As originally described by Manfred G. Dürschner. Applies an inverse fisher transform to an aroon oscillator calculated using smoothed price. Smoothing is done via NWMA or "Moving Average 3.0".
Signals are Buy > 0 and Sell < 0
length 1 must be at least twice length 2 (lambda >= 2.0)
This is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same...
Three views of Aroon Indicator - original, binarized and smoothed.
More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily.
Note that the smoothed Aroon can be viewed as a channel indicator when normalized to price series.
There are already several indicators who measure the time behavior relative to price, the most well know being the Aroon indicator published by Tushar Chande. I propose an alternative indicator TPI who tend to create less whipsaw's at the cost of small reactivity.
The TPI is in a range of 0.5/-0.5 and is no different than the...
Lotmatik EasyCate Indicators
Why to use EasyCate Indicators?
Easy to follow and read,
Alarms can be set,
It is very easy to get an idea of where market is heading using Lotmatik EasyCate Indicators. EasyCate covers most popular indicators for you with its special “easy-to-see” format,
Anybody who knows what the traffic lights stand for will have a...
We include the Aroon Oscillator in our indicators for two reasons; 1. because of its value as a screening tool outside of the Tradingview environment, and 2. because of its value in detecting trends, trend strength and ultimately the end of a trend. The Aroon Oscillator was developed by Tushar Chande to highlight the start of a new trend and to measure trend...