Corrected RSI w/ Floating Levels [Loxx]Corrected RSI w/ Floating Levels is an RSI indicator with floating levels that attempts to determine the periods of flat and trending periods
Regular RSI value is also displayed (in order to help to determine a trend) but the main value is the "corrected" value. Usage is simple: possible trend change on a color change. For "trend traders" possible usage of longer periods is advised.
Coloration
Regular RSI is shown in yellow
Green/Red/Gray line is corrected RSI
Gray boundary lines are floating level
White dashed line is middle floating level
Included
Bar coloring
3 types of signal output options
Alerts
Loxx's Expanded Source Types
Loxx's RSI Variety RSI types
Floatinglevels
Price-Filtered Spearman Rank Correl. w/ Floating Levels [Loxx]Price-Filtered Spearman Rank Correl. w/ Floating Levels is a Spearman Rank Correlation indicator with optional source filtering and floating levels.
What is Spearman rank correlation?
Spearman rank correlation, also known as Spearman coefficient is a formula used to identify the strength of the link between two datasets. This coefficient is a method that can be used to assess the strength of a relationship apart from the direction it takes. The formula, named after Charles Spearman, a mathematician, can only be used in circumstances where data can be categorized or put in order, for instance, the highest to the lowest.
For a better understanding of Spearman coefficient, it helps to get a sense of what monotonic function means. There’s a monotonic relationship under these circumstances:
– When the variable values rise together.
– When one variable value rises the other variable value lowers.
– The rate of movement of the variables need not necessarily be constant.
The Spearman correlation coefficient or rs, between +1 and -1, where +1 indicates a perfect strength between variables, while zero shows no association and -1 shows a perfect negative strength.
Spearman rank correlation theory:
A nonparametric (distribution-free) rank statistic proposed by Spearman in 1904 as a measure of the strength of the associations between two variables (Lehmann and D'Abrera 1998). The Spearman rank correlation coefficient can be used to give an R-estimate, and is a measure of monotone association that is used when the distribution of the data make Pearson's correlation coefficient undesirable or misleading.
Included:
Zero-line and signal cross options for bar coloring, signals, and alerts
Alerts
3 Signal types
Loxx's Expanded Source Types
PA-Adaptive MACD w/ Variety Levels [Loxx]PA-Adaptive MACD w/ Variety Levels is a Phase Accumulation Adaptive MACD with both floating and quantile levels. This is tuned for Forex. You'll have to adjust the Phase Accumulation Cycle settings to work for crypto and stock markets.
What is MACD?
Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .
What is the Phase Accumulation Cycle?
The phase accumulation method of computing the dominant cycle is perhaps the easiest to comprehend. In this technique, we measure the phase at each sample by taking the arctangent of the ratio of the quadrature component to the in-phase component. A delta phase is generated by taking the difference of the phase between successive samples. At each sample we can then look backwards, adding up the delta phases.When the sum of the delta phases reaches 360 degrees, we must have passed through one full cycle, on average.The process is repeated for each new sample.
The phase accumulation method of cycle measurement always uses one full cycle’s worth of historical data.This is both an advantage and a disadvantage.The advantage is the lag in obtaining the answer scales directly with the cycle period.That is, the measurement of a short cycle period has less lag than the measurement of a longer cycle period. However, the number of samples used in making the measurement means the averaging period is variable with cycle period. longer averaging reduces the noise level compared to the signal.Therefore, shorter cycle periods necessarily have a higher out- put signal-to-noise ratio.
Included:
Zero-line and signal cross options for bar coloring, signals, and alerts
Alerts
Signals
Loxx's Expanded Source Types
4 moving average types
Smoothed Repulse w/ Floating Levels [Loxx]Smoothed Repulse w/ Floating Levels indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve.
It is more relevant when compared to price and offers valuable additional information on the feeling and confidence that traders have about the markets.
This version can use one of the 4 basic averages types for smoothing.
Coloring can be chosen depending on :
slope
outer levels cross
middle ("zero") level cross
Since the "repulse" indicator is not limited to known bounds, levels are dynamic — the "zero" value too. That makes it more responsive in the times of elevated volatility. Alerts are triggered based on the color change.
Included:
Bar coloring
Signals
Alerts
Your choice of moving average for smoothing
Corrected QWMA (Quadratic Weighted Moving Average) [Loxx]Corrected QWMA (Quadratic Weighted Moving Average) is the "corrected" version of QWMA. There are other attempts on TradingView to create the QWMA, this is the correct version with weighting applied to the lookback period.
"Correcting" is a process where the value of the average is checked for the significance (how big is it) of change. For that, a standard deviation of a change is used and if the change is "not significant enough", then the change is ignored. Because of this, the average starts to have that "step like" value, but in any case, it should not be mixed with the step average type. The corrected average is different.
The correction period can be used to have different types of calculations:
If the "correction" period is set to < 0, then there is no correction made (in that case the value is exactly the same as original qwma)
If the "correction" period is set to 0, then the "correction" period is the same as qma period
If it is set to any other value, that period is used
Color combinations:
Middle: color (and alerts) on slope change
Levels: (and alerts) on outer levels cross
QWMA: (and alerts) on middle level cross
Included:
Bar coloring
Signals
Alerts
STD Adaptive ADXm w/ Floating Levels [Loxx]STD Adaptive ADXm w/ Floating Levels is a standard deviation adaptive ADX indicator with adaptive floating boundary levels
What is the ADX?
Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are. In this article, we'll examine the value of ADX as a trend strength indicator.
What is the ADXm?
Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart).
Included:
-Toggle on/off bar coloring
-Toggle on/off fill coloring
Adaptive Supertrend w/ Floating Levels [Loxx]Adaptive Supertrend w/ Floating Levels is a Supertrend indicator made adaptive by comparing the coefficient of determination / average of the least squares. The basic concept is this: use correlation with an r-squared line to adapt the period of the indicator, thereby resulting in a more versatile Supertrend. This adaptive formula makes the Supertrend more reactive to small fluctuation in the market while still doing what it's supposed to do: track trend. In addition, floating levels are drawn above or below the Supertrend which are calculated with percentage of the highest and lowest values of the Supertrend within the last “lookback” period. These floating levels act as filter to detect / prevent false trend reversals. T
What is the Supertrend?
Supertrend indicator was created by Olivier Seban to work on different time frames. It works for futures, forex, and equities. It is used in 15 minutes, hourly, weekly, and daily charts. Based on the parameters of multiplier and period, the indicator normally uses 3 for multiplier and 7 for the ATR period as default values. Average True Range is represented by the number of days while the multiplier is the value by which the range is multiplied.
Included
-Toggle on/off bar coloring
-Toggle on/off adaptivity
-Toggle on/off fill coloring
