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This script introduces a more dynamic approach to generating trading signals using the RSI indicator and a threshold that adapts to price trends and dispersion. This methodology comes from Francesco Bufi's article "Overbought/Oversold Oscillators: Useless Or Just Misused" from the October 2024 edition of TASC's Traders' Tips .
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According...
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This script, inspired by Perry Kaufman's article "Trading Opening Gaps and Extreme Closes in Stocks" from the TASC's July 2024 edition of Traders' Tips , provides analytical insights into stock price behaviors following significant price moves. The information about the frequency, pullbacks, and closing patterns of these extreme price movements can...
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This strategy script demonstrates the application of the Real Estate Investment Trust (REIT) ETF trading system presented in the article by Markos Katsanos titled "Is The Price REIT?" from TASC's June 2024 edition of Traders' Tips .
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REIT stocks and ETFs offer a simplified, diversified approach to real estate investment. They exhibit...
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This script presents an implementation of the digital smoothing filter introduced by John Ehlers in his article "The Ultimate Smoother" from the April 2024 edition of TASC's Traders' Tips .
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The UltimateSmoother preserves low-frequency swings in the input time series while attenuating high-frequency variations and noise. The defining...
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This script implements the Rate of Directional Change (RODC) indicator introduced by Richard Poster in the "Taming The Effects Of Whipsaw" article featured in the March 2024 edition of TASC's Traders' Tips .
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In his article, Richard Poster discusses an approach to potentially reduce false trend-following strategy entry signals due to ...
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This script implements a price-time trend filter proposed by Alfred François Tagher in the “Trend Identification By Price And Time Filtering” article from the February 2024 edition of TASC's Traders' Tips .
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In his article, Alfred François Tagher proposed a rule set designed to minimize the impact of stochastic price movements,...
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TASC's January 2024 edition of Traders' Tips features an article titled “Gap Momentum” by Perry J. Kaufman. The article discusses how a trader might create a momentum strategy based on opening gap data. This script implements the Gap Momentum system presented therein.
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In the article, Perry J. Kaufman introduces Gap Momentum as a...
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This script implements a rotation system for trading value and growth ETFs, as developed by Markos Katsanos and detailed in the article titled 'Growth Or Value?' in TASC's December 2023 edition of Traders' Tips . The purpose of this script is to demonstrate how short-term momentum can be employed to track market trends and provide clarity on when to...
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The November 2023 edition of TASC's Traders' Tips features an article titled "VAcc: A Momentum Indicator Based On Velocity And Acceleration" by Scott Cong. This script implements the author's momentum indicator based on simple physics concepts.
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The indicator is named VAcc as it is derived from the average velocity (V) and acceleration...
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This script implements the COT Commercials Indicator introduced by Alfred François Tagher in an article featured in TASC's October 2023 edition of Traders' Tips . The indicator is designed for use in futures markets and represents a fast stochastic (%K) calculated based on the commercial open interest values of an asset derived from the weekly ...
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TASC's September 2023 edition of Traders' Tips features an article written by Andrea Unger titled “The Weekly Factor", discussing the application of price patterns as filters for trade entries. This script implements a sample trading strategy presented in the article for demonstration purposes only. It explores how the strategy's equity curve might...
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TASC's August 2023 edition of Traders' Tips features an article written by Stella Osoba titled “Using Price Channels.” The article offers a basic look at using price channels, with a primary focus on Donchian channels . Following the article, the script provides an example of how to calculate and utilize the Donchian channel to gain insights into...
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TASC's July 2023 edition of Traders' Tips features an article by Barbara Star titled "Stay On Track With The Supertrend Indicator". The article explores how the supertrend indicator , whether used as a standalone tool or in conjunction with other indicators, can assist traders in aligning with the larger trend. Drawing inspiration from the article,...
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This script implements the stochastic distance oscillator (SDO) , a momentum indicator introduced by Vitali Apirine in an article featured in TASC's June 2023 edition of Traders' Tips . The SDO is a variation of the classic stochastic oscillator and is designed to identify overbought and oversold levels, as well as detect bull and bear trend...
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TASC's May 2023 edition of Traders' Tips features an article titled "An Adaptive Moving Average For Swing Trading" by Scott Cong. The article presents a new adaptive moving average (AMA) that adjusts its parameters automatically based on market volatility. The AMA tracks price closely during trending movements and remains flat during congestion...
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TASC's April 2023 edition of Traders' Tips features an article entitled "Just Ignore Them: Undersampling The Data As A Smoothing Technique" by John Ehlers, which explores a method for reducing noise through data sampling. This script implements the article's proposed Undersampled Double MA indicator.
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The conventional approach to...
My first Published contribution.
Gracious thank you to all Pine Coders,
this has subtle features that have multiple shifts based on inputs.
with some experimentation, one might try pushing other sources
at the hue dials and see more dynamic indication.
for John Ehlers article
TASC Magazine This Month.
- Special Edition.
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TASC's February 2023 edition of Traders' Tips includes an article titled "Every Little Bit Helps: Averaging The Open And Close To Reduce Noise" by John Ehlers. This code implements the numerical example from this article.
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Using theories from digital signal processing as a starting point, John Ehlers argues that using the average of...
