Trend Risk Bands indicator

v10.3
Trend Risk Bands indicator

The TrendRisk bands indicator is a simple channel indicator made of 2 custom averages of candlesticks ranges calculated within the variable “BandsBars” period.

Upper and lower channel bands width can be adjusted with the “Deviation” variable, which act as a simple factor to enlarge the spread between them.

  • When Close crosses over the upper band, it is a bullish signal and candlesticks are painted in green
  • When Close crosses under the lower band, it’s a bearish signal and candlesticks are painted in red

Indicator converted from MT4 version by a request on the french forum.

 

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?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. diegofe_2000 • 238 days ago #

    Gracias Nicolas , muy buen indicador , excelente para hacer sistemas, muy buenos resultados, de por si todos sus indicadores son los mejores.

  2. diegofe_2000 • 156 days ago #

    cordial saludo NICOLAS , gracias por excelente indicador. ¿ es posible obtenerlo en MT4 ? Lo tienes ?
    Gracias

    diego

    • Nicolas • 156 days ago #

      Lo siento, pero no estoy trabajando para ayudar a la gente aquí de forma gratuita para promover otro software …

  3. diegofe_2000 • 156 days ago #

    Nicolas , gracias por tu atención. La pregunta era por curiosidad (yo no trabajo ni manejo MT4),: siempre he tenido muy claro y he respetado el trabajo de las demás personas , especialmente el tuyo el cual considero muy bueno, por eso mismo en mi pregunta nunca mencioné la palabra gratuita.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
victormork Hi! No I don't have 200k history.
Yannick There is a huge drawdown from 2012 to 2013 after it keeps rising https://ti.md.it-finance...
victormork Thanks for sharing the 200k test!
swapping Oups nicolas ! je pense que tu a oublié de mettre les variables "setting" accessible en exte...
Nicolas Je viens de vérifier, elles y sont pourtant?
swapping Mea culpa, j'ai fait un bête (copier/coller) et forcément cela ne pouvait pas y être puisqu'...
Marcel If you are interested in my way of trading, please follow me on Twitter @MvvTrading
Genotik Excellent, merci !
TempusFugit Masala, thanks for your contribution. I don´t like the offmarket spreads neither ;) I unders...
Uveus Tempus, me da un error al validar el codigo, sobre la variable N. Al crear el indicador me ...
TempusFugit Hi Uveus, I am guessing you inserted the code of the indicator into the system code, is ...
Robin von Bauhn Here you go! Would like to hear your feedback :) cl = RSI[2]100-a if cl and close &...
Francesco78 Sorry there might be few typos, pls send the full code. Thank you
Robin von Bauhn Oh, it's "cs" that's missing. I don't have the code right now but it's the exact same condit...
victormork sorry the code keep on changing when I press post comment. Basically you have to complete th...
Stefan Arens Hi Vicormork, i´am sorry - but it still doesn´t work. I can´t correct the error. Prorealtim...
eltonio8 Hi everyone, can someone explain these lines literaly : if MyBoll >= 50 THEN upBo...
atlante je me demande si prorealtime pourrait etre programee sur fonction lorsquún point cgange de c...
lizmerrill can you provide this code for tradestation, please. Thanks
Nicolas No sorry, please use this file instead into a prorealtime trading platform.
StantonR Got good results on ZAF 1hr timeframe
Wilko Great!
Wilko Thanks for letting the community know!
lizmerrill can you explain the flow of the code, just to clarify. RE:fullness = (Dclose(0)-Dopen(0))/ab...
Francesco78 hi Lizmerril, yes, that is correct
lizmerrill Thanks for replying, so.... I assume in your backtest, the fullness calculations using dclos...
JohnScher Hello. I use your ThreeLiner in manual trading with as an indicator. He works very well. ...
Nicolas You can measure a distance with a simple substraction :)
JohnScher Hello, Nicolas. Thank you! But then I can't! I m sorry. I have the same problem with ...
larmhen
9 months ago
HerveS_67 Bonjour, A quoi correspondent les données S, M, L ? Hello, What do the data S, M, L?
Frankiesc Thanks Nicolas for sharing this indicator, it's interesting
CavalierDeCesDames Bonjour Nicolas, Thanks for your use full job. I tried this indicator on a shorter timefram...
Nicolas You are welcome. I'm glad you like it.
gabri Excellent job like always!! are you working also on the Barycenter indicator?
Nicolas No but I think you can find a lot of different version of the "center of gravity - COG" indi...
Juan Salas Hi Francesco, Yes, this is pretty much the question. The system ask me a number of contract...
Francesco78 ok sounds good, you can put min size = 1 and go for the seasonable breakout too, also you ca...
JR1976 HI all , anyone test 200k bar for this great code ?
albertocampagna Sei grande Nicolas :-)
SAcht Dear Nicolas, Great work, thank you very much!I would love to use the indicator in ProScree...
SAcht btw: The above-posted ProScreener is supposed to show stocks for which the center line has i...
Hans63 Good evening Nicolas, Can you add an option coloring the candlesticks? Thanks
Youness Charif Bonjour Nicolas, je n'arrive pas faire marcher l'indicateur, il m'indique en message d'e...
Nicolas Veuillez décommenter les lignes des variables (enlever les //), ou télécharger et importer d...
Francesco78 Thank you Nicolas,  I have copied your nice indicator, but it shows in the lower part of th...
Abz  hi , you need to add the indicator from the "price" menu in chart
Francesco Thank you Abz!

Top