Insync index

v10.3
Insync index

Here’s a method to graphically display the signal status for a group of indicators as well as an algorithm for generating a consensus indicator that shows when these indicators are in sync. (by Norm North).

The below indicator compiled trend conditions on many indicators, such as the Bollinger Bands, RSI, CCI, Ease Of Movement, MACD, Money Flow Index, ROC and Stochastic. Each conditions gain a score of +5 or -5 (depending of the direction) and therefore give a global indicator with a score between 5 and 95.

5 is extremely bearish, while 95 is extremely bullish. Converted from a Metastock code following a request in the italian forum.

 

 

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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.

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  1. juanj • 57 days ago #

    Possible interpretation: Indicator tags 80 = Start of bullish trend, tags 20 = Start of bearish trend

  2. Yann LB • 57 days ago #

    Bonjour,

    Ajout de as “level 95” en toute fin de code. 😉

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