The Power Law Correlation Indicator is an attempt to chart when a stock/currency/futures contract goes parabolic forming a upward or downward curve that accelerates according to power laws. I've read about power laws from Sornette Diedler ( www.marketcalls.in ). And I think the theory is a good one. The idea behind this indicator is that it will rise to 1.0...
EXPERIMENTAL: Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes) this indicator can also be used for convergence/divergence. (accidentjev2) added multi timeframe support (indicator may repaint values)
EXPERIMENTAL: Dollar version.
EXPERIMENTAL: Added Smoother avg for a better visualization of the trending strength.
Hi all, here is an updated version of the indicator script I published yesterday. The goal of this indicator is to try and find darkpool activity. The indicator itself is not enough to fully identify darkpool but it should be able to detect quiet accumulation. What makes this Balance of Power different from others on TV is that it is smoothed by using a moving...
EXPERIMENTAL: Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes) this indicator can also be used for convergence/divergence.
This indicator was designed to remove trend from price and make it easier to identify cycles. Although this indicator has similarities to MACD. It is better used to identify the cycle of High and Lows based on the Statistical Data (Default is set to 25). **** DO NOT USE THIS AS A MOMENTUM INDICATOR ****
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bear Power measures the ability of sellers to...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bull Power measures the ability of buyers to...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bear Power measures the...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bull Power measures the...
To get more information please see "Bull And Bear Balance Indicator" by Vadim Gimelfarb.
Hi Let me introduce my Bear Power Indicator script. To get more information please see "Bull And Bear Balance Indicator" by Vadim Gimelfarb.