There is a lot of indicators similar to this one, however i think this one don’t share the same calculation method and this is why i share it. This indicator aim to forecast price direction using an exponential filter architecture using highest and lowest information for the estimation of a smoothing variable. This filter is similar to the average Max-Min filter.
In the code a is equal to 1 when the price is greater or lower than any past price over length period, else a is equal to 0. The center parameter control the filtering degree of the output, when center is equal to 1 and a = 1 the indicator return the highest or lowest depending on market current trend, when center is superior to 1 the output will be smoother, however the reactivity of the indicator will still depend on the length parameter.
A color option show you the trend of the market, however the generated signals are the same that can be generated from a Donchian channel.
When highest is greater than previous highest the indicator direction will move upward, else if lowest is lower than previous lowest the indicator direction will move downward. Therefore the indicator can give information on the Donchian channels direction and provide a nice filter.
(description above is from the original author alexgrover, all credits go to him).
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//PRC_Trend Impulse Filter | indicator //06.04.2020 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from Pinescript code (author:alexgrover) // --- settings length = 100 center = 1 arrows = 1 // Plot Arrows 0=false ; 1=true // --- end of settings once b = src if barindex>length then src = (highest[length](high)+lowest[length](low))/2 rising = src-src[length]>0 falling = src-src[length]<0 a = rising or falling b = exponentialaverage[center](a*src+(1-a)*b[1]) //—- if b>b[1] then os=1 cr=0 cg=128 cb=255 elsif b<b[1] then os=-1 cr=230 cg=81 cb=0 endif if os <> os[1] and arrows then if os>0 then drawarrowup(barindex,b[1]) coloured(cr,cg,cb) else drawarrowdown(barindex,b[1]) coloured(cr,cg,cb) endif endif endif return b coloured(cr,cg,cb) style(line,3) as "Trend Impulse Filter" |
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Bonjour Nicolas, je voudrais vous poser une question technique sur les alarmes, mais je ne peux pas vous contacter.
Les questions non liées à ce post doivent être posées sur les forums.
Bonjour, quand je colle le code, l’indicateur n’est pas sur les prix mais il est la où se trouve l’emplacement rsi, stochastique, etc…. je comprend pas tous les code je colle ce trouve en bas
Il faut l’appliquer sur le prix, en allant dans les paramètres du prix.
Bonjour Nicolas est ce que cet outil est utilisable sur les actions ? Désolé si ma question est stupide mais je débute en bourse
Bien sûr, pourquoi pas ?
Bonjour Nicolas,
Merci pour votre travail. Est-il envisageable de créer un screener pour détecter les signaux d’achat?
Bien sûr, merci de formuler une demande dans le forum des screeners pour prorealtime. En respectant les règles de publication, merci.
Est il possible de le transformer en indicateur (pour ne plus avoir les lignes mais uniquement fleches)? merci