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Elderraybullandbearpoweroscillators

MTF Bull Power Bear Power(Elder Ray Indicator)■Overview This indicator enables to select an upper timeframe’s Bull Power Bear Power(aka Elder Ray Indicator) (MTF) and the one of chart’s timeframe simultaneously by which users can always analyze looking at upper timeframe situation. Also, it displays signals when bull power bear power cross zero line with an ability to set alerts. ■Formula The indicator calculates bull power and bear power following the original Elder Ray indicator as follows. 1.Bull Power : High - EMA(13) 2.Bear Power : Low - EMA(13) 3.Bull Power Bear Power : 1 + 2 ※MTF is same as above ※MA period can be changed ※High/Low is highs/lows of a chart timeframe that users are opening unless you show MTF. See the link below for the details. www.investopedia.com To enable MTF, users can select “Auto” mode and “Manual” mode. When “Auto” selected, upper timeframes are determined based on the chart’s timeframes that users are currently opening as follows. Chart timeframes -> upper timeframes Weekly -> Monthly Daily -> Weekly 4hour -> Daily 1hour -> 4hour 30min -> 4hour 15min -> 1hour 5min -> 1hour 1min -> 15min ■Signals When bull power bear power cross zero line, signals can be displayed. These can be used to analyze reversal of buying/selling power. Alerts can be set with the same condition. —————————————— エルダー·レイ·インジケーターとしても知られるブルパワー·ベアパワーのMTFバージョンインジケーターです。 一つの上位足のブルパワー·ベアパワーとチャートのタイムフレームのブルパワー·ベアパワーの両方を同時に表示することができるため、常に上位足の状況を鑑みながら分析することができます。 また、それぞれのブルパワー·ベアパワーとゼロラインとの交差でシグナル表示、アラート設定が可能です。 ■計算式 ブルパワー·ベアパワーの計算式は以下の通りです。 オリジナルのエルダー·レイ·インジケーターと同じくEMAと高値·安値を用いて計算しています。 1.ブルパワー: 高値 - EMA(13) 2.ベアパワー: 安値 - EMA(13) 3.ブルパワー·ベアパワー = 1 + 2 ※MTFも上記に同じ ※MAの期間は変更可能 ※高値·安値は現在開いているチャートの高値·安値です。(MTFは指定したタイムフレームの高値・安値) ブルパワー·ベアパワーの詳細は以下のリンクを参照してください。 www.investopedia.com MTFのブルパワー·ベアパワーを表示するにあたっては、”Auto”モードと”Manual”モードの二つから選択することができます。 “Auto”モード選択時は、現在開いているチャートのタイムフレームに基づき、上位足のタイムフレームが下記の通りに自動的に決定されます。 チャートタイムフレーム -> 上位足タイムフレーム 週足 -> 月足 日足 -> 週足 4時間足 -> 日足 1時間足 -> 4時間足 30分足 -> 4時間足 15分足 -> 1時間足 5分足 -> 1時間足 1分足 -> 15分足 ■シグナル ブルパワー·ベアパワーとゼロラインとの交差でシグナルを表示します。 売り買いの強弱反転ポイントの目安として使ってください。 同じ条件でアラート設定も可能です。
Pine Script™ indicator
by FX365_Thailand
Logistic EMA w/ Signals by DGTLogistic Map Equation - The logistic map connects fluid convection, neuron firing, the Mandelbrot set and so much more. This study is an attempt to apply Logistic Map Equation in Trading Logistic Map Equation Xn+1 = r * Xn * (1 - Xn) Where, r - growth rate Xn - percentage of theoretical maximum of measured event (from 0 to 1) (1 - Xn) - represents constraints of the environment, presents the idea of negative feedback For trading the measured event will be the price of the instrument (price is commonly reffered as source in mathematicall forumlations), hence r - growth rate can be expressed as => change(source, length) / source, expressing r in such manner mades the equation dynamic with regards to the growth rate Xn - percentage of theoretical maximum of the price for given duration can be expressed as => source / highest(length) Putting pieces together we are ready to plot Printed alone does not seem to provide much useful visualization for trading, in fact not easy to interpret especially when the market is an uptrend What it has numerically, Provides a ratio, where sudden changes are much more reflected thanks to negative feedback nature of the logistic equation. As we know moving average indicators are lagging and the logistic map may fit here to reduce the lag With this study you will find application of Logistic Map Equation with combination of Exponential Moving Average (EMA) Logistic EMA (LEMA) and LEMA COLORS one line with user defined periods of length, where the colors of the line will change automatically depending where the value is compared to 50-100-200 moving average Multiple LEMAs : optional – three fixed lenght of 50-100-200 period lines LEMA Signals Various signals are added by using LEMA and applying some common market approaches. Use with caution and with conjunction of other indicators Thanks to @allanster for the idea A fascinating YouTube video explaining the logistic map - “This equation will change how you see the world (the logistic map)” Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script™ indicator
by dgtrd
25
Elder Ray Bull and Bear Power OscillatorsElder Ray Bull and Bear Power Oscillators Tradingview Screener Bull Bear Power(BBPOWER) OVERVIEW The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are: The highest price displays the maximum buyer’s power within the day. The lowest price displays the maximum seller’s power within the day. The moving average can be construed as a price agreement between buyers and sellers for a given time period. The Bulls/Bears power balance is important since changes in this balance can signal the early stages of a potential trend reversal. CALCULATION Elder uses a 13-day exponential moving average (EMA) to indicate the consensus market value. Bull Power is calculated by subtracting the 13-day EMA from the day’s high. Bear Power is derived by subtracting the 13-day EMA from the day’s low. TRADING WITH THE ELDER RAY BULL AND BEAR POWER OSCILLATORS BULL POWER Where a currency uptrend is sustained to the point that maximum prices move above the EMA the Bull Power histogram will be greater than zero. As price maximums accelerate to greater levels (above the EMA) during the rising trend histogram bars will increase in height above the zero line showing the increased buying strength during the period. BEAR POWER Where a currency downtrend is sustained to the point that minimum prices move below the EMA the Bear Power histogram will be less than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trend histogram bars will increase in height below the zero line showing increased selling strength during the period. TRADING SIGNALS It is important for traders to use the Elder Ray oscillators in conjunction with the EMA overlay over the price chart (typically as per period being analysed) to give additional context to the signals. Sell signals are given if Bull Power is above zero and there is a bearish divergence in the Bull Power histogram or if the Bull Power histogram is above zero and falling. Buy signals are given if Bear Power is below zero and there is a bullish divergence in the Bear Power histogram or if the Bear Power histogram is below zero and rising. It is extremely important for traders to only trade in the above scenarios if the direction of the trend indicated by the slope of the EMA on the price chart is in the direction of their trade when the signal is given (or shortly after).
Pine Script™ indicator
by ceyhun
3