The Donchian Channel is build using recent lows and highs and can be great for building mean reverting systems, in the video below I cover how I have used it in the Linear Donch Development system
Indicators
How The ROCnROLL Indicator Can Be Used In Prorealtime
The ROCnROLL indicator is a base indicator on ProrealtimeV11 It shows the trend of lack of trend and can be used for both entry signals when working with the trend and exit signals if the trend turns against you When I use the indicator I often use a Summation formula […]
How The VWAP Indicator Can Be Used In Prorealtime
Although the VWAP indicator and VWAP bands have been added to Prorealtime in V11 they are not supported in the Probuilder system building function, this can be overcome using the code below which was the official code provided by Prorealcode.com VWAP gives a good indicator of institutional order flow and […]
How Linear Regression Can Be Used In Prorealtime
Linear regression was one of those indicators available in Prorealtime that I had never used until now…… I experimented with the indicator following seeing it in Artificalls ebook the short version being that it is a sort of more responsive moving average in a similar way to the Hull moving […]
On Price RSI Indicator
// — 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) […]
Volume As A Buy And Sell Histogram
//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