This indicator is designed to normalize the S&P 500 by sector. You can choose to normalize using the Z-score, DEMA, or MinMax. When using the Z-score or DEMA, a level line is displayed.
This script is a customized Relative Strength Index (RSI) indicator with added functionality, notably the optional Bollinger Bands overlay. At its core, the script calculates the RSI, which is a popular momentum indicator used in technical analysis to identify overbought and oversold conditions. It does this by taking the average gain and the average loss over a...
Introduction: This indicator is a unique trading tool that brings a fresh approach to market analysis. It employs a proprietary method of interpreting Heiken Ashi candles from up to three higher timeframes, a feature not commonly found in other scripts. How it Works: This indicator analyzes the current open candle for the Heiken Ashi candle from the selected...
RedK Relative Strength Ribbon (RedK RS_Ribbon) is TA tool that plots the Relative Strength of the current chart symbol against another symbol, or an index of choice. It enables us to see when a stock is gaining strength (or weakness) relative to (an index that represents) the market, and when it hits new highs or lows of that relative strength, which may lead to...
***RSI CHART BELOW IS FOR COMPARSION TO SHOW HOE THEY MAKE SIMILIAR PATTERNS*** IT IS NOT PART OF THE INDICATOR*** The Qualitative Smoothed Strength Index (QSSI) is a simplified momentum oscillator whose values will oscillate between 0 and 1 . By converting price differences into binary values and smoothing them with a moving average, it identifies qualitative...
Hello, Publishing this simple indicator. What is it? The Trend Correlation Oscillator takes the concept of my autocorrelation oscillator but applies it simply to time instead of autocorrelation. It performs a correlation assessment to time. The theory behind it is the stronger the correlation, the more "exhausted" the trend and the more likely the trend will...
The Giga Kaleidoscope GKD-C Ehlers Detrended Leading Indicator is a confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System." █ GKD-C Ehlers Detrended Leading Indicator The Ehlers Detrended Leading Indicator (Ehlers DLI) is a technical indicator used in financial analysis to identify potential market trends and reversals. It was...
The "Gradient Money Flow Divergence Detector" indicator has several use cases for traders. Let's explore the main use cases: 1. Money Flow Analysis : The primary purpose of this indicator is to analyze money flow in a particular asset. The Money Flow Index (MFI) is a momentum indicator that uses price and volume data to assess the buying and selling pressure in...
The Extrapolated Previous Trend indicator extrapolates the estimated linear trend of the prices within a previous interval to the current interval. Intervals can be user-defined. 🔶 USAGE Returned lines can be used to provide a forecast of trends, assuming trends are persistent in sign and slope. Using them as support/resistance can also be an...
FEATURES - New York daily ranges high to low - 08-12 UTC-5 Time Window Highlighted - New York day of week divider - Weekly high/low + EQ - TGIF - Monday & Thursday range extended - Weekly open - Midnight open - Previous daily range percentiles (fib) - 5 ADR PURPOSE INDICATOR & UNIQUENESS The concepts used in this indicator are widely variated from teachings by...
The "Multiple Exponential Moving Averages" indicator is a custom technical analysis tool created for TradingView. It combines five different Exponential Moving Averages (EMAs) into a single indicator. Each EMA has a user-defined length, and they are plotted on the chart with different colors to differentiate them. Exponential Moving Averages are commonly used in...
This code draws a custom indicator named "Volume Bollinger Bands" on the price chart with the following visual elements: 1. **Basis Line (Blue)**: This line represents the moving average value (ma_value) of the volume data calculated based on the user-selected moving average type (SMA, EMA, or WMA) and length. 2. **Upper Bands (Green)**: The upper bands are...
This code draws a custom indicator named "P/VF Boll" on the price chart with the following visual elements: 1. **Basis Line (Blue)**: This line represents the moving average value (ma_value) calculated based on the user-selected moving average type (SMA, EMA, or WMA) and length. 2. **Upper Bands (Green)**: The upper bands are calculated by adding a certain...
Lines Plotted at the opening price of London, New York, New York Stock Exchange, and Asia. It could also plot lines of the closing price of the session. The script is just plotting a line at those levels to give us a visual indicator of those specific levels as they could be very beneficial for your trading. Opening and closing of the session hold the most...
Okay, so we've got an indicator here that prints buy sell signals based on engulfing candles and uses a 200 EMA and RSI to filter out some of the noise. This indicator incorporates price action, in the form of engulfing candles, moving averages and a momentum oscillator. It also has the of plotting either a Simple Moving Average or an Exponential Moving...
Title: RSI-Volume Oscillator Quick Scalping Indicator Description: The "RSI-Volume Oscillator Quick Scalping" is a powerful and versatile custom indicator designed for traders who engage in scalping strategies. This indicator combines the Relative Strength Index (RSI) with a Volume Oscillator to provide valuable insights into momentum and volume dynamics in the...
2/50 RSI+ %R is a PineScript indicator that combines two popular technical indicators, the Relative Strength Index (RSI) and the Williams %R. The indicator plots two lines, K and D, which represent the smoothed moving averages of the RSI. It also plots the RSI with a 60-period length and the Williams %R with a 21-period length. The indicator can be used to...
The Smoothed Vortex Indicator (SVI) is an enhanced version of the original Vortex Indicator (VI), designed to provide traders with a more refined and smoother representation of trend strength and potential reversals in financial markets. While both indicators share the same concept of measuring directional movement and true range, the SVI incorporates the Hull...