12:1 Indicator

v10.3
12:1 Indicator

I spotted this simple idea here:

https://blog.thinknewfound.com/2018/03/protect-participate-managing-drawdowns-with-trend-following/

and thought that I would convert it to an indicator.

The original intention is for it to be a longer term trend indicator on monthly charts to get an idea of overall market sentiment but there is no reason why it cannot be used on shorter time frames and with different ratios.

The indicator consists of taking the gain or loss over the last 12 month period and subtracting the gain or loss from the last months period. If the result is above zero then the sentiment is bullish and if below it is bearish. Obviously you would need to check this after the last months candle has closed.

You can change the ratio in the indicator by changing Period and Period2 from 12 and 1 to any other ratio such as 24:3 for example.

The output is in histogram form with the height of the histogram being the value returned from the calculation. Green is bullish and red is bearish.

Try it on other time frames and with different ratios.

ITF file attached which I recommend importing instead of cut and pasting the code.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Vonasi • 06/21/2018 #

    Discussion on this indicator/filter can be found here: https://www.prorealcode.com/topic/121-trend-following/

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
Nicolas Use the color variables R and G to test if the trend is bullish (R=0) or bearish (R>0).
s00071609 Where can i find the syntax to test the colour of the line, I am calling the indicator value...
Nicolas You should open a new topic to discuss about the strategy and its coding.
Sukhdev Golen Hi Nicolas, how to use this on tradingview?
Nicolas You can't. All codes here are made for the ProRealTime trading platform: https://www.proreal...
supertiti Bonjour Anthon...y ? On est vraiment tout près de ce que propose Julien , sur sa dernière...
anthon Salut à tous et merci ! Content que les indicateurs vous plaisent . Abonnez vous à ma page y...
Varadero54 Bonjour Anthon ... pourrais-tu me communiquer l'adresse ou le nom de ta chaine YOUTUBE ... j...
Nicolas
1 month ago
Jan Wind "There are two methods of using Kagi: We buy when there is a turnaround and sell when there...
Nicolas Thanks, let us know how it is going?
Jan Wind Hallo Nicolas, I have tested the pre-mentioned concept, and had to change the concept : ...
Alai-n @Vonasi Thanks
jiddan78 how to convert to afl amibroker ?
Nicolas We do not supply free coding assistance for AFL Amibroker on the website. You can ask for pa...
camporan You can use it 5M onwards, but the longer timeframe the more accurate it is. My preferred ar...
manchokcity can we have it in mql4 platform? or how or which platform do we use it?
camporan I don't use MetaTrader so I won't be able to do the translation myself. Sorry!
riz001 thnk u
geroniman bonjour Nicolas, j ai un indicateur le Tiger . J aiemrai placer des fleches buy et sell dire...
Nicolas Merci de formuler les demandes sur le forum. ça n'est pas le bon endroit et hors sujet ici ! ;)
GraHal Is there a switch to start / stop the Trailing SL / TP as when I GRAPH SL & TP neither a...
robertogozzi No GraHal, there's no topic open. It would be great if you could start one and post that lin...
GraHal Discussion Topic started here ... https://www.prorealcode.com/topic/discussion-re-auto-sy...
ggolfet I tried to use it (with prorealtime version 11 - end of day version). I receive an error mes...
Nicolas Try to reduce the displayed units of the chart. MaxScale should always be superior to Start...
ggolfet Thanks Nicolas, I imported the itf file and solved the problem.
vandenacker THANKS A A LOT FOR SHARING. I like your trade. I try to remproduce your board but i dont arr...
umebon Tnx for sharing!! Can someone help me how i can call for the mydayhigh and mydaylow for to u...
LucioleLucide Clean view, thanks for sharing
winnie37 yes. "No ground breaking math here, but I am finding very useful and some algo based on it i...
Jan Wind Also interesting to know what does not work, which set up you use, saves me investigating ! ...
winnie37 i just set the proorder like this: buy when 50/100/200 phase >0 and sell when under 0, go...
Vinks_o_7
5 months ago
Jan Wind fatcat, sorry to hear. Today I did run the code for 100.000 bars (from 17 dec 2017 till 31 ...
GraHal I confirm that I get almost exactly the same (+7 days difference now) results as Jan states ...
Jan Wind A discussion Topic is opened, and can be found at https://www.prorealcode.com/topic/di-tem...
coscar Ottimo lavoro. come sempre!
luxrun Nello studio di Sepiashvili viene descritto anche un altro indicatore, il Q-indicator, che è...
Francesco78 derschnee spiace a me che non riesci a replicarla. Prima di esprimere giudizi pensaci 2 volte.
avatar
unkown ;-) sfido chiunque a riuscirci!
avatar
unkown infatti basta leggere i post degli altri....
juanj DId some tests using MACD validations on higher timeframes using MTF functionality and unfor...
FREDNC Hi Francesco I tried with :
FREDNC adx[14]>adxmin and adx[14] > adxr[14] and adx[14]>adxmin and adx[14] DIminus[3](clo...
Maik2404 wie kann ich den Code bekommen Paul?
jens_kittner Works with US Crude at 1h as well!
Jean-Claude REGIS Je préconise de regarder les graphiques H1 et M15 pour visualiser la tendance de fond et d'...

Top