Need help translating tradestation code about volatility

jebus89 · 2019-01-23T09:18:46+00:00

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?

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
01/23/2019 at 10:18 AM #89404 quote

jebus89
Participant

Master

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?

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

Nicolas
Keymaster

Legend

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.

jebus89 thanked this post

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

jebus89
Participant

Master

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”?
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Try ProRealAI

Need help translating tradestation code about volatility

ProOrder: Automated Strategies & Backtesting

New Reply

Author

jebus89 @jebus89 Participant

Summary

This topic contains 2 replies,
has 2 voices, and was last updated by jebus89
7 years, 9 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	01/23/2019
Status:	Active
Attachments:	No files