SUPERALGOS GOVERNANCE
Data Mining Team Proof Of Value April 2023
Digging up the data
This month, three new indicators were committed to the ever growing repository by quantum8; two in the quantum mine and one in the Volume Tools Mine.
Quantum Mine
Jurik Volatility
The Jurik Filtered Composite Fractal Behaviour Volatility index creates an enhanced version of the classic ADX indicator.
This indicator is regarded as a superior version of classical ADX indicator and lets you see the underlying trend activity. It has extremely low lag, is very smooth and responsive. It provides the trend strength filter, as well as a moving average that acts as a trend filter.
MOBO Bands
The MOBO (MOmentum BreakOut) indicator attempts to identify momentum breakouts and provides possible entry and exit signals.
This indicator uses the standard deviation of the price action to attempt to predict possible breakouts in the preferred direction of trade. If a possible entry is found, a green signal is produced. Potential exit signals, or sell signals are produced with the red colour.
Volume Tools
VTDFI
The Volume Trend Direction Force Index, originally by Pyotr Wojdyo for the metastock trading platform, uses the idea that there is enough trend directional force to enter a trade.
This indicator builds upon this idea with the addition of volume force spikes to further help identify potential entries.
End Notes
With many more indicators in the pipeline, stay tuned for future updates in the area. As always, if you would like an indicator that’s not already in Superalgos, come chat with us in the telegram or discord groups.
