This indicator removes high-frequency noise from 4 extremely useful measurements:
Volume
Volatility
Trend
Momentum
All plots are normalized after filtration to make comparisons easier.
In the chart, I step through an example trade on TSLA, however, the indicator works well on Currencies and Commodities too.
Comparing side-by-side to other common tools
*RSI: Faster entries and exits *Stochastic: Faster exits and less false positives *Momentum: Not manipulated by low-volume spikes *TTM Squeeze: Regularly 1 bar faster on both entries and exits *MACD: Faster entries and exits
I plan on releasing updates in the future - Alerts, Entry & Exit conditions, and better performance during consolidation.
เอกสารเผยแพร่
⋅
Updated color scheme for easier readability
Updated default settings
Added directionality to volatility squeeze "dots"
Removed function calls with soon to be depreciated arguments
Which TF do you prefer to use with this indicator? Thank you for your job. Now I use only your indicators.
bonfireAlgorithm
⋅
Thank you for this interesting indicator, much appreciated! A couple of questions:
1) Momentum Flex Histogram: I take it this shows the momentum of the Trend Flex Signal?
2) The volume columns: I am curious what these show exactly/how they are calculated.
The updates you mention sounds excellent, looking forward to them!
DasanC
⋅
@bonfireAlgorithm, The momentum line is just price momentum - It would be too slow if I was plotting the momentum of the TrendFlex indicator.
The volume data is extracted from 'On Balance Volume' and small values are filtered via taking the continuous standard deviation
scantor516
⋅
Just found this indicator. Awesome job. Thank you.
Linktind
⋅
@EmpiricalFX great indicator! May I ask you what is the trend line based on?
DasanC
⋅
@Linktind, Based on the "Trendflex" indicator released by John Ehlers about a few years ago.
Linktind
⋅
@EmpiricalFX, thanks! Can you suggest any other indicators worth using together with your "empirical suite"?
DasanC
⋅
@Linktind, The "Laguerre-RSI" is a snappy indicator I use in my day-to-day trading for entries. Way faster than the RSI and less prone to false signals.
DasanC
⋅
@Linktind, I was trading this morning and thought this might be helpful for you to see!
Tommy_bnks
⋅
what a beauty! kudos, great work. will test it for sure. thanks