This is Version - 2 of the Momentum Oscillator, Like i said on the prior version, This version has an Indicator for Trends.
Marks only Overbought and Oversold Based on the TREND.
The Trend dots are calculated exactly like the Slingshot system trend.
DMI Stochastic Extreme - Version 2
- Replaced B with , Replaced S with
- Ability to change Overbought and Oversold Levels
- Clean PineScript
List of All my Indicators - www.tradingview.com
USed the DMI Oscillator created by LARK "https://www.tradingview.com/v/T79b6F5n/" to create this DMI Stochastic Extreme. You can also use the DMI Stochastic by Lark
Updated Version -
There is a nice writeup about a system that uses DMISTO here, which includes decent statistics:
traderedge.net
I have not yet done any back testing on the system as a whole myself, but thought the DMISTO was an interesting indicator, so ported it over for those who might want to play with it and create their own systems. I added dots that denote signals similar...
Roofing filters, first discussed by Mr.John Ehlers, act as a passband, filtering out unwanted noise from market data and accentuating turning points.
I have included 2 indicators with filters enabled. Both support double smoothing via options page. All the parameters are configurable.
Info on Roofing Filter and Ehlers Super...
This is Mr. Sylvian Vervoort's take on improving some well-known indicators (%B and Stoch) using smoothing techniques. A combination of TEMA and WMA does a nice job smoothing out %B, derived from zero-lag “Rainbow” data series. The same Rainbow series, averaged with the typical price, smooth the Stochastic K oscillator to produce slowStoch.
Vervroot's strategy...
The PSO, developed by Lee Leibfarth, is a rewired version of a short-period stochastic. This provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities.
Rules as suggested by Mr.Lee:
For...
This back testing strategy generates a long trade at the Open of the following
bar when the %K line crosses below the %D line and both are above the Overbought level.
It generates a short trade at the Open of the following bar when the %K line
crosses above the %D line and both values are below the Oversold level.
I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.
Hi
Let me introduce my DSS Bressert (Double Smoothed Stochastic) script.
Double Smoothed Stochastics (DSS) is designed by William Blaw.
It attempts to combine moving average methods with oscillator principles.
![BTCUSD: Indicator: Vervoort Smoothed Oscillator [LazyBear]](https://s3.tradingview.com/e/EXtLf5PR_mid.png "Indicator: Vervoort Smoothed Oscillator [LazyBear]")
