FTLM-STLM oscillator

[Apprentice]

Fast Trend Line Momentum (FTLM) and Slow Trend Line Momentum (SLTM) indicators show the rate of price change, FATL and SATL are calculated the similar way as Momentum indicator.
FTLM(bar) = FATL(bar) – RFTL(bar)
STLM(bar) = SATL(bar) – RSTL(bar)

where:
FATL(bar) - FATL digital filter;
RFTL(bar) - RFTL digital filter;
SATL(bar) - SATL digital filter;
RSTL(bar) - RSTL digital filter;

FTLM-STLM.lua

(11.64 KiB) Downloaded 791 times

[StefPasc]

This is very interesting and an excellant job of Apprentice, as always !!
I think it would be very helpfull to the analysis, to add 2 more indicators : FATL and SATL
The possibility to display FATL and SATL as indepented indicators will help the interpretion of FTLM and STLM according to the author.
I think it is easy to create these 2 indicators as long as they are already in the calculation of FTLM and STLM.
Thank you in advance

[Apprentice]

Separate versions.

FTLM.lua

(5.07 KiB) Downloaded 670 times

STLM.lua

(7.84 KiB) Downloaded 651 times

FTLM-STLM Components.lua

(12.09 KiB) Downloaded 710 times

[StefPasc]

Dear Apprentice
I was talking about the FATL and SATL indicators in separate versions.
Kindly have a look at the calculation of FTLM and STLM that is
FTLM(bar) = FATL(bar) – RFTL(bar)
STLM(bar) = SATL(bar) – RSTL(bar)

I am reffering to FATL and SATL not the FTLM and STLM.
Thank you again

[Apprentice]

Try, FTLM-STLM Components.

[StefPasc]

Try, FTLM-STLM Components.

Dear Apprentice ,

please believe me I dont know how to thank you !
This is a lot more than I expected !
Thank you again .
Please , if and when you have the time add 2 more conponents that are the last 2 ones to integrate the analysis

These components are :

1) RBCI , where
RBCI = FATL - SATL

2) PCCI where
PCCI = close - FATL

Thank you again and kindly forgive me for asking so much !
Many greetings from Greece

Stefanos

[Apprentice]

Your request is added to the development list.

[StefPasc]

Your request is added to the development list.

thank you again Apprentice
I will wait patiently !

[Apprentice]

components added

[Coondawg71]

download error after last components addition from today.

Error states:

FTLM-STLM Components.lua 337"=" expected near "out"

Thanks,

sjc