This Indicator in a refinement of my earlier script PC*VC Moving average Old with easier to follow color codes, overbought and oversold zones. This script has converted the previous script into a standardized measure by converting it into Z-scores and also incorporated a volatility based dynamic length option. Below is a detailed Explanation. The "Dynamic...
//==================================================================================================================== The "MACD_with_reference" indicator aims to illustrate the MACD (Moving Average Convergence Divergence) on two distinct timeframes: the base timeframe (typically the chart's timeframe, e.g., 1D) and the reference timeframe (defaulted to 1W). This...
VAcc (Velocity & Acceleration) is a momentum indicator published by Scott Cong in Stocks & Commodities V. 41:09 (8–15). It applies concepts from physics, namely velocity and acceleration, to financial markets. VAcc functions similarly to the popular MACD (Moving Average Convergence Divergence) indicator when using a longer lookback period, but produces more...
Description: MADALGO's Enhanced OBV Divergences indicator is a unique tool designed for traders to visualize the divergences between price action and On Balance Volume (OBV), a fundamental aspect often indicative of underlying strength or weakness in the market. By keenly identifying these divergences, traders are better positioned to anticipate potential trend...
Futures/Spot Dominance Indicator: Overview: The futures/spot dominance indicator is a versatile tool used by traders and analysts to assess the relative strength or dominance of the futures market in relation to the spot (or cash) market for a specific asset. It offers insights into market sentiment, potential arbitrage opportunities, and risk management while...
The "Momentum Channelbands" is indicator that measures and displays an asset's momentum. It includes options to calculate Bollinger Bands and Donchian Channels around the momentum. Users can customize settings for a comprehensive view of momentum-related insights. This tool helps assess trend strength, identify overbought/oversold conditions, and pinpoint...
Composite Momentum Indicator" combines the signals from several oscillators, including Stochastic, RSI, Ultimate Oscillator, and Commodity Channel Index (CCI) by averaging the standardized values (Z-Scores). Since it is a Z-Score based indicators the values will be typically be bound between +3 and -3 oscillating around 0. Here's a summary of the code: Input...
The Coppock Curve is a momentum oscillator developed by Edwin Coppock in 1962. The curve is calculated using a combination of the rate of change (ROC) for two distinct periods, which are then subjected to a weighted moving average (WMA). History of the Coppock Curve: The Coppock Curve was originally designed for use on a monthly time frame to identify buying...
The Velocity Acceleration Indicator was created by Scott Cong (Stocks and Commodities Sep 2023, pgs 8-15). This is another personal variation of his formula designed to capture the overall velocity acceleration of the underlying stock by applying the velocity formula to the original indicator to find the acceleration of the underlying velocity. I changed a few...
The Velocity Indicator was created by Scott Cong (Stocks and Commodities Sep 2023, pgs 8-15). This is my variation of his formula designed to capture the overall velocity of the underlying stock by applying the typical velocity formula. This indicator is visually similar to a typical stochastic indicator but uses a different underlying calculation. This works well...
Taylor Series Approximations for Trigonometry: 1. The indicator starts by calculating sine and cosine values of the close price using Taylor Series approximations. These approximations use polynomial terms to estimate the values of these trigonometric functions. Mathematical Component Formation: 2. The calculated sine and cosine values are then multiplied...
If you've ever been confused because Ta-Lib RSI differs from TradingView's RSI... Look no further than here which instead of using the Rolling Moving Average, will instead use the Simple Moving Average
The Ultimate Momentum Oscillator is a tool designed to help traders identify the current trend direction and the momentum of the prices. This oscillator is composed of one histogram and one line, paired with the two overbought and the two oversold levels. The histogram is a trend-based algorithm that allows the user to read the market bias with multiple trend...
Variety Step RSI w/ Dynamic Zones is a stepped RSI calculation with Discontinued Signal Lines. This indicator includes 7 types of RSI to choose from. The addition of the Discontinued Signal Lines allows this indicator to better identify momentum shifts in price so traders have better defined long/short signals. Enhanced Moving Average Calculation with Stepped...
The Standardized MACD Heikin-Ashi Transformed (St. MACD) is an advanced indicator designed to overcome the limitations of the traditional MACD. It offers a more robust and standardized measure of momentum, making it comparable across different timeframes and securities. By incorporating the Heikin-Ashi transformation, the St. MACD provides a smoother visualization...
The Savitzky-Golay Filtered Chande Momentum Oscillator (SGCMO) is a modified version of the Chande Momentum Oscillator that functions as a powerful analytical tool, capable of detecting trends and mean reversals. By applying a Savitzky-Golay filter to the price data, the oscillator provides enhanced visualization and smoother readings. (credit to © anieri for the...
This indicator shows the momentum of a market sector. Under the hood, it's the MACD of the number of stocks above their 20 SMA in a specific sectors. The best insight it gives is to tell if the market is doing a sector rotation or having a full blown correction. Users have the options to choose a specific sector out of the 11 sectors: XLB, XLC, XLE, XLF, XLI,...
The Filtered Momentum Indicator (FMI) is a tool created to assist traders in identifying changes in momentum and gaining insights into potential shifts in price trends. By combining the concepts of momentum and Bollinger Bands, the FMI offers a unique perspective on momentum values and their relationship to price movements, helping traders make informed trading...