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- 5882
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- Published:
- 2018.10.29 20:33
- Updated:
- 2019.01.29 15:52
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Theory:
In the March 2012 issue of TASC John Ehlers was describing the swami charts (indicators) again.
This version:
In addition to drawing colored zones, this indicator has what the original does not have : the "generic" stochastic (that is a type of average of all the stochastics calculated to display the "swami" zones). Without that generic stochastic it is virtually impossible to use any value as a criteria for some trend assessment (unless we consider the color as that, but with swami charts that can be quite difficult sometimes).
Usage:
Ehlers advises to use colors, but I strongly advise that you use the values of the "generic" stochastic for trend estimation.
PS: Swami charts are not "CPU friendly". Take care of the settings for that reason.
Trend direction and force - DSEMA smoothed
Trend direction and force - double smoothed EMA smoothed
Spearman rank correlation - floating levels
Spearman rank correlation - with floating levels