predictive_moving_average

4 giu 2022

Description:
Originated by John F. Ehlers, could be found within (Rocket Science for Traders, pg. 212). Aim to provide a leading indicator (I assumed for the shorter time period), which smoothed the price with no lag. The indicator derives from 2 lines crossing i.e. a weighted moving average, of higher length as a predictor and shorter length as a trigger.

Predictive Moving Average:
predict = 2*wma1 - wma2
trigger = (4*predict+3*predict[1]+2*predict[2]+predict)/10

Feature:

• Predictive moving average
  
• Deviation band
  

Notes

• Consider the support/resistance (dynamic) when entering the position
  
• Some short direction change might be identified from deviation shrink
  
• Green indicates to enter/long, while red indicates to close/short position
  

6 giu 2022

Note di rilascio

Predictive Moving Average:
predict = 2*wma1 - wma2
trigger = (4*predict+3*predict[1]+2*predict[2]+predict)/10

7 giu 2022

Note di rilascio

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7 giu 2022

Note di rilascio

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11 nov 2022

Note di rilascio

changed to overlay, with a slight adjustment in the color condition

21 apr 2023

Note di rilascio

update on additional options of band/envelope and bar-color

example:

11 nov 2023

Note di rilascio

update on close alert