Range Filter by Donovan Wall
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Hello community,
I tried to translate this trading view code into PRT language, but I’m struggling a little and don’t have much time available lately. So I’m sharing it here :https://www.tradingview.com/script/lut7sBgG-Range-Filter-DW/
A quick description :
“//..designed to filter out minor price action for a clearer view of trends.
//Inspired by the QQE’s volatility filter, this filter applies the process directly to price rather than to a smoothed RSI.
//First, a smooth average price range is calculated for the basis of the filter and multiplied by a specified amount.
//Next, the filter is calculated by gating price movements that do not exceed the specified range.
//Lastly the target ranges are plotted to display the prices that will trigger filter movement.//Custom bar colors are included. The color scheme is based on the filtered price trend.”
I think it would benefit everyone to have it on PRT.
Cheers,
Bob
This indicator is now available to download from our ProRealTime codes library: Range filter
(compatible only for PRT v11).
Monochrome thanked this post
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 08/28/2020 |
| Status: | Active |
| Attachments: | 2 files |