I was tired of not having something to compare the real economic strength of a country (US only for now...) to it's companies valuations. So I made my own! Trading view does not have the wilshire indice, but it has the Rus 3000, good enough, & the US GDP since 1946 so this is what I am using. Warren Buffet is famous for liking this so now the idea has its name....
Strategy based on a modified RSI and VI indicators. Best Results with heikin ashi representation.
Inverse Fısher Transformed WMA Smoothed RSI and Vortex ROC
Strategy based upon combination with, ROC of Vortex, modified RSI, modified Price ROC, Bu da mı gol değil?
Vortex Indicator, with Inverse Fisher and Hull Moving Average
Scripted longs and shorts to the vortex indicator. It doesn't work like Vortex due to the two plots never crossing to congest. Blue line: longs Red line: shorts Histogram: net volume, ohlc4 of both. Green if previous candle close had lower net volume, black if the previous candle close had more. Deviance from the histogram: increased volume for the long or short...
Vortex Indicator showing Positive and Negative buying pressure. Included is a MACD Histogram that has been adjusted to the 1.00 plot line as base line instead of 0.00
A problem I noticed with the built in Vortex indicator was that it didn't include any defined thresholds that are important to understanding how to read the vortex indicator. So I modified the vortex indicator in order to have the thresholds built in so you don't have to draw horizontal lines on your chart.