Knowledgebase:
HighLowBands
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 16 June 2016 09:40 AM

Syntax

Public Function HighLowBands(chart_ID As Long, period As Integer) As String

High Low Bands consist of triangular moving averages calculated from the underling price, shifted up and down by a fixed percentage, and include a median value.

When prices raise above the upper band or fall below the lower band, a change in direction may occur when the price penetrates the band after a small reversal from the opposite direction.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long
period The calculation period, on which the indicator will be calculated, value of type Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (HighLowbands(0,14)) 'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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