predictive_moving_average
Description:
Originated by John F. Ehlers, could be found within (Rocket Science for Traders, pg. 212). Aim to provide a leading indicator (I assumed for the shorter time period), which smoothed the price with no lag. The indicator derives from 2 lines crossing i.e. a weighted moving average, of higher length as a predictor and shorter length as a trigger.
Predictive Moving Average:
predict = 2*wma1 - wma2
trigger = (4*predict+3*predict+2*predict+predict)/10
Feature:
- Predictive moving average
- Deviation band
Notes
- Consider the support/resistance (dynamic) when entering the position
- Some short direction change might be identified from deviation shrink
- Green indicates to enter/long, while red indicates to close/short position
Notes de version:
Predictive Moving Average:
predict = 2*wma1 - wma2
trigger = (4*predict+3*predict+2*predict+predict)/10
predict = 2*wma1 - wma2
trigger = (4*predict+3*predict+2*predict+predict)/10
Notes de version:
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Notes de version:
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Notes de version:
changed to overlay, with a slight adjustment in the color condition
Notes de version:
update on additional options of band/envelope and bar-color
example:
example:
Notes de version:
update on close alert