Re: bandtraders.com/yesterdays_chart.html

["Jim." <jim_booner@xxxxxxx>]

seems that the stop line is also very important in the bandtraders system.
setup are the bands but the trigger seems to be his stop line.

thanks for the code chris.
jim


----- Original Message -----
From: "Chris Cheatham" <chris@xxxxxxxxxxxxxxxxxx>
To: <carlyhampson@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Tuesday, April 12, 2005 11:23 PM
Subject: Re: bandtraders.com/yesterdays_chart.html


> This is not that exactly, but it works very, very well. Longer period for
> atr than for ave. It is done is 8.1, is set up for "update every tick" to
be
> off, and with round to tick on the right-most bar, so you will need to
tweak
> if that doesn't suit you.
>
> Enjoy,
> Chris
>
> input: price(myprice), MA_len(20), ATR_len(80), ATR_mult(3),
> color(rgb(255,50,50));
> VAR: AvgTR(0), Avg(0), H2(0), L2(0), H1(0), L1(0), Trend(0),
> SF(pricescale/minmove);
>
> AvgTR =AvgTrueRange( ATR_len) ;
> Avg =AverageFC(price,MA_len) ;
> H2 = Avg + ATR_mult * AvgTR ;
> L2 = Avg - ATR_mult * AvgTR ;
> L1 = Avg - ATR_mult*.5 * AvgTR;
> H1 = Avg + ATR_mult*.5 * AvgTR;
>
> plot1(H2,"H2",color,0,1);
> plot2(L2,"L2",color,0,1);
> plot3(L1,"L1",color,0,0);
> plot4(H1,"H1",color,0,0);
> plot5(avg,"Av",color,0,1);
> plot1[-1](Round(H2*SF,0)/SF,"H2",color,0,1);
> plot2[-1](Round(L2*SF,0)/SF,"L2",color,0,1);
> plot3[-1](Round(L1*SF,0)/SF,"L1",color,0,0);
> plot4[-1](Round(H1*SF,0)/SF,"H1",color,0,0);
> plot5[-1](Round(avg*SF,0)/SF,"Av",color,0,1);
>
>
>
>
>
> ----- Original Message -----
> From: <carlyhampson@xxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Tuesday, April 12, 2005 4:40 PM
> Subject: bandtraders.com/yesterdays_chart.html
>
>
> > anyone know anything about these indicators:
> > http://bandtraders.com/yesterdays_chart.html
> > use a modified keltner i believe.
> > if you have it let me know. Thanks
> >
>