There are many indicators of overbought/oversold conditions out there. Some of more common ones are:
- Bollinger Bands %B
- Money Flow Index (MFI)
- Relative Strength Index (RSI)
This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary...
Edited the RSI div indicator by Libertus to use MFI & show on candles. V2 update filters the divs using stochastic oversold & overbought & removes the lagging signals (they were offset back by 1 bar).
Default settings were tuned for xbtusd 1hr; works well if after a signal you wait for a stochastic indicator to stop being oversold or overbought, so if eg. you see...
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:...
The Money Flow Index indicator (MFI) is a tool used in technical analysis for measuring buying and selling pressure. This is done through analyzing both price and volume. The MFI's calculation generates a value that is then plotted as a line that moves within a range of 0-100, making it an oscillator. When the MFI rises, this indicates an increase in buying...
Indicator plots Money Flow Indicator (Chaikin). This indicator looks
to improve on Larry William's Accumulation Distribution formula that
compared the closing price with the opening price. In the early 1970's,
opening prices for stocks stopped being transmitted by the exchanges.
This made it difficult to calculate Williams' formula. The...
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...
This script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables .
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow...
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.
Based on the response received on Bollinger %B candles, thought it would be nice to get the same on oscillators.
Use cases include applying atr based indicators or any indicators which utilizes - high, low, open close on oscillator values. Example : supertrend
Note: length values are reused by...
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...
Oscillator averaging Money Flow Index and Bollinger Bands' %B
Colored bars indicate buy or sell signals
I have no idea if this is the right way to combine these two, but I'm gonna try it and see what happens
This script includes MACD histogram plus MFI in four states
All backgrounds are compared to previous bar in +/- 10%
1. Green (green) + Volume + Range (++)
2. Fading (yellow) - Volume - Range (--)
3. False (gray) - Volume + Range (-+)
4. Crouching (red) + Volume - Range (+-)