Level: 1 Background Joe Sharp propsed a "More Responsive Moving Averages (MMA)" in Jan, 2000. He describes a modified moving average that greatly diminishes the lag that is typically associated with moving averages. With the formula described in the article, the moving average line is more responsive to changes in the price action. Function An MMA indicator...
Level: 3 Background I have been working on studying Banker Fund's behavior and have also released some technical indicators. Among these, I liken the cyclical behavior of Banker Fund to breathing. From the perspective of technical indicators, this behavior is actually more like an oscillator of large capital flows. So, I named this indicator: (blackcat) L3...
Level: 3 Background Trend channels, also sometimes called price channels or trading channels, are a popular tool in technical analysis used by investors to determine good places to buy or sell. Trend channels consist of at least two trend lines that connect the swing highs and the swing lows of a trending or a sideways moving market. It’s important to note...
Level: 2 Background Invented by Patrick Lafferty in 1999, a Sine Weighted Moving Average (SWMA) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set. It is therefore very similar to the Triangular Moving Average. Function A sine weighted moving average (Sine-MA)...
Level: 2 Background In Jeffrey Owen Katz's article "Trading stocks with a cyclical system" he introduces the Stock Rhythm System. I found the central part is quite similar to KDJ indicator and I use my own KDJ algo to enhance its performance. Function Jeffrey Owen Katz has a customized stochastic indicator. I used it as the engine of my own KDJ trading...
Level: 1 Background This indicator/formula was presented in the May 1998 issue of the ‘Technical Analysis of Stocks and Commodities’ magazine. The article was titled “Automatic support and resistance” the article described an approach to finding support and resistance levels on a chart. Function Support and resistance analysis is a proven method for...
Level: 2 Background Kaufman’s Adaptive Moving Average (KAMA) was developed by American quantitative financial theorist Perry J. Kaufman in 1998. The technique began in 1972 but Kaufman officially presented it to the public much later through his book, “Trading Systems and Methods.” Unlike other moving averages, Kaufman’s Adaptive Moving Average accounts not only...
Level: 1 Background Before this script, I cannot find a IE/2 moving average script in tradingview. Although it is not so complex, it is meaningful to be the 1st Tim Tilson IE/2 script in tradingview community. IE/2 moving average was disclosed in "Smoothin Techniques For More Accurate Signals", Tim Tilson, S&C Magazine, Traders Tips, 01/1998. Function...
Level: 1 Background T3 Moving Average is the responsive form of traditional moving averages. Presented in 1998 by Tim Tillson, T3 is also known as the Tillson Moving Averages. The thought behind the development of this technical indicator was to improve lag and false signals, which can be present in moving averages. Function The T3 indicator performs...
Level: 4 Background The Klinger Volume Oscillator (KVO) is a trading indicator that uses both price and volume to identify potential longer-term trend reversal points in the markets. Introduced to the trading community by Stephen Klinger, this indicator measures the trend of cash flow based on volume and price movements. In this version, I enhanced it with...
Level: 2 Background @pips_v1 has proposed an interesting idea that is it possible to code an "Adaptive Jon Andersen R-Squared Indicator" where the length is determined by DCPeriod as calculated in Ehlers Sine Wave Indicator? I agree with him and starting to construct this indicator. After a study, I found "(blackcat) L2 Ehlers Autocorrelation Periodogram"...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background The Triple Exponential Moving Average (TRIX) indicator is a strong technical analysis tool. It can help...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background The Rainbow Charts indicator is a technical analysis tool that follows trend. It helps traders to visualize a...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background Mel Widner developed the Rainbow Oscillator and published it in 1997 in the Technical Analysis of Stocks and...
Level: 1 Background The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES . Function This script fristly creates the coeffR function which is used to produced the R-Squared indicator. The coeffR function is used to calculate the correlation coefficient R. Once I have created and verified the coeffR...
Level: 5 Background Like many people in the Tradingview community, I have been studying how to apply Renko charts to backtesting and live trading for long. However, as we all know, the official Tradingview Renko chart is not recommended for backtesting because it will lead to unrealistic backtesting results. So, I thought about developing a set of customized...
Level: 1 Background The standard error bands created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES. Function This script calculates the beta and alpha coefficients of the linear regression. First, it creates the calcB and calcA functions, which refer to the beta and alpha coefficients. Create calcB first, then calcA....
Level: 1 Background The Directional Movement Index (DMI) is an indicator developed by J. Welles Wilder in 1978 that shows the direction in which the price of an asset is moving. The indicator does this by comparing previous highs and lows and drawing two lines: a positive directional movement line (+ DI) and a negative directional movement line (-DI). An...