Meander Bands updated with ARRAYS

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  • #121107 quote
    robertogozzi
    Moderator
    Master

    I decided to explore the recent ARRAY support by ProRealTine v11 and I want to share my work.

    I modified the Meander Bands indicator (see v10.3 at https://www.prorealcode.com/prorealtime-indicators/meander-bands-thomas-stridsman/).

    It used just 5 periods because arrays were not supported in v10.3, thus making adding manual periods time consuming, tiring and error prone. Now I used the same 5 periods to compare the two, to make sure they both yield the same results.

    You can set more periods, if needed:

    // Meander Bands by Thomas Stridsman
    //
    // https://www.prorealcode.com/prorealtime-indicators/meander-bands-thomas-stridsman/
    //
    // March 3, 2020:    modified to use ARRAYS
    //
    //ONCE Periods    = 5
    //ONCE Deviations = 2
    ONCE    Middle    = 0
    ONCE    MeanderHI = 0
    ONCE    MeanderLO = 0
    MyAvg             = 0
    MyVar             = 0
    StDev             = 0
    FOR i = 0 TO (Periods - 1)
       $barO[i] = (Open[i] - close[i+1]) / close[i+1]
       $barH[i] = (High[i] - close[i+1]) / close[i+1]
       $barL[i] = (Low[i]  - close[i+1]) / close[i+1]
       $barC[i] = (Close[i]- close[i+1]) / close[i+1]
       //-------------- average price --------------------------------------
       Avg      = ($barO[i] + $barH[i] + $barL[i] + $barC[i]) / 4
       MyAvg    = MyAvg + Avg
    NEXT
    MyAvg = MyAvg / Periods
    //-------------- calculation of standard deviation ------------------
    FOR i = 0 TO (Periods - 1)
       MyVar = MyVar + ((square($barO[i] - MyAvg) + square($barH[i] - MyAvg) + square($barL[i] - MyAvg) + square($barC[i] - MyAvg)) / 4)
    NEXT
    //
    StDev = SQRT(MyVar / Periods)
    //
    Middle    = close * (1 + MyAvg)
    MeanderHI = close * (1 + MyAvg + (Deviations * StDev))
    MeanderLO = close * (1 + MyAvg - (Deviations * StDev))
    RETURN Middle AS "MeanderMiddle",MeanderHI AS "MeanderHigh",MeanderLO AS "MeanderLow"

    if you do not import the attached .ITF file, but prefer Copying & Pasting the code into ProBuilder v11, make sure lines 7-8 are uncommented.

    x-1.jpg x-1.jpg Meander-Bands-ARRAYS.itf
    #121117 quote
    Nicolas
    Keymaster
    Master

    Thanks for the update, that definitely shortened the original code! well done.

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Meander Bands updated with ARRAYS


ProBuilder: Indicators & Custom Tools

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
5 years, 11 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 03/04/2020
Status: Active
Attachments: 2 files
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