PROTECTED SOURCE SCRIPT
pSignal CFB and Slope Trend Folow
Updated
This indicator shows the trend of an asset (nifty, crypto, forex, stock, etc., taking as a starting point the volatility and direction of the market.
When the moving average slope crosses up CFB (see CFB explanation below) it is BUY.
When the Moving Average Slope crosses CFB down it is sell.
The system also has a support and resistance (daily, weekly, or mouth) identifier.
The alarm of resistance or support signal: When price close and volume break daily support or resistance the general system is a visual signal.
Bull Wick= the high price broke the resistance.
Bear wick = the low price broke the support.
Break Out color blue color = the close price and the volume broke the resistance.
Break Out color maroon color = the close price and the volume broke the support.
The system also has the Bollinger bands that show us the volatility of the market and when it is up or down. Read more about the use of the Bollinger band
CFB
his indicator was designed to filter out lower price actions for a clearer view of trends. Inspired by QQE's volatility filter, this filter applies the process directly to price rather than a smoothed RSI . Range Filter and bands are now calculated in a singular function. There are now two different calculation methods for the filter. Select the type you want to use through the "Filter type" entry. Type 1 is the original formula. Multiple range size methods are now available.
You can choose between the following scales:
- Points
- Pips (Works best with currency pairs, obviously)
- Ticks -% of the price - ATR - Average change (default. This is the original sizing method). - Standard Deviation
- Absolute (absolute numerical value)
- Smoothing with the range elder is now optional, and you can specify its smoothing length.
Smoothing only affects dynamic scales (ATR, average change, and standard deviation).
- Filter movement can now be determined using highlights or closing price. This can be specified through the input.
When the moving average slope crosses up CFB (see CFB explanation below) it is BUY.
When the Moving Average Slope crosses CFB down it is sell.
The system also has a support and resistance (daily, weekly, or mouth) identifier.
The alarm of resistance or support signal: When price close and volume break daily support or resistance the general system is a visual signal.
Bull Wick= the high price broke the resistance.
Bear wick = the low price broke the support.
Break Out color blue color = the close price and the volume broke the resistance.
Break Out color maroon color = the close price and the volume broke the support.
The system also has the Bollinger bands that show us the volatility of the market and when it is up or down. Read more about the use of the Bollinger band
CFB
his indicator was designed to filter out lower price actions for a clearer view of trends. Inspired by QQE's volatility filter, this filter applies the process directly to price rather than a smoothed RSI . Range Filter and bands are now calculated in a singular function. There are now two different calculation methods for the filter. Select the type you want to use through the "Filter type" entry. Type 1 is the original formula. Multiple range size methods are now available.
You can choose between the following scales:
- Points
- Pips (Works best with currency pairs, obviously)
- Ticks -% of the price - ATR - Average change (default. This is the original sizing method). - Standard Deviation
- Absolute (absolute numerical value)
- Smoothing with the range elder is now optional, and you can specify its smoothing length.
Smoothing only affects dynamic scales (ATR, average change, and standard deviation).
- Filter movement can now be determined using highlights or closing price. This can be specified through the input.
Release Notes
Wee extend trial period
Disclaimer
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