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The purpose of the Impulse Momentum Oscillator (IMO) is to find fresh momentums.
The general recommendation is to trade in the direction of the intersection between the oscillator line and the range line. Two "anticipating" range lines - their crossover provides signals, though with a break/new sentiment. In another words when upper range increased by following the main line the long momentum happend; and when lower range decreased by following the main line the short momentum happend.
This indicator is the ctrader version of the famous CM_Williams_Vix_Fix indicator. And I saw that it was used a lot in tradingview. That's why I created it for ctrader users to use.
WilliamsVixFix indicator was invented back in 2007 when the well-known trader and “indicator innovator” Larry Williams wrote an article in Active Trader about VIX and how you can create your synthetic VIX for any security you like.
It was introduced in 1993 and is intended to represent the “fear” or “complacency” of the market. Unfortunately, the VIX is only calculated for the S&P 500, Nasdaq, and the Dow Jones 30.
When the VIX is high, it shows fear is high and vice versa. A high VIX normally means the market has fallen, at least in the short term, and the risk premium for owning stocks increases.
The formula for Williams VixFix is as follows:
Formula VIX Fix = (Highest (Close,22) – Low) / (Highest (Close,22)) * 100
***Combining Williams Vix Fix with Bollinger Bands can help us find trend reversal points***
If you have any problem with how to work with this indicator, contact me.
Notice:It does not guarantee any particular outcome or profit of any kind. Please enjoy trading at your own risk.
I can also take orders for algorithm development.
The indicator displays the yesterday/today ranges ratio.
"If yesterday's range was narrower than the previous day's one, it may be an explosive movement today." (Toby Crabel)
"If current range is narrover then previous, the time trigger to close position is based on loss/rebalance trend force for the current trend, and must happend" (My dear mentor Iba)
This was adapted from the "Power Weighted Moving Average" indicator created / uploaded by mfieza
Power Weighted / Weighted delta Indicator | Algorithmic Forex Trading | cTrader Community
This is a slightly better weighted moving average crossover in that you can vary the weight accordingly
What this does is give you earlier / later signals depending on the Power value (weight) chosen.
Please be aware that values for the H1 do not neccessarily apply to the D1 - you have find the best settings for your chose timeframe
Please feel free to fine-tune the code and share your improvements (if any) on this portal.
Settings for the H1
Settings for the D1 (these settings are by no means holy) - find the combination that suits you best
TrendSignal trend-following indicator specifies the change of a trend when Close price breaks through the specified range of bars upwards or downwards.
The Risk parameter allows defining the distance from the extreme price for this period, and it is defined it as a percentage of the range for this period.
This indicator displays the symbol pairs strength ranking.
It also displays buy and sell signs.
The supported symbol pairs are USDJPY, EURGBP, EURUSD, GBPUSD, EURJPY, GBPJPY, EURAUD, GBPAUD, AUDUSD, and AUDJPY.
Download from here.
This custom indicator, is a difference between Power Weighted Moving Average and Weighted Moving Average.
Use for Bullish sentiment when indicator result is above the zero and Bearish when indicator result is below the zero