ALMA-Indicator with additional bands!

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Author

Posts

11/30/2018 at 11:44 AM #86070 quote

micha2012

Participant

Average

Dear All,

I frequently use ALMA-indicator for signals; It is very relyable for me. BUT, I would like to “improve” by adding 3x lines (bands) to the original ALMA-indicator (see photos attached).
MY idea:LONG
– when [close] cross over ALMA –> open 1x position (+1)
– when [close] cross over “middle” band –> add 1x position (+2)
– if [close] cross over “highest” band –> close 1x position (+1)
– when [close] cross under ALMA –> close all positions (+/- 0)

Please, who could help my coding these bands? I attached the code from MT5; hopefully it will be helpful!
Thank you very much in advance.
Micha

11/30/2018 at 2:14 PM #86089 quote

Nicolas

Keymaster

Legend

That’s an ALMA average with floating levels made of last X periods Highs/Lows of the ALMA. Let me look at this..

11/30/2018 at 2:25 PM #86091 quote

Nicolas

Keymaster

Legend

Here we go:

Window = 14
Sigma = 6
Offset = 0.25
flPeriod  = 25 // Floating levels look back period
flLevelUp   = 90 // Floating levels up level %
flLevelDown = 10 // Floating levels down level %

Price = customclose
m = (Offset * (Window - 1))
s = Window/Sigma

WtdSum = 0
CumWt  = 0

for k = 0 to Window - 1 do
Wtd = Exp(-((k-m)*(k-m))/(2*s*s))
WtdSum = WtdSum + Wtd * Price[Window - 1 - k]
CumWt = CumWt + Wtd
next

val = WtdSum / CumWt

imin = lowest[FlPeriod](val)
imax = highest[FlPeriod](val)
rrange = imax-imin
flup = imin+FlLevelUp  *rrange/100.0
fldn = imin+FlLevelDown*rrange/100.0
flmi = imin+50            *rrange/100.0

return val as "ALMA average", flup coloured(34,139,34) style(dottedline), fldn coloured(220,20,60) style(dottedline), flmi coloured(169,169,169) style(dottedline)

There are different ways to color the ALMA (that I did not code), depending of its position compared to the bands or by its own slope, do you use one of them?

ALMA-average-with-bands.png

11/30/2018 at 3:20 PM #86100 quote

micha2012

Participant

Average

Dear Nicolas,
thank you very much for your support. Please find below my ALMA-indicator..

The change of the ALMA-colour is very important; could you please code with the original colour change?

Merci beaucoup.

Micha

// parameters
DEFPARAM CalculateOnLastBars = 1000
Window = 10
Sigma = 6
Offset = 0.55
 
Price = Close
 
m = (Offset * (Window - 1))
s = Window/Sigma
 
WtdSum = 0
CumWt  = 0
 
for k = 0 to Window - 1 do
Wtd = Exp(-((k-m)*(k-m))/(2*s*s))
WtdSum = WtdSum + Wtd * Price[Window - 1 - k]
CumWt = CumWt + Wtd
next
 
ALAverage = WtdSum / CumWt
 
RETURN ALAverage

11/30/2018 at 3:30 PM #86102 quote

micha2012

Participant

Average

Hello Nicolas,

I was able to add ALMA-colour myself:

Window = 10
Sigma = 6
Offset = 0.55
flPeriod  = 25 // Floating levels look back period
flLevelUp   = 90 // Floating levels up level %
flLevelDown = 10 // Floating levels down level %
 
Price = customclose
m = (Offset * (Window - 1))
s = Window/Sigma
 
WtdSum = 0
CumWt  = 0
 
for k = 0 to Window - 1 do
Wtd = Exp(-((k-m)*(k-m))/(2*s*s))
WtdSum = WtdSum + Wtd * Price[Window - 1 - k]
CumWt = CumWt + Wtd
next
 
ALAverage = WtdSum / CumWt
 
imin = lowest[FlPeriod](ALAverage)
imax = highest[FlPeriod](ALAverage)
rrange = imax-imin
flup = imin+FlLevelUp  *rrange/100.0
fldn = imin+FlLevelDown*rrange/100.0
flmi = imin+50            *rrange/100.0
 
return ALAverage as "ALMA average", flup coloured(34,139,34) style(dottedline), fldn coloured(220,20,60) style(dottedline), flmi coloured(169,169,169) style(dottedline)

Thank you very much.

All the best,

Micha