Another script based on zigzag, divergence, and to yield support and resistence levels. This idea started with below two concepts: ▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to...
The volume price trend indicator is used to determine the balance between a security’s demand and supply. The percentage change in the share price trend shows the relative supply or demand of a particular security, while volume indicates the force behind the trend. The VPT indicator is similar to the on-balance volume (OBV) indicator in that it measures cumulative...
A handy little indicator to help identify different kinds of convergences/divergences The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible. The divergences are shown with labels, user can change the...
This indicator is a copy of my RSI Overbought/Oversold Divergence Indicator with-Alerts Only difference is that the alerts are disabled, instead it uses tradingviews strategy tester signals If you want alerts just use the other indicator
This indicator alerts you only if there are divergences after price was oversold or overbought
This is a modified version of True Strength Index to fit the scalping trading style in futures market
This is a powerful tool if combined with other parameters. It's an advanced version of an RSI . It shows OB and OS conditions and price direction or shift of the trend. This indicator can be used in various ways with all markets. The current settings are designed to work with futures market. Combined with our TSI and Price action, RSI OBLIVION is the most...
This is an OnChart WaveTrend Divergence Indicator with Pivots and Alerts LazyBears WaveTrend Indicator or also known as "Market Cipher" is an Indicator that is based on Moving Averages, therefore its an "lagging indicator". Lagging indicators are best used in combination with leading indicators. In this script the "leading indicator" component are Daily, Weekly...
Hello traders! As you know, MACD is one of the oldest and the most popular indicators for trading. It seems to be a «Hello world indicator» of most technical analysis beginners. It’s easy to interpret and rather useful for many styles of trading. There are many arguments about its accuracy but in my opinion, this indicator can show very good results. However, you...
This table is intended to give you snapshot of how price and oscillators are moving along with zigzag pivots. This is done in the same lines of Zigzag-Trend-Divergence-Detector But, here are the differences Table shows multiple oscillator movements at a same time instead of one selected oscillator Divergence is not calculated and also supertrend based...
Greetings colleagues Today I share an indicator that I had been thinking about for a long time. Its a easy idea but not easy to exploit" The signals are generated the same as a MACD but the signal lengths are different. In its standard form, the average signal of all signals is shown. It has been designed for all those who use moving stockings in a conventional...
Divergence is generally measured on the RSI and limited to finding either: 1. higher highs on the price and lower highs on the RSI (bearish divergence) 2. lower lows on the price and higher lows on the RSI (bullish divergence) Continuous Divergence (CD) does two things differently. Firstly, it uses the MFI as its primary source of data, due to its volume...
Pullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing...
MACD Divergence + Multi Time Frame EMA This Strategy uses 3 indicators: the Macd and two emas in different time frames The configuration of the strategy is: Macd standar configuration (12, 26, 9) in 1H resolution 10 periods ema, in 1H resolution 5 periods ema, in 15 minutes resolution We use the two emas to filter for long and short positions. If 15 minutes ema...
Enhanced the original OBV (On Balance Volume) indicator: - Draw max lines of OBV in the last 30 candles so that we can notice the trend, as well as divergences easier. - If you use fiat as base currency (USDT in cryptocurrency for example), we can display the OBV in fiat, so that we can compare total trading volume across a list of symbols to find healthy symbols...
This is On-Balance Volume recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts. On-Balance Volume, or OBV is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The...
A remix of the built-in Divergence Indicator that uses a Klinger Volume Oscillator instead of RSI to help spot divergent patterns in volume activity in relation to price. Additions: Basic color coding: Positive volume (above center line) == buying - Negative volume (below center line) == selling Alerts for Bullish, Hidden Bullish, Bearish, and...
I'm guessing most of you are familir with LazyBear's adaptation of the Wavetrend Oscillator; it's one of the most popular indicators on TradingView. I know others have done adaptations of it, but I thought I might as well, because that's kind of a thing I like doing. In this version I've added a second Wavetrend plot. This is a thing I like to do. The longer...