Ease of Movement (EOM) Backtest This indicator gauges the magnitude of price and volume movement.
The indicator returns both positive and negative values where a
positive value means the market has moved up from yesterday's value
and a negative value means the market has moved down. A large positive
or large negative value indicates a large move in price and/or lighter
volume. A small positive or small negative value indicates a small move
in price and/or heavier volume.
A positive or negative numeric value. A positive value means the market
has moved up from yesterday's value, whereas, a negative value means the
market has moved down.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
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Dynamic Momentum Index (DMI) Backtest This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum
Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator
is covered in detail in their book The New Technical Trader.
The DMI is identical to Welles Wilder`s Relative Strength Index except the
number of periods is variable rather than fixed. The variability of the time
periods used in the DMI is controlled by the recent volatility of prices.
The more volatile the prices, the more sensitive the DMI is to price changes.
In other words, the DMI will use more time periods during quiet markets, and
less during active markets. The maximum time periods the DMI can reach is 30
and the minimum is 3. This calculation method is similar to the Variable
Moving Average, also developed by Tushar Chande.
The advantage of using a variable length time period when calculating the RSI
is that it overcomes the negative effects of smoothing, which often obscure short-term moves.
The volatility index used in controlling the time periods in the DMI is based
on a calculation using a five period standard deviation and a ten period average
of the standard deviation.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Average Directional Movement Index Rating Backtest The Average Directional Movement Index Rating (ADXR) measures the strength
of the Average Directional Movement Index (ADX). It's calculated by taking
the average of the current ADX and the ADX from one time period before
(time periods can vary, but the most typical period used is 14 days).
Like the ADX, the ADXR ranges from values of 0 to 100 and reflects strengthening
and weakening trends. However, because it represents an average of ADX, values
don't fluctuate as dramatically and some analysts believe the indicator helps
better display trends in volatile markets.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Vertical Horizontal Filter BacktestVertical Horizontal Filter was initiated by Adam White. It was first published
in a magazine called “Issues of Futures” in August, 1991. The Vertical Horizontal
Filter (VHF) is a very common Indicator used by traders to find out the Phase of
a Price Trend. Normally, a price trend can be in a Trending Phase or a Congestion
Phase/Choppy Movement Phase. Adam White created this particular Technical Indicator
to determine whether prices are trending in a particular direction or are they going
through a transitional period. He used it to measure the range of Futures available
in the market.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
STARC Bands Backtest A type of technical indicator that is created by plotting two bands around
a short-term simple moving average (SMA) of an underlying asset's price.
The upper band is created by adding a value of the average true range
(ATR) - a popular indicator used by technical traders - to the moving average.
The lower band is created by subtracting a value of the ATR from the SMA.
STARC is an acronym for Stoller Average Range Channels. The indicator is
named after its creator, Manning Stoller.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Rainbow Oscillator Backtest Ever since the people concluded that stock market price movements are not
random or chaotic, but follow specific trends that can be forecasted, they
tried to develop different tools or procedures that could help them identify
those trends. And one of those financial indicators is the Rainbow Oscillator
Indicator. The Rainbow Oscillator Indicator is relatively new, originally
introduced in 1997, and it is used to forecast the changes of trend direction.
As market prices go up and down, the oscillator appears as a direction of the
trend, but also as the safety of the market and the depth of that trend. As
the rainbow grows in width, the current trend gives signs of continuity, and
if the value of the oscillator goes beyond 80, the market becomes more and more
unstable, being prone to a sudden reversal. When prices move towards the rainbow
and the oscillator becomes more and more flat, the market tends to remain more
stable and the bandwidth decreases. Still, if the oscillator value goes below 20,
the market is again, prone to sudden reversals. The safest bandwidth value where
the market is stable is between 20 and 80, in the Rainbow Oscillator indicator value.
The depth a certain price has on a chart and into the rainbow can be used to judge
the strength of the move.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Qstick Indicator Backtest A technical indicator developed by Tushar Chande to numerically identify
trends in candlestick charting. It is calculated by taking an 'n' period
moving average of the difference between the open and closing prices. A
Qstick value greater than zero means that the majority of the last 'n' days
have been up, indicating that buying pressure has been increasing.
Transaction signals come from when the Qstick indicator crosses through the
zero line. Crossing above zero is used as the entry signal because it is indicating
that buying pressure is increasing, while sell signals come from the indicator
crossing down through zero. In addition, an 'n' period moving average of the Qstick
values can be drawn to act as a signal line. Transaction signals are then generated
when the Qstick value crosses through the trigger line.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Psychological line Backtest Psychological line (PSY), as an indicator, is the ratio of the number of
rising periods over the total number of periods. It reflects the buying
power in relation to the selling power.
If PSY is above 50%, it indicates that buyers are in control. Likewise,
if it is below 50%, it indicates the sellers are in control. If the PSY
moves along the 50% area, it indicates balance between the buyers and
sellers and therefore there is no direction movement for the market.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Prime Number Oscillator Backtest Determining market trends has become a science even though a high number or people
still believe it’s a gambling game. Mathematicians, technicians, brokers and investors
have worked together in developing quite several indicators to help them better understand
and forecast market movements.
Developed by Modulus Financial Engineering Inc., the prime number oscillator indicates the
nearest prime number, be it at the top or the bottom of the series, and outlines the
difference between that prime number and the respective series.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Prime Number Bands Backtest Determining market trends has become a science even though a high number
or people still believe it’s a gambling game. Mathematicians, technicians,
brokers and investors have worked together in developing quite several
indicators to help them better understand and forecast market movements.
The Prime Number Bands indicator was developed by Modulus Financial Engineering
Inc. This indicator is charted by indentifying the highest and lowest prime number
in the neighborhood and plotting the two series as a band.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Line Regression Intercept Backtest Linear Regression Intercept is one of the indicators calculated by using the
Linear Regression technique. Linear regression indicates the value of the Y
(generally the price) when the value of X (the time series) is 0. Linear
Regression Intercept is used along with the Linear Regression Slope to create
the Linear Regression Line. The Linear Regression Intercept along with the Slope
creates the Regression line.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Center Of Gravity Backtest The indicator is based on moving averages. On the basis of these, the
"center" of the price is calculated, and price channels are also constructed,
which act as corridors for the asset quotations.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Moving Average Envelopes Backtest Moving Average Envelopes are percentage-based envelopes set above and
below a moving average. The moving average, which forms the base for
this indicator, can be a simple or exponential moving average. Each
envelope is then set the same percentage above or below the moving average.
This creates parallel bands that follow price action. With a moving average
as the base, Moving Average Envelopes can be used as a trend following indicator.
However, this indicator is not limited to just trend following. The envelopes
can also be used to identify overbought and oversold levels when the trend is
relatively flat.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
High Low Bands Backtest As the name suggests, High low bands are two bands surrounding the underlying’s
price. These bands are generated from the triangular moving averages calculated
from the underlying’s price. The triangular moving average is, in turn, shifted
up and down by a fixed percentage. The bands, thus formed, are termed as High
low bands. The main theme and concept of High low bands is based upon the triangular
moving average.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Fractal Chaos Oscillator Backtest The value of Fractal Chaos Oscillator is calculated as the difference between
the most subtle movements of the market. In general, its value moves between
-1.000 and 1.000. The higher the value of the Fractal Chaos Oscillator, the
more one can say that it follows a certain trend – an increase in prices trend,
or a decrease in prices trend.
Being an indicator expressed in a numeric value, traders say that this is an
indicator that puts a value on the trendiness of the markets. When the FCO reaches
a high value, they initiate the “buy” operation, contrarily when the FCO reaches a
low value, they signal the “sell” action. This is an excellent indicator to use in
intra-day trading.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Williams Accumulation/Distribution (Williams AD) Backtest Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Combining Exponential And Volume Weighting Backtest The related article is copyrighted material from Stocks & Commodities 2009 Oct
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
TTM scalper indicator Backtest TTM scalper indicator of John Carter’s Scalper Buys and Sells. The methodology
is a close approximation of the one described in his book Mastering the Trade.
The book is highly recommended. Note the squares are not real-time but will
show up once the third bar has confirmed a reversal.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Trend continuation factor Backtest Trend continuation factor, by M.H. Pee
The related article is copyrighted material from Stocks & Commodities.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Trend Analysis Index Backtest In essence, it is simply the standard deviation of the last x bars of a
y-bar moving average. Thus, the TAI is a simple trend indicator when prices
trend with authority, the slope of the moving average increases, and when
prices meander in a trendless range, the slope of the moving average decreases.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
TFS: Volume Oscillator Backtest This is the second part of TFS trading strategy. The concept of this
indicator is similar to that of On-Balance Volume indicator (OBV). It
is calculated according to these rules:
If Close > Open, Volume is positive
If Close < Open, Volume is negative
If Close = Open, Volume is neutral
Then you take the 7-day MA of the results.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
TFS: Tether Line Backtest Tether line indicator is the first component of TFS trading strategy.
It was named this way because stock prices have a tendency to cluster
around it. It means that stock prices tend to move away from the midpoint
between their 50-day highs and lows, then return to that midpoint at some
time in the future. On a chart, it appears as though the stock price is
tethered to this line, and hence the name.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
T3 Averages Backtest This indicator plots the moving average described in the January, 1998 issue
of S&C, p.57, "Smoothing Techniques for More Accurate Signals", by Tim Tillson.
This indicator plots T3 moving average presented in Figure 4 in the article.
T3 indicator is a moving average which is calculated according to formula:
T3(n) = GD(GD(GD(n))),
where GD - generalized DEMA (Double EMA) and calculating according to this:
GD(n,v) = EMA(n) * (1+v)-EMA(EMA(n)) * v,
where "v" is volume factor, which determines how hot the moving average’s response
to linear trends will be. The author advises to use v=0.7.
When v = 0, GD = EMA, and when v = 1, GD = DEMA. In between, GD is a less aggressive
version of DEMA. By using a value for v less than1, trader cure the multiple DEMA
overshoot problem but at the cost of accepting some additional phase delay.
In filter theory terminology, T3 is a six-pole nonlinear Kalman filter. Kalman
filters are ones that use the error — in this case, (time series - EMA(n)) —
to correct themselves. In the realm of technical analysis, these are called adaptive
moving averages; they track the time series more aggres-sively when it is making large
moves. Tim Tillson is a software project manager at Hewlett-Packard, with degrees in
mathematics and computer science. He has privately traded options and equities for 15 years.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
