Hi all,
Just wanting to ask, before I try to re-invent a wheel that someone else has already made (and possibly included in WL8 base functionality already)...
Is there a pre-built function that can identify upper and lower limits to a trading range for range-bound price-actions in a given time frame. And then take those upper and lower bounds to write a simple oscillator buy/sell?
Thanks,
-bd
Just wanting to ask, before I try to re-invent a wheel that someone else has already made (and possibly included in WL8 base functionality already)...
Is there a pre-built function that can identify upper and lower limits to a trading range for range-bound price-actions in a given time frame. And then take those upper and lower bounds to write a simple oscillator buy/sell?
Thanks,
-bd
Rename
I think if you search the forum for something specific such as:
Donchian Channel(s)
Bollinger Band(s)
Stochastic indicator(s)
KeltnerATR Band(s)
... you may find some WL examples. If you have a specific question about one of these methods, post your question to the topic discussing that specific method.
Donchian Channel(s)
Bollinger Band(s)
Stochastic indicator(s)
KeltnerATR Band(s)
... you may find some WL examples. If you have a specific question about one of these methods, post your question to the topic discussing that specific method.
You may also be surprised to discover Price Grid Editor's ability to define what a trading range is according to your taste and then find it on the charts:
https://www.wealth-lab.com/extension/detail/ChartPatterns#screenshots
https://www.wealth-lab.com/extension/detail/ChartPatterns#screenshots
Thanks @superticker and @Eugene! I will definitely check out those suggestions.
I have Bollinger Bands set up already. I was thinking more along the lines of creating something similar to support/resistance (flat lines that contain the majority of recent prices until break-out/break-down).
Thanks again.
I have Bollinger Bands set up already. I was thinking more along the lines of creating something similar to support/resistance (flat lines that contain the majority of recent prices until break-out/break-down).
Thanks again.
QUOTE:
support/resistance (flat lines that contain the majority of recent prices until break-out/break-down)
Hmm. It might be worthwhile to take a look at the HiLoLimit indicator that's in the Community indicator library. That's more about support/resistance.
http://www2.wealth-lab.com/WL5Wiki/HiLoLimit.ashx
Your Response
Post
Edit Post
Login is required