RSI rules: If we break above 70 RSI, 40-50 RSI acts as support, If we break below 30 RSI, 50-60 RSI acts as resistance I color coded the support/resistance areas to make visuals easier. This is part of my private indicator, but I removed the buy/sell part (which is the private part). I think this will help a lot with your guy's trading.
A centered oscillator, with three distinguishing features: 1) Tertiary logic is used to generate an oscillation signal 2) Multiple oscillation signals are displayed at the same time (a cloud of wavy, translucent bands) 3) A single oscillation signal shows the sum total of the individual oscillations See the comments at the beginning of the script...
SMI Ergodic Indicator plus SMI Ergodic Oscillator in a single script: kind of a "faster MACD" oscillator (based on TSI, or so called True Strength Index) with a 20-period lookback. Trend is bullish when crossing above 0 and bearish when crossing down, although you can use the divergences too, keep in mind the lookback period to dismiss fake long-term...
I like the Dual MACD for detecting moves a bit earlier. I use the standard MACD for actual confirmation.
hello friends i built this script based on standard deviatin , but its stil not perfect , need some one to modify it so it has upper and lower boundaries betwwen 20 and 80 just like stochastic oscliato
Balance of Power indicator - Useful tool for finding great Timing upon Entering Postions and Existing Postions, Also Useful for finding Normal and Hidden Divergences
Best setting is 5, with a couple of signal lines set to 7 and 14 for crossovers or bounces.
The trend is your friend. Works well on 2hr TF which shows 30+60 ema from 8hr and Daily TFs. Use a higher TF momentum indicator such as TRIX to confirm.
"The Aroon indicator is a technical indicator that is used to identify when trends are likely to change direction. In essence, the indicator measures the time it takes for the price to reach the highest and lowest points over a given timeframe as a percentage of total time. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend,...
This is an experimental study using z scores of multiple sampling periods to analyze price trends. Z score measures the number of standard deviations price is from its mean. In this study, z scores are calculated over a Fibonacci sequence of sampling periods from 3 to 4181. The scores are then averaged with equal weighting, resulting in a display of long term...
This is a study geared toward identifying price trends using Quadratic regression. Quadratic regression is the process of finding the equation of a parabola that best fits the set of data being analyzed. In this study, first a quadratic regression curve is calculated, then the slope of the curve is calculated and plotted. Custom bar colors are included. The...
This indicator was originally developed by Sylvain Vervoort (Stocks & Commodities, V.26:11 (October, 2008): "ARSI, The Asymmetrical RSI").
This indicator is based on Percentage Price Oscillator and volume as a source.
simple moving average 30 days in addition to 60-day momentum
simple moving average 30 days in addition to 14-day momentum