HL2

hajixde Premium

Author: Hajixde This indicator illustrates the High-to-Low variation. It works nicely on shorter time frames. The index value is calculated based on the observation length (Memory Length). By changing this input, you can have a wider or shorter observation range. MA Length is the moving average filter length, which smooths out the signal. There is an additional...

HammondB3

This script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5...

ProfitProgrammers Premium

Here is a new experimental indicator we've been working on. The idea was to compare two EMA's of period midpoints to the actual closing price. The steps that were taken are listed below: 1.Calculate an EMA based on each period's midpoint ((High * Low) /2) for the last 9 periods. 2.Calculate an EMA based on each period's midpoint for the last 100 periods. 3....