This is a variety of RSI based on the distance from the MA. It calculates the difference between price and a user defined EMA, then it calculates the RSI for the values obtained. I find it more reactive and at the same time more adjustable thatn normal RSI. It also shows divergences.
Value Charts is a detrended price indicator created by David Stendhal, it shows the overbought and oversold levels using the average range
The Hann Relative Strength Index was created by John Ehlers (Stocks and Commodities Jan 2022 pgs 26-28) and this indicator builds upon his Hann Window Indicator to create an unique rsi indicator that doesn't rely on overbought or oversold levels to determine a reversal point and also provides a very superior smoothing without any of the lag associated with...
Hello Friends. We have been working on this script for a long time. Briefly, our scenario works as follows. This test data includes results as of January 1, 2022 using a balance of $1000 and 10%. WORKİNG LOGİC : Relative Strength Index Directional Movement Index Relative Momentum Index Indicators are Blended. 1 conditions are met in the...
The VZO is a volume-based oscillator that is related to the on-balance volume. Components Overbought & Oversold Zones Zero Line (acts as support/resistnace) Divergence Detection (regular and hidden divergences) Dynamic Colors Highlight Extremes Reversal Risk Arrows Threshold System Custom Symbol Option (e.g. for using volume data of a bigger...
The RSI 14/50 cross is an oscillator that shows the market direction. Positive price movements can be expected when the small value crosses the high value. Negative price movements can be expected when the small value crosses the high value to the downside. You can make the coloring you want from the settings section.
The Theory of Entanglement (缠论) is one of the most widely studied trading theories in China, but it is much less known among traders outside. Its philosophy is based on human greed, hatred, delusion, arrogance and doubt, which reveal the most fundamental aspect of the market. Fractals, strokes, line segments and pivots are basic elements in the Theory of...
The Elegant Oscillator was created by John Ehlers (Stocks and Commodities Feb 2022 pg 21) and for those of you who don't know, he introduced the indicators for the Fisher Transform and Inverse Fisher Transform and this is a new updated version to that idea based on his latest research. This uses a soft limiter which he says is superior to a hard limiter. There are...
Vision is an advanced momentum oscillator that visualizes momentum strength with overbought and oversold readings. Features Momentum Waves Divergence Detection (regular and hidden divergences) Detection for momentum shifts (detects higher lows/lower highs on the oscillator) Detection for momentum stagnation Moneyflow Most important: Our Custom Strategy...
This version combines a famous indicator CDC Action zone V.2 and WaveTrend together. When the WaveTrend cross below -35, it is an indication of oversold. The indicator will show a purple line on top until the WaveTrend is greater than 53. Buy condition. 1. Purple line appears on the top indicator. 2. CDC Action zone - fast EMA crossover slow EMA. Sell...
Basic z score with High and Low bands. If z is positive = uptrend. If z is negative = downtrend. If z > +3 or z < -3 = reverse is possible. H lines can act as a support/resistance. Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is...
This trading strategy is a multi-divergence trading technique using central oscillators such as MACD, SMI, Stochastic, and RSI and MAs (EMA, SMA, WMA) and channels (Bolinger, Caltner, and Doncian). Only the parts that can be disclosed based on personal sales strategies can be used. The usage time is at least 1 hour to 1 day. (I recommend the 8 hour stick starting...
––––History & Credit This indicator has been done from deep analysis of the common market conditions prior to having a massive winner. We have analysed over 400 stocks, thought by Mark Minervini in his Master Trader Program and found that in 95% of the cases the EDGE arrow occurs during the buy points!! –––––What it does The indicator mixes unique analysis of...
Just a simple indicator. It measures the velocity, acceleration, and jerk of the price. Velocity being the rate of change of price, acceleration being the rate of change of velocity, jerk being the rate of change of acceleration. With the default length of 50, the indicator measures the height difference of two prices 50 bars apart. This is recorded as velocity...
Today I am sharing with the community a volatility indicator that uses the Nasdaq VXN Volatility Index to help you or your algorithms avoid black swan events. This is a similar the indicator I published last week that uses the SP500 VIX, but this indicator uses the Nasdaq VXN and can help inform strategies on the Nasdaq index or Nasdaq derivative instruments....
Open Interest Auto SpaceManBTC This is an extension to the script, it aims to provide the data in a less hands on way by providing the basis for automatic calculation on which symbol the data is being pulled from. Changelog: Automatic Data retrieval on a percoin basis. Ability to hide or show symbol. Coloring choices for the user.
THE IDEA: TSV is a leading indicator based on the Volume, so it can be used to dectect price movements even before other indicators. You can read about the Time Segmented Volume and the concept how to use it here: From my observations, it seems like you can use this indicator in the similar way to "oscilators" as well. So the idea is to use the signal and run...
======== Basic Grid Trade ===================================== A) Objective : To visualization the Simulation of Simple Grade trading system (Long only) : to study Entry and Exit ( Price and Time ) : to study portfolio optimization : Dashboard to monitoring Open Trade Close Trade : Grid by Grid ...