After fiddling around for quite some time with it, here it comes:
CrosshairGauge adds horizontal lines to the crosshair to quickly see where stops and targets would be.
Distances and Plotting to bars back can be adjusted.
As I am by no means an advanced …
There are several other versions in the thread.
Changelog:
Changed the name to vvCrosshairGaugeWithPrice.
August 17 2012: v1.1
when applied to a chart it is hidden by default now.
if you use a Momentum study to identify swings, or start/end of a price move, you may like this one.
in KR_SMI, i try to improve the visulaization and signal of ToS's Stochastic Momentum Index
1. i didn't like that it uses double EMA, so i changed that into a single-time EMA.
2. K Period, d Period .. confusing.. in reality SMI tries to identify the recent movement compared to a longer-term price shift. so i changed that into Look_Back_Period and Length
3. Signal is generated thru a crossing with a slower/smoothed EMA of SMI line. in reality, we can see the change of SMI line trend using colors and get an earlier signal for swings or price move shifting direction (Green = momentum up, red = momentum down, Yellow = possible swing detected)
4. crossing the zero line means a lot (momentum reversing). this is ignored in original indicator. so we added a zero line. Overbought/oversold are at +/-50% by default - but you can change that
screenshot shows how this compares vs the classic SMI in ToS
Best used together with a trend following indicator for a confirmed entry/exit signals.
just realized all the indicators i posted are optimized for dark chart background color. they will look ugly on light-color charts. sorry for that.
beware of a bug in ToS, when you use Inertia or Hull smoothing with AddChartLabel, and you try to enter a lower smoothing value in study settings, the indicator calc behaves erratically. if that happens, remove/re-add the study to your chart. i just found out about that and will report it.
as usual, please do not share outside BMT.
All feedback welcome,
RedK
Here is a zip file with data recorded using GomRecorder. It is not 100% perfect as I run it on my single PC that I travel around if needed (without internet connection) but I thought at least something...
The data are from November 28, 2011 till July 23, 2012.
**Do not share, distribute, or modify the Gradient Color Bars Indicator or the idea for use outside the BMT Elite community or for commercial purposes**
Gradient Color Bars:
The concept of coloring bars is nothing new and everyone does it for certain filters. However, the idea for using gradient color bars to spot price divergence may not be new, but has gone un-noticed by many.
The fact that no one (I know, there will be some claims to the contrary) has been able to write a decent divergence indicator is because computers can only follow rules and limits. Human eye on the other hand can spot a bird in the sky whether it is 100 yards away or 99.99999 or 100.00001, regardless of the number of decimals (yes, provided the person is not blind).
So, it makes sense if one can spot divergence by subtle changes in the gradient coloring of the bars where a computer might miss because it was not instructed to “see.”
What I think is original about this indicator (for future claims) is applying the concept to a variety of conditions and filters to spot divergences (among other price behaviors) where the usual indicators and computers will miss most of the time.
This simple indicator has much potential. The current version is based on one filter. The goal is to bundle a number of filters and let the coloring be done based on the most relevant and promising filter. So, future versions will include other methods and filters for gradient color bars.
As with any indicator (Stoch, RSI, etc.), this filter cannot be used on its own alone. I am considering to use one version of this indicator for confirming price action and formations at different time frames as a trading tool.
This version includes candle outlines to better determine if a bar is an UP bar or a Down bar. The indicator is best viewed on a chart with Silver background.
Please refer to a thread with the same name for Color Gradient Divergence rules here:
I think instead of marking-up a chart, perhaps it is better to provide the rules for Gradient Divergence (GD) so that everyone can use (See attached screen shots for Reverse and Hidden Gradient Divergence). These simple rules please the eyes and …
Cheers!!
July 24 2012: New color options.
August 12 2012: Bugfix, Apparently a couple of members are having issues with the option for candle outline.
After fiddling around for quite some time with it, here it comes:
CrosshairGauge adds horizontal lines to the crosshair to quickly see where stops and targets would be.
Distances and Plotting to bars back can be adjusted.
Here is my big update of previously posted KR_Trender_v3 for ToS (aka, the Rainbow_Trender). My goal is to put together a trend detection indicator (based on multi-EMAs - the most basic and enduring concept), that makes it simpler to visualize good trends to ride, and more reliable to take positions, "add to position" in case of possible continuation, and exit if trend is found to be slowing down.
pls feel free to try with different instruments, timeframes, and provide feedback. (good & bad all welcome)...
So what represnts an ideal trend, when is a "Full Trend Alignment" detected?
this is based on the calculation of an average "score" of price relative to 3 EMA's of different lengths, and of these EMA's each to the next longer one. to explain in chart terms: a full up trend is detected when the price (P, i use HLC3 by default) moves and stays above EMA10, AND the EMA10 crosses above EMA20 AND EMA20 crosses above EMA40. otherway around for an established down trend. now I don't have to plot all these EMAs on my price charts . i can also add more weight to score of price action relative to fast EMA for reduced lag of signal
Note: the EMAs are hardcoded in the study. i set only one in the study settings, and then it takes half length of it as the faster EMA, and double length as the slower length .. i thought of making all 3 lengths adjustable from study settings, but preferred to keep this part simple. for bigger timeframe trend, i can set to 100, knowing it will take 50, 100 and 200 EMAs into the calc
Key changes for v4:
Simplify visulaization: removed vertical lines (found them nice but confusing), replaced with Chart Labels.
Better position decision making:
Added visual clue when a full trend alignment is detected (small green/red squares)
Chart Labels reflecting:
Trend Status Up, Down, or Retracing (Trend is slowing down or possibly reversing)
Strength of price move: Weak, Medium, and Strong
Position Recommendatoin: Long, Short, Break (this is where things get interesting. The position recommendation is made more strict. KR_Trender will only give a go "Long" or "Short" if a full trend alignment is detected (the Green/Red small squares) AND the move is sustained or getting stronger (in either directions up or down). otherwise, the recommendation is a "Break !" which means i should close the position, or add to it if other PA analysis tells me there's a chance of trend continuation.
Other changes:
exposed settings for desired Trend Level. i would keep it between 30 & 40, but you can try different values. also we still have an optional weight for score of fast price action relative to the 3 EMA's
Please do not share outside of BMT.. feel free to send me any feedback if you find this helpful in capturing trends (or not, or if you think i should simplify or add something i missed)
With lots of help from ktrader I was able to put together an indicator that can modify the appearance of NT windows. I always wished to just hide the titlebar or the whole window frame for that matter, but i was always convinced that it was impossible....not …
Changelog
Changed name to vvHideTitleBarSingleChart.
14 Sept 2012
Fixed issue where reloading charts or reconnecting applied the original style
Added hotkey Alt+B to switch between Standard and user selected style
This indicator normalizes price-delta and delta using a moving average and standard deviations. These normalized outputs are plotted on the same indicator panel, as well as the difference between the two. Please read this post for more details:
It colors the region between two T3 moving averages. They are not Fulks-Matulich moving averages. I think it makes more sense to say that they are T3 moving averages calculated by a method developed by Fulks and Matulich.
I saw possibilities for improvement so took the liberty of revising it. This version will have a drastically lower usage of CPU cycles than the version that I found in the pot luck thread.
September 16th, 2015 05:03 AM vchase Great idea! Thank you for sharing this. Might also be an idea to use sound as well?
July 17th, 2015 12:12 AM Portland
December 23rd, 2013 08:22 PM trvlntrdr a brilliant idea!
October 1st, 2013 02:16 PM ghman101 Liking it with my CL trading! Thanks SO much and for helping me find the correct version and outline feature. Will :
October 13th, 2012 05:21 AM tony2604 Thanks for sharing. Very useful. Question please: when I swith back with alt-space-w the window is bigger always for hei
ght of title bar. Cant grab charts that are at bottom of screen then to resize. Any hint? Thanks
January 15th, 2013 12:12 AM jpstyles2002 Looks great and am excited to get it set up in my TOS charts...Just one problem for me though...not usre how to import t
his into my TOS charts as an indicaotr, can you give me some guidence as to how to import this indicator? My thank in ad