In the previous Zero-Lag MA post, we introduced the "mirroring" technique and the associated calculation. In this post, we will see how we can use the same technique, with a slight variation, to evolve our zero lag moving average line, add more "smoothness" and still maintaining the low lag and fast response to data series changes. to use the "mirroring"...
we all know how moving averages suffer from lag - they have a delayed response to change in the underlying values - regardless if the underlying values are price movement or some kind of indicator formula that we are trying to smooth using a moving average. here's a simple technique that can help minimize the lag built into the moving average - you can use this...
Here's a modern take on the famous DMI/ADX. i first wrote this on another platform few years ago, so i'm happy to be able to share it on TradingView quick refresher: what does DMI/ADX tell us: ------------------------------------------------------ in simple terms, at the core of this indicator, there are 3 main calculations / lines: the Plus Directional Index (...
Let's take the classic Relative Strength Index (RSI) and give it couple of modern upgrades - the results are better visuals with improved signals and trade decision support: Options and features: - Dual period: look at the short term RSI vs a backdrop of a longer period RSI (expressing the longer-term "prevailing sentiment") - get clearer "re-entry" points in...