High Low Bands
Posted by Mohammad Rahhal, Last modified by Abdullah Almasharfah on 15 December 2018 11:48 AM

 

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

Interpretation
When prices rise 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.

Note
StandardDeviations is an integer specifying the value to use in the standard deviations calculation.
MAType is an integer specifying the moving average type to be used (Simple = 1, Exponential = 2, TimeSeries = 3, Variable = 4, Triangular = 5, Weighted = 6, VIDYA = 7).

Class: Bands

Syntax

Public function HighLowBands(ByRef Data As Database, ByRef HighPrice As Field, ByRef LowPrice As Field, ByRef ClosePrice As Field, ByVal Periods As Integer) As RecordSet

 

Return Type Object type of Recordset
Default Field Name(s) HighLowBandsTop, HighLowBandsMedian, HighLowBandsBottom

 

Sample

Public Sub main()

        'Variables

        Dim _symbolInfo As VTLGeneral.CSymbol=ClientCode.GetSymbolByName("EUR/USD")

        Dim DB As New VTLGeneral.Database()

        Dim rsOHLCV As New VTLGeneral.RecordSet()

        Dim RecordCount As Integer

        Dim m_Recordset As VTLGeneral.RecordSet

        Dim _historyData As object()

        Dim output As String

        Dim Record As Integer

        Dim m_Date As VTLGeneral.Field

        Dim m_Open As VTLGeneral.Field

        Dim m_High As VTLGeneral.Field

        Dim m_Low As VTLGeneral.Field

        Dim m_Close As VTLGeneral.Field

        Dim j As Integer = 0

        Dim i As Integer = 0

        Dim _recordCount As Integer =ClientCode.Bars(_symbolInfo.ID.VTLGeneral.ENUM_PERIOD.Day)
        

        m_Recordset = DB.CreateRecord

        m_Open = New VTLGeneral.Field

        m_High = New VTLGeneral.Field

        m_Low = New VTLGeneral.Field

        m_Close = New VTLGeneral.Field
 

        DB.RecordCount = _recordCount

        RecordCount = _recordCount
 

        'Initialize Recordsets

        m_Open.initialize(_recordCount-1, "Open")

        m_High.initialize(_recordCount-1, "High")

        m_Low.initialize(_recordCount-1, "Low")

        m_Close.initialize(_recordCount-1, "Close")

        'load high, low ,open and data

         _historyData = ClientCode.GetChartHistory(_symbolInfo.ID, VTLGeneral.ENUM_PERIOD.Day,VTLGeneral.ENUM_HISTORY_TYPE.HIS_HIGH, _recordCount)
 

         For i  = 0 To _recordCount-1

                m_High.setValue(i,_historyData(i))

         Next
 

        _historyData = ClientCode.GetChartHistory(_symbolInfo.ID, VTLGeneral.ENUM_PERIOD.Day,VTLGeneral.ENUM_HISTORY_TYPE.HIS_LOW, _recordCount)
 

        For i  = 0 To _recordCount-1

                m_Low.setValue(i,_historyData(i))

        Next 


        _historyData = ClientCode.GetChartHistory(_symbolInfo.ID, VTLGeneral.ENUM_PERIOD.Day,VTLGeneral.ENUM_HISTORY_TYPE.HIS_OPEN, _recordCount)
 

        For i  = 0 To _recordCount-1

                m_Open.setValue(i,_historyData(i))

        Next 


        _historyData = ClientCode.GetChartHistory(_symbolInfo.ID, VTLGeneral.ENUM_PERIOD.Day,VTLGeneral.ENUM_HISTORY_TYPE.HIS_CLOSE, _recordCount)
 

        For i  =  0 To _recordCount-1

                m_Close.setValue(i,_historyData(i))

        Next 
 

        m_Recordset.addField(m_Open)

        m_Recordset.addField(m_High)

        m_Recordset.addField(m_Low)

        m_Recordset.addField(m_Close)
 

        'HighLowBands indicator

        Dim _indRecord As New  VTLGeneral.RecordSet()

        Dim bnd As New VTLGeneral.Bands()

        _indRecord = bnd.HighLowBands(DB,m_High,m_Low,m_Close,14)
 

        For i = 1 To DB.getRecordCount

                output = output  &  CSTR(_indRecord.getValue("HighLowBandsMedian", i) ) & vbcrlf

        Next
 

        GUI.MsgDialog(output)

 

End Sub

 


See Also


Back to VTL Server Script Index

 

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