The idea is help traders to see the patterns and levels from a different point o view.
This script create candlestick using the opening, high, low and close price as source on your favorite function.
It's very simple to use:
Select a function in the drop box list, the number of bars length, check or uncheck the boxes to treat source as logarithm, smooth, and...
A comfortable Volume Indicator with the following features:
Darker colors indicate positive changes
Light colors indicate negative changes
There are separate colors for changes above a configurable threshold
The threshold can look at percentages changes in either volume (directly) or the volume at log scale.
The graph itself is always displayed in...
A study of moving averages that utilizes different tricks I've learned to optimize them. Included is Bollinger Bands, Guppy (GMMA) and Super Guppy.
The method used to make it MtF should be more precise and smoother than regular MtF methods that use the security function. For intraday timeframes, each number represents each hour, with 24 equal to 1 day. For daily,...
Similar to basic EMA Ribbon indicator except uses log-space transformation. Should be better on very long timeframes and for determining beginning of a bull market. The tradeoff is that it is slower than regular EMA near peaks (regular EMA will outperform this indicator when determining when to sell).
logarithmic exponential moving average
plots 3 lines instead of 1
default is 50,100,200
use standard scale instead of log, for this to work properly.
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On charts with medium or low volatility, this indicator behaves identically to standard Moving Average. On highly volatile charts, this indicator is more stable because the calculation is performed in log space. For convenience, the indicator starts from the second candle (much earlier than regular MA).
This indicator is in principle similar to Stochastic Oscillator, but contains the following improvements:
- advanced Ehlers-based smoothing (typically results in earlier signals than regular EMA smoothing)
- graceful degradation when few candles present for improved accuracy in the beginning of the chart
- buy/sell signals based on K-D crossover above/below thresholds