I have come across average confidence indicator,great work. I wonder if confidence bands can be added to the centre line of the on chart RSI indicator attached.
The confidence bands make alot more sense to me. I humble ask you consider my request but I appreciate all efforts if not possible.

MrTools and Mladen, could you please make better formula prices for RSI of VHF Adaptive averages 2?

Sanni123 wrote: Mon Jun 05, 2017 1:12 am I have come across average confidence indicator,great work. I wonder if confidence bands can be added to the centre line of the on chart RSI indicator attached.
The confidence bands make alot more sense to me. I humble ask you consider my request but I appreciate all efforts if not possible.

Sanni

adding confidence bands to that indicator would not serve the purpose (due to the nature of that indicator)
It is trying to "guess" the price when rsi would reach some level. Confidence band for that would not improve it

mladen wrote: Tue Jun 06, 2017 8:18 pm Sanni

adding confidence bands to that indicator would not serve the purpose (due to the nature of that indicator)
It is trying to "guess" the price when rsi would reach some level. Confidence band for that would not improve it

Thank you. As on chart it seem like its a moving average, I just wondered if there is a way to pick slope direction angle, just to differ from flat and more acute angles. Do you know how this can be done? Or if it is possible, I assume three state slope direction is the only way?
Once again thanks for your time and help and thanks mr tools

Fresh_Prince wrote: Tue Jun 06, 2017 7:00 pm MrTools and Mladen, could you please make better formula prices for RSI of VHF Adaptive averages 2?

Here is a version with newest averages (38 types) and all the prices (33 types)

Sanni123 wrote: Tue Jun 06, 2017 8:44 pm Thank you. As on chart it seem like its a moving average, I just wondered if there is a way to pick slope direction angle, just to differ from flat and more acute angles. Do you know how this can be done? Or if it is possible, I assume three state slope direction is the only way?
Once again thanks for your time and help and thanks mr tools

Hi, I changed the indicator, see what you can benefit.(Mladen with your permission)

mladen wrote: Tue Jun 06, 2017 11:30 pm Here is a version with newest averages (38 types) and all the prices (33 types)


rsi of vhf adaptive average.png

Thx a lot, Mladen. By the way, I was always wondered, what does VHF abbreviation mean?

Fresh_Prince wrote: Wed Jun 07, 2017 3:28 am Thx a lot, Mladen. By the way, I was always wondered, what does VHF abbreviation mean?

Vertical Horizontal Filter
Here is some more explanation :
____________________________________________________

The vertical horizontal filter (VHF), which was introduced by Adam White in 1991, is one indicator you can use to determine whether a security is going through a congestion phase or a trending phase. The VHF is not your typical indicator that gives you buy and sell signals; what the VHF does is help you decide which indicators to apply. During a trending phase, the vertical rise in prices is stronger than during a congestion phase. The VHF measures the vertical rise in prices over time.

The calculation of the VHF indicator is relatively simple, and it is explained in the sidebar, "The vertical horizontal filter."

IN THEORY

The VHF indicator can be used:

1 To determine whether a specific market is trending or in a congestion phase. A rising VHF line indicates the trend is strong, whereas a falling line indicates it is weak.
2 To determine the strength of a trend. A VHF reading above a certain benchmark may indicate a strong trend, whereas a reading below another benchmark indicates it is weakening.
3 As a contrarian indicator. If you see relatively low VHF values, you can expect prices to break out of the congestion phase and start trending. Conversely, a relatively high VHF value indicates that the trending phase may have come to an end and the market will be entering a congestion phase.


When the VHF indicator is relatively flat, it indicates that the market is in a congestion phase. When it starts rising above the range it was in while in the congestion phase, it indicates the market is trending. Generally, securities spend more time in a congestion phase than in a trending phase. In Figure 1, you can see the different phases of the market as indicated by the VHF. Note there is only one period where the VHF indicates the market is going through a trend. The section marked "A" identifies a trending period, whereas the one marked "B" identifies a congestion phase. Note the action of the VHF line. During a trending period, it rose significantly higher than during the congestion phase. It went lower when the trend started declining and entered a congestion phase.

The VHF indicator only reveals the strength of a trend; it does not indicate trend direction. Just as the VHF increased during an upward trending period, as can be seen in Figure 1, the same can be seen for a downward trend. Take a look at Figure 2 and note how, during a downward trend (sections A and B), the value of the VHF indicator rises sharply, indicating the downward trend is strong.

THE VERTICAL HORIZONTAL FILTER

The vertical horizontal filter (VHF) is an indicator that can help determine whether a market is trending. The formula for the 28-day VHF is:


where the numerator is the difference between the highest close and the lowest close for the last 28 days and the denominator is the 28-day sum of the absolute value of the one-day price change.

experts...
could please correct this indicator.. Some warning shows

sal wrote: Thu Jun 08, 2017 6:43 am experts...
could please correct this indicator.. Some warning shows

rsi 3 time frames & alerts
Use this one instead