Acceleration Bands

TradeTheLevel · January 15th, 2018, 08:34 PM

Coders,

Would any of y'all be able to make an acceleration bands indicator for tradestation? I have the code from tradingview which is pine script. Im not sure if it helps or not.

Code

study("Acceleration Bands", overlay=true)
factor= input(0.001)
length = input(20)
Upperband = high * ( 1 + 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ))
Lowerband = low * ( 1 - 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ))
Central = (Upperband  + Lowerband) / 2

ma(src, len) => sma(src, len)

plot(ma(Upperband, length), color=red)
plot(ma(Central, length), color=orange)
plot(ma(Lowerband, length), color=red)

ABCTG · January 16th, 2018, 05:08 AM

TradeTheLevel,

you will be able to find a few studies in the official Tradestation forum, this should get you going.

Apart from that with making "factor and length" inputs and UpperBand, LowerBand and Central variables, the code
you posted won't require much of a change, except a semicolon at the end of every statement. Finally using the three variables as price input for the Average function will give you the three smoothed band values that you can then plot.

Regards,

ABCTG

olobay · January 16th, 2018, 08:20 PM

TradeTheLevel

Coders,

Would any of y'all be able to make an acceleration bands indicator for tradestation? I have the code from tradingview which is pine script. Im not sure if it helps or not.

Code

study("Acceleration Bands", overlay=true)
factor= input(0.001)
length = input(20)
Upperband = high * ( 1 + 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ))
Lowerband = low * ( 1 - 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ))
Central = (Upperband  + Lowerband) / 2

ma(src, len) => sma(src, len)

plot(ma(Upperband, length), color=red)
plot(ma(Central, length), color=orange)
plot(ma(Lowerband, length), color=red)

I coded most of it but I'm not sure about this line:

ma(src, len) => sma(src, len)

Maybe @ABCTG can shed some light? As it's coded right now, it's almost exactly the same as Keltner bands with the same length but a 2.5 ATR. Compare it on a TradingView chart .

Code

Input: factor(0.001), length(20);

Vars: Upperband(0), Lowerband(0), Central(0);

Upperband = high * ( 1 + 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ));
Lowerband = low * ( 1 - 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ));
Central = (Upperband  + Lowerband) / 2;

//ma(src, len) => sma(src, len)  NOT SURE WHAT THIS DOES

plot1(Average(Upperband, length));
plot2(Average(Central, length));
plot3(Average(Lowerband, length));

TradeTheLevel · January 16th, 2018, 09:17 PM

olobay

I coded most of it but I'm not sure about this line:

ma(src, len) => sma(src, len)

Maybe @ABCTG can shed some light? As it's coded right now, it's almost exactly the same as Keltner bands with the same length but a 2.5 ATR. Compare it on a TradingView chart .

Code

Input: factor(0.001), length(20);

Vars: Upperband(0), Lowerband(0), Central(0);

Upperband = high * ( 1 + 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ));
Lowerband = low * ( 1 - 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ));
Central = (Upperband  + Lowerband) / 2;

//ma(src, len) => sma(src, len)  NOT SURE WHAT THIS DOES

plot1(Average(Upperband, length));
plot2(Average(Central, length));
plot3(Average(Lowerband, length));

Thanks for doing this. I'll take a look when im able. From what I can tell online, the formula is all you need. Not sure what the extra like is. I have no idea how to code. But some things I can point out understand.

Sent using the futures.io mobile app

ABCTG · January 17th, 2018, 03:07 AM

olobay,

good job. The line you are not sure about appears to be a function declaration and it wouldn't be needed in EasyLanguage.

Regards,

ABCTG

olobay

I coded most of it but I'm not sure about this line:

ma(src, len) => sma(src, len)

Maybe @ABCTG can shed some light? As it's coded right now, it's almost exactly the same as Keltner bands with the same length but a 2.5 ATR. Compare it on a TradingView chart .

Code

Input: factor(0.001), length(20);

Vars: Upperband(0), Lowerband(0), Central(0);

Upperband = high * ( 1 + 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ));
Lowerband = low * ( 1 - 2 * (((( high - low )/(( high + low ) / 2 )) * 1000 ) * factor ));
Central = (Upperband  + Lowerband) / 2;

//ma(src, len) => sma(src, len)  NOT SURE WHAT THIS DOES

plot1(Average(Upperband, length));
plot2(Average(Central, length));
plot3(Average(Lowerband, length));

mailonline38 · January 17th, 2018, 03:37 PM

TradeTheLevel

Coders,

Would any of y'all be able to make an acceleration bands indicator for tradestation? I have the code from tradingview which is pine script. Im not sure if it helps or not.

Here is my code which I wrote long time ago.

Quoting

{Acceleration Bands:
Acceleration Bands are typically used to spot breakouts.
When a stock’s price closes above the upper band consecutively
over a period of two or more bars, the stock’s price may be in
a period of acceleration – that is, its price has made a significant
move over a short period of time. Movement of the close price back
into the band may be a sign that the period of acceleration is coming to an end.
Len_AB 20 to 80}

Input: Len_AB(20);
Vars: Upperband(0), Lowerband(0);

{For upper band}
Upperband = (H*(1+2*((((H-L)/((H+L)/2))*1000)*0.001)));
Plot1(AverageFC(Upperband, Len_AB), "UpBand");

{For lower band}
Lowerband = (L*(1-2*((((H-L)/((H+L)/2))*1000)*0.001)));
Plot2(AverageFC(Lowerband, Len_AB), "LoBand");

Hope it help! Good Trading.

MoL

TradeTheLevel · January 17th, 2018, 04:49 PM

TradeTheLevel

Thanks for doing this. I'll take a look when im able. From what I can tell online, the formula is all you need. Not sure what the extra like is. I have no idea how to code. But some things I can point out understand.

Sent using the futures.io mobile app

Im pretty new at this. I copied the code in the easy language editor and clicked verify under build. I noticed the indicator showed up in the indicator list.
The indicator prints on the scree like an occilator "for example like how a rsi plots at the bottom of the screen". It should wrap price like bollinger bands do

Here is tradingview

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Here is TS

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TradeTheLevel · January 17th, 2018, 04:54 PM

mailonline38

Here is my code which I wrote long time ago.

Hope it help! Good Trading.

MoL

Same thing with yours. How do I get the indicator to wrap around price and add like an oscillator. must be how I built it, or do I need to apply more code? Im very new tradestation so Im trying to learn here.

wldman · January 17th, 2018, 05:57 PM

can you change the display in settings? Or just rip a tiny piece of code?

I am NOT a code guy...the antithesis actually, but I think this can be done pretty easy.

olobay · January 17th, 2018, 08:03 PM

@TradeTheLevel,

I have Multicharts but I assume TS is the same.

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When I double click on the indicator on my chart, it opens up a format study window where you can change all the parameters.

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I'm sure TS has a similar feature. You need to go to the Properties tab and change it to Subchart 1:

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Then you need to go to the Scaling tab and change it to Same as instrument:

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I recommend clicking on the Use as default button if you have one in TS to change the default so you don't have to do this every time you apply the indicator.

Acceleration Bands

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Acceleration Bands

Acceleration Bands

September Journal Challenge (sponsored by TopstepTrader)

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Trading with Python: Using Machine Learning w/Ran Aroussi [12:30PM ET]

TopstepTrader (TBD)

RandBots (TBD)

Anthony Drager (TBD)