Range Bar Ranger Version 2.0.2
Inputs
SMA: Input for the simple moving average period
EMA: Input for the exponential moving average period
LSMA: Input for the least squares moving average period
*Note: The program looks for and plots the first non-zero input to use for moving average value. If no values are input, the default it 50 period simple moving average. In this example, the plot would be of the 25-period LSMA.
ShowMA
Turns the moving average plot on/off.
ShowMAlabel
If you would like a text label to be displayed on the chart showing the moving average type and period, then this should be set to True.
Indicators On The Chart - Upper
Paint Bars
Green – Long Entry Trigger
Red – Short Entry Trigger
Dark Green – Non-trigger bar in a bullish trend (rising moving average)
Dark Red – Non-trigger bar in a bearish trend (falling moving average)
Potential New Bar Open
The cyan dots at the right of the chart indicate prices levels at which a new bar would be opened.
Time In Bar
Time in minutes is displayed on the right side of the chart.
Moving Average
The moving average selected by the user. Upward-trending moving average is plotted green, and downward-trending moving average is plotted red.
T3 Adaptive Smoothed Average
Information about the T3 can be found in Tim Tillson's article in Stocks & Commodities V16:1(33-37)
Indicators On The Chart – Lower
TLCD
Just as MACD plots the Moving Average Convergence/Divergence between two different-period exponential moving averages, the TLCD plots the convergence/divergence between the T3 Adaptive Smoothing Average and the 12-period LSMA.
This indicator also includes bollinger bands used to identify trends and extremes for the indicator.
Inputs are available for user to select preferred colors for the dots and bollinger bands.
Contact Information:
Robert Graff