Dear Forum Members,
Dear Nicolas,

a lot of institutional banking firms work with “rule bases investments”. the most popular in our bank is
the 200sma/38sma rule based strategy with a 3 % filter for noise.

i wanna have this code for my own to use ist in pro realtime.
i wanna code this in weekly form, because i check the markets on weekends.

description:

if the 8 week sma is over the upper band it is a long signal until the
the 8 week sma is under the lower band
a new long signal is formed when the 8 week sma is over the upper band again.

my problem:
i cannot code the description until ….
please can you do this for me – in my indicator not i have no very time a histogramm
and the value is 0. that´s false – the logic is green or red and not 0.
do you understand what i mean.
please recode my code – that its correct 🙂

thank you so much 🙂

here is my code:

// orginial 200 day sma
c1 = average[40](close)
// the 3 % up band
c2 = c1*1.03
// the 3 % low band
c3 = c1*0.97
// the original 38 day sma
c4 = average[8](close)

//histogramm building
// result1 is green
// result2 is red

if c4 > c2 then
result1 = 1
else
result1 = 0
endif

if c4 < c3 then
result2 = 1
else
result = 0
endif

return result1, result2, 0