Jeffrey Kennedy Trend Analyzer

Lighthouse · Sun, 30 Apr 2017 17:38:41 +0000

Help needed to translate to PRT In brief it is built using Williams%R, 5 period or 10 period or 15 period, calculated on (ExponentialMovingAverage[5]-ExponentialMovingAverage[20]) I cannot do it…. it gives me error or, anyway, not what is shown below from: http://indexswingtrader.blogspot.it/2012/05/so-you-think-you-can-count-but-can-you.html Followers of R.N. Elliott do count waves. This week Pretzel Logic’s Market Charts and Analysis (see blogroll) published a two part Introduction on understanding Elliott Wave Theory. After reading that 101 on counting waves, a handy tool for counting waves and thus analyzing the wave structure would come in handy, right? It happens some years ago Elliott Wave International’s chief commodity analyst and “Futures Junctures Service” editor Jeffrey Kennedy” presented his Trend Analyzing Tool in a webinar. On Tuesday, 22 December 2009, EWI disclosed the formula to the public on their website. JK Fast Line measures the most immediate, near-term progression of a market’s trend and smallest degree of the Elliott wave structure. JK Base Line measures the intermediate progression of a market’s trend. JK Slow Line (not show on screen shot) measures the long-term progression of a market’s trend. In the original JK_TA each panel of the indicator consists of three lines: a 5-period %R, a 10-period %R and a 15-period %R of the line concerned. A reading of 100 indicates an uptrend. A reading of 0 indicates a downtrend. The JK TA as such is as a proxy for clarifying the underlying Elliott wave structure: When all three lines in any version are flatlining (blended into one), it signals an impulsive, or motive, structure. See the blue lines in screen shot. On the other hand, anytime you see the three lines separate, it’s a strong signal that the market is yielding a countertrend, or corrective pattern. The JK_TA can be used on any instrument and on any time frame: The first, second and third chart depict the basic indicator for different time frames. The fourth chart shows a custom variant of JK_TA: the Fast, Base and Slow lines packed together in one panel, selectable by the 5%R, 10%R or 15%R version of the three indicators. Anyone needing help in counting waves can download the thinkscript studies from the comment section. While the default settings are 5 and 20, these may be adjusted to ones preferences. Ready? Start counting! The indicator is based on Williams%R, which is provided in the TOS studies set. The default settings are three different Williams%R lines, each calculated for a Fast: (20-period exponential moving average) substracted from (5-period exponential moving average) Base: (5-period exponential moving average) Slow: (20-period exponential moving average) # Jeffrey Kennedy's Trend Analyzer Tool - JK_TA # Original by Jeffrey Kennedy/Elliott Wave Internatial Inc. # as presented on Tue, 22 December 2009 on www.elliottwave.com # # thinkscript by TrendXplorer # website: www.trendxplorer.info # e-mail: trendxplorer@gmail.com # Revised: May 29, 2012 #hint:Jeffrey Kennedy's Trend Analyzer ToolnWhen all three lines in any version are flatlining as one, it signals an impulsive, or motive, structure.nAnytime the three lines separate, it's a strong signal that the market is yielding a countertrend, or corrective, pattern. #hint setting: select Fast, Base or Slow version of the 5-period %R, 10-period %R and 15-period %R settings for the JFTA_5, JFTA_10 and JFTA_15 lines. # # --- script begin ---- # declare lower; input setting = {FAST, default BASE, SLOW}; input price = close; input fastLength = 5; input slowLength = 20; def value; def color; switch (setting) { case FAST: value = ExpAverage(close, fastLength) - ExpAverage(close, slowLength); color = 1; case BASE: value = ExpAverage(close, fastLength); color = 2; case SLOW: value = ExpAverage(close, slowLength); color = 3; } # Original Williams%R calculation by TD Ameritrade IP Company, Inc. (c) 2007-2012 def hv5 = Highest(value, 5); def lv5 = Lowest(value, 5); plot JKTA_5 = if hv5 == lv5 then 0 else ((hv5 - value) / (hv5 - lv5) * (-100) + 100); def hv10 = Highest(value, 10); def lv10 = Lowest(value, 10); plot JKTA_10 = if hv10 == lv10 then 0 else ((hv10 - value) / (hv10 - lv10) * (-100) + 100); def hv15 = Highest(value, 15); def lv15 = Lowest(value, 15); plot JKTA_15 = if hv15 == lv15 then 0 else ((hv15 - value) / (hv15 - lv15) * (-100) + 100); JKTA_15.SetDefaultColor(GetColor(9)); JKTA_15.SetLineWeight(3); JKTA_15.SetStyle(curve.firm); JKTA_15.AssignValueColor(if color==1 then color.magenta else if color==2 then color.cyan else color.green); JKTA_10.SetDefaultColor(GetColor(9)); JKTA_10.SetLineWeight(1); JKTA_10.SetStyle(curve.firm); JKTA_10.AssignValueColor(if color==1 then color.magenta else if color==2 then color.cyan else color.green); JKTA_5.SetDefaultColor(GetColor(9)); JKTA_5.SetLineWeight(1); JKTA_5.SetStyle(curve.short_dash); JKTA_5.AssignValueColor(if color==1 then color.magenta else if color==2 then color.cyan else color.green); plot line50 = 50; plot line0 = 0; plot line100 = 100; line50.SetDefaultColor(GetColor(7)); line50.SetLineWeight(1); line50.SetStyle(curve.firm); line0.SetDefaultColor(GetColor(7)); line0.SetLineWeight(1); line0.SetStyle(curve.short_dash); line100.SetDefaultColor(GetColor(7)); line100.SetLineWeight(1); line100.SetStyle(curve.short_dash); # # --- script end ---- # ********************************************************** # Jeffrey Kennedy's Trend Analyzer Tool - JK_TA_Combo # Original by Jeffrey Kennedy/Elliott Wave Internatial Inc. # as presented on Tue, 22 December 2009 on www.elliottwave.com # # thinkscript by TrendXplorer # website: www.trendxplorer.info # e-mail: trendxplorer@gmail.com # Revised: May 29, 2012 #hint:Jeffrey Kennedy's Trend Analyzer Tool Combined versionnWhen all three lines in any version are flatlining as one, it signals an impulsive, or motive, structure.nAnytime the three lines separate, it's a strong signal that the market is yielding a countertrend, or corrective, pattern. #hint setting %R: select 5-period %R, 10-period %R or 15-period %R as settings for the JFTA_Slow, JFTA_Base and JFTA_Base lines. # # --- script begin ---- # declare lower; input price = close; input setting_R = {"5", "10", default "15"}; input fastLength = 5; input slowLength = 20; def period; switch (setting_R) { case "5": period = 5; case "10": period = 10; case "15": period = 15; } def fast = ExpAverage(close, fastLength) - ExpAverage(close, slowLength); def base = ExpAverage(close, fastLength); def slow = ExpAverage(close, slowLength); # Original Williams%R calculation by TD Ameritrade IP Company, Inc. (c) 2007-2012 def hs = Highest(slow, period); def ls = Lowest(slow, period); plot JKTA_Slow = if hs == ls then 0 else ((hs - slow) / (hs - ls) * (-100) + 100); JKTA_Slow.SetDefaultColor(GetColor(6)); JKTA_Slow.SetLineWeight(2); JKTA_Slow.SetStyle(curve.firm); def hb = Highest(base, period); def lb = Lowest(base, period); plot JKTA_Base = if hb == lb then 0 else ((hb - base) / (hb - lb) * (-100) + 100); JKTA_Base.SetDefaultColor(GetColor(1)); JKTA_Base.SetLineWeight(2); JKTA_Base.SetStyle(curve.firm); def hf = Highest(fast, period); def lf = Lowest(fast, period); plot JKTA_Fast = if hf == lf then 0 else ((hf - fast) / (hf - lf) * (-100) + 100); JKTA_Fast.SetDefaultColor(GetColor(0)); JKTA_Fast.SetLineWeight(2); JKTA_Fast.SetStyle(curve.firm); plot line50 = 50; plot line0 = 0; plot line100 = 100; line50.SetDefaultColor(GetColor(7)); line50.SetLineWeight(1); line50.SetStyle(curve.firm); line0.SetDefaultColor(GetColor(5)); line0.SetLineWeight(1); line0.SetStyle(curve.short_dash); line100.SetDefaultColor(GetColor(6)); line100.SetLineWeight(1); line100.SetStyle(curve.short_dash); # # --- script end ---- #

This topic has 32 replies, 9 voices, and was last updated 4 years ago by Meta Signals Pro.

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06/12/2020 at 4:53 PM #135778

Razz

Hello Zigo

Can you please provide the ITF of your version?

thank you

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Razz

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06/16/2020 at 3:10 PM #136166

Zigo

Hello, I have tried to undo the whirl of lines in the JKCombo indicator. I have three proposals to unwind the whirl.(I don’t know of the word “whirl” sais what I want to say)

The initial code is respected, till line 97 of the original. There are added three different additions (see attachents).

Zigo

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06/16/2020 at 3:13 PM #136169

Zigo

// from line 99 till end 118. I added my famous sin(atan) principle
// Zigo's vieuw:
if(JKFast5 +jkslow5 +JKTa5) =300 then
JK1 = 1
elsif (JKFast5 +jkslow5 +JKTa5)<150 then
JK1=-1
endif
 
if(JKFast10 +jkslow10 +JKTa10) =300 then
JK2=1
elsif (JKFast10 +jkslow10 +JKTa10)<150 then
JK2=-1
endif
 
if(JKFast15 +jkslow15 +JKTa15) =300 then
JK3=1
elsif (JKFast15 +jkslow15 +JKTa15)<150 then
JK3=-1
endif
JK = sin(atan(JK1 +JK2 +JK3))
JKTotal= JK-JK[1]
if JKTotal >-0.25 and JKTotal <0.25 then
JKTotal =0
endif

Return jkTotal

// from line 99 till end 118. I added my famous sin(atan) principle

// Zigo's vieuw:

if(JKFast5 +jkslow5 +JKTa5) =300 then

JK1 = 1

elsif (JKFast5 +jkslow5 +JKTa5)<150 then

JK1=-1

endif

if(JKFast10 +jkslow10 +JKTa10) =300 then

JK2=1

elsif (JKFast10 +jkslow10 +JKTa10)<150 then

JK2=-1

endif

if(JKFast15 +jkslow15 +JKTa15) =300 then

JK3=1

elsif (JKFast15 +jkslow15 +JKTa15)<150 then

JK3=-1

endif

JK = sin(atan(JK1 +JK2 +JK3))

JKTotal= JK-JK[1]

if JKTotal >-0.25 and JKTotal <0.25 then

JKTotal =0

endif

Return jkTotal

Zigo

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Topics: 24

Replies: 343

Been thanked: 63 times

06/16/2020 at 3:14 PM #136170

Zigo

// from line 99 till end 118. I added my famous sin(atan) principle
// Zigo's vieuw:

if (JKFast5 +jkfast10 +JKfast15) >=150 then
JK1 = 1
elsif (JKFast5 +jkfast10 +JKfast15) <150 then
JK1=-1
endif

if (JKSlow5 +jkslow10 +JKslow15) >=150 then
JK2=1
elsif (JKSlow5 +jkslow10 +JKslow15) <150 then
JK2=-1
endif

if (JKTa5 +jkTa10 +JKTa15) >=150 then
JK3=1
elsif (JKTa5 +jkTa10 +JKTa15) <150 then
JK3=-1
endif
JK = sin(atan(JK1 +JK2 +JK3))
JKTotal= JK-JK[1]
if JKTotal > -0.25 and JKTotal <0.25 then
JKTotal =0
endif
Return jkTotal

// from line 99 till end 118. I added my famous sin(atan) principle

// Zigo's vieuw:

if (JKFast5 +jkfast10 +JKfast15) >=150 then

JK1 = 1

elsif (JKFast5 +jkfast10 +JKfast15) <150 then

JK1=-1

endif

if (JKSlow5 +jkslow10 +JKslow15) >=150 then

JK2=1

elsif (JKSlow5 +jkslow10 +JKslow15) <150 then

JK2=-1

endif

if (JKTa5 +jkTa10 +JKTa15) >=150 then

JK3=1

elsif (JKTa5 +jkTa10 +JKTa15) <150 then

JK3=-1

endif

JK = sin(atan(JK1 +JK2 +JK3))

JKTotal= JK-JK[1]

if JKTotal > -0.25 and JKTotal <0.25 then

JKTotal =0

endif

Return jkTotal

Zigo

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Topics: 24

Replies: 343

Been thanked: 63 times

06/16/2020 at 3:15 PM #136171

Zigo

JKF1=summation[a1](JKFast5)/a1
JKF2=summation[a2](JKFast10)/a2
JKF3=summation[a3](JKFast15)/a3
JKTA1=summation[a1](JKTA5)/a1
JKTA2=summation[a2](JKTA10)/a2
JKTA3=summation[a3](JKTA15)/a3
JKSl1=summation[a1](JKSlow5)/a1
JKSl2=summation[a2](JKSlow10)/a2
JKSL3=summation[a3](JKSlow15)/a3

JKSum1=(jkf1+jkf2+jkf3)/3
jksum2=(jkta1+jkta2+jkta3)/3
jksum3=(jksl1+jksl2+jksl3)/3

if jksum1 > 50 then
F=1
else
F=-1
endif
if jksum2 > 50 then
TA= 1
else
TA=-1
endif
if jksum3 > 50 then
Sl=1
else
sl=-1
endif
sign= sin(atan(F+TA+ Sl))
JefferyKennedy=sign-sign[1]

Return sign,JefferyKennedy, 0

JKF1=summation[a1](JKFast5)/a1

JKF2=summation[a2](JKFast10)/a2

JKF3=summation[a3](JKFast15)/a3

JKTA1=summation[a1](JKTA5)/a1

JKTA2=summation[a2](JKTA10)/a2

JKTA3=summation[a3](JKTA15)/a3

JKSl1=summation[a1](JKSlow5)/a1

JKSl2=summation[a2](JKSlow10)/a2

JKSL3=summation[a3](JKSlow15)/a3

JKSum1=(jkf1+jkf2+jkf3)/3

jksum2=(jkta1+jkta2+jkta3)/3

jksum3=(jksl1+jksl2+jksl3)/3

if jksum1 > 50 then

F=1

else

F=-1

endif

if jksum2 > 50 then

TA= 1

else

TA=-1

endif

if jksum3 > 50 then

Sl=1

else

sl=-1

endif

sign= sin(atan(F+TA+ Sl))

JefferyKennedy=sign-sign[1]

Return sign,JefferyKennedy, 0

Zigo

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06/16/2020 at 5:21 PM #136181

Razz

@ Ziggo can you please add the ITF – File for 123JKcombo (Z3.0) can’t get your files to display, variables are missing?
thank you

Razz

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06/16/2020 at 8:30 PM #136192

Zigo

Of course.

once a1=5
once a2=10
once a3=15

Of course.

once a1=5

once a2=10

once a3=15

1 user thanked author for this post.

Razz

Zigo

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06/16/2020 at 8:40 PM #136193

Zigo

@Razzzz

The name is ” Zigo” not ‘Ziggo’

Zigo

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06/17/2020 at 4:25 AM #136212

Razz

Sorry 😉

Razz

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06/17/2020 at 4:55 PM #136284

Zigo

The Jeffery Kennedy appoach is so beautiful that I will share the picture that I see on my Multiple screen.

I’ll show you the multiple timeframes vieuw that I see all day. As you can see time is always express in seconds, the unit of time.

Zigo

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06/17/2020 at 5:46 PM #136289

Zigo

Red are the fast lines , bleu TA lines and green the slow lines

Zigo

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06/17/2020 at 6:05 PM #136292

Lifen

Hello Zigo,

How do you use this indicator for taking trade ?

By the way, you seem very professionnal, what is the best indicator you are using for your daily trading if you want to share ?

Thanks

Lifen

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06/17/2020 at 8:07 PM #136303

Zigo

It isn’t so important which indicator you use, more important are the rules that you handle with each indicator, I try to determine the rules that fit with the specific indicator.

There are so many suitable indicators.

The best traders are those who follow the predetermined rules of that indicator.

What I experiance is that not the best indicators, but the one who is the best sleeper.

Zigo

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Replies: 343

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06/17/2020 at 8:14 PM #136305

Zigo

The best sleeper takes 538 pips the best indicator 2 pips. (See attachement)

Zigo

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06/17/2020 at 8:42 PM #136310

Lifen

Thanks Zigo for your reply and I fully agree with you.

Which indicator is the one on your dow screen ?

Lifen

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