Kimya Indicators

The "MA fib band" indicator is calculated from two indicators, corresponding to two of its parameters:

Where:

SMA~50 ~is the 50-day simple moving average. The length of the SMA period is itself a parameter.
ATR₁₄ is the 14-day average true range of the candles. The length of the ATR is a parameter.
"x" is a multiplication factor that corresponds to the Fibonacci numbers. There are 7 values for "x": 0, 1.618, -1.618, 2.618, -2.618, 4.236, -4.236

As such, the indicator is made of 7 lines - one for each "x" value. Each line becomes a column in the grid. These 7 lines are separated and can be labelled accordingly in the "column name". The default names are middle, up1, low1, etc. which correspond to the x values mentioned (in order).

Normalized Slope

A common method to get the direction of a trend is to look at the rate of change of a value between two candles, corresponding to a "slope". However, the slope by itself can be misleading as it varies in scale. To that end, this function normalizes the rates of change between any two candles to a range between -50 and 50. The normalization is done in a way that the values correspond to a distribution. For example, 5% of the data has a normalized slope between 45 and 50. Exactly half of the data has a positive normalized slope, and half has a negative slope.

There are two parameters:

Indicator name: The indicator that changes in value between two candles. The indicator has to be numeric. It can also be part of the OHLCV data of a candle
Normalize Length: The number of candles to consider for normalization. Since the normalization corresponds to a probability distribution, the slopes need to be compared to previous slopes to get the proper distribution.

Trend magic

This indicator uses both the Average True Range (ATR) and the Commodity Channel Index (CCI) values to indicate trends accurately. There are two values that the indicator keeps track of at all times: uptrend (UT) and downtrend (DT). They are calculated as:

and

where L and H represent the low & high of a candle, and the "c" is a multiplication coefficient. This coefficient is a parameter that can be manipulated. The column picks one of these values based on the CCI value - if CCI is positive, it picks the uptrend. Else, it picks the downtrend.

The value of the uptrend is updated when the current uptrend value is greater than the previous Trend Magic value.
The value of the downtrend is updated when the current downtrend value is less than the previous Trend magic value.

CMF (Chaikin Money Flow)

This is a commonly used indicator that shows the buying/selling pressure. It is an oscillator that has a value between 0 and 1. The formula to calculate this value is:

Where H, L and C represent the "high, low, close" of a candle respectively. The function "VWMA" stands for the Volume-Weighted Moving Average.

Super Trend

The super trend indicator uses the Average True Range (ATR) to indicate changes in trends and the direction of the trend, similar to trend magic. It has two main lines: up and down. The formula for calculating the values of the lines is:

where U/D represents the up and down values, P represents the closing price, and "c" is a multiplication factor. This factor and the ATR's length are parameters that can be adjusted.

This indicator can show when an uptrend or downtrend occurs. When the price breaks the "up" line, it indicates an uptrend. If it breaks the "down" line, it indicates a downtrend. The lines are only updated under certain conditions:

The upper line is updated when the new upper value is less than the current upper value.
The lower line is updated when the new lower value is higher than the current lower value.

Note that these two lines are effective representations of support/resistance levels.

Level

The level indicator uses previous pivot points to derive the probability that the current point is a pivot (check the pivot function for more details). At every candle, the indicator will look back on a specified number of candles and determines the pivot points. Only pivot points that fall within an interval of the current candle's price level are considered. The previous pivot points are then converted into a probability using a probability distribution function. There are a few parameters to this indicator:

Pivot periods: the number of candles that contain a pivot - e.g. for a pivot period of 6, the pivots in 6 candles are considered, etc. Multiple pivot periods can be selected - larger periods show more extreme pivots that are less subject to noise.
Sigmas: The standard deviation for the probability distribution being used.
Pivot weights: the weight assigned to each pivot of the corresponding period. If there are 3 pivot periods, there should be 3 weights (one for each). Typically, larger pivot periods should have more weight.
Lookbacks: the number of candles to look back on and determine the pivots. They should correspond to the number of pivot periods (and pivot weights). Typically, larger pivot periods have a larger look back to account for more candles being considered per pivot.
Interval Percent: the percentage of deviation from the price level to consider. E.g. for an interval percentage of 20, only pivot points that occurred within a price range of +/- 20% of the current price are accounted for.
Interval Point Number (Interval divisions): The price interval defined with the percentage is broken into a discrete number of intervals. Every one of these intervals will have a probability assigned to them - for future candles, any price that falls in the specified interval should have the interval's derived probability of being a pivot.
Weights: Certain pivots are considered more important than others - e.g. if a certain indicator has a particularly telling (RSI = 90) value. This parameter can adjust for by giving more weight to the specified indicator and its value.
Discount methods: Pivots that occur more recently have more weight than older pivots. This parameter will use a specified method to assign less weight to older pivots. The basic setting is linear, which linearly increases the weight as it considers more recent candles.
Dist funcs: This is the distribution function used. The default is gaussian.

Fibonacci

The Fibonacci retracement levels are commonly used technical indicators but not necessarily reliable - for more details see https://www.investopedia.com/terms/f/fibonacciretracement.asp. Our system enhances this concept by considering previous pivots in a specified number of candles to base the levels on. To elaborate, there are several parameters:

K Pivot Length (pivot length): This parameter specifies the number of candles that are considered for a pivot (see the pivot function for more details).
K Pivot Lookback: A number of "buffer" candles to not consider - e.g. for lookback of 4, the most recent 4 candles are ignored as they are more susceptible to noise.
Fibonacci Ratios: the ratios of the retracement levels. 0 and 1 represent the top and bottom - determined by the maximum and minimum in the window for the current candle.
Rolling length: The number of candles to consider per candle (the length of the rolling window).
Src H: The market data property used to calculate the top band/level, corresponding to fib. ratio 1.
Src L: The market data property used to calculate the bottom band/level, corresponding to fib. ratio 0.

ma fib band