Reply To: % from Hurst envelope

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

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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):

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:


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