Hot off the press, I present this "Correlation Cycle, CorrelationAngle, and Market State" multicator employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - June 2020 Traders Tips. Basically it's an all-in-one combination of three Ehlers' indicators. This power packed triplet indicator, being less than a 100 line implementation at initial release, is...
The Correlation Angle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend termination and simply buy when it is green and sell when it turns red.
Let me know if you would like to see me publish...
This indicator tries to identify ranging and trending markets.
It measures the angle of a Moving Average in order to filter out ranging markets.
The idea is to only enter a trend following trade if the slope is steep enough.
In order to create this indicator, I used a strategy script from bennef called "Trend Angle BF" and slightly modified it to transform it...
this indicator gives you the angles of different moving averages
this can give an indication of the momentum of a move increasing or decreasing
you can also set a threshold for a minimum angle to filter out "no trade" zones
I build these indicators for myself and provide them open source, to use for free to use and improve upon,
Chop & Trend
A handy little indicator illustrating not only areas of Chop or "flat" market conditions, but also to indicate the start of a new trend and the new trend's direction.
Using just a few algorithms to indicate the aforementioned (RSI, Jurik Moving Average and Angle of MA) we've tried to keep it simple as we believe...
A script to draw Price Angles and Time Levels given Cycle start point, Cycle space (size), Cycle type ( Bullish / Bearish ), Cycle shape, Time levels space, Time levels count
Makes it easier for you to find where a cycle could end
All shapes are included (Circular, Straight Line, Triangular, Square, Pentagon, Hexagon, Heptagon, Octagon, Nonagon, Decagon)...