English: This indicator has been developed as an early warning tool to estimate the probability of correction in the US stock market. It works best in the daily chart. Function: 1.) "Index-line" The underlying stock index is converted to a scale between 0% and 100% based on its 52-week highs and lows. Where 100% is closing price at 52-week high and 0% is closing...
This script uses the MESA EMA and SMA as well as the ROC/MESA cross to help find the take profit areas when trading divergences using market cipher or wavetrend. It is inspired by jordanfungs MESA indicator, however this one is different because it is not lagging in the signals. Hope you enjoy it, and make sure to backtest any strategy before you use it.
Mean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading. Signal criteria: 1. RSI is at Overbought/Oversold 2. RSI Divergence present (not hidden) 3. RSI has not reached Neutral level (i.e. 50) 4. Price has crossed above/below a Standard Deviation...
This is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator. Much credit goes to him....
First time I've published a script so go easy! All credit goes to @yatrader2 for the script, I have just made it easier to set alerts on it. Enjoy!
Level: 1 Background This CCI indicator is blackcat customized version with enhanced features. Function This CCI use green line to indicate strong long trend with cci values > 0 and red line to indicate weak long trend with cci values <0. It also use yellow and fuchsia candles to present the strong and weak long trend. A green candle is used to indicate long...
Many know of the VIX for equity trading. Yet, many are unaware that there is the same kind of volatility measure for trading bonds, called the MOVE Index. "The Merrill Lynch Option Volatility Estimate (MOVE) Index is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options which are weighted on the 2, 5, 10, and 30 year...
+ %B is, at its simplest, the classic Bollinger Bands %B indicator with a few added bells and whistles. However, the right combination of bells and whistles will often improve and make a more adaptable indicator. Classically, Bollinger Bands %B is an indicator that measures volatility, and the momentum and strength of a trend, and/or price movements. It shows...
This indicator consists of two lines. One is a gray line (USD) and the asset indicator is green or red. The basis of this indicator is the true strength indicator (TSI) with parameters 5,15. Both line sets are based on a TSI (5,15). The lookback period is for new highs / new lows. Default value is 200 periods. GREEN/RED LINE The first that is green and red is...
Uses the difference between two PMA (Moving Average Periodical) indicators to create an oscillator. Useful for visualizing daily/weekly cycles, strength and potential momentum. The defaults are 2 days (fast) and 5 days (slow).
This is the Strategy version of the Study I published. It is a Moving Average that can be applied to any plot to plot divergences on any oscillator, as well as perform backtesting. You'll need a REALLY good oscillator to perform live trades using this alone, but I think it is a valuable tool and had the Strategy hanging around and for some reason didn't upload it...
This is a simple mod of the Uber Oscillator with more periods added to the mix and combined with a the Tradingview Divergence spotter. Compare it to the standard Ultimate Oscillator and see the difference. Good to even overlay them even. It basically just adds more detail. You won't always need it but sometimes it can catch big drops/peaks earlier then the...
This is a mod of Tistas mod of the default RSI divergences. www.tradingview.com This is a SMA that can be applied to any indicator for divergence seeking. This can be useful if you use a custom indicator script and want divergences added, or for any oscillator really. Set the length to 1 and it will mirror the oscillator in question.
This indicator uses the cyclic smoothed Relative Strength Index (cRSI) instead of the traditional Relative Strength Index (RSI). See below for more info on the benefits to the cRSI. My key contributions 1) A Weighted Moving Average (WMA) to track the general trend of the cRSI signal. This is very helpful in determining when the equity switches from bullish...
Divergence Template! This public indicator helps you to find as many divergences with as many indicators you like, without the long hassle of knowing and coding the divergence yourself. Just replace the "Divergence Condition" with your formula and give it a title in the second step, everything simply illustrated to someone without any coding experience!...
█ OVERVIEW Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
Composite Index by Constance Brown mixed with built-ins Divergence Indicator useful indicator to find divergence this script find divergence automatically for you