Auto Adjust SuperTrend Indicator SuperTrend
It is a standard ATR (Average True Range)-based Trailing Indicator. The indicator takes two default values ATR Period and Factor. The standard settings for Super Trend I have seen are 10,3 or 10,2. These settings will not work for all the instruments, and we end up manually changing these settings. This is where Auto-Adjust Supertrend adds value. Auto-Adjust SuperTrend finds the optimized settings for ATRPeriod and Multiple using a defined algorithm to check all the different ATR Periods and Factors. It backtests different combinations of ATR Period and Factors and Indicator switches to these profitable settings as soon as it detects most profitable setting among given range in the settings.
Default ATR Period : 10 to 20
Default Factor : 2 to 5
The above settings can be altered in the indicator settings. Please do keep in mind that the performance of the indicator reduces as we increase the default settings range.
Alerts are available as well
Pls contact me for access.
Adjustment
Stock Adjustments: None, Splits, DividendsUtilizes Pine Script's built-in function to display trading data without stock splits or dividends adjustments affecting its price.
The three main options are 'none', 'splits', and 'dividends'.
'none' displays the data and stock splits nor dividends affect price.
'splits' accounts for splits without dividends affecting price.
'dividends' accounts for dividends adjustments without splits affecting price.
A stock splits calendar may be viewed at NASDAQ's website here:
www.nasdaq.com
A dividend calendar may be viewed here:
www.nasdaq.com
Self-Adjusting RSI +Here is an open source (no request needed!) version of the Self-Adjusting RSI by David Sepiashvili.
Published in Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI
David Sepiashvili's article, "The Self-Adjusting RSI," presents a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI values lie between the two thresholds. Sepiashvili presents two algorithms for adjusting the thresholds. One is based on standard deviation, the other on a simple moving average of the RSI.
This script allows you to choose between plotting the Self-Adjusting bands or the traditional bands. You can also plot a smoothed RSI (SMA or EMA) and change the theme color for dark or light charts.
If you find this code useful, please pass it forward by sharing open source!
Thank you to all of the open source heroes out there!
"If I have seen a little further it is by standing on the shoulders of Giants."
Dynamic Momentum IndexThis indicator was originally developed by Tushar S. Chande and Stanley Kroll. They described it in their book The New Technical Trader (1994).
The period for DMI calculation depends on the market volatility. DMI uses a longer period as volatility decreases and a shorter period as volatility increases, making it more responsive to changing prices than RSI which uses a fixed period. That's why the indicator is called "dynamic". You can specify the DMI period bounds (defaults are 5 and 30) in the indicator settings.
The calculation is based on the standard deviation of prices. The authors used a custom volatility index to adjust RSI period - the similar concept was used in the original VIDYA (yes, it was based on the standard deviation).
Source code on request
Self-Adjusting RSIThis indicator was originally developed by David Sepiashvili (Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI ).
The author presented a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI values lie between the two thresholds.
He used two algorithms for adjusting:
Standard Deviation-based
Simple Moving Average-based
Easy and straightforward. But this is not a true way.
Source code on request
M waves Mk3 'Magical M'sSo quick code update clean and script is now open for everyone! yay!....
as always adjust before using with safe and smooth parameters... you prob do not want to deviate too much from default values tho.
i use this indicator combined with the other frequency one to help me identify time and direction of next move.
quick how to use:
red means sell
green means buy
similar to rsi you want to buy/sell when the indicator turns green/red and lines are as pinched as posible (the lines that are being filled).
keep an eye on the other line that moves around ;) if its not matching the other 2 moving averages and the main color indicator chances are its a trap(works both ways)
use the candles to help you keep your eye on the indicator when scalping (look at the original post for some color ideas)
there is a ton more that i unfortunately do not have time to explain so let me go on to the sad news
i cant overwork myself anymore(cts both hands is a bitch) so updates will slow considerably... if there are any at all :( ) so drop ideas by dm or in comments on what i should work on next , and wish us luck as im prob gona need it .
catch you guys hopefully in a week with new updates
D
