Tom's Trading Compass is a powerful tool that helps traders identify potential market trend reversal points through specific price action patterns. The script uses sequential logic and label plotting to analyze price movements, identify buy and sell signals, and provide intuitive visual indications to help traders better understand and track market dynamics.
This article introduces an indicator called "L3 Projected Magic-9/13", which is based on the TDS theory and has been innovated and expanded. The main features of the indicator include projection range, multi-timeframe support, magical nine turns logic, chart labels, and custom functions. It is used to identify market trends and turning points and is suitable for experienced traders and analysts.
Any moving average is an oscillator, and a bandpass filter can be generated by combining low-pass and high-pass filters. Converting a low-pass filter to a bandpass filter is more practical, while converting a high-pass filter to a bandpass filter may not be as practical. The conversion process is irreversible. John F. Ehlers has developed many technical indicators based on digital signal processing, including low-pass, high-pass, and bandpass filters.
Strategy standardization entails the development of take-profit and stop-loss setups, the generation of signal alerts, and the implementation of a backtesting framework, all serving to provide an operational environment and safeguard for trading strategies. Bullets represent the generation of entry and exit points in trading strategies, while guns include the creation of profit and loss limits and signal alerts, with the battlefield representing the trading platform. Modular design enhances the system's flexibility, scalability, maintainability, and adaptability. The buy-sell point algorithm (bullets) is like a public key, while profit and loss limits and backtesting framework (guns) are like a private key, working together to form a complete trading system. The benefits of this design include security, flexibility, reusability, and maintainability. The modular trading system design is analogous to public key encryption and private key decryption in encrypted communication. This design improves the system's security, flexibility, reusability, and maintainability