This indicator is a mimic of the same used by bitcoinwisdom.
There seems to be several different formulas to calculate KDJ, however, i have yet to find this one on tradingview.
The background color is green when J>D and red when J<D. The idea being that when we go green we should buy and when red sell.
Let me know if you have any questions.
---- May 05 2015 -----
Added support for filtered ranges:
RID V3 : pastebin.com
RIDv3 has full backward compatibility (!?), meaning all my descriptions below still apply for V3.
-- In addition, I have added a NON-OVERLAY mode, which can be put in its own pane, that shows the number of bars in the current range.
-- in Overlay mode, you can...
Tema highlights bars based on the triple ema ( tema ) with two different length qualifiers.
The tema is believed to react quicker to price fluctuations than the simple moving average ( sma ), the exponential moving average ( ema ), and the double ema ( dema ). The shorter length tema crossing over the longer one is believed to indicate a bullish trend ahead,...
Just the standard Demarker indicator (as coded by @PasqualeAntonino) but I've added some colours to highlight overbought/oversold conditions. If you're not familiar it helps to think of it as Tom Demark's version of RSI.
I find this better than RSI for evaluating if a TD Sequential 9 or 13 is signalling a full reversal or just a pullback.
Non-Directional (Volatility Based) Binary Options Highlighter
default set for 5-minute EUR/USD
change inputs for other time frames, or to use JPY pairs
dark blue = lowest volatility
pale blue = low volatility, increasing, use caution
dark red = highest volatility
pale red = high volatility, decreasing, use caution