It's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume.
Also you can check divergences for trend reversal and momentum loss.
Dear Followers,
today a new great Scalper Tool , based on a custom version of Money Flow (MFI) oscillator, which works on both Candlesticks, Heiking Ashi and Renko charts , from 1 second Renko chart and above (on non Renko charts, the higher, the better of course!), both on FOREX, Cryptocurrencies, Stocks and Commodities!
This tool has some cool features:
...
Modded RSI and MACD for intraday use. If rsi above 60 and macd is above zero line then go for buy and if rsi is below 40 and macd below zero line then go for sell side. use it in small timeframe i.e. 3 minute or less.
better for scalp trading
Happy Trading
Love INDYAN
#It can be used best with INDYAN Go With Trend
Convergence/divergence indicator (CDI)
Class : arbitrage oscillator
Trading type : intraday trading
Time frame : 1 hour
Purpose : trading on divergence
Level of aggressiveness : standard
Arbitrage - several logically related transactions aimed at profit from the difference in prices for the same or related assets at the same time in different...
Oscillator Matrix™ is an all-in-one indicator that incorporates 6+ unique components designed for interoperability & confluence with one another to provide a powerful trend following & reversal detection experience.
Users can create various ways to utilize the indicator's features together such as looking for excess money flowing into the market alongside strong...
The idea behind this indicator is to have an expression for the amount of divergence on a given chart at every point in time . To achieve this, it adds up the magnitudes any valid divergence of any kind; bullish, bearish or their hidden variants. Where a valid divergence consists of a line on the source series (almost always the closing price), and a line on...
As a long-term buyer/short-seller, you will always find different ways to enter the market , moving average crossovers, breakouts , overbought/oversold conditions being some of the classy methods. However, they are decreasingly effective... 😢
Recently I have realized that analysis beyond the technical indicators will bring trading to the next level because I will...
This divergence script is unique in that it is not linked to any one indicator. When you first add the indicator to your chart you'll notice that no plots show up.
First, add an indicator, moving average, volume, or other tool to your chart.
Open the Divergence indicator settings and select the source you want to use to detect divergences. Your options for...
Its an MACD indicator which highlights places where macd and signal line cross and hidden divergence ocures.
Logic behind it is to check if we have hidden divergence when crossing of that two lines and if above EMA200 (signal for BUY - green) or if below EMA200 (signal for SELL - red).
You can change lenght of EMA but i think 200 is a simpliest trend indicator.
The Negative Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic Negative Volume indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the nvdi rises above its signal line and sell when it falls below the signal line.
The...
A very useful combination between RSI and linear regression that shows a clear trend.
It is not recommended to be used for entry/exit points as it is.
It's very powerful for trend analysis and divergences.
Linear regression is a tool for statistical analysis that attempts to show a relationship between two variables. Linear regression looks at various data...
This strategy is based on RSI divergence indicator.
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
Hello Fellow Traders!
Divergence Finder is a custom script built upon request from a PRO user to help find Divergences & Hidden Divergences using OBVM & Fractal Levels of Support and Resistance along with visuals and alerts. This script also only looks at the divergences that happen with the greater macro trend, meaning price is trending above the 200 EMA of the...
Hello Traders,
This script analyses divergences for 11 predefined indicators and then draws column on the graph. Red columns for negatif divergence (means prices may go down or trend reversal), Lime columns for positive divergences (means prices may go up or trend reversal)
The script uses Pivot Points and on each bar it checks divergence between last Pivot...
™TradeChartist Trendsetter is an elegantly designed functional indicator that helps spot price trends based on user input and volatility to generate high probability BUY and SELL signals.
1. What does ™TradeChartist Trendsetter do?
Plots high probability BUY/SELL signals based on user input and price volatility.
Plots recommended Stop Loss and SOS...
All I did was combine the logic from LazyBear for his OBV Oscillator to regular RSI divergence logic (where I replaced the RSI input to use LazyBear's OBV).
I didn't use any original code! Neither OBV (written by LazyBear) nor DIvergence (author unknown) was written by me. I merely modified the sytax a little to combine them.
Very useful for spotting...
Easily highlight positive or negative divergence between price movement and RSI with Takashi-powered Divergence analysis.
Divergence strategy signals a potential reversal point because directional momentum does not confirm price. A bullish divergence occurs when the underlying market makes a lower low and RSI forms a higher low: RSI does not confirm the lower low...
![BTCUSDT: [astropark] MFI divergences](https://s3.tradingview.com/x/xVYCT1G8_mid.png "[astropark] MFI divergences")
![EURUSD: [Zekis]RSI Linear Regression](https://s3.tradingview.com/s/SiweNkq0_mid.png "[Zekis]RSI Linear Regression")
![EURUSD: Takashi Divergence (RSI) | 2nd Gen | [Alerts]](https://s3.tradingview.com/h/H3uqCJfE_mid.png "Takashi Divergence (RSI) | 2nd Gen | [Alerts]")
