Ehlers Stochastic script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 32:1: Predictive And Successful Indicators).
Ehlers Roofing Filter script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 32:1: Predictive And Successful Indicators).
Ehlers Super Smoother Filter script. This indicator was originally developed by John F. Ehlers (see his book `Cybernetic Analysis for Stocks and Futures`, Chapter 13: `Super Smoothers`).
The related article is copyrighted material from Stocks & Commodities Mar 2010 You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... WARNING: - This script to change bars colors.
A quadratic regression is the process of finding the equation that best fits a set of data.This form of regression is mainly used for smoothing data shaped like a parabola. Because we can use short/midterm/longterm periods we can say that we use a Quadratic Least Squares Moving Average or a Moving Quadratic Regression. Like the Linear Regression (LSMA) a...
For those who like to trade with the trend instead of against it. This little script shows you what side of the daily/weekly/monthly timeframe open, price is currently trading at so that you dont accidentally trade against the higher timeframe momentum. Timeframes are customizable through the indicator settings panel.
4 separate indicators in one to identify flat/ranging market conditions, with the intention of filtering out MA crosses during periods of flatness (or targetting ranging conditions for mean reversion strats) Options to use any combination of the 4 indicators (AND/OR settings for each indicator combination) and separate config options for each indicator. Updates...
Applying a window to the filter weights provides sometimes extra control over the characteristics of the filter.In this script an hamming window is applied to the volume before being used as a weight.In general this process smooth the frequency response of a filter. Lets compare the classic vwma with hamming windowed vwma Something i noticed is that windowed...
It passes the Rate of Change data through a Butterworth filter which creates a smooth line that can allow for easier detection of slope changes in the data over various periods of times. The butterworth filter line and the rate of change are plotted together by default. The values for the lengths, for both the butterworth filter and the raw ROC data, can be...
When i was in Japan with some traders colleagues we talked about traditional charting tools from this country and how they changed the way we look at our charts today. Then suddenly one of the japanese traders i have met earlier said "Why not making another charting tool ? Smoother than Heikin-Ashi and including all the information a trader may need but easier to...
This indicator simply colors bars when CCI ( commodity channel index ) is above 0 line (green bars) or below (red bars). Add it to you favorites . It is useful as: - Trend detector (eg. green bars -> bullish trend ) - Filter, in combinations with other techniques (eg. green bars, only long) - Signal: (eg. green bar -> buy long) If you find the work useful,...
Single Exponential Smoothing ( ema ) does not excel in following the data when there is a trend. This situation can be improved by the introduction of a second equation with a second constant gamma . The gamma constant cant be lower than 0 and cant be greater than 1, higher values of gamma create less lag while preserving smoothness.Higher values of length ...
Although this script is inspired by the design of Elder Impulse script created by LazyBear, the engine is not the same. The goal of this indicator is to filter price movement, establish direction, and manage risk. This indicator is not be used on its own, its only to be used to help establish entrys and exits. The signals are created using a privately...
Finite Impulse Response (FIR) Filter indicator script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 20:7 (26-31): Zero-Lag Data Smoothers). NOTE: Ehlers' favorite FIR filter had 1, 2, 3, 3, 2, 1, 0 coefficients.
Recursive Median Filter indicator script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 36:03 (8–11): Recursive Median Filters).
Vertical Horizontal Filter was initiated by Adam White. It was first published in a magazine called “Issues of Futures” in August, 1991. The Vertical Horizontal Filter (VHF) is a very common Indicator used by traders to find out the Phase of a Price Trend. Normally, a price trend can be in a Trending Phase or a Congestion Phase/Choppy Movement Phase. Adam...
Gives you an average of which side of the EMA price has close without the noise of the chart. Useful for measuring trend strength or as a trade filter (eg. only go long if above / below)
Visualize support and resistance levels with a high level of user control. Tired of meaningless, tightly clustered, support and resistance lines (shouldn't those just be considered bounces)? Just filter them out with the Bounce Filter. Want to visualize S&R in a crisp, clear new way? Use "Areas of S&R". Want to have a ridiculous amount of control over what...