The RMI indicator is intended as a general upgrade to the RSI indicator based on logical improvements to the underlying mathematics of the RSI function. The first change is that the RMI indicator uses the maximal change in price in both directions rather than simply the change in the closing price to better capture the relative momentum in each direction. The...
Compares price change between current symbol and other one (eg. BTC vs S&P500). It calculates price change on each bar (from high to low or from open to close) and compares with price change of equivalent bar from the other source. Example Current symbol open = 10 USD close = 7 USD change = -3 USD % change = -30% Second symbol open = 3 USD ...
DESCRIPTION: After receiving some multiple request to provide a MACD indicator that displays multiple timeframes at the same time I created this simple script. You can use this script for free and adjust it as much you like. With this script you can plot 6 MACD lines & 6 Signal lines. • Current Timeframe MACD Line • Current Timeframe Signal Line • 15 minute...
PRISM Signals is an advance algorithm designed to generate bullish/bearish signals derived from the scoring of the PRISM oscillators set as its driving engine, with >1000 lines of code . The PRISM Oscillator Set consists of: (1) A modified-pSAR derived main driving oscillator (P-Oscillator). (2) With MAJeStic (Momentum, Acceleration, Jerk, Snap)...
Micro version of the MACD Positioning ATR - uses ATR to position indicator 1.5x above high of the Nth bar (needs improvement) Absolute - allows you to specify the zero line position using price on the chart.
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background Mel Widner developed the Rainbow Oscillator and published it in 1997 in the Technical Analysis of Stocks and...
This is a test that offers insight into whether and asset is heading into bullish or bearish territory. This indicator/test offers insight into the Exponential Moving Average's velocity and acceleration as well as the Stochastic RSI's velocity, acceleration and jerk. Included is a 'Stochastic Difference' and 'Stochastic Growth' indicators (commented out) that...
This indicator show percentage of price profit (Shadow/Up/Down)
This is our newest momentum based indicator. With this indicator, we have combined several oscillators including RSI and Stochastic to provide the user with best entries for your trading. When the oscillator is above the over bought bands (white line at the top) and crosses down the signal (dotted lines), it is usually a good SELL signal. When the oscillator...
Introducing, the Uber Dank CCI + Captain Beefheart Bollinger Bands Extraordinaire Its bollinger bands, CCI and CCI Bollinger Bands all in one. The color of the CCI shows the condition of the bollinger band on chart. Close > upper band = red Close > basis = yellow Close < basis = blue Close < lower band = green Then a bollinger band is printed on the CCI...
Squeeze Momentum from LazyBear now visible at the chart so you can check when the Squeeze its about to release. All credits for him.
How to detect the current "market beat" or market cycle? A common way to capture the current dominant cycle length is to detrend the price and look for common rhythms in the detrended series. A common approach is to use a Detrended Price Oscillator (DPO). This is done in order to identify and isolate short-term cycles. A basic DPO description can be found...
What is MechaOscillator? MechaOscillator was created as a companion to our main script MechaAlgo. Using MechaOscillator along with MechaAlgo will allow you to boost your overall understanding of any market, and make more informed decisions as a trader. Feature List Built-In Improved WaveTrend Oscillator Buy & Sell Signals Bullish and Bearish...
Came across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure. Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits). Long entry contains 4 conditions and is generated when price is above the 200EMA (1),...
Here is my All in One Strategy converted into a Study with Alert Conditions you can use for whatever purpose you wish. Each condition is set up similarly to the way I had the strategy set up, if you pick the indicators you want to base your alerts on it will alert you only if the check box is true. You can pick one or more of the indicators if you'd like. I...
█ OVERVIEW This plots the QQE (Quantitive Qualitative Estimation) with the addition of labels to show areas to watch out for and a colored cloud to show Green Upwards or Red Downwards Momentum The QQE indicator is based on Wilder's RSI, which is based on a smoothed RSI comparing the change (delta Δ) between between bars to compute the FastTL and SlowTL...
This case study is based on a previous MACD study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any...
A quick script used to predict the average value the price should have to create a cross between a slow and fast MA at a given time. The line is red when the current cross is bullish and the line is green when the current cross is bearish. Crossing a red line downwards means that the price is getting lower and a bearish death cross is impending. Crossing a green...