RSI-ROC Momentum AlertThis is the RSI-ROC Momentum Alert trading indicator, designed to help traders identify potential buy and sell signals based on the momentum of price movements.
The indicator is based on two technical indicators: the Rate of Change (ROC) and the Relative Strength Index (RSI). The ROC measures the speed of price changes over a given period, while the RSI measures the strength of price movements. By combining these two indicators, this trading indicator aims to provide a comprehensive view of the market momentum.
An RSI below its oversold level, which shows as a green background, in addition to a ROC crossing above its moving average (turns green) signals a buying opportunity.
An RSI above its overbought level, which shows as a red background, in addition to a ROC crossing below its moving average (turns red) signals a selling opportunity.
Traders can use this indicator to identify potential momentum shifts and adjust their trading strategies accordingly.
The ROC component of the indicator uses a user-defined length parameter to calculate the ROC and a simple moving average (SMA) of the ROC. The color of the ROC line changes to green when it is above the ROC SMA and to red when it is below the ROC SMA. The ROC SMA color changes whether it's above or below a value of 0.
The RSI component of the indicator uses a user-defined length parameter to calculate the RSI, and user-defined RSI Low and RSI High values to identify potential buy and sell signals. When the RSI falls below the RSI Low value, a green background color is applied to the chart to indicate a potential buy signal. Conversely, when the RSI rises above the RSI High value, a red background color is applied to the chart to indicate a potential sell signal.
This indicator is intended to be used on any time frame and any asset, and can be customized at will.
Indicador de Momentum (MOM)
Momentum Ratio Oscillator [Loxx]What is Momentum Ratio Oscillator?
The theory behind this indicator involves utilizing a sequence of exponential moving average (EMA) calculations to achieve a smoother value of momentum ratio, which compares the current value to the previous one. Although this results in an outcome similar to that of some pre-existing indicators (such as volume zone or price zone oscillators), the use of EMA for smoothing is what sets it apart. EMA produces a smooth step-like output when values undergo sudden changes, whereas the mathematics used for those other indicators are completely distinct. This is a concept by the beloved Mladen of FX forums.
To utilize this version of the indicator, you have the option of using either levels, middle, or signal crosses for signals. The indicator is range bound from 0 to 1.
What is an EMA?
EMA stands for Exponential Moving Average, which is a type of moving average that is commonly used in technical analysis to smooth out price data and identify trends.
In a simple moving average (SMA), each data point is given equal weight when calculating the average. For example, if you are calculating the 10-day SMA, you would add up the prices for the past 10 days and divide by 10 to get the average. In contrast, in an EMA, more weight is given to recent prices, while older prices are given less weight.
The formula for calculating an EMA involves using a smoothing factor that is multiplied by the difference between the current price and the previous EMA value, and then adding this to the previous EMA value. The smoothing factor is typically calculated based on the length of the EMA being used. For example, a 10-day EMA might use a smoothing factor of 2/(10+1) or 0.1818.
The result of using an EMA is that the line produced is more responsive to recent price changes than a simple moving average. This makes it useful for identifying short-term trends and potential trend reversals. However, it can also be more volatile and prone to whipsaws, so it is often used in combination with other indicators to confirm signals.
Overall, the EMA is a widely used and versatile tool in technical analysis, and its effectiveness depends on the specific context in which it is applied.
What is Momentum?
In technical analysis, momentum refers to the rate of change of an asset's price over a certain period of time. It is often used to identify trends and potential trend reversals in financial markets.
Momentum is calculated by subtracting the closing price of an asset X days ago from its current closing price, where X is the number of days being used for the calculation. The result is the momentum value for that particular day. A positive momentum value suggests that prices are increasing, while a negative value indicates that prices are decreasing.
Traders use momentum in a variety of ways. One common approach is to look for divergences between the momentum indicator and the price of the asset being traded. For example, if an asset's price is trending upwards but its momentum is trending downwards, this could be a sign of a potential trend reversal.
Another popular strategy is to use momentum to identify overbought and oversold conditions in the market. When an asset's price has been rising rapidly and its momentum is high, it may be considered overbought and due for a correction. Conversely, when an asset's price has been falling rapidly and its momentum is low, it may be considered oversold and due for a bounce back up.
Momentum is also often used in conjunction with other technical indicators, such as moving averages or Bollinger Bands, to confirm signals and improve the accuracy of trading decisions.
Overall, momentum is a useful tool for traders and investors to analyze price movements and identify potential trading opportunities. However, like all technical indicators, it should be used in conjunction with other forms of analysis and with consideration of the broader market context.
Extras
Alerts
Signals
Loxx's Expanded Source Types, see here for details
Jdawg Sentiment Momentum Oscillator EnhancedThe Jdawg Sentiment Momentum Oscillator Enhanced (JSMO_E) is a versatile technical analysis indicator designed to provide traders with insights into potential trend changes and overbought or oversold market conditions. JSMO_E combines the principles of the Relative Strength Index (RSI), the Simple Moving Average (SMA), and the Rate of Change (ROC) to create a comprehensive tool for assessing market sentiment and momentum.
The uniqueness of JSMO_E lies in its ability to integrate the RSI, SMA of RSI, and ROC of RSI, while also allowing users to customize the weight of the ROC component. This combination of features is not commonly found in other indicators, which increases its distinctiveness.
To effectively use JSMO_E, follow these steps:
Apply the JSMO_E indicator to the price chart of the asset you are analyzing.
Observe the plotted JSMO_E line in relation to the zero line, overbought, and oversold levels.
When the JSMO_E line crosses above the zero line, it may signal the beginning of an uptrend or bullish momentum. Conversely, when the JSMO_E line crosses below the zero line, it may indicate the start of a downtrend or bearish momentum.
Overbought and oversold levels, marked by the red and green dashed lines, respectively, can serve as a warning that a trend reversal may be imminent. When the JSMO_E line reaches or surpasses the overbought level, it might indicate that the asset is overvalued and could experience a price decline. Conversely, when the JSMO_E line reaches or goes below the oversold level, it can signal that the asset is undervalued and may experience a price increase.
Adjust the input parameters (RSI Period, SMA Period, ROC Period, and ROC Weight) as needed to optimize the indicator for the specific market and time frame you are analyzing.
The JSMO_E indicator is suitable for various markets, including stocks, forex, commodities, and cryptocurrencies. However, its effectiveness may vary depending on the market conditions and time frames used. It is recommended to use JSMO_E in conjunction with other technical analysis tools and methods to confirm potential trade setups and improve overall trading performance. Always conduct thorough backtesting and forward-testing before employing any indicator in a live trading environment.
TRIX with Momentum----------- ENGLISH --------------
This indicator is called "TRIX with Momentum" and is used to analyze the momentum of an asset's price and predict potential trend reversals. The logic of operation is based on the combination of two indicators: the Triple Exponential Moving Average (TRIX) and the momentum oscillator.
The TRIX is calculated using three exponential moving averages (EMA) of the asset's closing price, with a user-defined length (set to 14 by default). The TRIX is then normalized and centered around 0 to facilitate analysis of its relationship with the momentum oscillator.
The momentum oscillator is calculated using the EMA of the normalized TRIX with a user-defined length (set to 14 by default).
The indicator plots the normalized TRIX and the momentum oscillator on a chart, using different colors to indicate whether the TRIX is above or below 0. Additionally, the color of the y-axis label changes based on the position of the oscillator, while the color of the x-axis label remains gray.
The indicator uses a weighted average between the normalized TRIX and the momentum oscillator to create a colored background of the chart, which changes based on the weighted average. If the weighted average is positive, the chart's background is green, otherwise it is red. Finally, a horizontal line is drawn at point 0 to facilitate visual analysis of the chart.
------------ ITALIANO -------------
Questo indicatore è chiamato "TRIX with Momentum" ed è utilizzato per analizzare il momentum del prezzo di un asset e prevedere eventuali inversioni di trend. La logica di funzionamento è basata sulla combinazione di due indicatori: il TRIX (Indicatori di media mobile Tripla Esponenziale) e l'oscillatore momentum.
L'indicatore consente all'utente di impostare la lunghezza del TRIX e dell'oscillatore momentum come input personalizzato. Il TRIX viene calcolato utilizzando tre medie mobili esponenziali (EMA) della chiusura dei prezzi dell'asset, mentre l'oscillatore momentum viene calcolato utilizzando l'EMA del TRIX normalizzato.
Il TRIX normalizzato viene centrato intorno allo 0 per facilitare l'analisi della sua relazione con l'oscillatore momentum. L'indicatore plotta il TRIX normalizzato e l'oscillatore momentum su un grafico, utilizzando diversi colori per indicare se il TRIX è sopra o sotto lo 0.
L'indicatore utilizza una media pesata tra il TRIX normalizzato e l'oscillatore momentum per creare uno sfondo colorato del grafico, che cambia in base alla media pesata. L'utente può impostare il peso da dare al TRIX e all'oscillatore momentum come input personalizzato, e il peso dell'oscillatore momentum verrà automaticamente impostato come complementare al peso del TRIX.
Se la media pesata è positiva, lo sfondo del grafico è verde, altrimenti è rosso. Viene tracciata anche una linea orizzontale al punto 0 per facilitare l'analisi visiva del grafico.
Infine, il colore dell'etichetta dell'asse y cambia in base alla posizione dell'oscillatore, mentre il colore dell'etichetta dell'asse x rimane sempre grigio.
Bulls v BearsThis script helps you identify the relative strength of bulls and bears in the market. It calculates the difference between the high and the moving average for bulls, and the difference between the moving average and the low for bears. Then it normalizes the values between -100 and 100 using the highest and lowest values of the last "bars back" periods. This allows you to compare the current strength of bulls and bears relative to their historical strength.
The output of the script is a colored column chart that represents the difference between the normalized bulls and bears values. If the chart is mostly green, it means the bulls are currently stronger than the bears, and vice versa for a mostly red chart. Additionally, the script provides bullish and bearish signals based on when the normalized bulls cross above or below the user-defined "Line Height" value.
You can use this script to help you identify potential trend changes in the market, as well as to confirm existing trends.
Impulse Momentum MACD - Slow and FastImpulse Momentum MACD - Slow and Fast
The Momentum indicator is a technical indicator that measures the speed and strength of the price movement of a financial asset. This indicator is used to identify the underlying strength of a trend and predict potential changes in price direction, when the indicator crosses the zero line, it can signal a change of direction in the price trend.
On the other hand, the MACD is an indicator used to identify the trend and strength of the market and shows the difference between two exponential moving averages ( EMA ) of different periods. The MACD is commonly used to determine the direction of an asset's price trend.
COPOSITION AND USE OF THE INDICATOR
This script is an implementation of the Impulse Momentum MACD indicator with two variations: slow and fast. It uses a combination of the Momentum indicator and the Moving Average Convergence/Divergence (MACD) indicator to identify trend reversals and momentum changes in an asset's price.
The combination of both indicators can help traders identify market entry and exit opportunities. The Impulse Momentum MACD is a Modified MACD, it is formed by filtering the values in a range of Modifiable Moving Averages by calculating their high and low ranges,This indicator has two parts: a slow part and a fast part. The slow part uses input values for the lengths of the moving averages and the length of the signal for the MACD indicator. The fast part uses different input values for the lengths of the moving averages. Also, each part has its own set of line colors and histogram colors for easy visualization.
The script also includes inputs to choose the type of moving average to use (SMA, EMA, etc.), the lookback period, the colors for the histogram lines and bars, and a zero trend line (also known as a horizontal trend line). ).
* Highest performing custom settings for the zero trend line. For Operations of:
- One Minute: Trend Line Time Frame = Five Minutes.
- Three Minutes: Trend Line Time Frame = Fifteen Minutes.
- Five Minutes: Trend Line Time Frame = Thirty Minutes.
- Fifteen Minutes: Trend Line Time Frame = Sixty Minutes.
Rules For Trading
🔹 Bullish:
* The Zero Horizontal Trend Line should be in Green Color.
* The Slow Histogram Bar should be in Green Color.
* The Fast Histogram Bar must be in Blue or Black Color or No Bar Appears.
* The Momentum Line or Momentum Area must be in Green Color.
crosses:
- When the Impulse Momentum MACD Slow line crosses the Impulse Momentum MACD Slow signal line upwards.
- When the Impulse Momentum MACD Fast line crosses the Impulse Momentum MACD Fast signal line upwards.
- Note 1: A Position is Opened when the condition of any of the aforementioned crossovers is met.
- Note 2: If the two aforementioned crossings anticipate the condition of the Zero Horizontal Tendency Line because it is in Red; A position is only opened immediately when the Zero Horizontal Trend line turns Green.
🔹 Bearish:
* The Zero Horizontal Trend Line should be in Red Color.
* The Slow Histogram Bar should be in Red Color.
* The Fast Histogram Bar must be in Blue or Black Color or No Bar Appears.
* The Momentum Line or Momentum Area must be in Red Color.
crosses:
- When the Impulse Momentum MACD Slow line crosses the Impulse Momentum MACD Slow signal line downwards.
- When the Impulse Momentum MACD Fast line crosses the Impulse Momentum MACD Fast signal line downwards.
- Note 1: A Position is Opened when the condition of any of the aforementioned crossovers is met.
- Note 2: If the two aforementioned crossings anticipate the condition of the Zero Horizontal Tendency Line because it is Green, an immediate position is only opened when the Zero Horizontal Tendency line turns Red.
This script can be used in different markets such as forex, indices and cryptocurrencies for analysis and trading. However, it is important to note that no trading strategy is guaranteed to be profitable, and traders should always conduct their own research and risk management.
Colorful Moving Averageswhat is Colorful Moving Averages?
This indicator allows you to use your favorite moving averages in their advanced form.
what it does?
It gives you easy access to the following information with a single indicator: the direction and momentum of the price,
rate of change of momentum (acceleration),
time-dependent change in momentum,
and all the other information a moving average provides.
it paints the selected moving average type according to the momentum it has, and also shows the momentum and acceleration values in a table. colors are interpreted as follows: the color of the moving average is red, the momentum is negative; A green color means the momentum is positive, and a yellow color means the momentum is 0. As the momentum changes, the moving average takes on different shades of these 3 colors. how it actually works can be easily understood at a glance.
"Δ" sign indicates momentum compressed between 100 and -100.
"Γ" sign indicates the momentum of the momentum, that is the acceleration. its values are compressed between 100 and -100.
how it does it?
it uses this formulas:
how to use it?
First, select the moving average type you want to use. then set the length and source. Now, with a single indicator, you can observe both the distance of the price from the mean, its instantaneous momentum relative to the last candle by looking at the symbol "Δ", the current change of momentum by looking at the symbol "Γ", and the time-dependent change in its momentum by looking at the colors. you can also see the maximum and minimum points where the momentum is equal to 0.
(Very promising) [Abdullah Ahmed] Momentum indicator V.1Description: MOM-LRC is a powerful technical analysis indicator designed to provide traders with signals based on the momentum of an asset's price and its deviation from its mean value. The indicator calculates the exponential RSI and uses a custom function to determine the percentage change from the mean. The upper and lower bands of the momentum channel are then calculated using linear regression of the rate of change from the mean. The channel multiplier can be adjusted to increase or decrease the sensitivity of the indicator.
How to use :
1 - Using MOM-LRC , look for buy signals when the price of the asset is below the lower border of the channel and retracing up. The opposite is true in the case of sell signals.
2 - It is also used in the case of negative and positive divergences, just as you use RSI
The indicator can be used on any time frame and any asset, making it a versatile tool for traders of all levels.
features:
Calculates exponential RSI and percentage change from the mean
Uses linear regression to calculate upper and lower bands of momentum channel
Adjustable channel multiplier for increased sensitivity
Suitable for any time frame and any asset
Happy trading!
Advanced Price Direction AlgorithmPrices can go up or down or falter in their movement.
This code evaluates this by looking at two consecutive bars or sets of bars.
If you put the set size to 1, the current and previous bar is evaluated.
If put to 2, the last2 and the 2 before these are evaluated.
Default is 12 because this seems to coincide with trend changes.
This code provides an advanced way to evaluate what the price does in a sort of three-value Boolean with the values up, down or falter.
I use this code in indicators I develop where price direction is taken into account.
The simple output makes it possible to use it as an indicator on its own.
Multiple Standard MomentumMultiple Standard Momentum
The momentum indicator is a technical indicator that measures the speed and strength of the price movement of a financial asset. This indicator is used to identify the underlying strength of a trend and predict potential changes in price direction.
The calculation of the momentum indicator is based on the difference between the current price and the price of a previous period. The result is displayed on a chart, which can be positive or negative, depending on whether the current price is higher or lower than the price of the previous period. The indicator can be used on any time frame, but is generally used on short-term charts.
To use the momentum indicator , you look for two types of signals:
🔹 Crossover Signal – When the indicator crosses the zero line, it can signal a change of direction in the price trend.
🔹 Divergence – When the asset price moves in one direction and the indicator moves in the opposite direction, a divergence can be identified. This divergence may indicate a possible trend reversal.
COMPOSITION AND MODE OF USE OF THE INDICATOR
🔹 This indicator displays multiple Momentum levels on a single chart, allowing you to view multiple Momentum lines. Each level is represented on the chart where it can be hidden or shown as desired for better market analysis.
🔹 In addition, a zero trend line (also known as a horizontal trend line) has been added. The zero trend line is a horizontal line that indicates the point at which the current price equals the opening price, which allows users to draw a custom zero trend line on the chart using different colors and time periods of calculation.
* Highest performing custom setup for the Zero Trend Line. For Operations of:
- One Minute: Trend Line Time Frame = Five Minutes.
- Three Minutes: Trend Line Time Frame = Fifteen Minutes.
- Five Minutes: Trend Line Time Frame = Thirty Minutes.
- Fifteen Minutes: Trend Line Time Frame = Sixty Minutes.
Rules For Trading
🔹 Bullish:
* The Zero Trend Line must be in Green Color.
* When the Momentum Line Crosses the Zero Line from Bottom to Top.
🔹 Bearish:
* The Zero Trend Line must be in Red Color.
* When the Momentum Line Crosses the Zero Line from Top to Bottom.
In addition, parameters were defined to activate or deactivate the graphic signal taking into account the previous requirement (Bullish and Bearish):
🔹 Long or Buy = ▲
🔹 Short or Sell = ▼
This script can be used in different markets such as forex, indices, and cryptocurrencies for analysis and trading. However, it is important to note that no trading strategy is guaranteed to be profitable, and traders should always conduct their own research and risk management.
Energy_Arrows[Salty]This script quantifies the energy in a price move by comparing the relationship of 3 configurable exponential moving averages present on a slightly higher timeframe (chosen automatically based on the charts current period). It uses the closing price by default, but this is also configurable using the Source input. There are a few ways to use the information in this indicator. One is to use the values above zero (colored green) to provide a bullish bias for future price, and values below zero (colored red) indicating a bearish bias for future prices. This bias can be shown to be increasing or decreasing base on the upward or downward slope of the indicator. The green and red arrows can be enabled to show if the bias is strengthening or weakening based on the direction they are pointing. Finally, the height changes in the peaks of the indicator can be used to show divergence in the strength of extreme price moves to show when a pull back or reversal may occur.
True Range MomentumThe indicator calculates the momentum of bullish and bearish based on the average true range and the highest highs and lowest lows of the historical price.
The indicator displays the strength for either taking a long position, or a short position.
The simplest way to use the indicator is to take a long position when the M+ line crosses above the 0 line. Similarly, to short, the M- line should cross above the 0 line. The exit would be when the respective line crosses below the 0 line.
The contrarian traders should wait for the lines to start rising towards the 0 line and taking an exit. In essence, the line should be going from negative to 0.
The greater the divergence between the M+ and M-, the stronger the trend.
The small table of Long and Short suggests what is in strength. A 100 will show a strong trend in the respective direction. It will be 50-50 when there is no clear direction, ideally identifying a consolidation range.
Arron Meter With Alerts [Skiploss]Arron Meter With Alerts is an indicator to identify the trend, and a meter shows the percentage of AroonUP and AroonDown.
Alert Settings
It will be part of a display of bullish and bearish signals by using the condition of the upper line cross lower line and HMA 200 cross under/over EMA 12, and also upper/lower line must be higher than 70%
Momentum Deviation Bands [Loxx]Momentum Deviation Bands uses a variation of standard deviation. Instead of using price to calculate standard deviation, this uses momentum. This is another type of volatility that will be used in future indicators. This indicator serves more as an educational tool, but can also be used in trading.
You can read about the included moving averages here:
Included
Bar coloring
GRIDBOT Scalper by nnamWhat is this Indicator used for?
Made specifically for GRID Bots
note: before continuing... this indicator works on any timeframe, but it WORKS BEST ON THE 15 MINUTE TIMEFRAME
Straters and Forex Master Pattern Value Line Traders use this to help determine when the price could reverse.
This indicator is a scalping indicator that produces signals when a "potential" reversal in price is indicated. When the price moves UP and a Potential Bearish Reversal Signal occurs, traders can use this signal as a potential SHORT entry signal for their Short Grid Bot. The process is the same in reverse. After a sustained move down, a Potential Bullish Signal can be used by the trader as a potential LONG entry signal for their GridBot.
As shown in the screenshot below, lines develop on the chart (either RED or GREEN) indicating that a sustained move in one direction is currently occurring; however, there is no potential reversal signal plotted (this means that price action is currently moving in one direction only).
As shown in the screenshot below, lines can be used as a stop-loss after entering the GRIDbot. (usually, by this time, the Grid Bot is in Profit as it usually moves in the opposite direction first)
What this Indicator Does
The GRIDBOT Scalper provides information regarding potential reversals in the market after a sustained movement in one direction (either Bullish or Bearish).
The indicator is based on PRICE-ACTION ONLY and does not take into account the current state of the market (Bullish or Bearish).
Once the price moves in a particular direction for at least 14 bars , a line appears as shown in a previous screenshot. Once the price stops moving in that direction and begins moving in the opposite direction - and after a sustained run - a "signal" appears alerting the trader that a "potential" reversal could be on the horizon soon.
If price moves in one direction and plots both a line and a signal and then begins moving back in the other direction in a sustained manner, the original signal will remain even when a NEW line begins forming (the original line will disappear). (see below) This line will continue to move as the price continues to move. Not until a signal plots on the chart is the potential reversal forming. THE LINE DOES NOT SIGNAL A REVERSAL . Some traders, however, use this information to "ride the wave UP or DOWN" and exit their positions once the signal prints.
As shown below, optional input settings allow the trader to set the line at CLOSE or HIGH/LOW of the candle preceding the potential reversal.
It is suggested to use Close instead of High or Low but the setting allows one to use either.
As shown in the screenshot below, it is typical on LOWER TIME FRAMES to see the price pass the signal line. The Indicator works best on the 15 minute timeframe, as it gives the trader time to make the decisions required as the volatility is less on the 15 minute chart vs the 1 minute or 5 minute charts.
If you have any questions or suggestions for this indicator, please join our Discord. We offer free training on this Indicator on our Discord Server.
Multi SMI Ergodic OscillatorThe Multi SMI Ergodic Oscillator (Multi SMIEO) indicator can be used to identify potential buy and sell signals based on the relationship between the TSI and EMA lines.
The script is creating an indicator that plots multiple (3) sets of Time Series Indicator (TSI-Indicator) and Exponential Moving Average (EMA-Signal) lines as a single indicator.
The TSI is a momentum oscillator that helps identify overbought and oversold conditions. It is calculated using the close prices of an asset, a short-term moving average, and a long-term moving average. The script uses three different pairs of input values for the short-term and long-term periods, which can be adjusted by the user.
The EMA is a type of moving average that gives more weight to recent prices. It is calculated by applying a weighting factor to the most recent price, and then adding that weighted value to the previous EMA value. The script uses three different input values for the length of the EMA, which can also be adjusted by the user.
After calculating the TSI and EMA for each set, the script plots them on the same graph, with different colors and widths to differentiate them. The three sets of TSI and EMA lines are plotted to allow the user to compare the results of different periods. The script also plots a horizontal line at zero, which is used as a reference point for the oscillations of the indicator lines.
One way to use this indicator is to look for crossovers between the TSI and the EMA lines. A bullish crossover occurs when the TSI crosses above the EMA. This suggests that the buying pressure is increasing and a potential buy signal is generated. A bearish crossover occurs when the TSI crosses below the EMA. This suggests that the selling pressure is increasing and a potential sell signal is generated.
Some other ways that the indicator can be used include:
1. Identifying trends: The TSI and EMA lines can be used to identify the direction of the trend. An uptrend is present when the TSI and EMA lines are both trending upwards, while a downtrend is present when the TSI and EMA lines are both trending downwards.
2. Overbought and oversold conditions: The TSI can be used to identify overbought and oversold conditions. When the TSI is above the upper limit of the range, the asset is considered overbought and may be due for a price correction. Conversely, when the TSI is below the lower limit of the range, the asset is considered oversold and may be due for a price rebound.
3. Confirming price action: The Multi SMIEO indicator can be used to confirm price action. If a bullish divergence is present, it confirms a potential bullish reversal. If a bearish divergence is present, it confirms a potential bearish reversal.
4. Multiple time frame analysis: By using different periods for the TSI and EMA lines, the indicator can be used to analyze the asset on multiple time frames. It can be useful to compare the results of different periods to get a better understanding of the asset's price movements.
5. Risk management: This indicator can be used as an element of risk management strategy, it can help traders to identify overbought and oversold conditions to set stop loss or take profit levels.
The Multi SMI Ergodic Oscillator (Multi SMIEO) is a versatile indicator that can be used in a number of ways to analyze the price movements of an asset. It can be used to identify potential buy and sell signals, trends, overbought and oversold conditions, and to confirm price action. By using different periods for the TSI and EMA lines, the indicator can also be used to analyze the asset on multiple time frames. However, it is important to remember that indicators are based on historical data, and past performance does not guarantee future results.
It is important to use the indicator as part of a comprehensive trading strategy that includes risk management and other analysis techniques, such as fundamental and technical analysis. It is also important to keep in mind that indicators are not a standalone solution for trading, they should be used in conjunction with other market analysis and research techniques to generate better results.
Lastly, it is important to keep in mind that trading in financial markets comes with a certain level of risk and it is crucial to always have a proper risk management plan in place. Never invest more than you can afford to lose.
Stoch RSI 15 min - multi time frame tableABOUT THIS INDICATOR
This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart.
IMPORTANT
* NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t be correctly calculated.
* Stochastic RSI will be calculated and displayed in a table for the time frames: 15 min, 30 min, 1h, 4h, 12h.
* All time frames are based on closed bars except the "15minR" that are realtime updated values calculated on a 15 min time frame.
ABOUT STOCHASTIC RSI
The Stochastic RSI (StochRSI) is a momentum indicator that ranges between 0 and 100. A Stochastic RSI value above 80 is considered overbought and below 20 is considered oversold.
By using different time frames you can get a better idea of what direction the trade could take in a "longer" perspective.
SETTINGS
1.) Length RSI = 14 (default period)
2.) Smoothing parameter of Stochastic RSI (Length Moving Average = 3) . Moving average of stochastic RSI
* By default the displayed Stochastic RSI values are smoothed values of the actual Stochastic RSI. The smoothnes is formed by a calculated moving average of with the length of 3 by default.
If you want Stochastic RSI with a sharper signal (higher risk for "false alarms" being more sensitive) change the Length Moving Average to = 1 (no smoothness at all)
You can see the selected "Length RSI" and "Length Moving Average" on top of the Stochastic RSI table.
Next version of this script will be updated with more a more flexible solution for different time frames.
* NOTE, Tradingview comes with a inbuilt Stochastic RSI. See the the chart below. The blue line in the Stochastic-RSI chart represents (K value = 3) the same value as the script calculate/display in the table.
1st Gray Cross Signals ━ Histogram SQZMOM [whvntr][LazyBear]This is the Histogram Version of one of my other indicators named: SQZ Momentum + 1st Gray Cross Signals (with arrows) Which is a modification of "Squeeze Momentum Indicator" by user: "LazyBear". In that indicator of his he described, and suggested, the use of his gray cross signals to find points of interest for trading based on the direction of momentum when the first gray cross appears... I have programmed these points, and highlighted them, for ease of use. The 1st gray cross strategy, he said , is from John F. Carter's book, Chapter 11, "Mastering the Trade".
Here we have the Histogram version, with background highlights only, and nothing on the chart, in true SQZ Momentum style.
Disclaimer: using this indicator, or any indicator anywhere, involves risk when trading and isn't a guarantee of 100% accurate results.
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntrI have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
Percent Volatility MomentumThis pine script calculates percent volatility momentum, negative percent volatility and positive percent volatility. The blue line is the overall momentum of the current percent volatility trend. The red line only includes negative movements in the percent volatility of the source. The green line includes only positive movements of the percent volatility of the source. The script also includes an angle and a normalized angle setting that allows one to determine the angle of the source curve. Note, the angle was transformed from -90 to 90 to 0 to 100. Such that an angle of -90 is transformed to 0. An angle of 0 is transformed to 50 and an angle of 90 is transformed to 100. This is the first draft of this script and my first pine script published. Any feedback is welcome. I borrowed code from TradingView's Linear Regression Channel and Relative Strength Index pine scripts.
Quantum CDV HistogramThis script is an addition to Fixed Quantum Cdv.
It shows vector cdv ratio in columns.
You can select the length as an input to how many bars to look back for the whole calculation.
The green bars represent the bullish values and the red bars the bearish values.
The green line represents an ema of the bullish value and the red line the ema of the bearish value.
The momentum ema (in purple) represent the cdv ratio (bullish - bearish).
When the momentum ema is at 100% or more it’s a good sell opportunity and when the momentum ema is at or under 100% it’s a good buy opportunity. It is not financial advise. Make sure to make your own analysis. This script help to make entries, but do not enter positions only based on this signal.
In the inputs you can select the emas that you want to display on your histogram.
The original script is the Cumulative Delta Volume by LonesomeTheBlue.
Volume FlagThis indicator shows the increased volume compared to the previous volume.
A flag is displayed when the trading volume increased by *n of the previous candle.
Receive a signal as an alert.
Thank you.
(Please comment and click on the rocket.)
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이 지표는 이전 캔들의 거래량 대비 증가된 거래량을 확인할 수 있습니다.
깃발을 사용하여 증가 감소를 확인할 수 있으며 n배 만큼의 증가 되었을때 표시됩니다.
그리고 깃발이 표시될 경우 알람을 받으실 수 있습니다.
감사합니다.
댓글과 로케트 클릭 부탁드립니다.
MTM - Momentum IndicatorMTM - Momentum
Description
The Momentum indicator is a speed of movement indicator that is designed to identify the speed (or strength) of price movement. This indicator compares the current close price to the close price N bars ago and also displays a moving average of this difference.
Category
Momentum Indicators
Parameters
N ( Default: 6 Min: 1 Max: 100 )
N1 ( Default: 6 Min: 1 Max: 100 )
Chart Script
MTM : CLOSE-REF(CLOSE,N);
MTMMA : MA(MTM,N1)
www.edgerater.com
