Home | Trading Alchemy Indicator Manual | Trading Alchemy Strategies ManualAlchemy Functions Index:For function definitions, click on the corresponding function: |
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Alchemy2LineCross is a multiple-output function that returns different values based on the relation between 2 lines. The value of the slow line is passed by reference back to the variable oEntryLimit. |
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Alchemy3LineCross is a multiple-output function that returns different values based on the relation between a fast line and 2 slow lines. The value of a specified slow line is passed by reference back to the variable oEntryLimit. |
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AlchemyBearEngulfmnt identifies a
bearish engulfment bar. If
the criteria of a bearish engulfment bar is met, the AlchemyBearEngulfmnt
function returns 1, otherwise a -1 will be returned. |
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AlchemyBearishBar identifies a
bearish bar. If the criteria
of a bearish bar is met, the AlchemyBearishBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyBearishDiverg function
searches for and finds occurrences of highs in prices (i.e., High, Close,
etc.) not accompanied by highs in an oscillator (i.e., RSI, Percent R,
SlowD). If the criteria of the Bearish Divergence function is met, a +1
will be returned; if it has not been met, a 0 will be returned. |
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AlchemyBearReversal identifies a
bearish reversal bar. If the
criteria of a bearish reversal bar is met, the AlchemyBearReversal
function returns 1, otherwise a -1 will be returned. |
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AlchemyBearStrength function returns
the market's bearish strength based on the Keltner Channel's downside
running pattern. A Keltner Channel downside running pattern is
defined as a downside penetration of the lower Keltner band by a minimum
number of bars. |
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AlchemyBreakout is
a multiple-output function that returns all of the values of the
Alchemy
Breakout Indicator. |
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AlchemyBreakSta |
AlchemyBreakStartEnd is a function that returns true when an intra-day bar is outside a specified start and end time period and it returns false when an intra-day bar is within a specified start and end time period. |
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AlchemyBullEngulfmnt identifies a
bullish engulfment bar. If
the criteria of a bullish engulfment bar is met, the AlchemyBullEngulfmnt
function returns 1, otherwise a -1 will be returned. |
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AlchemyBullishBar identifies a
bullish bar. If the criteria
of a bullish bar is met, the AlchemyBullishBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyBullishDiverg function
searches for and finds occurrences of lows in prices (i.e., Low, Close,
etc.) not accompanied by lows in an oscillator (i.e., RSI, Percent R,
SlowD). If the criteria of the Bullish Divergence function is met, a +1
will be returned; if it has not been met, a 0 will be returned. |
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AlchemyBullReversal identifies
a bullish reversal bar. If
the criteria of a bullish reversal bar is met, the AlchemyBullReversal
function returns 1, otherwise a -1 will be returned. |
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AlchemyBullStrength function
returns the market's bullish strength based on the Keltner Channel's
upside running pattern. A Keltner Channel upside running pattern is
defined as an upside penetration of the upper Keltner band by a minimum
number of bars. |
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AlchemyChaikinOsc |
AlchemyChaikinOsc is a function that returns the Chaikin Oscillator value for the Alchemy Chaikin Oscillator indicator (Alchemy ChaikinOsc). |
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AlchemyDailyAccumPLEx is a multiple-output function that returns true when a specified maximum daily accumulated position profit or loss is reached. This function is used in the Alchemy Daily Accumulated Profit-Loss Exit Strategy (AlchemyDailyAccumProfitLossExit). |
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AlchemyDailyRes is a multiple-output function that returns the value of the next higher daily resistance that has not been violated yet. The value for the date of this daily high is passed by reference back to the variable oResDate. |
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AlchemyDailySupport is a multiple-output function that returns the value of the next lower daily support that has not been violated yet. The value for the date of this daily low is passed by reference back to the variable oSupportDate. |
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AlchemyDivergence function
searches for and finds divergence. It
returns +1 for bullish divergence, -1 for bearish divergence, otherwise it
returns 0. |
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AlchemyDivergeUniver is a multiple-output function that provides the calculation of bearish and bullish divergence of the Alchemy UniverDiverg indicator. |
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AlchemyDivergeUniv02 is a multiple-output function that returns the divergence values of our Alchemy Ultimate Divergence indicators within its multiple output variables. The function returns 1 when the multiple output variable oBullDiv is true, the function returns -1 when the multiple output variable oBearDiv is true and otherwise, the function returns 0. |
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AlchemyDoubleHighBar identifies
a double top bar. If the
criteria of a double top bar is met, the AlchemyDoubleHighBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyDoubleLowBar identifies
a double bottom bar. If the
criteria of a double bottom bar is met, the AlchemyDoubleLowBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyDualBearDiv function searches for and finds occurrences of highs in prices (i.e., High, Close, etc.) not accompanied by highs in an oscillator (i.e., RSI, Percent R, SlowD). If the criteria of the Bearish Divergence function is met, a +1 will be returned; if it has not been met, a 0 will be returned. This function contains the feature of being able to spot either regular divergence or reverse divergence. |
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AlchemyDualBullDiv function
searches for and finds occurrences of lows in prices (i.e., Low, Close,
etc.) not accompanied by lows in an oscillator (i.e., RSI, Percent R,
SlowD). If the criteria of the Bullish Divergence function is met, a +1
will be returned; if it has not been met, a 0 will be returned. |
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AlchemyDualDiverge |
AlchemyDualDiverge function
searches for and finds occurrences of lows in prices (i.e., Low, Close,
etc.) not accompanied by lows in an oscillator (i.e., RSI, Percent R,
SlowD). If the criteria of the Bullish Divergence function is met, a +1
will be returned; if it has not been met, a 0 will be returned. |
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AlchemyExpandedRange identifies
an expanded range bar. If the
criteria of an expanded range bar is met, the AlchemyExpandedRange
function returns 1, otherwise a -1 will be returned. |
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AlchemyFibExtension is a
multiple-output function that provides the swing high, swing low,
retracement point and its corresponding Fibonacci extensions of a
pre-determined swing. |
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AlchemyFibRetrace is a
multiple-output function that provides the swing high, swing low,
and its corresponding Fibonacci retracements of a
pre-determined swing. |
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AlchemyFTP is a
multiple-output function that provides the pivots for P, R1, R2, S1 and S2
of the traditional Floor Traders Pivots calculations. |
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AlchemyFTPivots is a multiple-output function that provides the pivots for P, R1, R2, R3, S1, S2 and S3 of the Alchemy Floor Traders Pivots indicator. |
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AlchemyHeikinAshiBpW is a multiple-output function that returns the price values of our Alchemy HeikinAshi indicator within its multiple output variables. The function returns 1 when the Alchemy HeikinAshi indicator is in an up trend and the function returns -1 when the Alchemy HeikinAshi indicator is in a down trend. |
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AlchemyHeikinAshiEntry returns the entry signals of our AlchemyHeikinAshiEntry strategy. |
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AlchemyHeikinAshiExit returns the exit signals of our AlchemyHeikinAshiExit strategy. |
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AlchemyHookPivot is
a multiple-output function that returns the values of a pivot point that
is associated with a hook |
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AlchemyInsideBar identifies
an inside bar. If the
criteria of an inside bar is met, the AlchemyInsideBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyLowerKeltner function
returns the lower band of the Keltner Channel. Keltner Channel is a
channel that is based on a multiple of average true ranges above and below
a moving average. KeltnerChannel is most
commonly used with studies or strategies that measure or take advantage of
market volatility. It is similar in concept to the BollingerBand
function. |
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AlchemyMACD returns the difference
between a fast and slow exponential or simple moving average based on the
same Price, using either number of trailing bars or a smoothing factor
percen |
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AlchemyMajorHigh
is
a multiple-output function that returns the value of the next higher
major high that has not been violated yet.
The value for the bar number of this major high is passed by
reference back to the variable oHighBar |
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AlchemyMajorLow is a multiple-output function that returns the value of the next lower major low that has not been violated yet. The value for the bar number of this major low is passed by reference back to the variable oLowBar. |
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AlchemyMCD returns the difference
between a fast and slow exponential moving average based on the same
Price, using either number of trailing bars or a smoothing factor
percentage. |
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AlchemyMidKeltner function returns
the Mid Keltner. Keltner Channel is a channel that is based on a
multiple of average true ranges above and below a moving average. KeltnerChannel is most commonly used with studies or strategies
that measure or take advantage of market volatility. It is similar in
concept to the BollingerBand function. |
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AlchemyMomentumTrigger |
AlchemyMomentumTrigger is a multiple-output function that provides the plot values for the indicator Alchemy MomentumTrig. |
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AlchemyMultOscDiv is a
multiple-output function that provides the calculation of Bearish and
Bullish Divergence between price and 2 oscillators. The first
oscillator can be specified to require a minimum hook slope. |
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AlchemyMultOscHkDiv is a
multiple-output function that provides the calculation of Bearish and
Bullish Divergence between price and 2 oscillators. The first
oscillator can be specified to require a minimum hook slope.
Additionally to the AlchemyMultOscDiv
function, AlchemyMultOscHkDiv also
passes the hook bar numbers. |
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AlchemyOHLC |
AlchemyOHLC
is a multiple-output function that provides the session open, high, low
and closing prices as well as the session open, high, low and closing
bar numbers. |
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AlchemyOutsideBar identifies an
outside bar. If the criteria
of an outside bar is met, the AlchemyOutsideBar
function returns 1, otherwise a -1 will be returned |
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The Stochastic oscillators indicate overbought and oversold areas in
the market, based upon momentum or price velocity. AlchemyPercentD
returns the values for the Stochastics D line. |
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This is a Stochastic function, smoothed by use of a moving average
technique. The value returned represents the D line in the Stochastic
indicator. AlchemyPercentDSlow returns
the values for the Stochastics DSlow line on multiple data series. |
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AlchemyPercentDSlowS |
This is a Stochastic function, smoothed by use of a moving
average technique. The value returned represents the D line in the Stochastic
indicator. AlchemyPercentDSlowS returns the
value for the Stochastics Type 1 Stochastic DSlow line of the
Alchemy %DsHook indicator. |
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This is a Stochastic function. Stochastics are oscillators that are
used to indicate overbought and oversold conditions in the market based on
the premise that during periods of price decreases, bar closes tend to
accumulate near the Low of the bar, and during periods of price increases,
bar closes tend to accumulate near the High of the bar. AlchemyPercentK
returns the values for the Stochastics %K line. |
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AlchemyPercentTrlSt is a multiple-output function to be used with strategies. It detects if the current position is either long or short and calculates a percent trailing stop from the entry point forward. The function returns the percent trailing stop value for the current position. The value for the position high in a long position and the position low in a short position is passed by reference back to the variable PosHi. |
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AlchemyPivDiverge is a
multiple-output function that provides the calculation of Bearish and
Bullish Divergence between price and a specified indicator. It also
passes the previous pivot high/low and the number of bars ago when this
previous pivot high/low occured. |
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AlchemyPivDivergence is a multiple-output function that provides the calculation of Bearish and Bullish Divergence between price and a specified indicator. |
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AlchemyPivotStop is a multiple-output function that provides the real time swing high, swing low, trend and pivot stop of the Alchemy PivotStop indicator. |
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AlchemyPivotStopFC is a multiple-output fast calculation function that provides the real time swing high, swing low, trend and pivot stop of the Alchemy PivotStop indicator. |
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AlchemyPivRetrace is a
multiple-output function that provides the real time swing high, swing low
and its corresponding Fibonacci retracements based on the swing
calculations of the Alchemy PivotRetrace indicator. |
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AlchemyPriceRatio returns the price ratio between 2 data series applied on the same chart by dividing the specified dividend price by the specified divisor price. |
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AlchemyPriceRatioS returns the price ratio between the close of data series 1 and the close of data series 2. |
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AlchemyPRTTrlSt is a multiple-output function to be used for trailing stop strategies. It detects if the current position is either long or short and calculates retracement pivots from the entry point forward. It returns a +1 if the PivotRetracementTrend is up and a -1 if the PivotRetracementTrend is down. The value for the swing trend is passed by reference back to the variable oTrend. The value for the swing high is passed by reference back to the variable oPRTHigh. The value for the swing high bar number is passed by reference back to the variable oPRTHighBar. The value for the swing low is passed by reference back to the variable oPRTLow. The value for the swing low bar number is passed by reference back to the variable oPRTLowBar. The value for the retracement high is passed by reference back to the variable oRetraceHigh. The value for the retracement high bar number is passed by reference back to the variable oRHBar. The value for the retracement low is passed by reference back to the variable oRetraceLow. The value for the retracement low bar number is passed by reference back to the variable oRLBar. |
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AlchemyRollingPivots is a
multiple-output function that provides the pivots for P, R1, R2, R2, S1,
S2 and S3
of the Alchemy Rolling Pivots indicator. |
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AlchemyRSI returns
the Relative Strength index as defined by Welles Wider. |
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AlchemySignalLine returns
the exponential moving average of the Mov Avg Convergence Divergence,
using either number of trailing bars or a smoothing factor percentage. |
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AlchemyStartEndTimes is a function that returns true when an intra-day bar is within a specified start and end time period and it returns false when an intra-day bar is outside a specified start and end time period. |
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The Stochastic oscillators indicate overbought and
oversold areas in the market, based upon momentum or price velocity. AlchemyStochastics
returns the values for the Stochastics line. |
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The AlchemyStrngTrndOrig function is a multiple-output function that provides all of the values of Alchemy Strong Trend Indicators. |
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AlchemyStrongTrend is a multiple-output function that returns the strong trend paint bar and entry zone values of the Alchemy Strong Trend indicators . |
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The AlchemyStrongTrend201111 function is a multiple-output function that returns the strong trend paint bar and entry zone values of the Alchemy TrendCatcher (Alchemy TrendCatcherComplete) indicator. |
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AlchemyTrendBuy function
returns values representing buy signals based on the Keltner Channel's
upside running pattern. A Keltner Channel upside running pattern is
defined as an upside penetration of the upper Keltner band by a minimum
number of bars. |
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AlchemyTrendCatcher is a multiple-output function that returns the values of the Alchemy TrendDirection (Alchemy TrendDirection) indicator. |
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AlchemyTrendDirection is a multiple-output function that returns the trailing stop value of the primary TrendDirection stop of the Alchemy TrendCatcher (Alchemy TrendCatcherComplete) indicator. |
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AlchemyTrendDirectionOOEL is a multiple-output function that returns the trailing stop value of the secondary TrendDirection stop of the Alchemy TrendCatcher (Alchemy TrendCatcherComplete) indicator. |
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The AlchemyTrender is a multiple-output function that provides the trailing stop value, trend direction and the highest high or lowest low of the Alchemy Trender indicator. |
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AlchemyTrendSell function
returns values representing sell signals based on the Keltner Channel's
downside running pattern. A Keltner Channel downside running pattern
is defined as a downside penetration of the lower Keltner band by a
minimum number of bars. |
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AlchemyTripleHighBar identifies
a triple top bar. If the
criteria of a triple top bar is met, the AlchemyTripleHighBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyTripleLowBar identifies
a triple bottom bar. If the
criteria of a triple bottom bar is met, the AlchemyTripleLowBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyUniversalPiv is a multiple-output function that provides a previous pivot's high/low price and its corresponding bar numbers. |
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AlchemyUpperKeltner function
returns the upper band of the Keltner Channel. Keltner Channel is a
channel that is based on a multiple of average true ranges above and below
a moving average. KeltnerChannel is most
commonly used with studies or strategies that measure or take advantage of
market volatility. It is similar in concept to the BollingerBand
function. |
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The AlchemyVolatileTrlIn function returns the volatility trailing stop value starting from an entry point on the chart as determined by its entry inputs. |
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AlchemyVolatileTrlSt is a multiple-output function to be used with strategies. It detects if the current position is either long or short and calculates a volatility trailing stop from the entry point forward. The function returns the volatility trailing stop value for the current position. The value for the position high in a long position and the position low in a short position is passed by reference back to the variable PosHi. |
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AlchemyVolatility |
AlchemyVolatility is a multiple-output function that provides the trailing stop value, trend direction and the highest high or lowest low for the older version of the Alchemy Automatic Volatility Stop indicator (Alchemy VolatStpAuto). |
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AlchemyVolatilityPrice |
AlchemyVolatilityPrice is a multiple-output function that provides the trailing stop value, trend direction and the highest high or lowest low for the newest version of the Alchemy Automatic Volatility Stop indicator (Alchemy VolatStpAuto). |
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AlchemyVolatilitySignal |
AlchemyVolatilitySignal is a multiple-output function that provides the entry signals of the AlchemyVolatilityEntryExit strategies. |
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AlchemyVolatilityStp |
The AlchemyVolatilityStp is a multiple-output function that provides the trailing stop value, trend direction and the highest high or lowest low of the Alchemy Automatic Volatility Stop indicator. |
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AlchemyWeakInsideBar identifies
a weak inside bar. If the
criteria of a weak inside bar is met, the AlchemyWeakInsideBar
function returns 1, otherwise a -1 will be returned. |
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AlchemyWeakRangeBar identifies
an weak range bar. If the
criteria of a weak range bar is met, the AlchemyWeakRangeBar
function returns 1, otherwise a -1 will be returned |
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AlchemyXFactoredAvg function
is a weighted moving average of the prices of the last length bars. This
function returns the current value of the exponentially smoothed moving
average using either number of trailing bars or a smoothing factor
percentage. |
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AlchemyZigZagPnts function returns the values
for the
Alchemy TrendVolumeZigZagPnts indicator. |
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AlchemyZigZagPntsOOEL function returns the values for the Alchemy TrendVolumeZigZagPntsOOEL indicator. |
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