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Bull Power represents the ability of the bulls to raise prices above the average consensus of value.
Uses an exponential moving average, which is a trend-following indicator essential to the calculation. Bull power is a simple calculation, derived by subtracting an exponential moving average of closing prices from a high price.
Displays one of the following Moving average types according to Ma Type input
1 Simple moving average
2 Exponential moving average
3 Smoothed moving average
4 Linear weighted moving average
5 Double Exponential Moving Average
6 Triple Exponential Moving Average
7 T3 Moving Average
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.