Logistic Map Equation - The logistic map connects fluid convection, neuron firing, the Mandelbrot set and so much more.
This study is an attempt to apply Logistic Map Equation in Trading
Logistic Map Equation
Xn+1 = r * Xn * (1 - Xn)
r - growth rate
Xn - percentage of theoretical maximum of measured event (from 0 to 1)
(1 - Xn) - represents...
Elder Ray Bull and Bear Power Oscillators
Tradingview Screener Bull Bear Power(BBPOWER)
The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are:
Simple backtest for Bears Bulls Impulse found here:
What this backtest includes:
-Customization of inputs for MACD calculation
-Take profit 1 (TP1), and Stop-loss (SL), calculated using standard RMA-smoothed true range
-Activation of TP1 after entry candle closes
-Signal-cross entry signals
-Longs and shorts
This indicator enables to select an upper timeframe’s Bull Power Bear Power(aka Elder Ray Indicator) (MTF) and the one of chart’s timeframe simultaneously by which users can always analyze looking at upper timeframe situation.
Also, it displays signals when bull power bear power cross zero line with an ability to set alerts.