ASI is basically a new name I am giving to my Gain/Loss Moving Average indicator. If you normalize ASI with the moving average of all the changes in price, it becomes identical to . So ASI is basically non-normalized , that is why it should be a more accurate representation of price momentum.
ADMF is an and . Both ASI and ADMF are not range-bound so it is not easy to compare them against each other. When equation is applied to them, they both become range-bound and comparable. The gaps between the two indicator can reveal valuable information about market dynamics. The chart below shows some examples (note the settings).
For conventional usages of , please read https://www.tradingview.com/wiki/Stochas...(STOCH) and https://www.tradingview.com/wiki/Stochas...(STOCH_RSI). I recommend you to find the optimal length by playing with the length in the indicator settings. If this parameter is calibrated properly, this indicator can be a powerful tool for identifying market cycle.
You can get these features (ATH, ATL detection and historical ) for any other indicator using the script below:
Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.
Lucky for me, as I wouldn't have given the rest of this a second look. (stochastics are either noisy or slow. and MoneyFlow seem to get it wrong a few time to many, might be my understanding :) )
Thank you for putting up a lot of good examples and explanations, with those this becomes a thing of beauty. Never seen anything quite like it.
. I set it up without the signal lines. and use the combination AS / MF, and increased the smoothing slightly.
. It surpasses the ADL I've been using with earlier and cleaner signals.
I'm just looking at some recent trades where I've felt at a loss to explain the priceaction. The moneyflow seems to give a clear picture.
And I think this might even keep me out of the long sideways choppyness.
Thanks again, If after some testing it works realiably; I might modify this to color fill the lines to give a clear reading at a glance.