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Akiri,
the blau candlestick oscillator is an esignal efs, but didn't update properly, I have posted one that does update properly and it's called BCO.efs and is among the screenshots.
I like using two together with settings around the (17,5) and (32,5) areas, but one can tweak them to their taste.
I've coded a bunch of indicators, but keep going back to things like stochastic and macd which still work very well. I've become a big fan of regression channels (which you can see from my posted charts)....and they are the missing link for me, since I use indicators to enter, but had too many false signals.....now with the regression channels, I enter on divergences when price is at the outer tines of the regression channels....which is giving me fewer trades, but with higher probabilities.
Lately I've been playing with multiple Stochastic settings and how they relate to each other vs price, and have been finding it very useful. An example from todays trading:
Something else I use is Renko Charts.....what appeals to me is that it deals with price ONLY (not time), and although many signals are muddied by the recent chop, I use it to buttress the signals on my candle charts....or, at times, when the candle charts are muddied by chop, I just trade off the renko charts:
I've also posted the renko ach (and associated efs files) for anyone that may be curious. By the way, WOMO is a simple indicator that is the open minus the close divided by a smoothing factor:
vValue = getValue("Close", 0, -nLength);
vValue2 = getValue("Open", 0, -nLength);
for(i = 0; i < nLength; i++) {
vSum2 += vValue[i] - vValue2[i];;
}
var vfirst = vSum2 / nLength;
The study "RENKO CHANGE" is just an indicator that places a red or green arrow inside the last renko box when the chart is updated sot that I can see how many boxes were printed during the update.
Cheers.
the blau candlestick oscillator is an esignal efs, but didn't update properly, I have posted one that does update properly and it's called BCO.efs and is among the screenshots.
I like using two together with settings around the (17,5) and (32,5) areas, but one can tweak them to their taste.
I've coded a bunch of indicators, but keep going back to things like stochastic and macd which still work very well. I've become a big fan of regression channels (which you can see from my posted charts)....and they are the missing link for me, since I use indicators to enter, but had too many false signals.....now with the regression channels, I enter on divergences when price is at the outer tines of the regression channels....which is giving me fewer trades, but with higher probabilities.
Lately I've been playing with multiple Stochastic settings and how they relate to each other vs price, and have been finding it very useful. An example from todays trading:
Something else I use is Renko Charts.....what appeals to me is that it deals with price ONLY (not time), and although many signals are muddied by the recent chop, I use it to buttress the signals on my candle charts....or, at times, when the candle charts are muddied by chop, I just trade off the renko charts:
I've also posted the renko ach (and associated efs files) for anyone that may be curious. By the way, WOMO is a simple indicator that is the open minus the close divided by a smoothing factor:
vValue = getValue("Close", 0, -nLength);
vValue2 = getValue("Open", 0, -nLength);
for(i = 0; i < nLength; i++) {
vSum2 += vValue[i] - vValue2[i];;
}
var vfirst = vSum2 / nLength;
The study "RENKO CHANGE" is just an indicator that places a red or green arrow inside the last renko box when the chart is updated sot that I can see how many boxes were printed during the update.
Cheers.
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