This is my first indicator. It PROVIDES BUY, SHORT, and FALSE Signals by taking the MACD and the 200EMA.
This approach is from Dr. John Ehlers: The trend vigor indicator is not the same as the Relative Vigor Index (RVI). Trend Vigor measures the strength of the trend relative to the cycle. The larger the value of the Trend Vigor, the more powerful the trend is relative to the cycle. The trend vigor is the slope of the close (or any other price input) over one full...
Adaptive momentum indicator that uses the NEW Dynamic Length Arguments! Shows how to use volatility to shorten or lengthen the momentum period. Based on pinescript blog example but with my own modifications. Bright Green: Sharp movement above zero line Bright Red: Sharp movement below zero line Light Green: Slower movement above zero line Light Red: Slower...
Level: 2 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
I have been sitting on this for over a year, but I now present this "Voss Predictive Filter" multicator employing PSv4.0 upon initial release, originally formulated by the great and empowering Dr. John Ehlers for TASC - August 2019 Traders Tips. This is a slightly modified version of the original indicator John Ehlers designed. My improved implementation is an...
Level: 1 Background The Relative Strength Index (RSI) is a technical indicator for analyzing financial markets. It is intended to represent the current and historical strength or weakness of a trading pair or a market based on the closing prices of a last trading period. Function L1 Composite RSI Trend Oscillator utilizes candles to indicate trend. E.g....
Level: 2 Background The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the...
This oscillator uses a bitcoin weighted moving average as a reference point, its set up to be run on a day chart with weekly, monthly, three monthly and yearly inputs. It is also has a volatility multiplier for the period chosen
Sweet little momentum gadget to track the VIX Index. What is the VIX? The CBOE S&P 500 Volatility Index (VIX) is known as the 'Fear Index' which can measure how worried traders are that the S&P 500 might suddenly drop within the next 30 days. When the VIX starts moving higher, it is telling you that traders are getting nervous. When the VIX starts moving lower,...
Level: 1 Background A histogram is a special chart that is applied to statistical data that is divided into numerically ordered groups. For example groups with close relationships in the vicinity like "Close-ref(Close ,1)", "Close-ref(Close,2)" and so on. A histogram provides a snapshot of all the data so that you can quickly get an overview of the historical...
This is a variation of MACD popularised by Linda Bradford Raschke. Instead of the regular MACD settings, the this indicator uses simple moving averages, not exponential moving averages, and a setting of 3 for the fast MA, 10 for the slow MA and 16 for the signal line. The signal line (red) acts as a trend indicator, with crossings of the zero line indicating...
This is a modified Stochastic indicator. Modifications include: 1. The output is now centered on "0" and the scale is from -50 to +50, so that histograms and columns can be used to plot the output. 2. Added visual trade setup triggers. A trigger to the up side is a cycle high and indicates a "sell signal". A trigger to the down side is a cycle low and indicates...
An indicator that is a parametric lag power filter. I'm starting Time Series Analysis by Hamilton James Douglas, to try to find some fun ideas to test and upgrade my skills on that subject and share them when it produce something that can be useful. The idea behind that indicator, it's to only get the shape of the biggest movement in percent. To solve that...
The MACD indicator has been revised to be similar to the one on MetaTrader
I'm pleased to introduce this script in honor of the new array functions introduced to PineScript version 4.0. This update is a long time coming and opens the door to amazing scripting possibilities! Definition Named after Charles Spearman and denoted by the Greek letter ‘ ρ ’ (rho), the Spearman rank correlation coefficient is the nonparametric version of...
Hello Traders, This is Cumulative Delta Volume script. Delta refers to the difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume. The Cumulative Delta indicator plots as candlesticks or line. One of the main uses of Cumulative...
The Center of Gravity Oscillator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 49) and this provides a pretty accurate way to see how the stock is trending. If the indicator stays above 0 then the stock is in a pretty strong uptrend and if it stays below 0 then the stock is in a pretty strong downtrend. Buy when the indicator changes...
This script looks at the current momentum direction (up or down) for the 5 minute, 30 minute, 1 hour, 4 hour and daily and allows you to set scores of importance to these. These scores are then added up to create an oscillator matching your preferences. Tune the indicator to match what you believe is the most important time frames that people use and score it...