This indicator was originally developed by John F. Ehlers (Stocks & Commodities , V.18:7 (July, 2000): "Optimal Detrending").
Mr. Ehlers applied the ideas of the radar systems for the financial time series detrending.
Mr. Ehlers constructed the Triple Delay-Line Canceller first, then smoothed it with the Modified Optimum Elliptic Filter with minimal lag. The...
Three simple moving averages all in a single indicator for your convenience.
MA 1 - 20
MA 2 - 50
MA 3 - 100
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A basic script that let's you have 3 EMA (Exponential Moving Averages) all-in-one script. They're useful to know the general trends of your chart: Long-time, Short-time (or immediately) & General current trend.
Note: Remember that "exponential" means that these indicators give more weight to the latest data, making them more reactive to price changes (they react...
This script makes use of three RMI's, to indicate Overbought/Oversold.
Adjustments can easily be made, through its settings or script.
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and...
Triple simple moving average. Use this to plot three averages with a single indicator instead of three individual ones.
Defaults are configured for 50, 100 and 200 interval averages. Adjust interval lengths to your desires.
You can have 3 Moving Averages (customizable) using only one indicator! With them, you can know the general trend, immediate trend and the standard. You can try to operate using the crosses of this Moving Averages.
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