ninjamouse
01-13-2009, 06:28 PM
Hi
Hope you can help me, I'm look for a combination of indicators, basically I want either Quick MA **OR** ZerolagTEMA and combine it to a horizontal line so that it looks like the JMA VEL indicator.
If you dont know what I'm talking about here is a screenshot of the JMA VEL indicator http://www.jurikres.com/catalog/ms_vel.htm#top
Here is a screenshot:
http://www.jurikres.com/gifs/vel2.gif
The indicator description is as follows:
"The classical momentum indicator is a simple yet effective measure of market direction. However, the curve zig-zags a lot, producing many misleading values and false alarms. Typical attempts to remove noise by applying a moving average will seriously degrade its usefulness by adding lag. Jurik Research solved this problem with an advanced momentum oscillator that produces very smooth curves without any additional lag !
Notice how VEL eliminates the zig-zagging noise inherent in a classic 10-bar momentum signal. VEL is extremely smooth, compared to the jagged momentum line. Consequently, there are fewer false signals."
Here is how it works when trading
http://i39.tinypic.com/2ywyhaa.jpg
thankyou in advanced
Hope you can help me, I'm look for a combination of indicators, basically I want either Quick MA **OR** ZerolagTEMA and combine it to a horizontal line so that it looks like the JMA VEL indicator.
If you dont know what I'm talking about here is a screenshot of the JMA VEL indicator http://www.jurikres.com/catalog/ms_vel.htm#top
Here is a screenshot:
http://www.jurikres.com/gifs/vel2.gif
The indicator description is as follows:
"The classical momentum indicator is a simple yet effective measure of market direction. However, the curve zig-zags a lot, producing many misleading values and false alarms. Typical attempts to remove noise by applying a moving average will seriously degrade its usefulness by adding lag. Jurik Research solved this problem with an advanced momentum oscillator that produces very smooth curves without any additional lag !
Notice how VEL eliminates the zig-zagging noise inherent in a classic 10-bar momentum signal. VEL is extremely smooth, compared to the jagged momentum line. Consequently, there are fewer false signals."
Here is how it works when trading
http://i39.tinypic.com/2ywyhaa.jpg
thankyou in advanced