MACD-AS MTF [JoseMetal]============
ENGLISH
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- Description:
This script is a modification of the Moving Average Convergence Divergence (MACD) of Thomas Aspray, and called as MACD-AS and you may get earlier signals than MACD.
On this (my version) you have several extra elements and customization.
Foremost (of course) you have the MACD-AS, which is the HISTOGRAM, also, it has a SIGNAL line (which smooths the MACD-AS), and finally, a higher timeframe oscillator based on one of the previous values (custom).
- Visuals, features, customization:
You can show/hide any of the components with a checkbox (MACD-AS, Signal and HTF Oscillator).
The timeframe for the higher timeframe oscillator is customizable, but by default is automatic and multiplies the chart timeframe by 3: 5m > 15m, 15m > 45m etc.
So we have the MACD-AS as a histogram, with 2 optional color schemes and custom transparency, it works similar to the original MACD, oscillating around the 0 level. Green colors (bull) if above 0, red (bear) below 0.
Smoothed MACD-AS makes the Signal line, going up (bull) shows green color, down (bear) red, changes from one to another also prints a colored dot. There's another feature which darkens the color when the momentum is losing strength, a strength filter input is available for that purpose but the default 0.5 works well.
The higher timeframe oscillator (it's called "oscillator" because you can pick if you want to show the MACD-AS or Signal line of the higher timeframe), is always shown as a line, colors work similar to the Signal line, but BLUE for bull and PINK for bear.
Finally, the background color just changes from green (bull) to red (bear) and vice versa if the Signal line is above or below the 0 line to show bull/bear trend too, this is slower than other indicator signals as well.
- Usage and recommendations:
You can use this script as default MACD, the difference is that you'll use the DOTs of the Signal line (when changing green to red and vice versa) as crossovers on the classic MACD.
You can also use the higher timeframe oscillator as a trend filter to not to trade against it, ex: if the HTF is bull, don't try to SHORT.
My favorite usage is to find DIVERGENCES with the MACD-AS (histogram) with the HTF MACD-AS histogram as well, having 2 confirmations, ex: 5m divergence + 15m divergence.
As always, suggestions are welcome.
Enjoy!
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ESPAÑOL
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- Descripción:
Este script es una modificación del Moving Average Convergence Divergence (MACD) de Thomas Aspray, y llamado como MACD-AS, se pueden obtener señales más tempranas que con el MACD.
En ésta (mi versión) tiene varios elementos adicionales y personalización.
En primer lugar (por supuesto) tienes el MACD-AS, que es el HISTOGRAMA, también, tiene una línea de SEÑAL (que suaviza el MACD-AS), y por último, un oscilador de marco de tiempo superior basado en uno de los valores anteriores (personalizado).
- Visuales, características, personalización:
Puedes mostrar/ocultar cualquiera de los componentes con un checkbox (MACD-AS, Señal y Oscilador HTF).
La temporalidad para el oscilador HTF es personalizable, pero por defecto es automático y multiplica la temporalidad del gráfico por 3: 5m > 15m, 15m > 45m etc.
El MACD-AS (histograma), con 2 esquemas de color opcionales y transparencia personalizada, funciona de forma similar al MACD original, oscilando alrededor del nivel 0. Colores verdes (alcista) si está por encima de 0, rojo (bajista) por debajo de 0.
El suavizado del MACD-AS hace la línea de señal, subiendo (alcista) muestra color verde, bajando (bajista) rojo, cambios de uno a otro también imprime un punto de color. Hay otra característica que oscurece el color cuando el impulso está perdiendo fuerza, una entrada de filtro de fuerza está disponible para ese propósito, pero el valor predeterminado 0,5 funciona bien.
El oscilador de temporalidad superior (se llama "oscilador" porque puedes elegir si quieres mostrar el MACD-AS o la línea de señal), siempre se muestra como una línea, los colores funcionan de forma similar a la línea de señal, pero AZUL para alcista y ROSA para bajista.
Por último, el color de fondo sólo cambia de verde (alcista) a rojo (bajista) y viceversa si la línea de señal está por encima o por debajo de la línea 0 para mostrar la tendencia alcista / bajista también, eso si, resulta más lento que otros avisos del indicador.
- Uso y recomendaciones:
Puedes usar este script como el MACD clásico, la diferencia es que usarán los PUNTOS de la línea de Señal (cuando cambie de verde a rojo y viceversa) como cruces en el MACD clásico.
También puedes usar el oscilador de mayor temporalidad como filtro de tendencia para no operar en contra de ella, ej: si el HTF es alcista, no intentes SHORTs.
Mi uso favorito es encontrar DIVERGENCIAS con el MACD-AS (histograma) y el HTF MACD-AS, teniendo 2 confirmaciones, ej: 5m divergencia + 15m divergencia.
Como siempre, las sugerencias son bienvenidas.
¡Que lo disfrutéis!
Oscylatory skupione
Color Changing MACDJapanese below / 日本語説明は下記
This indicator shows MACD with its colors changing based on trend strength.
The purpose of this indicator is to visually understand phases of trends, which are beginning, advancing and ending, measuring the range between MACD line and signal line.
Since MACD is originated from moving average, the range between MACD line and signal line gradually expands as trends progress while the range gets narrowed as trends come closer to the end. The indicator visualizes this characteristics.
The colors change as follows:
Green: In bullish trend, the range between MACD and signal gets expanded from previous candle, which indicates up trends continue
Purple: The range between MACD and signal gets narrowed from previous candle, which indicates trends gradually come to end.
Red: In bearish trend, the range between MACD and signal gets expanded from previous candle, which indicates down trends continue
See the chart below.
Features
Coloring
MACD line and signal line's colors change according to the logic above.
You can also fill the gap between MACD line and signal line with the same color changing logic as lines.
Signals
Golden cross and death cross signals can be displayed.
Alert
Alerts can be set when golden and death crosses occur.
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トレンドの強弱で色が変わるMACDのインジケーターです。トレンドが初期、進展期、終了期と移り変わる様子を視覚的に判断できることを目的に開発しています。
トレンドの強弱はMACDラインとシグナルラインの幅で判断します。
MACDは移動平均線を元にしたインジケーターであるため、トレンドが進展するにつれMACDラインとシグナルラインの幅は徐々に広がります。一方で、トレンドが終盤に差し掛かかるにつれ上記の幅は狭まります。インジケーターはこのMACDの特徴を色で可視化します。
色は以下の通り変化します。
緑:上昇トレンドにおいて、MACDラインとシグナルラインの幅が前のローソク足のそれよりも拡大している場合
=>トレンドの勢いが強まっていることを示唆
紫:MACDラインとシグナルラインの幅が前のローソク足のそれよりも縮小している場合
=>トレンドの勢いが弱まっていることを示唆
赤:下降トレンドにおいて、MACDラインとシグナルラインの幅が前のローソク足のそれよりも拡大している場合
=>トレンドの勢いが強まっていることを示唆
サンプルチャート
機能
色変更
上記のロジックでMACDとシグナルラインの色を変更します。また両ラインの間をラインと同じロジックで塗りつぶすことも可能です。
シグナル
ゴールデンクロスとデッドクロスでシグナルを表示
アラート
ゴールデンクロスとデッドクロスでアラートを設定可能
Broadview Dominance SuiteIntroducing the revolutionary Broadview Dominance Suite, a culmination of scientific precision and astute mathematical finance, designed to provide traders with unparalleled insights into market dynamics and the balance of power. This suite leverages a comprehensive set of seven distinct moving averages, including the Simple Moving Average (SMA), Exponential Moving Average (EMA), Hull Moving Average (HMA), Weighted Moving Average (WMA), Volume Weighted Moving Average (VWMA), Triple Exponential Moving Average (TEMA), and Least Squares Moving Average (LSMA). Through the combination of these moving averages, the Broadview Dominance Suite offers traders an authoritative perspective on the control exerted by market participants over a given period.
At the heart of the Broadview Dominance Suite lies the concept of the balance of power, a pivotal determinant of market dynamics. The balance of power refers to the tug-of-war between buyers (bulls) and sellers (bears) within the market. By analyzing the relationship between the market participants, the suite allows traders to identify and comprehend who holds control over a specific timeframe.
The seven different types of moving averages employed in the Broadview Dominance Suite contribute to an in-depth assessment of market dominance. Each moving average possesses unique characteristics that facilitate a comprehensive evaluation of the balance of power. Let's delve into the moving averages included in this suite and their respective properties:
Simple Moving Average (SMA): The SMA, known for its simplicity, calculates the average price over a specified period. When applied to the balance of power, the SMA provides a smoothed line that highlights overall price trends. Its straightforward nature allows for a clear interpretation of the dominant market forces.
Exponential Moving Average (EMA): The EMA assigns more weight to recent prices, making it highly responsive to short-term price movements. By incorporating the EMA into the balance of power analysis, traders can identify potential trend reversals and shifts in market control with increased accuracy.
Hull Moving Average (HMA): The HMA employs weighted moving averages and a square root function to reduce lag and noise. This results in a smoother line that closely aligns with current price action. When assessing the balance of power, the HMA enables traders to discern precise trend indications, minimizing false signals and providing a clearer understanding of market dominance.
Weighted Moving Average (WMA): The WMA assigns varying weights to different price points within the selected period, placing greater emphasis on recent data. This feature allows the WMA to be more sensitive to recent price changes. When utilized in the analysis of the balance of power, the WMA excels at detecting short-term shifts in market control and identifying periods of heightened buying or selling pressure.
Volume Weighted Moving Average (VWMA): The VWMA incorporates trading volume into its calculation, highlighting the importance of volume in determining market dynamics. By integrating volume data, the VWMA offers a more comprehensive understanding of price levels where significant buying or selling activity occurs. In the context of the balance of power, the VWMA provides valuable insights into the intensity of market control exerted by the bulls or bears.
Triple Exponential Moving Average (TEMA): The TEMA employs multiple exponential smoothing techniques to reduce lag and enhance responsiveness. It excels at capturing short-term price movements and potential trend reversals. By incorporating the TEMA into the analysis of the balance of power, traders can gain a deeper understanding of swift shifts in market control, allowing for timely decision-making.
Least Squares Moving Average (LSMA): The LSMA minimizes the sum of squared differences between the moving average and the actual price, resulting in a curve that closely fits the price data. When applied to the balance of power, the LSMA provides a smooth line that effectively captures significant price trends. Its ability to filter out noise ensures a clearer representation of dominant market forces.
By combining these seven moving averages within the Broadview Dominance Suite, traders gain an authoritative assessment of market control. The interplay between these moving averages presents a nuanced and multi-faceted perspective on the balance of power. When a line falls below the center line, it signifies the market is under the control of the bears, indicating a dominance of selling pressure. Conversely, when the lines rise above the center line, it suggests the market is controlled by the bulls, with buying pressure prevailing.
Broadview Underpriced & OverpricedIntroducing the groundbreaking Broadview Underpriced & Overpriced indicator—a convergence of science, technology, and mathematical finance. This cutting-edge development takes the highly acclaimed Overbought & Oversold Heatmap and elevates it to an entirely new level by infusing it with price trends through the application of special moving averages. The result is a revolutionary approach to asset classification, allowing traders, investors, and institutions to categorize assets into four distinct categories: Underpriced, Overpriced, Discounted, and Inflated.
The Broadview Underpriced & Overpriced indicator combines the power of the Overbought & Oversold Heatmap with a sophisticated methodology that leverages special moving averages. These unique moving averages enhance the precision and accuracy of the asset classification process, providing traders with unparalleled insights into market conditions.
Under the Broadview Underpriced & Overpriced framework, assets that are deemed oversold and positioned below the special moving average are identified as Underpriced. This designation implies that the asset's current price is undervalued relative to its intrinsic worth, presenting an opportune moment to consider initiating a buying position. Underpriced assets are represented by a vibrant purple color on the indicator, symbolizing the potential for significant buying opportunities.
Conversely, assets that are considered overbought and situated above the special moving average are labeled as Overpriced. This classification indicates that the asset's current price has exceeded its intrinsic value, suggesting a favorable moment to contemplate selling or reducing exposure to the asset. Overpriced assets are visually depicted by a striking teal color, signifying the potential for optimal selling opportunities.
Moreover, the Broadview Underpriced & Overpriced indicator recognizes a third category known as Discounted assets. These assets are characterized by being positioned above the special moving average while simultaneously experiencing oversold conditions. This classification suggests that although the asset's price may be above its average value, it is currently available at a discounted price relative to its long-term potential. Discounted assets are represented by a deep purple hue, indicating an opportunity for buyers to consider making purchases with a lower aggression dollar-cost averaging (DCA) strategy.
Lastly, the indicator identifies Inflated assets as those positioned below the special moving average while concurrently exhibiting overbought conditions. This classification implies that the asset's price may be temporarily inflated compared to its intrinsic worth. Inflated assets are depicted by a rich teal color, representing an indication for trend traders or those looking to capitalize on consolidations.
The Broadview Underpriced & Overpriced indicator brings forth a groundbreaking evolution in asset classification, meticulously combining the Overbought & Oversold Heatmap with the influence of special moving averages. Through this unique fusion, traders and investors gain access to an unprecedented level of insight, enabling them to make informed decisions based on a comprehensive evaluation of market trends.
The Broadview Underpriced & Overpriced indicator represents a paradigm shift in asset classification, uniting science, technology, and mathematical finance to deliver an innovative and comprehensive trading tool. By leveraging special moving averages in conjunction with the Overbought & Oversold Heatmap, this indicator enables traders, investors, and institutions to categorize assets as Underpriced, Overpriced, Discounted, or Inflated. Its visually captivating color scheme and strategic insights empower market participants to navigate market trends with precision, enhancing their ability to capitalize on optimal buying and selling opportunities while employing various trading strategies.
Broadview Delta (ROC)The Broadview Delta (ROC) is a trading indicator designed to provide insights into significant price changes in financial markets. ROC stands for Rate of Change, and it measures the percentage difference between the current price and a price from a specific number of periods ago. The Broadview Delta takes the concept of ROC a step further by incorporating bands of significance based on the highest and lowest price values within a defined time window. This allows traders to identify significant changes in price that are directly correlated with recent highs and lows.
The ROC indicator is widely used by traders and investors to assess the momentum and strength of price movements. It is particularly helpful in identifying potential trend reversals, overbought or oversold conditions, and divergences between price and momentum. By comparing the current price to a historical price point, ROC provides a normalized measurement of price change, enabling traders to gauge the speed and magnitude of market movements.
The Broadview Delta builds upon the traditional ROC by setting bands of significance based on recent highs and lows. These bands provide a contextual reference point for evaluating the significance of price changes. When the current price exceeds a significant upper band, it suggests a potential overbought condition, indicating that the price may be due for a correction. Conversely, if the current price falls below a significant lower band, it signals a potential oversold condition, implying that the price may be primed for a rebound. The bands of significance allow traders to identify crucial price levels where significant market reactions are likely to occur.
By mapping significant changes in price in relation to recent highs and lows, the Broadview Delta offers traders a clearer picture of market dynamics. It helps traders identify critical inflection points where price action is likely to encounter resistance or support. This information empowers traders to make informed decisions about entering or exiting trades, setting profit targets, and placing stop-loss orders.
The Broadview Delta indicator can be applied to various financial instruments, such as stocks, commodities, currencies, and indices. It can be used on different timeframes, ranging from intraday charts to longer-term charts, depending on the trader's preferred trading style and objectives.
The Broadview Delta (ROC) is a powerful trading indicator that combines the principles of the Rate of Change with bands of significance based on recent highs and lows. By providing a direct correlation between significant price changes and recent price extremes, it enhances the ability of traders to identify crucial market turning points. Incorporating the Broadview Delta into trading strategies can improve decision-making, increase the accuracy of trade entries and exits, and ultimately contribute to more profitable trading outcomes.
GKD-C Detrended Price Oscillator [Loxx]Giga Kaleidoscope GKD-C Detrended Price Oscillator is a Metamorphosis module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ GKD-C Detrended Price Oscillator
The Detrended Price Oscillator (DPO) is a technical analysis tool used by traders and analysts to identify cycles and trends in price movements. It aims to remove the long-term trend from the price data and focus on shorter-term cycles.
The DPO calculates the difference between a chosen period's closing price and the historical moving average of that price. The moving average used is typically a simple moving average (SMA) or an exponential moving average (EMA). The resulting values represent the deviation from the long-term trend.
To calculate the DPO, follow these steps:
1. Determine the desired period for analysis (e.g., 20 days).
2. Calculate the center point of this period by taking (period length / 2) + 1 (e.g., (20 / 2) + 1 = 11).
3. Calculate the simple moving average (SMA) of the price over the chosen period.
4. Shift the moving average backward by the center point calculated in step 2. This creates a displaced moving average.
5. Subtract the displaced moving average from the price at the corresponding period to obtain the DPO value.
The resulting DPO values oscillate above and below the zero line. Traders often use the DPO to identify cycles, overbought or oversold conditions, and potential reversal points. When the DPO crosses above the zero line, it suggests that the price may be in an uptrend, while crossing below indicates a potential downtrend.
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators*
*(not part of the NNFX algorithm)
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
What is an Metamorphosis indicator?
The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Full GKD Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Detrended Price Oscillator as shown in the chart above
Confirmation 2: uf2018
Continuation: Vortex
Exit: Rex Oscillator
Metamorphosis: Fisher Transform, Universal Oscillator, Aroon, Vortex .. combined
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Basline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
█ Connecting to Backtests
All GKD indicators are chained indicators meaning you export the value of the indicators to specialized backtest to creat your GKD trading system. Each indicator contains a proprietary signal generation algo that will only work with GKD backtests. You can find these backtests using the links below.
GKD-BT Giga Confirmation Stack Backtest:
GKD-BT Giga Stacks Backtest:
GKD-BT Full Giga Kaleidoscope Backtest:
GKD-BT Solo Confirmation Super Complex Backtest:
GKD-BT Solo Confirmation Complex Backtest:
GKD-BT Solo Confirmation Simple Backtest:
[blackcat] L1 Vitali Apirine Stochastic Distance OscillatorLevel 1
Background
Vitali Apirine published an article of “The Stochastic Distance Oscillator” on June 2023. I rewrite it for pine script.
Function
Vitali Apirine offers a new twist on the classic stochastic oscillator, which he calls "Stochastic Distance Oscillator" (SDO). The SDO is an impulse study that shows the size of the current range versus the maximum/minimum range range over a period of time. The study can be used for stocks or indices that are trending, but is also useful for trading ranges. Overbought and oversold levels can help spot upside and downside trend changes.
Remarks
Feedbacks are appreciated.
RSI, SRSI, MACD and DMI cross - Open source codeHello,
I'm a passionate trader who has spent years studying technical analysis and exploring different trading strategies. Through my research, I've come to realize that certain indicators are essential tools for conducting accurate market analysis and identifying profitable trading opportunities. In particular, I've found that the RSI, SRSI, MACD cross, and Di cross indicators are crucial for my trading success.
Detailed explanation:
The RSI is a momentum indicator that measures the strength of price movements. It is calculated by comparing the average of gains and losses over a certain period of time. In this indicator, the RSI is calculated based on the close price with a length of 14 periods.
The Stochastic RSI is a combination of the Stochastic Oscillator and the RSI. It is used to identify overbought and oversold conditions of the market. In this indicator, the Stochastic RSI is calculated based on the RSI with a length of 14 periods.
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices. It consists of two lines, the MACD line and the signal line, which are used to generate buy and sell signals. In this indicator, the MACD is calculated based on the close price with fast and slow lengths of 12 and 26 periods, respectively, and a signal length of 9 periods.
The DMI is a trend-following indicator that measures the strength of directional movement in the market. It consists of three lines, the Positive Directional Indicator (+DI), the Negative Directional Indicator (-DI), and the Average Directional Index (ADX), which are used to generate buy and sell signals. In this indicator, the DMI is calculated with a length of 14 periods and an ADX smoothing of 14 periods.
The indicator generates buy signals when certain conditions are met for each of these indicators.
1) For the RSI, a buy signal is generated when the RSI is below or equal to 35 and the Stochastic RSI %K is below or equal to 15, or when the RSI is below or equal to 28 the Stochastic RSI %K is below or equal to 15 or when the RSI is below or equal to 25 and the Stochastic RSI %K is below or equal to 10 or when the RSI is below or equal to 28.
2) For the MACD, a buy signal is generated when the MACD line is below 0, there is a change in the histogram from negative to positive, the MACD line and histogram are negative in the previous period, and the current histogram value is greater than 0.
3) For the DMI, a buy signal is generated when the Positive Directional Indicator (+DI) crosses above the Negative Directional Indicator (-DI), and the -DI is less than the +DI.
The indicator generates sell signals when certain conditions are met for each of these indicators:
1) For the RSI, a sell signal is generated when the RSI is above or equal to 75 and the Stochastic RSI %K is above or equal to 85, or when the RSI is above or equal to 80 and the Stochastic RSI %K is above or equal to 85, or when the RSI is above or equal to 85 and the Stochastic RSI %K is above or equal to 90 or when the RSI is above or equal to 82.
2)For the MACD, a sell signal is generated when the MACD line is above 0, there is a change in the histogram from positive to negative, the MACD line and histogram are positive in the previous period, and the current histogram value is less than the previous histogram value. On the other hand, a buy signal is generated when the MACD line is below 0, there is a change in the histogram from negative to positive, the MACD line and histogram are negative in the previous period, and the current histogram value is greater than the previous histogram value.
3)For the DMI a bearish signal is generated when plusDI crosses above minusDI, indicating that bulls are losing strength and bears are taking control.
The indicator uses a combination of these four indicators to generate potential buy and sell signals. The buy signals are generated when RSI and SRSI values are in oversold conditions, while sell signals are generated when RSI and SRSI values are in overbought conditions. The indicator also uses MACD crossovers and DMI crossovers to generate additional buy and sell signals.
When a signal is strong?
The use of multiple signals within a specific timeframe can increase the accuracy and reliability of the signals generated by this indicator. It is recommended to look for at least two signals within a range of 5-8 candles in order to increase the probability of a successful trade.
Why it's original?
1) There is no indicator in the library that combine all of these indicators and give you a 360 view
2)The combination of the RSI, Stochastic RSI, MACD, and DMI indicators in a single script it's unique and not available in the libray.
3)The specific parameters and conditions used to calculate the signals may be unique and not found in other scripts or libraries.
4)The use of plotshape() to plot the signals as shapes on the chart may be unique compared to other scripts that simply plot lines or bars to indicate signals.
5)The use of alertcondition() to trigger alerts based on the signals may be unique compared to other scripts that do not have custom alert functionality.
Keep attention!
It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions.
Support me:)
If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
GKD-C Composite RSI [Loxx]Giga Kaleidoscope GKD-C Composite RSI is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ What is the Composite RSI?
The Composite Relative Strength Index (Composite RSI) is a sophisticated adaptation of the traditional Relative Strength Index (RSI). This advanced indicator combines the benefits of smoothing techniques with the relative strength index to offer a more detailed perspective of market conditions. To fully comprehend the scope of Composite RSI, it's crucial to first understand the traditional RSI and its limitations.
The Relative Strength Index (RSI) is a widely used momentum oscillator that gauges the speed and change of price movements. Developed by J. Welles Wilder, the RSI is a scale from 0 to 100, with high and low levels typically set at 70 and 30, respectively. When the RSI climbs above 70, the asset is often considered overbought, suggesting a potential price decrease. Conversely, when the RSI falls below 30, the asset is deemed oversold, indicating a potential price increase.
While the RSI is beneficial in various market conditions, it is not without its limitations. One of the main criticisms of the traditional RSI is that it can produce false signals during trending markets. This is primarily due to the fact that the RSI only considers a single timeframe and does not account for volatility in the market.
The Composite RSI aims to address these limitations. This advanced indicator uses smoothing techniques and depth analysis to provide a more nuanced view of the market. As the provided pseudocode suggests, the Composite RSI calculates the Relative Strength (RS) over a given period and a certain depth, incorporating the average upward and downward changes in the price.
By using the Composite RSI, traders can better interpret market conditions and make more informed decisions. Its application of smoothing techniques helps to filter out market noise and reduce the likelihood of false signals. Furthermore, by considering multiple periods (the depth), the Composite RSI provides a more comprehensive view of market momentum.
While the traditional RSI remains a valuable tool in technical analysis, the Composite RSI offers a more nuanced and comprehensive approach to assessing market conditions. By incorporating smoothing techniques and depth analysis, the Composite RSI provides a more reliable and robust measure of market momentum, enhancing the decision-making process for traders and investors alike.
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Full GKD Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Composite RSI
Confirmation 2: uf2018 as shown
Continuation: Vortex
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Basline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
█ Connecting to Backtests
All GKD indicators are chained indicators meaning you export the value of the indicators to specialized backtest to create your GKD trading system. Each indicator contains a proprietary signal generation algorithm that only work with GKD backtests. You can find these backtests using the links below.
GKD-BT Giga Confirmation Stack Backtest:
GKD-BT Giga Stacks Backtest:
GKD-BT Full Giga Kaleidoscope Backtest:
GKD-BT Solo Confirmation Super Complex Backtest:
GKD-BT Solo Confirmation Complex Backtest:
GKD-BT Solo Confirmation Simple Backtest:
Adaptive Momentum Channel - [Volume Filter]The Adaptive Momentum Channel with Volume Filter (Adaptive MCVF) is an indicator that utilizes an adaptive RSI to adjust its sensitivity based on the market conditions. The RSI component of the indicator calculates the standard deviation and mean deviation of RSI values and uses these to calculate the adaptive RSI. The volume filter component of the indicator filters the adaptive RSI based on the volume average, allowing the indicator to identify trend changes and filter out market noise.
The indicator plots the upper and lower bands of the Adaptive MCVF, which are calculated by taking the moving average of the filtered RSI and applying an offset based on the standard deviation. A fast moving average is also plotted, which can be used to identify short-term changes in the trend.
The Adaptive MCVF also includes a divergence identification feature, which can be used to identify potential trend changes. The indicator plots regular bullish and bearish divergences, as well as hidden bullish and bearish divergences.
This is a variant of my previous MCVF indicator, this one simply allows you to take the standard deviation of the momentum and use it to make the indicator a bit more adaptive!
I made it protected to hide the standard deviation math and the auto divergence code.
You can always use this indicator by pressing "favorite";)
Oscillator buy and sellThe oscillator in the provided script is a custom indicator designed to help identify choppy market conditions and generate buy and sell signals based on the direction of the price movement. It is derived from the ATR (Average True Range) and the percentage of the ATR relative to the closing price. When the ATR percentage is below the specified threshold, the market is considered choppy. In this script, the oscillator has a value of 1 when the closing price is higher than the opening price, and -1 when the closing price is lower than the opening price.
How to use the buy and sell signals:
1. Buy Signal: When the oscillator transitions from a negative value to a positive value, a buy signal is generated. This indicates that the price is moving upwards, and it might be a good opportunity to enter a long position. A green arrow will appear below the candlestick where the buy signal is generated.
2. Sell Signal: When the oscillator transitions from a positive value to a negative value, a sell signal is generated. This indicates that the price is moving downwards, and it might be a good opportunity to enter a short position or close an existing long position. A red arrow will appear above the candlestick where the sell signal is generated.
It is essential to remember that this oscillator is a simple tool and should not be solely relied upon for making trading decisions. It is recommended to use this oscillator in conjunction with other technical analysis tools and indicators to improve the accuracy of your trading decisions. Additionally, always consider your risk tolerance and trading strategy before entering or exiting trades.
RottenZero JMET Buy & Sell Signal”RottenZero JMET Buy & Sell Signal" is a custom indicator designed to help traders identify potential buy and sell signals in the market by unifying multiple indicators into a single tool.
(J(JMA)+M(MACD)+E(EMA)+T(Trend))
This was inspired by YouTube videos that showcased trading strategies using separate indicators.
The indicator combines the Jurik Moving Average (JMA), Moving Average Convergence Divergence (MACD), and Exponential Moving Averages (EMA) into a concise visual representation using circles and background colors.
The indicator plots various events as circles with varying opacity levels, which helps visualize the strength of the signals.
It also changes the background color to green for a long signal and red for a short signal, indicating potential buy and sell signals, respectively.
Here's some examples:
(Please note that signals are not always accurate and should be used as a reference in your trading decisions, rather than relying solely on them.
It's essential to use proper risk management and incorporate other aspects of technical and fundamental analysis to make well-informed trading decisions.)
I hope this unified indicator proves to be a valuable tool in your trading.
-----
(KO)
"RottenZero JMET Buy & Sell Signal"은 여러 지표를 하나의 도구로 합쳐 잠재적인 매수 및 매도 신호를 파악하는 데 도움이 되도록 설계된 인디케이터입니다.
(J(JMA)+M(MACD)+E(EMA)+T(Trend))
이 인디케이터는 별도의 여러 지표를 사용한 거래 전략을 보여주는 YouTube 동영상에서 영감을 얻어 더 편하게 사용하기 위해 만들게 되었습니다.
지표는 Jurik 이동 평균 (JMA), 이동 평균 수렴 발산 (MACD), 지수 이동 평균 (EMA)을 원형 및 배경색을 사용하여 심플하게 보이도록 했습니다.
지표는 다양한 투명도 수준의 원으로 이벤트를 표시하여 신호의 강도를 시각화하는 데 도움이 됩니다.
또한 배경색을 Long 신호의 경우 초록색으로, Short 신호의 경우 빨간색으로 변경하여 잠재적인 매수 및 매도 신호를 나타냅니다.
(신호가 항상 정확하지는 않으므로, 이를 거래 결정에 대한 참조로 사용하고 전적으로 의존하지 마시길 바라며,
적절한 리스크 관리와 기술적이고 기본적인 여러 근거들을 포함하여 신중한 거래 결정을 내리시기를 바랍니다.)
이 인디케이터가 거래하실 때 도움이 되시기를 바라겠습니다.
Gaussian Fisher Transform Price Reversals - FTRHello Traders !
Looking for better trading results ?
"This indicator shows you how to identify price reversals in a timely manner." John F. Ehlers
Introduction :
The Gaussian Fisher Transform Price Reversals indicator, dubbed FTR for short, is a stat based price reversal detection indicator inspired by and based on the work of the electrical engineer now private trader John F. Ehlers.
The Fisher Transform :
It is a common assumption that prices have a gaussian / normal probability density function(PDF), i.e. a sample of n close prices would be normally distributed if the probability of observing a price value say at any given standard deviation range is equal to that probability in the case of the normal distribution, e.g. 68% off all samples fell within one standard deviation around the mean, which is what we would expect if the data was normal.
However Price Action is not normally distributed and thus can not be conventionally interpreted in this way, Formally the Fisher Transform, transforms the distribution of bounded ranging price action (were price action takes values in a range from -1 to 1) into that of a normal distribution, alternatively it may be said the Fisher Transform changes the PDF of any waveform so that the transformed output has n approximately Gaussian PDF, It does so through the following equations. taken directly from the work of John F. Ehlers - Using The Fisher Transform
By substituting price data in the above formulas, bounded ranging price actions (over a given user defined period lookback - this determines the range price ranges in, see the Intermediate formula above) distribution is transformed to that in the normal case. This means when the input, the Intermediate ,(the Midpoint - see formula above) approaches either limit within the range the outputs are greatly amplified, this amplification accentuates /puts more weight on the larger deviations or limits within the range, conversely when price action is varying round the mean of the range the output is approximately equal to unity (the input is approximately equal to the input, the intermediate)
The inputs (Intermediates) are converted to normal outputs and the nonlinear Transfer of the Fisher Transform with varying senesitivity's (gammas) can be seen in the graph / image above. Although sensitivity adjustments are not currently available in this script (I forgot to add it) the outputs may be greatly amplified as gamma (the coefficient of the Fisher Transformation - see Fish equation) approaches 1. the purple line show this graphically, as a higher gamma leads to a greater amplification than in the standard case (the red line which is the standard fisher transformation, the black plot is the Fish with a gamma of 1, which is unity sensativity)
Reversal plots and Breakouts :
- Support lines are plotted with their corresponding Fish value when there is a crossover of the Fish and Fish SMA <= a given standard deviation of Fish
- Resistance lines are plotted with their corresponding Fish value when there is a crossunder of the Fish and Fish SMA >= a given standard deviation of Fish
- Reversals are these support and resistance line plots
Breakouts and Volume bars :
Breakouts cause the reversal lines to break (when the high/low is above the resistance/support), Breakouts are more "high quality" when they occur conditional on high volume, the highlighted bars represent volume standard deviations ranging from -3 to 3. When breakouts occure on high volume this may be a sign of the continutaion of the trend (reversals would signify the start of a new trend).
Hope you enjoy, Happy Trading !
(be sure to rocket the script if you liked it, this helps me know which of my scripts are the most useful)
FibonRSI / ErkOziHello,
This software is a technical analysis script written in the TradingView Pine language. The script creates a trading indicator based on Fibonacci retracement levels and the RSI indicator, providing information about price movements and asset volatility by using Bollinger Bands.
There are many different scripts in the market that draw RSI and Fibonacci retracement levels. However, this script was originally designed by me and shared publicly on TradingView.
***The indicator uses RSI (Relative Strength Index) and Bollinger Bands (BB) as the basis for the FibonRSI strategy. RSI measures the strength of a price movement, and BB measures the volatility of an asset. The FibonRSI strategy is based on the idea that the Fibonacci ratios and RSI can be used to predict a asset's price retracement levels.
***The script allows for various parameters to be adjusted. Users can specify the price source type and adjust the periods for RSI and Bollinger Bands. The standard deviation number for Bollinger Bands can also be customized.
***The script calculates the current RSI indicator position and the basic, upper, and lower levels of Bollinger Bands. It then calculates and draws the Fibonacci retracement levels. The color of the RSI line is determined by the upper and lower distribution levels of Bollinger Bands. Additionally, the color of the Fibonacci retracement levels can also be customized by the user.
***This script can be used to determine potential buy and sell signals using Fibonacci retracement levels and RSI. For example, when the RSI is oversold and the price is close to a Fibonacci retracement level, it can be interpreted as a buying opportunity. Similarly, when the RSI is overbought and the price is close to a Fibonacci retracement level, it can be interpreted as a selling opportunity.
***The script takes input parameters such as the price source used for calculation, the period for the RSI indicator, the period for the Moving Average in Bollinger Bands, and the number of standard deviations used in Bollinger Bands.
***The script's conditions include elements such as calculating the current position of the RSI indicator, calculating the upper and lower Bollinger Bands, calculating the dispersion factor, and calculating Fibonacci levels.
***The parameters in the code can be adjusted for calculation, including the price type used, the RSI period, the Moving Average period for BB, and the standard deviation count for BB. After this, the current position of the RSI, Moving Average, and standard deviation for BB are calculated. After calculating the upper and lower BB, the levels above and below the average are calculated using a specific dispersion constant.
CONDITIONS FOR THE SCRIPT
current_rsi = ta.rsi(src, for_rsi) // Current position of the RSI indicator
basis = ta.ema(current_rsi, for_ma)
dev = for_mult * ta.stdev(current_rsi, for_ma)
upper = basis + dev
lower = basis - dev
dispersion = 1
disp_up = basis + (upper - lower) * dispersion
disp_down = basis - (upper - lower) * dispersion
// Fibonacci Levels
f100 = basis + (upper - lower) * 1.0
f78 = basis + (upper - lower) * 0.78
f65 = basis + (upper - lower) * 0.65
f50 = basis
f35 = basis - (upper - lower) * 0.65
f23 = basis - (upper - lower) * 0.78
f0 = basis - (upper - lower) * 1.0
***When calculating Fibonacci levels, the distance between the average of BB and the upper and lower BB is used. These levels are 0%, 23.6%, 35%, 50%, 65%, 78.6%, and 100%. Finally, the RSI line that changes color according to a specific RSI position, Fibonacci levels, and BB are visualized. Additionally, the levels of 70, 30, and 50 are also shown.
The script then sets the color of the RSI position according to the EMA and draws Bollinger Bands, RSI, Fibonacci levels, and the 70, 30, and 50 levels.
In conclusion, this script enables traders to analyze market trends and make informed decisions. It can also be customized to suit individual trading strategies.
This script analyzes the RSI indicator using Bollinger Bands and Fibonacci levels. The default settings are 14 periods for RSI, 233 periods and 2 standard deviations for BB. The MA period inside BB is selected as the BB period and is used when calculating Fibonacci levels.
***The reason for selecting these settings is to provide enough time for BB period to confirm a possible trend. Additionally, the MA period inside BB is matched with the BB period and used when calculating Fibonacci levels.
***Fibonacci levels are calculated from the distance between the upper and lower bands of BB and show how RSI movement is related to these levels. Better results can be achieved when RSI periods are set to Fibonacci numbers such as 21, 55, and 89. Therefore, the use of Fibonacci numbers is recommended when adjusting RSI periods. Fibonacci numbers are among the technical analysis tools that can capture the reflection of naturally occurring movements in the market. Therefore, the use of Fibonacci numbers often helps to better track fluctuations in the market.
Finally, the indicator also displays the 70 and 30 levels and the middle level (50) with Fibonacci levels drawn in circles. Changing these settings can help optimize the Fibonacci levels and further improve the indicator.
Thank you in advance for your suggestions and opinions......
MACD Chebyshev (CMACD)Introducing the Advanced MACD Chebyshev Indicator
Enhanced Convergence Divergence with Gate Compressor for Improved Trading Signals
Introduction
We are excited to introduce a new, advanced Moving Average Convergence Divergence (MACD) indicator that we've developed, called the MACD Chebyshev (CMACD). This innovative indicator uses the dominant period to determine the frequency of the band pass and employs a delayed version of the signal for better convergence divergence. To further enhance the quality of the signals, we've incorporated a gate compressor in the histogram. In this blog post, we will provide an extensive overview of the CMACD indicator, detailing its features and explaining how it works.
The MACD Chebyshev Indicator
The CMACD indicator is based on the well-known MACD indicator, which is a popular technical analysis tool for identifying potential trend reversals in financial markets. The MACD indicator calculates the difference between two Exponential Moving Averages (EMAs) and plots a histogram to represent the convergence and divergence between these EMAs. The CMACD indicator builds on this concept by using the Chebyshev Type I and Type II Moving Averages, which offer superior smoothing and reduced lag compared to traditional EMAs.
The main components of the CMACD indicator are:
1. Signal Line (Blue Line)
2. Delay Line (Orange Line)
3. Histogram (Green and Red bars)
4. Zero Line (Gray Line)
The indicator calculates the difference between the two Chebyshev Moving Averages and plots the histogram based on this difference. The histogram bars change color depending on whether they are above or below the zero line and whether they are growing or falling.
Custom Functions and Features
The CMACD indicator includes several custom functions and features that set it apart from the standard MACD indicator:
1. Dominant Period: The CMACD indicator uses the dominant period to determine the frequency of the band pass. This ensures that the indicator is more responsive to the current market conditions, as it adapts to the dominant cycle in the price data.
2. Delayed Signal: The CMACD indicator employs a delayed version of the signal to provide better convergence divergence. This helps to reduce false signals and improve the accuracy of the indicator.
3. Ripple: The Ripple parameter allows users to adjust the smoothing factor of the Chebyshev Moving Averages. This can be customized to suit individual trading preferences and strategies.
4. Gate Compressor: The CMACD indicator incorporates a gate compressor in the histogram. This unique feature allows users to specify a Percent Rank for the gate signal level, a Gate Ratio, and a Knee Type (either "hard" or "soft"). The gate compressor works by reducing the amplitude of the histogram bars when their absolute value is below the specified threshold. This helps to filter out noise and improve the clarity of the signals generated by the indicator.
Color Scheme
The CMACD indicator features an intuitive color scheme for easy interpretation of the histogram:
1. Green Bars (Above Zero Line): The histogram bars are green when they are above the zero line. The darker green color indicates a growing bar, while the lighter green color represents a falling bar.
2. Red Bars (Below Zero Line): The histogram bars are red when they are below the zero line. The darker red color indicates a growing bar, while the lighter red color represents a falling bar.
Conclusion
The MACD Chebyshev (CMACD) indicator is an innovative and powerful tool for technical analysis, offering superior performance compared to the standard MACD indicator. With its advanced features, such as the dominant period, delayed signal, ripple adjustment, and gate compressor, the CMACD indicator provides more accurate and reliable trading signals. Incorporate the CMACD indicator into your trading strategy today and experience the enhanced convergence divergence for better trading decisions.
Bollinger Bands %B (ValueRay)One of the key features of this BB%B is its ability to highlight overbought and oversold conditions. This allows you to make informed decisions on when to enter and exit a trade, helping you maximize your profits and minimize your losses.
- Bollinger Bands %B with the ability to change to a different Time Frame.(Defaults to current Chart Time Frame).
- Ability To Turn On/Off Background Highlighting if BB %B is Above/Below 0 / 1 thresholds.
- Ability To Turn On/Off Background Highlighting when BB %B Crosses back above/unser 0/1 thresholds.
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My personal recommandation use: combine with CM_Ultimate RSI Multi Time Frame (ChrisMoody) and have solid oversold/overbought levels, when hes RSI and my BB %B are bot red/green
Sebastine Trend CatcherSebastine Trend Catcher captures trends in any time frame in a very simple fashion. Green line crossing up above the signal zero line is uptrend. Red line crossing down the signal zero line is downtrend. The indicator line is presented by default as a step line, which gives an idea on how the trend moves inside the bigger trend. But it should be specifically understood that a trend starts only when the indicator crosses the signal zero line. The ups and downs in the indicator step line until crossing signal zero line is only small corrections and bounces inside a trend. Sebastine trend catcher captures trends smoothing prices in 2 steps. The indicator banks profusely on the idea of jackvmk’s Heiken Ashi Candles. The indicator presented in a centred oscillator fashion in a bottom panel helps understand the main trend and its different shades inside the trend in a clearly discernible manner with sharp entry signals when crossing zero line. The indicator could be used from Daytrading to Investment Trading. As usual this indicator too could produce overshoots and error signals and be better used with other indicators. The settings can be varied and experimented for any given scrip, timeframe or stock exchange.
Simple Moving Average Slope [AstrideUnicorn]The Simple Moving Average Slope indicator (SMAS) is a technical analysis tool designed to help traders detect the direction and strength of the current trend in the price of an asset. It is also a great tool for identifying sideways markets. The indicator plots the slope of a simple moving average (SMA) of the closing prices over a specified time period. The slope is normalized by dividing it by the standard deviation of the slope over a longer time period.
HOW TO USE
Traders can use the Simple Moving Average Slope indicator in various ways. One common way is to look for bullish or bearish signals. A bullish signal occurs when the normalized slope rises above a predetermined threshold, resulting in the indicator turning green, indicating an upward trend in the market. Conversely, a bearish signal is generated when the normalized slope falls below the negative value of the threshold, causing the indicator to turn red, signaling a downtrend in the market. When the normalized slope falls between the positive and negative threshold values, a neutral signal is generated, indicating that the market is moving sideways. This can help traders avoid false trend signals from other indicators and strategies that may occur when the market is in a sideways regime. Additionally, traders can use the Simple Moving Average Slope indicator in conjunction with other technical indicators to confirm the trend direction.
SETTINGS
Window - specifies the number of bars used to calculate the SMA slope. The default value is 20.
Threshold - specifies the threshold value used to generate the bullish and bearish signals. The default value is 0.6. Traders can adjust these settings based on their trading strategy and the asset being analyzed.
Overbought & Oversold HeatmapThe Broadview OBOS Heatmap is a new indicator that takes commonly used oscillators and transforms them into a powerful heatmap, providing traders and investors with an unparalleled level of insight into market trends and cycles. With the ability to visualize 15 different oscillators all at once, the Broadview Overbought & Oversold Heatmap offers users the ability to control and analyze an impressive array of indicators.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is often used to identify overbought and oversold conditions in the market. The Money Flow Index (MFI) is a volume-weighted version of the RSI, used to measure buying and selling pressure. The Commodity Channel Index (CCI) is a versatile oscillator used to measure momentum, trend, and overbought/oversold conditions. It is often used to identify trend reversals.
The Aroon Oscillator is a trend-following oscillator that measures the strength of a trend and the potential for a trend reversal. The Relative Volatility Index (RVI) is a volatility-based oscillator that measures the strength of a trend and potential trend reversals. The Stochastic Detrended Price Oscillator is a momentum oscillator that measures the difference between the current price and its moving average.
The Stochastic Elders Force Index is an oscillator used to measure buying and selling pressure. The Stochastic Relative Strength Index is a momentum oscillator used to measure the strength of a trend. The Stochastic Relative Vigor Index is a momentum oscillator used to measure the trend strength and potential reversals. The Stochastic Klinger Oscillator is a momentum oscillator that measures buying and selling pressure. The Stochastic Awesome Oscillator is a momentum oscillator that measures the difference between two moving averages.
The Stochastic Ultimate Oscillator is an oscillator used to measure the strength of a trend and potential reversals. The Stochastic Chande Momentum Oscillator is a momentum oscillator that measures the difference between two moving averages. The Stochastic On Balance Volume Oscillator is a volume-based oscillator used to measure the buying and selling pressure. The Stochastic MACD is a momentum oscillator that measures the difference between two moving averages.
The Broadview OBOS Heatmap is an extremely powerful indicator that reimagines commonly used oscillators as a heatmap, providing traders and investors with an unparalleled level of insight into market trends and cycles. With the ability to control and analyze 15 different oscillators at once, the Broadview Overbought & Oversold Heatmap offers users an incredibly comprehensive tool for analyzing market trends and making informed trading decisions.
True OscillatorThe True Oscillator is an exceptional trading indicator that provides traders with highly accurate and reliable signals. While the RSI has been a popular indicator for decades, it has limitations, as it only considers closing price action which can be insufficient in providing a complete market trend analysis.
The True Oscillator, on the other hand, has been meticulously crafted to address these limitations. It considers multiple critical data points, including Close, High, Low, Open, Moving Averages, Weighted Moving Averages, Balance of Power, Center of Gravity, Average Sentiment, and Volume Weighted Moving Averages. These data points are perfectly weighted and blended into a single index momentum oscillator, replacing the RSI.
What makes the True Oscillator exceptional is its superior accuracy on individual bars. Since it considers more data points, it provides a more comprehensive picture of market trends, allowing traders to make better trading decisions based on highly accurate signals. Furthermore, the True Oscillator's accuracy throughout market swings ensures that traders have more reliable signals on both the upswing and downswing.
In terms of overall accuracy, the True Oscillator's ability to weigh and blend multiple data points results in a highly robust and reliable indicator that traders can depend on. The True Oscillator's unparalleled accuracy provides traders with a highly dependable indication of market trends.
The True Oscillator is a powerful trading indicator that has taken technical analysis to the next level. Its ability to consider multiple data points makes it a more reliable indicator than other momentum oscillators.
Bayesian predictive leading indicator--------- ENGLISH ---------
This is a predictive indicator ( leading indicator ) that uses Bayes' formula to calculate the conditional probability of price increases given the angular coefficient. The indicator calculates the angular coefficient and its regression and uses it to predict prices.
Bayes' theorem is a fundamental result of probability theory and is used to calculate the probability of a cause causing the verified event. In other words, for our indicator, Bayes' theorem is used to calculate the conditional probability of one event (price event in this case) with respect to another event by calculating the probabilities of the two events (past price) and the conditional probability of the second event (future price) with respect to the first event.
The red line represents the angular coefficient. The blue line represents the normalized expected price. Finally, the yellow line represents the conditional probability that the price will increase or decrease.
How to use it. In addition to the convenient histogram, which follows the angular coefficient, another practical operational application might be to go long when the blue line is above the red and yellow lines. Conversely short when the blue is below the red and yellow.
When the yellow line passes above all others, a reversal in the long direction is imminent and vice versa.
The extent of the reversal depends on how far the yellow line will be away in price from the other 2 lines.
This indicator is in its embryonic state and updates will follow to make it more graphically readable, add alerts, etc.
Stay tuned! Leave a boost and comment or write to me if you wish.
--------- ITALIANO ---------
Questo è un indicatore predittivo ( leading indicator ) che utilizza la formula di Bayes per calcolare la probabilità condizionata che il prezzo aumenti dato il coefficiente angolare. L’indicatore calcola il coefficiente angolare e la sua regressione e lo utilizza per prevedere i prezzi.
Il teorema di Bayes è un risultato fondamentale della teoria della probabilità e viene impiegato per calcolare la probabilità di una causa che ha provocato l’evento verificato. In altre parole, per il nostro indicatore, il teorema di Bayes serve per calcolare la probabilità condizionata di un evento (di prezzo in questo caso) rispetto a un altro evento, calcolando le probabilità dei due eventi (prezzo passato) e la probabilità condizionata del secondo evento (prezzo futuro) rispetto al primo.
La linea rossa rappresenta il coefficiente angolare. La linea blu rappresenta il prezzo previsto normalizzato. Infine la linea gialla rappresenta la probabilità condizionata che il prezzo aumenti o diminuisca.
Come si usa? Oltre al comodo istogramma, che segue il coefficiente angolare, un'altra applicazione operativa pratica potrebbe essere di andare long quando la linea blu è sopra la linea rossa e gialla. Viceversa short quando la blu è sotto la rossa e la gialla.
Quando la linea gialla passa sopra tutte le altre è imminente un'inversione in direzione long e viceversa.
L'entità dell'inversione dipende da quanto la linea gialla sarà distante di prezzo dalle altre 2 linee.
Questo indicatore è al suo stato embrionale e seguiranno aggiornamenti per renderlo graficamente più leggibile, aggiungere alert, ecc.
Stay tuned! Lascia un boost e commenta o scrivimi se desideri.
TDMACD Divergence Multi Timeframe and Alert [5ema]I reused some functions, made by (i believe that):
@paaax: The table position function.
@everget: The RSI divergence function.
@QuantNomad: The function calculated value and array to show on table for input symbols.
@ChaosTrader: The function calculated value TDMACD.
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What to do?
MACD divergence signal.
The crossing of MACD and Signal line.
The reversal of MACD.
The reversal of Signal line.
The screener follow 6 different timeframes.
Set notification alert when signal appears.
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How is it created?
MACD line = fastMA - slowMA.
Signal line = ta.ema(macd(), signalLength)
Make function for pivot low & high point of MACD and price.
Request.security that function for earch time frame.
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How to use?
Can be combined with many other indicators or candlestick patterns.
Customize the input indicators to suit your strategy
1. MACD reversed:
2. Signal line reversed:
3. MACD Divergence :
4. MACD crossing Signal line:
5. Signal on Screener for multi time frame:
Green ⦿: Buy.
Red ⦿: Sell.
Green 〇: Review Buy.
Red 〇: Review Sell.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
RBX - OBV MACDOBV (On-Balance Volume) is a technical indicator that measures the momentum of buying and selling pressure in a market based on the volume of trades. It uses a cumulative total of volume traded during periods of price increases and decreases to determine the overall trend. When prices rise, OBV increases, and when prices fall, OBV decreases.
The enhanced version of OBV combines the traditional OBV formula with the MACD (Moving Average Convergence Divergence) indicator to provide more information about the momentum of the volume flow. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of price.
In the enhanced OBV with MACD, the top color in the OBV line indicates the quadrant of the MACD, with green indicating the first quadrant (positive value of MACD and increasing), red indicating the second quadrant (negative value of MACD and decreasing), magenta indicating the third quadrant (negative value of MACD and increasing), and cyan indicating the fourth quadrant (positive value of MACD and decreasing).
The top bar color in the enhanced OBV with MACD indicates the increasing or decreasing of the MACD histogram. A green bar indicates an increasing histogram, while a red bar indicates a decreasing histogram.
In addition, the plus bar sign in the enhanced OBV with MACD signifies that the OBV is making a new high or new low. This helps traders identify potential trend reversals or confirm the current trend.
Overall, the enhanced OBV with MACD provides traders with more information about the momentum of volume flow and potential trend reversals, making it a useful tool for technical analysis in trading.
