An indicator that studies the price movement with the trading volume in the form of an equation that represents the trading volume in the price range. It is excellently used to determine buying from support areas, as well as confirming the breach of resistances, see the example in the attached chart, The best use of it is the DIVERGENCE between the indicator and...
This indicator combines the - MACD w/ Volume Conditions - STOCHASTIC - RSI All into one place, to help find confluences between popular convergence / divergence indicators. It's primary use is the histogram of the MACD. The colors change whether or not the current bar is higher or lower than the previous. Lighter shade signifies...
I spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but...
Hello traders! You know, machine learning is a very popular theme nowadays. The best tricks and methods were borrowed from Math and Computer Science to improve and create ML algorithms. As you know, one of our analysts is a great fan of ML, thus he decided to borrow on very powerful method from ML. We have taken 5 indicators, tuned them a bit and make them to...
Level: 1 Background M.H. Pee developed the Trend intensity index (TII) indicator to measure the strength of a trend in the market. Function In this pine script, it uses the current 55-bar moving average for the measurements. TII looks at the proportion of prices of prior 34 bars being above or below today’s 55-bar moving average. The purpose of the TII...
Just a short little script that gives the net area of an oscillator going back n bars. Feel free to play around with it. To use with Market Cipher VWAP, make sure to go into the input settings and change the input "close" to "Market Cipher B: VWAP" next add it to the same pane as your market cipher B, and lock the axis together. Intended for use with MC, but...
Greetings colleagues. Here I share a tool that uses the color gradient provided by PineCoders and lucf. This tool was made for the reason that whenever we start with an idea for a script, we end up consuming a lot of time in selecting suitable colors. An RSI was taken as a reference for the signal You have multiple switches for axes, fill, background and...
EXPERIMENTAL: shows the cumulative average volume at a hour of day, and the current volume (arrow point), current server hour will be marked in red label. known issues: tickets with sessions, the labels may show red at end of session, or show more than 1 red label at a time...
Indicator meant for crypto markets. Computes the relative strength of the current ticker against a target ticker and plots a candlestick chart. Also, plots an exponential moving average of the relative strength.
The primary RSIs that I use for analysis. Default is a Cyclic Smoothed RSI with adaptive bands. Smoothing according to the market vibration is applied to the RSI to cut out the noise and false signals. Instead of traditional overbought and oversold lines, bands are plotted by measuring the recent cyclic activity. This creates overbought and oversold regions...
NSE:NIFTY Simple correlation indicator which oscillates around zero Shows default correlation with NSE:IndiaVix You can use it to check correlation with any other trading symbol or indices by simply selecting it in the settings.
The public and regular stoch RSI does not come with a histogram which makes it hard to tell the magnitude of any cross. This version comes with one enabled by default and with includes buy and sell triggers on specified crosses. Buy & Sell Options: KB Cross Factor: this is the minimum stochastic change between candles that needs to be exceeded in order...
I added Bolinger bands to the RSI indicator. This shows you the area of reversal for the RSI. Generally, when the indicator falls out of the bands, you'll see a quick reversal. Indeed this is a better way to find the overbought and oversold areas.
Basically, when the background is: White = no defined direction Light blue = up. Dark blue = well defined up Light red = down Dark red = well defined down Blue/red centered circle = change of direction Red circle on top = possible short entry Blue circle at the bottom = possible long entry //Português Basicamente, quando o fundo é: Branco = sem direção...
A simple indicator to show the most liquid Sharia stocks in the Indonesian market based on Index JII , JII70 , and IDX-MES BUMN 17 ----------------------------------------------------------------------------------------------------------------------------------------------- Stocks included in the index are shown in light green (lime), while the rest will be...
The demaCrossover variable we make here gets a true value when a buy signal occurred on the current bar. It holds false when such signal didn't happen. We get that value by evaluating several conditions with a cascaded if statement (a series of if statements). It looks like a lot, but let's walk through it. The first if portion checks if the len2 and len3 input...
A remix of the built-in Divergence Indicator that uses a Klinger Volume Oscillator instead of RSI to help spot divergent patterns in volume activity in relation to price. Additions: Basic color coding: Positive volume (above center line) == buying - Negative volume (below center line) == selling Alerts for Bullish, Hidden Bullish, Bearish, and...