ChrisMoody

Custom Code that Finds Market Tops!!!

FX:USOIL   CFDs on Crude Oil (WTI)
CM_Laguerre PPO PercentileRank - Markets Topping

Original Laguerre PPO code was Created by TheLark.

I found if I applied a Percent Rank of the PPO to view Extreme Moves in the PPO it was great at showing Market Tops.

Features via Inputs Tab:
Ability to set all PPO Indicator Values.
Ability to set Warning Threshold Line Value and Extreme Percentile Threshold Line Values.
Ability to turn On/Off Warning and Extreme Percentile Rank Lines.

***I’ve found this Indicator to be Valid…However, I have NOT Extensively tested the Settings. Initially setting the LookBack Period to 200 on A Daily chart with a 90 Extreme Percentile Rank Value works Good. Some charts changing the Lookback period to 50 an draisisng the Extreme Percentile Rank Line to 95 Works Great.

***To Be Blunt…When I look at the underlying Indicator…I don’t know why this Shows Us What It Does When the Percentile Rank Function is applied to it…But For Whatever Reason…It Just Works.

***If you Find Very Useful Settings Please Post Below

Other Indicators That Show Market Bottoms Well.

CM             ATR PERCENTILERANK - GREAT FOR SHOWING MARKET BOTTOMS!


GREAT CONFIRMING INDICATOR FOR THE WILLIAMS VIX             FIX


TWO TRADING SYSTEMS - BASED ON EXTREME MOVES!!!
I am confused... Where is the code? thanks...
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Under related ideas...click on Laguerre PPO Percentile Rank...The top one...that is the link to the actual code. Or you can always run a search in the top left search box under indicators if your on a chart.

A very useful video to watch is http://videos.tradingview.com/ Titled Importing Custom Indicators....It shows several different ways.
+2 Reply
IlyasShaikh ChrisMoody
hi Chris.. did you received my E-mail
+1 Reply
The worst is yet to come, or already behind us :P Look back period one decade using the Dow Jones Industrial Average:

Reply
Sorry if a stupid question, but you do post ideas twice right? One has the code available there, one does not - why so?
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