LazyBear

Indicators: Time and Money Chart Channel & Demark Pressure Ratio

Time and Money Chart Channel
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TAM channels, introduced by Stuart Belknap, is part of his TAM charts setup.

These bands use SMA as the basis. 3 lines above and below paralleling the centerline (basis) represent one, two and three sigmas of the actual data points from the mean centerline.

More info:
http://www.traders.com/Documentation/FEE...

Stuart prefers display of volatility sigma and SMI ( Stoch Momentum) along with the price grid. I will post his entire setup in a followup post,

Tom Demark Pressure Ratio
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As explained by Tom Demark:
>>
>> TD Pressure is an indicator, shown as an oscillator, with more precision and consistency than
>> Money Flow and On-Balance Volume . It allows you to determine the critical buying and selling
>> levels so that you can enhance profitability with better trade location
>>

75 and 25 are the usual overbough/oversold levels.

More info:
ftp:// ftp .aspenres.com/documentation/ DeMark . pdf

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Frånsägelse av ansvar

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Vill du använda det här skriptet i ett diagram?
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note. 
//
study("Time and Money Chart Channel [LazyBear]", shorttitle="TAMC_LB",overlay=true)
length = input(41)
showPriceTracker=input(false, type=bool)
prev(s, x) =>
	y=abs(round(x))
	s[y]

halfLength = floor( length /2 )
basis = sma( close, length )
plot( basis, title="Minor term avg", color=maroon, style=3 )
yom = 100 * ( close - prev( basis, halfLength ))/prev( basis, halfLength )
avyom = sma( yom, 2 * length )
varyom = sma( yom * yom, 2 * length ) - avyom * avyom
som = prev( sqrt( varyom ), halfLength )
sigom = sma( som, length )

plot( basis * ( 1 + 0.01 * sigom ), title="Ch+1", color=red, trackprice=showPriceTracker )
plot( basis * ( 1 - 0.01 * sigom ), title="Ch-1", color=green, trackprice=showPriceTracker )
plot( basis * ( 1 + 0.02 * sigom ), title="Ch+2", color=red, trackprice=showPriceTracker )
plot( basis * ( 1 - 0.02 * sigom ), title="Ch-2", color=green, trackprice=showPriceTracker )
plot( basis * ( 1 + 0.03 * sigom ), title="Ch+3", color=red, trackprice=showPriceTracker )
plot( basis * ( 1 - 0.03 * sigom ), title="Ch-3", color=green, trackprice=showPriceTracker )