Coral indicator

[Alexander.Gettinger]

This indicator was required: viewtopic.php?f=27&t=3476&p=8340#p8340

Formulas:
Coral[i]=-0.064*Buff6[i]+0.672*Buff5[i]-2.352*Buff4[i]+2.744*Buff3[i], where
Buff6[i]=Coeff*Buff5[i]+(1-Coeff)*Buff6[i-1],
Buff5[i]=Coeff*Buff4[i]+(1-Coeff)*Buff5[i-1],
Buff4[i]=Coeff*Buff3[i]+(1-Coeff)*Buff4[i-1],
Buff3[i]=Coeff*Buff2[i]+(1-Coeff)*Buff3[i-1],
Buff2[i]=Coeff*Buff1[i]+(1-Coeff)*Buff2[i-1],
Buff1[i]=Coeff*Price+(1-Coeff)*Buff1[i-1].

Download:

Coral.lua

(2.36 KiB) Downloaded 2022 times

The indicator was revised and updated

[braumann]

Could you change the color of CORAL when he go up(green) and down(red) please ?

Thank you !

[Apprentice]

Color Option Added.

[braumann]

Thanks

[cigarguy]

Apprentice, I realize that this indi has been completed for some time, but compared this coral to the THV coral on their thread using different time frames and noticed the THV coral is somewhat faster and gives signals faster. I know nothing about codes, but curious if you could explain how they differ? and is their a method for the user to input different paremeters to be similar to the THV coral? Thanks for your great work and indicators.

Larry aka Cigarguy

[Apprentice]

I can not find the "other" version, which you mention, can you post the link where it can be found.

[Apprentice]

Indicator was revised and updated.