customized version to add my favourite settings for crypto
Best time frame is daily followed by 4H
ADX Near 20 or less means trend is choppy and weak
ADX Cross over 30 means trend is starting to gain momentum
ADX Near 75 means momentum is near maximum, trend needs to rest for a while ( The area between 70~90 )
This script calculates both RSI (Relative Strength Index) and Stock (Stochastic) RSI Indicators, and plots them with a distinctive background on the same graph. The colors were chosen to be very easy on the eyes.
I published it as a way to give back to this community. Use your own judgement when trading, I am not responsible for any losses resulting from the use...
This is a no-volume version of Vervoort's SVAPO. The original version is @
Since it doesn't include volume in its calculations, you can use this on FX.
More info on SVAPO:
BTW, this is my 150th script. Plenty more to come, my to-publish queue is still full of new stuff :)
For a complete list of my other indicators, do...
Krivo index, suggested by Richard Krivo, tries to quantify the "strength" of a currency by checking how many of its pairs are trading strongly (close above 200sma). As you can see from the chart, KI gives an excellent overview of their strength. Note how it correctly points out the JPY crash (Nov 2012).
I decided to implement KI for each currency separately to...
*** Full description in the comment below ******
This chart has 3 indicators:
- Chande's R2
- Inverse Fisher Transform on CCI
Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.