Guppy Multiple Moving Averages --------------------------------- 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...
*** 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...
All these indicators are by Mel Widner. Projection Bands : ------------------------------------------------------- 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...
Volatility Quality Index (VQI), by Thomas Stridsman, points out the difference between bad and good volatility in order to identify better trade opportunities in the market. This plots 3 lines: - Red line is the VQI (actually, sum of VQI). - Green line is the 9-period SMA of sum_of_VQI. - Orange line is the 200-period SMA of sum_of_VQI. Stridsman suggested to...
***** NOTE: You may see all GREEN circles (it is due to a recent TV update). To work around this issue, change the "Circles" to "Cross" via Format -> Style ***** Market Facilitation Index, by Bill Williams, plots the effectiveness of price movement by computing the price movement per volume unit. 4 possible combinations of MFIndex and Volume are: Green :...
TMF is a CMF (Chaikin Money Flow) variation that addresses some of the gaps in the original indicator. More info: www.incrediblecharts.com TMF uses true range, rather than daily Highs minus Lows. Also, uses Wilder's MA rather than SMA/EMA. Since I had to write Wilder's MA (WiMA) for TMF, I have published that also as a separate indicator. WiMA is like EMA, but...
This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds. I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay...
Suggested by John Ehlers, IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators. The 3 IFT based indicators in this chart are: - Inverse Fisher on RSI (IFTRSI) - Inverse Fisher on MFI (IFTMFI) - Inverse Fisher on CyberCycle (IFTCC) Suggested method to use any IFT indicator is to buy when the indicator crosses over...
My "to-publish" list is getting too big, so decided to push out 3 indicators in the same chart Feel free to "make mine" and use :) Leave a comment on what you think. Pretty Good Oscillator ---------------------------------------- This indicator, by Mark Johnson, measures the distance of the current close from its N-day simple moving average, expressed in...