––––History & Credit –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– This indicator/screener is inspired by the methodology of a great momentum master - Dan Zanger. Dan holds the world record for higher % gain in a 12month period, which was achieved in 1998 and has not been broken since. One of the secrets he has shared with the world is his famous...
History and credits The idea about this indicator, came from a QuantNomad custom screener. Special thanks to QuantNomad, whose courses got me started on programming on PineScript. www.tradingview.com What it does The indicator plots various values for different indicators for the current symbol. /there is option to add 10 more symbols and create a table...
––––History & Credit Developed by Dr. Van Tharp, SQN it is the ratio between the R-expectancy and its standard deviation, multiplied by the square root of the number of trades. Here is an extract of Dr.Tharp's blog post: Importance of Market Type Basically, my definition of a bull market is one that’s going up. A neutral (or sideways) market is one that moves...
Given that we are primarily focussed on trend-following, we built this indicator in a quest to assess the "quality" of a market. It was adapted primarily from methods that trading coach Dr. Van Tharp popularised, namely to do with his SQN. This indicator has 5 zones that act to classify the market: Strong Bull - Dark Green Bull - Green Neutral - Grey Bear -...