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...
!!!!! DISCLAIMER !!!!! No indicator can tell the future. This indicator doesn't tell you when to buy or sell. Don't use this indicator alone without any other indicator. It doesn't tell short or long squeeze. It's just an extra tool can be added to your existing strategy. If the source/data vendor doesn't provide volume, it will compile a runtime error:...
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...
This is a composite indicator, a collection of multiple indicators It includes the following: 1. the gray background has a huge trading volume , 2. the market cost deviates, and the relationship between the closing price of the black line, the red line and the blue line and the short-term, medium-term and long-term average. Compare the difference after mutual...
Fisher Oscillator(FO). The Fisher Oscillator is inspired by John Ehlers "Fisher Transform". The oscillator highlights when prices have moved to an extreme, based on recent prices. The FO may help in spotting turning points, in the short-medium trends of an asset, also, it helps in recognizing the asset's trends themselves, giving a picture of mkt conditions...
Ultimate Oscillator (UO) + Divergences + Alerts + Lookback periods. This version of the Ultimate Oscillator adds the following 3 additional features to the stock UO by Tradingview: - Optional divergence lines drawn directly onto the oscillator. - Configurable alerts to notify you when divergences occur. - Configurable lookback periods to fine tune the...
The Aroon Oscillator is intended to highlight short-term trend changes by comparing the number of periods since the last high with the number of periods since the last low. Since the crossover rules for this oscillator frequently give false signals, I have opted for a more general approach: When the oscillator passes above the 50 line, the background of the...
BINANCE:BTCUSDT BYBIT:BTCUSDT BYBIT:ETHUSDT BINANCE:ETHUSDT DAP's OSCILLATOR: WHAT IS IT? This Oscillator was created to inspire confidence in the short-term trend of traders. This will work very well with a volatility metric (I recommend BBWP by @The_Caretaker) WHAT IS IT MADE OF? 1. Consists of a series of equations (mainly the difference between...
Collated Funding Rates is a Crypto Specific Indicator that pulls Exchange Funding Rate Data from several exchanges for both Bitcoin and Ethereum. By combining both the Funding Data for Bitcoin and Ethereum across several exchanges, a Trader can see the Collated Funding Rates from several Crypto Exchanges. What are Funding Rates? Funding rates are periodic...
Normalized, Variety, Fast Fourier Transform Explorer demonstrates Real, Cosine, and Sine Fast Fourier Transform algorithms. This indicator can be used as a rule of thumb but shouldn't be used in trading. What is the Discrete Fourier Transform? In mathematics, the discrete Fourier transform (DFT) converts a finite sequence of equally-spaced samples of a...
Do you like using moving averages? Why do you think a pair of moving averages on a chart will help you? What is the probability that once two moving averages have crossed, you will successfully enter the trade? So why not use 100+ moving averages at once to increase the probability of a successful trade? And all this can be seen in a single oscillator as a...