During last week’s chat someone mentioned they had seen a glimpse of this beast hiding on the Indicator Roundup page. The Master Indicator is a “FrankenStudy” combination of about five other studies. I have used it when trading from a size constrained screen where space is critical. At its heart it is a triple CCI with the main CCI line set to 14 periods. The two additional CCIs are set at 5 and 50. I trade this using traditional CCI methods.
Added into the indicator are:
1) Squeeze dots indicating if a squeeze is on (i.e. the Bollinger Bands are inside the Keltner Channels)
2) Volatility dots indicating if the average true range is greater than my desired working stop loss
3) A five period stochastic with blue/red dots indicating stochastic and signal line cross
4) Stochastic Madness overbought/oversold confluence triangles
5) A LSMA centerline indicator which shows if price is greater/less than the LSMA or alternately if the LSMA slope is positive/negative
Note: I will post this in the Gold Donor section of the forum on Sunday.
(Also pictured are ThinkScripter MultiStops and ThinkScripter RTH MultiPivots – Woodie’s Pivots)
ThinkScripter Master Indicator
Master Indicator Detail
It’s ALIVE!
Very “Franken” interesting.
Nice job T.S.
Peace-
Bill
How do you trade this beast?
Scott,
This is really just a CCI with some extras thrown in so I can monitor them. I trade it using normal CCI methods (trend line breaks, 100 line crosses etc).
Eric