Mean Reversion and Momentum Interpretation: - Divergence means trend reversal - Parallel movement means trend continuation Squares above serve as a confirming signal
An advanced RSI indicator to help you spot divergences with the price action. Everyone can use the indicator. Leave a like if you find it helpful !
This is a variation of the DBT MoMo created to help find divergence patterns on any time frame. A divergence is found when price makes a higher high, but the MoMo makes a lower high (bear divergence) or when price makes a lower low, but the MoMo makes a higher low (bull divergence). This indicator has warning signals and confirmation signals when a divergence...
Plots where RSI or MFI is inside its Bollinger Bands. Various strategies: good to see the trend (above/below average), overbought/oversold conditions (you could work a strategy around RSI getting out of overbought/oversold conditions as shown in the screenshot), divergences, etc... I will also publish a Bollinger Bands width of RSI to identify areas of squeeze in...
This is an accumulation of small buy orders and a complete sell order strategy, that can be used for manual trading or for a trading bot. The strategy is based on stockastic divergences ( an indicator that I made myself and is published on my profile earlier ), and I added my personnal touch of course. Note that the bullish and bearish stochastic divergences are...
Primary and Secondary EMA Cross analysis for Long and Short with Stoch/MACD/RSI Analysis + Ichimoku Cloud The script will let you choose to show (or not): *Primary EMA Trend *Secondary EMA Trend *Stochastic Alerts *MACD Alerts *RSI Alerts *LONG or SHORT Alerts It will also let you configure the EMA periods. ichimoku, MACD and RSI seetings The cost to...
Simple RSI Divergence with adjustable lookback period. Highlights bars with higher price but lower RSI (bearish) or lower price but higher RSI (bullish) than the highest/lowest points in the lookback period.
MACD Line instead of MACD histogram or area. This gives more opportunities to catch divergences. I showed regular MACD Histogram on top and then this indicator on bottom and showed with the red and green lines where you could catch multiple bearish and bullish divergences using this indicator vs a regular MACD histogram. Send me a private message to join my...
This is an experimental study inspired by the Quantitative Qualitative Estimation indicator designed to identify trend and wave activity. In this study, rather than using RSI for the calculation, the Dual Volume Divergence Index oscillator is utilized. First, the DVDI oscillator is calculated by taking the difference between PVI and its EMA, and NVI and its EMA,...
Simple Divergence Indicator built specifically for the Quick-Fire Strategy, but can be used to compliment any strategy and/or timeframe. Please learn what divergence is and how to chart on your own before using. Thank you.
The MACD indicator can produce some powerful divergence signals which can be useful confirmation for entering / exiting a trade. This indicator generates and alert and plots (if enabled), when a divergence is detected. For example, if bullish (above zero) and two bearish MACD crosses are detected with the second being lower than the first, a bearish divergence...
View Total Volume, Bull Volume, and/or Bear Volume. View Volume Effectiveness to reveal how Volume has effected the price. View the Moving Average of any of the above metrics, selecting one or more types of moving averages(SMA, EMA, RMA, SWMA, VWMA, WMA, or ALMA). Create nearly infinite crossovers by activating the Secondary Moving Average and choosing a longer...
These are rare RSI Divergence situations that will rarely show, but has a very high success ratio for most tested timeframes. It is a lot better at calling the Shorts than Longs currently. More versions coming soon. If you have any questions feel free to reach out to me or any Edge Analysis Group staff. Enjoy the latest free script!