Sniper EntryThis source code is an implementation of a TradingView indicator called "Sniper Entry". The purpose of this indicator is to identify potential entry points for trades based on certain candlestick patterns and the Stochastic oscillator.
The indicator calculates the Stochastic oscillator based on the close, high, and low prices of the asset over a period of 14 bars. It then uses this oscillator to generate buy and sell signals.
For a buy signal to be generated, the Stochastic oscillator must cross above the oversold level of 20, and the current candle must either be a bullish pin bar or a bullish engulfing pattern. For a sell signal to be generated, the Stochastic oscillator must cross below the overbought level of 80, and the current candle must either be a bearish pin bar or a bearish engulfing pattern.
The indicator also calculates the stop loss and target levels for both buy and sell trades. The stop loss is calculated based on the low or high of the candle that generated the signal, depending on whether it's a buy or sell signal. The target is calculated based on the risk/reward ratio, which is set to 3 in this implementation. The lot size is also set to 0.01, and the starting capital is set to 100.
The indicator then plots the buy and sell signals, the stop loss and target levels, and the Stochastic oscillator on the chart.
It's important to note that this is just one example of a trading indicator, and its effectiveness may vary depending on market conditions and the asset being traded. It's also important to perform your own analysis and use proper risk management techniques when making trades based on any indicator or strategy.
Oscillateur Stochastique
Dynamo
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Overview
Dynamo is built to be the Swiss-knife for price-movement & strength detection, it aims to provide a holistic view of the current price across multiple dimensions. This is achieved by combining 3 very specific indicators(RSI, Stochastic & ADX) into a single view. Each of which serve a different purpose, and collectively provide a simple, yet powerful tool to gauge the true nature of price-action.
Background
Dynamo uses 3 technical analysis tools in conjunction to provide better insights into price movement, they are briefly explained below:
Relative Strength Index(RSI)
RSI is a popular indicator that is often used to measure the velocity of price change & the intensity of directional moves. RSI computes the relative strength of the current price by comparing the security’s bullish strength versus bearish strength for a given period, i.e. by comparing average gain to average loss.
It is a range bound(0-100) variable that generates a bullish reading if average gain is higher, and a bullish reading if average loss is higher. Values over 50 are generally considered bullish & values less than 50 indicate a bearish market. Values over 70 indicate an overbought condition, and values below 30 indicate oversold condition.
Stochastic
Stochastic is an indicator that aims to measure the momentum in the market, by comparing most recent closing price of the security to its price range for a given period. It is based on the assumption that price tends to close near the recent high in an up trend, and it closes near the recent low during a down trend.
It is also range bound(0-100), values over 80 indicate overbought condition and values below 20 indicate oversold condition.
Average Directional Index(ADX)
ADX is an indicator that can quantify trend strength, it is derived from two underlying indices, known as Directional Movement Index(DMI). +DMI represents strength of the up trend, and -DMI represents strength of the down trend, and ADX is the average of the two.
ADX is non-directional or trend-neutral, which means, it does not follow the direction of the price, instead ADX will rise only when there is a strong trend, it does not matter if it’s an up trend or a down trend. Typical ranges of ADX are 25-50 for a strong trend, anything below 25 is considered as no trend or weak trend. ADX can frequently shoot upto higher values, but it generally finds exhaustion levels around the 60-75 range.
About the script
All these indicators are very powerful tools, but just like any other indicator they have their limitations. Stochastic & ADX can generate false signals in volatile markets, meaning price wouldn’t always follow through with what’s being indicated. ADX may even fail to generate a signal in less volatile markets, simply because it is based on moving averages, it tends to react slower to price changes. RSI can also lose it’s effectiveness when markets are trending strong, as it can stay in the overbought or oversold ranges for an extended period of time.
Dynamo aims to provide the trader with a much broader perspective by bringing together these contrasting indicators into a single simplified view. When Stochastic becomes less reliable in highly volatile conditions, one can cross validate their deduction by looking at RSI patterns. When RSI gets stuck in overbought or oversold range, one can refer to ADX to get better picture about the current trend. Similarly, various combinations of rules & setups can be formulated to get a more deterministic view, when working with either of these indicators.
There many possible use cases for a tool like this, and it totally depends on how you want to use it. An obvious option is to use it to trigger signals only after it has been confirmed by two or more indicators, for example, RSI & Stochastic make a great combination for cross-over or cross-under strategies. Some of the other options include trend detection, strength detection, reversals or price rejection points, possible duration of a trend, and all of these can very easily be translated into effective entry and exit points for trades.
How to use it
Dynamo is an easy-to-use tool, just add it to your chart and you’re good to start with your market analysis. Output consists of three overlapping plots, each of which tackle price movement from a slightly different angle.
Stochastic: A momentum indicator that plots the current closing price in relation to the price-range over a given period of time.
Can be used to detect the direction of the price movement, potential reversals, or duration of an up/down move.
Plotted as grey coloured histograms in the background.
Relative Strength Index(RSI): RSI is also a momentum indicator that measures the velocity with which the price changes.
Can be used to detect the speed of the price movement, RSI divergences can be a nice way to detect directional changes.
Plotted as an aqua coloured line.
Average Directional Index(ADX): ADX is an indicator that is used to measure the strength of the current trend.
Can be used to measure how strong the price movement is, both up and down, or to establish long terms trends.
Plotted as an orange coloured line.
Features
Provides a well-rounded view of the market movement by amalgamating some of the best strength indicators, helping traders make better informed decisions with minimal effort.
Simplistic plots that aim to convey clean signals, as a result, reducing clutter on the chart, and hopefully in the trader's head too.
Combines different types of indicators into a single view, which leads to an optimised use of the precious screen real-estate.
Final Note
Dynamo is designed to be minimalistic in functionality and in appearance, as it is being built to be a general purpose tool that is not only beginner friendly, but can also be highly-configurable to meet the needs of pro traders.
Thresholds & default values for the indicators are only suggestions based on industry standards, they may not be an exact match for all markets & conditions. Hence, it is advisable for the user to test & adjust these values according their securities and trading styles.
The chart highlights one of many possible setups using this tool, and it can used to create various types of setups & strategies, but it is also worth noting that the usability & the effectiveness of this tool also depends on the user’s understanding & interpretation of the underlying indicators.
Lastly, this tool is only an indicator and should only be perceived that way. It does not guarantee anything, and the user should do their own research before committing to trades based on any indicator.
Exponential Stochastic Strategywhat is Exponential Stochastic?
it is a modified version of the stochastic indicator. This strategy does not include pyramiding, repaint, trailing stop or take profit.
what it does?
It contains an extra input in addition to the stochastic indicator. Thanks to this input, different exponential weights can be given to the outputs and the indicator can be made more sensitive or insensitive. The strategy buys when the indicator leaves the overbought zone, sells when it leaves the oversold zone and always stays in the trade.
how it does it?
it uses this formula: i.hizliresim.com
Thanks to this formula, even if the weights given to the outputs change, the indicator always continues to take a value between 0 and 100.
how to use it ?
With the input named "exp", you can change the sensitivity of the indicator and develop different strategies. other inputs are the same as the stochastic indicator. Increasing the exp value causes the indicator to signal less, decreasing it makes it much more sensitive.
Stochastic Oversold / Overbought Multi Time Frame on CandleAt the suggestion of a friend, I prepared this educational indicator to show how to use a Multi time frames on the chart based on the color of The Candle.
This Script calculates the stochastic oscillator for multiple timeframes and displays the overbought/oversold signals on the chart with color coding.
The stochastic oscillator is a momentum indicator that compares a security's closing price to its high-low range over a set number of periods. The indicator oscillates between 0 and 100, with readings above 80 considered overbought and readings below 20 considered oversold.
The indicator has the following input parameters:
%K Length: the number of periods used to calculate the stochastic oscillator (default is 14).
%K Smoothing: the number of periods used to smooth the stochastic oscillator (default is 1).
Three timeframes: The timeframes for which the stochastic oscillator is calculated can be set as 15-minute, 1-hour, or 4-hour intervals. For each timeframe, the user can choose to display the indicator (or not) and set the color of the candle. The user can also set the overbought and oversold levels (default is 80 and 20, respectively).
The indicator calculates the stochastic oscillator using the ta.stoch function from the built-in ta library in PineScript. It then uses the ta.sma function to smooth the stochastic oscillator if specified. Finally, the indicator uses the TimeframFuction to calculate the stochastic oscillator for different timeframes, which is then displayed on the chart using the barcolor function. The color of the candle is set based on whether the stochastic oscillator is overbought or oversold, as determined by the overbought/oversold levels specified by the user.
Note: This code is example for you to use multi timeframe in your indicator or Strategy , also prevent Repainting Calculation
[US30-GOLD] Keltner Channel & Moving Average [2 orders]TREND IDENTIFICATION: Keltner Channels, Moving Average.
- Keltner Channels:
... Keltner Channels long when closes candle crossover Upper 2.
... Keltner Channels short when closes candle crossunder Lower 2.
- Moving average : 50
... MA long when closes candle above MA 50.
... MA short when closes candle below MA 50.
OPEN TRADE RULE:
- Open a buy when K crossover D and D > 50.
- Open a sell when K crossunder D and D < 50
* Open 2 positions avoids to miss the first.
HISTORY BACKTESTING RESULT:
Wave Master ProThis indicator is built on Stochastics and uses multiple timeframes to give you a heatmap style view of where overbought and oversold levels are across 25 different timeframes.
Here's a few things you'll want to watch out for when using this indicator:
OVERBOUGHT
When a wave goes into overbought or is approaching overbought, you'll notice the heatmap transitioning from orange to red. Probably wise to move up stop losses or close the position out, especially when the entire vertical time slot is completely red.
OVERSOLD
Opposite of overbought, when a wave goes into oversold, the heatmap will transition from orange to green. This could be a good place to close out short positions or be on the lookout for long positions. Again, especially when the entire vertical time slot is completely green.
TIMEFRAMES
This indicator is dynamic in that it will automatically adjust the heatmap timefrmaes as you change the timeframe of your chart.
LIMITATIONS
Due to there being so many different timeframes that are utilized in this indicator, you will find that this indicator works best on 1H timeframes or lower, but it will work up to 4H timeframes. Currently, anything above 4H is not optimal for this indicator. I would recommend using the regular Wave Master indicator if you like using high timeframes.
OTHER USEFUL INFORMATION
This is a vidual aid in determining when many timeframes approach and reach extended levels based on the configuration of the Stochastics that we have found to be most optimal, especially in lower timeframes. It is wise to refer back to the Wave Master indicator for a raw view of the waves.
Macro Score - Dem. Fib. McGinley DynamicsA "macro score", as defined here, is created by giving various weights to different signals and adding them together to get one smooth score. Positive or negative values are assigned to each of the signals depending on if the statement is true or false (e.g. DPO > 0: +1, DPO < 0: -1). This manner of strategy allows for a subset of the available signals to be present at one time as opposed to every technical signal having to be active in order for a long/short signal to trigger.
The DFMG - Democratic Fibonacci McGinley Dynamic - is a separate indicator that we have released that takes 10 different Fibonacci McGinley Dynamics (lengths of 3 to 233, at Fibonacci intervals) and averages them to form the DFMG line. This helps by creating a consensus on the trend based on these dynamic lines alone. Crossovers of the DFMG with the various McGinley lengths as well as a cross of the price source and these lines can provide adequate long and short signals.
This strategy has the signals and weights pre-determined in the code. Heaviest weights have been given to crosses of the DFMG line/McGinley(233) as well as the crosses of the McGinley(3)/DFMG. Additionally, there are thresholds for DPO ( Detrended Price Oscillator , above or below 0), CMO ( Chande Momentum Oscillator , above or below 0), Jurik Volatility Bands (above or below 0), and Stoch RSI (above or below 50). These four signals hold a lighter weight than the McGinley cross signals.
The macro score itself is printed in an underlay as a white line that goes between -10 and 10 for this strategy. In addition to the macro score line, a green momentum line (sourced by the macro score itself) has been included. A crossover/crossunder of the macro score and the macro momentum line is included into the long/short signal syntax in addition to long and short thresholds for the macro score, defaulted to 5 and -5 respectively.
Take profit, stop loss, and trailing percentages are also included, found at the bottom of the Input tab under “TT and TTP” as well as “Stop Loss”. Make sure to understand the TP/SL ratio that you desire before use, as the desired hit rate/profitability percentage will be affected accordingly. The option for adding in a trailing stop has also been included, with options to choose between an ATR-based trail or a percentage-based trail.
This strategy does NOT guarantee future returns. Apply caution in trading regardless of discretionary or algorithmic. Understand the concepts of risk/reward and the intricacies of each strategy choice before utilizing them in your personal trading.
Profitview/Pineconnector Settings:
If you wish to utilize Profitview’s automation system, find the included “Profitview Settings” under the Input tab of the strategy settings menu. If not, skip this section entirely as it can be left blank. Options will be “OPEN LONG TITLE”, “OPEN SHORT TITLE”, “CLOSE LONG TITLE”, and “CLOSE SHORT TITLE”. If you wished to trade SOL, for example, you would put “SOL LONG”, “SOL SHORT”, “SOL CLOSE LONG”, and “SOL CLOSE SHORT” in these areas. Within your Profitview extension, ensure that your Alerts all match these titles. To set an alert for use with Profitview, go to the “Alerts” tab in TradingView, then create an alert. Make sure that your desired asset and timeframe are currently displayed on your screen when creating the alert. Under the “Condition” option of the alert, select the strategy, then select the expiration time. If using TradingView Premium, this can be open-ended. Otherwise, select your desired expiration time and date. This can be updated whenever desired to ensure the strategy does not expire. Under “Alert actions”, nothing necessarily needs to be selected unless so desired. Leave the “Alert name” option empty. For the “Message”, delete the generated message and replace it with {{strategy.order.alert_message}} and nothing else. If using Pineconnector, follow the same directions for setting up an alert, but use the " ,buy, ,risk=" syntax as noted in the tooltips.
Default Properties for AVAX 20M:
DPO - 35 , uncentered
CMO - 25, open
K/D - 3/3
RSI Stoch Length - 3
Stoch Length - 4
Stoch Source - open
JVB Length - 14
JVB Smoothing - 2
DFMG source - close
Macro Length - 14
TP % - 1.5%
TTP % - 0.005%
SL % - 1.8%, no trail
Daryl IndicatorThis script is intended to give you signals when to buy or sell a FOREX pair based on a combination of exponential moving averages combined with the Stochastic indicator.
How Buy Signal is Triggered:
Close Price is above 200 EMA (1 Day timeframe)
Close Price is below the 20 EMA (4 Hour timeframe)
Low Price is above the 50 EMA (1 Day timeframe)
Stochastic is less than/equal to 20 (1 Day timeframe)
How Sell Signal is Triggered:
Close Price is below 200 EMA (1 Day timeframe)
Close Price is above the 20 EMA (4 Hour timeframe)
High Price is below the 50 EMA (1 Day timeframe)
Stochastic is greater than/equal to 80 (1 Day timeframe)
All the settings and timeframes of this indicator are adjustable. You can also set this up to send you alerts when a buy or sell signal is triggered.
NOTE - In this example:
200 EMA (1 Day timeframe) = white line
50 EMA (1 Day timeframe) = yellow line
20 EMA (4 Hour timeframe) = orange line
DEVIATION OF THE STOCHASTIC INDICATORThis new technical indicator uses the stochastic oscillator as its base and calculates the deviation of its moving average, generating an alternative view of market volatility.
Stochastic RSI ScreenerStochastic RSI Screener is built as an indicator and can be applied to any chart.
It gives users the ability to choose 5 specific symbols to watch and then specify the required options to change the RSI and Stochastic settings in a way that fits their needs.
This screener shows the values of (CURRENT PRICE, RSI, K-VALUE, D-VALUE) for each one of the specified symbols. It will do the calculations based on the currently opened timeframe for all symbols.
GKD-C Double Smoothed Stochastic of Momentum [Loxx]Giga Kaleidoscope Double Smoothed Stochastic of Momentum Confirmation is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend (such as "Baseline" shown on the chart above)
3. Confirmation 1 - a technical indicator used to identify trends. This should agree with the "Baseline"
4. Confirmation 2 - a technical indicator used to identify trends. This filters/verifies the trend identified by "Baseline" and "Confirmation 1"
5. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
6. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 module (Confirmation 1/2, Numbers 3 and 4 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 5 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 6 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average as shown on chart
Volatility/Volume: Volatility Ratio as shown on chart
Confirmation 1: Double Smoothed Stochastic of Momentum as shown on the chart above
Confirmation 2: Jurik Turning Point Oscillator
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Now that you have a general understanding of the NNFX algorithm and the GKD trading system. Let's go over what's inside the GKD-E Double Smoothed Stochastic of Momentum itself.
What is Double Smoothed Stochastic of Momentum?
The Double Smoothed Stochastic of Momentum demonstrates smoother indicators and therefore gives fewer false signals in comparison with the traditional oscillator.
The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
The Double Smoothed Stochastic of Momentum indicator can be used in the strategies oriented to a standard stochastic. However, the stronger smoothing can lead to the loss of an array of signals. It is recommended to apply any trend indicator for more efficient use of the indicator and its signals filtering.
Signals
A GKD-C Confirmation indicator can be used as either a Confirmation 1, Confirmation 2, or Solo Confirmation indicator. See step 3 & 4 of the NNFX algorithm above to understand how this indicator fits into the GKD trading system. The Solo Confirmation setting allows you to test this indicator by itself without an additional GKD-C indicator present in the GKD protocol chain.
On the chart shown above, this indicator is shown as GKD-C Double Smoothed Stochastic of Momentum and is set to Solo Confirmation. The GKD-B Baseline, GKD-V Volatility Ratio, and this indicator satisfy the first three steps in the GKD trading system chain: GKD-B => GKD-V => GKD-C(solo).
The signals from each of these settings are as follows:
Confirmation 1 Signal
Initial Long (L): Double Smoothed Stochastic of Momentum crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic of Momentum crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic of Momentum crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic of Momentum crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic of Momentum crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic of Momentum then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Signal
Initial Long (L): Double Smoothed Stochastic of Momentum crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic of Momentum crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic of Momentum crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic of Momentum is still above middle-line; then, Double Smoothed Stochastic of Momentum crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic of Momentum is still below middle-line; then, Double Smoothed Stochastic of Momentum crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic of Momentum then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic of Momentum crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic of Momentum crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Continuation Long Confirmation 1 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 1 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-up over middle-line but Baseline is still in downtrend; and Double Smoothed Stochastic of Momentum crossed-up over middle-line on the same bar or XX bars in the future but Baseline is still in downtrend; then Baseline turns to uptrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic of Momentum crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic of Momentum is still above middle-line; then, The imported GKD-C Confirmation 1 crosses-up over the signal
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic of Momentum is still below middle-line; then, The imported GKD-C Confirmation 1 crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 2
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 2 (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic of Momentum crosses-up over the signal
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic of Momentum crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Both
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal; Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal within "Number of Bars Confirmation" bars in the future
Continuation Short Confirmation 2 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal; Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal within "Number of Bars Confirmation" bars in the future
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line and Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, the imported GKD-C Confirmation 1 crosses-up over its signal, and Double Smoothed Stochastic of Momentum crosses-up over its signal within "Number of Bars Confirmation" bars in the future
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line and Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, the imported GKD-C Confirmation 1 crosses-down under its signal, and Double Smoothed Stochastic of Momentum crosses-down under its signal within "Number of Bars Confirmation" bars in the future
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Both; Confirmation Type: (continuations don't change from the variations above)
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic of Momentum crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crosses-up over middle-line, then the imported GKD-C Confirmation 1 indicator crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic of Momentum crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crosses-down under middle-line, then the imported GKD-C Confirmation 1 indicator crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic of Momentum crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic of Momentum crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Solo Confirmation Signals
Initial Long (L): Double Smoothed Stochastic of Momentum crosses-up over middle-line
Initial Short (S): Double Smoothed Stochastic of Momentum crosses-down under middle-line
Continuation Long (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal
Continuation Short (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): Double Smoothed Stochastic of Momentum crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars
Post Baseline Cross Short (BS): Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic of Momentum is still above middle-line
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic of Momentum is still below middle-line
X-bar Rule settings
This rule only applies when this indicator "Confirmation Type" set to "Confirmation 2"
Requirements
Inputs: Confirmation 1 and Solo Confirmation: GKD-V Volatility/Volume indicator; Confirmation 2: GKD-C Confirmation indicator
Output: Confirmation 2 and Solo Confirmation: GKD-E Exit indicator; Confirmation 1: GKD-C Confirmation indicator
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
GKD-C Double Smoothed Stochastic [Loxx]Giga Kaleidoscope Double Smoothed Stochastic Confirmation is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend (such as "Baseline" shown on the chart above)
3. Confirmation 1 - a technical indicator used to identify trends. This should agree with the "Baseline"
4. Confirmation 2 - a technical indicator used to identify trends. This filters/verifies the trend identified by "Baseline" and "Confirmation 1"
5. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
6. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 module (Confirmation 1/2, Numbers 3 and 4 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 5 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 6 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average as shown on chart
Volatility/Volume: Volatility Ratio as shown on chart
Confirmation 1: Double Smoothed Stochastic as shown on the chart above
Confirmation 2: Jurik Turning Point Oscillator
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Now that you have a general understanding of the NNFX algorithm and the GKD trading system. Let's go over what's inside the GKD-E Double Smoothed Stochastic itself.
What is Double Smoothed Stochastic?
The Double Smoothed Stochastic demonstrates smoother indicators and therefore gives fewer false signals in comparison with the traditional oscillator.
The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
The Double Smoothed Stochastic indicator can be used in the strategies oriented to a standard stochastic. However, the stronger smoothing can lead to the loss of an array of signals. It is recommended to apply any trend indicator for more efficient use of the indicator and its signals filtering.
Signals
A GKD-C Confirmation indicator can be used as either a Confirmation 1, Confirmation 2, or Solo Confirmation indicator. See step 3 & 4 of the NNFX algorithm above to understand how this indicator fits into the GKD trading system. The Solo Confirmation setting allows you to test this indicator by itself without an additional GKD-C indicator present in the GKD protocol chain.
On the chart shown above, this indicator is shown as GKD-C Double Smoothed Stochastic and is set to Solo Confirmation. The GKD-B Baseline, GKD-V Volatility Ratio, and this indicator satisfy the first three steps in the GKD trading system chain: GKD-B => GKD-V => GKD-C(solo).
The signals from each of these settings are as follows:
Confirmation 1 Signal
Initial Long (L): Double Smoothed Stochastic crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Signal
Initial Long (L): Double Smoothed Stochastic crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic is still above middle-line; then, Double Smoothed Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic is still below middle-line; then, Double Smoothed Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Continuation Long Confirmation 1 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 1 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-up over middle-line but Baseline is still in downtrend; and Double Smoothed Stochastic crossed-up over middle-line on the same bar or XX bars in the future but Baseline is still in downtrend; then Baseline turns to uptrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic is still above middle-line; then, The imported GKD-C Confirmation 1 crosses-up over the signal
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic is still below middle-line; then, The imported GKD-C Confirmation 1 crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 2
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 2 (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic crosses-up over the signal
BL Recovery Continuation Short (RS): Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Both
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal; Double Smoothed Stochastic is over middle-line, then crosses-up over the signal within "Number of Bars Confirmation" bars in the future
Continuation Short Confirmation 2 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal; Double Smoothed Stochastic is under middle-line, then crosses-down under the signal within "Number of Bars Confirmation" bars in the future
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line and Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, the imported GKD-C Confirmation 1 crosses-up over its signal, and Double Smoothed Stochastic crosses-up over its signal within "Number of Bars Confirmation" bars in the future
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line and Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, the imported GKD-C Confirmation 1 crosses-down under its signal, and Double Smoothed Stochastic crosses-down under its signal within "Number of Bars Confirmation" bars in the future
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Both; Confirmation Type: (continuations don't change from the variations above)
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic crosses-up over middle-line, then the imported GKD-C Confirmation 1 indicator crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic crosses-down under middle-line, then the imported GKD-C Confirmation 1 indicator crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Solo Confirmation Signals
Initial Long (L): Double Smoothed Stochastic crosses-up over middle-line
Initial Short (S): Double Smoothed Stochastic crosses-down under middle-line
Continuation Long (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal
Continuation Short (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): Double Smoothed Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars
Post Baseline Cross Short (BS): Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars
BL Recovery Continuation Long (RL): Double Smoothed Stochastic above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic is still above middle-line
BL Recovery Continuation Short (RS): Double Smoothed Stochastic below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic is still below middle-line
X-bar Rule settings
This rule only applies when this indicator "Confirmation Type" set to "Confirmation 2"
Requirements
Inputs: Confirmation 1 and Solo Confirmation: GKD-V Volatility/Volume indicator; Confirmation 2: GKD-C Confirmation indicator
Output: Confirmation 2 and Solo Confirmation: GKD-E Exit indicator; Confirmation 1: GKD-C Confirmation indicator
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
GKD-C DiNapoli Stochastic [Loxx]Giga Kaleidoscope DiNapoli Stochastic Confirmation is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend (such as "Baseline" shown on the chart above)
3. Confirmation 1 - a technical indicator used to identify trends. This should agree with the "Baseline"
4. Confirmation 2 - a technical indicator used to identify trends. This filters/verifies the trend identified by "Baseline" and "Confirmation 1"
5. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
6. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 module (Confirmation 1/2, Numbers 3 and 4 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 5 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 6 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average as shown on chart
Volatility/Volume: Volatility Ratio as shown on chart
Confirmation 1: DiNapoli Stochastic as shown on the chart above
Confirmation 2: Jurik Turning Point Oscillator
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Now that you have a general understanding of the NNFX algorithm and the GKD trading system. Let's go over what's inside the GKD-E DiNapoli Stochastic itself.
What is DiNapoli Stochastic?
The DiNapoli Stochastic demonstrates smoother indicators and therefore gives fewer false signals in comparison with the traditional oscillator.
The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
The DiNapoli Stochastic indicator can be used in the strategies oriented to a standard stochastic. However, the stronger smoothing can lead to the loss of an array of signals. It is recommended to apply any trend indicator for more efficient use of the indicator and its signals filtering.
Signals
A GKD-C Confirmation indicator can be used as either a Confirmation 1, Confirmation 2, or Solo Confirmation indicator. See step 3 & 4 of the NNFX algorithm above to understand how this indicator fits into the GKD trading system. The Solo Confirmation setting allows you to test this indicator by itself without an additional GKD-C indicator present in the GKD protocol chain.
On the chart shown above, this indicator is shown as GKD-C DiNapoli Stochastic and is set to Solo Confirmation. The GKD-B Baseline, GKD-V Volatility Ratio, and this indicator satisfy the first three steps in the GKD trading system chain: GKD-B => GKD-V => GKD-C(solo).
The signals from each of these settings are as follows:
Confirmation 1 Signal
Initial Long (L): DiNapoli Stochastic crosses-up over middle-line*
Initial Short (S): DiNapoli Stochastic crosses-down under middle-line*
Continuation Long (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): DiNapoli Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, DiNapoli Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, DiNapoli Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the DiNapoli Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Signal
Initial Long (L): DiNapoli Stochastic crosses-up over middle-line*
Initial Short (S): DiNapoli Stochastic crosses-down under middle-line*
Continuation Long (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): DiNapoli Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while DiNapoli Stochastic is still above middle-line; then, DiNapoli Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while DiNapoli Stochastic is still below middle-line; then, DiNapoli Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the DiNapoli Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then DiNapoli Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then DiNapoli Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Continuation Long Confirmation 1 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 1 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-up over middle-line but Baseline is still in downtrend; and DiNapoli Stochastic crossed-up over middle-line on the same bar or XX bars in the future but Baseline is still in downtrend; then Baseline turns to uptrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, DiNapoli Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while DiNapoli Stochastic is still above middle-line; then, The imported GKD-C Confirmation 1 crosses-up over the signal
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while DiNapoli Stochastic is still below middle-line; then, The imported GKD-C Confirmation 1 crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 2
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 2 (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, DiNapoli Stochastic crosses-up over the signal
BL Recovery Continuation Short (RS): DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, DiNapoli Stochastic crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Both
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal; DiNapoli Stochastic is over middle-line, then crosses-up over the signal within "Number of Bars Confirmation" bars in the future
Continuation Short Confirmation 2 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal; DiNapoli Stochastic is under middle-line, then crosses-down under the signal within "Number of Bars Confirmation" bars in the future
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line and DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, the imported GKD-C Confirmation 1 crosses-up over its signal, and DiNapoli Stochastic crosses-up over its signal within "Number of Bars Confirmation" bars in the future
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line and DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, the imported GKD-C Confirmation 1 crosses-down under its signal, and DiNapoli Stochastic crosses-down under its signal within "Number of Bars Confirmation" bars in the future
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Both; Confirmation Type: (continuations don't change from the variations above)
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then DiNapoli Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, DiNapoli Stochastic crosses-up over middle-line, then the imported GKD-C Confirmation 1 indicator crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then DiNapoli Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, DiNapoli Stochastic crosses-down under middle-line, then the imported GKD-C Confirmation 1 indicator crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, DiNapoli Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, DiNapoli Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Solo Confirmation Signals
Initial Long (L): DiNapoli Stochastic crosses-up over middle-line
Initial Short (S): DiNapoli Stochastic crosses-down under middle-line
Continuation Long (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal
Continuation Short (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): DiNapoli Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars
Post Baseline Cross Short (BS): DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars
BL Recovery Continuation Long (RL): DiNapoli Stochastic above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while DiNapoli Stochastic is still above middle-line
BL Recovery Continuation Short (RS): DiNapoli Stochastic below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while DiNapoli Stochastic is still below middle-line
X-bar Rule settings
This rule only applies when this indicator "Confirmation Type" set to "Confirmation 2"
Requirements
Inputs: Confirmation 1 and Solo Confirmation: GKD-V Volatility/Volume indicator; Confiration 2: GKD-C Confirmation indicator
Output: Confirmation 2 and Solo Confirmation: GKD-E Exit indicator; Confiration 1: GKD-C Confirmation indicator
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
Table rsi multiframes(by Lc_M)- Simultaneous display of RSI values on cells corresponding to each selected timeframe, organized in an intuitive table, adjustable in size and position.
- Color indicator on each cell that presents RSI values within the overbought and oversold levels. example: if the user wants to set the O.S/O.B levels to 20 - 80, the colored cells will only appear at "RSI" => 80 and "RSI" <= 20.
- Free configuration of graphic times, lengths and O.B/O.S, according to user standards
Strategy Myth-Busting #5 - POKI+GTREND+ADX - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our fifth one we are automating is one of the strategies from "The Best 3 Buy And Sell Indicators on Tradingview + Confirmation Indicators ( The Golden Ones ))" from "Online Trading Signals (Scalping Channel)". No formal backtesting was done by them and resuructo messaged me asking if we could validate their claims.
Originally, we mimic verbatim the settings Online Trading Signals was using however weren't getting promising results. So before we stopped there we thought we might want to see if this could be improved on. So we adjusted the Renko Assignment modifier from ATR to Traditional and adjusted the value to be higher from 30 to 47. We also decided to try adding another signal confirmation to eliminate some of the ranged market conditions so we choose our favorite, ADX . Also, given we are using this on a higher time-frame we adjusted the G-Channel Trend detection source from close to OHLC4 to get better average price action indication and more accurate trend direction.
This strategy uses a combination of 2 open-source public indicators:
poki buy and sell Take profit and stop loss by RafaelZioni
G-Channel Trend Detection by jaggedsoft
Trading Rules
15m - 4h timeframe. We saw best results at the recommended 1 hour timeframe.
Long Entry:
When POKI triggers a buy signal
When G-Channel Trend Detection is in an upward trend (Green)
ADX Is above 25
Short Entry:
When POKI triggers a sell signal
When G-Channel Trend Detection is in an downward trend (red)
ADX Is above 25
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Zig Zag Stochastic (ZZS)The "Zig Zag Stochastic" indicator is an indicator that uses a combination of zigzag pivot points and exponential smoothing to calculate a stochastic-like oscillator.
The indicator starts by identifying pivot high and pivot low points in the price data using the Zigzag indicator. These pivot points are then used to calculate the scale_price, which is a ratio of the current close price to the range between the current pivot high and pivot low.
Next, the scale_price is smoothed using exponential smoothing. The user can input the desired length of the smoothing period, with a default value of 14. If the user sets the smoothing length to 0, the indicator will automatically calculate the optimal smoothing length using the MAMA period calculation from the Dominant Cycle Estimators library.
The smoothed scale_price is then used to calculate two lines: the K-line and the D-line, both of which are also smoothed using exponential smoothing. The K-line is the main oscillator line and is similar to the %K line in a traditional stochastic oscillator. The D-line is a signal line, similar to the %D line in a traditional stochastic oscillator.
The indicator plots the smoothed scale_price, the K-line, and the D-line. Additionally, it includes horizontal lines at the 80 and 20 levels, and fills the area between them to help identify overbought and oversold conditions.
Adaptive RSI/Stochastic (ARSIS)As a trader, one of the most important aspects of technical analysis is identifying the dominant cycle of the market. The dominant cycle, also known as the market's "heartbeat," can provide valuable information on the current market trend and potential future price movements. One way to measure the dominant cycle is through the use of the MESA Adaptation - MAMA Cycle function, which is a part of the Dominant Cycle Estimators library.
I have developed an "Adaptive RSI/Stochastic" indicator that incorporates the MAMA Cycle function to provide more accurate and reliable signals. The indicator uses the MAMA Cycle function to calculate the period of the data, which is then used as a parameter in the calculation of the RSI and Stochastic indicators. By adapting the calculation of these indicators to the dominant cycle of the market, the resulting signals are more in tune with the current market conditions and can provide a more accurate representation of the current trend.
The MAMA Cycle function is a powerful tool that utilizes advanced mathematical techniques to accurately calculate the dominant cycle of the market. It takes into account the dynamic nature of the market and adapts the calculation of the period to the current conditions. The result is a more accurate and reliable measurement of the market's dominant cycle, which can be used to improve the performance of other indicators and trading strategies.
In conclusion, the Adaptive RSI/Stochastic indicator that I have developed, which incorporates the MAMA Cycle function, is a valuable tool for any trader looking to improve their technical analysis. By adapting the calculation of the RSI and Stochastic indicators to the dominant cycle of the market, the resulting signals are more in tune with the current market conditions and can provide a more accurate representation of the current trend.
Huge thank you to @lastguru for making this possible!
Stoch RSI 15 min - multi time frame tableABOUT THIS INDICATOR
This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart.
IMPORTANT
* NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t be correctly calculated.
* Stochastic RSI will be calculated and displayed in a table for the time frames: 15 min, 30 min, 1h, 4h, 12h.
* All time frames are based on closed bars except the "15minR" that are realtime updated values calculated on a 15 min time frame.
ABOUT STOCHASTIC RSI
The Stochastic RSI (StochRSI) is a momentum indicator that ranges between 0 and 100. A Stochastic RSI value above 80 is considered overbought and below 20 is considered oversold.
By using different time frames you can get a better idea of what direction the trade could take in a "longer" perspective.
SETTINGS
1.) Length RSI = 14 (default period)
2.) Smoothing parameter of Stochastic RSI (Length Moving Average = 3) . Moving average of stochastic RSI
* By default the displayed Stochastic RSI values are smoothed values of the actual Stochastic RSI. The smoothnes is formed by a calculated moving average of with the length of 3 by default.
If you want Stochastic RSI with a sharper signal (higher risk for "false alarms" being more sensitive) change the Length Moving Average to = 1 (no smoothness at all)
You can see the selected "Length RSI" and "Length Moving Average" on top of the Stochastic RSI table.
Next version of this script will be updated with more a more flexible solution for different time frames.
* NOTE, Tradingview comes with a inbuilt Stochastic RSI. See the the chart below. The blue line in the Stochastic-RSI chart represents (K value = 3) the same value as the script calculate/display in the table.
inverse_fisher_transform_adaptive_stochastic█ Description
The indicator is the implementation of inverse fisher transform an indicator transform of the adaptive stochastic (dominant cycle), as in the Cycle Analytics for Trader pg. 198 (John F. Ehlers). Indicator transformation in brief means reshaping the indicator to be more interpretable. The inverse fisher transform is achieved by compressing values near the extremes many extraneous and irrelevant wiggles are removed from the indicator, as cited.
█ Inverse Fisher Transform
input = 2*(adaptive_stoc - .5)
output = e(2*k*input) -1 / e(2*k*input) +1
█ Feature:
iFish i.e. output value
trigger i.e. previous 1 bar of iFish * 0.90
if iFish crosses above the trigger, consider a buy indicated with the green line
while, iFish crosses below the trigger, consider a sell indicate by the red line
in addition iFish needs to be greater than the previous iFish
Bender Stochastic MTF With Buy & Sell SignalsA stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain number of periods. A stochastic indicator can be used to identify potential buying or selling opportunities. It is often used in conjunction with other technical analysis tools to provide a more comprehensive analysis of market conditions.
Configurable Indicator Signals
Signal on k & d Stochastic Line Crosses
Invalidate Signal if not in a overbought or oversold pressure zone
Invalidate signal on neutral zone breach
Invalidate signal on reverse cross
Invalidate signal after a user set number of bars
Delay signal until the cross is considered strong by calculating the distance between the stochastic lines the a user set threshold
Please Note:
This indicator is also embedded in the Bender Bot strategy script. Signals and confluence identified by this indicator can be used to autonomously mange strategies. The below settings will not have any effect on this indicator's functionality when used as a stand alone indicator.
Bender Bot Strategy Confluence
Close any open trade on reverse k & d Stochastic line crosses
Require any signal and Stochastic directional confluence before opening any trade
Require any signal and Stochastic pressure to be in confluence before opening any trade
Require any signal to be in directional confluence with the Stochastic signal
Key Points of Adjoining Median (KPAM)This indicator shows more reliable overbought & oversold levels buy combing 3 different level-indicators (i.e., indicators showing overbought/oversold levels).
A median is created by adjoining two of them and then it is assisted by a third one.
This reduces noise in calculating entries when using level indicators.
Note: The extra indicator shown is "Bands Bands (BanB)"
----- HOW TO USE IT -----
Use with price-action trading and with indicators showing the overall trend.
See notes in chart for more explanation.
The high and low levels of the RSI are within a range of 2 & -2 respectively.
The high and low levels for the median range from 4 & -4 respectively.
The Discordance shows how certain the level of the median is.
For example, if a part of the Discordance touches a low level while the median is at a higher level, then it usually indicates that the median is about to reverse.
The more Discordance that is visible, the less certain the current trend of the median is.
----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT -----
This indicator has an original, unique ability to reduce noise when comparing overbought and oversold levels.
It does this by first adjoining the Stochastic and the Stochastic RSI. Second, it creates a median from the two.
Third, the median is compared to the RSI on the same scale to assist in deciding where the median is at in relation to itself.
It shows whether the median lows and highs are near overbought or oversold levels.
----- VERSION -----
This is not a variant of the Stochastic, Stochastic RSI, and/or the RSI.
The focus is on the median that is created by an adjoining of the Stochastic and Stochastic RSI.
The Stochastic and Stochastic RSI are needed in order to obtain and plot the Median and the Discordance.
The RSI is plotted on the same scale to serve as the comparison needed to evaluate the Median levels with more visual accuracy.
Smooth Stochastic and RSI ComboA lot of people run both stochastic and rsi on one chart so I figured I would make something that combines the two. This script takes both the rsi and the stochastic, smooths them both and then plots them both on top of each other. I have filled it to make an error range and I colored it with the direction of its mean. I hope this frees up some room on your screen! Enjoy!
ps this is not stochastic rsi, its both stochastic and rsi.
Vector ScalerVector Scaler is like Stochastic but it uses a different method to scale the input. The method is very similar to vector normalization but instead of keeping the "vector" we just sum the three points and average them. The blue line is the signal line and the orange line is the smoothed signal line. I have added the "J" line from the KDJ indicator to help spot divergences. Differential mode uses the delta of the input for the calculations. Here are some pictures to help illustrate how this works relative to other popular indicators.
Vector Scaler vs Stochastic
Vector Scaler vs Smooth Stochastic RSI
average set to 100
average set to 200
