Triple RAFF Channel projection (On Price)

v10.3
Triple RAFF Channel projection (On Price)

Triple Raff Channel linear projection indicator for PRT.

Premise

PRT implementation of the “Bianca” trends visualization of 3 linear regressions. This indicator adopts the Raff channel algorithm and outputs 3 sets of support and resistance lines on the same chart. These sets represent:

  • Primary trend (blue)
  • Secondary trend (green)
  • Tertiary trend (red)

Interpretation:

If all three sets of trend-lines align, a strong sentiment is established. This could be bullish, bearish or consolidating.

If tertiary trend and/or secondary trend are diverging from primary trend, or diverging from each other, a breakout of the wider trend is more probable.

If you are not familiar with this concept and associated trading systems, read up on raf channels and/or bianca trends.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:raff_regression_chan

Variables

Defaults are 50 bars (primary); 20 (secondary); 10 (tertiary). These can be changed by you.

Developer Information

  • The mid lines are not plotted but they are available of course. If you would like to view them or adapt further then use reg
  • Support and resistance lines are averaged from raff and riff lines. If you want to see both, replace averaging code (source code is commented)

Enjoy!

Maz

— code —

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. larouedegann • 02/10/2017 #

    blue = 50
    green = 20
    red = 10
    than you

  2. shephinc • 02/10/2017 #

    Is there an easy way get a value returned from the indicator that says if the blue channel is heading up or down ?

  3. alf • 02/10/2017 #

    Hello,
    How can i project it on the chart?
    Now it is below amongst the other indicators..
    Thankss:)

  4. lebrinque • 02/10/2017 #

    This is AWESOME!

    Thank you Maz!!

    • Maz • 02/10/2017 #

      You’re welcome, thanks

  5. lebrinque • 02/10/2017 #

    Does anyone know how to make the lines extended? Like having an option for right and left?

  6. Maz • 02/10/2017 #

    With PRT it’s not currently possible to extend lines into the future (right) via the scripting language

  7. Kris75 • 02/10/2017 #

    Hi Maz,
    How could we translate this in a strategy?

  8. Kris75 • 02/10/2017 #

    fantastic job btw

  9. ggolfet • 02/10/2017 #

    it seems it’s not working anymore with prorealtime 11, anyone has the same problem?

  10. Moritz Müller • 02/10/2017 #

    hi there,
    I just checked and I does not work for me anymore neither – unfortunately. would be great if somebody could point to the right direction how to adjust the code.
    Would be great if the code could be adjusted to work as a screener as well – as shephinc mentioned.
    thanks

    • jums • 02/10/2017 #

      Hi,

      Can you make an update for PRT v11 ?

      Best Regards,

  11. Lotech123 • 02/10/2017 #

    PLEASE, PLEASE someone modify the code of this special indicator for V 11.
    Thank you in keen anticipation

    • Nicolas • 02/10/2017 #

      just use 3 times a linear regression channel code you will find in the library.

  12. Maz • 02/10/2017 #

    Hi all, firstly happy to know that this is helping you. I look into updating it for PRT11 when I get the chance. All the best

  13. leederbyshire • 02/10/2017 #

    Here’s the link to alternative linear regression channel indicator Nicolas is referring to that works on v12 since v10.3 being discontinued if anyone struggling to find it.
    https://www.prorealcode.com/prorealtime-indicators/standard-deviation-standard-error-linear-regression-channel/

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+2 more likes

Related users ' posts
oraclus Bonjour indicateur très intéressant existe t il un screener qui détecte les actions qui donn...
IV Mcm Ce n'est pas le but de cet indicateur, mais avec un peu d'entraînement vous pourriez le code...
Yantra Thank you for sharing your good work!
Nicolas le code est déjà sur cette page, inutile de fournir un autre format ?! Les fichiers itf sont...
Novice-Surfer Hello IV Mcm, You are my leader ! Your work is incredibly precise, thank you very much f...
Mikolajek Merci pour votre excellent travail !
mickey992 salut merci pour ton partage et ton travaille
patapouf Hi Vivien René I just discovered your “Ordered trend-following stocks Screener”. Great work...
MONEY38 j'aime bien merci pour votre partage
afanitro424 its not plotting on chart but instead as it's own histogram directly below chart? How to fix...
Nicolas by adding the indicator on the chart :)
Nicolas Oui c'est possible. Merci de ne pas poster des demandes qui sont hors sujets. Pour les deman...
Igor Merci pour cet itf. Question : comment faire pour instruire un screener ?
Nicolas tester le croisement du Close avec la première valeur de l'indicateur : "TrailingStop", faci...
Dunstan I would like to get guidance_ How do I access and attach this indicator to my MT5 platform...
Nicolas You can't, use prorealtime, it's way better
jc84 Thank you very much for this indicator , not provided by PRT I was actually working at thi...
Nicolas Oui le code est correct et il fonctionne, j'ai de bons résultats sur la liste NASDAQ par exe...
pincherman Bonjour :-) J'ai coller le script dans prorealtime pour jouer avec le supertrend et j'ai un...
Nicolas Vous l'avez sans doute collé au mauvais endroit, dans l'éditeur de code pour les stratégies,...
IV Mcm Bonjour, Je ne reconnais pas cette ligne dans le code, essayer de télécharger directement le...
Manu L. Bonjour, Possible de créer un screnner multiframe Mois dans Ichimoku semaine dans Ichimok...
Guillaume Mcm I gave the above message fix ;)
Tradingrob Is it possible to put the itf-file in the right way here in Prorealcode? so the right 'trend...
Guillaume Mcm Update link ;) https://www.prorealcode.com/topic/trend-histogramme-cci-mise-a-jour-suite-...
Screw27 Hi man, I installed the indicator and i don't know why but my graph it is so big
HelixKing sounds interesting I'll take a look
Godo Bonjour Souhait Sam, Après de nombreux essais pour le mettre en format afin d'utiliser ce c...
Nicolas Il faut supprimer celles qui existent dans la fenêtre d'optimisation et les créer en dur dan...
crusoe76 hi there, anyone can help making this strategy work, i have a message saying replace variabl...
Screw27 Salut nicolas j'aimerais savoir tes résulats grace a cettte methode
eva.g.forsgren It dose not work, I get a strap instead of candels???????????????????????????????????????????
Nicolas That indicator is the one below the chart. The indicator to put on the price chart is this o...
pyhrus P.S : IG , que j'ai contacté ,m'indique que la version V11 , ne sera pas disponible avant un...
Hasardeur Dear Nicolas, is there someting at the arry to modify in order to run the trend at the actu...
MALIMALO Dear Nicolas, just try touse your indicator with backtest but it's not working. is anybody...
ribes65 Bonjour Nicolas, Merci pour votre travail. Est-il envisageable de créer un screener pour ...
Nicolas Bien sûr, merci de formuler une demande dans le forum des screeners pour prorealtime. En res...
ipbvba Est il possible de le transformer en indicateur (pour ne plus avoir les lignes mais uniqueme...
supertiti Bonjour Nicolas, Je ne comprend pas bien , le trend change de couleur quand les prix sont a...
Nicolas Oui ce serait possible, cependant l'indicateur est bien prévu pour conserver la couleur de l...
supertiti Quand tu pourras si tu peux nous coder la troisième couleur cela améliorerait les trades cou...
Nicolas How to import file page: in the help section of the website explains howto
kenssa import through the indicator page/window in the Proreal time
chicoteca Buenas, no consigo que se me muestre en el chart de DAX. ¿Cómo procedo? Gracias.-
Ciccarelli Franco Per lasciare che la strategia venga eseguita (dopo aver importato il file): Basta eliminare...
JADINVEST Hello Jan, hello everyone, Thanks Jan for this strategy! Since 2020, have any of you found a...
Alessandro Furlani Hi Ian, hope you still use PRT and so you can read this post. I have tested a lot your work ...

Top