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

Legend

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

Legend

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

Junior

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

Legend
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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