Following the creation of the Range Filter indicator coded by Nicolas, I wished to re-adapt the code to make it available on PRT 10.3
I find this indicator particularly interesting, I wanted to add a filter to the Range Filter ‘-‘.
As an external variable, you will find the values corresponding to the color code to modify it as you wish via a site with a color code.
IV
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// //=/===============/=//=/===============/=//=/ Indicator Range Trend // // RxUP = 0 // GxUP = 153 // BxUP = 255 // RxDOWN = 102 // GxDOWN = 102 // BxDOWN = 102 // RxRange = 199 // RxRange = 29 // RxRange = 29 // //=/===============/=//=/===============/=//=/ Range // //=/ Range Settings once rngfilt=close if barindex>max(14,27) then rngscale=max(1,min(rngscale,7)) scale = 2.618*average[14,1](abs(close-close[1])) endif r=average[27,1](scale) hh=close ll=close if 1<>1 then hh=high ll=low endif if 1=1 then if hh>rngfilt[1] then if (hh-r)<rngfilt[1] then rngfilt=rngfilt[1] else rngfilt=hh-r endif elsif (ll+r)>rngfilt[1] then rngfilt=rngfilt[1] else rngfilt=ll+r endif else if hh>=rngfilt[1]+r then rngfilt=(rngfilt[1]) + (abs(hh - (rngfilt[1]))/r)*r elsif ll<=rngfilt[1]-r then rngfilt=(rngfilt[1]) - (abs(ll - (rngfilt[1]))/r)*r else rngfilt=rngfilt[1] endif endif hiband = rngfilt + r loband = rngfilt - r if rngfilt>rngfilt[1] then upward=1 downward=0 endif if rngfilt<rngfilt[1] then upward=0 downward=1 endif TrendFast = rngfilt TrendMedium = Average[2](rngfilt) TrendLong = Average[4](rngfilt) // //=/===============/=//=/===============/=//=/ Trend Color // //=/ Trend Fast Color Settings if upward and TrendFast > TrendFast[1] then cr = RxUP cg = GxUP cb = BxUP ct = 250 elsif downward and TrendFast < TrendFast[1] then cr = RxDOWN cg = GxDOWN cb = BxDOWN ct = 250 elsif TrendFast = TrendFast[1] then cr = RxRange cg = GxRange cb = BxRange ct = 250 endif // //=/===============/=//=/===============/=//=/ Candle // //=/ Bullish Conditions 1 U1 = upward > 0 U2 = close > TrendFast U3 = close > TrendLong U4 = close > TrendMedium U5 = TrendFast > TrendFast[1] U6 = TrendLong > TrendLong[1] U7 = TrendMedium > TrendMedium[1] BullishConditions1 = U1 and U2 and U3 and U4 and U5 and U6 and U7 //=/ Bullish Conditions 2 UX1 = upward > 0 UX2 = close > TrendFast UX3 = close > TrendLong UX4 = close > TrendMedium UX5 = TrendFast = TrendFast[1] UX6 = TrendLong > TrendLong[1] UX7 = TrendMedium > TrendMedium[1] BullishConditions2 = UX1 and UX2 and UX3 and UX4 and UX5 and UX6 and UX7 //=/ Bullish Conditions 3 UXX1 = upward > 0 UXX2 = close > TrendFast UXX3 = close > TrendLong UXX4 = close > TrendMedium UXX5 = TrendFast = TrendFast[1] UXX6 = TrendLong > TrendLong[1] UXX7 = TrendMedium = TrendMedium[1] BullishConditions3 = UXX1 and UXX2 and UXX3 and UXX4 and UXX5 and UXX6 and UXX7 //=//=// //=/ Bearish Conditions 1 E1 = downward > 0 E2 = close < TrendFast E3 = close < TrendLong E4 = close < TrendMedium E5 = TrendFast < TrendFast[1] E6 = TrendLong < TrendLong[1] E7 = TrendMedium < TrendMedium[1] BearishConditions1 = E1 and E2 and E3 and E4 and E5 and E6 and E7 //=/ Bearish Conditions 2 EX1 = downward > 0 EX2 = close < TrendFast EX3 = close < TrendLong EX4 = close < TrendMedium EX5 = TrendFast = TrendFast[1] EX6 = TrendLong < TrendLong[1] EX7 = TrendMedium < TrendMedium[1] BearishConditions2 = EX1 and EX2 and EX3 and EX4 and EX5 and EX6 and EX7 //=/ Bearish Conditions 3 EXX1 = downward > 0 EXX2 = close < TrendFast EXX3 = close < TrendLong EXX4 = close < TrendMedium EXX5 = TrendFast = TrendFast[1] EXX6 = TrendLong < TrendLong[1] EXX7 = TrendMedium = TrendMedium[1] BearishConditions3 = EXX1 and EXX2 and EXX3 and EXX4 and EXX5 and EXX6 and EXX7 //=/ Candle Color Settings if BullishConditions1 then br = RxUP bg = GxUP bb = BxUP tz = 250 elsif BullishConditions2 then br = RxUP bg = GxUP bb = BxUP tz = 200 elsif BullishConditions3 then br = RxUP bg = GxUP bb = BxUP tz = 150 //=//=// elsif BearishConditions1 then br = RxDOWN bg = GxDOWN bb = BxDOWN tz = 250 elsif BearishConditions2 then br = RxDOWN bg = GxDOWN bb = BxDOWN tz = 200 elsif BearishConditions3 then br = RxDOWN bg = GxDOWN bb = BxDOWN tz = 150 //=//=// else br = 204 bg = 204 bb = 204 tz = 150 endif drawcandle(open,high,low,close) coloured(br,bg,bb,tz) // //=/===============/=//=/===============/=//=/ Visual // //=/ Visual Settings MIDX1 = (hiband-rngfilt)/3 MID1 = (rngfilt+MIDX1) MID2 = (MID1+MIDX1) MIDX2 = (rngfilt-loband)/3 MID3 = (rngfilt-MIDX2) MID4 = (MID3-MIDX2) // //=/===============/=//=/===============/=//=/ End // return TrendFast coloured (cr,cg,cb,ct) style(line,2) as "Trend Fast" , MID1 coloured (RxDOWN,GxDOWN,BxDOWN,30) style(line,1) as "MID1" , MID2 coloured (RxUP,GxUP,BxUP,30) style(line,1) as "MID2" , MID3 coloured (RxDOWN,GxDOWN,BxDOWN,30) style(line,1) as "MID3" , MID4 coloured (RxUP,GxUP,BxUP,30) style(line,1) as "MID4" , hiband coloured (RxUP,GxUP,BxUP,30) style(line,1) as "Hiband" , loband coloured (RxUP,GxUP,BxUP,30) style(line,1) as "Loband" |
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Hello Iv mcm Where are gx range and bx range . How IT is it is not running
How do you use it in trading,,,
Hello, please download the ITF directly
Indeed, copying and pasting code gives an error, to correct the error you have to replace the first lines of the code by this one
RxUP = 0
GxUP = 153
BxUP = 255
RxDOWN = 102
GxDOWN = 102
BxDOWN = 102
RxRange = 199
GxRange = 29
BxRange = 29
The use of this indicator is however logical, it gives you potential movement departures depending on the break of the dynamic range.
On the other hand, the use of this indicator alone is not recommended, you must know how to trace your support and resistance zones to know if your signal is not likely to be distorted by a technical level.
Waiting for the indicator to turn white again to indicate a range is not a good idea either, you need to know where to go before you even get into position.
IV
The updated version (v2) is available to download and discuss in this forum thread: https://www.prorealcode.com/topic/trend-impulse-with-range-filter-v2/
Thank you IV Mcm for sharing your indicators.
Thanks Nicolas