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).
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//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" |
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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
Please open a specific topic in probuilder support forum.
I have just opened a new topic in probuilder support forum! Thank you
Bonjour Nicolas, comment doit-on modifier le code (ou ajouter la variable “style”) pour que l’on puisse sélectionner les signaux (achat/vente) en barre rouge et verte ?
Par avance merci pour ce code qui offre beaucoup d’avantage
Cordialement
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
Merci beaucoup Nicolas, c’est mieux ainsi …