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IB range + 150%

Chris Olsen
asked this on January 10, 2011 08:56

Hi,
I have been using a custom indicator for a while which is the 200% of IB
Range and then I came upon your blog post and I have the same RTL as you do
for 200% but I cannot figure out the 150% IB range and I was hoping you
could point me in the right direction for coding the CI which is 150%.

Thanks
 

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Andrew Stoeckley
MarketDelta LLC
Ajax_loader_small Answer

Hey! Thanks for reading the blog.

The SESST tokens would be the same as mentioned in the blog post. Only the math changes, since we are looking at the 150% level instead of the 200% level.

Since the 150% IB Low, for example, takes half the IB level and extends it south of the IB Low, then simply halve the IB level in the math before the subtraction, as follows:

SESST_LOW - 0.5 * (SESST - SESST_LOW)

Sometimes, the IB does not cut in half easily, such as when the IB is 2.25 points, so this level could be off by a maximum of 1 tick in some cases, based on this math. You could refine it further to be more accurate if you care about the 1 tick discrepancy, but hopefully this will get you thinking.

January 10, 2011 10:18
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