This experimental script is a variant of a model that allows a separate indicator window to be opened, revealing data for on balance volume, rsi, consumer commodity index and momentum indications. By use of the settings key, you can change the parameter of the source input as well as the desired lengths. After data compilation, the indicator will automatically...
In This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are...
This indicator was introduced by Larry Williams in 2007 and is very similar to the well known OBV indicator. As such, it should be examined for convergence and divergence with the price trend. The interpretation can be done using the Wyckoff principles. * Price rises, POIV stays behind => no subsequent demand * Price meets resistance, POIV reaches new highs =>...
VAWMA = VWMA and WMA combined. Simply put, this attempts to determine the average price per share over time, weighted heavier for recent values. Uses triangular algorithm to taper off values in the past (same as WMA does). Why use this? Let's say the earliest bar of the VWMA has a huge amount of volume. That means that when the next bar arrives, there will be...
This indicator compares buyers demand with sellers supply volumes and calculates which prevails. Therefore it only works if volume is published. Buyers demand is assumed for a period in which a higher high is reached with more volume. Sellers supply is recognized by a lower low combined with more volume. The average of sellers supplies is subtracted from buyers...
Hello All, Tick Chart is created using ticks and each candlestick in Tick Chart shows the price variation of X consecutive ticks ( X : Number of Ticks Per Candle ). for example if you set Number of Ticks Per Candle = 100 then each candlestick is created using 100 ticks. so, Tick Charts are NOT time-based charts (like Renko or Point & Figure Charts). Tick is the...
Gunzo Market SR is a set of 3 tools combined for trend analysis on day trading strategy. VWAP (Volume Weighted Average Price) : The VWAP indicator is generally used for trend analysis. For example if the VWAP line is under the closing price for a long period of time, the trend is strong. In this script, the VWAP has been optimized for day trading as the...
highlight spinning top candle with alerted volume > vol sma 20 and stoch above 50
It is based on the same IBB indicator, only in this case, at the moment of calculating the acceleration, we multiplied the acceleration by the average volume. Thus, the indicator shows the pivot points of the movement force of the price
Versión open source de scripts anteriores / Open source version of previous scripts Confío en que esta vez no esté violando ninguna de las reglas... A pesar de que el volumen simplemente son operaciones que se realizan en un determinado espacio de tiempo, este indicador intenta separar dentro de una vela el volumen de compra y de venta. Una vez separado el...
Very early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else. I previously used my Oracle Eye and Reference Points scripts but it is time for an...
This Custom Klinger Oscillator allows you to change the time frames for the Force Volume and Signal calculations to use instead of it's default values. Although the default Fibonacci values ( 34, 55 and 13 ) provide exceptional signals, you can now explore using lower Fibonacci numbers and get faster signals for your own adventures in the market. This indicator...
Middle stochastic is the HTF stochastic of price. The color coding indicates the trend in even higher timeframe. - The graph on top is the stochastic of ATR (with HTF and current one with RSI and macd histogram). - The green graph at the bottom is the stochastic of the OBV (with HTF and current one with RSI and macd histogram). - Purple histogram and area...
This is modification of built-in Money Flow Index with painting of oversold and overbought areas.
Max Saham's ADX line with D+ & D- ADX is used to quantify trend strength. When the D+ (+DMI) is dominant and rising, price direction is up. When the D- (-DMI) is dominant and rising, price direction is down. But the strength of price must also be considered. Uses Wilder's MA to get a more accurate ADX reading as compared to SMA. Also added the green...
A simple vwap based Intraday trend indicator. Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market. After buying or selling, institutions compare instrument price to closing VWAP values at end of the...
Get to know when to accumulate when biggies are buying and when to stay away from the stock
Uses OBV to plot a stochastic graph. Incorporates the macd of obv and plots a stochastic of this macd. Additionally stochastic rsi of OBV is plotted in histograms. The stochastic OBV is in the higher timeframe(current time frame * 4).