Vostro - VST
The VOSTRO indicator is a trend indicator that automatically provides buying and selling signals. The indicator marks in a window the potential turning points. The indicator is recommended for scalping.
The Vostro indicator determines the overbought zones (value greater than +80) and the oversold zones (less than the -80 level)
BUY signal: The Vostro curve moves below the -80 level and forms a trough – Turnaround of the upward trend
SELL signal: The Vostro curve moves above the +80 level and forms a peak – Downward trend
(description found on the web, conversion from MT4 code by a request in the english indicator section).
//PRC_Vostro VST | indicator
//10.10.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from MT4 version
//--- settings
//scalping = 1 //1=true / 0=false
//--- end of settings
if scalping then
period156=100
else
period156=300
endif
if barindex>period156 then
gd120=summation[5]((high+low)/2)
gd128=gd120/5
gd120=summation[5](high-low)
gd136=0.2*(gd120/5)
ibuf116=(low-gd128)/gd136
ibuf112=(high-gd128)/gd136
if(ibuf112>8.0 and high>average[period156,2](medianprice)) then
ibuf108=90
else
if(ibuf116<-8.0 and low<average[period156,2](medianprice)) then
ibuf108=-90
else
ibuf108=0
endif
endif
if ibuf112>8 and ibuf112[1]>8 then
ibuf108=0
endif
if ibuf112>8 and ibuf112[1]>8 and ibuf112[2]>8 then
ibuf108=0
endif
if ibuf116<-8 and ibuf116[1]<-8 then
ibuf108=0
endif
if ibuf116<-8 and ibuf116[1]<-8 and ibuf116[2]<-8 then
ibuf108=0
endif
endif
return ibuf108 coloured(0,0,255) style(line,2) as "Vostro", 80 coloured(255,0,0) style(dottedline,1) as "level 80", -80 coloured(255,0,0) style(dottedline,1) as "level -80"
Comments
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Il faut changer la dernière ligne du code par : return ibuf108 style(line,2) as "Vostro", 80 coloured(255,0,0) style(dottedline,1) as "level 80", -80 coloured(255,0,0) style(dottedline,1) as "level -80" et sélectionner soit même les couleurs désirées directement dans la fenêtre de paramétrage de l'indicateur pour hausse/baisse
Hello! I would like to test the indicator Balance of power! The Balance of Power indicator measures the market strength of buyers against sellers by assessing the ability of each side to drive prices to an extreme level. The calculation is: Balance of Power = (Close price – Open price) / (High price – Low price) I found this code in internet but it doesn´t work in Prorealtime so I need your help please! Thank you very much //@version=3 study("True Balance of power") per=input(30, title="periods for Emoline", type=integer, step=1, minval=4) trhi = max(high, close[1]) //true high trlo = min(low, close[1]) //true low trop = close[1] //true open bop = 100*(close-trop)/(trhi-trlo) //True Balance of Power as percent lin= 1.5*linreg(bop, per, 0) //linear regression as emoline bgcolor(lin0?green:orange, style=columns) //plot BOP as columns plot(lin, title="Emoline", color=rising(lin,2)?blue :black, linewidth=3) //plot emoline as line hline(0, linestyle=line) //zero level
Merci beaucoup Nicolas, c'est mieux ainsi ...