Need help translating tradestation code about volatility

• 01/23/2019 at 10:18 AM #89404
  jebus89

  Hi, need some help understanding this code:

  Input: entry6_xr(5), entry6_daysback(10);
  Var: entry6_rrange(0);
  entry6_rrange=high-low;
  if entry6_rrange>2*stddev(entry6_rrange, entry6_xr)+average(entry6_rrange, entry6_xr) and close>close[entry6_daysback] then buy next bar at market;
  if entry6_rrange>2*stddev(entry6_rrange, entry6_xr)+average(entry6_rrange, entry6_xr) and close<close[entry6_daysback] then sellshort next bar at market;

   

  Exactly how does this one work?

  

  jebus89

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  01/23/2019 at 10:47 AM #89408
  Nicolas

  It is a kind of volatility test, as a simple test if candlestick range is above/below bollinger bands of 2 standard deviation (average & std dev are calculated also with candlesticks ranges instead of the usual Close) and if actual Close is above/below Close “entry6_daysback” ago.

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  jebus89

  

  Nicolas

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  01/23/2019 at 10:55 AM #89411
  jebus89

  Im gonna have to see the (prt)code to undertsand this i think, if you dont mind Nicolas.

  Are you saying that instead of saying “Close > bollingerup”, this is saying “Range(high-low) > bollingerup”?

   

  Cant you do the same with just “high > bollingerup”?

   

  

  jebus89

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