Indicator from the Kevins archive, seems made with different kind of exponential moving average with different calculation over time and coefficient. Quite looking good on intraday chart for trend filtering. I didnt play enough with the parameters to get a better idea but it seems ok to post here in the library. Dont really know from where came the code ..
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//********************Required Variables // // Period float 30.5 // Hot float .4 // shift 0 // This code is used at your own risk. It was written by one of our members, Andy Thomas so thanks to him for providing it // // //********************** e1 = ExponentialAverage[Period](close) e2 = ExponentialAverage[Period](e1) e3 = ExponentialAverage[Period](e2) e4 = ExponentialAverage[Period](e3) e5 = ExponentialAverage[Period](e4) e6= ExponentialAverage[Period](e5) b = Hot b2 = b * b b3 = b * b * b c1 = -(b * b * b) c2 = 3 * b2 + 3 * b3 c3 = -6 * b2 - 3 * b - 3 * b3 c4 = 1 + 3 * b + b3 + 3 * b2 ret = c1 * e6 + c2 * e5 + c3 * e4 + c4 * e3 //////////////////////// he1 = ExponentialAverage[Period](high) he2 = ExponentialAverage[Period](he1) he3 = ExponentialAverage[Period](he2) he4 = ExponentialAverage[Period](he3) he5 = ExponentialAverage[Period](he4) he6= ExponentialAverage[Period](he5) hb = Hot hb2 = hb *hb hb3 = hb * hb * hb hc1 = -(hb * hb * hb) hc2 = 3 * hb2 + 3 * hb3 hc3 = -6 * hb2 - 3 * hb - 3 * hb3 hc4 = 1 + 3 * hb + hb3 + 3 * hb2 hret = hc1 * he6 + hc2 * he5 + hc3 * he4 + hc4 * he3 ////////////////// le1 = ExponentialAverage[Period](low) le2 = ExponentialAverage[Period](le1) le3 = ExponentialAverage[Period](le2) le4 = ExponentialAverage[Period](le3) le5 = ExponentialAverage[Period](le4) le6= ExponentialAverage[Period](le5) lb = Hot lb2 = lb * lb lb3 = lb * lb * lb lc1 = -(lb * lb * lb) lc2 = 3 * lb2 + 3 * lb3 lc3 = -6 * lb2 - 3 * lb - 3 * lb3 lc4 = 1 + 3 * lb + lb3 + 3 * lb2 lret = lc1 * le6 + lc2 * le5 + lc3 * le4 + lc4 * le3 return ret[shift] as "Coral T3",hret AS "Coral T3 High",lret AS "Coral T3 Low" |
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thank you for helping the community bro!!!! i’ll try this one on forex next week
Be careful THV coral is already based on T3 😉
Zilliq
Hola. Cómo hago para poner este indicador, de manera que aparezca en el precio? Gracias de antemano.