This is my tribute back to Madlen and other good traders. I have coded plenty of indicators from his idea. I also coded from my side, some indicators based on new algorithm.
The thread "Optimizing Trend Trading" opened by John Last got a new life on a new forex forum "http://beathespread.com".
=> This is the place where I put all my new creations. (In the futur, bcoz, this work takes me many hours, I will sell for a few pennies, some new indicators, that are very appreciated from some traders using those one.)
The indicators are put in attachment, are related to the Pearson correlation (I found the algorithm by reading indicators from madlen). Some of them are still in backtesting, so, They could failed if you do not have the indicator called by the "iCustom" function
I made a study that I posted on Beathespread.com to figure out which indicators were the best to calculate the curve fitting.
The purpose was to create a perceptron from the inputs od the best indicators
But, there is another way of use those indicators. at the time you are using them, if the Pearson correlation is greather than 0.75 , you can trust their signals. (I made also a study based on Spearman correlation but it's not the subject here)
So, put all the indicators in the chart, and check if their values are correct and > 0.75, it happened some classical indicators are giving sometimes wrong values, the goal is to know when they failed, and those indicators can tell you, when they are working properly and giving you good values
