TripleFunctionIndicator (TFI)
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TFI is applicable even for very small timeframes, as You can see in the attachement, I use that indicator togheter with the Zigomathematics Indicator (arrowup and arrowdown in the graphic.
//Compute %R Williams Indicator twice, once with the High and second with the low instead of the close c1=Williams[n](high) c2=Williams[n](low) //Compare with the Overbought conditions if c1 >-20 and c1 > c1[1] then b = close+(0.1*close)-close //Compare with the Oversold conditions elsif c2 < -80 and c2 < c2[1] then b=close -(0.1*close)-close endif //Backgroundcolors and arrow's up and down if b >= 0 then BACKGROUNDCOLOR(0,0,0,35) if b crosses over 0 then DRAWARROWUP(barindex, low-1.5*AverageTrueRange[14](close))coloured(30,0,150,255) endif elsif b < 0 then BACKGROUNDCOLOR(0,0,0,55) if b crosses under 0 then DRAWARROWDOWN(barindex, high +1.5*AverageTrueRange[14](close))coloured (255,0,55,255) endif endif returnThe same Indicator, TFI and Zigomatematics, as above in a 3 days timeframe.
I used my birthday for n and m (17,5) , maybe it can be optimalised for the backtest.
Razz thanked this postAn extra picture in realtime. Its a 76 tics graphic for the short time action.
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6 years ago.
Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 02/06/2020 |
| Status: | Active |
| Attachments: | 3 files |
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