Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
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Plot this indicator on top of the Price chart, Change the color of each line and style to dots and thickness to a medium weight
Per1:=Input("max length",10,100,30);
RWH:=(H-Ref(L,-Per1))/(ATR(Per1)*Sqrt(Per1));
RWL:=(Ref(H,-Per1)-L)/(ATR(Per1)*Sqrt(Per1));
Pk:=Mov((RWH-RWL),3,W);
AVTR:=Mov(HHV(H,2) - LLV(L,2),20, S);
SD:=Stdev(HHV(H,2) - LLV(L,2),20);
Val6:=If(Pk>0,HHV(H-AVTR-(4*SD),20),LLV(L+AVTR+(4*SD),20));
Val5:=If(Pk>0,HHV(H-AVTR-(3*SD),20),LLV(L+AVTR+(3*SD),20));
Val4:=If(Pk>0,HHV(H-AVTR-(2*SD),20),LLV(L+AVTR+(2*SD),20));
Val3:=If(Pk>0,HHV(H-AVTR-SD,20),LLV(L+AVTR+SD,20));
Val2:=If(Pk>0,HHV(H-AVTR,20),LLV(L+AVTR,20));
Val1:=If(Pk>0,HHV(H-AVTR+SD,20),LLV(L+AVTR-SD,20));
Val6;Val5;Val4;Val3;Val2;Val1;
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