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Market Navigator Oscillator

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Similar to the Market Navigator, the Market Navigator Oscillator turns the methodology taught in Market School by Investors Business Daily into an easy-to-use indicator, but in a more condensed form. The Market Navigator Oscillator plots all of the same information as the original Market Navigator, but keeps your main chart clear. This system follows a strict set of rules to help gauge when it's time to increase market exposure or back away.

The indicator considers 24 different buy and sell signals, as well as portfolio management rules, to keep you on the right side of the market with no guesswork.

Buy and sell signals are generated based on different criteria, including the relationship between price and key moving averages, volume, and time. Each signal is assigned a point value, which is then added (buy signal) or subtracted (sell signal) to the running exposure count when the signal occurs. This exposure count is then used to give a recommended maximum exposure level.

The Market Navigator Oscillator also identifies certain instances when being more aggressive is called for, known as a Power Trend. A Power Trend is triggered within the context of an uptrend that meets a certain criterion of price, length, and moving average relationship.

This indicator is a must-have for any trader looking to take the guesswork out of their trading by automating recommended exposure levels and being in step with the market.

Principles covered include:
  • Recommended maximum portfolio exposure
  • Buy switch / restraint rules
  • Follow through / distribution days
  • Power Trend


Dynamic Day 1
When you first put the indicator on your chart, it will ask you to select Day 1 of the current rally attempt. A Day 1 is defined as either:
  • The first positive day in a down trending market
  • A down day where the index closes in the upper half of the daily range

snapshot


Disclaimer: This indicator is for informational and educational purposes only. Do your own research before making any trade decisions. I accept no liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on this indicator.

I am not affiliated with Investor's Business Daily. This is my original interpretation of the rules taught in the Market School Home Study Program.

Informacje o Wersji
Update instructions for a week trial
Informacje o Wersji
Small update to reset swing high price for circuit breaker after the buy switch turns off.
Informacje o Wersji
Update to stall day calculations. Closing range for a stall day now needs to be less than 33% instead of 25%.
Informacje o Wersji
Minor update to fix a bug caused by the latest update.
Informacje o Wersji
Small update to fix the resetting of swing high prices following a circuit breaker
Informacje o Wersji
Small logic change to the S9 sell signal.
Informacje o Wersji
Minor Update. Please update to this newest version to make sure readings are accurate.
Informacje o Wersji
Small update to match code from full overlay version.
Informacje o Wersji
Added ability for volatility adjusted follow through days.

  • Volatility defined as the average percentage gain of the up days over the prior 200 days.
  • Volatility less than or equal to 0.4%, follow-through must close up 0.7% or higher.
  • Volatility greater than or equal to 0.4% and less than 0.55%, follow-through must close up 0.85% or higher.
  • Volatility greater than or equal to 0.55% and less than 1.00%, follow-through must close up 1.00% or higher.
  • Volatility greater than or equal to 1.00%, follow-through must close up 1.245% or higher.
Informacje o Wersji
Update to restraint rule logic
Informacje o Wersji
Minor update to sell signals.
Informacje o Wersji
Updated volume source for the indexes, should update in real time now.
Informacje o Wersji
Small update to fix a bug in the data table displaying the number of stall days when the buy switch was off.
Informacje o Wersji
The Market Navigator now includes the option to turn on or off the 95% rule.

The 95% rule was not talked about in the original Market School course but was later added as a rule for stall days. With the rule turned on, when stalling action occurs and volume is within 95% of the previous days volume, it will be counted as a stall day.

If the 95% rule is turned off, higher volume than the previous day will be required for stall days.
Informacje o Wersji
Small fix to Power Trend when using it on individual stocks instead of indexes.
Informacje o Wersji
Update to Power Trend under pressure from distribution cluster and living above the 21 logic.
Informacje o Wersji
Update allows for more distribution days to show in the data table counter.
Informacje o Wersji
updates to low above 21 ema count
Informacje o Wersji
Update to Power Trend under pressure
Informacje o Wersji
50 day break update
Informacje o Wersji
bug fix on overdue break of 21ema
Informacje o Wersji
D day fall off bug fix
Informacje o Wersji
small update
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Instrukcje autora

This indicator is available for purchase here: https://bit.ly/3LljOM6 -------- For a week trial please send me a direct message

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