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
ERic,
Is this similar to a woodies ZLR or have you heard of that, woodie has a number of different studies. On the woodies CCI he has these different lines not sure what they mean to tie in the buy and cell signals.
Thanks for your help today by the way
Eric
The Zero Line Reject is a CCI pattern on any CCI – not just Woodies. There is a wealth of information on trading the CCI and Woodies available on the net.
-Eric
I’m looking for a trend channel alert, ex. alerted when upper line of raff regression channel crossed and alerted when lower line of channel crossed , I would like one that works on multiple time frames, haven’t had a chance to browse the forums for this, does thinkscript currently have that functionality?