Topic: New Indicators - Bar Range Oscillator and Drawn
Removing this indicator -- does not work properly.
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Forex Software → Technical Indicators → New Indicators - Bar Range Oscillator and Drawn
Removing this indicator -- does not work properly.
Bar Range Drawn - does not affect entry or exiting, only for visualization. For entry/exiting, use FSB's Bar Range. Or if you have an idea of how to make use it, feel free to post; I'm sure it has more potential than what I've done with it.
Bar Range Oscillator - allows for rising, falling, and higher or lower than the level line.
Within the lookback period, if the bar hits/pushes the upper range, it's added to the up count. If it hits/pushes the lower range, it's added to the down count.
Histogram = (count of bars moving range up) - (count of bars moving range down)
Possible Interpretations:
Ex 1: Bar Range rises, and Bar Range Oscillator rises: price is breaking upwards out of a range
Ex 2: Bar Range rises, and Bar Range Oscillator rises: price is breaking downwards out of a range
Ex 3: Bar Range falls, and Bar Range Oscillator falls: price is failing to make new highs, uptrend could be running out
Ex 4: Bar Range stays mostly the same, and Bar Range Oscillator remains high: uptrend continuing with new highs being made
There may be other interpretations; feel free to comment, these are only my humble guesses. I hope you find these indicators helpful.
Thanks for pointing that out -- I think I've got it fixed, I've reattached the zip to the first post with an updated file for that indicator.
Removing this indicator -- does not work properly.
Im getting some strange results when i use the BarRangeBands.cs with another indicator.
Like when we choose the "Opening Point": "BAR OPENING"
Thanks for noting a problem. I didn't test it out much with many of the other indicators, so I am sure there will be several strange results or indicators it does not work with.
As for using the Open with Bar Range Bands, it is very possible it is not a useful case. For example, you know the Opens when you backtest, so BRB may give some signals; however, in the real world, it would not work because the Open is not known until it happens.
I'd like to see your problem to verify it's not the indicator as I have coded it. Could you post your strategy? Then I'll be able to take a look at it and give some feedback.
How to post strategy:
1. Create a strategy that produces the strange results.
2. Save new strategy as "BRB_strange_results".
3. Go to your install folder, probably something like "C:\Program Files\Forex Strategy Builder\Strategies"
4. Copy "BRB_strange_results.xml" to your desktop (or somewhere easy to find)
5. Submit a comment
6. Edit your comment
7. Look for "Attachments" field, next to it click "Browse..." button
8. Find and select "BRB_strange_results.xml"
9. Click "Add file" button
Then, I'll be able to run your strategy and investigate the strange results. It would help a lot too if you could describe the strange results, then I will know what to look for.
Thanks !!
Thanks!
Hello Krog and footon
Where is the Bar Range Osc
Regards
Hello Krog and footon
Where is the Bar Range Osc
Regards
I got no idea... Maybe in Krog's recycle bin.
Forex Software → Technical Indicators → New Indicators - Bar Range Oscillator and Drawn
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