Thanks & Credits To Tradingview Team for allowing me to use their default MACD version and coding it in to a MAGIC MACD by adding a few lines of code that makes it more enhanced. About: MAGIC MACD (MACD Indicator with Trend Filter and EMA Crossover confirmation and Momentum). This MACD uses Default Trading view MACD from Technical...
From TradingView's description: Williams %R (%R) is a momentum-based oscillator used in technical analysis, primarily to identify overbought and oversold conditions. The %R is based on a comparison between the current close and the highest high for a user defined look back period. %R Oscillates between 0 and -100 (note the negative values) with readings closer to...
The columns After I found a way to calculate a price as a percent of the middle line of the KeltCOG Channel in the KCGmut indicator (published), I got the idea to use the same trick in the Fbonacci Zone Channel (also published), thus creating an oscillator. I plot the percent’s as columns with the color of the KeltCOG Channel. Because the channels I created and...
Based on the Elder Force Index (EFI) indicator, the Viral Force Index (VFI) attempts to normalize the original indicator by plotting EFI on the interval ]-100, 100 [. VFI comes with a bar coloring feature, allowing users to get an idea of the current value of the indicator without having to look away from the chart. Additionally, the linear regression line...
A Percentage Momentum Indicator (oscillator) is a technical indicator which shows the trend direction and measures the pace of the price fluctuation by comparing current and past values. Normalized to be bounded to oscillate between 0 and 100 percent of recent price variation. As is, it average true range of an instrument can be easily compared to any other...
Momentum 2.0 is a normalized Momentum oscillator with a moving base-level. The oscillator value is normalized by its standard deviation, similar to the z-score technique. Instead of the zero level, the indicator uses the base-level calculated as the inverted long-term average value of the oscillator. Similar to the zero-level crossing signal used for the Momentum...
LazyBear's wavetrend oscillator enhanced with wavetrend cross visualization on the indicator as well as with bar color highlights.
RSI-2 Strategy ***At the bottom of the page is a link where you can download the PDF of the Backtesting Results. This year I am focusing on learning from two of the best mentors in the Industry with outstanding track records for Creating Systems, and learning the what methods actually work as far as back testing. I came across the RSI-2 system that Larry...
Custom Code that Finds Market Tops & Bottoms!!! CM_Laguerre PPO PercentileRank V2 Mkt Tops & Bottoms Original Laguerre PPO code was Created by TheLark. Special Thanks to coondawg71 and ChartArt for Great Insights This Is Version 2 Of This Indicator that now Finds Market Tops and Bottoms. Coming Next…Upper Indicator Pinpointing Entries Based on Price...
A series of 28 stochastic oscillators plotted horizontally and stacked vertically from bottom to top as the oscillator background. Each oscillator has been interpreted and the value has been used to colour the lines in. Lower lines are shorter term stochastics and higher lines are longer term stochastics. The average of the 28 stochastics has been taken and...
Heiken-Ashi Candlestick Oscillator (HACO), by Sylvian Vervoort, is a digital oscillator version of the colored candlesticks. Explanation from Vervoort: "HACO is not meant to be an automatic trading system, so when there is a buy or sell signal from HACO, make sure it is confirmed by other TA techniques. HACO will certainly aid in signaling buy/sell...
This indicator is a mimic of the same used by bitcoinwisdom. There seems to be several different formulas to calculate KDJ, however, i have yet to find this one on tradingview. The background color is green when J>D and red when J<D. The idea being that when we go green we should buy and when red sell. Let me know if you have any questions.
This oscillator has to be used in conjunction with other EW tools (certainly cannot be the main indicator). EWO has: - Higher values during third waves' up - Lower but still Positive values during the first and fifth waves up - Negative values during the biggest corrections or downtrend impulse waves. Personally, I am still trying to figure out EW, so do...
The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual...
The Relative Strength Index (RSI) , developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. • Traditionally the RSI is considered overbought when above 70 and may be primed for a trend reversal or corrective pullback in price, and oversold or undervalued condition when below 30. During strong trends, the RSI...
MOMENTUM WITH BULLISH AND BEARISH SIGNALS This is a momentum oscillator that paints red or green depending on whether Momentum is above or below the zero line. It includes a label on the right hand side that will reflect the bullish or bearish direction of the current momentum by changing colors to red or green and text telling you Bullish or Bearish. ***HOW TO...
Introduced by M.H.Pee, Trend Trigger Factor is designed to keep the trader trading with the trend. System rules according to the developer: * If the 15-day TTF is above 100 (indicating an uptrend), you will want to be in long positions. * If the 15-day TTF is below -100, you will want to be short. * If it is between -100 and 100, you should remain with the...
RSI-2 Strategy ***At the bottom of the page is a link where you can download the PDF of the Backtesting Results. This year I am focusing on learning from two of the best mentors in the Industry with outstanding track records for Creating Systems, and learning the what methods actually work as far as back testing. I came across the RSI-2 system that Larry...