PRT Bands – the ProRealTime trend following indicator

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  • 06/14/2021 at 3:38 PM #171750 quote
    guscher1
    Participant
    New

    Hi I would like to use this for quick trades or scalping the indices, could this work for

    these? Thanks.

    06/14/2021 at 4:33 PM #171757 quote
    Nicolas
    Keymaster
    Master

    Yes, but I would recommend this other (not free) indicator from the same author: https://market.prorealcode.com/product/extratrend-an-indicator-for-technical-traders-and-chartists/

    guscher1 thanked this post
    04/13/2022 at 4:10 PM #191715 quote
    cashbtctrade
    Participant
    New

    Hi nicolas can you  convert a prt bands in code proscreener, thanks

    Tony

    04/13/2022 at 4:11 PM #191716 quote
    Nicolas
    Keymaster
    Master

    There are a lot of screeners for PRT Bands available in the french topic there: PRT Bands – l’indicateur de trend following de ProRealTime

    jamesfx thanked this post
    08/06/2023 at 10:15 PM #218653 quote
    kvacksa87
    Participant
    New

    is there any automatic strategy that buys short on the top 4 hour graph and sells in the middle? and buy long on the lowest band and sell on the middle? which can be run on the best timeframe

    08/07/2023 at 9:02 AM #218665 quote
    Nicolas
    Keymaster
    Master

    The following strategy SELLSHORT at top of the band when trend is read and BUY at bottom of the band when trend is green:

    up = PRTBandsUp
dn = PRTBandsDown
 
if close crosses over up and trend <= 0 then
trend = 1
elsif close crosses under dn and trend >= 0 then
trend = -1
endif

if onmarket then 
set target price (up+dn)/2
endif 

if trend=1 and not longonmarket and close>dn then 
buy 1 contract at dn limit 
endif 

if trend=-1 and not shortonmarket and close<up then
sellshort 1 contract at up limit
endif
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PRT Bands – the ProRealTime trend following indicator


General Trading: Market Analysis & Manual Trading

New Reply
Author
author-avatar
Nicolas @nicolas Keymaster
Summary

This topic contains 35 replies,
has 15 voices, and was last updated by Nicolas
2 years, 6 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 08/17/2020
Status: Active
Attachments: 16 files
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