Welles Wilder’s Directional Movement Index (DMI), where :ĭMI is a collection of three separate indicators ( ADX, +DI, -DI ) combined into one and measures the trend’s strength as well as its direction.ĬDMI with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. Colored Directional Movement Index (CDMI), a custom interpretation of J. The AE green triangles are "Aggressive Filtered Entries"Īdded "Hull Moving Average" background. The FE green triangles are "Filtered Entries" At market tops there is no one panicking. Simple reason is when market falls retail traders panic and increase volatility, and professionals come in and capitalize on the situation. The VIX has always been much better at signaling bottoms than tops. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets. The Vix is one of the most reliable indicators in history for finding market bottoms. Have option to chose between 3 Hull variations.Īdded "Williams Vix Fix" signal. Hull is a extremely responsive and smooth moving average created by Alan Hull in 2005. When the ADX has a very large dispersion with respect to the momentum histogram, increase the scale number.Īdded "H (Hull Moving Average) Signal". The ADX line is white when it has a positive slope, otherwise it is gray. The higher the ADX value, the stronger the trend. Gray Background for Dark Mode - to make them more visually appealing.Īdded ADX (Average Directional Index) that measure a trend’s strength. Keltner Channel Calculation Type - Selects the type of moving average used to create the Keltner Channel.Ĭolor Format - you to choose one of 5 different color schemes.ĭraw Divergence - Self explanatory here, this will auto-draw divergence on the indicator. īollinger Bands Calculation Type - Selects the type of moving average used to create the Bollinger Bands. Length - This is the length of time used to calculate the Bollinger Bands and Keltner Channels. Squeeze Input - This is just the source for the Squeeze to use, default value is closing price. The orange dot Squeeze is the original from the first Squeeze indicator.Īnd finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression. The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings. The original squeeze indicator had only one Squeeze setting, though this new one has three. In this version, I've given the freedom to change this and try out different types of moving averages. Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC. This is interpreted as price is compressing and building up energy before releasing it and making a big move. What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). Webhook test into Discord i./0xb1ukc.The "Momentum" in this indicator is smoothed out using linear regression. It Is dedicated to Webhook for your various applications.Īpp Notification i./DYjtTal.png i./Sm0RpBr.png App, Pop-up, eMail, play sound and Send email to SMSĢ. Squeeze Off = Squeeze Release Long or Squeeze Release Long based off conditions.ġ. Taking the above information and what was in the script was able to base the alert conditions: Conversely, when the volatility declines, the distance also decreases, and in such cases, the squeeze is said to be released (indicator turns on, displayed with triangle up or triangle down shapes) When the volatility increases, so does the distance between the bands. The Squeeze Indicator finds sections of the Bollinger Bands which fall inside the Keltner's Channels, and in this case, the market is said to be in a squeeze (indicator turns off, displayed with grey diamond shapes in this study). The Squeeze Indicator measures the relationship between Bollinger Bands and Keltner's Channels to help identify consolidations and signal when prices are likely to break out (whether up or down).
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