Description
The Swami Predict study is a technical indicator designed for Thermo Mode; it is a momentum oscillator which measures fluctuations in Close price relative to recent peaks using digital signal processing techniques. The purpose of this study is to get an early view of a price movement and predict possibility of its persistence: like in all Thermo Mode specific studies, shorter lookback periods reflect recent changes, middle range periods are used for confirmation, and the longest ones signify possibility of continuation.
In default color scheme, plain green areas are indicative of the bullish mood; red areas, bearish. Flashes of red against the green background suggest a Sell signal as a considerable correction might be expected. In contrast, green area emerging after plain red might indicate a Buy signal.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used in calculations. |
length
|
The number of bars used in calculations. |
Plots
| Plot | Description |
|---|---|
Aurora
|
The Swami Predict plot used in Thermo Mode. |
Further Reading
1. "Setting Strategies With Swami Charts" by John F. Ehlers and Ric Way. Technical Analysis of Stocks & Commodities, April 2012.
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.