All4 - Multi-Period Momentum [LucF]

All4 is a multi-period momentum indicator that includes a volume component. It doesn't use higher timeframes, but rather varying lengths. It is a simple way to get a more global picture of momentum.

It is calculated using a very simple weighted average of a few different indicators. The indicator is comprised of the main line called All4, its MA and a faster line.

The All4 components are the Stoch RSI’s K line, Rsi and MFI (to include a bit of volume information) in the following mix: (St14 + St21 + 2*St42 + 2*St90 + rsi + 2*mfi)/9. The respective K line periods and smoothing lengths are 14-4, 21-10, 42-10 and 90-15. Both the Rsi and MFI periods are 14. All those values are fixed.

The fast line is comprised of a 14 period Rsi and MFI in the following mix: (rsi + 2*mfi)/3. The length of the fast line can be changed.

The indicator also includes 4 status lines. The top 2 show when All4 is volatile and when it is trending. The bottom 2 show when All4 is in bearish/bullish territory, and the state of the 200 period MA.

There are lots of bells and whistles but pretty much everything is configurable, so you can make it as busy or as clean as you wish. I have included both extremes on the chart above.

As can be expected, the mishmash of indicators comprising All4 entails a loss of detail in the signal; it is the trade-off necessary to paint a broader picture.