Green line is a simple Standar Deviation and red line is the moving average of the Standard deviation.
When green line line goes above red one, market in gaining volatility, when goes below is losing. Dots are only markers between each period, volatility or not.
The idea comes from the Juice indicator made Igorad. I just looking a way to plot a dynamic trigger level.
In the picture below, trade when volatile increases.
The concept is also close to some indicators made Luis Ghillerme Damiani.
The dots are just gifts. But for some traders is a warning: wait to bar close
This is the Average True Range version. And the StD with one fix.
Bands based on zero lag algorithm.
TEMA: Triple Exponential Moving Average
The algorithm used was written by Rosh, I just added the Bands.
FRAMA: Fractal Adaptive Moving Average by John Ehlers
Again, the algorithm used was written by Rosh, I just added the Bands
Great work Linuxser.. thank you..
I was wondering if it were possible to code the Fractal Dimension Index. There is a version of it done already that I've attached (it can be found here @ forex-tsd) However it's not the correct calculation of it.
I'm also attaching some links that lead to the correct way to calculate and interpret this indicator.
FXstreet Live Sessions Transcripts: Fractal Dimension Index (FDI). What it is, how it works and how to trade with it
Traders Tips - May 2003
As Vegas Style,
A tunnel, but based on Bollinger Bands with levels.
Plz Help Me
can coders set an alert on the rad T3 that when price touch the T3 indicator that alert? can any one create that or is that possible? i attach the rad t3 ondicator here .