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How to make a range bound oscillators [RESOLVED]
Rank: Member
Groups: Registered, Registered Users
Joined: 2/27/2006(UTC)
Posts: 20
Location: Adelaide, Australia
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Can anyone help me to convert the following oscillator into a range bound oscillator with OB values and OS values at 70 and 30 respectively:
(C-Mov(C,22,S))*100
Thanks for yr help.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Try this:
[code:1:77f76ed08d]
{ Normalizes indicator to 0~100% boundaries.
From: http://www.metastocktools.com }
{ User inputs }
plot:=Input("plot: [1]Indicator, [2]Oscillator",1,2,2);
pds:=Input("Indicator periods",1,2600,22);
{ Indicator example }
Ind:=C-Mov(C,pds,S);
{ Normalize indicator to historical highs/lows }
Oscillator:=(Ind-Lowest(Ind))
/Max(Highest(Ind)-Lowest(Ind),.000001)*100;
{ Plot:
Indicator on chart, oscillator in own window }
If(plot=1,Ind,70);
If(plot=1,Ind,30);
If(plot=1,Ind,Oscillator)
[/code:1:77f76ed08d]
jose '-)
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Rank: Member
Groups: Registered, Registered Users
Joined: 2/27/2006(UTC)
Posts: 20
Location: Adelaide, Australia
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Thanks Jose, Just what I needed. :)
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How to make a range bound oscillators [RESOLVED]
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