This indicator detects the trend for you and keeps you out of choppy markets. It does not give you a signal, rather it tells you for what kind of signals to look for on the top right of the screen: "Only Longs" or "Only Shorts" If there is no trend or if a trend is overextended (overbought, oversold) it tells you: "No trade allowed" The indicator does this by...
This indicator measures advance vs decline for the top 10 holdings of either SPX or NDX, or both together. There's overlap within the top holdings for the two major indexes so by default SPX is only shown. Adjustments to top holdings can be done at any time should they be updated before I adjust the script, also the threshold of when advancement or decline...
Thanks: Thanks to upslidedown for his VWAP Oscillator that served as the inspiration for this normalised version. Core Aspects: The script calculates the VWAP by considering both volume and price data, offering a comprehensive view of market activity. Uses an adaptive normalization function to balance the data, ensuring that the VWAP reflects current...
👉 Hello traders. Introducing the "MACD-All-in-One" indicator including functions: • Automatically scan MACD-Histogram divergence • Automatically scan MACD-Histogram divergence-missing right shoulder • Automatically scan the Engulfing candlestick pattern when the MACD line crosses the Signal line • Automatically create warnings when there are signals of Regular...
This script was created because I wanted to be able to display a contextual chart of commonly used indicators for scalping and swing traders, with the ability to control the visual representation on the charts as their cross-overs, cross-unders, or changes of state happen in real time. Additionally, I wanted the ability to control how or when they are displayed....
Hello Traders, This indicator is designed to easily visualize the overbought/oversold states of RSI and MFI across multiple timeframes. The indicator is very straightforward. The deeper the red, the closer it is to 0, and the deeper the green, the closer it is to 100. The intermediate values are rendered in a transparent gray to focus on the key...
Unbound RSI Description The Unbound RSI or de-oscillated RSI indicator is a novel technical analysis indicator that combines the concepts of the Relative Strength Index (RSI) and moving averages, applied directly over the price chart. This indicator is unique in its approach by transforming the oscillatory nature of the RSI into a format that aligns with the price...
This is the TSI Market Timer. It is years in the making and it is comprised of four indicators in one. The stock (or source) is run through an indicator called the True Strength Indicator with settings(5,15) , then the TSI is run on both the Index(SPY) by default and what I call a Trigger line which is basically the TSI applied to the DXY (US Dollar Index). ...
Introduction to ADO The Advanced Divergence Oscillator (ADO) is a modern tool crafted for traders in various markets like stocks, forex, or cryptocurrencies. Imagine it as a smart gadget that helps you understand the ebb and flow of market prices. Unlike standard tools, ADO provides a more nuanced view, enabling you to grasp subtle changes in market...
Fisher Transform developped by Ehlers is used mostly to detect peaks and troughs, which it does with little lag, but there are many false signals. Looking at its formula and construction, we can revisit it for the purpose of detecting trends and flat market. How do we want to do that? There are 3 different actions: Increase the default value from usual 9 or...
👉Hello Traders! Many traders have asked me about MACD's Histogram divergence, how to use it effectively, because the signal occurs a lot, I suddenly remembered the famous book by Dr. Alexander Elder's "Two Roads Diveged" has an introduction and definition of "MACD Histogram divergence lacking the right shoulder". It is an extremely strong signal of reversal...
SVZO | Smoothed Volume Zone Oscillator | Volume Analysis | Customizable Smoothing (+) Built using Pine Script V5. Introduction The Smoothed Volume Zone Oscillator / SVZO indicator, is a smoothed edition of the classic Volume Zone Oscillator concept by Walid Khalil and David Steckler. This tool is specifically designed for traders focusing on volume-based...
The "Dynamic Trend Fusion" (DTF) indicator is a powerful technical analysis tool for traders. It stands out from other indicators due to its adaptability and ability to provide insights into different trading styles. Users can choose from various trading options such as "Short-term Trading," "Long-term Trading," "Aggressive Short-term," "Conservative Long-term,"...
What is this ? This Strategy script is not aim to produce strategy results but It aim to produce monthly PnL performance Calendar table which is useful for TradingView community to generate a monthly performance table for Own strategy. So make sure to read the disclaimer below. Why it is required to publish?: I am not satisfied with the monthly performance...
The multi-data oscillator is a tool created to help traders visualize clearly how an oscillator works and moves considering different input parameters. In this tool, you can choose to visualize the script as the RSI, the CCI, the LOC indicator, a custom-created formula that simply shows the location of the data considering X past values, or the average of all of...
Normalized Volume Zone | Normalized VZO | Volume Analysis | Normalization (+) | Customizable (+) Built using Pine Script V5. Introduction The Normalized Volume Zone is an indicator rooted in the classic VZO concept, this indicator takes a step further by normalizing the volume data. Ideal for traders who rely heavily on volume data and seek a normalized...
The OSC version of our Backtesting System™ is an innovative strategy script that allows users to create a wide variety of strategies using various unique oscillators. By utilizing our 'Step' and 'Match' algorithms, users can create custom and complex strategy entries from each of the supported oscillators and included conditions, as well as any external sources,...
This Indicator aims to solve an issue that most others face; static lengths. This Indicator will scan lengths from the Min to Max setting (1 - 400 by default) to calculate which is the most Optimal Length in the current market condition. Almost every Indicator uses a length in some part of their calculation, and this length is usually adjustable via the Settings;...