The Mannarino Market Risk Indicator is an easy way to measure market risk for stocks.
It considers the value of the dollar and the prevailing yield on the dollar to surmise
risk of exposure to the equity market.
A lower value represents a lower risk environment for stocks. A higher value represents
a higher risk environment for stocks.
Default water marks...
// Custom Vortex Strategy (backtester)
// Custom version of the Vortex indicators that adds many features:
// -Triggers trades after a threshold is reached instead of the normal vortex lines cross (once the difference between the 2 lines is important enough)
// -Smooths the Vortex lines with an EMA
// -Adds Take Profit and Stop Loss selection
// -Adds the...
The Parabolic Stop-and-Reservse (PSAR) is a trend indicator, intended to capture reversal signals and show entry and exit points. The PSAR is bullish when the PSAR is below the candle body (usually indicated by a dot) and bearish when the PSAR is above the candle body. The PSAR generally only moves in the direction of the trend, making it useful for markets with...
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of...
The VIX Fix measures how close the current market price is to the lowest price of the last X candles. When prices are in uptrends, the close is usually near the high. But prices close near the low in downtrends.
It works because it’s based on how traders behave. The calculation fixes some of the problems with the VIX.
This indicator is based on ...
The Percent Rank is naturally quite choppy. I therefor placed an EMA(3) over it and make the origin Percent Rank only slightly visible. I also add some boundaries.
Note that the EMA of the Percent Rank looks quite similiar to the Connors RSI.
Use it as the RSI.
It shows a percentage difference between close and 4-SMA, 20, 50, 100 and 200. As it turns greener, the stock is more expensive, and vice versa, it turns redder when it becomes cheaper relative to the SMA. It will print the green backgraound as long as the bar closes above the 200 SMA and red as long as the bar closes below the 200 SMA. It uses by default 1.3...
The Flow of Range is calculated by averaging the range for the given bars for the short term oscillations, then averaging the average to determine long term runs.
Above 0 indicates bullish momentum, below 0 indicates bearish momentum.
Notice the behavior of the market when the range is increasing and decreasing - both on the long and short term...
- What Is Dynamic Momentum Index?
- The dynamic momentum index is a technical indicator used to determine if an asset is overbought or oversold. It can be used to generate trade signals in trending and ranging markets.
- The dynamic momentum index was developed by Tushar Chande and Stanley Kroll and is similar to the relative strength index (RSI). The main...
VIGÍA is the latest and current version of this weighted indicator that collects, combines and harmonizes the values of four other classic indicators: RSI, MFI, Bollinger Bands and Stochastic.
It is a 2nd Generation indicator, as it does not base its algorithm on pure price data, but on its evolution (volatility, volume differences, power variations, cycle...
There are a million Forex Trading Session indicators out there, but I couldn't find one with all of the following requirements:
1. Automatically show the Sessions that actually affect the current pair (for instance, Tokyo session doesn't matter when trading EURGBP)
2. Editable colors or at the very least no distracting colors
3. Editable times for each exchange...
This is the migration of the CandleVolatilitIndex from MT4.
The indicator works as following:
Step 1: The "Volatility Value" is calculated by applying a moving average to the change of the selected source (default: 10-Period-SMA applied to the change from last close to this close -> SMA(close-close , 10) )
Step 2: The signal line is calculated by applying a...
This script will add text to bars showing the price change of the bar as a percentage, both for open/close and high/low.
It can be used together with Rate of Change to better get an idea of how the price moved at a previous point in time.
Script uses labels for text, as there is a maximum limit of 500 labels if you want to study price movement for a specific...
USAGE
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This script helps train your intuition for changes in the VX term structure. I recommend using it on the VIX chart, so you can compare changes in the terms to changes in VIX. It's also nice for calendar spread traders who want to get a feel for the same changes.
1. Select a day, month, and year using the inputs
2. Observe the data table.
3. Open...
A very simple and highly effective strategy that combines 3 famous indicators:
MACD
Bollinger Bands
RSI
Entry conditions are:
The MACD line crosses over the signal line.
RSI less than 50
Price below the BB baseline
Exit conditions are:
RSI greater than 70
Closing price higher than the upper BB
Or when the price hits the Stop Loss...
This script calculates and displays some bar statistics.
For the bar length statistics, it takes every length of upper or lower movements and calculates their average (with SD), median, and max. That way, you can see whether there is a bias in the market or not.
Eg.: If for 10 bars, the market moved 2 up, then 1 down, then 3 up, then 2 down, and 2 up, the...
The efficiency ratio (ER) is described by Perry Kaufman in his book, Trading Systems and Methods.
It works by measuring the momentum of the market, that is, the absolute change from the current price to a past price, and divides it by the volatility, which is the sum of the absolute changes of each bar. That makes this a bounded indicator, going from 0 to 100,...
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