Vertical Horizontal Filter

 

I normally do not use this indicator for signals. Instead I am using this to recognise the trend as a confirmation for my signals.

• Rising values confirms continuation of a trend. (Uptrend or downtrend)
• Falling values indicate a ranging market.
• High values: Potentially end of a trend.
• Low values: Maybe start of a trend.

A volatility indicator can help you in interpreting this indicator as in a more volatile market the range will be wider!

Ultimate Oscillator

 

Buying Pressure (BP) = Current Close – Minimum (Current Low or Previous Close)

 

Ultimate Oscillator = 100 x [(4 x Cycle1) + (2 x Cycle2) + Cycle3] / (4 + 2 + 1)

 

Calculation

If:

·         Cycle 1=7

·         Cycle 2=14

·         Cycle 3=28

Then:

Ultimate Oscillator = 100 x [(4 x Average7) + (2 x Average14) + Average28] / (4 + 2 + 1)

 

Overbought and oversold signals:

In an uptrend:

Buy when the indicator rise above oversold line.

In a downtrend:

Sell when the indicator falls below the overbought line.

Divergence signals:

Buy signal normally at the end of a downtrend: Wait for the bullish divergence in the market. This means, the price should make a lower low, but the indicator should display a higher low.

Sell signal normally at the end of an uptrend: Wait for the bearish divergence. This means, the price should make a higher high, but the indicator should display a lower high.

Pretty Good Oscillator Indicator

In a Downtrend: Only sell 1. At the end of the overbought area 2. Add when crossing below 0 line 3. Add at the start of Oversold In an Uptrend: Only buy 1. At the end of the oversold area 2. Add when crossing above 0 line 3. Add at the start of overbought Indicator Settings Period 28 Overbought 2 Oversold -2 Your Capital is at Risk. This is only an educational video.

Lowest Low Value

The Lowest Low-Value indicator plots the lowest low price over a specific period. 

Previously on my other video called "Highest High-Value Indicator (HHV)" I explained how we can combine HHV with MA. (Link is provided below)

On this video, I am explaining how to use both LLV and HHV indicators combined with ATR to confirm trading signals.

HHV and LLV are very reliable in the trendy market, so it is wise to only use them when we have high ATR readings.

Linear regression slope indicator

  A statistical technique used to identify the strength and direction of the market trend is using the Linear Regression Slope as this is a centred oscillator type indicator. It fluctuates above and below a central line drawn at 0.

 This indicator can be used to measure the strength or weakness and direction of the momentum.

•  The momentum is positive when the slope is above 0

•  The trend is negative when the slope is below 0. 

Example:
If the normalized slope is 0.2, this means that the regression line is increasing at 0.20% rate per bar.
A slope of -0.50 suggests that the regression line is decreasing at a rate of 0.50% per bar.

Highest High Value Indicator (HHV)

 Highest high value is the highest value of the market during the selected period.

Highest High Value = Maximum (High) of n−periods

Strategy: Combine it with a simple moving average for trading signals. In an uptrend: Buy when HHV goes above MA In a downtrend: Sell when the HHV crosses the MA from above to below.

High Minus Low indicator (HML)

 Recognise the volatile market.

Figure out the trend direction.

Open your new positions.

HML indicator simply plots the difference between high and low.

High readings mean we are in a trendy market.

Low readings mean we are moving sideways in a range.

My strategy:

✔Combine this with a volume indicator (Like Accumulation/Distribution Indicator)

✔High reading HML and increasing volume mean we are in an uptrend.

✔High reading HML and decreasing volume mean we are in a downtrend.

For the link to the video, please click here!

Important event 16th May 2019

Today we have these important events:
Please manage your open positions carefully.
AUD Unemployment Rate (APR)  (9:30 GMT+8)

Shows the number of employed in Australia

AUD Employment Change (APR)  (9:30 GMT+8)
The Unemployment Rate is the most important indicator of the health of the labour market.