This is slightly modified version of the PermaCode Support and Resistance Lines, v003 by Adamus.
rleplae helped in swapping the rectangle with lines plot. The chart looks less crowded.
Please refer to "PermaCode Support and Resistance Lines, v003" for details on the indicator.
This indicator uses ADE and OOEL to plot Floor Pivots, Y_H/L/C and a label showing the average daily range. It requires some setup as described in the indicator itself. The screen shot looks poor- All lines, rectangles and labels have complete color, width, pattern and transparency control so you can dull them down or make them pop. Also have complete control of how many bars to the right your lines and labels display.
Updated to V2- Code is a little cleaned up and adds the ADR_H and ADR_L "marker" to the chart on the right side of the screen.
This indicator uses the Sentiment Data from the Trading Deck in https://www.marketwatch.com/, Takes the Advancers, Decliners, and no Change, and Plots them. It only works in real time, since The trading Deck only works from 09:30pm till 04:00 pm. The good thing about it is, that it can capture the trend of the day's sentiment.
this is the first version I made. 0.0.0.1 I guess...
TradeStation ShowMe and PaintBar studies for identifying and quantifying divergences between pairs of data series.
I wrote these studies with the intention of applying them to the S&P500 and the VIX, however they may be applied to any pair of data series.
To use, load a minute chart window with the SPY as data1 and the VIXY as data2. Make sure both series have the same bar settings ( ie, 5 minute and 5 minute ).
The paint bar study has a slightly weakened algorithm in order to give the viewer a “heads up” that the show me indicator may signal.
The example chart is 5 minute from 9/8/2015
Interpretation
A green dot under a bar is a long signal. It means the VIX is falling at a relatively greater quantity than the S&P is rising.
A red dot above bar is a short signal. It means the VIX is rising at a relatively greater quantity than the S&P is falling.
The studies work as follows:
The data series for data2 ( the VIX in our example ) is inverted by calculating the reciprocal of the close ( 1/close). This effectively flips the chart upside down.
The natural logarithmic returns for data1 and data2 are calculated and stored in a pair of data series for each.
The difference between the returns series are run through a pair of RSI oscillators in order to discover progressive divergences between them.
Change Log
2015-09-08 - Added support to automatically label the plots.
2015-09-14 - Speed enhancements. Reduced 5 loops through the correlation period to 1 loop.
The atgPairsCorrelation indicator plots the correlated logarithmic returns of two data series.
Thanks to @Oysteryx for helping me make this indicator.
The inputs to the indicator are standard price series data. The indicator internally generates the logarithmic returns and calculates and plots the correlation between them. The value ranges between -1 and +1. A positive value means that the two data series are correlated ( moving together ) while a negative value means they're moving in opposite directions. The magnitude of the value expresses the fidelity of the correlation. A value of 1 is achieved if you compare an instrument with itself.
In addition to comparing pairs of data series, special functionality is included that allows you to compare with an interest rate spread.
A template to load the indicator as displayed in the screen shot is available on the support thread. The template displays the correlations of the following instruments:
ES -> ZN/ZT spread
ES -> 6J
ES -> CL
ES -> GC
ES -> ZB
ES -> 6A
ES -> 6E
It’s assumed that the primary data series loaded on the chart is one of the two data series to be correlated. The chart series is always compared with one other series that the indicator loads internally. You may of course use any data series you want on the chart and in the settings for the indicator to run correlation studies on pairs of interest to you.
To use the template (see support thread ) load it on a chart of the ES with at least 365 days of daily data. This template loads 7 instances of the atgPairsCorrelation into a single chart panel so that their plots are overlaid.
Here are some basic property settings to configure the indicator to compare the ES to the 6J contract ( USDJPY futures contract ):
You must maintain the property settings for each instance so that the contract months are current.
Spreads
For running a correlation on an interest rate spread you must enter the two instruments involved in the spread into SpreadLeg1 and SpreadLeg2. In addition you must enter weights for each leg of the spread. the CME publishes these weights here:
Draws a horizontal line at the current price which changes as price changes. A + or - offset in ticks from current price can also be applied. Has the added feature of drawing lines for the current Bid and Ask, but by default these lines are not displayed. The line styles are controlled using the Lines section listed within the indicator's settings/parameters dialog.
This indicator is a Walk Forward Optimizer for a pair of moving averages. The moving averages in this case is the Ahrens Moving Averages that I have previously posted in the elite section. Pay attention to the output window as I print the results of the optimization there.
HOW IT WORKS
At the beginning of each session it will optimize the two variables (Moving Average Periods) for the last three sessions and draw the optimized moving averages for the current session. So the optimized variables are never tested on the current session that it is being drawn. Optimized prices takes place after the moving average cross on the open of the next bar.
I used the walk forward method to avoid CPU lag and massive curve fitting.
It works only on minute charts at the moment, but i am exploring solutions for other chart types.
October 31st, 2020 03:04 PM Ej437 Can we get this indicator updated to NT8?
October 31st, 2016 12:33 PM Sousa Thanks a lot for the WRB HG and i agree with wrbtrader about the WRB Zones, on the other hand guys its better to train y
our eye to see them while learning candle stick pattern while your at it. lastly
Which audio wav. alert is for regular WRB and which on is for hidden gap WRB? just to clarify in your post would be grea
t! (y)
September 11th, 2016 02:21 PM Bobi Thank you.
July 4th, 2016 01:16 PM bobc635 Hi wrbtrader.... I just saw your posted request. I am sorry for the slow response.... we have been really busy here with
moving to new house and travel. I believe that the Indi on your site called Mr Zones does the trick. If I am missing
something, let me know...
Bob
June 18th, 2016 12:23 PM wrbtrader I greatly appreciate the hard work. It would be nice if you could design it to show WRB Zones related to basic tutorial
chapter 2 to show the Zone highlighted on the chart so that it can extend to the right for better visualization.