Jurik indicators

Dear mrtools
whooo, really very impressive indicator, Many Thanks

Averages distance from price:

The Distance from Moving Average indicator measures how far the current price is from a specified moving average, helping traders assess market momentum and potential trend reversals.

Indicator Overview:

The Distance from Moving Average indicator quantifies the deviation of a security's price from its moving average (MA). This distance can be expressed in absolute terms or as a percentage, providing insights into market conditions and potential trading opportunities.

How It Works
Calculation:
The indicator calculates the distance by subtracting the moving average value from the current price. This difference can then be divided by the moving average value to express it as a percentage or in absolute terms:

Ma Distance = Current Price−Moving Average/Distance in pips

1. Types of Moving Averages: Users can select from various types of moving averages, including:

1. Simple Moving Average (SMA)
2. Exponential Moving Average (EMA)
3. Weighted Moving Average (WMA)
4. and more

1. Visualization: The calculated distance is typically plotted on a separate chart or below the main price chart, allowing traders to easily visualize the relationship between price and the moving average. Positive values indicate that the price is above the moving average (bullish sentiment), while negative values indicate it is below (bearish sentiment).

Applications in Trading

1. Trend Analysis: A significant distance from the moving average may indicate a strong trend, while a small distance suggests consolidation or reduced volatility. Traders often look for extreme values to identify potential reversals or corrections.
2. Mean Reversion: The indicator can help identify overbought or oversold conditions, signaling potential entry points for mean reversion strategies. When the price is significantly above or below the moving average, it may be due for a correction.
3. Signal Generation: Crossovers of the distance line with the zero line can signal potential changes in trend direction, providing actionable insights for traders.

This version has an added signal line, filtering option, large selection of prices, and a double smoothing option which doubles the available average options.

This has the same digital filter choices as above except it is using Rsi, with a choice of around 20 different Rsi types. Also, the digital filters prices have an option to be pre-smoothed which hopefully doesn't add to much lag. The bands are Quantile bands.

Please post MQ5 also.

Do you have mt4 version?

Repulse Indicator

The Repulse indicator measures market bullish or bearish pressure, calculated as the difference between positive and negative forces, often using EMAs or price-based ratios.
Core Formula
The Repulse indicator can be calculated in several ways depending on the platform or trading style:

1. EMA-Based Formula:
   The most common approach uses exponential moving averages (EMAs) to quantify buying and selling pressure:
   Repulse[i] = Pos_EMA[i] - Neg_EMA[i]
   1. Pos_EMA[i]: Measures positive (bullish) pressure from buyers
   2. Neg_EMA[i]: Measures negative (bearish) pressure from sellers
      A positive result indicates bullish sentiment, while a negative result indicates bearish sentiment

2. Price-Based Formula:
   Another method calculates Repulse using candlestick prices:
   Repulse = (Close – Open) / (High – Low)
   This value is then averaged over a defined interval (commonly 5, 15, or 33 bars) using a moving average to smooth the signal https://www.bing.com/th?id=ODLS.A245...3-D9EC6AB74B9Fbitbymojo.com. Positive values indicate buying pressure, and negative values indicate selling pressure.

Interpretation

1. Positive Repulse: Indicates that buyers are dominating, suggesting bullish momentum.
2. Negative Repulse: Indicates that sellers are dominating, suggesting bearish momentum.
3. Oscillation Around Zero: The zero line serves as a midline dividing bullish and bearish conditions. Traders often look for divergences or trend confirmations relative to price movements.

Practical Usage

1. Multiple Time Frames: Using Repulse with different periods (e.g., 1, 5, 15) helps identify short-term and medium-term trends simultaneously https://www.bing.com/th?id=ODF.eTLo-BQbfW8CvnkrCSki2QCentralCharts.
2. Trend Confirmation: In an uptrend, a rising Repulse above zero confirms strong bullish momentum; leveling off or declining may indicate exhaustion.
3. Combination with Other Indicators: Pairing Repulse with volume analysis, support/resistance levels, or other oscillators can improve signal reliability https://www.bing.com/th?id=ODF.d-air0dTfzJToV3pPiuPKAprorealcode.com+1.
   Understanding the Repulse indicator formula allows traders to gauge market pressure effectively, anticipate potential reversals, and optimize entry and exit points in trading strategies.

This version is the price-based version, using an assortment of average and price options with a choice of floating levels, Donchian channel, or Quantile bands. Coloring options are outer levels cross, middle level cross, or slope change.

Hi mrtools
Is there a way to have this indicator show more history on the chart?
Thanks, Chris.

Hi Chris,

Yes, you can increase the fill bars (by default it is set to 500) or set the fill bars to zero which will give you more history but remove the filling.

Thank you, that worked by going to 0.

I just want to let you know you have a complete system with this one indicator...it's quite extraordinary...I did a really simple random sample on the Gold 1M chart from the last 24 hrs and was able to net 58.5R with 16 trades broken down to 6 wins 2 small losses (@1R and 0.5R) 3 BE and 5 losers. I would have traded these at $100.00 per trade so that would equate to $5850.00.

Incredible

Chris

I am currently running a thread in the Trading Strategies forum and I will be focusing on that as those EAs are making good profit (presently 140% gain in 17 days) so I will have to put this on the back burner for now, but if any body else here has time to mess around with a simple EA for it please let me know and I will give the details for the system.

hi sir,

Please share mq5 as well.

Hello,

Did this mt5 version.

Thank you very much Sir.

Please how can I check out your thread in the Trading Strategies forum can I get the link? Thanks

Please i need your help in converting this arrow alert functions to MT5 i know its not supposed to be done here but i dont want to miss you i was even thinking cfudge could do it . Please its for a HRLYBBWPR H1/ H4 strategy, When candle crosses the middle BB and close upside the next candle is the entry and the take profit is the upper BB thats all, the arrow setting is working fine for me, the only additional stuff i want attched to the arrow are 3 DOTS one dot BELOW THE ARROW....one dot mark the ENTRY and last dot marks the upper bb as TP , Then it goes on transition to MT5 . Please cfudge im sorry for posting this here, pardon me please.

Sorry but that version repaints.

The Band %B (%b) is a technical indicator that quantifies the position of the price relative to the Bollinger Bands. It is calculated using the formula:

1. %b = (Current Price - Lower Band) / (Upper Band - Lower Band)

This means:

1. A %b value of 1 indicates the price is at the upper band, while a value of 0 indicates it is at the lower band https://www.bing.com/th?id=ODF.INhCOd4qElPoejfhZYl17AWikipedia.
2. Readings above 0.80 suggest that the price is near the upper band, indicating potential overbought conditions, while readings below 0.20 suggest it is near the lower band, indicating potential oversold conditions https://www.bing.com/th?id=ODF.m4_eGpdnZxzJGwoW1zuMXQStockCharts.com.
3. The %b indicator can be useful for identifying trends and trading signals, helping traders make informed decisions https://www.bing.com/th?id=ODF.WIu_F0zF5vDm-mKv5gIu4QTradingView+1.

This version is the same calculation except it is using varied options for band deviation, options to use are built in mt4 atr, custom atr, adaptive atr, standard error, ema deviation, relative ma deviation, fast ema deviation, adaptive ema deviation, adaptive relative ma deviation, adaptive fast ema deviation, weighted deviation, custom standard deviation - with sample correction, or custom standard deviation - without sample correction. Color choices and alerts are on floating outer levels cross, floating level middle cross, or slope change.

Spearman rank correlation

Spearman's rank correlation coefficient, denoted by ρ (rho), is a nonparametric measure of the strength and direction of the monotonic relationship between two continuous or ordinal variables. Unlike Pearson's correlation, which measures linear relationships, Spearman's correlation assesses how well the relationship between two variables can be described using a monotonic function.
Calculation of Spearman's Rank Correlation
To compute Spearman's rank correlation, follow these steps:

1. Convert the data to ranks: Assign ranks to the values of each variable. If there are tied values, assign them the average of their ranks.
2. Calculate the difference in ranks: For each pair of observations, compute the difference between the ranks of the two variables.
3. Square the differences: Square each difference obtained in the previous step.
4. Sum the squared differences: Sum all the squared differences.
5. Apply the formula: Use the formula to calculate the Spearman correlation coefficient: [ ρ = 1 - \frac{6 \sum d_i^2}{n(n^2 - 1)} ] where (d_i) is the difference between the ranks of each observation, and (n) is the number of observations.

This version also can use Pearson's correlation if desired. Also uses an assortment of different rsi's included in the calculation with all the usual prices and options to smooth the correlated values with different moving average options.