Relative Strength Line compares equity's price performance with S&P 500 (default). The indicator will retrieve current equity value comparing it with S&P 500 equivalent time frame. S&P 500 is set as the default index for comparison. This value can be change to any equity available in the market, located at the format settings of the indicator.
Version IV of the SCSM, this time thanks to @SAACI I learned more about the financial markets and some math stuff. This time I switched the formula a bit to use Zscores: (close-sma(close,shortma))/stdev(close,dev) This creates a nice oscillator like view, if you overlay TWO of them, one longer and one shorter you can get almost perfect absolute highs and...
Use this indicator to compare how security is performing in compare with preferred index (SPX by default). > 0 outperforming < 0 underperforming Works best for weekly, but can be applied to monthly and daily charts. It will be rather useless to use it in smaller timeframes Apply it to SPX, industry index, sector index or other security in similar sector
Buy and sell pressure indicator, according to MY opinion of AI Brooks Price Action method (in particular the concept of buy and sell pressure that it presents). As I have some difficulty in analysing the pressure from the context shown in the graphic, I have created an indicator that counts the bodies (and trend-favouring shadows) of the last bars, in order to...
Simply plots the close to close performance of your instrument vs SPX below your main chart Offers further SMA of EMA of such relative performance to get a better idea of the relative strength against the major market
The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE). Once the wave has been established the volume can also be calculated. Please see code for the JSE Wyckoff Wave Volume which goes with this indicator. The Wave presents a...
This is for Bundle holders who want to use the Technical Indicator Pool for scalping binary options. Understanding the Technical Indicator Pool The Technical Indicator Pool is a strategy that operates on the premise that when many technical indicators project the same sentiment, they are concurrently more precise. The technical indicator pool contains five...
An AsYouWish component of Inigo Montoya's Quest, dynamic strategy. This is not a stand alone indicator. It is instead designed/skewed to provide RSI-based trade recommendations, immediately following a reversal stop-out. It's suitable for any time frame, from 1 minute to 1+day bars.
I'm proud to finally announce the Crypto measurer!!!, 20 coins chosen from the selection available at Binance, you're free to modify the code to add your own coins or remove them or if you use another exchange. This works similar to the SCSM, except it's for cryptos, never miss a PUMP & DUMP scheme again, don't get tricked into buying the losing coins anymore....
This is an updated version to the Currency Strength Measurer I created before. I'm not updating that script due to differences in the features and in the idea. The original script was a lagging indicator, I hope that this one is more of a leading indicator, the idea is the same. This indicator has way fewer inputs and it's more lightweight. Try it and compare it...
Relative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular...
Compare the strength of the current stock to a benchmark (default SPX). Includes a SMA (default 13 weeks/3 months). Best used on the weekly time frame.
This indicator is the measure of price trend of an instrument compared to another. For Dynamic Traders.
Just an idea I had about using the RSI stdev to find oversold / overbought signals. Might be useful..