Relative strength is one of the most useful indicators in the market, highlighting when stocks and sectors are outperforming or underperforming a broader index. Traditional RS compares the percentage change of one symbol over a given time frame and subtracts the percentage change of the S&P 500 over the same period. This is handy, but it can produce false...

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I'm actually one of those who think it's more important to extract clues from indicators than strategy, but I wanted to test the data about the probability and dow factor I've shared for a long time. Usually, Bitcoin is used as an eye stain for strategy success, since the graph has increased significantly from the beginning. To prevent this, I used a commission...

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This script is inspired by the following : Fractal Dow RSI Support and Resistance ; Moving Average Clouds ; Let's start. This command is based on a fun description of where we are. Technical analysis methods are likened to a storm. Clouds as moving average,risk factor as lightning, fractals were taken as green and red rain. In this system: 4...

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This script was written to create a new, rapid relative strength index inspired by the Dow Theory. More info about Dow Theory : www.investopedia.com According to the Dow Theory, volume should confirm market trends. The correlation coefficient between prices and volume is negative in weakening trends and negative trends , positive in strengthening or positive...

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CAUTION : Not suitable for strategy, open to development. If can we separate the stagnant market from other markets, can we be so much more accurate? This project was written to research it. It is just the tiny part of the begining. And this is a very necessary but very small side function in the main function. Lets start : Hi users, I had this idea in my mind...

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Amigos da comunidade TradingView que me pediram o Setup Tabajara, segue ele aqui para uso livre e educacional! Na verdade é um Setup de Finanças Comportamentais, ou o que chamo de Setup Ansiolítico!!! O meu Trading System é 100% discricionário e 100% baseado em AT clássica, Teoria de Dow pura, ou o que chamam de Price Action. Simplesmente uso as MMA20 e MMA200...

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Indicator that indicates buying and selling times based on price and volume and who is imposed of the two (VAP). It uses the trends of the Dow theory (primary: 365 days/1 year, secondary: 90 days/3 months and tertiary: 21 days/3 weeks) and the identification of Elliot waves, both impulse and correction, based on the Fibonacci retracements (23.61% , 38.2%,...

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This script is only the fact that the fractals are set according to my Dow Factor RSI . Bar color and background change where risk factor is high. You can turn it off or on from the menu. I'm not licensing because "fractal support and resistances" are not my own codes. The rest are my own products. For more information about the Dow Factor RSI: For more...

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The indicator was generated by adding the Dow Factor to the Stochastic Relative Strength Index.( Stoch RSI ) The Dow factor is the effect of the correlation coefficient, which determines the relationship between volume and price, on the existing indicators. With these codes we are able to integrate them numerically into the indicators. For more information on...

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Japanese below / 日本語説明は下記 Overview What is difficult for beginner traders is to identify trend occurrence, continuation and reversal. This indicator visualizes market direction by changing background colors based on Dow Theory so that traders can visually grasp trends. Sample chart Functions 1.MTF Higher High/Lower High/Higher Low/Lower...

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Dow theory Indicator for Free ver.1.0 Shows current trends based on Dow theory. Draws a horizontal line automatically from the latest 2 highs and 2 lows.

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Hello, dear traders from all over the world! This is Tommy from Tommy Trading Team. Many inquires were delivered to us from traders recently wishing to use one of our cutting-edge technologies that was developed days ago and was only used by us. We have edited and supplemented this indicator both logically and visually. Accordingly, our team is officially...

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This script was written to calculate the correlation coefficient (Adjusted R-Squared) for one dependent and two independent variables.(3-way) Pearson correlation method was used with exponential moving averages as the correlation calculation method. Use your source ( i use "close" generally ) as the dependent variable. Inspired by this article :...

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Swing High/Low & HigherLow/LowerHigh from Dow Theory

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