SMU Stock Thermometer

23 feb 2020

This script shows various technical indicators in a stacked vertical candle called Market Termometer.
It helps to see the price action in one single vertical column where the actual price moves up or down. So you can see the price change based on your custom setting levels.

I've been studying ALGO for over a year and made many live experiment trades long and shorts. So, I'm trying to find a way to see what is ALGos next move. If it sounds far-fetch, then you should see my other published scripts.

Here is example of how ALGo dance around old indicators, which is why I started creating a bunch of new indicators that ALGO doesn't know
Example:
Impact-driven-algorithm= Large volume masked as small volume to keep the price at desired level. So, your chart says overbought but market doesn't drop for days
Cost-driven-algorithm= Hedge fund buy every time at lower price and prevent others to buy low, moving up fast. Is like a clock with millisecond timing and ALGO owners know when to buy low and when to sell high

If you have a good idea, let me know so i can include it the future versions.

Enjoy and think outside the box, the only way to beat the ALGO

23 feb 2020

Note di rilascio

This is second version, with some revision to the code to work in lower time frames and I removed fixed user input to keep it dynamic for any stock out of the box. It is still a WIP from my perspective but I don't want perfect becomes enemy of the good. In my other life, I manage software development using Agile techniques. So, I rather publish early with what I have and polish later. So, if you see the code is untidy or bells and whistles are missing, is because the concept and rapid sharing to get feedback in my view are for more important

I've tried to reach to top scripters to start a collaboration and making slow progress. We need to work together, share knowledge to survive.

Enjoy

23 feb 2020

Note di rilascio

This new version kicks ALH=GO's ass. I was going to wait to publish later at US cash open it but since AISA is no open open and SPX going down, I release this interim version. Check the Market Strength (Black) candle ot has gone below my lowest part of thermometer. If you trade SPX uses it at your own risk of course. I shorted and profited this morning of it.

Follow me as I change this particular indicator today since market was closed when I designed it and couldn't see its full potential.

Enjoy

14 mag 2020

Note di rilascio

Optimisation