QQE of Parabolic-Weighted Velocity is a QQE indicator that takes as its input parabolic-weighted velocity calculation. This version can help in determining trend. Adjust the calculating period to your trading style: longer - to trend traders, shorter - for scalping. What is Qualitative Quantitative Estimation (QQE)? The Qualitative Quantitative Estimation...
This one is a very random indicator but with an excellent concept. Unfortunately, I don't know much about the origin of this indicator or who made it. Still, the first appearance was around 2004 on a Meta Trader forum. There are a lot of variations of the J_TPO indicator. One of them is the J_TPO Velocity. The difference from the original version is that it uses...
This indicator is very strong in identifying short-term trends, and was made for trading stocks and commodities. When it is green, it indicates an uptrend, and red indicates a downtrend. The transparency of the columns illustrates the strength of the trend, with transparent columns indicating weakness, while solid columns indicate strength. Basic Explanation of...
Dark Mode is enabled by default for black theme disable Dark Mode for white theme MACD frontSide backSide =================== an elegant, much better way to use MACD for trend following momentum ( aka momo) style MACD with default settings of 12/26 smoothing of 9 ✔️ but without histogram ✔️ only has MACD and signal "lines" green = frontSide momentum...
Andean Scalping Implementation - BETA - Uses Andean Oscillator: alpaca.markets - Implements a threshold moving average (SMA 1000) on the Andean Signal line at 1.1 factor to filter out small moves - TP/SL using ATR bands at 3x multiplier
Aroon Oscillator (AO). The Aroon Oscillator, was developed by Tushar Chande, in 1995, to highlight the start of a new trend and to measure trend strength. I re-branded a bit the whole thing, If you are familiar with how this Oscillator usually is, you are going to notice the differences. Aroon Oscillator Components. 1 - Aroon Up -> Bullish Directional...
Relative strength rank is a momentum indicator based on combination of short and long term strength combined with ATR to adjust for current volatility. The Multi timeframe version long with signals only above or below +1 and -1 provide quite reliable signals and entries for pullback levels. The RSR signal has been smoothed with EMA.
RSI Hull Trend is a hybrid indicator with RSI of HULL Signal. The Hull MA is combined with RSI to see if the Hull MA Buy/Sell Signal is in overbought or oversold condition. Buy Sell Signals are plotted based on settings of OB/OS or RSI. This indicator is very useful to see if the Trend is in Exhaustion or Beginning of a Trend. Entry and Exit conditions can be...
Originally from Goldminds. Later modified by Jakub a Babo. I just added RSI DIV alerts. You're welcome. :) Instruction: once you have have this indicator and press Alt + A to create alert.
This oscillator for the Elliott Theory has been invented by Tom Joseph and it's useful to correctly count the impulsive and corrective waves. Its difference compared to a simple MACD is the peculiarity to use the ratio between the Fast SMA (default period set to 5) and the Slow SMA (default period se to 35). The used formula is as below: ( (fast_SMA / slow_SMA)...
An update to my original Currency Strength script to include a 2nd timeframe for more market context. Changed the formatting slightly for better aesthetics, as the extra column and colors became unsightly. Also added a new setting for "Flat Color", which changes the value background to a simple green/red for above or below 50, rather than using the Color Scale...
Price Power & Under Current. This is an updated version of the script I had shared earlier namely 'GDM Power Cross' I have added under current and have removed upper an lower bands. How to Trade: Similar to various Moving Average cross over strategies; this indicator can be used to trade crossovers of Price Powers. Lengths I have used as default are 7, 9 and 21....
ROS (Revolver Oscillator Strategy) Version 1.2 Description This script combines three popular oscillators (RSI, Ultimate Oscillator and MFI) to accurately determine the price momentum of an asset. Context - RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements over a period of time (14). - Ultimate...
Overlay mini-plots for various indicators. Shows current timeframe; and option to plot 2x higher timeframes (i.e. 15min and 60min on the 5min chart above). The idea is to de-clutter chart when you just want real-time snippets for an indicator. Useful for gauging overbought/oversold, across timeframes, at a glance. ~~Indicators~~ ~RSI: Relative strength...
This indicator is based on MFI25 and EMA55 and optimized for 1 day graph and slow swing trading to show large moves and tops and bottoms. You can change the MFI and EMA settings according to your style of trading. The change from green to red and visa versa are the buying and selling moments. The yellow line indicates that a change is possibly comming or not...
A modified version of Squeeze Momentum Indicator visualizing on Price Chart. author: @LazyBear, modified by @KivancOzbilgic, and by @dgtrd I took in all of the information as the script below is based on the V2 Script that @LazyBear posted and then added Alerting based on the math and the conditions that @dgtrd added. Per the description here: The Squeeze...
Polynomial Regression Derivatives is an indicator that explores the different derivatives of polynomial position. This indicator also includes a signal line. In a later release, alerts with signal markings will be added. Polynomial Derivatives are as follows 1rst Derivative - Velocity: Velocity is the directional speed of a object in motion as an...
Plots Williams Percent Range over bought/oversold indicator as a small overlay in top right corner. De-clutter chart when all you're interested in is the real-time W%R to 'give permission' to enter a trade. i.e. to remove the Williams %R lower pane from the above chart completely. ~~User Inputs~~ ~W%R length ~Number of bars to show (default is last 6 bars) ~Plot...