This indicator based on DMI + a modified version of it and a modified version of linear regression so best enter point is either when it cross mid-line of linear regression line or cross zero 1 hour chart can enter when it bellow low line and lower part of linear channel exit on opposite direction you can modify this script and make it better no need for my...
Relative Strength Colored This script plots Relative strength Compared to TSLA Index. You can change it to your requirement .
Introducing the Reverse Stochastic Momentum Index "On Chart" version According to Investopedia : “The Stochastic Momentum Index (SMI) is a more refined version of the stochastic oscillator, employing a wider range of values and having a higher sensitivity to closing prices.” The SMI is considered a refinement of the stochastic oscillator developed by William...
this indicator plots the acceleration of the price using the derivatives of RSI. you can use it just like a momentum oscillator to catch divergences, trend direction, breakout direction, etc
this indicator plots the derivatives of the RSI to get more leading sense of direction of the price we know that the rsi shows us the momentum of the price, so the easiest/logical way to interpret this indicator and benefit from it is as follows: - see the price as 'distance' - see the rsi as 'speed' - see the rsi/momentum of the above/'speed' as 'velocity' - see...
This indicator is a variation of the default DMI indicator, the main difference being that the signals are smoothed by SMAs. It also has additional bullish (green) and bearish (red) background coloring which would be noisy on a standard DMI indicator. If both lines converge it is bullish, otherwise bearish. Increase / decrease the threshold should you want more...
This indicator presents standart RSI and MACD indicators in a single indicator. The appearances of these indicators have been modified a little bit and squeezed into one window. To overcome the scale problem the MACD values has expanded with 1000 and divided by the current price to use both indicators in the same scale. Original values could be determined from...
Repulsion Engine is a proof of concept for a series of indicators using repulsion, as re-contextualized from the following: www.quantamagazine.org In my view, the technique is unique, and therefore a new category of indicator, but that distinction will, obviously, be left to the community and to the moderators. One thing that can be said is repulsion appears to...
Traders Dynamic Index + RSI Divergences + Buy/Sell Signals Credits to LazyBear (original code author) and JustUncleL (modifications).. I added some new features: 1- RSI Divergences (Original code from 'Divergence Indicator') 2- Buy/Sell Signals with alerts (Green label 'Buy' - Red label 'Sell') 3- Background colouring when RSI (Green line) crosses above MBL...
Relative Strength Index with 50 Horizontal line Chỉ số sức mạnh tương đối và đường 50
This is a combination of RSI, Elliot Wave Trend, and SqzMomentum that helps to predict the likelihood of short term buy and sell opportunities and local maxima. Changing color of the line in addition to when the line exceeds or crosses under the threshold lines can act as potential buy/sell signals.
This study is a user-friendly workaround to the BBOE+ (attached at the bottom). I applied Bollinger Bands on BB Oscillator which spend his time bouncing between +100 -100 levels both representing extremes market conditions. You can use it to spot reliable entries/exits opportunities. During an uptrend when the oscillator tends to -100 and the lower BB turn up...
Hi, this is pretty straight forward. This is the DXY equivalent of NDX, SPX, RUT, DJ. It's a full index of the US market. You can play with the weights, drag and drop, let's say SPX and see how SPX performs compared to the four major indexxes.
The Relative Strength Index ( RSI ) is a measurement used by traders to assess the price momentum. It is scaled from 0 to 100. when RSI reads below 30, it is usually interpreted as oversold and when RSI is above 70 it is usually interpreted as overbought. However, it is usually not profitable to trade based on overbought and oversold signal. RSI Trend Indicator...
Author/Creator: Carl Swenlin Data components required: Up Volume (UV), Down Volume ( DV ), Total Volume (V). Description: The Intermediate Term Volume Momentum Oscillator is a barometer of breadth. To calculate the ITVM add the daily McClellan Oscillator - Volume (ratio adjusted using the difference of up and down volume divided by the total volume ) to the...
This script is a continuation from Duyck's Unicode font function A different approach made on this function to able change font type on a single string Now you can call it as a function to change the font type on every string that you need, either it is for a Label or regular Text Shoutout to @Duyck for his amazing works on this function. Thank you to PineScript...
This correlates MFI to price, effectively giving a signal when there is divergence between the two.