OPEN-SOURCE SCRIPT

Leading Indicator [TH]

Aktualisiert
The leading indicator is helpful to identify early entries and exits (especially near support and resistance).

Green = trend up
Red = trend down

How it works:
The leading indicator calculates the difference between price and an exponential moving average.
Adding the difference creates a negative lag relative to the original function.
Negative lag is what makes this a leading indicator.
The amount of lead is exactly equal to the amount of lag of the moving average.
The leading indicator has lagging signals at turning points.
The leading indicator will always have noise gain, which gets eliminated by applying a moving average.

Modifying the alpha values will modify the amount of noise and change the sensitivity of trend change.
Example 1: Changing alpha1 from 0.25 to 0.15 lowers noise, more clearly identifies trend, and adds delay to this indicator.
Example 2: Changing alpha1 from 0.25 to 0.35 increases noise, less clearly identifies trend, BUT more quickly indicates a trend change.

Calculations:

Where:
alpha1 = 0.25
alpha2 = 0.33

Leading = 2 * (arithmetical mean of current High and Low price) + (alpha1 - 2) * (arithmetical mean of previous High and Low price) + (1 - alpha1) * (previous 'Leading' value)
Total Leading = alpha2 * leading + (1 - alpha2) * (previous 'Total Leading' value)
EMA = 0.5 * (arithmetical mean of previous High and Low price) + 0.5 * (previous 'EMA' value)

Uptrend when 'Total Leading' value is greator than the EMA
Downtrend when 'Total Leading' value is lesser than the EMA

Cybernetic Analysis for Stocks and Futures, by John Ehlers (page 231-235)
Versionshinweise
Added alerts for when trend changes up or down.

How to add alerts:
1. Add the indicator to the chart then, then go into its settings
2. Check off Alerts to enable
3. Create Alert
4. Set condition to "Leading"
5. Select create
Versionshinweise
-Fixed issue where nothing plotted anymore.
-Added option to color price bars.
ehlersleadingleadingindicatorMoving AveragestrendTrend Analysistrendcontinuationtrendreversal

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


tanhef.com/

Scripts and content from TanHef are solely for information and education. Past performance does not guarantee of future results.
Auch am:

Haftungsausschluss