Good Indicator for range bound, overbought and over sold condition

Discussion in 'AmiBroker' started by Nehal_s143, Jun 17, 2011.

  1. Nehal_s143

    Nehal_s143 Well-Known Member

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    This indicator is working nicely on Nifty 5 min chart

    4 to -4 range bound do not trade
    above 8 be alert with your longs
    below -8 bel alert with your shorts

    Please see attached image for details

    [​IMG]


    only problem is, its in mq4 format, seniors may please help to code it in afl, so that max user on this great forum get benefited
     
    Last edited: Jun 17, 2011
    timepass likes this.
  2. hitesh

    hitesh Active Member

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    Nehal,

    Indicator available at wisestocktrader, reproduced below:-



    Hope this helps.
     
    rakhi_menon likes this.
  3. Nehal_s143

    Nehal_s143 Well-Known Member

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    Thanks hitesh sir for quick reply and afl
     
  4. rakhi_menon

    rakhi_menon Member

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    Thanks hitesh but this error coming after i paste in ami :"error 10
    subscripts out of range"
     
  5. ayush2020

    ayush2020 Well-Known Member

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    which software is this?? where we can find this indicator?? looking very nice in range bound market....

    and what is the name of this indicator???
     
  6. XRAY27

    XRAY27 Well-Known Member

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    Great indicator thank you very much hitesh...........
     

  7. new-to-markets

    new-to-markets Active Member

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    whats this error?

    oo=0;
    hh=0;
    ll=0;
    cc
    ----^

    Error 10.
    Subscript out of range.
    You must not access array elements outside 0..(BarCount-1) range.
     
  8. rrrajguru

    rrrajguru Well-Known Member

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    Mine also comming same error.

    I am using Ami 5.2 .
     
  9. worldastro

    worldastro Active Member

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    error !!!!!!!
     
  10. hitesh

    hitesh Active Member

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    Will attach text file 2morrow.
     
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