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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  1. juanj • 360 days ago #

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

  2. Yann LB • 360 days ago #

    Bonjour,

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

  3. ialaoufadia • 293 days ago #

    Bonjour.
    Votre code a l’air efficace. Sauriez-vous comment modifier les étiquettes qui s’affichent sur le graphique svp ? Mon problème est que j’ai les étiquettes avec les indices “inSync 95” et “level 5” qui s’affichent, alors que j’aimerais afficher l’ “InSync Index” . Merci.

    • Nicolas • 293 days ago #

      Il faut simplement modifier ces textes à convenance, dans la dernière ligne de code (les textes sont entre guillemets).

  4. ialaoufadia • 292 days ago #

    Je viens de comprendre l’origine de mon problème : le graphique n’avait tout simplement pas assez de place sur mon écran pour afficher toutes les étiquettes, et l’ “Insync Index” ne s’affichait pas. Tout bête.

  5. ialaoufadia • 292 days ago #

    Merci Nicolas, le problème était donc autre.

  6. Gianluca • 206 days ago #

    Sorry but the stochastic part should be different:
    sto=Stochastic[14,1]
    stod=average[3](sto)
    //STO%dInS
    if stod>80 then
    stodins=5
    elsif stod80 then
    stokins=5
    elsif sto<20 then
    stokins=-5
    else
    stokins=0
    endif

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