Hot off the presses! The Truncated BandPass Filter was created by John Ehlers (Stocks & Commodities July 2020) and this is a much more reactive version of his original bandpass filter. When the indicator rises above 0 then it is an uptrend and when it falls below 0 then it is in a downtrend. Buy when the indicator line is red and sell when it is green.
Perform higher order differencing through convolution, the result is equivalent to cascading N momentum oscillators of periods P :
length - Period of the oscillator, indicate the lag to use (equivalent to the period in a momentum oscillator)
order - Differencing order, indicate how many times differencing...
This script is a compilation of several different stochastic indicators (and RSI) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower...
DGT interpreted version of LazyBear's WaveTrend, visualizing on Price Chart
Original Author : LazyBear
Crosses above or below threshold are emphasized with bigger labels
- crosses above threshold : probable short indications with a bigger label and relativly small label for probable long indications
- crosses below threshold : probable long indications with a...
This script uses 25-75 treshold of stochastic RSI with the help of kijun-sen as confirmation, to find entry points to any trend either newly developed or an established one. I just realized it on the 1 hour SPX chart. Sure it can be used on other symbols. Crossing above/below 25/75 line of sto RSI is considered as buy/sell signal. Signals are evaluated whether...
Idea was developed from Price's Power (inno14).
This indicator is only used for Binary Option (BO).
Rules for Signal Candle:
- Close to Bollinger's Band
- Price Power is losing its strength (compare with previous powers)
- Price Power is about crossing down/up middle line
- DMI Extension show SELL signal
How to enter:
- Enter the next candle.
I wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing.
You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns.
The Super PassBand Filter was created by John Ehlers (Stocks & Commodities V. 34:07 (10–13)) and this is a pretty useful indicator to let you know how volatile the market is right now. This is useful for scalpers because this lets you avoid the choppy markets (usually when the rms is 1.50 or less but feel free to choose your own level) and gives you good entry and...
The base of this script is the Price Action Trading System from JustUncle .
I have first combined it with script ADX and DI by BeikabuOyaji to indicate when the +DI is above the -DI and the ADX is above 20. This is represented by crosses at the top of the page: green indicating that the +DI is above the -DI and ADX above 20, and red if -DI is above the +DI...
Bill Williams Breakout Setup
I have referred to the man multiple times whether tweeting about him or writing a blog post. Now I want to relearn how breakout trading works, again. A while ago, my friend invited a bunch of us into a Zoom conference sharing us how his setup works for him. He reintroduced me to Bill Williams' indicators which looked like below.
This is my modified macd indicator. It uses moving averages to determine the trend of the market. It is best used on lower time frames such as 5min and 15min. I found it useful especially with Forex pairs and also traditional markets.
This indicator will help you get in at a pullback in a trending market.
RED background tells you the trend is down. A possible...
Monitoring panel showing the ADX (Average Directional Index) & DMI (Directional Movement Index) as color code for 6 different timeframes.
This gives a very easy overview on the current state of the market and if it is trending.
- ADX basically describes the strength of a Trend
- DMI give indication on the direction of the trend, usually shown as +DI and -DI
Return the percentage of rising moving averages with periods in a custom range from min to max , with the possibility of using different types of moving averages.
Minimum MA Length Value : minimum period of the moving average.
Maximum MA Length Value : maximum period of the moving average.
Smooth : determine the period of an EMA using the...
This is an upgraded version of my MACD_trendtrader indicator.
- Histogram slope changes colors according to the direction of the slope.
- Panel that displays volatility of the asset. The volatility is measured from 0 to 100. Zero being the lowest and 100 the highest volatility. I also included different text colors for a certain volatility value (white=...
This is a compact & simple study that tracks the short-term average price change and the (average) volume associated with it, to generate a very clear signal when a change of buying/selling flow is detected. these buy/sell cycles can happen within a longer "demand / trend-up" or "supply / trend down" phases as we know.
this concept is a bit different from MFI or...