YungTrader's Ultimate Indicator

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@KKaiser and @sniktau here is a application of hurst exponent that I've been able to come up with. Similar to the fe study I made I utilized multiple lengths of the he to create a wave that can give you a picture of multiple lookbacks. @sniktau you did something very similar on your chart except I changed the high and low values all to the current bar and focused on shorter lengths. This is the filter we needed in this strategy to filter out times the fe was wrong.

Here is a long example with he and fe
I put circles over arrows with contradicting fe or he readings.
And here is a short example

It seems to be a perfect combo with fe for the ultimate volatility confirmation.
Unlike fe I can't get a consistent reading in my mind of it just by looking at price action which I feel makes it valuable. With fe if you gave me a chart to look at I'd be able to tell you the general fe move, it's different with he. Enjoy, hopefully this adds to the power of my strategy.


Lastly if you can't see for yourself you're looking for a puch up of the he and a push down of fe regardless of direction.
Here's the code
I'll implement coded colors later for the lines but for now you can do it manually.

Code:
input length2 = 5;
input length3 = 7;
input length4 = 9;
input length5 = 11;
input length6 = 13;
input length7 = 15;

input averageType = AverageType.EXPONENTIAL;
input lengthave =2;

def ll2 = Lowest(low, length2);
def hh2 = Highest(high, length2);
def atr2 = MovingAverage(averageType, TrueRange(high, close, low), length2);
def tmp_H2 = (Log(hh2 - ll2) - Log(atr2)) / (Log(length2));

plot H2;
if tmp_H2 > 1
then {
    H2 = 1;
} else if tmp_H2 < 0 {
    H2 = 0;
} else {
    H2 = tmp_H2;
}
def ll3 = Lowest(low, length3);
def hh3 = Highest(high, length3);
def atr3 = MovingAverage(averageType, TrueRange(high, close, low), length3);
def tmp_H3 = (Log(hh3 - ll3) - Log(atr3)) / (Log(length3));

plot H3;
if tmp_H3 > 1
then {
    H3 = 1;
} else if tmp_H3 < 0 {
    H3 = 0;
} else {
    H3 = tmp_H3;
}

def ll4 = Lowest(low, length4);
def hh4 = Highest(high, length4);
def atr4 = MovingAverage(averageType, TrueRange(high, close, low), length4);
def tmp_H4 = (Log(hh4 - ll4) - Log(atr4)) / (Log(length4));

plot H4;
if tmp_H4 > 1
then {
    H4 = 1;
} else if tmp_H4 < 0 {
    H4 = 0;
} else {
    H4 = tmp_H4;
}

def ll5 = Lowest(low, length5);
def hh5 = Highest(high, length5);
def atr5 = MovingAverage(averageType, TrueRange(high, close, low), length5);
def tmp_H5 = (Log(hh5 - ll5) - Log(atr5)) / (Log(length5));

plot H5;
if tmp_H5 > 1
then {
    H5 = 1;
} else if tmp_H5 < 0 {
    H5 = 0;
} else {
    H5 = tmp_H5;
}

def ll6 = Lowest(low, length6);
def hh6 = Highest(high, length6);
def atr6 = MovingAverage(averageType, TrueRange(high, close, low), length6);
def tmp_H6 = (Log(hh6 - ll6) - Log(atr6)) / (Log(length6));

plot H6;
if tmp_H6 > 1
then {
    H6 = 1;
} else if tmp_H6 < 0 {
    H6 = 0;
} else {
    H6 = tmp_H6;
}

def ll7 = Lowest(low, length7);
def hh7 = Highest(high, length7);
def atr7 = MovingAverage(averageType, TrueRange(high, close, low), length7);
def tmp_H7 = (Log(hh7 - ll7) - Log(atr7)) / (Log(length7));

plot H7;
if tmp_H7 > 1
then {
    H7 = 1;
} else if tmp_H7 < 0 {
    H7 = 0;
} else {
    H7 = tmp_H7;
}


plot high = .6;
plot low = .4;
 
Decided to do a premarket list along with one mid day after open since i missed plays like pdd (300%er)

LONGS
*BMY (held up strong despite heavy selloff eod)
higher period FEs curling over along with the HE working their way up
(long if market is strong)
OKE (same deal)
*SFIX (intraday option scalp as terrible r:R for swing)
if market doesnt hold up for short..
SHORTS
*fdx short (intraday option scalp as nearing support)
ntr (VERY nice R;R) good to hold, as this has a lot of room to fall if market doesnt hold
cog short
tPR (broke down, has lots of gaps to fill to the downside)

* = intraday option plays (risky, gotta have good entries)


EDIIT [long] : SFIX 100% (played the bounce off the 5min 200 SMA and closed at pmh)
BMY[long] : 72% (got in after it couldnt break pml)
HD[short]: (got in short right after the big red candle cuz fomo, went against me but i hodled (stop was at 5 minute 50 SMA, it worked its way up there but it couldnt break so i doubled down on my short) [still down but its going my way now])

EDIT: now green on the HD (😎 )
 
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