This back testing strategy generates a long trade at the Open of the following
bar when the %K line crosses below the %D line and both are above the Overbought level.
It generates a short trade at the Open of the following bar when the %K line
crosses above the %D line and both values are below the Oversold level.
The RSI is a very popular indicator that follows price activity.
It calculates an average of the positive net changes, and an average
of the negative net changes in the most recent bars, and it determines
the ratio between these averages. The result is expressed as a number
between 0 and 100. Commonly it is said that if the RSI has a low...
This is the new-age indicator which is version of RSI calculated upon
the Rate-of-change indicator.
The name "Relative Strength Index" is slightly misleading as the RSI
does not compare the relative strength of two securities, but rather
the internal strength of a single security. A more appropriate name
might be "Internal Strength...
Indicator plots Money Flow Indicator (Chaikin). This indicator looks
to improve on Larry William's Accumulation Distribution formula that
compared the closing price with the opening price. In the early 1970's,
opening prices for stocks stopped being transmitted by the exchanges.
This made it difficult to calculate Williams' formula. The...
1) Trix Ribbon
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This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy.
Also, optionally this can plot a BollingerBand on Trix_1.
More info on Trix:
stockcharts.com
2) High/Low/Close Trend Indicator ...
I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition).
I have included here 2 of the indicators she uses in all her charts.
Composite Index
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This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...
Guppy Multiple Moving Averages
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Developed by Daryl Guppy, the basic idea of Multiple moving average(MMA) is to view the trend as two band of moving averages – short term band and long term band.
Shortterm averages capture the inferred behaviour of traders and long term represents the investors. Uses fractal repetition to...
I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.
*** Full description in the comment below ******
This chart has 3 indicators:
- Chande's R2
- Zscore
- Inverse Fisher Transform on CCI
Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.
These 2 indicators are derivative work from Jim Hurst's book - "The Magic of Stock Transaction Timing".
The bands are % bands around a median that gets calculated according to Hurst's formula. The outer bands (called ExtremeBands) signify extreme overbought/oversold conditions. Inner bands signify potential pullback points. As you can see, they also act as...
Hi,
This is RSI indicator which is more sesitive to price changes.
It is based upon a modern math tool - Laguerre transform filter.
With help of Laguerre filter one becomes able to create superior
indicators using very short data lengths as well. The use of shorter
data lengths means you can make the indicators more responsive to
...
Hi,
In July 1996 Futures magazine, E. Marshall Wall introduces the
Dynamic Momentum Oscillator (Dynamo). Please refer to this article
for interpretation.
The Dynamo oscillator is a normalizing function which adjusts the
values of a standard oscillator for trendiness by taking the difference
between the value of the oscillator and a...
Hi,
This Indicator plots the Force Index as described by Dr. Alexander
Elder in "Trading For a Living." The ForceIndex indicator relates
price to volume by multiplying net change and volume. ForceIndex is
calculated using the following equation:
ForceIndex = Volume(today) * (Close(this period) - Close(last period))
ForceIndex is...
All these indicators are by Mel Widner.
Projection Bands :
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These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band.
Projection...
Hi
Let me introduce my DSS Bressert (Double Smoothed Stochastic) script.
Double Smoothed Stochastics (DSS) is designed by William Blaw.
It attempts to combine moving average methods with oscillator principles.
Hi
Let me introduce my Detrended Price Oscillator script.
The Detrend Price Osc indicator is similar to a moving average,
in that it filters out trends in prices to more easily identify
cycles. The indicator is an attempt to define cycles in a trend
by drawing a moving average as a horizontal straight line and
placing prices along the line...
Hi
Let me introduce my CMO Oscillator with Filter script.
This indicator plots a CMO which ignores price changes which are less
than a threshold value. CMO was developed by Tushar Chande. A scientist,
an inventor, and a respected trading system developer, Mr. Chande developed
the CMO to capture what he calls "pure momentum". For more definitive...
This indicator plots Chandre Momentum Oscillator and its WMA on the
same chart. This indicator plots the absolute value of CMO. CMO was
developed by Tushar Chande. A scientist, an inventor, and a respected
trading system developer, Mr. Chande developed the CMO to capture what
he calls ?pure momentum". For more definitive information on the...
