ARKA-haDelta+This Indicator is based on Mr. Dan Valcu ideas.
Bodies of candles(open-close) are the main component used to indicate and assess trend direction, strength, and reversals.
The indicator measures difference between Heikin Ashi close and open.
Measuring the height of candle bodies leads to extreme values that point to trend slowdowns. Thus quantifies Heikin Ashi to get earlier signals.
I used this indicator on Heiken Ashi charts but, it's possible to choose to calculate Body size based on Heiken Ashi or Candles.
haDelta can be smoothed with a simple moving average .
We see that crossings between the haDelta and SMA confirm trend changes with an anticipated delay introduced by each average. Crossings between the indicator and its average are better
confirmations of trend changes.
When Delta crosses above SMA it is an uptrend.
When Delta crosses below SMA it is a downtrend.
Default haDelta smoothed value is by applying 3 periods SMA .
Also, it is possible to deactivate SMA and see just The Delta Values.
In this indicator can choose the MA period and type.
This version has an option that makes it possible to draw dynamic levels. By choosing Dynamic from levels Type and set your preferred length.
The Length value is the max value in the past candles that are used to draw the levels.
In this version, I added the Z-score level. By choosing z-score areas the z-score is above 2 or below -2 shown by colors. I also added Alert ability into the indicator. The alert has two modes. First, when level type equals Z-Score it shows signals where delta cross ma and Z-Score are below or above high and low levels.
The second mode is when the level type is not Z-Score it shows delta cross ma.
So far, this is the description of the indicator(haDelta), which has been written separately and published for the public. In this indicator, we intend to smooth the value of haDelta we get using moving averages.
A simple three-day moving average has been applied to the Delta(3) and its MA to reduce the number of false signals generated by haDelta.
haDelta+=SMA(haDelta,3)
SMA(haDelta+,3)=SMA(haDelta+,3)
Dan-valcu
Qstick IndicatorThis indicator idea comes from Tushar Chande called Qstick.
Technical indicators quantify trend direction and strength in different ways.
One way is to use the difference between close and open for each bar and to sum it up over a period of time.
The formual is:
Qstick (period ) = Average ((close-open ), period )
In this indicator, we can choose how to calculate body by two famous chart types. The first and default indicator settings are based on Heiken Ashi chart, and the second is based on the Candlesticks chart.
If the resulting value is positive, the trend is considered up and shows with the blue color; otherwise,
the trend is considered down it shows with red color.
When Qstick value is greater than zero means that the majority of the last 'n' days(the default value is 8)
have been up, indicating that buying pressure has been increasing. Vice versa, when Qstick value is lower than zero means that the majority of the last 'n' days have been down, indicating that selling pressure has been increasing.
Crossing Qstick above Level Zero is used as bullish bias (long entry signal) because it is indicating
that buying pressure is increasing, while bearish bias (short entry signal) comes from the indicator
crossing down through zero. This indicator can be part of trading systems and we can use it to confirm our signals.
Also, We can active Alert checkpoint to show cross points and activate Alerts.
Psychological LineThis indicator can be shown by the number of bars with consecutive higher closing prices over a period of time. The maximum value is equal to the period.
The default period value is 12.
Thresholds used with this period are 3, 6, and 9.
A drop below 3 suggests an approaching low, and a crossover above 9 warns about an upcoming top.
In this period, 6 is a neutral value and represents the borderline separating uptrends and downtrends.
