The "Session Levels Predictor" indicator predicts the maximum/minimum levels that will be made within a user-specified session. Hit rate percentages are displayed to measure how often a specific level has been hit. 🔶 USAGE The indicator can be used to estimate the expected maximum/minimum levels within a specified session, these are directly displayed at...
Hello traders! I am elated to introduce the "Supertrend Multiasset Correlation" , a groundbreaking fusion of the trusted Supertrend with multi-asset correlation insights. This approach offers traders a nuanced, multi-layered perspective of the market. The Underlying Concept: Ever pondered over the term Multiasset Correlation? In the intricate tapestry of...
The Predictive Channels indicator is a real-time estimate of a trend channel. The indicator returns 2 resistances, 2 supports, and an average line. 🔶 USAGE The Predictive Channels attempt to find a real-time estimate of an underlying linear trend in the price, the returned supports/resistances are constructed from this estimate. The area between the...
Advanced Donchian Channels displays future donchian channel values based on the current information on the chart. It displays a normal donchian channel at the specified user length with the future values extending from the current bar. Depending on the direction of price movement, these values do not repaint. It is known when it does and does not repaint, and the...
The Leavitt Convolution indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well known for creating the Volume-Weighted Average Price indicator. This indicator is very similar to my Leavitt Projection script and I forgot to mention that both of these indicators are actually predictive moving averages. The Leavitt...
Description: Originated by John F. Ehlers, could be found within (Rocket Science for Traders, pg. 212). Aim to provide a leading indicator (I assumed for the shorter time period), which smoothed the price with no lag. The indicator derives from 2 lines crossing i.e. a weighted moving average, of higher length as a predictor and shorter length as a trigger. ...
Bollinger Bands of different lengths are displayed with a line chart in front of the candle. A Bollinger band with a length of 20 and a Bollinger band with a length of 120 can be easily identified by the circle and color displayed whenever the line passes. In the input menu, you can edit the length and deviation of the Bollinger band, the number of candles to be...
The Optimum Predictor was created by John Ehlers (Rocket Science For Traders pgs 209-210) and this indicator does a pretty good job of predicting major market moves. When the blue line crosses over the red line then this indicator is predicting an upcoming uptrend and when the blue line crosses under the red line then it is predicting an upcoming downtrend. Ehlers...
The Voss Predictive Filter was created by John Ehlers (Stocks and Commodities August 2019) and this is a unique indicator in that it tries to predict future price action. I have color coded the middle line to show buy and sell signals so buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you want me to publish!
Level: 2 Background John F. Ehlers introuced Predictive Average in his "Rocket Science for Traders" chapter 20 on 2001. Function The concept of taking a difference of lagging line from the original function to produce a leading function suggests extending the concept to moving averages. There is no direct theory for this, but it seems to work pretty well. If...
I have been sitting on this for over a year, but I now present this "Voss Predictive Filter" multicator employing PSv4.0 upon initial release, originally formulated by the great and empowering Dr. John Ehlers for TASC - August 2019 Traders Tips. This is a slightly modified version of the original indicator John Ehlers designed. My improved implementation is an...
Just 2 Moving Averages with adjustable settings and shifting capability, plus signals and predicting continuations. At the time of publish these different types of MAs are supported: - SMA (Simple) - EMA (Exponential) - DEMA (Double Exponential) - TEMA (Triple Exponential) - RMA (Adjusted Exponential) - WMA (Weighted) - VWMA (Volume Weighted) - SWMA...
This is the optimized version of my MTFSBB indicator with capability of possible bands prediction in case of negative shifting (to the left). Make me happy by using it and sending me your ideas about the prediction.
The Predictive Moving Average was created by John Ehlers (Rocket Science For Traders pg 212) and this is one of his first leading indicators. I have been asked by many people for more leading indicators so this one is for you all! Buy when the indicator line is green and sell when it is red. Let me know if there are other indicators you would like to see me...
In general gaussian related indicators are built by using the gaussian function in one way or another, for example a gaussian filter is built by using a truncated gaussian function as filter kernel (kernel refer to the set weights) and has many great properties, note that i say truncated because the gaussian function is not supposed to be finite. In general the...
Today we'll link time series forecasting with signal processing in order to provide an original and funny trend forecasting method, the post share lot of information, if you just want to see how to use the indicator then go to the section "Using The Indicator". Time series forecasting is an area dealing with the prediction of future values of a series by using a...
Introduction I have already posted a classic indicator using recursion, it was the stochastic oscillator and recursion helped to get a more predictive and smooth result. Here i will do the same thing with the rsi oscillator but with a different approach. As reminder when using recursion you just use a fraction of the output of a function as input of the same...