A Typical Price Drummond Line, with a Floor Pivot Open Signal Line.
The Three Day Average, is not offset. The crossing is significant in many strategies. The circle is an intraday crossing. The crosses are the signal openings. Caution: divergence can cause a false positive. This strategy is for Daily Bars Only!
Thanks.
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The Drummond is now offset one day, and the circles are now squares.
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Now in a window, instead of a overlay.
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Full Window with 'Fractal Wave' concepts...check this one out!
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Update Graphics!
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Fixed spelling errors.
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Update 'Offset" Bug!
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Format Update....
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Updated:
3 Bar Typical Price (Offset 1 Bar)
1 Bar Open Price
Crosses are Opening Crossings of Typical Price
Squares are Intraday Close over Typical Price
Line Graph is Close, with colors
Short, Medium, and Large Fractal Wave Moving Averages
Format is Price Action
Thanks
Release Notes
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Updated:
3 Bar Typical Price (Offset 2 Bar)
1 Bar Open Price
Crosses are Opening Crossings of Typical Price
Squares are Intraday Close over Typical Price
Line Graph is Close, with colors
Short, Medium, and Large Fractal Wave Moving Averages
Format is Price Action
Thanks
Release Notes
⋅
Updated:
3 Bar Typical Price (Offset 1 Bar)
1 Bar Open Price
Crosses are Opening Crossings of Typical Price
Squares are Intraday Close over Typical Price
Line Graph is Close, with colors
Short, Medium, and Large Fractal Wave Moving Averages
Format is Price Action
Thanks
Release Notes
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**The Update** Has weight, smoothing, and transform. The signals are more accurate. The setting shouldn't be changed. Trade it like a "Drummond Line," with opening psychology and closing violations. If the indicator shows bullish psychology but the price returns to the range, close the trade; it would demonstrate bar over bar divergence. I wouldn't release this version but my previous version was faulty. This 3.0 edition is years of research in the making.
Cross Symbols: Opening Sentiment Signals (Bullish or Bearish). Square Symbols: Pivot Crossings (Support or Resistance).
**Update **Imaginary crossover and crossunder...(reversed)
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**Crossing Updates
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**Exponential Streams** **User Friendly Color Changes** **Notice the closing price line averages above or below the opening averages**
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** Final Version with last GUI update**
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"Drummond" Update
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Remove Duplicates
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// a psychological sentiment indicator // Digital Signal Processing // For Crypto: Change the Precision in the gui menu //a new update with methods, extracted calls, and requested securities...I would confirm barstates but the menu would become too clustered. //this method of s-poles and z-poles lags through the s-poles but it is valid...I altered the technique to this application, //for a psychological indicator...the original MA filters in found in Rocket Science by Ehlers.
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fix typo release
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a new update with methods, extracted calls, confirm barstates (else all unconfirmed is blue color), and requested securities. //this method of s-poles and z-poles lags through the s-poles but it is valid...I altered the technique to this application, //for a psychological indicator...the original MA filters theory (not code) is found in Rocket Science by Ehlers.
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color glitch update...and type updates
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request security update
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whitespace update
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*more extracted calls*
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Crossing bug update and typo update.
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Whitespace update and colors update...plus forced indexes update.
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Updated "color blue" and added nz types.
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update data pane
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Newer: with tuples, labels, more inputs, new alias for concepts, priceline average, and so on.
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//15 April 2024 //updated indicator with udt, udt maps, and the ram pointers of udt objects. //inputs remained unchange because of series int and the simple int required from user inputs for the lengths. //the methods were moved into the udt maps, functions and all. //the request sources are in a map...'maps are the future' //the symbols are displayed with labels for 'plot' not plot to plot them, labels save ram...labels are considered better, //the changes are new: // a psychological sentiment indicator // Digital Signal Processing // For Crypto: Change the Precision in the gui menu
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//pulled the sources out of the map...the map had index errors.
Hey, I am interested in checking this approach out but not sure how to read the charts properly. Can you please define the + & the squares signals. Also, I see in your July 13 2022, release notes reference to ..."full window with 'Fractal Wave' concepts...check this one out!" - but I cant seem to find this anywhere. Any help much appreciated - Thanks!!
privatepizza111
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@bigbluecheese, the squares are pivot crossings (the typical price, or hlc3), is considered a pivot. the cross symbol, or plus sign, is the opening signal for bullish or bearish psychology...remember it is at opening so in hindsight the signal lags.
bigbluecheese
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@privatepizza111, thanks for this. Still trying to find ....."full window with 'Fractal Wave' concepts...check this one out!" - but I cant seem to find this anywhere. Any help much appreciated - Thanks!!