T3Trend Bands
Posted: Sat Nov 24, 2018 5:36 pmFormulas:
MiddleLine[i]=(MiddleLine[i-1]*(BandBars-1)+Close[i])/BandBars,
TopLine[i]=MiddleLine[i]+SmoothRange[i],
BottomLine[i]=MiddleLine[i]-SmoothRange[i], where
SmoothRange[i]=(SmoothRange[i-1]*(BandBars-1)+High[i]-Low[i])/BandBars.
Download:
MiddleLine[i]=(MiddleLine[i-1]*(BandBars-1)+Close[i])/BandBars,
TopLine[i]=MiddleLine[i]+SmoothRange[i],
BottomLine[i]=MiddleLine[i]-SmoothRange[i], where
SmoothRange[i]=(SmoothRange[i-1]*(BandBars-1)+High[i]-Low[i])/BandBars.
Download:
T3TrendBands_JS.jsl- (2.85 KiB) Downloaded 427 times