Help Coding A Straight Envelope in ProRealTime Please

tradingjamie · Jan 29, 2012, 8:44am

Hello All,

Would anyone be able to help me coding a straight envelope in prorealtime please.

Essentially, the code I have so far is:

Code:

myEma= exponentialaverage[21](close)

upperband = myEma +(myEma * COEFF)
lowerband = myEma -(myEma * COEFF)

return upperband,lowerband

where COEFF (the coefficient) is a user defined variable, which I set to default to 0.05

Now the problem is that 0.05 doesn't work for all stocks - so that I find for some stocks I need to manually adjust COEFF to make the envelope fit the stock properly (i.e. the envelope touches the highest high made in the past 3 months, or lowest low)

Does anyone know how to do this?

Thanks

gedward3 · Jan 29, 2012, 10:42pm

Quote:

Originally Posted by tradingjamie

Hello All,

Would anyone be able to help me coding a straight envelope in prorealtime please.

Essentially, the code I have so far is:

Code:

myEma= exponentialaverage[21](close)

upperband = myEma +(myEma * COEFF)
lowerband = myEma -(myEma * COEFF)

return upperband,lowerband

where COEFF (the coefficient) is a user defined variable, which I set to default to 0.05

Now the problem is that 0.05 doesn't work for all stocks - so that I find for some stocks I need to manually adjust COEFF to make the envelope fit the stock properly (i.e. the envelope touches the highest high made in the past 3 months, or lowest low)

Does anyone know how to do this?

Thanks

Hi Jamie,

Just log onto the Prorealtime site as they will code this for free for you. I asked them to do a BB Squeeze a while back and they did it no problems. If you need this let me know and i'll dig it out for you

ProRealTime: Financial Technical Analysis Software & Real-Time Market Data

They also have loads of strategies and indicators already coded

ProRealTime: Financial Technical Analysis Software & Real-Time Market Data

Ged

Jan 29, 2012, 8:44am	#1
tradingjamie New Member Member Since Jan 2008 1 Posts	Help Coding A Straight Envelope in ProRealTime Please Hello All, Would anyone be able to help me coding a straight envelope in prorealtime please. Essentially, the code I have so far is: Code: myEma= exponentialaverage[21](close) upperband = myEma +(myEma * COEFF) lowerband = myEma -(myEma * COEFF) return upperband,lowerband where COEFF (the coefficient) is a user defined variable, which I set to default to 0.05 Now the problem is that 0.05 doesn't work for all stocks - so that I find for some stocks I need to manually adjust COEFF to make the envelope fit the stock properly (i.e. the envelope touches the highest high made in the past 3 months, or lowest low) Does anyone know how to do this? Thanks

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