Reply To: % from Hurst envelope

Optuma Forums Optuma Scripting % from Hurst envelope Reply To: % from Hurst envelope

#50495
Darren
Darren
  • Topics: 29
  • Replies: 164
  • Posts: 193

Hi Julius,

The next update – due in a couple of weeks – will have a new scripting function called WITHINRANGE() which will make this type of calculation much easier! In the meantime this will calculate when the close is within 2% above/below the upper band of the Hurst Dominancy Envelope (using the default 40 bar/95% settings):

U1 = DOMENV(DEFAULT=UPPERBAND);
CLOSE() > (U1 * 0.98) and
CLOSE() < (U1 * 1.02)

Here’s an example with the above formula used in a Show Bar and Custom Bar Colour scheme:

Capture

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