- 06 Nov 2016, 14:55
#214
Credit goes to Paul aka Baluda and a few other guys who made those indicators possible.
Some of Baluda’s indicators are available at SHF at this Link
The CSS indicators determines the Slope Strength of a symbol/currency based on their TMA values. Various indicators are available to determines the strength of a currency, some are calculating the average value of the symbols the currency is part of…
Super CSS is the latest evolution of CSS. Basically, the MA period for the calculation was changed from 21 to 7 and the ATR from 100 to 50 and the indicator is used to weight only the symbol on charts, instead of averaging the currencies the symbol is part of. For reference, here is SHF thread discussing the Super CSS: Link.
Please note that considering the nature of the TMA calculation, the CSS indicators repaints a few bars. According to some traders, there is a kind of Magic behind the TMA and CSS indicators, so I thought it would be worth a post here at GiG. We will concentrate on the Super CSS first.
To be honest I don’t really understand its calculation, and usually when I don’t understand, then I don’t use it. It calculates the MA in relation to the ATR. The LWMA from the current bar subtracts the LWMA from the previous bar * 231 plus + the close of the current bar *20/251.
Anyway, let’s see how it looks like, here is a chart showing the Super CSS with multiple timeframes:
I have customized the indicator to highlight when the CSS cross the 0 threshold in a particular colour.
We can note on the screenshot above that an uptrend has started on the 2nd of November. The uptrend is confirmed on the Daily CSS and the H4 CSS. Again, please note that the CSS indicator repaint and so if you were watching the price action live, values might have been different.
One way to trade this CSS is to wait for a clear and confirmed trend on the Daily CSS. By confirmed, I mean that the Daily bar is closed and so the CSS value is confirmed. And then trade the cross of lower timeframe in direction of the Daily CSS, for instance H4. This basic approach seems to give some interesting results which needs to be confirmed with intensive testing.
Attached you can find Baluda’s Super CSS indicator and the template used for the screenshot above.
Please note that I have customized this Super CSS indicator to highlight 0 cross in a particular colour. And option is also available in the indicator to use this Super CSS with Blast custom trailing.
A dashboard with Super CSS on multiple timeframes will come soon also.
Some of Baluda’s indicators are available at SHF at this Link
The CSS indicators determines the Slope Strength of a symbol/currency based on their TMA values. Various indicators are available to determines the strength of a currency, some are calculating the average value of the symbols the currency is part of…
Super CSS is the latest evolution of CSS. Basically, the MA period for the calculation was changed from 21 to 7 and the ATR from 100 to 50 and the indicator is used to weight only the symbol on charts, instead of averaging the currencies the symbol is part of. For reference, here is SHF thread discussing the Super CSS: Link.
Please note that considering the nature of the TMA calculation, the CSS indicators repaints a few bars. According to some traders, there is a kind of Magic behind the TMA and CSS indicators, so I thought it would be worth a post here at GiG. We will concentrate on the Super CSS first.
To be honest I don’t really understand its calculation, and usually when I don’t understand, then I don’t use it. It calculates the MA in relation to the ATR. The LWMA from the current bar subtracts the LWMA from the previous bar * 231 plus + the close of the current bar *20/251.
Anyway, let’s see how it looks like, here is a chart showing the Super CSS with multiple timeframes:
I have customized the indicator to highlight when the CSS cross the 0 threshold in a particular colour.
We can note on the screenshot above that an uptrend has started on the 2nd of November. The uptrend is confirmed on the Daily CSS and the H4 CSS. Again, please note that the CSS indicator repaint and so if you were watching the price action live, values might have been different.
One way to trade this CSS is to wait for a clear and confirmed trend on the Daily CSS. By confirmed, I mean that the Daily bar is closed and so the CSS value is confirmed. And then trade the cross of lower timeframe in direction of the Daily CSS, for instance H4. This basic approach seems to give some interesting results which needs to be confirmed with intensive testing.
Attached you can find Baluda’s Super CSS indicator and the template used for the screenshot above.
Please note that I have customized this Super CSS indicator to highlight 0 cross in a particular colour. And option is also available in the indicator to use this Super CSS with Blast custom trailing.
A dashboard with Super CSS on multiple timeframes will come soon also.
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ScarletPip, retina liked this
Cheers,
G
G