This is an FTLM digital filter with a smoothing algorithm, also it shows candle formations in the histogram. The candles help to spot turning points as they get squeezed.
This is an RSI with Dynamic zones with a Smoothing algorithm. It was translated from an MT4 indicator written and shared by Mladen, and now we can use it in Multicharts.
If you Download the Indicator and like please click on the thanks button.
If you have any questions you can go to my Trading journal.
Hello Traders, I plan on starting a trading journal here. I feel it will be good thing for my trading as it keeps you responsible and honest. And avoid doing crazy things that may or may not work.:crazy_pilot:
Here is the Velocity OrderFlow for Multicharts. It's meant to be used with Footprint charts.
It provides the bid volume, ask volume, delta, and duration of the bar in seconds.
If the duration of the bar is beneath a certain threshold it will plot an arrow over or under the bar
depending on if the signal is bearish or bullish. This is the Velocity arrow. I use Volume charts or contract charts. But it could be used with tick charts as well. I included an indicator called TaiChi it's a good indicator. It's a modified supertrend with no extremes just the middle line.
Test it out, I just coded it in a day so it could have some bugs.
Come discuss the Velocity OrderFlow Tools with me at my trading journal.
Hello Traders, I plan on starting a trading journal here. I feel it will be good thing for my trading as it keeps you responsible and honest. And avoid doing crazy things that may or may not work.:crazy_pilot:
This is a Grid trading algo that sets levels based on the tick size, grid step, and grid size. This algo may be profitable with different settings depending on the instrument. I have released it here so it can be tested, modified, or improved into something better. It's very simple the code is simple and clear. I also will include a Grid Levels indicator so you can see where the levels are at.
Come discuss the Grid Trader Algo with me at my trading journal.
Hello Traders, I plan on starting a trading journal here. I feel it will be good thing for my trading as it keeps you responsible and honest. And avoid doing crazy things that may or may not work.:crazy_pilot:
What follows is a function that normalizes an indicator value between a max and min value of +50/-50. This is a derivation of the normalization function as described in the section "Historical Adjustment to Improve Stationarity" within the book Statistically Sound Machine Learning for Algorithmic Trading of Financial Instruments by David Aronson and Timothy Masters.
The goal of normalization is to retain any predictive value of an indicator that gains its importance from its current value relative to recent values. This normalization process imparts stationarity on the indicator. From the text, "In most case, stationarity improves the accuracy of predictive models. (Recall that, roughly speaking, stationarity means that the statistical properties of an indicator do not change over time.)".
The attached function is in easylanguage syntax. It should be able to take any raw indicator value and normalize it by both centering and scaling it within a range of +50/-50.
Attached is a text file of the easy language code.
I hope you find this useful.
Updates:
08/15/2021 v001 - corrected the function name return value to the name of the text file
March 11th, 2021
Size: 4.74 KB
Downloaded: 60 times
2334
elitecamper
This indicator is the Kaufman Adaptive Moving Average, a/k/a KAMA, but which changes color when the indicator changes direction. This is a direct descendant of the Mov Avg Adaptive indicator that comes with MultiCharts.
I like single line indicators that change color when a trend changes, so this is my implementation of the KAMA with those attributes. The screenshot here is actually from TradeStation, but it looks and functions the same in MC.
Indicator Name: Mov Avg Adaptive Color Change Inputs: Same as a normal KAMA, plus:
UsePlotColoring >>> set to true for coloring; false to turn it off
UpTrendColor >>> self explanatory
DownTrendColor >>> self explanatory
Small Difference in Original Calculation:
I added the Round2Fraction function to the MAA calculation, to round to the nearest minimum move for the chart. This helps filter out minor fluctuations when the indicator is practically flat, that may show a change in trend that isn't there. I don't believe this fundamentally changes anything, from my observations.
Import the PLA and apply to a chart. You're all set!
I posted a TradeStation version in that section, as the syntax is slightly different.