lazybear

LazyBear

Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice. Updated source: pastebin.com Use the updated source instead of the what TV shows below. This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11). Black...

LazyBear

VFI,introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications: * Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish. * The calculation is based on the day's median (typical price) instead of the closing price. * A volatility threshold...

LazyBear

WaveTrend Oscillator is a port of a famous TS/MT indicator. When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal. I have marked some cross-overs in the...

LazyBear

Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility. In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative...

LazyBear

Another one to add to Ehlers collection. The MESA Adaptive Moving Average (MAMA) adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator. This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the...

LazyBear

This is the volume version of "DecisionPoint Breadth Swenlin Trading Oscillator" DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below. I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom...

LazyBear

One more to add to the Ehlers collection. Ehlers Instantaneous Trendline, by John Ehlers, identifies the market trend by doing removing cycle component. I think, this simplicity is what makes it attractive :) To understand Ehlers's thought process behind this, refer to the PDF linked below. There are atleast 6 variations of this ITrend. This version is from...

LazyBear

This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand. Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option....

LazyBear

This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :) Supported modes: - Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend. - Ribbon Mode: Shown at the bottom pane. No trend lines are drawn. - OverlayMode: Bars are colored based on the...

LazyBear

The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual...

LazyBear

HawkEye volume, developed by Nigel Hawks, is supposed to be a premier VSA indicator. Documentation on this is scarce (looks like the training seminars/sessions conducted by the parent company cover this in detail), if you come across any (other than what I have mentioned on that chart) do let me know. I am not sure how much this resembles the commercial...

LazyBear

This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars. When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :) Complete list of all my indicators:...

LazyBear

This updates Blau's excellent Candlestick oscillator to be adaptive by using the length of a scaled stochastic indicator and an exponent (for calculating the smoothing coefficient) to obtain the moving average. Check out the options page for configurable variables. More info on Ergodic Oscillator: Book: "Momentum, Direction and Divergence" by William...

LazyBear

I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition). I have included here 2 of the indicators she uses in all her charts. Composite Index ---------------------------------------- This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...

LazyBear

The slow relative strength index (SRSI) indicator created by Vitali Apirine is a momentum price oscillator similar to RSI in its application and interpretation. Oscillating between 0 and 100, it generates both OB/OS signals and midline (50) cross over signals and divergences. As author suggests, bullish/bearish divergences generated by SRSI are not as effective...

LazyBear

This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words: "ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...

LazyBear

Edgar Kraut proposed this simple colored volume bars strategy for swing trading. This is how the colors are determined: - If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green. - If today’s closing price is greater than 'n' days ago but volume is not, color today’s volume bar blue. - Similarly, if today’s closing...

LazyBear

Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD. First...