RedOrBlue – RoB indic

RedOrBlue – RoB indic

Understanding the RedOrBlue (RoB) Trading Indicator

Introduction:

The RedOrBlue (RoB) indicator is a revolutionary tool in financial trading, offering deep insights into market trends and potential reversals. This guide provides an in-depth look at how the RoB functions and its applications in trading.

Calculating the RoB:

At its core, the RoB indicator is calculated using differences between the opening and closing prices of stocks. This section details the specific mathematical formulae used to derive the RoB values, highlighting the importance of precise calculations for accurate market analysis.

Interpreting the RoB:

Understanding the RoB is crucial for making informed trading decisions. This part of the guide focuses on interpreting the various signals the RoB indicator provides, such as identifying bullish or bearish trends and predicting potential market reversals.

Applications in Trading:

The practical application of the RoB indicator is vast. Traders can use it to enhance their market analysis, complementing other tools and strategies. This section offers real-world examples of how the RoB can be integrated into daily trading activities.

Conclusion:

The RedOrBlue indicator is a valuable addition to any trader’s toolkit, providing a unique perspective on market dynamics. This guide aims to equip traders with the knowledge to effectively utilize the RoB in their trading strategies.

 

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. Fgats • 276 days ago #

    quelques explications en Français ici :
    Some explanations in French here :
    https://www.prorealcode.com/topic/rougeoubleu-redorblue-indic/

    • Nicolas • 269 days ago #

      Merci pour cette contribution, j’apprécie ! 🙂

  2. Fgats • 269 days ago #

    Merci Nicolas pour ces encouragements et merci aussi pour le commentaire en Anglais accompagnant mon schéma ci-dessus. RoB est un indicateur que j’aime utiliser car il réagit vite et très souvent avec justesse aux ralentissements et aux changements de direction. RoB peut aussi suggérer un marché atone si les deux traces sont en dessous de zéro et relativement parallèles à la ligne zéro sur plusieurs barres. Enfin, l’information fournie est relativement indépendante de la période retenue pour les calculs à condition, toutefois, de ne pas retenir une valeur trop faible pour cette période afin que le calcul des moyennes et écart-types glissants ne soient pas trop sensibles à quelques closes un peu erratiques. A chacun de retenir une valeur lui semblant convenable, pour ma part, je pense qu’une variation de la période sur l’intervalle [15 : 90] donne une information à peu près constante.
    Je travaille actuellement sur la présentation de deux autres indicateurs et je pense pouvoir publier l’un d’eux la semaine prochaine.
    Bien cordialement,
    Gabriel

avatar
Register or

Likes

avatar avatar avatar avatar
Related users ' posts
Iván
5 days ago
MaoRai54 dear Ivan, it seems to be very interesting but please clarify what are all the lines I see i...
Iván Hi! you have the answer in the last line of code... MacdMiddle as "histo" style(histogra...
kats Le Top , a utiliser avec le nuage violet et alerte TN pour plus de précision.
roccafragius Hello Ivan, very good job! May I ask you to translate teh script from TradingView named Tre...
Iván Hi! yes. You can ask for it here: https://www.prorealcode.com/free-code-conversion/
roccafragius Thank you so much Ivan! I created this request in english Translate from TradingView Indicat...
Regisnew très bel indicateur merci
Jean2139 Bonjour Yvan, Merci pour ton indicateur que je trouve très intéressant. Je suppose que tu ...
Suffi Hier eine kleine Korrektur: //-----Inputs-----------------------------------------// MALengt...
kats Bonjour, J'ai une question etes vous trader? Je m'explique , j'ai téléchargé tous les indi...
Faisalx Hola Ivan. Thanks for your great job. I would appreciate if you have look at my request http...
roccafragius Thank you for all these useful information!! Very great job Ivan! THank you so much
geroniman Merci Ivan, super travail. On peut toujours compter sur toi pour apporter des innovations su...
okeus Ciao, il tuo lavoro è incredibile, ti chiedo una cortesia è possibile veder un grafico con ...
Stenozar Ciao mi restituisce errore line 1; forse è perchè utilizzo la versione 11 ? in questo caso d...
Stenozar Ciao IVAN , mi da errore per la riga 49 "print tema low"; puoi suggerirmi la modifica da met...
Iván Avete provato a scaricare il file .itf?
Iván Allora crei un nuovo post. Lo aspetterò.
Stenozar Ciao Ivan, ho inserito il post con la richiesta di traduzione. Se puoi vedere, grazie!
Iván perfect!
kats Bonsoir, Pensez vous pouvoir répondre à ma question posée ci dessus? Ce serait vraiment tr...
Iván Bonjour L'ensemble de l'indicateur est alimenté à partir de la ligne 9 avec la définition d...
kats BONSOIR c bon merci j ai trouve ce weekend merci de votre reponse cdlt
Gaspare Ciao Ivan si puo' inserire una strategia su questo indicatore per ottimizzare le variabil...
Iván
6 months ago
Iván Si lo descargas e importas en tu PRT verás que se han creado las variables para luego config...
WhyAskOZ Hi, Ivan As always you are doing great coding. The code works on my PRT, however the issu...
Iván You can delete in the last line (return) the configuration for color. Delete coloured(xx,xx,...
Bernard13 (Je réécris mon commentaire -français- en français car certains mots ne correspondaient pas ...
Iván 1000 indicateurs !!! brutaux
Lean Me parece muy buen indicador, y se complementa muy bien en mi sistema, ¿podrías crear un scr...
Iván Gracias! Para el screener sólo tienes que copiar el indicador y poner como condición de búsq...
Lean Muchas gracias Iván, ya lo he podido crear.
Doddge Hola Iván, ¿sería posible crear un screener que indique cuándo las velas coloreadas del indi...
RTR Ivan thank you for the pro-screener. I a trying to understand how to write the signals from ...
Iván Hi, Lines 62 and 63. These lines define buy and sell conditions.
Iván Hi You should delete from the indicator code all drawing functions and all variables not us...
Iván I've created a screener to show [longcondition or shortcondition]
Chrisinobi Hallo Ivan, Danke das ist Perfekt !! Kannst du bitte in der Screener-Bibliothek die itf. hoc...
MaoRai54 Thanks, now it's OK. in your first code at line 15-16 it's missing.
Madrosat Hello Ivan Did you try a strategy with this indicator
Iván Hi. No I didn't. This is a code translation requested by an user a few days ago.
Iván
8 months ago
cjr30 Simplemente modifica las lineas 19 y 21 por las siguientes: drawtext("▲",barindex,low-0.1*a...
groelandes Gracias!!
WhyAskOZ i copied the code into strategy and it gives error on line 21 and 23. it says " Line 1: ...
Iván
8 months ago
Madrosat Hello Ivan You have interesting topics on indicators , smart supertrend, optimised trend t...
Iván Hi! thanks. All of these codes are translations requested in the forum. I've on mind to back...
Raspete01 Buenos días Iván, estoy intentando llevar el código eliminando los colores y pasando un Back...

Top