This indicator has a fast RSI (RSI 5). Slower RSI (RSI 9) and a smoothened RSI14 EMA. When both RSI5 and RSI9 are above the RSI14 EMA, then the trend is bullish. When both RSI5 and RSI9 are below the RSI14 EMA, then the trend is bearish. This indicator also shows you the trend in upto 6 time frames! This MTF analysis gives you the conviction to take or skip the...
This script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights. This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them...
The indicator shows a price change with respect to a preceded price and the moving average on a given period. It could be used for the volatility evaluation as well as the normalization of the price evolution.
█ OVERVIEW TASC's June 2022 edition Traders' Tips includes an article by John Ehlers titled "Ehlers Loops. Part 1". This is the code implementing the price-volume Ehlers Loops he introduced in the publication. █ CONCEPTS John Ehlers developed Ehlers loops as a tool to visualize the performance of one data stream versus another, both filtered and...
This is a trend aggregator for confirmation and trend signals. It basically aggregates many buy/sell signals and confirmation and by combining them provides a strong buy/sell signal or trend confirmation. The actual layout idea and trend confirmation is derived from Trend Meter and this indicator uses few other indicator, such as Chandelier Exit, WaveTrend, QQE...
Heavily modified from Z Score by jwammo12 Compares the z-score of two assets, the onscreen one and the reference one configured. If you're familiar, you can think of it as Bollinger Band Percent of Onscreen Asset minus the Bollinger Band Percent of Reference Asset. It's compared off a simple moving average, due to how standard deviation is calculated. I view...
Hello traders, This is a pretty simple script. It gives a background directional bias color respective to RSI levels from input thresholds in the settings. Users can choose the upper and lower thresholds and the symbol that the RSI is from. For example, by default, the upper threshold is 52 and the lower 48. If Bitcoins RSi is above 52, the background color will...
NOTES: As x, k and d use; 21-10-3 for 1 Hour candles 5-4-2 for 4 Hour candles 21-21-3 for 1 Day candles Yellow plot is the main oscillator. Orange plot, and hlines at 20, 50 and 80 can be used as signal lines. I personally use hlines as the signal in 1H as it's the best timeframe for the indicator. If you are in a long position, sell when yellow plot crosses 80...
This is a combination of indicators used to find oversold and overbought entry points for possible reversion. A Green arrow will appear when all condition are met for an ENTER LONG position. A Red arow will appear when all condition are met for an ENTER SHORT position. You can modify all of these condition parameters from the indicator's settings. How does...
This indicator is based on Smart Money MCDX (Pine editor @v4) Indicator built for cryptocurrencies. Best for day trading. The coin seems overbought but still pump? Check this indicator This indicator help you see when institutional buyer enter/exit trade and is a good combination with RSI + Stochastic RSI . This indicator focus on buying activity by big...
A fully fledged RSI indicator. Features: - An EMA on the RSI - 2 Different range settings for the background - 2 Different color schemes - Markers for hidden and normal divergence - Lines for hidden and normal divergence Enjoy!
Level 1 Background Traders’ Tips of August 2020, the focus is Vitali Apirine’s article in the August issue, “The Compare Price Momentum Oscillator (CPMO)”. Function In his article in this issue, “The Compare Price Momentum Oscillator (CPMO),” author Vitali Apirine reintroduces us to the DecisionPoint PMO originally developed by Carl Swenlin and presents a new...
Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that. So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions. Here's how I works : The script tries to determine the overall...
This indicator is mainly based on Overbought and Oversold . Indicator for short-term trading. This way you can get small but acceptable signals. The main basis of the indicator is as follows: To buy, the indicator is waiting for the instrument to be oversold from the RSI point of view. Then, if the chart crosses the bottom line of the Envelope indicator from...
Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side. If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/...
The code is based on the Stochastic RSI Heatmap, but uses a normal Stochastic instead the Stochastic RSI when calculating "k" for more accuracy. Credit for the idea goes to Indicator-Jones. The heatmap starts from the oversold (20) / overbought (80) levels respectively. The more oversold / overbought the price, the more intense the color (blue / fuchsia)
This more complex take on the traditional RSI provides clearer entry and exit points and looks beyond just overbought/oversold levels, altogether creating a more robust trading strategy. The RSI is smoothed by the Hull MA with adjustable periods. Although a variety of strategies can be developed using this indicator. I intended its most profitable use be as...
Dynamic ADX by The Pine Guru What is the Dynamic ADX? The Dynamic ADX is an indicator created using the regular ADX, Line, and additional ADX Moving Average. This MA allows the script to calculate the ADX differently to the original ADX, providing greater input and accessibility to the user. As the ADX is a volatility indicator, it is communicates to trend...