In this post we review a volume indicator that didn’t actually work and look at ways to make it work using basic prorealtime indicator coding and enhance it to support making decisions around potentially entering and exiting positions As a bit of a back story, last week I had begun […]
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
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 […]
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 […]
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 […]
// — 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
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