TripleFunctionIndicator (TFI)

Zigo · 2020-02-06T16:32:10+00:00

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 = 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 return

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02/06/2020 at 5:32 PM #118855 quote
Zigo
Participant

Master
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
return
```
DAX-1-minuutTFI.png
02/06/2020 at 5:42 PM #118857 quote

Zigo
Participant

Master

The 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 post

DAX-3-dagenTFI.png

02/10/2020 at 11:59 AM #119163 quote

Zigo
Participant

Master

An extra picture in realtime. Its a 76 tics graphic for the short time action.

DAX-76-Ticks.png

02/10/2020 at 12:20 PM #119171 quote

Sofitech
Participant

Master

Good job with your Indicator.
How do you manage the exit (take profit or your way to exit the trade with it) ?

Razz thanked this post

02/10/2020 at 2:33 PM #119180 quote

Zigo
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Master

@Sofitech,

TP
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