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FullMoonFever

6,158 Posts.

2617

13/01/19

18:53

Post #: 37101686
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Originally posted by Rooster100: ↑

Thanks mate- I've enjoyed going through some of your charts and seeing your use of a few indicators I haven't tried before. The Linear Regression oscillator looks good- who's is that? You seem to have a similar approach to me with the indicators- looking for triggers and confirmation through signal unison etc. Most of my learning time is aimed at earning a black belt in Wyckoff/VSA, but I'm working through lots of combinations of indicators to use as automatic alerts for my watchlist to help save time etc.

My chart and indicators are all my own coding concoctions but yes I've pinched code from Lazy Bear, Madrid, Ricardo Santos, Chris Moody, Rafael Zioni and a bunch of others on Trading View, which as you know has a smorgasbord of great indicators and authors.

My "Power Grid Volume" indicator is coloured to reflect momentum strength in 5 levels- dark green = strongest positive, light green for relatively strong positive, grey for neutral, orange for relatively strong negative and red for strongest negative. I pinched the idea from the Hawkeye volume indicator but it is calculated very differently- it uses 5 different volume and price momentum indicators and will return a dark green result for example when all 5 are positive, light green if one indicator disagrees and so on. The underlying indicators are Twiggs Money Flow, Bull Bear Power, Volume Accumulation Percentage, RSI and Weiss Wave Volume. I know right, this is a weird way to do it but I've found this to be a very strong indicator for both leading and confirmation signals and better than Hawkeye and the Better Volume indicator! (Yesterdays was grey for neutral and today orange so far which I think accurately reflects the balance between bulls and bears at the moment).

The "heat map" shows trend direction for Immediate, Minor and Major Trend based on Hull moving averages (10, 45 and 100 day), while the multi-colour band at the top of the heat map and repeated on the volume indicator is trend "strength" based on ADX and coloured in 5 stages like the volume indicator.

Look forward to seeing more of your charts!

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Hey Rooster,

Awesome you can code your own stuff & interesting combinations as you say but they way I look at it, similar to you, is if the indicator & data drawing from provide the correlations you look for then why not test it. Do like HA candles I must say, to filter out some noise.

Great work on creating those indicators and working for you. Pretty cool stuff.

I should maybe try spend some time playing with Pine.

Yes, heaps of good Authors on TV (esp the ones you mentioned) hence I borrow indicators I find interesting, appear to give some correlations to the price movement and play with the settings to test.

That Linear Reg one is [NM]Improved Linear Regression Bull and Bear Power v02 by Nico Muselle,

VSA / VPA - a lot of work in that and tried to get motivated to study it but life got in the way so indicators it is haha.

Though you prob have a ton of ref material, here is a couple of posts I did late last year you might find some stuff in.

https://hotcopper.com.au/posts/36286075/single

https://hotcopper.com.au/posts/36286145/single

Update to that Fib chart from the other day. Have a good week.

MSB Price at posting: $1.34 Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

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