I have been using both of these indicators with success to determine reversals. I was wondering instead of having two screens separately showing these indicators would it be possible to combine them to one study as a lower indicator? I have noticed that when MAMA goes below the MDI the chances of a reversal are high. Every time timeframe will have different parameters but what's working for me is the 3 min time frame. I am not a professional coder my skills are very beginner level so would really appreciate the help. I tried multiple times but was not able to accomplish it/
MAMA -- Mcginley Dynamic Indicator For ThinkOrSwim
- Thread starter GiantBull
- Start date
netarchitech
Well-known member
@GiantBull : Try this...
Hope this helps...
Good Luck and Good Trading
Code:
# filename: _MAMA_MDI_Combo_Lower_
# Here is Ehler's MAMA:
# hint: <b>Ehler's Mesa Adaptive Moving Average</b> using Ray's clean version
# of the homodyne discriminator.
#
# MIT License
# Copyright (c) <2010> <Radford Juang>
#
#Permission is hereby granted, free of charge, to any person obtaining a copy
#of this software and associated documentation files (the "Software"), to deal
#in the Software without restriction, including without limitation the rights
#to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
#copies of the Software, and to permit persons to whom the Software is
#furnished to do so, subject to the following conditions:
#
#The above copyright notice and this permission notice shall be included in
#all copies or substantial portions of the Software.
#
#THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
#IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
#FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
#AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
#LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
#OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
#THE SOFTWARE.
#
declare lower;
script WMA_Smooth {
input price = hl2;
plot smooth = (4 * price
+ 3 * price[1]
+ 2 * price[2]
+ price[3]) / 10;
}
script Phase_Accumulation {
# This is Ehler's Phase Accumulation code. It has a full cycle delay.
# However, it computes the correction factor to a very high degree.
#
input price = hl2;
rec Smooth;
rec Detrender;
rec Period;
rec Q1;
rec I1;
rec I1p;
rec Q1p;
rec Phase1;
rec Phase;
rec DeltaPhase;
rec DeltaPhase1;
rec InstPeriod1;
rec InstPeriod;
def CorrectionFactor;
if barNumber() <= 5
then {
Period = 0;
Smooth = 0;
Detrender = 0;
CorrectionFactor = 0;
Q1 = 0;
I1 = 0;
Q1p = 0;
I1p = 0;
Phase = 0;
Phase1 = 0;
DeltaPhase1 = 0;
DeltaPhase = 0;
InstPeriod = 0;
InstPeriod1 = 0;
} else {
CorrectionFactor = 0.075 * Period[1] + 0.54;
# Smooth and detrend my smoothed signal:
Smooth = WMA_Smooth(price);
Detrender = ( 0.0962 * Smooth
+ 0.5769 * Smooth[2]
- 0.5769 * Smooth[4]
- 0.0962 * Smooth[6] ) * CorrectionFactor;
# Compute Quadrature and Phase of Detrended signal:
Q1p = ( 0.0962 * Detrender
+ 0.5769 * Detrender[2]
- 0.5769 * Detrender[4]
- 0.0962 * Detrender[6] ) * CorrectionFactor;
I1p = Detrender[3];
# Smooth out Quadrature and Phase:
I1 = 0.15 * I1p + 0.85 * I1p[1];
Q1 = 0.15 * Q1p + 0.85 * Q1p[1];
# Determine Phase
if I1 != 0
then {
# Normally, ATAN gives results from -pi/2 to pi/2.
# We need to map this to circular coordinates 0 to 2pi
if Q1 >= 0 and I1 > 0
then { # Quarant 1
Phase1 = ATan(AbsValue(Q1 / I1));
} else if Q1 >= 0 and I1 < 0
then { # Quadrant 2
Phase1 = Double.Pi - ATan(AbsValue(Q1 / I1));
} else if Q1 < 0 and I1 < 0
then { # Quadrant 3
Phase1 = Double.Pi + ATan(AbsValue(Q1 / I1));
} else { # Quadrant 4
Phase1 = 2 * Double.Pi - ATan(AbsValue(Q1 / I1));
}
} else if Q1 > 0
then { # I1 == 0, Q1 is positive
Phase1 = Double.Pi / 2;
} else if Q1 < 0
then { # I1 == 0, Q1 is negative
Phase1 = 3 * Double.Pi / 2;
} else { # I1 and Q1 == 0
Phase1 = 0;
}
# Convert phase to degrees
Phase = Phase1 * 180 / Double.Pi;
if Phase[1] < 90 and Phase > 270
then {
# This occurs when there is a big jump from 360-0
DeltaPhase1 = 360 + Phase[1] - Phase;
} else {
DeltaPhase1 = Phase[1] - Phase;
}
# Limit our delta phases between 7 and 60
if DeltaPhase1 < 7
then {
DeltaPhase = 7;
} else if DeltaPhase1 > 60
then {
DeltaPhase = 60;
} else {
DeltaPhase = DeltaPhase1;
}
# Determine Instantaneous period:
InstPeriod1 =
-1 * (fold i = 0 to 40 with v=0 do
if v < 0 then
v
else if v > 360 then
-i
else
v + GetValue(DeltaPhase, i, 41)
);
if InstPeriod1 <= 0
then {
InstPeriod = InstPeriod[1];
} else {
InstPeriod = InstPeriod1;
}
Period = 0.25 * InstPeriod + 0.75 * Period[1];
}
plot DC = Period;
}
script Ehler_MAMA {
input price = hl2;
input FastLimit = 0.5;
input SlowLimit = 0.05;
rec Period;
rec Period_raw;
rec Period_cap;
rec Period_lim;
rec Smooth;
rec Detrender;
rec I1;
rec Q1;
rec jI;
rec jQ;
rec I2;
rec Q2;
rec I2_raw;
rec Q2_raw;
rec Phase;
rec DeltaPhase;
rec DeltaPhase_raw;
rec alpha;
rec alpha_raw;
rec Re;
rec Im;
rec Re_raw;
rec Im_raw;
rec SmoothPeriod;
rec vmama;
rec vfama;
def CorrectionFactor = Phase_Accumulation(price).CorrectionFactor;
if barNumber() <= 5
then {
Smooth = 0;
Detrender = 0;
Period = 0;
Period_raw = 0;
Period_cap = 0;
Period_lim = 0;
I1 = 0;
Q1 = 0;
I2 = 0;
Q2 = 0;
jI = 0;
jQ = 0;
I2_raw = 0;
Q2_raw = 0;
Re = 0;
Im = 0;
Re_raw = 0;
Im_raw = 0;
SmoothPeriod = 0;
Phase = 0;
DeltaPhase = 0;
DeltaPhase_raw = 0;
alpha = 0;
alpha_raw = 0;
vmama = 0;
vfama = 0;
} else {
# Smooth and detrend my smoothed signal:
Smooth = WMA_Smooth(price);
Detrender = ( 0.0962 * Smooth
+ 0.5769 * Smooth[2]
- 0.5769 * Smooth[4]
- 0.0962 * Smooth[6] ) * CorrectionFactor;
Q1 = ( 0.0962 * Detrender
+ 0.5769 * Detrender[2]
- 0.5769 * Detrender[4]
- 0.0962 * Detrender[6] ) * CorrectionFactor;
I1 = Detrender[3];
jI = ( 0.0962 * I1
+ 0.5769 * I1[2]
- 0.5769 * I1[4]
- 0.0962 * I1[6] ) * CorrectionFactor;
jQ = ( 0.0962 * Q1
+ 0.5769 * Q1[2]
- 0.5769 * Q1[4]
- 0.0962 * Q1[6] ) * CorrectionFactor;
# This is the complex conjugate
I2_raw = I1 - jQ;
Q2_raw = Q1 + jI;
I2 = 0.2 * I2_raw + 0.8 * I2_raw[1];
Q2 = 0.2 * Q2_raw + 0.8 * Q2_raw[1];
Re_raw = I2 * I2[1] + Q2 * Q2[1];
Im_raw = I2 * Q2[1] - Q2 * I2[1];
Re = 0.2 * Re_raw + 0.8 * Re_raw[1];
Im = 0.2 * Im_raw + 0.8 * Im_raw[1];
# Compute the phase
if Re != 0 and Im != 0
then {
Period_raw = 2 * Double.Pi / ATan(Im / Re);
} else {
Period_raw = 0;
}
if Period_raw > 1.5 * Period_raw[1]
then {
Period_cap = 1.5 * Period_raw[1];
} else if Period_raw < 0.67 * Period_raw[1] {
Period_cap = 0.67 * Period_raw[1];
} else {
Period_cap = Period_raw;
}
if Period_cap < 6
then {
Period_lim = 6;
} else if Period_cap > 50
then {
Period_lim = 50;
} else {
Period_lim = Period_cap;
}
Period = 0.2 * Period_lim + 0.8 * Period_lim[1];
SmoothPeriod = 0.33 * Period + 0.67 * SmoothPeriod[1];
if I1 != 0
then {
Phase = ATan(Q1 / I1);
} else if Q1 > 0
then { # Quadrant 1:
Phase = Double.Pi / 2;
} else if Q1 < 0
then { # Quadrant 4:
Phase = -Double.Pi / 2;
} else { # Both numerator and denominator are 0.
Phase = 0;
}
DeltaPhase_raw = Phase[1] - Phase;
if DeltaPhase_raw < 1
then {
DeltaPhase = 1;
} else {
DeltaPhase = DeltaPhase_raw;
}
alpha_raw = FastLimit / DeltaPhase;
if alpha_raw < SlowLimit
then {
alpha = SlowLimit;
} else {
alpha = alpha_raw;
}
vmama = alpha * price + (1 - alpha) * vmama[1];
vfama = 0.5 * alpha * vmama + (1 - 0.5 * alpha) * vfama[1];
}
plot MAMA = vmama;
plot FAMA = vfama;
}
#declare upper;
input price = hl2;
input FastLimit = 0.5;
input SlowLimit = 0.05;
plot MAMA = Ehler_MAMA(price, FastLimit, SlowLimit).MAMA;
MAMA.SetDefaultColor(Color.CYAN);
MAMA.SetLineWeight(2);
plot FAMA = Ehler_MAMA(price, FastLimit, SlowLimit).FAMA;
FAMA.SetDefaultColor(Color.MAGENTA);
FAMA.SetLineWeight(2);
FAMA.hide();
plot Crossing = Crosses((MAMA < FAMA), yes);
Crossing.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Crossing.SetDefaultColor(Color.LIGHT_GREEN);
Crossing.SetLineWeight(3);
Crossing.hide();
plot Crossing1 = Crosses((MAMA > FAMA), yes);
Crossing1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Crossing1.SetDefaultColor(Color.PINK);
Crossing1.SetLineWeight(3);
Crossing1.hide();
#AddLabel(yes, Concat("MAMA: ", Concat("",
#if MAMA > FAMA then "Bull" else "Bear")),
#if MAMA > FAMA then Color.GREEN else Color.RED);
# McGinley Dynamic Indicator
# Mobius
# V02.11.2011
# D = D1 + ((I - D1) / ( N * (I/D1)^4))
# where D1= yesterday's Dynamic, I = today's price, N = smoothing factor.
input value= close;
input length= 20;
input Slength = 5;
def A1= ExpAverage(value, length)[1];
def MDI = A1 + ((value - A1) / Sqr(value / A1));
plot Data = ExpAverage(MDI, Slength);
Data.SetPaintingStrategy(PaintingStrategy.LINE);
Data.SetLineWeight(2);
#Data.SetDefaultColor(Color.LIGHT_GRAY);
def A2 = ExpAverage(value, length*3)[1];
def MDI2 = A2 + ((value - A2) / Sqr(value / A2));
plot Data2 = ExpAverage(MDI2, Slength*3);
Data2.DefineColor("Data2_SlopePos", Color.GREEN);
Data2.DefineColor("Data2_SlopeNeg", Color.MAGENTA);
Data2.AssignValueColor(if Data > Data2 then Data2.Color("Data2_SlopePos") else Data2.Color("Data2_SlopeNeg"));
Data2.setlineweight(2);
data2.hide();
Data.DefineColor("Data_SlopePos", Color.CYAN);
Data.DefineColor("Data_SlopeNeg", Color.RED);
Data.AssignValueColor(if Data > Data2 then Data.Color("Data_SlopePos") else Data.Color("Data_SlopeNeg"));
data.hide();
plot EMA8 = expaverage(close,8);
EMA8.setdefaultcolor(color.DARK_ORANGE);
EMA8.setlineweight(2);
EMA8.hide();
# End Code ------------
def buySignal = if Data > Data2 and Data[1] <= Data2[1] and expaverage(close,8) > average(close,13) then 1 else 0;
def sellSignal = if Data < Data2 and Data[1] >= Data2[1] and expaverage(close,8) < average(close,13) then 1 else 0;
plot signal = if buySignal or sellSignal then Data else double.nan;
signal.assignValueColor(if buySignal then color.WHITE else color.YELLOW);
signal.setLineWeight(5);
#signal.SetStyle(curve.points);
signal.setpaintingstrategy(paintingStrategy.SQUARES);
signal.hide();
# additional plots from yahoo forum
input price2 = close;
input length2 = 14;
input displace = 0;
plot WS = WildersAverage(price2[-displace], length2);
WS.setDefaultColor(Color.LIGHT_GRAY);
WS.setLineWeight(2);
input periods = 10;
rec _md = compoundValue( 1, _md[1] + (( close - _md[1] ) / ( periods *
power( close / _md[1], 4 ) ) ), close );
plot MD = _md;
MD.setdefaultcolor(color.CYAN);
MD.setlineweight(2);
MD.hide();
def buySignal2 = if MD > WS and MD[1] <= WS[1] and expaverage(close,8) > average(close,13) then 1 else 0;
def sellSignal2 = if MD < WS and MD[1] >= WS[1] and expaverage(close,85) < average(close,13) then 1 else 0;
plot signal2 = if buySignal2 or sellSignal2 then MD else double.nan;
signal2.assignValueColor(if buySignal2 then color.WHITE else color.YELLOW);
signal2.setLineWeight(5);
signal2.SetStyle(curve.points);
signal2.hide();
#signal2.setpaintingstrategy(paintingStrategy.SQUARES);Hope this helps...
Good Luck and Good Trading
@netarchitech Thank you! This one of the most powerful combinations I have seen. These 2 indicators together perform remarkably.
JT_479
New member
I've been using it since he originally posted it on here and can say it's excellent!@GiantBull : Try this...
Code:# filename: _MAMA_MDI_Combo_Lower_ # Here is Ehler's MAMA: # hint: <b>Ehler's Mesa Adaptive Moving Average</b> using Ray's clean version # of the homodyne discriminator. # # MIT License # Copyright (c) <2010> <Radford Juang> # #Permission is hereby granted, free of charge, to any person obtaining a copy #of this software and associated documentation files (the "Software"), to deal #in the Software without restriction, including without limitation the rights #to use, copy, modify, merge, publish, distribute, sublicense, and/or sell #copies of the Software, and to permit persons to whom the Software is #furnished to do so, subject to the following conditions: # #The above copyright notice and this permission notice shall be included in #all copies or substantial portions of the Software. # #THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR #IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, #FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE #AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER #LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, #OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN #THE SOFTWARE. # declare lower; script WMA_Smooth { input price = hl2; plot smooth = (4 * price + 3 * price[1] + 2 * price[2] + price[3]) / 10; } script Phase_Accumulation { # This is Ehler's Phase Accumulation code. It has a full cycle delay. # However, it computes the correction factor to a very high degree. # input price = hl2; rec Smooth; rec Detrender; rec Period; rec Q1; rec I1; rec I1p; rec Q1p; rec Phase1; rec Phase; rec DeltaPhase; rec DeltaPhase1; rec InstPeriod1; rec InstPeriod; def CorrectionFactor; if barNumber() <= 5 then { Period = 0; Smooth = 0; Detrender = 0; CorrectionFactor = 0; Q1 = 0; I1 = 0; Q1p = 0; I1p = 0; Phase = 0; Phase1 = 0; DeltaPhase1 = 0; DeltaPhase = 0; InstPeriod = 0; InstPeriod1 = 0; } else { CorrectionFactor = 0.075 * Period[1] + 0.54; # Smooth and detrend my smoothed signal: Smooth = WMA_Smooth(price); Detrender = ( 0.0962 * Smooth + 0.5769 * Smooth[2] - 0.5769 * Smooth[4] - 0.0962 * Smooth[6] ) * CorrectionFactor; # Compute Quadrature and Phase of Detrended signal: Q1p = ( 0.0962 * Detrender + 0.5769 * Detrender[2] - 0.5769 * Detrender[4] - 0.0962 * Detrender[6] ) * CorrectionFactor; I1p = Detrender[3]; # Smooth out Quadrature and Phase: I1 = 0.15 * I1p + 0.85 * I1p[1]; Q1 = 0.15 * Q1p + 0.85 * Q1p[1]; # Determine Phase if I1 != 0 then { # Normally, ATAN gives results from -pi/2 to pi/2. # We need to map this to circular coordinates 0 to 2pi if Q1 >= 0 and I1 > 0 then { # Quarant 1 Phase1 = ATan(AbsValue(Q1 / I1)); } else if Q1 >= 0 and I1 < 0 then { # Quadrant 2 Phase1 = Double.Pi - ATan(AbsValue(Q1 / I1)); } else if Q1 < 0 and I1 < 0 then { # Quadrant 3 Phase1 = Double.Pi + ATan(AbsValue(Q1 / I1)); } else { # Quadrant 4 Phase1 = 2 * Double.Pi - ATan(AbsValue(Q1 / I1)); } } else if Q1 > 0 then { # I1 == 0, Q1 is positive Phase1 = Double.Pi / 2; } else if Q1 < 0 then { # I1 == 0, Q1 is negative Phase1 = 3 * Double.Pi / 2; } else { # I1 and Q1 == 0 Phase1 = 0; } # Convert phase to degrees Phase = Phase1 * 180 / Double.Pi; if Phase[1] < 90 and Phase > 270 then { # This occurs when there is a big jump from 360-0 DeltaPhase1 = 360 + Phase[1] - Phase; } else { DeltaPhase1 = Phase[1] - Phase; } # Limit our delta phases between 7 and 60 if DeltaPhase1 < 7 then { DeltaPhase = 7; } else if DeltaPhase1 > 60 then { DeltaPhase = 60; } else { DeltaPhase = DeltaPhase1; } # Determine Instantaneous period: InstPeriod1 = -1 * (fold i = 0 to 40 with v=0 do if v < 0 then v else if v > 360 then -i else v + GetValue(DeltaPhase, i, 41) ); if InstPeriod1 <= 0 then { InstPeriod = InstPeriod[1]; } else { InstPeriod = InstPeriod1; } Period = 0.25 * InstPeriod + 0.75 * Period[1]; } plot DC = Period; } script Ehler_MAMA { input price = hl2; input FastLimit = 0.5; input SlowLimit = 0.05; rec Period; rec Period_raw; rec Period_cap; rec Period_lim; rec Smooth; rec Detrender; rec I1; rec Q1; rec jI; rec jQ; rec I2; rec Q2; rec I2_raw; rec Q2_raw; rec Phase; rec DeltaPhase; rec DeltaPhase_raw; rec alpha; rec alpha_raw; rec Re; rec Im; rec Re_raw; rec Im_raw; rec SmoothPeriod; rec vmama; rec vfama; def CorrectionFactor = Phase_Accumulation(price).CorrectionFactor; if barNumber() <= 5 then { Smooth = 0; Detrender = 0; Period = 0; Period_raw = 0; Period_cap = 0; Period_lim = 0; I1 = 0; Q1 = 0; I2 = 0; Q2 = 0; jI = 0; jQ = 0; I2_raw = 0; Q2_raw = 0; Re = 0; Im = 0; Re_raw = 0; Im_raw = 0; SmoothPeriod = 0; Phase = 0; DeltaPhase = 0; DeltaPhase_raw = 0; alpha = 0; alpha_raw = 0; vmama = 0; vfama = 0; } else { # Smooth and detrend my smoothed signal: Smooth = WMA_Smooth(price); Detrender = ( 0.0962 * Smooth + 0.5769 * Smooth[2] - 0.5769 * Smooth[4] - 0.0962 * Smooth[6] ) * CorrectionFactor; Q1 = ( 0.0962 * Detrender + 0.5769 * Detrender[2] - 0.5769 * Detrender[4] - 0.0962 * Detrender[6] ) * CorrectionFactor; I1 = Detrender[3]; jI = ( 0.0962 * I1 + 0.5769 * I1[2] - 0.5769 * I1[4] - 0.0962 * I1[6] ) * CorrectionFactor; jQ = ( 0.0962 * Q1 + 0.5769 * Q1[2] - 0.5769 * Q1[4] - 0.0962 * Q1[6] ) * CorrectionFactor; # This is the complex conjugate I2_raw = I1 - jQ; Q2_raw = Q1 + jI; I2 = 0.2 * I2_raw + 0.8 * I2_raw[1]; Q2 = 0.2 * Q2_raw + 0.8 * Q2_raw[1]; Re_raw = I2 * I2[1] + Q2 * Q2[1]; Im_raw = I2 * Q2[1] - Q2 * I2[1]; Re = 0.2 * Re_raw + 0.8 * Re_raw[1]; Im = 0.2 * Im_raw + 0.8 * Im_raw[1]; # Compute the phase if Re != 0 and Im != 0 then { Period_raw = 2 * Double.Pi / ATan(Im / Re); } else { Period_raw = 0; } if Period_raw > 1.5 * Period_raw[1] then { Period_cap = 1.5 * Period_raw[1]; } else if Period_raw < 0.67 * Period_raw[1] { Period_cap = 0.67 * Period_raw[1]; } else { Period_cap = Period_raw; } if Period_cap < 6 then { Period_lim = 6; } else if Period_cap > 50 then { Period_lim = 50; } else { Period_lim = Period_cap; } Period = 0.2 * Period_lim + 0.8 * Period_lim[1]; SmoothPeriod = 0.33 * Period + 0.67 * SmoothPeriod[1]; if I1 != 0 then { Phase = ATan(Q1 / I1); } else if Q1 > 0 then { # Quadrant 1: Phase = Double.Pi / 2; } else if Q1 < 0 then { # Quadrant 4: Phase = -Double.Pi / 2; } else { # Both numerator and denominator are 0. Phase = 0; } DeltaPhase_raw = Phase[1] - Phase; if DeltaPhase_raw < 1 then { DeltaPhase = 1; } else { DeltaPhase = DeltaPhase_raw; } alpha_raw = FastLimit / DeltaPhase; if alpha_raw < SlowLimit then { alpha = SlowLimit; } else { alpha = alpha_raw; } vmama = alpha * price + (1 - alpha) * vmama[1]; vfama = 0.5 * alpha * vmama + (1 - 0.5 * alpha) * vfama[1]; } plot MAMA = vmama; plot FAMA = vfama; } #declare upper; input price = hl2; input FastLimit = 0.5; input SlowLimit = 0.05; plot MAMA = Ehler_MAMA(price, FastLimit, SlowLimit).MAMA; MAMA.SetDefaultColor(Color.CYAN); MAMA.SetLineWeight(2); plot FAMA = Ehler_MAMA(price, FastLimit, SlowLimit).FAMA; FAMA.SetDefaultColor(Color.MAGENTA); FAMA.SetLineWeight(2); FAMA.hide(); plot Crossing = Crosses((MAMA < FAMA), yes); Crossing.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); Crossing.SetDefaultColor(Color.LIGHT_GREEN); Crossing.SetLineWeight(3); Crossing.hide(); plot Crossing1 = Crosses((MAMA > FAMA), yes); Crossing1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN); Crossing1.SetDefaultColor(Color.PINK); Crossing1.SetLineWeight(3); Crossing1.hide(); #AddLabel(yes, Concat("MAMA: ", Concat("", #if MAMA > FAMA then "Bull" else "Bear")), #if MAMA > FAMA then Color.GREEN else Color.RED); # McGinley Dynamic Indicator # Mobius # V02.11.2011 # D = D1 + ((I - D1) / ( N * (I/D1)^4)) # where D1= yesterday's Dynamic, I = today's price, N = smoothing factor. input value= close; input length= 20; input Slength = 5; def A1= ExpAverage(value, length)[1]; def MDI = A1 + ((value - A1) / Sqr(value / A1)); plot Data = ExpAverage(MDI, Slength); Data.SetPaintingStrategy(PaintingStrategy.LINE); Data.SetLineWeight(2); #Data.SetDefaultColor(Color.LIGHT_GRAY); def A2 = ExpAverage(value, length*3)[1]; def MDI2 = A2 + ((value - A2) / Sqr(value / A2)); plot Data2 = ExpAverage(MDI2, Slength*3); Data2.DefineColor("Data2_SlopePos", Color.GREEN); Data2.DefineColor("Data2_SlopeNeg", Color.MAGENTA); Data2.AssignValueColor(if Data > Data2 then Data2.Color("Data2_SlopePos") else Data2.Color("Data2_SlopeNeg")); Data2.setlineweight(2); data2.hide(); Data.DefineColor("Data_SlopePos", Color.CYAN); Data.DefineColor("Data_SlopeNeg", Color.RED); Data.AssignValueColor(if Data > Data2 then Data.Color("Data_SlopePos") else Data.Color("Data_SlopeNeg")); data.hide(); plot EMA8 = expaverage(close,8); EMA8.setdefaultcolor(color.DARK_ORANGE); EMA8.setlineweight(2); EMA8.hide(); # End Code ------------ def buySignal = if Data > Data2 and Data[1] <= Data2[1] and expaverage(close,8) > average(close,13) then 1 else 0; def sellSignal = if Data < Data2 and Data[1] >= Data2[1] and expaverage(close,8) < average(close,13) then 1 else 0; plot signal = if buySignal or sellSignal then Data else double.nan; signal.assignValueColor(if buySignal then color.WHITE else color.YELLOW); signal.setLineWeight(5); #signal.SetStyle(curve.points); signal.setpaintingstrategy(paintingStrategy.SQUARES); signal.hide(); # additional plots from yahoo forum input price2 = close; input length2 = 14; input displace = 0; plot WS = WildersAverage(price2[-displace], length2); WS.setDefaultColor(Color.LIGHT_GRAY); WS.setLineWeight(2); input periods = 10; rec _md = compoundValue( 1, _md[1] + (( close - _md[1] ) / ( periods * power( close / _md[1], 4 ) ) ), close ); plot MD = _md; MD.setdefaultcolor(color.CYAN); MD.setlineweight(2); MD.hide(); def buySignal2 = if MD > WS and MD[1] <= WS[1] and expaverage(close,8) > average(close,13) then 1 else 0; def sellSignal2 = if MD < WS and MD[1] >= WS[1] and expaverage(close,85) < average(close,13) then 1 else 0; plot signal2 = if buySignal2 or sellSignal2 then MD else double.nan; signal2.assignValueColor(if buySignal2 then color.WHITE else color.YELLOW); signal2.setLineWeight(5); signal2.SetStyle(curve.points); signal2.hide(); #signal2.setpaintingstrategy(paintingStrategy.SQUARES);
Hope this helps...
Good Luck and Good Trading
@GiantBull You mentioned 3min chart success. Are you using the MAMA_MDI_Combo provided above by @netarchitech (well done!) with default study settings for your 3min chart or different parameter settings?
netarchitech
Well-known member
@QUIKTDR1 :
Good Luck and Good Trading
Code:
# filename: _MAMA_MDI_Combo_Upper_
# Here is Ehler's MAMA:
# hint: <b>Ehler's Mesa Adaptive Moving Average</b> using Ray's clean version
# of the homodyne discriminator.
#
# MIT License
# Copyright (c) <2010> <Radford Juang>
#
#Permission is hereby granted, free of charge, to any person obtaining a copy
#of this software and associated documentation files (the "Software"), to deal
#in the Software without restriction, including without limitation the rights
#to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
#copies of the Software, and to permit persons to whom the Software is
#furnished to do so, subject to the following conditions:
#
#The above copyright notice and this permission notice shall be included in
#all copies or substantial portions of the Software.
#
#THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
#IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
#FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
#AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
#LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
#OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
#THE SOFTWARE.
#
declare upper;
script WMA_Smooth {
input price = hl2;
plot smooth = (4 * price
+ 3 * price[1]
+ 2 * price[2]
+ price[3]) / 10;
}
script Phase_Accumulation {
# This is Ehler's Phase Accumulation code. It has a full cycle delay.
# However, it computes the correction factor to a very high degree.
#
input price = hl2;
rec Smooth;
rec Detrender;
rec Period;
rec Q1;
rec I1;
rec I1p;
rec Q1p;
rec Phase1;
rec Phase;
rec DeltaPhase;
rec DeltaPhase1;
rec InstPeriod1;
rec InstPeriod;
def CorrectionFactor;
if barNumber() <= 5
then {
Period = 0;
Smooth = 0;
Detrender = 0;
CorrectionFactor = 0;
Q1 = 0;
I1 = 0;
Q1p = 0;
I1p = 0;
Phase = 0;
Phase1 = 0;
DeltaPhase1 = 0;
DeltaPhase = 0;
InstPeriod = 0;
InstPeriod1 = 0;
} else {
CorrectionFactor = 0.075 * Period[1] + 0.54;
# Smooth and detrend my smoothed signal:
Smooth = WMA_Smooth(price);
Detrender = ( 0.0962 * Smooth
+ 0.5769 * Smooth[2]
- 0.5769 * Smooth[4]
- 0.0962 * Smooth[6] ) * CorrectionFactor;
# Compute Quadrature and Phase of Detrended signal:
Q1p = ( 0.0962 * Detrender
+ 0.5769 * Detrender[2]
- 0.5769 * Detrender[4]
- 0.0962 * Detrender[6] ) * CorrectionFactor;
I1p = Detrender[3];
# Smooth out Quadrature and Phase:
I1 = 0.15 * I1p + 0.85 * I1p[1];
Q1 = 0.15 * Q1p + 0.85 * Q1p[1];
# Determine Phase
if I1 != 0
then {
# Normally, ATAN gives results from -pi/2 to pi/2.
# We need to map this to circular coordinates 0 to 2pi
if Q1 >= 0 and I1 > 0
then { # Quarant 1
Phase1 = ATan(AbsValue(Q1 / I1));
} else if Q1 >= 0 and I1 < 0
then { # Quadrant 2
Phase1 = Double.Pi - ATan(AbsValue(Q1 / I1));
} else if Q1 < 0 and I1 < 0
then { # Quadrant 3
Phase1 = Double.Pi + ATan(AbsValue(Q1 / I1));
} else { # Quadrant 4
Phase1 = 2 * Double.Pi - ATan(AbsValue(Q1 / I1));
}
} else if Q1 > 0
then { # I1 == 0, Q1 is positive
Phase1 = Double.Pi / 2;
} else if Q1 < 0
then { # I1 == 0, Q1 is negative
Phase1 = 3 * Double.Pi / 2;
} else { # I1 and Q1 == 0
Phase1 = 0;
}
# Convert phase to degrees
Phase = Phase1 * 180 / Double.Pi;
if Phase[1] < 90 and Phase > 270
then {
# This occurs when there is a big jump from 360-0
DeltaPhase1 = 360 + Phase[1] - Phase;
} else {
DeltaPhase1 = Phase[1] - Phase;
}
# Limit our delta phases between 7 and 60
if DeltaPhase1 < 7
then {
DeltaPhase = 7;
} else if DeltaPhase1 > 60
then {
DeltaPhase = 60;
} else {
DeltaPhase = DeltaPhase1;
}
# Determine Instantaneous period:
InstPeriod1 =
-1 * (fold i = 0 to 40 with v=0 do
if v < 0 then
v
else if v > 360 then
-i
else
v + GetValue(DeltaPhase, i, 41)
);
if InstPeriod1 <= 0
then {
InstPeriod = InstPeriod[1];
} else {
InstPeriod = InstPeriod1;
}
Period = 0.25 * InstPeriod + 0.75 * Period[1];
}
plot DC = Period;
}
script Ehler_MAMA {
input price = hl2;
input FastLimit = 0.5;
input SlowLimit = 0.05;
rec Period;
rec Period_raw;
rec Period_cap;
rec Period_lim;
rec Smooth;
rec Detrender;
rec I1;
rec Q1;
rec jI;
rec jQ;
rec I2;
rec Q2;
rec I2_raw;
rec Q2_raw;
rec Phase;
rec DeltaPhase;
rec DeltaPhase_raw;
rec alpha;
rec alpha_raw;
rec Re;
rec Im;
rec Re_raw;
rec Im_raw;
rec SmoothPeriod;
rec vmama;
rec vfama;
def CorrectionFactor = Phase_Accumulation(price).CorrectionFactor;
if barNumber() <= 5
then {
Smooth = 0;
Detrender = 0;
Period = 0;
Period_raw = 0;
Period_cap = 0;
Period_lim = 0;
I1 = 0;
Q1 = 0;
I2 = 0;
Q2 = 0;
jI = 0;
jQ = 0;
I2_raw = 0;
Q2_raw = 0;
Re = 0;
Im = 0;
Re_raw = 0;
Im_raw = 0;
SmoothPeriod = 0;
Phase = 0;
DeltaPhase = 0;
DeltaPhase_raw = 0;
alpha = 0;
alpha_raw = 0;
vmama = 0;
vfama = 0;
} else {
# Smooth and detrend my smoothed signal:
Smooth = WMA_Smooth(price);
Detrender = ( 0.0962 * Smooth
+ 0.5769 * Smooth[2]
- 0.5769 * Smooth[4]
- 0.0962 * Smooth[6] ) * CorrectionFactor;
Q1 = ( 0.0962 * Detrender
+ 0.5769 * Detrender[2]
- 0.5769 * Detrender[4]
- 0.0962 * Detrender[6] ) * CorrectionFactor;
I1 = Detrender[3];
jI = ( 0.0962 * I1
+ 0.5769 * I1[2]
- 0.5769 * I1[4]
- 0.0962 * I1[6] ) * CorrectionFactor;
jQ = ( 0.0962 * Q1
+ 0.5769 * Q1[2]
- 0.5769 * Q1[4]
- 0.0962 * Q1[6] ) * CorrectionFactor;
# This is the complex conjugate
I2_raw = I1 - jQ;
Q2_raw = Q1 + jI;
I2 = 0.2 * I2_raw + 0.8 * I2_raw[1];
Q2 = 0.2 * Q2_raw + 0.8 * Q2_raw[1];
Re_raw = I2 * I2[1] + Q2 * Q2[1];
Im_raw = I2 * Q2[1] - Q2 * I2[1];
Re = 0.2 * Re_raw + 0.8 * Re_raw[1];
Im = 0.2 * Im_raw + 0.8 * Im_raw[1];
# Compute the phase
if Re != 0 and Im != 0
then {
Period_raw = 2 * Double.Pi / ATan(Im / Re);
} else {
Period_raw = 0;
}
if Period_raw > 1.5 * Period_raw[1]
then {
Period_cap = 1.5 * Period_raw[1];
} else if Period_raw < 0.67 * Period_raw[1] {
Period_cap = 0.67 * Period_raw[1];
} else {
Period_cap = Period_raw;
}
if Period_cap < 6
then {
Period_lim = 6;
} else if Period_cap > 50
then {
Period_lim = 50;
} else {
Period_lim = Period_cap;
}
Period = 0.2 * Period_lim + 0.8 * Period_lim[1];
SmoothPeriod = 0.33 * Period + 0.67 * SmoothPeriod[1];
if I1 != 0
then {
Phase = ATan(Q1 / I1);
} else if Q1 > 0
then { # Quadrant 1:
Phase = Double.Pi / 2;
} else if Q1 < 0
then { # Quadrant 4:
Phase = -Double.Pi / 2;
} else { # Both numerator and denominator are 0.
Phase = 0;
}
DeltaPhase_raw = Phase[1] - Phase;
if DeltaPhase_raw < 1
then {
DeltaPhase = 1;
} else {
DeltaPhase = DeltaPhase_raw;
}
alpha_raw = FastLimit / DeltaPhase;
if alpha_raw < SlowLimit
then {
alpha = SlowLimit;
} else {
alpha = alpha_raw;
}
vmama = alpha * price + (1 - alpha) * vmama[1];
vfama = 0.5 * alpha * vmama + (1 - 0.5 * alpha) * vfama[1];
}
plot MAMA = vmama;
plot FAMA = vfama;
}
input price = hl2;
input FastLimit = 0.5;
input SlowLimit = 0.05;
plot MAMA = Ehler_MAMA(price, FastLimit, SlowLimit).MAMA;
MAMA.SetDefaultColor(Color.CYAN);
MAMA.SetLineWeight(2);
#MAMA.hide();
plot FAMA = Ehler_MAMA(price, FastLimit, SlowLimit).FAMA;
FAMA.SetDefaultColor(Color.MAGENTA);
FAMA.SetLineWeight(2);
FAMA.hide();
plot Crossing = Crosses((MAMA < FAMA), yes);
Crossing.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Crossing.SetDefaultColor(Color.LIGHT_GREEN);
Crossing.SetLineWeight(3);
Crossing.hide();
plot Crossing1 = Crosses((MAMA > FAMA), yes);
Crossing1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Crossing1.SetDefaultColor(Color.PINK);
Crossing1.SetLineWeight(3);
Crossing1.hide();
#AddLabel(yes, Concat("MAMA: ", Concat("",
#if MAMA > FAMA then "Bull" else "Bear")),
#if MAMA > FAMA then Color.GREEN else Color.RED);
# McGinley Dynamic Indicator
# Mobius
# V02.11.2011
# D = D1 + ((I - D1) / ( N * (I/D1)^4))
# where D1= yesterday's Dynamic, I = today's price, N = smoothing factor.
input value= close;
input length= 20;
input Slength = 5;
def A1= ExpAverage(value, length)[1];
def MDI = A1 + ((value - A1) / Sqr(value / A1));
plot Data = ExpAverage(MDI, Slength);
Data.SetPaintingStrategy(PaintingStrategy.LINE);
Data.SetLineWeight(2);
#Data.SetDefaultColor(Color.LIGHT_GRAY);
def A2 = ExpAverage(value, length*3)[1];
def MDI2 = A2 + ((value - A2) / Sqr(value / A2));
plot Data2 = ExpAverage(MDI2, Slength*3);
Data2.DefineColor("Data2_SlopePos", Color.GREEN);
Data2.DefineColor("Data2_SlopeNeg", Color.MAGENTA);
Data2.AssignValueColor(if Data > Data2 then Data2.Color("Data2_SlopePos") else Data2.Color("Data2_SlopeNeg"));
Data2.setlineweight(2);
data2.hide();
Data.DefineColor("Data_SlopePos", Color.CYAN);
Data.DefineColor("Data_SlopeNeg", Color.RED);
Data.AssignValueColor(if Data > Data2 then Data.Color("Data_SlopePos") else Data.Color("Data_SlopeNeg"));
data.hide();
plot EMA8 = expaverage(close,8);
EMA8.setdefaultcolor(color.DARK_ORANGE);
EMA8.setlineweight(2);
EMA8.hide();
# End Code ------------
def buySignal = if Data > Data2 and Data[1] <= Data2[1] and expaverage(close,8) > average(close,13) then 1 else 0;
def sellSignal = if Data < Data2 and Data[1] >= Data2[1] and expaverage(close,8) < average(close,13) then 1 else 0;
plot signal = if buySignal or sellSignal then Data else double.nan;
signal.assignValueColor(if buySignal then color.WHITE else color.YELLOW);
signal.setLineWeight(5);
#signal.SetStyle(curve.points);
signal.setpaintingstrategy(paintingStrategy.SQUARES);
signal.hide();
# additional plots from yahoo forum
input price2 = close;
input length2 = 14;
input displace = 0;
plot WS = WildersAverage(price2[-displace], length2);
WS.setDefaultColor(Color.LIGHT_GRAY);
WS.setLineWeight(2);
#WS.hide();
input periods = 10;
rec _md = compoundValue( 1, _md[1] + (( close - _md[1] ) / ( periods *
power( close / _md[1], 4 ) ) ), close );
plot MD = _md;
MD.setdefaultcolor(color.CYAN);
MD.setlineweight(2);
MD.hide();
def buySignal2 = if MD > WS and MD[1] <= WS[1] and expaverage(close,8) > average(close,13) then 1 else 0;
def sellSignal2 = if MD < WS and MD[1] >= WS[1] and expaverage(close,85) < average(close,13) then 1 else 0;
plot signal2 = if buySignal2 or sellSignal2 then MD else double.nan;
signal2.assignValueColor(if buySignal2 then color.WHITE else color.YELLOW);
signal2.setLineWeight(5);
signal2.SetStyle(curve.points);
#signal2.setpaintingstrategy(paintingStrategy.SQUARES);
signal2.hide();Good Luck and Good Trading
The script provided by @QUIKTDR1 is great and what I was looking for. However, I condensed the script and took away the extra indicators that I didn't need so now I only have the MDI, MAMA, and FAMA. I also added a candlestick painting strategy so whenever the MAMA crosses the MDI the candles will switch colors. Here is the code:
#McGinleyIndicator
declare lower;
input periods = 10;
rec _md = CompoundValue( 1, _md[1] + (( close - _md[1] ) / ( periods * Power( close / _md[1], 4 ) ) ), close );
plot MD = _md;
script WMA_Smooth {
input price = hl2;
plot smooth = (4 * price
- 3 * price[1]
- 2 * price[2]
- price[3]) / 10;
script Phase_Accumulation {
# This is Ehler's Phase Accumulation code. It has a full cycle delay.
# However, it computes the correction factor to a very high degree.
#
input price = hl2;
rec Smooth;
rec Detrender;
rec Period;
rec Q1;
rec I1;
rec I1p;
rec Q1p;
rec Phase1;
rec Phase;
rec DeltaPhase;
rec DeltaPhase1;
rec InstPeriod1;
rec InstPeriod;
def CorrectionFactor;
if barNumber() <= 5
then {
Period = 0;
Smooth = 0;
Detrender = 0;
CorrectionFactor = 0;
Q1 = 0;
I1 = 0;
Q1p = 0;
I1p = 0;
Phase = 0;
Phase1 = 0;
DeltaPhase1 = 0;
DeltaPhase = 0;
InstPeriod = 0;
InstPeriod1 = 0;
} else {
CorrectionFactor = 0.075 * Period[1] + 0.54;
# Smooth and detrend my smoothed signal:
Smooth = WMA_Smooth(price);
Detrender = ( 0.0962 * Smooth
+ 0.5769 * Smooth[2]
- 0.5769 * Smooth[4]
- 0.0962 * Smooth[6] ) * CorrectionFactor;
# Compute Quadrature and Phase of Detrended signal:
Q1p = ( 0.0962 * Detrender
+ 0.5769 * Detrender[2]
- 0.5769 * Detrender[4]
- 0.0962 * Detrender[6] ) * CorrectionFactor;
# Smooth out Quadrature and Phase:
I1 = 0.15 * I1p + 0.85 * I1p[1];
Q1 = 0.15 * Q1p + 0.85 * Q1p[1];
# Determine Phase
if I1 != 0
then {
# Normally, ATAN gives results from -pi/2 to pi/2.
# We need to map this to circular coordinates 0 to 2pi
if Q1 >= 0 and I1 > 0
then { # Quarant 1
Phase1 = ATan(AbsValue(Q1 / I1));
} else if Q1 >= 0 and I1 < 0
then { # Quadrant 2
Phase1 = Double.Pi - ATan(AbsValue(Q1 / I1));
} else if Q1 < 0 and I1 < 0
then { # Quadrant 3
Phase1 = Double.Pi + ATan(AbsValue(Q1 / I1));
} else { # Quadrant 4
Phase1 = 2 * Double.Pi - ATan(AbsValue(Q1 / I1));
}
} else if Q1 > 0
then { # I1 == 0, Q1 is positive
Phase1 = Double.Pi / 2;
} else if Q1 < 0
then { # I1 == 0, Q1 is negative
Phase1 = 3 * Double.Pi / 2;
} else { # I1 and Q1 == 0
Phase1 = 0;
}
# Convert phase to degrees
Phase = Phase1 * 180 / Double.Pi;
if Phase[1] < 90 and Phase > 270
then {
# This occurs when there is a big jump from 360-0
DeltaPhase1 = 360 + Phase[1] - Phase;
} else {
DeltaPhase1 = Phase[1] - Phase;
}
# Limit our delta phases between 7 and 60
if DeltaPhase1 < 7
then {
DeltaPhase = 7;
} else if DeltaPhase1 > 60
then {
DeltaPhase = 60;
} else {
DeltaPhase = DeltaPhase1;
}
# Determine Instantaneous period:
InstPeriod1 =
-1 * (fold i = 0 to 40 with v=0 do
if v < 0 then
v
else if v > 360 then
-i
else
v + GetValue(DeltaPhase, i, 41)
);
if InstPeriod1 <= 0
then {
InstPeriod = InstPeriod[1];
} else {
InstPeriod = InstPeriod1;
}
Period = 0.25 * InstPeriod + 0.75 * Period[1];
}
plot DC = Period;
}
script Ehler_MAMA {
input price = hl2;
input FastLimit = 0.5;
input SlowLimit = 0.05;
rec Period;
rec Period_raw;
rec Period_cap;
rec Period_lim;
rec Smooth;
rec Detrender;
rec I1;
rec Q1;
rec jI;
rec jQ;
rec I2;
rec Q2;
rec I2_raw;
rec Q2_raw;
rec Phase;
rec DeltaPhase;
rec DeltaPhase_raw;
rec alpha;
rec alpha_raw;
rec Re;
rec Im;
rec Re_raw;
rec Im_raw;
rec SmoothPeriod;
rec vmama;
rec vfama;
def CorrectionFactor = Phase_Accumulation(price).CorrectionFactor;
if barNumber() <= 5
then {
Smooth = 0;
Detrender = 0;
Period = 0;
Period_raw = 0;
Period_cap = 0;
Period_lim = 0;
I1 = 0;
Q1 = 0;
I2 = 0;
Q2 = 0;
jI = 0;
jQ = 0;
I2_raw = 0;
Q2_raw = 0;
Re = 0;
Im = 0;
Re_raw = 0;
Im_raw = 0;
SmoothPeriod = 0;
Phase = 0;
DeltaPhase = 0;
DeltaPhase_raw = 0;
alpha = 0;
alpha_raw = 0;
vmama = 0;
vfama = 0;
} else {
# Smooth and detrend my smoothed signal:
Smooth = WMA_Smooth(price);
Detrender = ( 0.0962 * Smooth
+ 0.5769 * Smooth[2]
- 0.5769 * Smooth[4]
- 0.0962 * Smooth[6] ) * CorrectionFactor;
Q1 = ( 0.0962 * Detrender
+ 0.5769 * Detrender[2]
- 0.5769 * Detrender[4]
- 0.0962 * Detrender[6] ) * CorrectionFactor;
jI = ( 0.0962 * I1
+ 0.5769 * I1[2]
- 0.5769 * I1[4]
- 0.0962 * I1[6] ) * CorrectionFactor;
jQ = ( 0.0962 * Q1
+ 0.5769 * Q1[2]
- 0.5769 * Q1[4]
- 0.0962 * Q1[6] ) * CorrectionFactor;
# This is the complex conjugate
I2_raw = I1 - jQ;
Q2_raw = Q1 + jI;
I2 = 0.2 * I2_raw + 0.8 * I2_raw[1];
Q2 = 0.2 * Q2_raw + 0.8 * Q2_raw[1];
Re_raw = I2 * I2[1] + Q2 * Q2[1];
Im_raw = I2 * Q2[1] - Q2 * I2[1];
Re = 0.2 * Re_raw + 0.8 * Re_raw[1];
Im = 0.2 * Im_raw + 0.8 * Im_raw[1];
# Compute the phase
if Re != 0 and Im != 0
then {
Period_raw = 2 * Double.Pi / ATan(Im / Re);
} else {
Period_raw = 0;
}
if Period_raw > 1.5 * Period_raw[1]
then {
Period_cap = 1.5 * Period_raw[1];
} else if Period_raw < 0.67 * Period_raw[1] {
Period_cap = 0.67 * Period_raw[1];
} else {
Period_cap = Period_raw;
}
if Period_cap < 6
then {
Period_lim = 6;
} else if Period_cap > 50
then {
Period_lim = 50;
} else {
Period_lim = Period_cap;
}
Period = 0.2 * Period_lim + 0.8 * Period_lim[1];
SmoothPeriod = 0.33 * Period + 0.67 * SmoothPeriod[1];
if I1 != 0
then {
Phase = ATan(Q1 / I1);
} else if Q1 > 0
then { # Quadrant 1:
Phase = Double.Pi / 2;
} else if Q1 < 0
then { # Quadrant 4:
Phase = -Double.Pi / 2;
} else { # Both numerator and denominator are 0.
Phase = 0;
}
DeltaPhase_raw = Phase[1] - Phase;
if DeltaPhase_raw < 1
then {
DeltaPhase = 1;
} else {
DeltaPhase = DeltaPhase_raw;
}
alpha_raw = FastLimit / DeltaPhase;
if alpha_raw < SlowLimit
then {
alpha = SlowLimit;
} else {
alpha = alpha_raw;
}
vmama = alpha * price + (1 - alpha) * vmama[1];
vfama = 0.5 * alpha * vmama + (1 - 0.5 * alpha) * vfama[1];
}
plot MAMA = vmama;
plot FAMA = vfama;
}
input price = hl2;
input FastLimit = 0.5;
input SlowLimit = 0.05;
plot MAMA = Ehler_MAMA(price, FastLimit, SlowLimit).MAMA;
plot FAMA = Ehler_MAMA(price, FastLimit, SlowLimit).FAMA;
plot Crossing = Crosses((MAMA < FAMA), yes);
Crossing.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
plot Crossing1 = Crosses((MAMA > FAMA), yes);
Crossing1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
assignpriceColor(if MAMA > MD then color.light_green else color.red);
As you said its pretty obvious. I am just trading reversals using support and resistance however everyone has there own way of trading reversals. I like to use a momentum indicator such as the TMO to see if the trend is exhausted and is looking to reverse. One thing I noticed with this indicator is that it keeps you away from false breakouts. Play around with the parameters and you will see. This combo is pretty surprising as I believe the signals are more accurate than the confirmation candles indicator posted on here which has up to 15 indicators. However combining just these 2 will give you similar and even better results.
getting error with this script, can you share the charts with me? thanks in advance, really like your idea with the indicator
thank you very much, works great.
Would love to hear feedback!
Thanks so much, I sincerely appreciate it! I'll watch it for a few days.
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