Example of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph.D., and David Stendahl.
• Load your desired oscillating indicator on your chart (CCI, RSI, etc).
• Load my "How To Use Dynamic Zones" indicator on your chart.
• In the "How To Use Dynamic Zones" indicator settings...
This study project is an updated version of the implementation of the "Stochastic False BAR" indicator.
The standard Stochastic buy/sell indications come from Stochastic crosses about the standard overbought/oversold zones (80/20). This does not always work and you get stuck in the OB/OS zones with a trend continuation. Utilising a second much longer...
For all MACD enthusiasts out there, hot off the press, I present this next generation "Modified Stochastic MACD Oscillator" employing PSv4.0, originally formulated by Vitali Apirine for TASC - November 2019 Traders Tips. Just when you may have thought it was the end of the evolutionary line for MACD technology, it's not! Basically it's a NEW hybridization of a...
Corrected Relative Volatility Index. This indicator was originally developed by Donald Dorsey (Stocks & Commodities V.11:6 (253-256): The Relative Volatility Index).
The indicator was revised by Dorsey in 1995 (Stocks & Commodities V.13:09 (388-391): Refining the Relative Volatility Index).
I suggest the refined RVI with optional settings. If you disabled...
I have used this indicator to find many lucrative opportunities. This indicator takes the moving average of CCI in custom, volatility-specific conditions. CCI measures "overbought" in the red-shaded region and "Oversold" in the green-shaded region. The shaded regions do not constitute a buy/sell signal alone, the MS CCI Squeeze is best used when market...
Union of three RSI indicators: 1h, 4h and daily. In order to show 1h RSI, you have to set it as active time frame on the chart.
Purpose: spot "triple oversold" moments, where all the three RSI are under the threshold, which is 30 by default but editable.
Target Market: Cryptocurrencies. Didn't try it on other ones, may work as well. Fits Crypto well as, by...
Highlights Oversold and Overbought
Show Cross Line when the momentum ends
Same design of my previous indicators
Setting recommended for EURUSD:
Length = 14
Oversold = 68
Overbought = 32
Other markets try:
Length = 14
Oversold = 70
El indicador destaca cuando el mercado esta en sobre-compra o sobre-venta
Para una mejor visualización, marca con...
This is a breakout signal script based on reverse engineering of RSI. It shows a channel of overbought and oversold readings that the trader can sett in settings. When low crosses under lower line it shows bullish signal and when high is crossing upper line it shows a bearish signal. The script also has wilder's moving average as filter instead of high/low.
HOW IT WORKS
Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other.
WHAT GIVE ME THIS SCRIPT
The script can give you very valuable information:
- Main Trend
- Pullbacks detections
- Extreme overbought oversold prices alerts
- Any timeframe usage
REFERENCES OF USAGE
Script to visualize the overbought and oversold condition on multiple timeframes. Good way to determine when you have a lower risk for enter a trade or to determine when you need to be on the lookout to sell.
This indicator will allow you to see overbought and oversold areas of the rsi or the cci, you must set yourself the upper and lower band of the rsi (70-30) or cci (100, -100). By default, it's Rsi
I have already posted the same indicator but only with the Rsi, I wanted to posted a more...