This code is an implementation of the Relative Strength Index (RSI) indicator, which is a popular momentum indicator used in technical analysis. The RSI measures the strength of an asset's price action and provides information on whether the asset is overbought or oversold. The code also calculates a moving average of the RSI and allows the user to choose the type...
This indicator will show how fast the rsi of a symbol is changing. you can see this as a differentiation function on rsi . this will show the change in rsi in percentage. Ex: suppose the rsi of a symbol at present is 60 and the previous value of rsi was 52, as you can see the rsi has increased, which is a sign of the symbol being bullish . this indicator will...
While playing around with the standard "ta.vwap" I wondered why there was no length input, so I did some research on what the underlying calculation actually is, and did my best to augment it so as to allow for a variable length based on an oscillator value. Normal VWAP = (Number of Shares Bought x Typical Price) / Total Volume In my VWOP Calculation, typical...
Simple table to show the values for indicators which can be used to initiate trades: RSI: Long above 55 // Short below 45 // Choppy between 45-55 DI+: Long above 25 DI-: Short above 25 Note when to avoid trend trades: - If DI+ and DI- are both below 25 then market is choppy - If RSI is between 45-55 then market is choppy
TREND IDENTIFICATION: Keltner Channels, Moving Average. - Keltner Channels: ... Keltner Channels long when closes candle crossover Upper 2. ... Keltner Channels short when closes candle crossunder Lower 2. - Moving average : 50 ... MA long when closes candle above MA 50. ... MA short when closes candle below MA 50. OPEN TRADE RULE: - Open a buy when K...
#Istoch #Version_2.0.3 #Stochastic Hello traders from all over the world! Following my last publish on I MACD indicator, today I brought up another powerful customizing tool. This time, it might be good news for those traders with blind faiths on Stochastic and any other related indicators like Stochastic RSI. Stochastic is renowned for its usefulness of...
"It is a true fact that any given time history of any event (including the price history of a stock) can always be considered as reproducible to any desired degree of accuracy by the process of algebraically summing a particular series of sine waves. This is intuitively evident if you start with a number of sine waves of differing frequencies, amplitudes, and...
Thie indicator is a modified and upgraded version of the popular ADX tool. ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go. With this script, I have added in the formula the usage of volume, leading to the following functionality. The length is used to determine the period to calculate...
Hello everyone, HS,HH,LL, and EMA stands for Hull Suite, Higher High, Lower Low and Exponential Moving Average. Signal Features: • Long Position: If the Higher High and Lower Low signals are LL and LH at the SUPPORT LEVEL, plot the Fibonacci Retracement and get retracement from 0.382,0.5 and 0.618 for EP. and your SL should be at 1.1 level of the Fibonacci,...
This indicator is built on Stochastics and uses multiple timeframes to give you a heatmap style view of where overbought and oversold levels are across 25 different timeframes. Here's a few things you'll want to watch out for when using this indicator: OVERBOUGHT When a wave goes into overbought or is approaching overbought, you'll notice the heatmap...
A "macro score", as defined here, is created by giving various weights to different signals and adding them together to get one smooth score. Positive or negative values are assigned to each of the signals depending on if the statement is true or false (e.g. DPO > 0: +1, DPO < 0: -1). This manner of strategy allows for a subset of the available signals to be...
Black MACD is combination of MACD / Awesome Oscillator / Wavetrend Oscillator / BB Squeeze (Multi Oscillator) with many features like Multi Symbol support, Dual Divergence, MACD Cross over/under and completely customizable. MACD Oscillator Awesome Oscillator Wavetrend Oscillator Bollinger Bands Squeeze Multi Symbol Dual Divergence MACD Cross over/under ...
This is the updated version of the MAC cross Short/ Long indicator i had posted earlier in 2022. This script includes a RSI and EMA of the RSI with fixed OB and OS Levels. The purpose is to refine the amount of trades taken from the moving average cross on the 30 minute timeframe. In the overlay, the red and green dots indicate weather the moving cross is a...
Giga Kaleidoscope VKW Bands is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex)...
This script is intended to give you signals when to buy or sell a FOREX pair based on a combination of exponential moving averages combined with the Stochastic indicator. How Buy Signal is Triggered: Close Price is above 200 EMA (1 Day timeframe) Close Price is below the 20 EMA (4 Hour timeframe) Low Price is above the 50 EMA (1 Day timeframe) ...
What is this script? This script has two main functions focusing on EMAs (Exponential Moving Average) and Stochastic RSI. EMAs EMAs are typically used to give a view of bullish / bearish momentum. When the shorter EMA (calculated off more recent price action) crosses, or is above, the slower moving EMA (calculated off a longer period of price action), it...
This new technical indicator uses the stochastic oscillator as its base and calculates the deviation of its moving average, generating an alternative view of market volatility.
Giga Kaleidoscope ATR-Adaptive, Smoothed Laguerre RSI is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the...