Stoch CCI has a nicer divergence than Stoch RSI. Enjoy!

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The Range Expansion Index ( REI ) oscillator is based on Tom Demark's studies and described in "DeMark on Day Trading Options" book. Range Expansion Index is an oscillator which compares current intraday highs and lows with the high and low of two bars ago. The indicator oscillates between +100 and - 100, Default overbought and oversold conditions are 45/-45...

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Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume . This is the pine script which calculate the nifty 50 volume . Logic : Take each stock contribute to nifty 50 and find it's volume . Multiply the same with contribution percentage of the same on Nifty 50 Add up all of them and find the total volume...

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Intraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.

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CONGESTION INDEX Market movements can be characterized by two distinct types or phases. In the ﬁrst, the market shows trending movements which have a directional bias over a period of time. The second type of market behavior is periodic or cyclic motion, where the market shows no consistent directional bias and trades between two levels. This type of market...

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I've seen several youtubers using 2 RSI's on top of one another to filter trades for their strategies. I figured I would just code it up as an all-in-one indicator for people who have the basic package. This way they have an extra slot for another indicator if they need one and also for convenience. Longs only when RSI 1 is above RSI 2 and shorts only when...

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Hello traders! This indicator was originally developed by Paul L. Dysart in the 1930s and then described and popularized by Norman G. Fosback in his book "Stock Market Logic: A Sophisticated Approach to Profits on Wall Street" Like and follow for more cool indicators! Happy Trading!

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This indicator was originally developed by Donald Dorsey (Stocks & Commodities, V.10:6 (June, 1992): "The Mass Index"). Specially for @AlexMayorov : If indicator reaches 27 and then falls to below 26.5 then it could be a signal of potential trend reversal.

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BankNifty Index is calculated based on the movements of its participants. Every time you think of why is Index going up/down, who is actively dragging the index either ways, this Indicator gives you the answer for the same in realtime! For example : You see HDFCBank and Kotak Bank significantly up while all other banks going down but index reacting in a...

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Choppiness Index and RSI by ceyhun This indicator is based on the inverse relationship between CHOP and RSI. Bar color If the RSI is greater than CHOP, the Bar color will be blue. If CHOP is greater than RSI, the bar color will be red. CHOP If CHOP is less than 38.2, the color will turn blue. positive If the CHOP is between 38.2 and 61.8, the color will be...

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Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume . This is the pine script which calculate the nifty 50 volume . Logic : Take each stock contribute to nifty 50 and find it's volume . Multiply the same with contribution percentage of the same on Nifty 50 Add up all of them and find the total volume...

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ICT Index Futures Session Lines Description: The script is based on one of ICT's concepts on trading Index Futures. The script lays out the daily range from an intraday basis. Range: 00:00 - New York Midnight 08:30 – New York Open (News events come out) 12:00/13:00 - New York Lunch (No trade time period) 13:30 - (Algorithm) 16:30 - Close * The open, high...

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I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition). I have included here 2 of the indicators she uses in all her charts. Composite Index ---------------------------------------- This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...

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McClellan Summation Index is a breadth indicator derived from McClellan Oscillator (). The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above/below zero. As such, signals can be derived from bullish/bearish divergences, directional...

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This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator is covered in detail in their book The New Technical Trader. The DMI is identical to Welles Wilder`s Relative Strength Index except the number of periods is variable rather than fixed. The...

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Accumulation Swing Index ----------------------------------------------- ASI is a cumulative sum of swing index, developed by Wilder. ASI attemps to show the "real market" by quantifying price. This allows the use of classic support/resistance analysis on the index itself. Typical analysis involves looking for breakouts, new highs and lows, and...

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RSI Plus: ☑️ 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. RSI ...

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The theory behind the indexes is as follows: On days of increasing volume, you can expect prices to increase, and on days of decreasing volume, you can expect prices to decrease. This goes with the idea of the market being in-gear and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running cumulative of values, which...

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