Code: Select all
*********************************
function preMain()
{
setStudyTitle("Movtrend");
setCursorLabelName("Movtrend", 0);
setDefaultBarFgColor(Color.blue, 0);
setPriceStudy(true);
}
function main(n) {
if(n == null)
n = 20;
var sum = 0;
var i = 0;
var mt = 0;
for(i = n; i > 0; i--)
sum += (i - (n + 1) / 3) * close(i - n);
wt = 6 / (n * (n + 1)) * sum
return wt;
}
Code: Select all
// Moving Trend Band (MTB)
// as described by William Rafter
//
// Author: TJ
// Date: 20090811
// http://www.tssupport.com/forum/viewtopic.php?p=28041#28041
//
input:
Length(20),
Upcol(blue),
Dncol(red);
var:
MovTrend(0),
sd(0),
upband(0),
lowband(0);
{---------- end of variables ----------}
MovTrend = LinearRegvalue( Close, length, 0 );
sd = StdDev(movtrend, length);
upband = MovTrend + sd;
lowband = MovTrend - sd;
Plot10( MovTrend, "MTB");
if movtrend > MovTrend[1] then
SetPlotColor[1](10, upcol)
else
SetPlotColor[1](10, dncol);
plot30(upband, "UpBand");
plot40(lowband, "LowBand");
{---------- end of MTB ----------}