The "[blackcat] L5 Alchemy Gold (ALGOLD)" is a comprehensive trend-following indicator for trading. It combines volume and price data to create a MACD-like oscillator with reduced lag. The indicator includes adaptive and volatility filters, an ALMA for further filtering, and a divergence detector. It offers customizable settings and visual effects, such as color changes and shapes. ALGOLD provides entry and exit signals based on crossovers of fast and slow lines. It is a versatile tool for traders of all levels, helping decode market trends and tailor trading strategies.
This article introduces the Klinger Oscillator, which is a both mysterious and practical technical indicator created by Stephen Klinger. The indicator can help determine the strength of market trends and capture short-term fluctuations and rises and falls in the market. The article also provides the source code for the Keltner Channel in the Tongda Xing software, which is used to construct the Keltner Channel.
This article introduces the principles and applications of the Keltner Channel as a technical analysis tool. The Keltner Channel combines the analysis of price volatility and trading volume to identify market trends and turning points. The article also provides an improved version of the code on the TongdaXin platform, making this indicator more accurate and useful in stock market technical analysis.
Historical volatility is an indicator that measures the price fluctuations in the stock market. It reveals the true pulse of the market by calculating the average deviation between financial instruments and their average prices. Hull Moving Average (HMA) is a fast and smooth technical indicator that provides a smooth and efficient analysis of market dynamics through a special calculation method. Understanding and using HMA can help traders capture subtle changes in market trends and select appropriate trading opportunities.
EFI (Elder's Force Index) is a "power detector" in the stock market created by Master Alexander Elder. It combines price, volume, and market force to help determine the direction and strength of the market. The calculation formula for EFI is (current period closing price - previous period closing price) × volume, followed by applying the exponential moving average. Divergence in EFI can be used as a buying or selling signal, but it is recommended to use it in conjunction with other technical analysis tools.
Pine Script is a scientific language based on logic and data that performs magic on TradingView charts. It uses the opening price, high price, low price, closing price, and trading volume of each candlestick to cast its magic. Historical candlesticks are only executed once, on the closing price, while real-time candlesticks are executed every time the data is updated. Built-in variables such as open, high, low, close, and volume are used to predict the future based on past data on historical candlesticks and continuously update on real-time candlesticks. The behavior of strategies and indicators is also different, with strategies being executed only on the closing of real-time candlesticks, while indicators are executed on every update. Understanding the execution mechanism of Pine Script can better utilize this powerful tool for quantitative trading.