Sunny_Bands:
Displays two lines bounding the Dynamic Moving Average, which are calculated as 1.5 times the current Average True Range. When price is in the upper half of the band, it tends to be bullish; when price is in the lower half of the band, it tends to be bearish. Watch crossover points carefully for transitions from bull to bear and vice versa.
Pennant_Finder:
One thing we know to be true of the market is that "it won't go nowhere forever." Or at least that is my current belief. It won't just stay in one place forever. If that's true, then when we find a place in the market where prices are at a standstill, we should be poised and ready for a breakout. Whether it will be to the upside or the downside, we don't know. But we can have trading stops in place on both sides, ready to take advantage of any potential fast moves.
Ascending and Descending Blue lines highlight pennant formations. The horizontal red lines show the tops and bottoms of the pennant formations. Displays 4 bar (variable) pennants as they occur, giving you a measure of congestion as well as support and resistance.
Pennant_Finder for RadarScreen:
The Pennant Finder for RadarScreen displays table showing top and bottom of most current pennant, and Alert column for congestion vs BreakOut.
PHW for charting:
In my research, I always begin with the same, single question: "What Is True?" I always start from nothing and make no assumptions, and see what I can find out. When trying to discover "What Is True?" about any market, in any time frame, I want first to know where all the ideal trades would be, if it were possible to trade ideally (which we already know it is not--this is just an exercise in seeing how close we can get.)
For this phase of my research I invented an indicator that I call PHW, for Potential Hourly Wage. I ask the question, is trading this instrument worth it? Or, would I be better of working at a minimum wage job? So, how much money can this system or strategy make in a year, and then divide that answer by 2000 hours. Then you will know whether you'd be better off working at McDonalds.
PHW for RadarScreen:
Potential
Hourly Wage (PHW) isolates the ideal pivot points for buying and selling
by highlighting the turning point from which the market has moved x%
(you specify the percent). Of course, this is an after-the-fact
indicator, but I use it to keep me on track with whether I am really
doing a good job of trading by capturing maximum profits. I also
use this indicator when researching new systems. Before writing a
system, you need to know where the ideal points are, and then write your
code accordingly.Sunny_Dynamic_Average:
I have believed for years that for a strategy to continue to work over long periods of time in the markets it must be simple. Simple strategies continue to work, complex strategies eventually fail as the markets change.
A moving average crossover system is just such a simple strategy. However, it is too simple to work really well. In trending periods, if you have chosen the right moving average to illustrate the trend, then you can do well with a simple moving average. But, when the market becomes choppy (as it always eventually does) your simple moving average will begin to fail. This is when all traders give up most of their profits.
Over the years I found something in Jake Bernstein's work that showed the MACD in conjunction with the ADX as a filter, which greatly improved the results of moving averages both in the trending times and in the choppy times. In fact, this was the concept I settled on initially in my personal trading, and it worked well.
But, as time went on I, like all curious traders, wondered if there wasn't something better, that could get me closer to those yellow PHW targets. I reasoned that as markets expand and contract, they move faster and slower. And, as they change the speed of their movement from fast to slow and back to fast, the moving average should be able to change its inputs accordingly, so that it would speed up and slow down. One way to accomplish this would be to optimize the inputs on a daily or weekly basis.
I worked for years on different ideas, researching and experimenting until I found a solution I am proud of--my Dynamic Moving Average. Many people have worked on the same or similar concepts and have come close to satisfactory answers. But, in my analysis of each of my competitors' solutions, I have not found any of them to behave as well as mine in as many different market conditions.
Unlike standard moving averages, this indicator is proprietary to Sunny Harris and varies its length according to the speed of the market. It tends to greatly reduce whipsaw, over ordinary moving averages.
Sunny_Dynamic_Average Histogram:
Written so that the crossover of the SDMA lines becomes an oscillator
crossing back and forth
across the zero line, some think that this indicator is easier to read
than the dual moving average lines.
Sunny_Dynamic_Average for RadarScreen:
This view of the indicator allows one to view the values for both moving average lines, as well as the computed difference between them (Diff). The column labeled T/F shows "F" if the averages are wide apart; it shows an alert "Watch" to tell you when the averages are getting close together and might be about to cross. These are good stocks to take a look at, to see if there are other technical indications signaling a buy or sell.
What Time Is It?
On this chart it is 9:45am on the 12th of October, 2007. The indicator writes the text on the last bar on the chart. I like to see the time motion along with the price movement.
Current Position Market Value
Instant identification of the current profit or loss in the open trade.
CPC Index on Chart
The CPC Index, which is Sunny's measure of the failure or success of any system, is printed right on the chart of a system, allowing instant identification of the Index itself and the parameters which make up the equation.