Prorealtime Automated Trading Strategies And Training
// — settings rsiperiod=14 ATRperiod = 20 maPeriod = 20 maMethod = 0 overBought = 70 overSold = 30 // — end of settings maPrice = customclose dTR = 0 for i = 0 to ATRperiod–1 dTR=dTR+max(abs(Dhigh(i)–Dlow(i)),max(abs(Dhigh(i)–Dclose(i+1)),abs(Dlow(i)–Dclose(i+1)))) next avgRange = dTR/ATRperiod maValue = average[maPeriod,maMethod](maPrice) rsivalue = rsi[rsiperiod](maPrice) //—- Buffer1=maValue Buffer2=maValue+(avgRange*(overBought–50)/100) […]
//o=open hi=high l=low c=close v=volume buying=v*(c–l)/(hi–l) selling=v*(hi–c)/(hi–l) sv=selling bv=buying return bv coloured(0,255,0) style(histogram) ,sv coloured(255,0,0) style(histogram) How To Add Indicator
IF OpenTime = 140000 Then MyHighest = high MyLowest = low Endif If OpenTime > 140000 and OpenTime <= 160000 Then MyHighest = max(MyHighest,high) MyLowest = min(MyLowest,low) Endif
Two Stage ATR Based Trailing Stop // ================trailing atr stop VIRTUAL================== if enabletsvir then // once stepsvir=0 once minatrdistvir=0 once atrtrailingperiodvir = 2 // atr parameter once minstopvir = 10 // minimum distance if barindex=tradeindex then trailingstoplongvir = 5 // trailing stop atr distance trailingstopshortvir = 5 // trailing stop atr distance else if longonmarket then if […]
ATR Based Trailing Stop With In Built Graph Function // trailing stop atr once enablets=1 once displayts=1 if enablets then // once steps=0.05 once minatrdist=3 once atrtrailingperiod = 14 // atr parameter value once minstop = 10 // minimum trailing stop distance if barindex=tradeindex then trailingstoplong = 5 // trailing stop atr […]
The indicator shows higher highs, higher lows, lower highs, lower lows along with pivot support and resistance levels and is a great tool both for manual and automated trading HH HL LL LH Levels Final Automated Trading Ideas: 1 Reversal patterns 2 Breaks of support/resistance 3 Retests of breaks (getting […]
During the discussion around the true range break out system I had an idea to use Average True Range (ATR) for the initial stop loss, trailing stop and potentially profit values. This post focusses on the mechanics of the stop, next week I will post a video on how to […]
Trendline break – Indicator Code Overview Of Code And Return Signal For Use In ProOrder Trading Systems
True Range Break Out Signal Average True Range Investopedia Definition This indicator looks for a candle stick that has a height(range) greater than those in the average over a define period times a multiplier, the idea being that a value above 2*ATR for example is statistically significant indicating a break […]
The code incorporates: Position sizing Flat stakes switch Quit rule Min and max position sizing Reinvestment rules In order to calibrate the system run with flat size and £1 per point and take the draw down value from the report and update the DDM figure Generally existing codes will have […]