IvanLabrie

POC bands 2.0 and other assorted goodies

I updated my old indicator that plotted a Kalman filter avg. of the bars inside a higher timeframe bar, to attempt to find the most frequent price in that bar's timespan.
It ended up being somewhat close, but not exact, but the result is that you get a pseudo-vwap without a need for volume data, that isn't cumulative and can indicate trend direction, or if the market's ranging.
This is very powerful information!

I highlight a trade setup we get here, derived from observing the indicator's slope and knowing how to read price action, assisted by rgmov and cci readings.
To get the code for the other indicator's you will have to click on share, and then on 'Make it mine' so you get the whole layout.

Good luck and hope you find these of use.
Cheers,

Ivan.
Comment:
snapshot


A few uses...
Remove from Favorite Scripts Add to Favorite Scripts
study(title = "POC bands 2.0", shorttitle="POCB", overlay=true)
resCustom = input(title="Timeframe", type=resolution, defval="240")
Length = input(6, minval=1)
xPrice = security(tickerid, resCustom, hlc3)
xvnoise = abs(xPrice - xPrice[1])
nfastend = 0.666
nslowend = 0.0645
nsignal = abs(xPrice - xPrice[Length])
nnoise = sum(xvnoise, Length)
nefratio = iff(nnoise != 0, nsignal / nnoise, 0)
nsmooth = pow(nefratio * (nfastend - nslowend) + nslowend, 2) 
nAMA = nz(nAMA[1]) + nsmooth * (xPrice - nz(nAMA[1]))
basis = nAMA
atr = ema(tr,11)
upper = basis[3] + (atr*3)
lower = basis[3] - (atr*3)

plot(basis, color=blue)
plot(upper, color=blue)
plot(lower, color=blue)
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
IvanLabrie PRO
a year ago
CCI OB and OS signals
http://pastebin.com/iRDjhpub

POC ma slope
http://pastebin.com/B0b4X0EA

R.E.Signal V3.1
http://pastebin.com/RP09ffVT
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out