Time and Money Chart Channel
------------------------------------------------------
TAM channels, introduced by Stuart Belknap, is part of his TAM charts setup.
These bands use SMA as the basis. 3 lines above and below paralleling the centerline (basis) represent one, two and three sigmas of the actual data points from the mean centerline.
More info:
http://www.traders.com/Documentation/FEE...
Stuart prefers display of volatility sigma and SMI ( Stoch Momentum) along with the price grid. I will post his entire setup in a followup post,
Tom Demark Pressure Ratio
-----------------------------------------------------
As explained by Tom Demark:
>>
>> TD Pressure is an indicator, shown as an oscillator, with more precision and consistency than
>> Money Flow and On-Balance Volume . It allows you to determine the critical buying and selling
>> levels so that you can enhance profitability with better trade location
>>
75 and 25 are the usual overbough/oversold levels.
More info:
ftp:// ftp .aspenres.com/documentation/ DeMark . pdf
------------------------------------------------------
TAM channels, introduced by Stuart Belknap, is part of his TAM charts setup.
These bands use SMA as the basis. 3 lines above and below paralleling the centerline (basis) represent one, two and three sigmas of the actual data points from the mean centerline.
More info:
http://www.traders.com/Documentation/FEE...
Stuart prefers display of volatility sigma and SMI ( Stoch Momentum) along with the price grid. I will post his entire setup in a followup post,
Tom Demark Pressure Ratio
-----------------------------------------------------
As explained by Tom Demark:
>>
>> TD Pressure is an indicator, shown as an oscillator, with more precision and consistency than
>> Money Flow and On-Balance Volume . It allows you to determine the critical buying and selling
>> levels so that you can enhance profitability with better trade location
>>
75 and 25 are the usual overbough/oversold levels.
More info:
ftp:// ftp .aspenres.com/documentation/ DeMark . pdf
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note.
//
study("Time and Money Chart Channel [LazyBear]", shorttitle="TAMC_LB",overlay=true)
length = input(41)
showPriceTracker=input(false, type=bool)
prev(s, x) =>
y=abs(round(x))
s[y]
halfLength = floor( length /2 )
basis = sma( close, length )
plot( basis, title="Minor term avg", color=maroon, style=3 )
yom = 100 * ( close - prev( basis, halfLength ))/prev( basis, halfLength )
avyom = sma( yom, 2 * length )
varyom = sma( yom * yom, 2 * length ) - avyom * avyom
som = prev( sqrt( varyom ), halfLength )
sigom = sma( som, length )
plot( basis * ( 1 + 0.01 * sigom ), title="Ch+1", color=red, trackprice=showPriceTracker )
plot( basis * ( 1 - 0.01 * sigom ), title="Ch-1", color=green, trackprice=showPriceTracker )
plot( basis * ( 1 + 0.02 * sigom ), title="Ch+2", color=red, trackprice=showPriceTracker )
plot( basis * ( 1 - 0.02 * sigom ), title="Ch-2", color=green, trackprice=showPriceTracker )
plot( basis * ( 1 + 0.03 * sigom ), title="Ch+3", color=red, trackprice=showPriceTracker )
plot( basis * ( 1 - 0.03 * sigom ), title="Ch-3", color=green, trackprice=showPriceTracker )