I was checking the formula of built-in " cci " function and decided to publish a more customizable version of the Commodity Channel Index, so you can play with levels and a bunch of different sources. If someone doesn't know what is this: This indicator was originally developed by Donald R. Lambert ( "Commodities" magazine, 1980) to identify cyclical or...
VWMA - SMA is very strong indication of trend direction and strength See here for a description of this trading strategy: www.tradingsetupsreview.com
This Quad CCI indicator gives long and short entry signals.
This indicator shows the Quad CCI indicator with RSI signals when RSI is over 70 or under 30.
This is an experimental script in which i have oscillated the ATR, which is configurable for all timeframes and lockable for the H1, H4 and Daily values. Officially the ATR is calculated by using an EMA on the True Range over a certain period. I have added a lot of filters for experimenting. NOTE: This is a test for me in oscillation and filtering of signals,...
Optional Laguerre and ALMA applied to Ehler's Center of Gravity. Optional histogram or oscillator display. Can also display the COG lines used to generate the signals. Crossovers act as signals/histogram peaks, with pre and post dots early warnings & confirmation. COG is very low lag, applying the filters cleans up the signals at the expense of introducing...
This is my version of the OBV Oscillator and I've used CCI to color the histogram Line colors: * Lime rising line above 0 line: Strong Bullish * Green falling line above 0 line : Neutral Bullish * Red falling line below 0 line : Strong Bearish * Maroon rising line below 0 line : Neutral Bearish Histogram colors: *Green background above 0 line: Strong Bullish /...
This indicator can be used to enter the market. When the signal line crosses upwards the base line, enter short; when the signal line crosses downwards the base line, enter long; A filter can be used to enter short when in a downtrend or long in an uptrend. A fair filter can be the ema(200) line defining an uptrend when price is above it or a down trend when the...
Trading version. The signal and trending represented by green and red line.
Price plotted into centralized oscillator normalized via 7/14 moving averages. The Histogram reveal longer trends while flags warn for early entry/exits. This script has been backtested with astonishing results particularly on 4H and Daily timeframes. You can use this in combination with Hull+ or Delta Map (Premium), RSI+ or RSI Delta (Premium) and also OBV+...
Suggested useage: monthly index or asset class charts. Traffic light colour system offers opinion on market risk. Good for long term timing / hedging & allocation adjustment with hat tip to William Blau ! www.amazon.com
In essence this Renko trading system is the following: 1. Momentum based entries 2. Trend trading system (small losses, big wins) 3. As well as a trend continuation system ------------------------------ !IMPORTANT! ------------------------------ - You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger. If you...