If you reverse engineer the "50-level" of the 14 period rsi, you end up with almost exactly the 27 period ema So to calculate the rsi, you can 'reverse engineer' the 'reverse engineered rsi'. This can be done by taking the distance between the current price and the "50-level ema" you can then normalise this by dividing with the atr or the st dev to end up with a...
This simple indicator gives you a bias on the market that can be used as a filter, an entry indicator for pullbacks,... Enjoy! JD. #NotTradingAdvice #DYOR
This is an indicator I've been playing with for a while, based on my previous MACD w/ RSI Warning indicator. This one takes it a step further, including information from MACD, RSI, ADX, and Parabolic SAR. These four indicators are represented in this indicator as follows: MACD: The histogram itself is a normal MACD histogram. Nothing strange about it, and you...
General Usage The M-Oscillator analyses the price change rather than the price level. It draws the difference between prices at two time intervals. It is a leading indicator of price direction. It can identify when the current trend is no longer maintaining its same level of strength or is losing momentum. The importance of the momentum is when its value reaches...
Three Stochastic Lengths combined into one unit based on the Stochastacult Strategy. Thanks to Krown and The Caretaker for the inspiration for this indicator. Pink = Fast Plot Red/Orange = Medium Plot Blue/Green = Slow Plot Purple Zone = Bearish Control Zone Blue Zone = Bullish Control Zone The indicator is used in the following fashion for optimal...
EN: Impulsive noise spikes or extreme price or volume data are not unusual in the financial markets and these extreme values can throw off your averaging calculations. Ehlers thinks, How can you set up a data filter to remove these extreme price movements? This Stocks & Commodities Contributing Editor shows you a way to handle this by using a filter that discards...
Range Oscillator is a centered oscillator that can be classified as both trend and momentum indicator and also as either bound limited or non-limited one. The main part is a measure of difference between specified source (Price, if source is set to close) and average of highest and lowest price in a given period(Range), plotted as histogrsam. Thus when level of...
The indicator shows the day's high and low along with the Keltner Channels. Keltner Channel Period - 20 Keltner Channel Multiple - 2.25
This script creates a Decimal and Binary representation of the price using ROC. The idea is to simplify the price action into a distance from Zero to upside and downside. You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super...
This script calculates the momentum on a 2 ema oscillator. Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account. Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing. Seeing such a trap is trivial as you...
The Haos Visual is a trend indicator consisting of two WIlliams % indicators. I have added divergences to spot trend reversals within assets, divergences have no repaint and require single candle confirmation. www.prorealcode.com
An ocillator that visualizes the difference between the candlestick and the price. Starting from the 0 line, up suggestions are displayed in green and down suggestions are displayed in red, so you can time your entry. 平均線と価格の乖離を可視化したオシレーターです。0ラインを基点に上昇示唆は緑になり、下降示唆は赤で表示され、エントリータイミングを計ることができます。
Divergences are well-known tool for finding trend reversals. Powerful, yet... unreliable. Sometimes they show up, sometimes they don't. Sometimes they really mean trend end, sometimes the trend continues. I've witnessed countless discussions about which indicator to hunt for divergences on. All pointless. Earlier today I found a very inspirational script by...
This is my version of the updated classic indicator created by John Carter. I plan on adding a Squeeze Overlay script in the future that will pair with this one as well for additional signals. So to break down the Squeeze, what it is, how it works, etc - you have to look at the components that make it up. 1. Bollinger Bands 2. Keltner Channels 3. Momentum The...
Stochastic MACD (SMACD) is an oscillating momentum indicator, that combine the Stochastic oscillator and MACD (Moving Average Convergence/Divergence). SMACD is based on the difference of two exponential moving averages (EMA) and their relative positions compared to the highest and lowest prices of a certain period (standard 45). A possible high/low is around 15,...
Hello All. For a while this idea (showing RSI levels on the chart as a channel) was in my mind and finally today I developed the script. I hope it will be usefull for all. Enjoy!
this is a indicator for ict New York kill zone for India standard time
Market Waves Alpha Indicator is a part of the Market Waves All-In-One indicators. It provides indicators on top of the candles which give accurate information on where the market it heading. It is important to familiarize yourself with the different keys available in Market Waves Alpha Indicator . These indicators appear above each candle, but it is important...