https://youtu.be/rTXNQ3Kk9XQ Sent from Mail for Windows 10 Williams %R or Williams Percent Range ✔This type of momentum indicator moves between 0 and -100 ✔Measures overbought and oversold levels. ✔The period typically sets to 14. I prefer 28 as it will reduce the noise. ✔The best results are in a range market in which you can […]
The Weighted Close indicator is calculated as below: Weighted Close Formula : ((Close x 2)+High+Low)/4 Signals: During an uptrend only go long when: the weighted close crosses to above the Moving Average. In a downtrend only go short when: the weighted close crosses to below the Moving average. https://youtu.be/NokifyOHj68
I normally do not use this indicator for signals. Instead, I am using this to recognise the trend as a confirmation for my signals. Rising values confirms the continuation of a trend. (Uptrend or downtrend) Falling values indicate a ranging market. High values: Potentially end of a trend. Low values: Maybe start of a trend. […]
https://youtu.be/_x2BCgIkrTo Ultimate Oscillator = 100 x [(4 x Cycle1) + (2 x Cycle2) + Cycle3] / (4 + 2 + 1) Calculation If: · Cycle 1=7 · Cycle 2=14 · Cycle 3=28 Then: Ultimate Oscillator = 100 x [(4 x Average7) + (2 x Average14) + Average28] / (4 + 2 + 1) Overbought and […]
https://youtu.be/ERom_ZIixDk Typical Price is an approximate arithmetic average. Some people call this a Pivot point How to calculate: High: H Low: L Some people use this Open: O TP= (H+L+O+C)/4 Close: C The formula is as below: TP= (H+L+C)/3 Strategy: Combine this with a moving average. Signal: Every time TP crosses above MA it gives […]
The true range is different from the price range. To calculate the price range, we only need to find the distance between high and low during a specific time. But to calculate True range we should find the biggest distance between high(H), Low(L) and Previous close (Pc). Previous bar’s close (C.1) Current bar’s high (H) […]
Triple Exponential Average (TRIX) · TRIX is an Oscillator: Oscillates around zero o Overbought if it is above zero – I do not like this definition! o Oversold when it is below zero – I do not like this definition! · When TRIX is used as a momentum indicator o Positive value means the momentum […]
https://youtu.be/R2Facmr1CZQ The Time Series Forecast tries to calculate a best-fit line over a specified time period using Linear Regression. This line is then plotted forward for a user-defined time period. I use this in an identical way as I use 2 moving average indicators.So the same setups will be used here. You can watch the […]
Swing Index is used to compare a price movement to price swing The purpose is to defining the strength of price movement. Positive SI reading can be a sign of a price up-move and negative SI readings considered as a sign of price down-move. Swing Index is based on the 2-bar data I prefer to […]
A stochastic oscillator is a momentum indicator . Trading Strategy: ✔ Recognise the trend: 👉 In a trendy market only open position in the direction of trend. 👉In a range market you can use both buy and sell signals. ✔ Upper band and lower band indicating different things in different market conditions: 👉In a trendy […]
