Variable Index Dynamic Average (VIDYA) technical indicator was developed by Tushar Chande. It is an original method of calculating the Exponential Moving Average (EMA) with the dynamically changing period of averaging. Period of averaging depends on the market volatility; as the measure of volatility Chande Momentum Oscillator (CMO) was chosen. This oscillator measures the ratio … Read more
This technical indicator detects constant price zones and draws resistance and support lines. It checks the market movement for any market and any time frame. If a bar is not abnormally large, the indicator checks back and searches for other bars within the same price zone. If enough candles are found, it draws lines on … Read more
Real author: Unknown. The underlying algorithm of Ilan Dynamic 1.6 HT is simple. It is based on price averaging, with a gradual increase in the volume of each trade. For example, if after the opening of the first long position the price goes down and exceeds a certain range in points, a new long position … Read more
For the visual type person, a way of keeping track of: the remaining time on each candle, the changing value of the Bid price, tick by tick, the relative price position of the Bid/Ask spread. This is all in the same area and vicinity of the price action. Main Features: Bid line changes color as … Read more
In classical literature, the relative strength index is described as the “price-following oscillator that ranges between 0 and 100, and signals the market sentiment to change the trend at high (close to 100%) or low (close to 0%) values of the RSI».Dynamic Zone RSI, with large smoothing. Dynamic Zone RSI Dynamic Zone RSI – indicator … Read more
Aroon oscillator is usually not associated with to much flexibility. It is its nature. This version is breaking that. Instead of using fixed levels to find out trends / overbought / oversold conditions, this version is introducing dynamic levels in order to change that rigidness. Levels are calculated using quantile bands (some more information on … Read more
VolMA draws a moving average, the period of which is calculated by RSI, which is based on tick volume data. The indicator has four input parameters: RSI Vol Period – the period of RSI calculated on volume data; MA Period – the period of the dynamic Moving Average; MA Method – Moving Average calculation method; … Read more
The channel is calculated dynamically on each bar within a day. You can enter the hour and minute for the trading day beginning. The indicator has two input parameters: Hour of the beginning of the day – hour for the day beginning time; Minute of the beginning of the day – minute for the day … Read more
The Dynamic Momentum Index (DMI) is a variable term RSI. When default values are used, the RSI term varies from 3 to 30. The variable time period makes the RSI more responsive to short-term moves. The more volatile the price is, the shorter the time period is. It is interpreted in the same way as … Read more
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