Grand Indicator

l’altro ieri

The "Grand Indicator" is a comprehensive technical analysis tool that combines multiple indicators to provide a complete market view. It primarily focuses on momentum, trend, and volume analysis to generate trading signals.
• Core Components Combined:

- RSI (Relative Strength Index)

- MACD (Modified with OBV)

- Stochastic

- Multiple Moving Average variations


This indicator normalizes all components to a 0-100 scale for easier visual comparison and analysis. It uses a dual confirmation system that requires both RSI and MACD signals to align before generating trading signals. The RSI component monitors overbought and oversold conditions, while the modified MACD incorporates volume analysis through OBV (On-Balance Volume) to confirm price movements.

The indicator includes a sophisticated moving average system that offers multiple calculation methods including DEMA, TEMA, EMA, and several other variations. This flexibility allows traders to fine-tune the trend analysis component to their preferences. The stochastic component adds another layer of analysis by identifying potential reversal points through overbought and oversold conditions.

Trading signals are generated when multiple conditions align. A buy signal appears when the RSI crosses above the oversold level while the MACD turns upward. Conversely, a sell signal is generated when the RSI crosses below the overbought level while the MACD turns downward. These signals are visually displayed through background colors and markers on the chart.

• Key Technical Elements Used:

- Volume analysis (OBV)

- Momentum indicators (RSI, Stochastic)

- Trend analysis (Various MAs)

- Price action

- Multiple timeframe analysis capability

The indicator provides a comprehensive view of market conditions by combining these various technical analysis tools into a single, normalized display.