Description of Each Indicator WITHIN Phoenix Ascending Indicator
Hi Everyone! Josue, has been a "gift" sent to us all in regard to updates to Phoenix Ascending indicator and Bad Ass B-Bands Indicator. Josue, has provided a more descriptive explanation of each indicator within Phoenix Ascending. So, I'm sharing this with everyone here today.
Also, I'm no longer going to say, "Blue LSMA," "Red RSI," "Green RSI" and "White Energy." Instead, I'm going to say, "Blue Line," "Red Line," "Green Line" and "Energy." This will make it easier for me to say during publications with less syllables to say.
Here's Josue's brief description:
I am going to provide further information regarding the Phoenix Ascending indicator, based on my research, so this kind of discussion regarding what each indicator line is better understood in the future. All the lines inside the Phoenix Ascending (P.A.) Indicator are based on the GREEN line. This is the conclusion of my research:
# Phoenix ascending
## Green line
The Green line is the average of three indicators:
1. Wave trend oscillator
Refs:
![Indicator: WaveTrend Oscillator [WT]](https://s3.tradingview.com/2/2KE8wTuF_mid.png)
usethinkscript.com/threads/wavetrend-oscillator-for-thinkorswim-lazybear.233/
2. Money flow indicator
investopedia.com/terms/m/mfi.asp
3. RSI over three candles.
The following indicators are also computed inside P.A. script:
1. Money flow index.
2. Williams %R.
However, they are not used to compute the green line in the final version.
## Red line
It is a simple moving average of the green line over six candles.
## Blue line
It is a linear regression of the green line over the last 32 candles.
## White energy
It is the difference of the green and red lines multiplied by two and centered around 50
Hence, the energy (or momentum) tells as the difference between the current green line, and its average over the last six candles. This idea is similar to how MACD is used to find buy/sell points. This is why I have mentioned multiple times in the past that the energy is just the difference between the green line and the red line. If you have time, check all the information I have posted above to have a further understanding of the P.A. (Phoenix Ascending) indicator.
If you are wondering how I (Josue) found this information, I simply followed the P.A. (Phoenix Ascending) script's code and looked for the scripts of the cited authors in the script.
The indicators that form the green line, and the calculation of the red line has been tuned by David. So you will find some minor differences. Also, the blue line was added by David as he has mentioned in the past.
This is the original God Mode Oscillator indicator
End of Josue's explanation...
Me (David) talking again:
I want to thank Josue again for his due diligence and attention to detail.
I hope this was helpful to everyone and I look forward to saying less "syllables" in future video publications. LOL
As always, you know the drill, Let's all "Stay Awesome!"
David
PS - I first began playing around with Godmode in September, 2016 (changing inputs, adding an LSMA, etc...)
In April, 2017 I posted my first publication for Godmode indicator and some changes I made to it. I've learned a LOT since then. Of course I also added "Bad Ass B-Bands" since then. Why? Phoenix Ascending (Godmode) helped me determine the "odds" for potential movement of price action going up or down AND for how long price action could potentially "continue" up OR "continue" down. The "issue" was Phoenix Ascending (Godmode) could not tell us WHERE the price action could go WHEN it moves up OR down. THIS is where "Bad Ass B-Bands" came into play to help solve that dilemma.
Here is that first post from April, 2017:
Also, I'm no longer going to say, "Blue LSMA," "Red RSI," "Green RSI" and "White Energy." Instead, I'm going to say, "Blue Line," "Red Line," "Green Line" and "Energy." This will make it easier for me to say during publications with less syllables to say.
Here's Josue's brief description:
I am going to provide further information regarding the Phoenix Ascending indicator, based on my research, so this kind of discussion regarding what each indicator line is better understood in the future. All the lines inside the Phoenix Ascending (P.A.) Indicator are based on the GREEN line. This is the conclusion of my research:
# Phoenix ascending
## Green line
The Green line is the average of three indicators:
1. Wave trend oscillator
Refs:
usethinkscript.com/threads/wavetrend-oscillator-for-thinkorswim-lazybear.233/
2. Money flow indicator
investopedia.com/terms/m/mfi.asp
3. RSI over three candles.
The following indicators are also computed inside P.A. script:
1. Money flow index.
2. Williams %R.
However, they are not used to compute the green line in the final version.
## Red line
It is a simple moving average of the green line over six candles.
## Blue line
It is a linear regression of the green line over the last 32 candles.
## White energy
It is the difference of the green and red lines multiplied by two and centered around 50
Hence, the energy (or momentum) tells as the difference between the current green line, and its average over the last six candles. This idea is similar to how MACD is used to find buy/sell points. This is why I have mentioned multiple times in the past that the energy is just the difference between the green line and the red line. If you have time, check all the information I have posted above to have a further understanding of the P.A. (Phoenix Ascending) indicator.
If you are wondering how I (Josue) found this information, I simply followed the P.A. (Phoenix Ascending) script's code and looked for the scripts of the cited authors in the script.
The indicators that form the green line, and the calculation of the red line has been tuned by David. So you will find some minor differences. Also, the blue line was added by David as he has mentioned in the past.
This is the original God Mode Oscillator indicator
End of Josue's explanation...
Me (David) talking again:
I want to thank Josue again for his due diligence and attention to detail.
I hope this was helpful to everyone and I look forward to saying less "syllables" in future video publications. LOL
As always, you know the drill, Let's all "Stay Awesome!"
David
PS - I first began playing around with Godmode in September, 2016 (changing inputs, adding an LSMA, etc...)
In April, 2017 I posted my first publication for Godmode indicator and some changes I made to it. I've learned a LOT since then. Of course I also added "Bad Ass B-Bands" since then. Why? Phoenix Ascending (Godmode) helped me determine the "odds" for potential movement of price action going up or down AND for how long price action could potentially "continue" up OR "continue" down. The "issue" was Phoenix Ascending (Godmode) could not tell us WHERE the price action could go WHEN it moves up OR down. THIS is where "Bad Ass B-Bands" came into play to help solve that dilemma.
Here is that first post from April, 2017:
Nota
UPDATE:Setup Video for Phoenix Ascending and New Bad Ass B Bands:
Version 2.7 Update for Bad Ass B Bands to Help With Stop Loss:
Nota
UPDATE:By the way, I personally believe it is more important to focus on my "rules" and the "requirements" for those "rules" I've created for the Phoenix Ascending and Bad Ass B-Bands indicator rather than focusing on what each indicator is actually measuring.
As I've said before, this has been a "learning process" for me since September, 2016. Each quarter (on average) brings new discoveries. Always room for self improvement and improvement of indicators.
If this educational publication has inspired script writers to search and find new ideas to improve upon the indicators, it would be great if you would share your improved script with the community.
Thanks again for everyone's TIME and support as we grow in understanding and consistency in our analytics.
Stay Awesome!
David
Nota
UPDATE:Color Coordinate Between Bad Ass B-Bands indicator and Phoenix Ascending indicator:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.