What is the Elder Force Index? Dr. Alexander Elder is one of the contributors to a newer generation of technical indicators. His force index is an oscillator that measures the force, or power, of bulls behind particular market rallies and of bears behind every decline. The three key components of the force index are the direction of price change, the extent of...
Jurik RSX on JMA is identical to indicator RSI RSX , except that price data is pre-smoothed by JMA . Doing so extends the range of RSX and produces fewer micro reversals. That lends itself to advanced analysis. Output Range: -100 to +100. What is RSX? RSI is a very popular technical indicator, because it takes into consideration market speed, direction and...
The "Mobo Bands" oscillator are the Bollinger Bands but with an adjusted Standard Deviation. It's used for finding breakout trading signals and are designed to work on the 1 Hour chart and higher. Included on the screenshot is Baseline . This is used to further filter the MOBO signal. MOBO itself is shown in the lower indicator window. The MOBO is what is...
Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart). This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0...
The average directional index ( ADX ) is a technical analysis indicator used by some traders to determine the strength of a trend. The trend can be either up or down, and this is shown by two accompanying indicators, the negative directional indicator ( -DI ) and the positive directional indicator ( +DI ). Therefore, the ADX commonly includes three separate...
This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double ( TRD ) This backtest includes 3 different types of signals Signal cross Initial Long (L): Hard flip downtrend to uptrend; DSS line crosses up Signal Initial Short (S):Hard flip...
The original volatility quality index was invented by Thomas Stridsman. This version doesn't use averages for trend estimation, but instead uses the slope of the Volatility quality. In order to lessen the number of signals (which can be enormous if the VQ is not filtered), some versions similar to this use pips filters. This version is uses a % ATR ( Average True...
The Dinapoli Stochastic indicator uses a smoothing method that is different from the standard stochastic. This indicator can be useful to all traders who aren’t satisfied with the performance of the usual stochastic. This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average...
Coral is a modified version of T3 moving average . Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double ( TRD ) Filters Post Coral Filter Cross Qualifier (PBCQ): If price crosses the Coral Filter but the trade is invalid due to additional qualifiers, then the strategy doesn't enter a trade on that candle. This setting allows...
Coral is a modified version of T3 moving average. Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double ( TRD ) Take profit philosophy The Take Profits and Stop Loss are based on multiples of volatility . So, if you set Take Profit 1 to a multiple of 1, which is the default, then the the Take Profit 1 for a Long is: source +...
Braid Filter was created by Robert Hill. It first appeared in an issue of Stocks and Commodities Magazine in 2006. This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double (TRD) Signals Initial Long (L): Hard flip downtrend to uptrend; ...
There is an obscure indicator in the Forex trading ecosystem called JTPO and most have no idea where it came from. JTPO is the abbreviation for "Jurik Turning Point Oscillator". This is a velocity based indicator that mirrors Spearman Rank Correlation. This is considered one of the most powerful reversal indicators in the retail space. This indicator makes use...
This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double ( TRD ) Signals Initial Long (L): Hard flip downtrend to uptrend; LWPI crosses up Middle line Initial Short (S): Hard flip uptrend to downtrend flip; LWPI crosses down the Middle...
This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double (TRD) Signals Initial Long (L): Hard flip downtrend to uptrend; Bull line crosses up Bear line Initial Short (S):Hard flip downtrend to uptrend; Bull line crosses down Bear...
The Schaff Trend Cycle (STC) indicator is the product of combining Slow Stochastics and the Moving Average Convergence/Divergence (MACD). The MACD has a reputation as a trend indicator, but it's also notorious for lagging due to its slow responsive signal line. The improved signal line gives the STC its relevance as an early warning sign to detect trends. This...
Trend Direction Force Index w/ Jurik Smoothing Backtest is a volatility and trend indicator that oscillates between -1 and 1 with a deadzone for low volatility periods. Jurik filter is included to reduce noise. This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True...
Absolute Strength (aka Absolute Strength Histogram) Backtest is a momentum indicator that shows trend strength of bulls vs bears. This indicator originates from MQL Forex Traders. This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double...
This indicator makes use of the Moving Averages found in the Baseline Backtest indicator: Volatility Types v1.0 Included Volatility Average True Range (ATR) True Range Double (TRD) Upper Lower Crosses Initial Long (L): Hard flip downtrend to uptrend; Upper line crosses up Lower line Initial Short (S):Hard flip downtrend to uptrend; Lower line crosses down...