Information
Username: | Krenttrader |
Member since: | 03 Feb 2014 |
Last login: | 03 Feb 2014 |
Status: | Active |
Activity
Where | Created | Comments |
---|---|---|
Algorithms | 0 | 5 |
Forum Topics | 1 | 2 |
Jobs | 0 | 0 |
Last Algorithm Comments
To sum up. There will be additional 3 lines equally distributed between current bands.
The way i do it is that on the current candle, I calculate how many pips between the current high band and low band, then divided it by 2, then i add the result to the to the lowest band -- this it is my middle line
For example:
Upper band is 160.60
Lower band is 160.20
total pips between bands= 40
40 divided by 2 is 20
I then add .20 to 160.20 .. equals 160.40 (this is my middle line)
For manually plotting the other two bands (option 2 ) I apply the same logic and calculation. So this is really a hard work plotting it manually. i really appreciate your help on this on.
Thank you
I really appreciate your assistance on this indicator. Currently, I do this manually and it is a pain doing it.
Thank you so much, developers. Your hard work is very much appreciated
Request 1 (option 1)
Can you please add option to have an average line (middle band) to be plotted between existing bands
Request 2 (option 2)
If possible can you also add option to plot the average between middle band highest high and plot another band with the average between middle band and lowest low band.
Thank you so much for your help.
Kent
Okay since no one cares about fixing this indicator, I'll throw in my methodology.
Chart 30m
HighestHigh_LowestLow : 15 15
Manual calculation: 1. On current developing candle, calculate the average between upper band and lowerband
Plot in manually the median band
1. If price is higher than the median band, it is a buy bias
2. If price is lower than the median band, it is a sell bias
There are 3 more indicators using them as filters that I will share when someone helps me alter this indicator.
Check it out yourself, you may able be able to figure you what the other indicators that I am using.
I have been using this methodology for 9 months now with success.