July 7th, 2010
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541
Jeff Castille
New V1.2 VERY IMPORTANT FIX
Includes:
* 6 levels of gradient stops, so you can set your gradient coloring to anything you want.
* 2 new functions in the 'Addons' folder that you can use in your own indicators to help make linear gradients easy.
* Simple toggle to reverse coloring without having to enter all new brushes again.
* RSI, CCI, Stochastics and Double Stochastics.
Update: Dec 2015
* Added ability to not plot the indicator in the lower panel, just paintbars or background. Make sure you place the indicator in the 1st panel. The plots/price marker should automatically become transparent.
Update: Jan 2016
* VERY IMPORTANT FIX. Made gradient "Get Color" more efficient. Was making new LG every bar. Now it instantiates once.
* Added Stochastics and Double Stochastics.
* Added an average line if required.
December 1st, 2015
Size: 23.54 KB
Downloaded: 641 times
1691
Sim22
See the discussion here. (Note this thread goes back to an earlier time and the template has evolved slightly... for instance the 540BB is white since I use a black background; but these changes are minor and you can get the idea from them).
There is no version number as this is a comilation of all the custom indicators used in this template. It is what I use as of the date of this submission.
This is version 2 of my study.
I added a cloud on the moving averages. Visualization is key for me.
This study creates a representation of the NYSE TICK.
The 3 rows of squares across the top change colors as the tick goes above 100, 200, and 300: or below -100, -200, and -300. The colors are either bullish or bearish colors (self explanatory).
The zero line will change colors bullish or bearish based on breadth ratio.
The squares at the bottom will turn bullish or bearish colors if the breadth goes positive and tick is above 200 or breadth goes negative and tick is below -200.
The image is on a 1 min chart and I use it to fine tune entries.
It is useful for other time periods.
It is useful with a MACD or CCI. Any other study for trend following.
I use this with a cumulative tick indicator like Bru_Cumulative and it really helps light the way.
It is an RSI oscillator with a smoothing moving average. Four zones are drawn with user selectable colors and opacity. The zone sizes are also user defined.
This will give you a quick visual idea on the location of the RSI, among other things.
It can be combined with other indicators, such Stochastics and CCI, by using Transparent colors for the built in RSI indicator.
The Trend Magic indicator is an ATR-based trend line that uses CCI to control its upward and downward movement. It was once a popular indicator in the Forex trading world. When the CCI is greater than zero the line is only able to move upwards, and conversely, when the CCI is less than or equal to zero the line is only able to move downwards.
By default the line is colored based on the last direction it has moved. Enabling the CCI color mode will color the line based on if the CCI value is above or below zero.
This is the popular Woodies CCI indicator, which was made popular by ken wood (25+ years trading experience) founder of the Woodie CCI club which is a large community of traders. There's actually a full system behind this indicator which I have personal never tried but a Google search will present a lot of information on the topic.
This indicator is just a modified version of the original CCI indicator. The CCI itself is a momentum indicator. Such indicators all work in the same basic fashion - plot the difference between a "fast" measure of price and a "slow" measure. In the case of the CCI, the "fast" measure is the price itself, and the "slow" measure is a moving average. Thus when we look at the CCI, what we are actually seeing is a measurement of the deviation of price from its moving average, normalised to fit on a scale of roughly -200 to +200.
Typically, traders of Woodies system trade very short timescales - 3 or 5 minute charts being common. I do NOT trade the Woodies system so I personal can't comment on it.
June 24th, 2015 05:50 AM sam8 Thanks I love it. It helped me out today already
May 28th, 2012 09:10 PM caryn23
August 8th, 2011 11:21 PM leon3456 Very usefull indicator, thanks for sharing
March 8th, 2011 08:21 PM jwhtrades I love this indicator. Would like more info on the color variants. I'm using with PPO and find it a great help. Is th
ere any additional info on it's derivation? Great job!
August 30th, 2010 05:21 AM Trendseek Works also with NT7
Nice Indicator - but the mathematics is a little bit tricky to understand!