This group of free indicators is made to help manual traders have better (read “safer”) entries and exits signals.
The basic idea is to put together a group of indicators (all the same) but with different periods.
Here’s what they look like:
What we look for is for consensus between all the periods. Usually in overbought/oversold areas.
RSI is the only exception to the above rule. With RSI you should look for periods when curves are spread apart. This usually means that you reached an extreme position.
Using them is very easy as they work almost the same as the “original” ones.
The only thing that really changes is that here we’ll have 8 curves, each with a different period.
You have to set the initial period and the step for the following 7 lines.
So far we developed 10 indicators:
- Fuzzy Acceleration
- Fuzzy CCI
- Fuzzy Momentum
- Fuzzy RSI
- Fuzzy Stochastic
- Fuzzy WPR
- Fuzzy Moving Averages
- Fuzzy MACD
- Fuzzy Parabolic SAR
- Fuzzy RVI