Use the osc/signal crossover for entry/exit points. You can enable highlighting the crossovers by using region fills (via options page). I have also added an option to color the bars based on this.
Actually I have lot of indicators in my to-publish backlog, will try to prioritize them over the others in the pipeline. Lets have an week for indicators :)
Cybernetic Analysis for Stocks and
List of my public indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
// // @author LazyBear // // List of my public indicators: http://bit.ly/1LQaPK8 // List of my app-store indicators: http://blog.tradingview.com/?p=970 // study("Ehlers Cyber Cycle Indicator [LazyBear]", shorttitle="ECCI_LB", overlay=false, precision=3) src=input(hl2, title="Source") alpha=input(.07, title="Alpha") smooth=(src+2*src+2*src+src)/6 cycle_=(1-.5*alpha)*(1-.5*alpha)*(smooth-2*smooth+smooth)+2*(1-alpha)*nz(cycle_)-(1-alpha)*(1-alpha)*nz(cycle_) cycle=(n<7)?(src-2*src+src)/4:cycle_ t = cycle plot(0, title="ZeroLine", color=gray) fr=input(true, title="Fill Osc/Trigger region") duml=plot(fr?(cycle>t?cycle:t):na, style=circles, linewidth=0, color=gray, title="Dummy") cmil=plot(cycle, title="CyberCycle",color=blue) tl=plot(t, title="Trigger",color=green) fill(cmil, duml, color=red, transp=50, title="NegativeFill") fill(tl, duml, color=lime, transp=50, title="PositiveFill") ebc=input(false, title="Color bars?") bc=ebc?(cycle>0? (cycle>t?lime:(cycle==t?gray:green)): (cycle<t?red:orange)):na barcolor(bc)
Should the index be nz(cycle_(2) for the last nz(cycle_(1) in the end of the line?
From page 34 of Cybernetic Analysis for Stocks and Futures, the formula seemed using index (2) . This indicator is totally new to me so I might be wrong in terms of what I read giving limited information so far. Much appreciated for any insight you might have.