This indicator uses the principle of taking the RSI of DPO readings across multiple time frames in order to provide trade signals and an overarching view of market conditions to the trader. My hope with creating this indicator was to present more divergence based signals than your typical indicator, while still keeping those signals at a high quality.
Collection of all custom and enhanced TA indicators
ma(source, maType, length) returns custom moving averages
source : Moving Average Source
maType : Moving Average Type : Can be sma, ema, hma, rma, wma, vwma, swma, highlow
length : Moving Average Length
Returns: moving average for the given type and length
***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_MacD_Ult_MTF _V2 Update 07-28-2021
Thanks to @SKTennis for help in Updating code to V2
Added Groups to Settings Pane.
Added Color Plots to Settings...
This is recreation of Donchian Channel - Pivot High Low indicator present here:
But, instead of traditional pivot high lows, this is based on pivots created from zigzag indicator.
This indicator is created on top of existing Zigzag indicator using lines array:...
This is an extension to Donchian Channel - Pivot High Low indicator. Creating new version as the new type added isn't related to pivot high/low.
New type added is based on moving average. Instead of using highest and lowest of n bars, here, we are using lowest and highest of moving average of highs and lows for n bars.
Previous version of Donchian channel pivot...
This indicator will plot a line on your chart that shows the highest high point between two previous points on the chart. It does this by reporting the highest point of X number of candles, and begins the look-back X number of candles ago.
Default candle group size is 50, and default look-back begins 50 candles back.
With these settings, the script will...
Sample Strategy: MACD Crossover with trend filter options
MA Filter : Price Close Above MA, Search for Buy, Price Close Below MA, Search for Sell
ADX Filter : Take trade only when ADX is above certain treshold
MACD Signal : MACD Cross above signal line while under 0 line indicate Buy Signal
MACD Cross below signal line while...