Double Stochastic is use Slow Stochastic (21,3,3) and Fast Stochastic (5,1,1) to monitor price movement. Slow Stochastic use for monitor cycle of price. Fast Stochastic use for monitor price swing and divergence. Both Stochastic turn together mean price will reverse for real. Fast Stochastic turn away from Slow Stochastic mean price only minor...
Double Stochastic is use Slow Stochastic (21,3,3) and Fast Stochastic (5,1,1) to monitor price movement. Slow Stochastic use for monitor cycle of price. Fast Stochastic use for monitor price swing and divergence. Both Stochastic turn together mean price will reverse for real. Fast Stochastic turn away from Slow Stochastic mean price only minor...
This is simple indicator modified RSI Strategy You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
This is simple indicator modified RSI You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
There is a nice writeup about a system that uses DMISTO here, which includes decent statistics: traderedge.net I have not yet done any back testing on the system as a whole myself, but thought the DMISTO was an interesting indicator, so ported it over for those who might want to play with it and create their own systems. I added dots that denote signals similar...
We call this one the ECO for short, but it will be listed on the indicator list at W. Blau’s Ergodic Candlestick Oscillator. The ECO is a momentum indicator. It is based on candlestick bars, and takes into account the size and direction of the candlestick "body". We have found it to be a very good momentum indicator, and especially smooth,...
A modified DMI, This turns the standard DMI into an Oscillator. The DMI cross signal is the same, but as an OSC you get the added benefits or finding divergences, etc. The added WIlder's Average Line (blue) can help you see if a short term trend is getting less interesting.
An open source version of the DMI. Mostly published for other scripters to modify. Typical useage: www.investopedia.com
This script shows the relative price difference based off the last high and low, so many bars ago. Bollinger bands are also included by default for closer inspection on the intensity of the movement or the lack thereof. Bollinger bands will follow the smoothed line which will allow the reactionary line to cross the boundary during an intense movement. With the...
The Intraday Momentum Index (IMI), developed by Tushar Chande, is a cross-breed between RSI and candlestick analysis. IMI determines the candle type that dominated the recent price action, using that to pinpoint the extremes in intraday momentum. As the market tries to bottom after a sell off, there are gradually more candles with green bodies, even though...
Modified MacD with MA colour coded with the objective to keep you in a trend for longer custom settings included * this one is currently set for lower time frames 1m+
Roofing filters, first discussed by Mr.John Ehlers, act as a passband, filtering out unwanted noise from market data and accentuating turning points. I have included 2 indicators with filters enabled. Both support double smoothing via options page. All the parameters are configurable. Info on Roofing Filter and Ehlers Super...
This simple indicator gives you a lot of useful information - when to enter, when to exit and how to reduce risks by entering a trade on a double confirmed signal. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
This is Mr. Sylvian Vervoort's take on improving some well-known indicators (%B and Stoch) using smoothing techniques. A combination of TEMA and WMA does a nice job smoothing out %B, derived from zero-lag “Rainbow” data series. The same Rainbow series, averaged with the typical price, smooth the Stochastic K oscillator to produce slowStoch. Vervroot's strategy...
RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional"....