ChrisMoody

CM_Laguerre PPO PercentileRank Mkt Tops & Bottoms

Custom Code that Finds Market Tops & Bottoms!!!

CM_Laguerre PPO PercentileRank V2 Mkt Tops & Bottoms

Original Laguerre PPO code was Created by TheLark.
Special Thanks to coondawg71 and ChartArt for Great Insights

This Is Version 2 Of This Indicator that now Finds Market Tops and Bottoms.

Coming Next…Upper Indicator Pinpointing Entries Based on Price Action!!!

See Original Post Below For Detailed Information.


Other Indicators That Show Market Bottoms Well.

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GREAT CONFIRMING INDICATOR FOR THE WILLIAMS VIX FIX

TWO TRADING SYSTEMS - BASED ON EXTREME MOVES!!!
Favori Komutlardan Çıkart Favori Komutlara Ekle
//Created by ChrisMoody on 11/03/2014...Original PPO Code Created by TheLark
//Thanks to coondawg71 and ChartArt for Great Insights
//Great for Spotting Tops & Bottoms.
study(title = "CM_Laguerre PPO PercentileRank Mkt Tops & Bottoms", shorttitle="CM_Laguerre PPO PctRank Tops-Bottoms", overlay=false, precision=1)
pctile = input(90, title="Percentile Threshold Extreme Value, Exceeding Creates Colored Histogram")
wrnpctile = input(70, title="Percentile Threshold Warning Value, Exceeding Creates Colored Histogram")
Short = input(0.4, title="PPO Setting")
Long = input(0.8, title="PPO Setting")
lkbT = input(200,title="Look Back Period For 'Tops' Percent Rank is based off of?")
lkbB = input(200,title="Look Back Period For 'Bottoms' Percent Rank is based off of?")
sl=input(true,title="Show Threshold Line?")
swl=input(true,title="Show Warning Threshold Line?")

//Laguerre PPO Code from TheLark
lag(g, p) =>
    L0 = (1 - g)*p+g*nz(L0[1])
    L1 = -g*L0+nz(L0[1])+g*nz(L1[1])
    L2 = -g*L1+nz(L1[1])+g*nz(L2[1])
    L3 = -g*L2+nz(L2[1])+g*nz(L3[1])
    f = (L0 + 2*L1 + 2*L2 + L3)/6
    f
lmas = lag(Short, hl2)
lmal = lag(Long, hl2)

pctileB = pctile * -1
wrnpctileB = wrnpctile * -1

//PPO Plot
ppoT = (lmas-lmal)/lmal*100
ppoB = (lmal - lmas)/lmal*100
//PercentRank of PPO 
pctRankT = percentrank(ppoT, lkbT)
pctRankB = percentrank(ppoB, lkbB) * -1
//Color Definition of Columns
colT = pctRankT >= pctile ? red : pctRankT >= wrnpctile and pctRankT < pctile ? orange : gray
colB = pctRankB <= pctileB ? lime : pctRankB <= wrnpctileB and pctRankB > pctileB ? green : silver
//Plot Statements.
plot(pctRankT,title="Percentile Rank Columns", color=colT, style=columns, linewidth=2)
plot(sl and pctile ? pctile : na, title="Extreme Move Percentile Threshold Line", color=red, style=linebr, linewidth=4)
plot(swl and wrnpctile ? wrnpctile : na, title="Warning Percentile Threshold Line", color=orange, style=line, linewidth=4)

plot(pctRankB,title="Percentile Rank Columns", color=colB, style=columns, linewidth=2)
plot(sl and pctileB ? pctileB : na, title="Extreme Move Percentile Threshold Line", color=lime, style=linebr, linewidth=4)
plot(swl and wrnpctileB ? wrnpctileB : na, title="Warning Percentile Threshold Line", color=green, style=line, linewidth=4)
plot(0, title="0 Line Circles Plot", style=circles, linewidth=4, color=silver)
plot(0, title="0 Line-Line Plot", style=linebr, linewidth=4, color=gray)
Great Indicator. Thank you for your work. I'm new to learning Pinescript and wondering if you have any guidance as to how I might combine this script with your Ultimate MACD MTF indicator so that alerts fire when there is a market bottom AND a Bullish MaCD (and the opposite for shorts). I've been trying but keep getting errors and I can't seem to get it working. Cheers man
+6 Cevap Gönder
Thank you
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Hi, Can you add signals for entry and exit point somewhere in the green and red zones?
+10 Cevap Gönder
First of all thanks a lot for this indicator but I'm kind of confused on how to use it so is there a guide on how to use this some where? Also when I use this I don't get those colored columns going from top to bottom like you have in your picture above to indicate the candle is that something I can turn on if so how? Also is there a best time frame to trade with this or will anyone do? Anyways thanks in advance love your Enhanced Ichimoku Cloud also it has helped me a lot I'm still new to trading so I'm still trying to learn.
+21 Cevap Gönder
Can I get this Indicator on THINKORSWIM platform ?
+4 Cevap Gönder
Are you going to update the script adding entry points ?
best regards.
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I dont believe in indicators but this one is surely changing my perspective...... good work Sir CM..
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Chris, thanks for sharing, Is there anywhere I can download. I get 2 errors when try to compile.
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guro guro
Ignore this Chris, you can tell I'm a newbie on here
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LOVE IT !!!!
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