m-oscillator

LazyBear Wizard

Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice. Updated source: pastebin.com Use the updated source instead of the what TV shows below. This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11). Black crosses on the...

LazyBear Wizard

VFI,introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications: * Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish. * The calculation is based on the day's median (typical price) instead of the closing price. * A volatility threshold...

LazyBear Wizard

This indicator displays the trend-adjusted price activity of a security. It oscillates around the zero-line. It is usually plotted as OHLC, but Pine doesn't have this support yet. So, I have rendered OHLC separately (see chart for the details). This indicator is particularly useful for ‘scalping’ in a sideways market, where there is limited movement taking...

HPotter Wizard

This is the second part of TFS trading strategy. The concept of this indicator is similar to that of On-Balance Volume indicator (OBV). It is calculated according to these rules: If Close > Open, Volume is positive If Close < Open, Volume is negative If Close = Open, Volume is neutral Then you take the 7-day MA of the results.

LazyBear Wizard

Rainbow Charts, by Mel Widner, is a trend detector. It uses recursively smoothed MAs (remember, this idea was proposed back in 1997 -- it was certainly cool back then!) and also builds an oscillator out of the MAs. Oscillator bands indicate the stability range. I have also included a simple binary wave based on whether all the MAs are in an upward slope or not....

LazyBear Wizard

I have included ports of 2 indicators from MT4 (not from the original commercial source). I couldn't cross check if these matched their commercial equivalents (you need to assume they don't!). If you own any of these in other platforms, appreciate if you could publish some comparison results here. Kase Peak Oscillator is the difference between two trend...

HPotter Wizard

The Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning from prior research on volume by such well-known technicians as Joseph Granville, Larry Williams, and Marc Chaikin, Mr. Klinger set out to develop a volume-based indicator to help in both short- and long-term analysis. The KO was developed with two seemingly opposite...

LazyBear Wizard

Volume-Weighted MACD Histogram ------------------------------------------------------------------------------------- Volume-Weighted MACD Histogram, first discussed by Buff Dormeier, is a modified version of MACD study. It calculates volume-averaged Close price for finding the histogram. More info: www.moneyshow.com Sentiment Zone Oscillator ...

LazyBear Wizard

WaveTrend Oscillator is a port of a famous TS/MT indicator. When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal. I have marked some cross-overs in the...

LazyBear Wizard

1) Trix Ribbon =============================================================== This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy. Also, optionally this can plot a BollingerBand on Trix_1. More info on Trix: stockcharts.com 2) High/Low/Close Trend Indicator ...

LazyBear Wizard

Guppy Multiple Moving Averages --------------------------------- Developed by Daryl Guppy, the basic idea of Multiple moving average(MMA) is to view the trend as two band of moving averages – short term band and long term band. Shortterm averages capture the inferred behaviour of traders and long term represents the investors. Uses fractal repetition to...

LazyBear Wizard

These 2 indicators are derivative work from Jim Hurst's book - "The Magic of Stock Transaction Timing". The bands are % bands around a median that gets calculated according to Hurst's formula. The outer bands (called ExtremeBands) signify extreme overbought/oversold conditions. Inner bands signify potential pullback points. As you can see, they also act as...

HPotter Wizard

Hi, This Indicator plots the Force Index as described by Dr. Alexander Elder in "Trading For a Living." The ForceIndex indicator relates price to volume by multiplying net change and volume. ForceIndex is calculated using the following equation: ForceIndex = Volume(today) * (Close(this period) - Close(last period)) ForceIndex is...

LazyBear Wizard

All these indicators are by Mel Widner. Projection Bands : ------------------------------------------------------- These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band. Projection...

HPotter Wizard

Hi Let me introduce my Detrended Price Oscillator script. The Detrend Price Osc indicator is similar to a moving average, in that it filters out trends in prices to more easily identify cycles. The indicator is an attempt to define cycles in a trend by drawing a moving average as a horizontal straight line and placing prices along the line...

HPotter Wizard

Hi Let me introduce my CMO Oscillator with Filter script. This indicator plots a CMO which ignores price changes which are less than a threshold value. CMO was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive...

HPotter Wizard

This indicator plots Chandre Momentum Oscillator and its WMA on the same chart. This indicator plots the absolute value of CMO. CMO was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls ?pure momentum". For more definitive information on the...

HPotter Wizard

Hi Let me introduce my CMOabs Oscillator script. This indicator plots the absolute value of CMO. CMO was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we...