LazyBear

Firefly Oscillator [LazyBear]

This is a modified version of a public Amibroker indicator, called Firefly.

I disabled the additional smoothing (you can enable it via options page) and updated the visual rendering (simple 3D look, histo, bar colors et al). Also, have added an option to show enclosing BB.

You can trade this like any other oscillator -- 80/20 OB/OS levels, divergences, ...

Here's a chart showing some possible customizations that are supported:

Do let me know what you guys think.

List of my public indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
// Original idea from a public Amibroker indicator published by @Yasu
//
study(title = "Firefly Oscillator [LazyBear]", shorttitle="FIREFLY_LB")
m=input(10,title= "Lookback Length", minval= 5, maxval=20)
n1=input(3, title="Signal Smoothing", minval=3, maxval=10)
as=input(false, title="Double smooth Osc")
bt=input(false, title="Use ZLEMA")
seb=input(false, title="Show Enclosing BB")
lbb=input(20, title="Enclosing BB Length")
mbb1=input(2.0, title="Enclosing BB Multiplier")
hbr=input(false, title="Highlight Breaches")
ebc=input(false, title="Enable bar colors")
calc_zlema(src, length) =>
	ema1=ema(src, length)
	ema2=ema(ema1, length)
	d=ema1-ema2
	ema1+d
ma(s,l) => bt==false?ema(s,l):calc_zlema(s,l)
v2=(high+low+close*2)/4
v3=ma(v2,m)
v4=stdev(v2,m)
v5=(v2-v3)*100/iff(v4==0,1,v4)
v6=ma(v5,n1)
v7=as?ma(v6,n1):v6
ww=(ma(v7,m)+100)/2-4 
mm=highest(ww,n1) 
plot(ww!=50 and mm!=50 and ((ww>50 and mm>50) or (ww<50 and mm<50))?50:na, color=gray, style=linebr, title="Midline")
d=ww>50?min(ww,mm):mm<50?max(ww,mm):na
dc=d>50?d>d[1]?green:orange:d<d[1]?red:orange
plot(seb?na:d, title="Histo", linewidth=2, color=dc, histbase=50, style=histogram) 
wwl=plot(ww, title="Oscillator", linewidth=1, color=red) 
mml=plot(mm, title="Signal", linewidth=1, color=green) 
fill(wwl,mml,red, transp=60, title="OscillatorSignal Fill")
basis = seb?sma(ww, lbb):na
dev = seb?mbb1 * stdev(ww, lbb):na
upper = seb?basis + dev:na
lower = seb?basis - dev:na
// Uncomment the next line to show BB midline
//plot(basis, color=#0066CC, title="Enclosing BB Mid") 
p1 = plot(seb?upper:na, color=gray, title="Enclosing BB Upper")
p2 = plot(seb?lower:na, color=gray, title="Enclosing BB Lower")
fill(p1,p2, gray, title="Enclosing BB Fill")
b_color = (ww > upper) ? red : (ww < lower) ? green : na
bgcolor(hbr ? b_color : na)
bc=ebc?d>50?d>d[1]?lime:orange:d<d[1]?red:orange:na
barcolor(bc)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Komen

Thank you very much Lazybear! This indicator made it through my benchmark with an "A". Firefly gives really good signals as you can see here:

+1 Balas
ChartArt ChartArt
ZeroLagEMA is very aggressive and distorting the signal too much:

+1 Balas
ChartArt ChartArt
Bitcoin could be at the bottom here in May 2015, if enough people feel the same way:

+1 Balas
LazyBear ChartArt
Better to wait for an uptick.
+1 Balas
LazyBear ChartArt
YW. Glad to hear it paused your tests :)

For quick entries/exits, make sure Double smoothing is OFF.
Balas
LazyBear LazyBear
* passed.

Damn autocorrect.
Balas
Some charts:

MSFT did a nice W:


EURUSD - osc doing a good runup:

+1 Balas
can you make a firefly version of IMACD
Balas
LazyBear QuantitativeExhaustion
Firefly version? Can you give me more details?
Balas
Ribbons on both up and down with IMACD
Balas
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