This script simply creates a combo of some indicators I have found to be useful to visualize together.
Its fairly simple to use... buy the red and sell the green. The red and green 'zones' are VI indicator plus and minus using color to identify instead of plotting the lines and creating more mess for us.
The blue line is our BB B%... and the solid lines are the...
This is the improved version of Stochastic Money Flow Index script that uses Open Interest instead of volume in Future markets.
I think it will make a difference especially in Future and CFD markets.
Since the system will pull data from Quandl, CFTC reports may cause repaint when disclosed.
So if you use it during the weekly time frame (1W), it will definitely...
This study is based on the work of TV user Beasley Savage ( ) and all credit goes to them.
Changes I've made:
1. Added a visual symbol of an overbought/oversold threshold cross in the form of a red/green circle, respectively. Sometimes it can be hard to see when a cross actually...
Based on the Godmode indicators modified by LEGION, LAZYBEAR, Ni6HTH4wK, xSilas, oh92, sco77m4r7in and anise.
Big thanks to them.
Just an add on of the excellent script of anise.
I only added the possibility to chose the exchange and asset so that the multi exchange option can be used on other assets and the MFI's overbought and oversold highlights.
Combines 4 popular indicators (RSI, Stoch, SRSI, MFI) and 1 peculiar one (Aroon) in 1 for those who want to save indicators but not only.
This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts.
Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI), as well as a middle...
This is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV).
When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the...
BB Support + Histo mode
Show enclosing BB
Show Insync as Histo:
v02 - Configurable levels
Small update to allow configuring the 95/75/25/5 levels.
Latest source code:...
Here it is Everyone - What was once hidden is now revealed
This is the Ultimate RSI Divergence Indicator
Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when...
CAUTION : This system was inspired from seiglerj' s "Money Flow Index " script. Open Interests are used instead of volume.
What is the Money Flow Index ( MFI )?
The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset. It can also be used to spot divergences which warn of a...
I decided to make this formerly invite only script public (you can find the invite only version here
If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well.
I would love to know your ideas...
This function is similar to the stochastic rsi function.
The only difference is that Money Flow Index is used instead of rsi.
Oversold and overbought values were changed to 80 and 20.
Because the MFI's overbought and overbought zones are 20 and 80.
In MFI, I think that it can be more beneficial in liquid markets than stochastic rsi since volume is taken into...
Script contains couple momentum oscillators all in one pane
List of indicators:
WaveTrend by LazyBear
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and...
Using Market Facilitation Index - MFI you will be able to recognise two important metrics:
Whether the current trend is strong enough to trade it.
When a new trend may start.
MFI combines changes in price (range) and volume. Here is the formula:
MFI = (High – Low) * Volume
The indicator has bars of four colours. Each colour has a specific meaning and shows...
Suggested by John Ehlers, IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators.
The 3 IFT based indicators in this chart are:
- Inverse Fisher on RSI (IFTRSI)
- Inverse Fisher on MFI (IFTMFI)
- Inverse Fisher on CyberCycle (IFTCC)
Suggested method to use any IFT indicator is to buy when the indicator crosses over...
The main concept was to make a bound oscillator calculate with a formula that places emphasis on the mean averages. Ideally this would mean that the oscillator won't have a tendency to swing into overbought/oversold condition and cause whipsaw. Using log is a way to increase the signal to noise ratio, with the regular MFI still plotted.
This indicator is best...