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The thread about threads: what's going around the forum everywhere - page 15

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Sergey Golubev
Moderator
103238
Sergey Golubev  

Elliott Wave

The forum

  1. Elliot Wave Indicators - key thread 
  2. elliott wave theory - the thread
  3. Elliott Wave - mini article about how to use
  4. Keys to Investor Success - Elliott Wave Theory - mini article 
  5. The Wave Principle by Ralph Nelson Elliott - the book 
  6. How to Understand the Three Building Blocks for Trading Elliott Wave - mini article

CodeBase

  1. ElliottWaveMaker 3.0 - expert for MetaTrader 5
  2. Elliot oscillator - indicator for MetaTrader 5 
  3. Elliott Wave Oscillator - indicator for MetaTrader 5 
  4. Elliott Wave Oscillator - indicator for MetaTrader 4 
  5. Elliot Waves labels - script for MetaTrader 4 
  6. ZigZag - indicator for MetaTrader 5 
  7. FX Multi-Meter - indicator for MetaTrader 4 
  8. Elite eFibo Trader - expert for MetaTrader 4 
  9. FX5_NeelyElliotWave - indicator for MetaTrader 4
  10. Calculation of the 3-rd Elliott wave - script for MetaTrader 4
  11. Draw Elliott 5 waves - script for MetaTrader 4 
  12. EW Elliott Wave Easy Counter Script - script for MetaTrader 4

Articles

  1. The Implementation of Automatic Analysis of the Elliott Waves in MQL5 - MetaTrader 5 article 
  2. Problems of Technical Analysis Revisited - MetaTrader 4 article 
  3. Layman's Notes: ZigZag - MetaTrader 4 article 
  4. AutoElliottWaveMaker - MetaTrader 5 Tool for Semi-Automatic Analysis of Elliott Waves - MetaTrader 5 article 
  5. How to reduce trader's risks - MetaTrader 5 article 
  6. Channels. Advanced Models. Wolfe Waves - MetaTrader 4 article 
  7. Market Theory - MetaTrader 5 article

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Sergey Golubev
Moderator
103238
Sergey Golubev  

Adaptive lookback indicators

Of adaptive lookback

The Adaptive Lookback (period finder) is truly a market-driven indicator used to determine the variable lookback period for many different indicators, instead of a traditional, fixed figure.

It is based on the frequency of market swings - the time between swing highs or swing lows. A swing high is defined as two consecutive higher highs followed by two consecutive lower highs; a swing low is defined by two consecutive lower lows followed by two consecutive higher lows. As swing points typically accompany reversals, they occur more frequently in choppier and volatile markets than in trends.

Adaptive lookback period is determined as :

  1. Determine the initial number of swing points (swingCount parameter) to use in the calculation.
  2. Count the number of price bars it takes for thenswing points to form.
  3. Divide step 2 by step 1 and round the result.

Interpretation

This makes the variable lookback period grow in calm or trending markets, and shorten in range-bound and volatile markets. For a trend-following system you would like the opposite to prevent being whipsawed, therefore this indicator and it's usage as a period modifier is more suitable for short-term traders and counter-trend systems (so, in all systems where maximal speed of reaction and signaling is required).

Experiment with applying the adaptive lookback period to different indicators and you'll see how more responsive they become in volatile markets. Some of the experiments are going to be posted on this thread with immediate comparison to "non-adaptive" counterparts

Forum threads

  • Key thread with indicators (for MT4 and MT5):
    - lb - swing points indicator for MT4 -the post: the basic indicator (simply showing swing points). You will notice that it draws the "peak" with 2 bars displacement. That is done in   order to avoid any any kind of repainting (no lag is added to swing points finding thought);
    - alb - periods indicator for MT4 -the post: he "next step" : periods already calculated;
    - alb - RSI indicator for MT4 -the post: RSI made adaptive with a help of alb period finder;
    - alb - swing points indicator for MT5 -the post;
    - alb - periods indicator for MT5 -the post;
    - alb - RSI indicator for MT5 - the post;
    - alb - stochastic and alb_speed - stochastic indicators for MT5 -the post;
    - alb - stochastic for MT4 -the post;
    - Adaptive lookback moving average indicator for MT4 -the post;
    - Adaptive lookback moving average indicator for MT5 -the post;
    - speed version of alb indicators for MT5 -the post;
    - alb - TriangularMA price zone for MT4 -the post;
    - and much more indicators such as alb TriangularMA price zone mtf & alerts_v2c, alb - cci ds jurik, alb - wpr ds jurik, alb Phase Change Index on jurik indicator, Adaptive lookback TMA, zig zag swing, adaptive Gann High-Low activator jma Heiken Ashi arrows using Hilbert Transform, adaptive Gann High-Low activator jma Heiken Ashi arrows-1 indicator, Gann high low activator - Jurik smoothed- mtf indicator for Metatrader 5, Gann high low activator - Jurik smoothed channel - mtf indicator for Metatrader 5, adaptive Smoothed RSI, alb NonLagMA, NonLag ma indicator for Metatrader 5, NonLag ma - mtf & alerts indicator for MT5, Adaptive Macd color mtf-alerts-arrows indicator, and so on -the thread

The articles

CodeBase

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