SD Bands squeeze inside ATR Bands and price crosses above a MA

Author: moja166

Creation Date: 10/22/2020 4:21 PM

Wealth Lab » Trading Strategies » SD Bands squeeze inside ATR Bands and price crosses above a MA

moja166

10/22/2020 4:21 PM

Hello friends

I will be glad to have new strategy and Scanner

It is two bands with Hull MA :

- Average True Range Bands
- Standard Deviation Bands
- Hull Moving Average

the Conditions of the strategy :

Entry Condition : after Standard Deviation Bands squeeze Inside Average True Range Bands and stock price cross over Hull MA up .

Exit Condition : stock price cross down Hull MA

thank in advance

Eugene

10/22/2020 4:40 PM

Hello,

1. How do you define the "Standard Deviation Bands squeeze Inside Average True Range Bands" exactly?

2. Do the two conditions have to be on the same bar or not? If the latter, how many bars without a crossover to invalidate the setup?

moja166

10/22/2020 8:34 PM

Hi Eugene

it will be closer if we say ( SD BANDS SQUEEZE INSIDE ATR BANDS with HullMA )

Every band has its own move but when Standard Deviation Bands squeeze It will trade in a narrow range

At that point when the price cross over hull MA it is a buy sign during Standard Deviation Bands squeeze and it invalidate without a crossover

thank you and I hope I clarified the issue

Eugene

10/22/2020 9:17 PM

Hope this helps:

CODE:
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Size:

Color:

Hope this helps:

[code]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using Community.Indicators;

namespace WealthLab.Strategies
{
	public class SqueezeInside : WealthScript
	{
		private StrategyParameter bbSqueeze;

public SqueezeInside()
		{
			bbSqueeze = CreateParameter("Squeeze %", 6, 1, 8, 1);
		}

protected override void Execute()
		{
			var abU = ATRBandUpper.Series(Bars, Close, 20, 6);
			var abL = ATRBandLower.Series(Bars, Close, 20, 6);
			var bbL = BBandLower.Series(Close, 20, 2);
			var bbU = BBandUpper.Series(Close, 20, 2);
			DataSeries PctBBW = ((bbU - bbL) / Close) * 100;
			PctBBW.Description = "% BB Width";
			var hMA = HullMA.Series(Close, 20);

PlotSeries(PricePane, hMA, Color.Red, WealthLab.LineStyle.Solid, 2);
			ChartPane PctBBWPane = CreatePane(20, true, true);
			PlotSeries(PctBBWPane, PctBBW, Color.Blue, WealthLab.LineStyle.Solid, 2);
			Color fillColor = Color.FromArgb(16, 0, 0, 255);
			PlotSeriesFillBand(PricePane, bbU, bbL, Color.Blue, fillColor, LineStyle.Solid, 1);
			PlotSeriesFillBand(PricePane, abU, abL, Color.Cyan, fillColor, LineStyle.Solid, 1);
			HideVolume();

for (int bar = GetTradingLoopStartBar(20); bar < Bars.Count; bar++)
			{
				if (IsLastPositionActive)
				{
					//Exit Condition : stock price cross down Hull MA
					if(CrossUnder(bar,Close,hMA))
						SellAtMarket(bar + 1, LastPosition);
				}
				else
				{
					//Entry Condition : after Standard Deviation Bands squeeze Inside Average True Range Bands 
					//and stock price cross over Hull MA up
					if (abU[bar] > bbU[bar] && abL[bar] < bbL[bar])
						if (PctBBW[bar] <= bbSqueeze.Value)
						{
							SetBackgroundColor(bar, Color.FromArgb(231, 255, 231));
							if (CrossOver(bar, Close, hMA))
								BuyAtMarket(bar + 1);
						}

}
			}
		}
	}
}[/code]