IT-Dual Relative StrengthOne can use this indicator to compare two security i.e. (Nifty and stock with its own sector) how it is performing in compare with preferred index ( Nifty 50 by default).
> 0 outperforming
< 0 underperforming
Works best for Daily TF, but can be applied to Weekly and monthly charts .
Can be use on smaller time frame as well, as per the number of hour you want to calculate.
Apply it to Nifty 50 , industry index, sector index or other security in similar sector
I have Added the Box table as well which shows the performance agents Nifty and selected sector.
Dual
Papercuts Dual PSAR v01Dual PSAR is a trend following script that uses auto-higher timeframe calculation of the current timeframe to create a dual Parabolic Stop And Release.
This is useful because it can determine periods of transition or indecision and can flag those periods with which way it is learning even though it is undecided, what i call "Wait Zones".
When both PSARS are not in alignment, it uses the lower timeframe one to determine which way the wait zone is learning.
You can see below in the chart shows some good trends and some wait zones.
A wait zone can have bullish indication, but then still have a bearish continuation.
A wait zone can have bullish indication, and then enter a bull trend.
Typically I won't make trades in wait zones, and I will exit trades when entering one.
Just wanted to try this out and see how it did. Figured I'd share.
Dual Thrust Trading Algorithm (ps4)This is an PS4 update to the popular Dual Thrust trading algorithm posted by me some time ago (). It has been commonly used in futures, Forex and equity markets. The idea of Dual Thrust is similar to a typical breakout system, however dual thrust uses the historical price to construct update the look back period - theoretically making it more stable in any given period.
See: www.quantconnect.com
Multi Time Frame Dual EMA Built this script so that we can have Dual EMA from any time frame on any chart.
Now i can see any cross over from multiple timeframe on single chart. Let me know if anything else is needed
Dual Thrust Trading AlgorithmThe Dual Thrust trading algorithm is a famous strategy developed by Michael Chalek. It has been commonly used in futures, forex and equity markets. The idea of Dual Thrust is similar to a typical breakout system, however dual thrust uses the historical price to construct update the look back period - theoretically making it more stable in any given period.
Dual MACDI like the Dual MACD for detecting moves a bit earlier. I use the standard MACD for actual confirmation.
Dual EMAI figured you'd like a dual EMA option as well, so here it is. GDAX 12/26 by default. I don't really use EMA but you can change the values and colors to whatever you want.
Dual Moving AverageGiven the limitation on indicators, I figured it would be nice to combine a couple into a single indicator. I'll likely make another one for EMA or make one that lets you use whichever type of moving averages you want.
Dual Exponential Moving AveragesJust like the regular "Moving Average Exponential" indicator except this allows you to show 2 with custom time intervals, saving non-subscribers to Trading View an indicator slot. Enjoy.
