An easier to read implementation of ADX and DI, with colour indicating direction of trend, oscillator indicating strength of trend, and below threshold shown with a lack of colour (black).
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum the indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines a threshold mask can be shown or omitted as...
Linear Trend Follower follows 'source' trend using lines within a number of periods ('length') using the last n periods source variation divided by 'length' as line slope. It is delayed by 'length' periods.
This is translated out of Technical Analysis of Stocks & Commodities, September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the...
Always buy wholesale, sell it all at retail. Similar to Squeeze Momentum Oscillator with simpler coding. Pair this with the 'Buy Low, Sell High Arrows' indicator
Uses a short moving average and Heikin Ashi price action for strength measurement. Enjoy. Heikin Ashi candles only!
Numerous small losses.... a few huge profits.... For Heikin Ashi candles only!
A very simple Ichimoku Cloud strategy. Buy when Chikou Span crosses above price. Sell when Chikou Span crosses below price.
Trend Continuation Factor indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).
Trend Detection Index indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 19:10 (54-61): Trend Detection Index).
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
This is a momentum, trend, as well as a divergence indicator. It is similar to CCI, though it is based on a slow and fast EMA in connection to ATR, which allows to interprete it easily. Both EMAs and ATR have customisable period. Further explanation and basic usage can be found in the comment section inside the script.
This indicator provides some base code for looping over data to identify swings in price action. Full code commentary can be found on the backtest rookies website. The indicator shall allow users to "analyse" a recent historical candle to detect whether it was a swing point. This will work by inputting a number to select which historical candle you want to...
Trend Intensity Index indicator script. This indicator was originally developed by M. H. Pee (06/2002 issue of Stocks and Commodities Magazine)
Trendscore indicator script. Originally developed by Tushar Chande.
Slight modification of Ehlers Early Onset Trend