LazyBear

Insync Index [LazyBear]

BB Support + Histo mode
-------------------------------
Code: http://pastebin.com/4QKdCEs7

Show enclosing BB

Show Insync as Histo:


v02 - Configurable levels
---------------------------------

Small update to allow configuring the 95/75/25/5 levels.

Latest source code: http://pastebin.com/fZ4PmemR

v01 - orginal description
---------------------------------

Insync Index, by Norm North, is a consensus indicator. It uses RSI , MACD , MFI , DPO , ROC , Stoch , CCI and %B to calculate a composite signal. Basically, this index shows that when a majority of underlying indicators is in sync, a turning point is near.

There are couple of ways to use this indicator.
- Buy when crossing up 5, sell when crossing down 95.
- Market is typically bullish when index is above 50, bearish when below 50. This can be a great confirmation signal for price action + trend lines .

Also, since this is typical oscillator, look for divergences between price and index.

Levels 75/25 are early warning levels. Note that, index > 75 (and less than 95) should be considered very bullish and index below 25 (but above 5) as very bearish . Levels 95/5 are equivalent to traditional OB/OS levels.

The various values of the underlying components can be tuned via options page. I have also provided an option to color bars based on the index value.

More info: The Insync Index by Norm North, TASC Jan 1995
https://drive.google.com/file/d/0Bx48Du_...

List of my free indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970
(Support doc: http://bit.ly/lazybeardoc)
Remove from Favorite Scripts Add to Favorite Scripts
//
// @author LazyBear 
// List of all my indicators: http://bit.ly/1LQaPK8
// 
study(title = "Insync Index [LazyBear]", shorttitle="II_LB")
src=close
div = input(10000, title="EMO Divisor", minval=1)
emoLength = input(14, minval=1, title="EMO length")
fastLength = input(12, minval=1, title="MACD Fast EMA Length")
slowLength=input(26,minval=1, title="MACD Slow EMA Length")
signalLength=input(9,minval=1, title="MACD Signal Length")
mfiLength = input(20, minval=1, title="MFI Length")

calc_emo() => sma(div * change(hl2) * (high - low) / volume, emoLength)
calc_macd(source) =>
    fastMA = ema(source, fastLength)
    slowMA = ema(source, slowLength)
    fastMA - slowMA

calc_mfi(length) => 
    src = hlc3
    upper = sum(volume * (change(src) <= 0 ? 0 : src), length)
    lower = sum(volume * (change(src) >= 0 ? 0 : src), length)
    mf = rsi(upper, lower)
    mf

calc_dpo(period_) =>  
    isCentered = false
    barsback = period_/2 + 1
    ma = sma(close, period_)
    dpo = isCentered ? close[barsback] - ma : close - ma[barsback]
    dpo

calc_roc(source, length) =>
    roc = 100 * (source - source[length])/source[length]
    roc

calc_stochD(length, smoothD, smoothK) =>
    k = sma(stoch(close, high, low, length), smoothK)
    d = sma(k, smoothD)
    d

calc_stochK(length, smoothD, smoothK) =>
    k = sma(stoch(close, high, low, length), smoothK)
    //d = sma(k, smoothD)
    k

lengthBB=input(20, title="BB Length"), multBB=input(2.0, title="BB Multiplier")    
lengthCCI=input(14, title="CCI Length")
dpoLength=input(18, title="DPO Length")
lengthROC=input(10, title="ROC Length")
lengthRSI=input(14, title="RSI Length")
lengthStoch=input(14, title="Stoch Length"),lengthD=input(3, title="Stoch D Length"), lengthK=input(1, title="Stoch K Length")
lengthSMA=input(10, title="MA Length")

bolinslb=sma( src,lengthBB ) - multBB * ( stdev( src,lengthBB ) )
bolinsub=sma( src,lengthBB ) + multBB * ( stdev( src,lengthBB ) )
bolins2= (src- bolinslb ) / ( bolinsub - bolinslb )
bolinsll=( bolins2 < 0.05 ? -5 : ( bolins2 > 0.95 ? 5 : 0 ) )
cciins= ( cci(src, lengthCCI) > 100 ? 5 :  ( cci(src, lengthCCI ) < -100 ? -5 : 0 ) )
emvins2= calc_emo() - sma( calc_emo(),lengthSMA)
emvinsb= ( emvins2 < 0 ? ( sma( calc_emo() ,lengthSMA ) < 0 ? -5 : 0 ) : 0 )
emvinss= ( emvins2 > 0 ? ( sma( calc_emo() ,lengthSMA ) > 0 ? 5  : 0 ) : 0 )
macdins2= calc_macd( src) - sma( calc_macd( src) ,lengthSMA )
macdinsb= ( macdins2 < 0 ? ( sma( calc_macd( src),lengthSMA ) < 0 ? -5 : 0 ) : 0 )
macdinss=( macdins2 > 0 ? ( sma( calc_macd( src),lengthSMA) > 0 ? 5 : 0 ) : 0 )
mfiins=( calc_mfi( mfiLength ) > 80 ? 5 : ( calc_mfi( mfiLength ) < 20 ? -5 : 0 ) )
pdoins2=calc_dpo( dpoLength ) - sma( calc_dpo( dpoLength ),lengthSMA )
pdoinsb=( pdoins2 < 0 ? ( sma( calc_dpo( dpoLength ),lengthSMA) < 0 ? -5 : 0 ) :0 )
pdoinss=( pdoins2 > 0 ? ( sma( calc_dpo( dpoLength ),lengthSMA) > 0 ? 5 : 0 ) :0 )
rocins2=calc_roc( src,lengthROC  ) - sma( calc_roc( src,lengthROC ),lengthSMA  )
rocinsb=( rocins2 < 0 ? ( sma( calc_roc( src,lengthROC ),lengthSMA  ) < 0 ? -5 : 0 ) : 0 )
rocinss = ( rocins2 > 0 ? ( sma( calc_roc( src,lengthROC ),lengthSMA ) > 0 ? 5 : 0 ) : 0 )
rsiins= ( rsi(src, lengthRSI ) > 70 ? 5  : ( rsi(src, lengthRSI )  < 30 ? -5 : 0 ) )

stopdins=( calc_stochD(lengthStoch,lengthD,lengthK ) > 80 ? 5 : ( calc_stochD(lengthStoch,lengthD, lengthK ) < 20 ? -5 : 0 ) )
stopkins=( calc_stochK(lengthStoch,lengthD,lengthK) > 80 ? 5 : ( calc_stochK(lengthStoch,lengthD, lengthK ) < 20 ? -5 : 0 ) )

iidx = 50 + cciins + bolinsll + rsiins + stopkins + stopdins + mfiins + emvinsb + emvinss + rocinss + rocinsb + nz(pdoinss[10]) + nz(pdoinsb [10]) + macdinss + macdinsb
ml=plot(50, color=gray, title="Line50")
ll=plot(5, color= green, title="Line5")
ul=plot(95, color = red, title="Line95")

plot(25, color= green, style=3, title="Line25")
plot(75, color = red, style=3, title="Line75")

fill(ml, ll, color=red)
fill(ml, ul, color=green)

il=plot(iidx, color=maroon, linewidth=2, title="InsyncIndex")
fill(ml,il,black)

bc = iidx >= 50 ? (iidx >= 95 ? #336600 : iidx >= 75 ? #33CC00 : #00FF00) : 
    (iidx <= 5 ? #990000 : iidx <= 25? #CC3300 :  #CC9900)

ebc = input(false, title="Enable Barcolors")
barcolor(ebc?bc:na)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Comments

Thank you LazyBear ! Would it be possible to allow the thresholds to be user defined? 95/5 is a little restrictive for me; I might prefer 90/10 for OB/OS.
Tried to change the code, but didn't work for me......
Thanks for your ideas!
+1 Reply
LazyBear TonyCampbell
Hi Tony

Here's the updated source code: http://pastebin.com/fZ4PmemR

This allows configuring Line95/75/25/5.

Thanks
Reply
Hello LazyBear

I get some kind of error message when I try to paste this into PineScript that says "mis-matched characters."

Thanks for your help.
Reply
LazyBear TonyCampbell
Try copy/pasting from the RAW section (if u scroll down on that pastebin link, u will see a text box with the contents. That is the RAW section).
Reply
Hi Lazybear. The horizontal dotted s&l lines in the price chart...are they your own manual ones? The indicator doesn't do that?
+1 Reply
johnrfraser johnrfraser
* buy/sell lines
Reply
LazyBear johnrfraser
They are support/resistance lines and are drawn automatically by a different indicator - RSI S/R Levels (details: http://blog.tradingview.com/?p=970).
+1 Reply
johnrfraser LazyBear
Thanks a lot Lazybear. This is very cool.
So it is proprietary and therefore needs to be bought?
Does the subscription include other proprietary indicators?
What distinguishes the free ones from the coveted 'for sale' ones?
+2 Reply
johnrfraser LazyBear
Sorry, just saw link up the top.
Is there a possible trial period?
Do you need a Pro account to run these mtf indicators?
Reply
LazyBear johnrfraser
You do not need PRO for using these indicators.

Currently there is no provision to do "trial" for appstore indicators (one of the features we have requested to TV).

BTW, the documentation for these indicators are @ http://bit.ly/lazybeardoc That should give a good idea about the indicators/features included.
+1 Reply
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