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In this thread I intend to post indicators I have developed. In most cases the indicator is designed primarily as a reusable component for compositing into more complex indicators, and the visible rendition exists mostly for testing and verification.
My design goals are to be as CPU efficient and memory compact as possible.
Should return the same values as the standard 'SUM', hopefully with less memory overhead. Intended to be used as a component in more complex indicators. Version 1.0.
Should return the same values as the standard EMA. Designed to be a reusable component with low memory overhead.
Version 2:
Further reduced memory footprint
Defaults to CalculateOnBarClose = false
Updated with new JHL.Utility.MA
Linear Regression Slope. Should return the same values as the standard LinRegSlope. However, the standard version iterates on every update, making it especially inefficient for intrabar (tick) data. This version does not iterate on intrabar updates. Version …
Linear Regression Intercept. Returns slightly different values than the standard LinRegIntercept provided, which I believe to be incorrect (at least through NT7 Beta 18). Also unlike the provided version does not require iteration on intrabar updates. …
Wikipedia calls this a 'Modified Moving Average'. Traders may know it as Welles Wilder's Moving Average, as it is the averaging method used in many of his indicators.
It's conceptually simpler than an EMA, the basic formula being:
average = (newValue …
