TripleFunctionIndicator (TFI)

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

  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

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  //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

   

  

  Zigo

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  02/06/2020 at 5:42 PM #118857
  Zigo

  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.

  1 user thanked author for this post.

  Razz

  

  Zigo

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

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

  

  Zigo

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

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

   

   

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  Razz

  

  Sofitech

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

  @Sofitech,

  TP

  

  Zigo

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