd. Do you mind sharing where it works? happy new year!
Aaron Bennett Nice analysis, with the proposed tweak I'm seeing great performance since 2008/QE on the CAC...
Nicolas No sorry, please use this file instead into a prorealtime trading platform.
rdabbs I just installed this indicator. It opens in its own pane rather than overlaid on the chart ...
Nicolas Just apply it on your price chart instead and you're ok.
Wilko I am not familiar with the screener function, but I am quite certain it should be quite simp...
Gubben @Wilko have you had a look at this again since MTF support? Heard you talk on Börssnack btw..
Wilko @Gubben not really. It was something I posted to show that simpler is usually better. Hope y...
DANY overfit
fatlung Excuse me. I would like to the time zone applied to this strategy.
UkCoopDownUnder Hi, ProOrder does not recognise, "avfullnessthreshold" any ideas, thanks

Top