It is based on the Choppiness Index indicator. It can show you when the market is in range. If the lines are below the lower band, it can be a strong trend, if it is inside the 2 bands, it is considered to be a choppy market, and if it is crossed down the upper band, it can be a developing trend. This indicator does not show you the trend direction! This may be...
The Projection Oscillator was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another hidden gem that is of course a great complementary indicator to my previous Projection Bands . I would recommend to use both on the same chart so you get the full array of information. This indicator tells you where the current price falls between the bands...
This is a large composite screener indicator that includes 14 different indicators, the values of which are arranged in a color format and show the current market situation, as well as all these values are summarized in a chart, each value is weighted by strength, which allows you to get a comprehensive picture of the market at the moment, 2 signal lines are...
OVERVIEW The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature. ...
This is a script so that you can visualize crossover/under indicators on the chart as zones/boxes or as lines. By default the source is "Close". When the source is Close and the default RSI is checked, then the indicator will visualize crossover and under from a 14 period RSI as shown in the published chart. How this indicator works: Add the indicator you want...
The indicator helps to track the percentage loss/gain of the quantity of the asset as a result of LP rebalancing due to price changes. Calculations are based on the common AMM equation x * y = k. This is the initial version of the indicator. It is certainly a subject to further improvement. If you have any suggestions send them here at...
The Mobility Oscillator was created by Mel Widner (Stocks and Commodities Feb 1996) and this is another of my ongoing series of undiscovered gems. I would say this is probably the most complicated script I have written for an indicator. It is extremely complicated to calculate comparing to other indicators but this is essentially an overbought and oversold...
Experimental: Compares the similarity of two instruments price patterns.
Level: 3 Background Many people need to judge the market trend against the main candlestick chart when using MACD. Function First of all, the principle of MACD is the difference between EMA's long-term and short-term values. So, I wonder if it is possible to use EMA to construct a set of candle charts that are similar in proportion to MACD values for...
This indicator is an improved version of MACD+RSI (refer to my script list). Basically, this indicator is a combination of several indicators: 1. Fast MACD (preset at 8, 16, 11 - it is my own preference settings and the red and blue line in this indicator are referring to the Fast MACD settings) 2. Slow MACD (preset at 12, 26, 9 - standard settings and the Slow...
The Projection Bandwidth was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another of my series of indicators that I consider undiscovered gems. For those of you who are unaware, the Bandwidth indicator measures the distance between the high and low bands and if you remember from my Projection Bands script, the Projection Bands give pretty...
Important: use only the BTC/USD pair on the 1D timeframe The indicator is designed to determine the zones for entry to buy or sell, as well as for closing deals. The indicator is based on a moving average with a period of 12. The parameters are not changeable, since the optimal settings (Safety trade) were used for the BTC/USD pair on the 1D timeframe. The code is...
Goethe B is an Indicator Package that contains multiple leading and lagging indicators. The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used. What is the main oscillator? - The main oscillator is TSV, or time segmented volume. It is one of the more interesting...
P-Signal Gravity will help you choose a trading strategy, taking into account volatility and exchange commissions. The white circles indicate the probabilistic position of the virtual center of gravity. The reliability parameter determines the probability of finding such a center of gravity. The table shows the latest price and the expected P/L, taking into...
Advantage RSI Predictor reverses the calculation of Relative Strength Index. Once the bar ends, this indicator calculates the price that needs to be reached (next bar) for RSI to move to a certain level. The indicator is plotted over price to show support and resistance zones based on RSI settings defined by user. What do I see? upper and lower (red) lines...
The Coppock Curve is a long-term price momentum indicator used primarily to recognize major downturns and upturns in a stock market index. It is calculated as a 10-month weighted moving average of the sum of the 14-month rate of change and the 11-month rate of change for the index. It is also known as the "Coppock Guide." The Coppock formula was introduced in...
This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator. This indicator is using ADX and Squeeze Momentum Indicator. When you see the ADX above 0 line and the slop is positive that means the trend is strong When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray When we see the SQ...