Home Download

Indicators

In principle, observing the indicator chart is the same as observing the price chart. So observations such as trend lines, elasticity and crossover will also be found. What is slightly different is the indicators in the oscillator group, in this group there is also a comparison of indicator values to the scale used. For now, in this software there are 7 indicators. Of course this software will continue to be developed, the seven indicators get priority, because the indicators are very well known and easy to learn, availability of sufficient literature. The seven indicators are grouped into 2 groups, namely trend indicators and oscillator indicators. Trend indicators consist of Moving Averages ( MA ) and Bollinger Bands ( BB ). While the oscillator indicators consist of the Relative Strength Index ( RSI ), Commodity Channel Index ( CCI ), William %R ( WPR ), Moving Average Convergence Divergence ( MACD ) and Stochastic ( STO ).

 1 

There are five parts to the indicator filter

1. Moving Average ( MA )

Moving average is one of the commonly used indicators, that's why we place it as the highest priority for the completeness of this software algorithm. It is almost certain that every trader is familiar with this indicator. In fact, several other indicators are derivatives of this indicator.

 2 

A. Moving Average Chart

 3 

B. Moving Average Parameters Input

As you can see in figure B, the input parameters in the Moving Average are very similar to when we input the parameters in the "Trend Filter". There are only a few differences, such as the main parameters for the MA indicator, namely Period, Method and Shift. The "Triangle Ratios" section is also different, this is because on the MA there is only one price line. Also in this section, indicators can be compared with pre-existing trends

 4 

C. Price vs Indicator

Filter to determine the price position against the Moving Average indicator line

 5 

D. Price Trend vs Indicator

As when we compare 2 price trends, the same will apply to the comparison between the trend and the MA indicator.

2. Double Moving Average ( MA2 )

As the name suggests, this indicator is two MA indicators aligned. To obtain the filter results, the two are then compared. The comparison variable is the same when we compare 2 price trends.

 6 

A. Double Moving Average Chart

 7 

B. Double Moving Average Parameters Input

3. Bolinger Bands ( BB )

Bollinger Bands are actually Moving Average lines that are deviated so that they produce 3 lines. Each is named the Upper Band which is the top line, then the Middle Band is the line in the middle and the lower line is called the Lower Band.

 8 

A. Bollinger Bands on the chart

 9 

B. Bollinger Bands Parameters Input

Like the Moving Average, the Bollinger Bands input parameters are the same. Both are indeed trend indicators, what will be explained here are those that were not previously included in the explanation of the Moving Average indicator.

 10 

Bands vs Candlestick

This feature is used to filter price positions against the Upper Band, Lower Band or Middle Band

 11 

Bands vs Moving Average

This feature is used to filter the position and conditions of the Moving Average compared to the Bolinger Band. Positions can be above or below the band, wide or narrow conditions, or an intersection occurs.

 12 

Bands vs Trend

This feature is used to filter previously created Price trend positions and conditions. The filter can be in the form of crossing or not both the band line and the trend line

4. Relative Strength Index ( RSI ), Commodity Channel Index ( CCI ) and William %R ( WPR )

These three indicators are similar, except for the different scale values. Therefore all three are discussed together.

 13 

A. Indicators Chart

Input Parameters :

 14 

B. Relative Strength Index

 15 

C. Commodity Channel Index

 16 

D. William %R

 17 

.E. Indicators vs Price Trend

 18 

F. Filter the Indicator Value position on the Scale

5. Moving Average Convergence Divergence (MACD)

 19 

.A. MACD Chart

 20 

B. MACD Parameters Input

 21 

C. Value Histogram and Signal by Index

 22 

D. Comparison Value Histogram vs Signal by Index

 23 

E. Comparison Trend MACD vs Trend Price (Convergen/Divergen)

6. Stochastic

 24 

.A. Stochastic Chart

 25 

B. Stochastic Parameters Input

 26 

C. Value %K and %D by Index

 27 

D. Comparison Value %K vs %D by Index

 28 

E. Stochastic Trend vs Price Trend