Vigia blai5VIGÍA is the latest and current version of this weighted indicator that collects, combines and harmonizes the values of four other classic indicators: RSI, MFI, Bollinger Bands and Stochastic.
It is a 2nd Generation indicator, as it does not base its algorithm on pure price data, but on its evolution (volatility, volume differences, power variations, cycle phase ...) working from first generation indicators included and mixed in the algorithm.
With the RSI we detect current power or depletion; the MFI adds the harmonization between price and volume; Bollinger Bands warn us of positions in areas close to support and resistance, and Stochastic informs us of the favorable and unfavorable phases of its cycle. VIGÍA tries to gather all this information in a single value and signal. This is how the curve of this indicator emerges.
The layout of this curve is its own and different from that of the other four separately. But the key idea of this complex indicator is to harmonize the signals.
By "harmonizing" we mean that an exaggerated value of one of the individual indicators, being part of a set, is nuanced. On the other hand, a simultaneous good look in two or more, enhances the resulting signal making it more visible and clear for trading.
One of the main effects that I have tried to enhance in the various versions of VIGÍA is its geometry, so one of the best ways to operate the indicator is divergences, which are generally quite reliable.
But, unlike so many conventional indicators, VIGÍA allows us a relatively large number of operations, which can satisfy both lovers of the most daring techniques and those who are more prudent in their trading.
In the first place, the black line is properly the Watch Signal (SV), the soul and central element of this entire invention.
On it you will see that a red line is oscillating. It is an Exponential Average of the indicator itself (by default, value 20). It is of enormous interest for trading since the SV cuts on its Average can be taken as entry and exit signals. (To check it, you just have to check it on the history of any value or index).
But there are more elements. An important change is the transformation of fixed levels into variable trading bands. This system allows the environment to adapt to changes in the asset price, recognizing and transforming itself according to the trend or laterality phases through which it runs. The signal moves above and below a central zero value and (as always) with no extreme limits, because it is important to remember that VIGÍA is not an oscillator and that prevents it from reaching a predefined extreme and being 'keyed in'.
On the upper variable band, we enter the overload zone, in Vigía's own jargon, while under the lower variable band, the situation of the indicator is on discharge. It is interesting to observe how, precisely the crossing of these variable bands by Vigía coincides on many occasions with the fastest and most productive phase of the entire price shift, far from concepts that in this phase we should already abandon as outdated and unreliable such as "overbought" or "oversold."
The last two elements remain to be described: a timid blue dashed line and that flickering central area of color called the Astro.
The blue dashed line is named Filter. It is a much more useful element than its smooth and modest journey appears. The Filter has some really fascinating features. Notice, for example, that it is the only line that I keep in visible numerical value, to know exactly when it has a positive and negative value. In periods of laterality, it is a good ally to help us make decisions. It does more things, but that is a prize reserved for whoever pays some attention to it… :-))
We will finish by Astro. Astro is an indicator with its own personality that I designed separately, it is available independently, but I ended up incorporating it into Watcher, which also happens with the Medium Proportional Volume (MPV). Both can be presented or hidden, according to the tastes or needs of the user.
Astro is an adjustable trend indicator, a very useful little tool that will help us identify the critical points where we must consider entries or changes in position. Its default value is 8 cycles, which is a good fit for daily stocks, but I have left open the possibility of modifying its period to be able to take advantage of all its power in intraday temporalities. Once again, I invite you to DO NOT believe me, but to launch the indicator on any asset and evaluate the signals that Astro has offered on its history.
Blai5
Konkorde 2.0How does Koncorde work?
Well, we already know how we should operate, but how do I know what sharks are doing? Well, here comes the Koncorde indicator.
This indicator is made up of 6 indicators. 4 trend and 2 volume. The 2 volumes are IVP (positive volume index) and IVN (negative volume index). These two indicators are interesting as they are programmed to proportionally attribute the volume traded between strong hands (sharks) and weak hands (minnows).
As for which temporality to use, the bigger the better, since at the end of the day what we are doing is data analysis and therefore the more data, the better. I personally use it in daily candles.
And all this, how is it represented in the indicator? Its graphic representation consists of three overlapping layers and a red line.
Signal (red): Average represented with a red line
Mountain (brown): It is the brown layer that indicates the price trend
Prado (green: It is the green layer that attributes the purchases or sales of weak hands (minnows)
Water (light blue): It is the blue layer that attributes the purchases or sales of strong hands (sharks)
When strong hands are below zero, they are said to be selling, while when they are above zero, they are said to be buying. The same goes for weak hands. Generally if the strong hands are buying or selling, the price is lateralized (for this the Atlas indicator is very useful). The movement of the price is associated with the purchases and sales that the weak hand makes.
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¿Cómo funciona Koncorde?
Bueno, ya sabemos como debemos operar, pero ¿cómo se yo lo que están haciendo los tiburones? Pues aquí entra en juego el indicador Koncorde.
Este indicador se compone a su vez de 6 indicadores. 4 de tendencia y 2 de volumen. Los 2 de volumen son el IVP (índice de volumen positivo) y el IVN (índice de volumen negativo). Estos dos indicadores son los interesantes ya que están programados para atribuir de manera proporcional el volumen negociado entre las manos fuertes (tiburones) y las manos débiles (pececillos).
En cuanto a que temporalidad usar, cuanto más grande mejor, ya que al fin y al cabo lo que estamos haciendo es análisis de datos y por tanto cuantos más datos, mejor. Yo personalmente lo uso en velas diarias.
Y todo esto, ¿cómo se representa en el indicador? Su representación gráfica consta de tres capas solapadas y una linea roja.
Señal (rojo): Media representada con una linea roja
Montaña (marrón): Es la capa marrón que indica la tendencia del precio
Prado (verde: Es la capa verde que atribuye las compras o ventas de las manos débiles (los pececillos)
Agua (celeste): Es la capa azul que atribuye las compras o ventas de las manos fuertes (los tiburones)
Cuando las manos fuertes se sitúan por debajo de cero, se dice que están vendiendo mientras que cuando están por encima de cero, se dice que están comprando. Lo mismo ocurre con las manos débiles. Generalmente si las manos fuertes están comprando o vendiendo, el precio queda lateralizado (para esto vienen muy bien el indicador Atlas). El movimiento del precio se asocia a las compras y ventas que hace la mano débil.
Blai5 KoncordeEste es uno de los indicadores del genial Blai5, modificado y adaptado para TradingView.
De forma muy resumida, este indicador muestra la velocidad con la que cambia el volumen de negociación de la mano fuerte y la mano débil.
En palabras del autor, " el objetivo de todo este esfuerzo era conseguir, con un golpe de vista y en un sólo gráfico, "CONCORDAR" el movimiento tendencial del indicador con los movimientos significativos del volumen segregado ".
Significado de cada zona:
Área azul: mano fuerte. Si es positiva indica acumulación y si es negativa distribución.
Área verde: mano débil. Si es positiva indica compra y si es negativa venta.
Área marrón: Indica la tendencia y depende de los valores anteriores de mano fuerte y débil.
Línea roja: Es una media exponencial que suaviza la tendencia indicada por el área marrón.
Ejemplo de operativa sencilla:
Comprar: Cuando el área marrón sobrepasa hacia arriba la línea roja.
Vender: Cuando el área marrón sobrepasa hacia abajo la línea roja.
Esto sería para largos. Para entrar cortos sería al revés.
