new indicator: GaussTrendChannels

micha2012 · 2025-02-25T13:37:26+00:00

Dear All, today i would like to presend an interesting indicator, which I use frequently for Furures (5min.,1min.) gaining good result. AS alqways, my coding skills are basic..I could not solve last 3x lines for PLOt / DRAWLINE.. {{ DEFPARAM CalculateonLastBars = 500 Length = 200 // Standardlänge // Gaussian Kernel Berechnung ohne Funktion currentWeight = 0 cumulativeWeight = 0 FOR i = 0 TO Length – 1 DO weight = EXP(- (i * i) / (2 * ((Length / 3) * (Length / 3)))) currentWeight = currentWeight + close[i] * weight cumulativeWeight = cumulativeWeight + weight NEXT Ghat = currentWeight / cumulativeWeight // Rolling Standard Deviation Berechnung ohne Funktion sumVal = 0 sumSq = 0 FOR i = 0 TO Length – 1 DO sumVal = sumVal + close[i] sumSq = sumSq + (close[i] * close[i]) NEXT mean = sumVal / Length variance = (sumSq / Length) – (mean * mean) Deviation = SQRT(MAX(variance, 0)) // Berechnungen Upper = Ghat + Deviation Lower = Ghat – Deviation // Plots (Linien) DRAWHLINE(Upper, RGB(0, 120, 255)) // Zeichnet die Linie für Upper DRAWHLINE(Lower, RGB(0, 120, 255)) // Zeichnet die Linie für Lower DRAWHLINE(Ghat, RGB(0, 255, 0)) // Zeichnet die Linie für Ghat RETURN}} Please, could you support me in solving graphical problems? Below, please find a screenshot on trading ideas with this indicator. (5min. channel= blue, yellow / 1min. channel=pink, green) / 1h channel= orange dotted line) Thank you very much. Regards to all!

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02/25/2025 at 2:37 PM #244343 quote

micha2012
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Dear All, today i would like to presend an interesting indicator, which I use frequently for Furures (5min.,1min.) gaining good result. AS alqways, my coding skills are basic..I could not solve last 3x lines for PLOt / DRAWLINE.. {{ DEFPARAM CalculateonLastBars = 500 Length = 200 // Standardlänge // Gaussian Kernel Berechnung ohne Funktion currentWeight = 0 cumulativeWeight = 0 FOR i = 0 TO Length – 1 DO weight = EXP(- (i * i) / (2 * ((Length / 3) * (Length / 3)))) currentWeight = currentWeight + close[i] * weight cumulativeWeight = cumulativeWeight + weight NEXT Ghat = currentWeight / cumulativeWeight // Rolling Standard Deviation Berechnung ohne Funktion sumVal = 0 sumSq = 0 FOR i = 0 TO Length – 1 DO sumVal = sumVal + close[i] sumSq = sumSq + (close[i] * close[i]) NEXT mean = sumVal / Length variance = (sumSq / Length) – (mean * mean) Deviation = SQRT(MAX(variance, 0)) // Berechnungen Upper = Ghat + Deviation Lower = Ghat – Deviation // Plots (Linien) DRAWHLINE(Upper, RGB(0, 120, 255)) // Zeichnet die Linie für Upper DRAWHLINE(Lower, RGB(0, 120, 255)) // Zeichnet die Linie für Lower DRAWHLINE(Ghat, RGB(0, 255, 0)) // Zeichnet die Linie für Ghat RETURN}} Please, could you support me in solving graphical problems? Below, please find a screenshot on trading ideas with this indicator. (5min. channel= blue, yellow / 1min. channel=pink, green) / 1h channel= orange dotted line) Thank you very much. Regards to all!
FDAX1_2025-02-25_13-28-10.jpg

02/25/2025 at 9:37 PM #244359 quote
JS
Participant

Master
Here is the adjusted indicator:
```
DEFPARAM CalculateonLastBars = 500

Length = 200 // Standardlänge

// Gaussian Kernel Berechnung ohne Funktion
CurrentWeight = 0
CumulativeWeight = 0

FOR i = 0 TO Length - 1 DO
Weight = EXP(- (i * i) / (2 * ((Length / 3) * (Length / 3))))
currentWeight = currentWeight + close[i] * weight
cumulativeWeight = cumulativeWeight + weight
NEXT
Ghat = currentWeight / cumulativeWeight

// Rolling Standard Deviation Berechnung ohne Funktion
sumVal = 0
sumSq = 0
FOR i = 0 TO Length - 1 DO
sumVal = sumVal + close[i]
sumSq = sumSq + (close[i] * close[i])
NEXT
mean = sumVal / Length
variance = (sumSq / Length) - (mean * mean)
Deviation = SQRT(MAX(variance, 0))

// Berechnungen
Upper = Ghat + Deviation
Lower = Ghat - Deviation

RETURN Ghat as "Ghat" Coloured(0,255,0), Upper as "Upper" Coloured(0,120,255),Lower as "Lower" Coloured(0,120,255)
```
Iván González, micha2012, robertogozzi and TradingFreedom thanked this post

Schermafbeelding-2025-02-25-om-21.33.53.jpg
02/27/2025 at 4:11 PM #244417 quote

micha2012
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Average

@JS Hello JS, thank you very much – merci beaucoup – bedankt. Great job and support from you…works perfect! One questions: is it possible to display (and code) 5min- channel displayed in 1min- period??? All the best. Thanx Micha
JS thanked this post

02/27/2025 at 4:43 PM #244423 quote
JS
Participant

Master
When you use this indicator, based on a 5-minute timeframe, you can display it in a graph with a 1-minute timeframe…
```
DEFPARAM CalculateonLastBars = 500

TimeFrame(5 minutes,UpdateOnClose)
Length = 200 // Standard Period

// Gaussian Kernel Calculation
CurrentWeight = 0
CumulativeWeight = 0

FOR i = 0 TO Length - 1 DO
Weight = EXP(- (i * i) / (2 * ((Length / 3) * (Length / 3))))
currentWeight = currentWeight + close[i] * weight
cumulativeWeight = cumulativeWeight + weight
NEXT
Ghat = currentWeight / cumulativeWeight

// Rolling Standard Deviation Calculation
sumVal = 0
sumSq = 0
FOR i = 0 TO Length - 1 DO
sumVal = sumVal + close[i]
sumSq = sumSq + (close[i] * close[i])
NEXT
mean = sumVal / Length
variance = (sumSq / Length) - (mean * mean)
Deviation = SQRT(MAX(variance, 0))

// Band Calculations
Upper = Ghat + Deviation
Lower = Ghat - Deviation

TimeFrame(Default)

//Plotting
RETURN Ghat as "Ghat" Coloured(0,255,0), Upper as "Upper" Coloured(0,120,255),Lower as "Lower" Coloured(0,120,255)
```
micha2012 thanked this post

Schermafbeelding-2025-02-27-om-16.40.00.png
02/27/2025 at 5:18 PM #244428 quote

micha2012
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Average

Hello JS, wow..you are the best..great! You saved me a lot of coding (“try and error”).. 🙂 Thank you once again for your fast support and coding. Bedankt! Thanx, Micha
JS thanked this post

02/27/2025 at 5:37 PM #244431 quote

JS
Participant

Master

Thanks, Micha! Hope it works out for you…
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