A Series Of Indicators Used As One

AIQ SYSTEMS, KELTNER CHANNELS, CCI, AND COLOR-CODED PRICE BARS. Here’s a sample chart of Noble Energy with the TMV indicators.

The AIQ code and EDS file based on is provided at www.TradersEdgeSystems.com/traderstips.htm. The code is also shown below

!TRADE BREAKOUTS AND RETRACEMENTS WITH TMV

!Author: Barbara Star,PhD, TASC February 2012

!Coded by: Richard Denning 12/9/2011

!www.TradersEdgeSystems.com

!CODING ABREVIATIONS:

C is [close].

C1 is valresult(C,1).

O is [open].

H is [high].

L is [low].

H1 is valresult(H,1).

L1 is valresult(L,1).

V is [volume].

!KELTNER CHANNEL

!INPUT:

keltLen is 20.

!KELTNER CHANNEL UDFs:

typ is (H+L+C)/3.

rangeAvg is simpleavg(H-L,keltLen).

!Plot the following three functions on price chart

!as three separte indicators:

midKelt is simpleavg(typ,keltLen).

upperKelt is midKelt + rangeAvg.

lowerKelt is midKelt – rangeAvg.

!ADX

!INPUT:

WilderLen is 10.

!NOTE: Wilder to expontential averaging the formula is:

!Wilder length * 2 -1 = exponential averaging length

!USED FOR DMI, ATR, ADX, ADX RATE

avgLen is WilderLen * 2 – 1.

!AVERAGE TRUE RANGE:

TR is Max(H-L,max(abs(C1-L),abs(C1-H))).

ATR is expAvg(TR,avgLen).

ATRpct is expavg(TR / C,avgLen) * 100.

!+DM -DM CODE:

rhigh is (H-H1).

rlow is (L1-L).

DMplus is iff(rhigh > 0 and rhigh > rlow, rhigh, 0).

DMminus is iff(rlow > 0 and rlow >= rhigh, rlow, 0).

AvgPlusDM is expAvg(DMplus,avgLen).

AvgMinusDM is expavg(DMminus,avgLen).

!DMI CODE:

PlusDMI is (AvgPlusDM/ATR)*100. !PLOT (2 lines)

MinusDMI is AvgMinusDM/ATR*100. !PLOT (2 lines).

DirMov is PlusDMI – MinusDMI.

DirMovAIQ is [dirMov].

!ADX INDICATOR as defined by Wells Wilder

!PLOT DIdiff as historigram is same as DirMov (AIQ built in indicator):

DIdiff is PlusDMI-MinusDMI.

ZERO if PlusDMI = 0 and MinusDMI =0.

DIsum is PlusDMI+MinusDMI.

DX is iff(ZERO,100,abs(DIdiff)/DIsum*100).

!PLOT ADX as single line indicator with support at 24:

ADX is expavg(DX,avgLen).

!VOLUME OSCILLATOR:

!INPUTS:

volLen1 is 1.

volLen2 is 20.

pctChgLvl is 50.

!VOLUME OSCILLATOR UDFs:

volAvg1 is simpleavg(V,volLen1).

volAvg2 is simpleavg(V,volLen2).

pctChgV is (volAvg1 / volAvg2 -1) * 100.

volOsc is iff(abs(pctChgV)>pctChgLvl,1,0). !PLOT

!CCI INDICATOR:

!INPUTS:

cciLen is 13.

!CCI UDFs:

typAvg is simpleavg(typ,cciLen).

absdiff is abs(typ-typAvg).

sumD is sum(absdiff,cciLen)/ cciLen.

CCI is (typ – typAvg) / (0.015 * sumD). !PLOT WITH +100 -100 LINES

!COLOR BAR RULES:

!INPUT:

trndLen is 8.

Green if ADX > valresult(ADX,1) and C > simpleavg(C,trndLen).

Red if ADX > valresult(ADX,1) and C < simpleavg(C,trndLen).

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