This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in...
Check out my automatic support and resistance indicator that uses the EMA of price change * relative volume as the bases of pivot search.
It also tells the strength of the support and resistance lines calculated using a 4 times quicker EMA and using its distance from the slower one.
The strongest plotted line has the maximum opacity and the weakest has the...
This RSI script includes everything you could want on an RSI. There are multiple timeframes which will give context to market movement, as well as a highlight feature to make it easier to visualize overbought and oversold stocks.
Tip: Uncheck the 4 plots with no color in them to remove the extra headers on the indicator.
A RSI implementation tailored for a specific use case.
Instead of using RSI with oversold and overbought values, I use it as a median value.
If the RSI is above 50, the trend is bullish.
If the RSI is below 50, the trend is bearish.
This indicator is customized to help you easily identify market strength/weakness based on which side of the median value the RSI is.
I created this script to compare cryptocurrencies that tend to be correlated, but it could also be used for forex or any other market. It is a fairly simple concept and compares price of each symbol to the specified period ema. This is helpful for tracking highly correlated symbols and visualizing moments when they are out of sync, perhaps signaling good times...
This script plots a "momentum based" stepping Moving Average of various types - the idea is to visualize price moves in levels (or steps) to reduce "chart noise" - avoid getting caught in sideway moves - and enable better trade entry and exit decision.
How does the MoStep_MA Work:
- we first choose a "base MA" of...
Combines EMA + RSI indicator
Dieses Script ist eine einfache Kombination aus RSI und EMA.
Es erlaubt euch zu erkennen in welche Richtung der Trend in dem aktuellen
TimeFrame geht und wie stark dieser aktuell ist.
Außerdem zeigt es euch ob gerade eher die Bullen oder die Bären den Markt
dominieren. Mit Hilfe des Indikators lassen sich Top und Bottom des...
How to use Alpha(α)?
If Alpha is positive the stock outperforms, if the value is negative means the stock underperforms.
α < 0: The investment has earned too little for its risk (or, was too risky for the return)
α = 0: The investment has earned a return adequate for the risk taken
α > 0: The investment has a return in excess of the reward for the assumed risk
This was the result of quite some time spent examining how much information could be gleamed by studying the interactions between Keltner Channels, STARC Bands and Bollinger Bands. I was surprised by the results.
First of all, there are four fills that are black. Set the transparency of those to 0 and you'll see this indicator the way that it's meant to be seen....
Compare the strength of the assets:
on the FTX echange.
If the timeframe is < 1hr the indicator resets every funding round (8 hrs)
If the timeframe is > 1hr the indicator resets every week
This indicator consists of two lines. One is a gray line (USD) and the asset indicator is green or red.
The basis of this indicator is the true strength indicator (TSI) with parameters 5,15. Both line sets are based on a TSI (5,15).
The lookback period is for new highs / new lows. Default value is 200 periods.
The first that is green and red is...
This is a quick indicator i wrote to inspect the strength of price movement and show when what i consider to be "a quality trend" has been established. the code is open and commented - the "math concept" is really simple and i'm not sure if this has already been coded before :) - my apologies if it was.
my main goal was to identify opportunities to establish...
User request. A tuned version of the built-in True Strength Index (TSI) indicator with the following options included:
TSI - Signal Histogram
Bands breakouts highlighting
Zero line crossovers background
This is a strange experimental strategy WIP that I decided to upload an early version to share some of what I am working on. Just one script of a few.
It combines Chande Momentum with RMI and some weird ones I am experimenting with - Triple Hull MA RSI, Double Exponential + Volume Weighted RSI, Triple Exponential RSI. And to top it off, a final oscillator that...
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
This is a flexible currency strength indicator and you can adjust it to any currency you wish 'to measure'. By default, it is set to measure USD major pairs. Indicator calculates every pair you list, and plots one composite chart in the form of Heikin Ashi candles. Basically, you will get USD index in this case. Similarly, you can get AUD, EUR, CAD, JPY, CHF, etc...
My other indicator shows the linear regression slope of the source. This one finds the exponential regression slope and optionally multiplies it by R-squared and optionally annualizes it. Multiplying by R-squared makes sure that the price movement was significant in order to avoid volatile movements that can throw off the slope value. Annualizing the exponential...