Different with 80 - 20 lines to help catch bottoms on multi time frames. The default was 70 - 30. Changed it to be more artistic the current RSI and 1 day are red the rest are white.
with the best settings - this indicator is a better version of the bollinger bands, because it uses a linear regression .
Use this carefully and with other indicators.
When running MACD, it can be useful to compare the value of the MA difference to other values. In other words, is a particular stock or futures contract at a more extreme MACD value than another. This can be done by dividing by the price, however, that doesn't adjust for volatility differences. Using ATR, one can adjust for price and volatility at the same...
For private peeps only
- Takes a modified version of the CCI formula into 2 parts
VCI - Volume Channel Index (Yellow Histogram)
- Measures accurate accumulation and distribution levels and times
MCI - Modified Channel Index
- Measures (when compared to VCI) levels where clearly buys are interested vs not interested.
Example:
If VCI > MCI
- Shows buyer's are...
Developed for one of my followers.
The basic idea is that the buy signal is generated by stoch and bb.
However, If price hits the upper line or trend return crossing under midline, the strategy closes the position.
I compared custom median (using the sorting solution by @apozdnyakov) with built-in median (using percentile_nearest_rank function)
If you see the zero line this means the solutions give the same results.
The best results was achieved on the odd lengths.
Conclusions:
1) Do not try to reinvent the wheel.
2) Always check the Pine Script docs to find already...
Phase Change Index script.
This indicator was developed and described by M. H. Pee (Stocks & Commodities V.22:5 (28-37): Phase Change Index).
Other indicators of M. H. Pee:
Ehlers Smoothed Adaptive Momentum script.
This indicator was developed and described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures" (2004, Chapter 12: Adapting to the Trend).
Chande Momentum Oscillator script.
This indicator was developed and described by Tushar S. Chande and Stanley Kroll in their book "The New Technical Trader" (1994, Chapter 5: New Momentum Oscillators).
![USDJPY: [RESEARCH] Custom Median vs Built-in Median](https://s3.tradingview.com/y/yjQx0BVg_mid.png "[RESEARCH] Custom Median vs Built-in Median")
