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LazyBear Wizard

Added coloring of LB bars above/below Keltner Channel (as suggested by user @20813 below in the comments). Updated code: pastebin.com See comments section below for a sample chart. Copy the code from the pastebin above and update your local copy (TV doesn't allow me to update an already published code -- yet!). Added features: - Switch ON/OFF KC - Mark...

LazyBear Wizard

Price-Volume Rank, designed by Anthony J. Macek, compares the direction of the change in price (up or down) to the direction of the change in volume and assigns a number to that specific relationship. By quantifying price/volume interaction, P-V rank seeks to determine our position within a typical market cycle. The various modes shown on the chart above or...

LazyBear Wizard

The Volatility Switch (VOLSWITCH) indicator, by Ron McEwan, estimates current volatility in respect to historical data, thus indicating whether the market is trending or in mean reversion mode. Range is normalized to 0 - 1. When Volatility Switch rises above the 0.5 level, volatility in the market is increasing, thus the price action can be expected to become...

LazyBear Wizard

This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars. When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :) Complete list of all my indicators:...

LazyBear Wizard

This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :) Supported modes: - Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend. - Ribbon Mode: Shown at the bottom pane. No trend lines are drawn. - OverlayMode: Bars are colored based on the...

LazyBear Wizard

Anchored Momentum (AMOM), by Rudy Stefenel, is a modified momentum indicator to capture the relative momentum. AMOM uses SMA as the reference for deriving momentum, thereby anchoring it to that MA rather than "value of close n bars back". Mr.Stefenel suggests using this like other oscillators -- crossing signal line, crossing zero, divergences. For alerts, use...

LazyBear Wizard

Market Direction Indicator (MDI), by Donald Lambert, is an extension of simple moving average cross over systems. Series of price cross over points are determined to derive MDI. Note that the short/long lengths will differ between instruments. They need to be tuned properly. I have added an option to specify a "cutoff" parameter. When MDI is in the cutoff zone...

LazyBear Wizard

VMA Bands are ATR bands with VMA as its centre. For a description of options, refer to my VMA post: I have moved VMA calculation in to a separate function. Feel free to use calc_vma() in your scripts. For more MA calculation function (KAMA, VIDYA and others), refer to my complete list of indicators below. Wish you all a very prosperous New year. Hope these...

LazyBear Wizard

Variable Moving Average, often abbreviated as VMA, is an Exponential Moving Average developed by Tushar S. Chande. VMA automatically adjusts its smoothing constant on the basis of Market Volatility. Use this like other Moving Averages. I have added the following options that can be enabled via options page: - Trend Direction Indication: Green = Up trend, Blue =...

LazyBear Wizard

Universal Oscillator by Mr. Ehlers is an evolution of his SuperSmoother filter. The new indicator follows the swings in price without introducing extra delay. It is controlled through one single input – the band edge – which basically is frequency. The smaller it is set, the less lag there is, but you may see lot of whipsaws. Built-in automatic gain control...

LazyBear Wizard

HACOLT (Heikin Ashi Candles Oscillator Long Term) is a technical indicator designed by Sylvain Vervoort. It is based on Mr.Vervoort's other indicator, HACO (Heikin-Ashi Candles Oscillator - posted here: ). Optimized for long-term trading, HACOLT shows three levels: -1, 0 and 1. These levels suggest "an open short position", "no open position", and "an open long...

LazyBear Wizard

Heiken-Ashi Candlestick Oscillator (HACO), by Sylvian Vervoort, is a digital oscillator version of the colored candlesticks. Explanation from Vervoort: "HACO is not meant to be an automatic trading system, so when there is a buy or sell signal from HACO, make sure it is confirmed by other TA techniques. HACO will certainly aid in signaling buy/sell...

LazyBear Wizard

This is a no-volume version of Vervoort's SVAPO. The original version is @ Since it doesn't include volume in its calculations, you can use this on FX. More info on SVAPO: More info: stocata.org stocata.org BTW, this is my 150th script. Plenty more to come, my to-publish queue is still full of new stuff :) For a complete list of my other indicators, do...

LazyBear Wizard

This is a port of a famous MT4 indicator, as requested by user @maximus71. This indicator uses MACD/BB to track trend direction and strength. Author suggests using this indicator on 30mins. Explanation from the indicator developer: "Various components of the indicator are: Dead Zone Line: Works as a filter for weak signals. Do not trade when the red or green...

LazyBear Wizard

Market temperature, introduced by Dr.Alexander Elder, helps differentiate between sleepy, quiet and hot market periods. Following is Mr.Elder's explanation on how to use this indicator (from his book "Come in to my Trading Room"): "When markets are quiet, the adjacent bars tend to overlap. The consensus of value is well established, and the crowd does little...

LazyBear Wizard

This is Mr. Vervoort's take on volatility bands. Sticking to his style, he uses highly smoothed data everywhere, also improves on the way the bands are calculated. Is this better than others? I will let you guys decide :) More info: www.traders.com List of my other indicators: - Chart: - GDoc: docs.google.com

LazyBear Wizard

Short-term Volume and Price Oscillator (SVAPO), developed by Sylvian Vervroot, combines both Price and Volume to construct an oscillator. In essence, when the price is trending up and volume is increasing, volume is added into the oscillator calculation. Conversely, when price is trending down and volume is increasing, volume will be subtracted from the...

LazyBear Wizard

Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD. First...