The Relative Momentum Index (RMI) was developed by Roger Altman. Impressed with the Relative Strength Index's sensitivity to the number of look-back periods, yet frustrated with it's inconsistent oscillation between defined overbought and oversold levels, Mr. Altman added a momentum component to the RSI. As mentioned, the RMI is a variation of the RSI...
The indicator represents the relative convergence/divergence of the moving averages of the financial asset, increased a hundred times. It is based on a different principle than the ADX. Chande suggests a 13-week SMA as the basis for the indicator. It represents the quarterly (3 months = 65 working days) sentiments of the market participants concerning...
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 means you either...
This back testing strategy generates a long trade at the Open of the following bar when the %K line crosses up UpBand line. It generates a short trade at the Open of the following bar when the %K line crosses down DownBand line. WARNING: - This script to change bars colors.
The Pivot Detector Oscillator, by Giorgos E. Siligardos The related article is copyrighted material from Stocks & Commodities 2009 Sep WARNING: - This script to change bars colors.
The Polarized Fractal Efficiency (PFE) indicator measures the efficiency of price movements by drawing on concepts from fractal geometry and chaos theory. The more linear and efficient the price movement, the shorter the distance the prices must travel between two points and thus the more efficient the price movement. WARNING: - This script to change...
The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO), it is shown with a signal line, a histogram and a centerline. PVO is positive when the shorter volume EMA is...
Simple Overbought/Oversold indicator WARNING: This script to change bars colors.
This indicator really is the KST indicator presented by Martin Pring. the KST indicator is a weighted summed rate of change oscillator that is designed to identify meaningful turns. Various smoothed rate of change indicators can be combined to form different measurements of cycles. WARNING: This script to change bars colors.
This indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe of certain currency pairs, but will work on all timeframes and instruments. The rules are customizable, but the default settings are designed to reflect the rules of Steven's pullback strategy as closely as possible. ...
The Mass Index was designed to identify trend reversals by measuring the narrowing and widening of the range between the high and low prices. As this range widens, the Mass Index increases; as the range narrows the Mass Index decreases. The Mass Index was developed by Donald Dorsey. WARNING: This script to change bars colors.
This is RSI indicator which is more sesitive to price changes. It is based upon a modern math tool - Laguerre transform filter. With help of Laguerre filter one becomes able to create superior indicators using very short data lengths as well. The use of shorter data lengths means you can make the indicators more responsive to changes in the price. ...
Everyone wants a short-term, fast trading trend that works without large losses. That combination does not exist. But it is possible to have fast trading trends in which one must get in or out of the market quickly, but these have the distinct disadvantage of being whipsawed by market noise when the market is volatile in a sideways trending market. During...
The FVE is a pure volume indicator. Unlike most of the other indicators (except OBV), price change doesn?t come into the equation for the FVE (price is not multiplied by volume), but is only used to determine whether money is flowing in or out of the stock. This is contrary to the current trend in the design of modern money flow indicators. The author...
This version has an important enhancement to the previous one that`s especially useful with intraday minute charts. Due to the volatility had not been taken into account to avoid the extra complication in the formula, the previous formula has some drawbacks: The main drawback is that the constant cutoff coefficient will overestimate price changes in...
The inertia indicator measures the market, stock or currency pair momentum and trend by measuring the security smoothed RVI (Relative Volatility Index). The RVI is a technical indicator that estimates the general direction of the volatility of an asset. The inertia indicator returns a value that is comprised between 0 and 100. Positive inertia occurs...
If Volume is less then the previous 20 intervals, Volume is gray. If Volume is greater then the previous 40 intervals, Volume is black. If Volume is less then the previous 2 intervals, Volume is purple. If Volume is less then the previous, Volume is red. If Volume is greater then the previous, Volume is blue. Other - white. You can add on the indicator a...
The Gann Swing Oscillator has been adapted from Robert Krausz's book, "A W.D. Gann Treasure Discovered". The Gann Swing Oscillator helps define market swings.