RTX Extension

Clear (RTX)

The Clear RTX Extension is an implementation of the Clear Method, a method for determining short term swing direction, described by Ron Black in his 2010 article in Stocks and Commodities Magazine titled Getting Clear With Short-Term Swings. The indicator can be plotted on any timeframe. RTX Clear produces a color coded output line showing the current swing direction and produces a signal on any bar when the direction reverses. During an up swing, if price penetrates (clears) the highest low of the move, the swing remains intact, otherwise a down swing begins.

Chartmill Value Indicator (RTX)

The Chartmill Value Indicator(CVI) appeared in the January 2013 issue of Technical Analysis of Stocks and Commodities. The article was written by Dirk Vandycke. The CVI represents a standard deviation from a moving average, which can be applied to any price series over any period. The concept is simple. As prices rise, they will eventually rise above a moving average. Eventually, the moving average will begin to rise as well. At this point, prices need to continue to rise to increase the spread between the current price and the underlying moving average.

Moving Average Ribbons (RTX)

The Moving Average Ribbons Indicator allows users to set an initial Moving Average Period (Period Start) along with the desired number of Moving Average Lines (Lines) and the amount that each subsequent Moving Average should be incremented as it is added to the chart (Period Inc.). The general interpretation of this Indicator is that when all the averages are moving in the same direction, the trend is said to be strong. Reversals are confirmed when the averages crossover and head in the opposite direction.

Trail of Intentions (RTX)

Trail of Intentions (TINT) is an RTX Extension designed to display historical snapshots of the depth of market (order book). The market depth provides numeric insight into the intention of traders to buy and sell at various prices. TINT provides a wealth of options to visually identify relative size and changes in sizes among prices within same snapshot or from snapshot to snapshot over time.

Price Volume Pattern (RTX)

PVP is a powerful order flow pattern matching facility that works hand-in-hand with VolumeScope. It is designed to identify buy and sell volume-based patterns within a sequence of one or more prices within each bar. One-price, two-price and three-price patterns can be identified at the high of bar, low of bar, the highest or lowest occurrence within the bar, or all occurrences within each bar. Within each price within a bar, volume, ask volume, bid volume, or delta may be compared to specific values, or to multiples of volume, ask volume, bid volume, or delta. A secondary criteria is optional for each price. Prices that meet the specified criteria are identified with a drawing style such as Solid Box, Hollow Box, Dot, or Line. Customization of each style is possible by specifying a number of horizonal slices and an offset (which slice) to use. Each PVP indicator in a chart can thus be setup to draw into a different slice for each price.

Vervoort Oscillator (RTX)

In his article "The Quest For Reliable Crossovers" (Stocks and Commodities Magazine, May 2008) author Sylvain Vervoort explains a trading method using the crosses of two moving averages: a zero-lag triple exponential moving average of the typical price HLC/3 and the Heiken-Ashi Close. The Vervoort Oscillator plots the difference between these averages. Vervoort recommended a 55 period average (1 period look back) on daily charts.

Polynomial Regression Channel (RTX)

Polynomial Regression Channel (PRC) is an RTX Extension indicator that draws a best fit n-degree polynomial regression line through a recent period of data. Setup parameters for the indicator include the degree of the polynomial (1 - 6) and number of bars to analyze. Bands are drawn above and below the regression line between two user-specified multiples of standard deviation. The bands self adjust for volatility.

Math Lines (RTX)

The Investor/RT Math Lines Indicator is the Linn Software implementation of the popular Murrey Math Lines. The Math Lines indicator produces a series of equidistant price-based support and resistance levels. Each level is labeled from 1/8 thru 8/8. The 8/8 (or 0/8) lines are considered the most difficult to break. 1/8 and 7/8 lines are considered weak support and resistance. 2/8 and 6/8 lines are considered strong reverse points. 3/8 and 5/8 are considered areas where it is very likely that the price will either pierce this range fast or will remain inside it for a long time.

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