Tether Line

• 03/11/2017 at 1:03 AM #28236
  mastro

  Hi guys,
  is there anybody using the Tether Line indicator ? If so, would you mind passing me the proper coding to implement such an indicator to my ProRealTime platform ?
  I can imagine you may think why I am looking for this specific indicator when there is a plenty of them in the library ….
  Well, it is simply because I am not an expert (actually I am an absolute beginner) and it happens that I would like to test a simple method which implies to use just a couple of indicators, namely the HMA (Hull Moving Average) and the Tether Line.
  While I was able to find the code for the HMA and import it into my platform, I could not find the Tether Line neither within the Italian community nor surfing the net.
  All I was able to find is a description of the coding that you can see attached, but it is coded in another programming language and, despite my effort, I was not able to translate it into the ProRealCode

  Thanks to all for any help,

  Have a nice day,
  Mastro

   

   

  

  mastro

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  03/11/2017 at 3:35 AM #28239
  Wing

  n=50 return (highest[n](high)+lowest[n](low))/2

  1 2	n=50 return (highest[n](high)+lowest[n](low))/2

  Does that work?

  1 user thanked author for this post.

  Nicolas

  

  Wing

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  03/11/2017 at 1:52 PM #28264
  mastro

  Ciao Wing and thank you so much for your help !!!
  Actually your code works pretty good  🙂

  In the meantime I did manage to code the Tether myself in this way:

  Period=50 Upper=0 Lower=0 Upper=highest[Period](High) Lower=lowest[Period](Low) TL=(Upper+Lower)/2 return TL COLOURED(255,255,0) as "Tether Line"

  1 2 3 4 5 6 7

  Period=50 Upper=0 Lower=0 Upper=highest[Period](High) Lower=lowest[Period](Low) TL=(Upper+Lower)/2 return TL COLOURED(255,255,0) as "Tether Line"

  and this is the evidence that I am a beginner !!!!  Your coding is far straightforward and elegant than mine !

  Have a nice weekend !
  Mario

  

  mastro

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