Various - page 109
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I want to ask what is interpolation and if using interpolation in an indicator makes it to repaint or to recalculate.
Corrected average with quite a few extras
Corrected RSI
This is the "corrected" version of RSI. It can calculate the usual 7 types of RSI :
You can turn the "correcting" on or off (using the "correction" period). Also, 4 types of color/trend/state changes are available
PS: the "correcting" in effect makes rsi a kind of step rsi. It is not the same as what is already known as step rsi, hence the name used is this, but we can treat it is a kind of a step rsi
Corrected momentum indicator
If the period of the "correction" is set to <0, then the calculated value is the same as the momentum (if you compare it to the built in momentum, add 100 to it and then the values are going to be exactly the same).
In any case, the "correction" was added to the momentum in order to filter out many false signals that momentum tends to have (if you try to use momentum based on the slope, it will lead you to anything but usable indicator - the "corrected" method changes that and turns the momentum indicator into a much more usable indicator)
Alerts are included already. Depending on color choice the alerts are triggered too. Possible color /alert choices are :
Corrected velocity indicator ...
Velocity is usually referred to as a "smother momentum", and it is true (it has much smoother results without lag that would go with the smoothness). This is a logical step to have velocity as a "corrected" version too so that both (momentum and velocity) can be used. For the ones looking for more "speed" in the indicator, momentum is probably the choice. For those looking for filtered out values, velocity is a probable choice, but now, with both versions available, the choice is easy (and possible)
If the period of the "correction" is set to <0, then the calculated value is the same as the velocity
Even though the velocity already does a good job of filtering a lot of false signals out, the "corrected" method moves that one further step forward. With a combination of floating levels, the choice of a "significant change" is not limited to zero crosses only, and the response (or the "expected lag") can be easily controlled
Alerts are included already. Depending on color choice the alerts are triggered too. Possible color /alert choices are :
Corrected velocity indicator ...
Velocity is usually referred to as a "smother momentum", and it is true (it has much smoother results without lag that would go with the smoothness). This is a logical step to have velocity as a "corrected" version too so that both (momentum and velocity) can be used. For the ones looking for more "speed" in the indicator, momentum is probably the choice. For those looking for filtered out values, velocity is a probable choice, but now, with both versions available, the choice is easy (and possible)
If the period of the "correction" is set to <0, then the calculated value is the same as the velocity
Even though the velocity already does a good job of filtering a lot of false signals out, the "corrected" method moves that one further step forward. With a combination of floating levels, the choice of a "significant change" is not limited to zero crosses only, and the response (or the "expected lag") can be easily controlled
Alerts are included already. Depending on color choice the alerts are triggered too. Possible color /alert choices are :
Can you make multi time frame version too?
Here is the multi time frame version
Here is the multi time frame version
Here is the multi time frame version
thanks