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已更新 Turbo Scaler - The Art Of Being (too) Early
Introduction
Fast smooth indicators that produce early signals can sound utopic but mathematically its not a huge deal, the effect of early outputs based on smooth inputs can be seen on differentiators crosses, this is why i propose this indicator that aim to return extra fast signals based on a slightly modified max-min normalization method. The indicator introduce inherent smoothing without having an huge impact on the indicator reactivity.
The Indicator
The indicator is based on max-min normalization (like the stochastic oscillator) however instead of using the highest/lowest of the input we use the highest and lowest of the moving average of the input. This process using as input the closing price and the moving average closing price will return two lines, and because of the nature of max-min normalization we can see that the trigger line (in orange) produce earlier crosses. length control the highest/lowest period while smooth control the output lines smoothness (50 by default).
alpha control the scaling amount, with higher values of alpha creating more constrained scale, when alpha = 1 the scale is in a range of (0,1) while lower values of alpha can make the output move more freely.
alpha = 0.25
alpha = 1
Higher values of alpha create earlier signals.
Downsides Of Early Crosses
Of course such indicator make us exposed to the trend as seen below.
We can nonetheless protect ourselves against such cases scenarios by lowering alpha.
lowering alpha allow to catch movements of the trend without loosing much reactivity at the cost of an increased umber of trades.
Possible Uses
The proposed indicator allow for an high number of uses because of its scale, reactive nature...etc. A method that allow us to go with the main trend is by taking into account the crosses between the lines and the sign of the lines, for example :
The first signal (green) happen when the main line (in blue) crossover the trigger (orange) while both are > 0, the same happen with the second signal however both lines are < 0. This method can use certain levels instead of the sign (main line crossover trigger while both > 0.7...etc).
This method is great for the indicator because such cases scenarios does not happen a lot with ranging markets, we can clearly that when trending the trigger can have the tendency to be flat and higher than 0 thus allowing for the main line to produce those signals.
Conclusion
I have presented a super reactive crosses indicator based on max-min normalization with the ability to both be smooth and produce early entries/exits signals, different methods have been presented in order to allow for different setups using this indicator.
The introduction of the alpha parameter allow for more control which is what those kind of indicators needs. I hope you find an use to it :)
Support Me
Making indicators sure is hard, it takes time and it can be quite lonely to, so i would love talking with you guys while making them :) There isn't better support than the one provided by your friends so drop me a message.
Fast smooth indicators that produce early signals can sound utopic but mathematically its not a huge deal, the effect of early outputs based on smooth inputs can be seen on differentiators crosses, this is why i propose this indicator that aim to return extra fast signals based on a slightly modified max-min normalization method. The indicator introduce inherent smoothing without having an huge impact on the indicator reactivity.
The Indicator
The indicator is based on max-min normalization (like the stochastic oscillator) however instead of using the highest/lowest of the input we use the highest and lowest of the moving average of the input. This process using as input the closing price and the moving average closing price will return two lines, and because of the nature of max-min normalization we can see that the trigger line (in orange) produce earlier crosses. length control the highest/lowest period while smooth control the output lines smoothness (50 by default).
alpha control the scaling amount, with higher values of alpha creating more constrained scale, when alpha = 1 the scale is in a range of (0,1) while lower values of alpha can make the output move more freely.
alpha = 0.25
alpha = 1
Higher values of alpha create earlier signals.
Downsides Of Early Crosses
Of course such indicator make us exposed to the trend as seen below.
We can nonetheless protect ourselves against such cases scenarios by lowering alpha.
lowering alpha allow to catch movements of the trend without loosing much reactivity at the cost of an increased umber of trades.
Possible Uses
The proposed indicator allow for an high number of uses because of its scale, reactive nature...etc. A method that allow us to go with the main trend is by taking into account the crosses between the lines and the sign of the lines, for example :
The first signal (green) happen when the main line (in blue) crossover the trigger (orange) while both are > 0, the same happen with the second signal however both lines are < 0. This method can use certain levels instead of the sign (main line crossover trigger while both > 0.7...etc).
This method is great for the indicator because such cases scenarios does not happen a lot with ranging markets, we can clearly that when trending the trigger can have the tendency to be flat and higher than 0 thus allowing for the main line to produce those signals.
Conclusion
I have presented a super reactive crosses indicator based on max-min normalization with the ability to both be smooth and produce early entries/exits signals, different methods have been presented in order to allow for different setups using this indicator.
The introduction of the alpha parameter allow for more control which is what those kind of indicators needs. I hope you find an use to it :)
Support Me
Making indicators sure is hard, it takes time and it can be quite lonely to, so i would love talking with you guys while making them :) There isn't better support than the one provided by your friends so drop me a message.
發行說明
added min/max values for alpha.開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
"My heart is so loud that I can't hear the fireworks"
"My heart is so loud that I can't hear the fireworks"
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
"My heart is so loud that I can't hear the fireworks"
"My heart is so loud that I can't hear the fireworks"
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。