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trendisyourfriend,
I went in and did what you mentioned regarding the BollingerBands
This too is something I never thought to try - thank you for mentioning it
Formula indicator which allows you to generate new series on the fly by formula
Simple formula examples:
CLOSE(0) / CLOSE(1)
(HIGH(0) - LOW(0)) / 2
MATH-LOG10(CLOSE(0))
CLOSE(0) / VALUE(SMA(14), 0)
(CLOSE(0) / CLOSE(1)) * 14
VALUE(SMA(BARS-ARRAY(0),14), …
trendisyourfriend,
Thank you so much for posting the Indicator with the settings/parameters - I'm going to apply the Indicator during today's Trading Session
Hi @trendisyourfriend, do you know if there is any documentation for this indicator anywhere? I've looked over the examples on the indicator download page, but the syntax is a bit confusing for me.
For example, something I'd like to do is divide volume by the bar duration (for non-time based bars), or divide the range of the current bar by the average range over the last 20, but my attempts haven't worked out.
When I hear the term "standard deviation," I immediately think market profile, volume profile, and TPO, which are pretty standard charting tools on any given platform.
Hi, thanks for responding. I figured out the second one - I was only using one "VALUE" and then trying to do the math:
VALUE(ATR(1), 0)/VALUE(ATR(20),0)*100 = percentage range of the current bar compared to the last 20.
I think I also figured out what was wrong with the first - the BarTimes indicator I was using to determine the bar duration isn't supported:
I tried to add it to the indicator but I get the following errors. This might be a post for another section - like coding help - but any thoughts would be welcome:
@BA 21 - I'm not necessarily looking for the standard deviation, that's just the thread where I first saw this indicator. I'm not actually looking for anything specific - I just want to try and gain different perspectives on some of what I see in the market, and this indicator seems like an interesting way to do it. I'm sure there are probably easier ways to go about it, but learning is often in the doing and not the having. Thanks, though.
Sorry @mwf2220, I know you meant no harm, but I have had to delete your post, because it contained a listing in a code window of the code for an indicator, "Formula Indicator", that is in the Downloads section. The Downloads section is exclusively for Elite members and should not be shared with anyone who is not Elite or made available in non-Elite areas of the forum.
I hope you can find someone else who can give you a hand with this, (and any exchange of code will need to be in an Elite thread, obviously) but we do need to keep Elite materials limited to Elite members.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Sorry @TigerStripes, I have had to delete your post, which contains a code window you quoted from a prior post by @mwf2220, where he inadvertently shared the code for an Elite indicator, "Formula Indicator."
If someone makes Elite-only code available in non-Elite areas, we will just have to delete it, and caution the Elite member not to repeat it, which I have done already for his post.
I am not doing this because we are control freaks or would-be dictators. The Elite membership is something that is not free (one lifetime payment, I think about a hundred bucks now, but still not free), and Elite members have paid to get something in exchange for it. One of those things is access to the library of contributed indicator and strategy code. Sharing that code outside of the Elite membership reduces the value to the other Elite members. Being able to offer exclusive perks for Elite membership is also, obviously, of value to the business, and the forum has to run as a business.
Anyone is welcome to not be an Elite member, if they accept the restrictions that this involves (which includes not being able to read Elite threads as well as not having access to the Downloads.) It's a simple choice, but we do insist on it.
Sorry about all this. There's nothing really wrong with your question, and it's a natural one. But the answer is that we don't allow sharing of Elite material outside of the Elite members.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
