Support and Resistance Levels augmanted and reprocessed
This is an augmented version of my earlier script that can be found here:
This time it features zigzag and channel lines, signal generation and filtering and performance testing. Signal generation and filtering...
Generates a long entry signal when the Average Directional Index (ADX) value is greater than the trendlevel and the close is greater than the filter value, and/or generates a short entry signal when the ADX value is greater than the trendlevel and the close is less than the filter value.
The Average Directional Index evaluates the...
This is a version 3 of my mod of the script by alexgrover - Efficient Trend Step.
The logic is based on calculation of Kaufman's efficiency ratio (ER):
ER = Direction / Volatility
Direction = ABS (Close – Close )
Volatility = n ∑(ABS(Close – Close ))
n = The efficiency ratio period.
This version features volatility and volume filter and custom...
Coppock Curve Strategy
The Coppock Indicator is a long-term price momentum oscillator which is used primarily to pinpoint major bottoms in the stock market. Crosses above the zero line indicate buying pressure, crosses below the center (zero) line indicate selling pressure.
This script generates a long entry signal when the Coppock value crosses...
Polarized Fractal Efficiency
Technically, Polarized Fractal Efficiency (PFE) is a measure of market choppiness. It is an indicator derived from fractal geometry, the mathematics that describes chaotic systems.
This technical indicator was developed by Hans Hannula to determine price efficiency over a user-defined period. This indicator fluctuates...