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Hello Jose,
Thanks for the reply, and the code. The Roar indicator now lives in
my 'valid trend detection' arsenal.
What I was really looking for is Alan's Range indicator. It plots as
a BB-type MA envelope but, as you'd expect from the name, the bottom
band looks more like an ATR-type trailer, and perhaps the top band
is as well.
I wanted to have a play with Alan's bands to see whether they
offered anything over an ATR envelope. Trawling has gotten me the
code for the three bands, called Top, Middle and Bottom; and it's a
cinch to CnP them.
My original question spoke more to a desire to improve my
understanding of MSFL. What I wanted to be able to do is write a
custom indicator which plots all three at once, a la the BB
indicator.
At this stage, I'm thinking that I need still to create all three
separately and then fml them into a combined one. Am I on the right
track here?
Kind regards and thanks again.
--- In Metastockusers@xxxxxxxxxxxxxxx, "Jose Silva"
<josesilva22@xxxx> wrote:
>
> DJ (from meta-formula.com), if you are reading this, please kindly
> credit the author of your site's Alan Hull's Rate of Return
MetaStock
> indicator code, originally sourced from
> http://www.metastocktools.com/MetaStock/RoR.txt
>
> UncleRanga, the final RoRPlot3 incorporates all three plots. It's
> been years since I've looked at this code, but now all those
nested
> LinRegs look a tad redundant to me. :)
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "uncleranga"
<uncleranga@xxxx>
> wrote:
> > Hi everyone.
> >
> > I've been looking at Alan Hull's Roar and Range indicators, and
> > would like to incorporate both codes.
> >
> > At first, a simple enough CnP of Roar from an Ozzy site which
didn't
> > seem to credit your work Jose. (I found your efforts on Roar
closely
> > thereafter - thanks!)
> >
> > The sources I found plotted the Range indicator as a series of
three
> > lines; each with their own name etc. All very nice, but I was
hoping
> > I could find some help to plot all three as a combined indicator
> > like, say, the Bollinger Bands.
> >
> > (it may very well be that this is already out there; but I
couldn't
> > find it for looking.)
> >
> > Many thanks to one and all, as always.
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