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Average True Range Channels are calculated by adding and subtracting a weighted Average True Range to a Moving Average usually simple.
When the ATR is added it produces the Upper Band.
When subtracted the Lower Band.
In this case there are 3 sets of channels each with an upper and lower band.
Wilder’s Smoothing AKA Smoothed Moving Average
The first value is a simple moving average and all subsequent values are
calculated based on the previous value according to the following formula:
SUM(1) = SUM(CLOSE, N)
WSMA(1) = Simple MA = SUM(1)/N - Wilder’s Smoothing for the first period.
WSMA(i) = (SUM(i - 1) - WSMA(i - 1) + CLOSE(i)) / N
This indicator uses a weighted sum of: single EMA, double EMA, triple EMA etc. For this reason, unlike the regular MA, T3MA is a very smooth line. This indicator uses the following formula:
T3MA = c1*e6 + c2*e5 + c3*e4 + c4*e3
e1 = EMA (CLOSE, Period) e2 = EMA (e1, Period) e3 = EMA (e2, Period) e4 = EMA (e3, Period) e5 = EMA (e4, Period) e6 = EMA (e5, Period) c1 = - b3 c2 = 3*b2 + 3*b3 c3 = - 6*b2 - 3*b - 3*b3 c4 = 1 + 3*b + b3 + 3*b2 (EMA = Exponential Moving Average, b = volume factor (default = 0.7))
Identify Reversal Points in Trends
Powerful Indicator Catches Market Bottoms And Tops and Identifies Trends
BEFORE They Start! Easy to Trade - No Previous Knowledge Needed!
This one-of-a-kind indicator has a great aim: Catching market bottoms and tops. This may seem like a tough goal for an indicator, but the DYNAMIC RANGE INDICATOR™ achieves this goal with 95% accuracy!
It uses a mechanism to identify overbought and oversold periods in price and signals Buy or Sell.
IFRAMA stands for Fractal Adaptive Moving Average and is another stroke of genius from John F Ehlers. It utilizes Fractal Geometry in an attempt to dynamically adjust its smoothing period to suit the changing price action over time.
Advance Decline Line indicator is used in Forex to identify and confirm strength of a trend, as well as its chances for reversing. ADL indicator in Forex provides a comparison between the number of market advancing and declining moments for a given period of time!