Dreadblitz

Quadratic Semaphore

The quadratic semaphore indicator is an indicator that find confirmed market u-turn with the help of 2 quadratic regression calculated with Highs and Lows over the last “length” periods.

- “p” setting is candlesticks quantity to confirmed the quadratic regression has formed a High or Low parabola, such as Fractals. Consecutive same signals can happen due to the use of different price values for upper and lower semaphore.

- Adjust the settings to your instrument and time frame.

- Alerts included.

Success with your trade¡¡
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Commenti

You should give original author credit (nick from PRC) you copy/pasted his code exactly...
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very interesting!
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Dreadblitz JoshuaMcGowan
@JoshuaMcGowan, thanks buddy greetings
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Will be doing some testing with this and will provide feedback, looks great :D
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@JJosuke, I hope you find it useful, regards
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Amazing script as per usual. However you have made quite a few of these scripts that give signals with emojis. Perhaps it would be more viable to collect them all in one big script? That way you can have more indicators.
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Dreadblitz DEAD_HUNTER
@DEAD_HUNTER, hello, it's a good idea, regards
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DEAD_HUNTER Dreadblitz
@Dreadblitz, Also is it possible that you could make an indicator which would be able to indentify trading ranges? This would be especially usefull for iron condors and the like!
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DEAD_HUNTER DEAD_HUNTER
@Dreadblitz, I know its a lot to ask for but perhaps a combination of these 3 parameters, into 1 super trading range indicator would do the trick. I will experiment with this myself later today, however I just find your indicators to be of a higher quality that I could possibly make myself. https://www.quantnews.com/3-ways-to-identify-a-ranging-market-with-your-algo/
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DEAD_HUNTER DEAD_HUNTER
@DEAD_HUNTER, Update. I made a very simple (and ugly) version of this. It can be found here:
The biggest flaw with it, is that it sometimes gives a fake reading of 1 bar where you are in a trading range. Perhaps a condition such as it must last at least 3 bars for it to give a positive reading could be introduced. Also its ugly as hell, so feel free to copy and modify it as you please @Dreadblitz
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