John Ehlers' Predictive Moving Average (PMA) from his book, 'Rocket Science for Traders' (p. 213). He provides a comprehensive description of it there.
Set Panel display to '1' to display it on the price chart.
Use: The signal and trigger crossovers indicate turning points.
Hey Elite Circle Members!.. I wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.
I've been working on a multi-timeframe momentum strategy focused on the ADXVMA for a few months now. It uses 4 Range bars for entries and 11 range bars for filters. No secrets, the code is below (keep it amongst the Elite brothers and sisters please).
VIP members only! Do NOT distribute this to anyone else!
This is an improvement over the OBV Diver previously released to VIP members. The new BMT Diver has a lot of additional options as you can see from the screen shots below. There are more too but I only wanted to take so many screen shots.
Let me also say it will not repaint unless the Plot Style is Line. Using Dot or Hash for plotstyle will prevent repainting (which by default is uses a Dot).
** DO NOT DISTRIBUTE **
Thanks to the VIP members for all their support!
This will show divergence with the following:
SMA, EMA, HMA, JMA, WMA, VMA, ZeroLagEMA, VWAP, CCI, RSX, R, RSI, Bollinger, MACD, Elliot, LinReg, and ADL.
The zero line is important. It is wise to only take longs above the Zero Line, and shorts below it. Please note, the Diamonds/Squares below are different than the OBV Diver indicator previously released, I swapped them around a bit.
Blue dot = no divergence, buy - take note of zero line
Red dot = no divergence, sell short - take note of zero line
Cyan diamond = divergence, buy with caution or look for failure then sell short
Magenta square = divergence, short with caution or look for failure then buy long
November 4th, 2010 05:12 PM Houston Jr Interesting chart you are working on...has potential, if Im not inputting my biases...added the MomStop V2 with momenty
March 17th, 2013 03:21 PM dnkhoward2 Thank you very much for this. I have been in search of something like this for a while. Works well with 4 & 6 range bars
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May 19th, 2012 10:59 PM marker
February 24th, 2012 04:51 PM pte97 Thanks, will try with HeikenAshi
January 5th, 2010 05:10 PM Zondor Looks very promising. It does seem to work on NT7. Thanks!