Anyone who can help me with this indi? Can we make it MTF?
Some good indicators were posted today:
And this is whole the story -
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2012.09.05 13:45
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 :
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
TEMA Jurik Volty Adaptive - indicator for MetaTrader 5
I have a question for programmers of this thread:
Since many fractals count in the lookback period mean price is ranging, would it be possible to build an indicator that can detect ranging markets using adaptive lookback??