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Simple Harmonic Oscillator (SHO)The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018 (pages 78-80) (www.ftaa.org.hk) The SHO is a bounded oscillator for the simple harmonic index that calculates the period of the market’s cycle. The oscillator is used for short and intermediate terms and moves within a range of -100 to 100 percent. The SHO has overbought and oversold levels at +40 and -40, respectively. At extreme periods, the oscillator may reach the levels of +60 and -60. The zero level demonstrates an equilibrium between the periods of bulls and bears. The SHO oscillates between +40 and -40. The crossover at those levels creates buy and sell signals. In an uptrend, the SHO fluctuates between 0 and +40 where the bulls are controlling the market. On the contrary, the SHO fluctuates between 0 and -40 during downtrends where the bears control the market. Reaching the extreme level -60 in an uptrend is a sign of weakness. Mostly, the oscillator will retrace from its centerline rather than the upper boundary +40. On the other hand, reaching +60 in a downtrend is a sign of strength and the oscillator will not be able to reach its lower boundary -40. Centerline Crossover Tactic This tactic is tested during uptrends. The buy signals are generated when the WPO/SHI cross their centerlines to the upside. The sell signals are generated when the WPO/SHI cross down their centerlines. To define the uptrend in the system, stocks closing above their 50-day EMA are considered while the ADX is above 18. Uptrend Tactic During uptrends, the bulls control the markets, and the oscillators will move above their centerline with an increase in the period of cycles. The lower boundaries and equilibrium line crossovers generate buy signals, while crossing the upper boundaries will generate sell signals. The “Re-entry” and “Exit at weakness” tactics are combined with the uptrend tactic. Consequently, we will have three buy signals and two sell signals. Sideways Tactic During sideways, the oscillators fluctuate between their upper and lower boundaries. Crossing the lower boundary to the upside will generate a buy signal. On the other hand, crossing the upper boundary to the downside will generate a sell signal. When the bears take control, the oscillators will cross down the lower boundaries, triggering exit signals. Therefore, this tactic will consist of one buy signal and two sell signals. The sideway tactic is defined when stocks close above their 50-day EMA and the ADX is below 18
Indicador Pine Script®
por UnknownUnicorn170838
1
MWho is in ControlWho is in Control. This study shows who is in control by showing just the Bull side, the Bear side or a combined view. This study follows the same philosophy of simplicity I try to use as much as possible in my studies. The least number of parameters and as understandable as possible. Len : length of the period Signal : Signal to show change of trend Disp Bull : Display/Hide Bull Side Disp Bear : Display/Hide Bear Side Disp Differential : Display/Hide the differential between Bulls and Bears.
Indicador Pine Script®
por Madrid
7
Multi Timeframe ADX and DI w/ AlertsThis script is based off the public DMI code and used to get a quick visual of trend and direction across 3 different timeframes. Alert conditions have been setup for trend changes to bull/bear for all 3 timeframes. This script is meant to pull together the concepts of multi-time frame indicators, custom functions, and custom alert conditions. The primary instructions for this script was to find a version of the ADX Indicator and give it the same treatment as we did with the Heiken Ashi demo (displaying green/red/gray circles to indicate trend and direction) over a configurable time frame. Display a matrix of each timeframe and the corresponding directional color (green=bull, red=bear, gray=non-trending). Have it produce an alert when the state of indicator changes to either bull or bear.
Indicador Pine Script®
por JoshuaMcGowan
5
Force Index with Fast Turtle and StochasticBull and Bear force/power indicator with price action signal at Oversold or Overbought Area. GREEN Bar indicates Bull is in control RED Bar indicates Bear is in control. LENGTH of the bar indicate the strength of Bull or Bear. Example of BUY Usage#1 : Potential BUY if the RED bar turned GREEN. (Best to Long if RED turn GREEN happen at Support) Potential SELL if the GREEN bar turned RED. Usage#2 : Potential BUY if the RED bar turned BLUE (above 0) with BoD signal appears. (BEST Buy On Dip strategy) Potential RISK BUY if the RED bar turned BLUE (below 0) with BoD signal appears (RISKY Buy on Dip where price might not have enough strength to move up)
Indicador Pine Script®
por kgiap123
10
Elder impulse system with double exponential moving average dema This version of impulse uses the double exponential moving average instead of the typical ema both to calculate macd and the moving slow and fast moving average that are plotted. The impulse system : The Impulse System combines two simple but powerful indicators. One measures market inertia, the other its momentum. When both point in the same direction, they identify an impulse worth following. We get an entry signal when both indicators get in gear. The Impulse System uses an exponential moving average to find uptrends and downtrends. When the EMA rises, it shows that inertia favors the bulls. When EMA falls, inertia works for the bears. The sec- ond component is MACD-Histogram, an oscillator whose slope reflects changes of power among bulls or bears. When MACD-Histogram rises, it shows that bulls are becoming stronger. When it falls, it shows that bears are growing stronger. The Impulse System flags those bars where both the inertia and the momentum point in the same direction. When both the EMA and MACD-Histogram rise, they show that bulls are roaring and the uptrend is accelerating.
Indicador Pine Script®
por Biticon
2
MACD Zero lag impulse systemThis version of impulse uses the double exponential moving average instead of the typical ema. The impulse system : The Impulse System combines two simple but powerful indicators. One measures market inertia, the other its momentum. When both point in the same direction, they identify an impulse worth following. We get an entry signal when both indicators get in gear. The Impulse System uses an exponential moving average to find uptrends and downtrends. When the EMA rises, it shows that inertia favors the bulls. When EMA falls, inertia works for the bears. The sec- ond component is MACD-Histogram, an oscillator whose slope reflects changes of power among bulls or bears. When MACD-Histogram rises, it shows that bulls are becoming stronger. When it falls, it shows that bears are growing stronger. The Impulse System flags those bars where both the inertia and the momentum point in the same direction. When both the EMA and MACD-Histogram rise, they show that bulls are roaring and the uptrend is accelerating.
Indicador Pine Script®
por Biticon
6
Elder impulse system with barcolor + Safezone stops + emasThe impulse system : The Impulse System combines two simple but powerful indicators. One measures market inertia, the other its momentum. When both point in the same direction, they identify an impulse worth following. We get an entry signal when both indicators get in gear. The Impulse System uses an exponential moving average to find uptrends and downtrends. When the EMA rises, it shows that inertia favors the bulls. When EMA falls, inertia works for the bears. The sec- ond component is MACD-Histogram, an oscillator whose slope reflects changes of power among bulls or bears. When MACD-Histogram rises, it shows that bulls are becoming stronger. When it falls, it shows that bears are growing stronger. The Impulse System flags those bars where both the inertia and the momentum point in the same direction. When both the EMA and MACD-Histogram rise, they show that bulls are roaring and the uptrend is accelerating. The SafeZone Stop : Once in a trade, where should you put your stop? This is one of the hardest questions in technical analysis. After answering it, you’ll face an even harder one—when and where to move that stop with the pas- sage of time. Put a stop too close and it’ll get whacked by some mean- ingless intraday swing. Put it too far, and you’ll have very skimpy protection. The Parabolic System, described in Trading for a Living, tried to tackle this problem by moving stops closer to the market each day, accelerating whenever a stock or a commodity reached a new extreme. The trouble with Parabolic was that it kept moving even if the market stayed flat and often got hit by meaningless noise. SafeZone trails prices with stops tight enough to protect capital but remote enough to keep clear of most random fluctuations. Engineers design filters to suppress noise and allow the signal to come through. If the trend is the signal, then the countertrend motion is the noise. When the trend is up, we can define noise as that part of each day’s range that protrudes below the previous day’s low. When the trend is down, we can define noise as that part of each day’s range that pro- trudes above the previous day’s high. SafeZone measures market noise and places stops at a multiple of noise level away from the market. We can make our lookback period 100 days or so if we want to aver- age long-term market behavior. SafeZone offers an original approach to placing stops. It monitors changes in prices and adapts stops to the current levels of activity. It places stops at individually tailored distances rather than at obvious support and resistance levels.
Indicador Pine Script®
por Biticon
3
TradePro BTradePro B is a combination of a momentum oscillator, a signal filter, and a volume indicator that give a total of 6 indications, 3 bullish, and 3 bearish. It works great for finding the highest peaks, and lowest valleys of a markets volatility, as well as price traps. The Gray and White Waves show the Momentum Oscillator which plots bullish and bearish momentum. The Blue Waves representing the Volume Indicator, measures the positive and negative change in volume of a security over a longer-period of time, and is a handy tool to spot divergences. TradePro B plots visual signals for easy identification of trends. The Volume Indicator plots a Green Dot for a longer-term positive change in volume, and a Red Dot for a longer-term negative change in volume. It also plots a Green Diamond to mark the possible end to a bearish rally, and a Red Diamond for a possible bullish rally end, as well as Green and Red Flags for bull traps and bear traps. A custom algorithm filters the noise, creating color coded signals that are a bright Red and Green for a stronger signal, and a faded Red and Green for a weaker signal, giving traders an edge in identifying the momentum strength of the surrounding candles. TradePro B is the second part of the TradePro package. Use it with TradePro B to create Trade-Hands, much like Poker-Hands, and find the perfect entry best used for scalping and day-trading. For more information, visit the TradePro Discord. Link to Discord: discord.gg
Indicador Pine Script®
por RobinHoodAI
Phantom Trader -- BTC -- OnlyPhantom Trader is a "counter-trend" strategy built to take advantage of non-linear trading ranges and heavy chop zones. Phantom Script is forward-thinking, and will project the next possible reversal zone (PRZ) well head of the move. This script can be utilized for : Hedging Swing trading Scalping --------------------------------------------------------------------------------- Most reliable time frames are the 60-30-and 15 Green line indicates hidden support levels Purple line Hidden resistance levels. When price comes in contact with our PRZ "Potential Reversal Zone" It is wise to take up a hedge position. BITMEX:XBTUSD" BITMEX:XBT BITSTAMP:BTCUSD BITSTAMP:BTCEUR COINBASE:BTCUSD COINBASE:BTCUSDC COINBASE:BTCEUR COINBASE:BTCGB BITFINEX:BTCUSD BITFINEX:BTCEUR BITFINEX:BTCGBP BINANCE:BTCUSD BINANCE:BTCUSDC BINANCE:BTCUSDT BINANCE:BTCUSDC BYBIT:BTCUSD GEMINI:BTCUSD KRKN:XBTUSD ----------------Impulse Rejection---------------------- Bullish Impulse WEAK SELL SIGNAL: If Price is closing above Purple Phantom PRZ during bullish impulse, then likely a bullish impulse continuation is to take place. STRONG SELL SIGNAL: If Price is failing to close above Purple Phantom PRZ Line after a bullish impulse, then look to hedge the short, or to take up a short position. Bearish Impulse: WEAK BUY SIGNAL: If Price is closing below Green Phantom PRZ line, after a bearish impulse, then maintain short position. STRONG BUY SIGNAL: Once Price starts closing above Green Phantom PRZ line, look to hedge a long against a short, take profit the short, or net long the asset. ------------------------------------------------------------------- Signal Invalidation Close and continuation above Purple PRZ would invalidate short signal Close and continuation below Green PRZ would invalidate the long signal If the same above PRZ is rung once again, then that was likely a stop hunt. Another close above, and signal should be retaken. ----------------------------------------------------------------------- Midline Signals Rejection at Midlines, during a bullish impulse, is bearish: -Entering a short position or profit-taking current long is advised. -A net-long trader not wanting to profit take their long can hedge an equal-sized short there. Rejection at Midlines, during a bearish impulse, could signal trend change: -A net-short trader should hedge a long position against their short. -A net-long trader can add to their long on the second or third bounce Continued rejection at midline, one should take up a net position in the direction of which the chart is rejecting. ----------------------------------------------------------------------- For Test Access Please use the following GOOGLE form: forms.gle For monthly licensing: https://coin-observatory.chargifypay.com... $75/month licensing fee To obtain a lifetime license And For SCRIPT SUPPORT please join our discord: discord.gg For ALL ASSET Classes
Indicador Pine Script®
por CoinObservatory
8
TradePro ATradePro A is a combination of 9 different EMAs, two momentum indicators, and two oscillators. This combination gives off 12 indications, 6 bullish and 6 bearish. The indicators and signals they output are as follows.. 1) 9 Different Exponential Moving Averages (EMA's) plots the Golden and Death Crosses as well as the Bull and Bear Crosses 2) MACD plots a - sign to indicate Bullish and Bearish crosses. 3) Stochastic RSI plots a down triangle and up triangle to indicate an overbought or oversold RSI value. 4) The Money Flow Indicator plots a $ sign for a positive or negative flow of money into and out of a security over a shorter period of time. 5) The Momentum Trend Indicator is used to plot Bull Flags and Bear Flags, which hints at a trend direction. Using TradePro A does not work well unless used with TradePro B. Together, this indicator pair calls every top and every bottom, and is a powerful tool for scalping and day-trading. For more information, visit the TradePro Discord. Link to Discord: discord.gg
Indicador Pine Script®
por RobinHoodAI
Advanced Candlestick Patterns [vitruvius]This is a very advanced indicator that detects most commonly used candlestick patterns. Please read this document carefully to understand how it works. It is tailored to identify patterns that only have a great possibility of signaling a price movement. In other words, it can and will ignore some patterns, even though they satisfy the recognition conditions defined in the books. Candlestick patterns should also satisfy some other conditions in this indicator to be valid and you can modify those conditions. This indicator is not only about identifying the candlestick patterns. By using the different choices, you can: Avoid fake signals Confirm patterns Increase your possibility to win a trade Reduce risk Identify bullish/bearish movements better Recommended Use This indicator works best when you: Use it in the daily time frame Combine it with Support/Resistance areas Note: For some candlestick patterns, you have the option of confirming the pattern with the next price action. In those cases, there will be obviously one bar delay (because it will wait for one more bar to close to confirm the pattern). However, it will mark the candlestick where it identifies the pattern and it will have ”Confirmed” in its text. Important Note This indicator does some serious calculations and checks for a lot of user inputs. Therefore, it might be a little slow. Please give it some time when it needs to do some computing. MODULES Trend Detection Most of the patterns in this script are trend reversal patterns. So, recognition of the candlestick patterns depends heavily on the trend. In fact, even if you do not select a trend detection method, it will use the SMA method as default where it needs a certain trend in identifying a specific pattern. It is possible to combine multiple trend detection methods. You can see how this affects the overall trend detection by enabling the background coloring. Note: There might be some cases where a candle has a bullish/bearish confirmation of the same candlestick pattern . In those cases, the script is unable to identify the move and the user should decide if the identified pattern is bullish or bearish. Below are the inputs of this module: Color the background according to the trend? If you select a trend detection method, it will color the background green for an uptrend and red for a downtrend . Counter the trend when there is no obvious trend? If you select multiple trend detection methods, there might be some cases where one of the methods indicates an uptrend and the other one indicates a downtrend . In that case, the script will continue with the previous trend (whatever the trend is one bar ago) by default . You can, however, reverse the trend in those cases by using this option. If you choose to reverse, you might catch the trend early . Use MACD to detect the trend? Use MACD to detect the trend. Whenever MACD delta is greater or equal to zero, it is an uptrend . MACD Fast Length Fast length of MACD. MACD Slow Length Slow length of MACD. MACD Signal Smoothing Signal smoothing value of MACD. Please note that it is set to 6 by default. Use SMA to detect the trend? Use SMA to detect the trend. If the price closes above the SMA line, it is an uptrend SMA Length Length of SMA. Use the average price of previous candles to detect the trend? If the average of open and close prices constantly go up for n bars that are determined by the next user input, it is an uptrend . Number of candles to analyze The number of bars ( n ) to analyze for the average price method. Use the closing price of the previous candle to detect the trend? If the difference between the current close and nth previous bar’s close is greater than the given threshold, it is an uptrend . Position of the previous candle to analyze Position of the bar (backward) to compare with the current close price. Threshold for the closing price The threshold value for closing price method. Basic Candlestick Patterns This module detects Doji, Spinning Top, Marubozu candlestick patterns. Also, you can set some specific options that are going to be used in all candlestick patterns. Note: If you choose to manually enter the body height of a doji , you need to find the optimal value for different timeframes. Different timeframes have difference price action ranges. Below are the inputs of this module: Tolerate opening/closing price of the candle? When a candlestick pattern needs to have a gap between two candles, you can tolerate the opening/closing prices of the one candle. This option is useful where the opening and closing prices are very close. This option is going to be used in all candlestick patterns. Factor for tolerating opening/closing price The more the factor is, the more the tolerance is. Body/Height ratio for a candle to be considered as Bullish/Bearish A bullish/bearish candle shouldn’t have too much shadow. You can use this option to determine the shadow length of a bullish/bearish bar. This option is going to be used in all candlestick patterns Use basic candlestick pattern (Doji, Spinning Top, Marubozu)? Detect doji, spinning top, marubozu candlestick patterns. Manually set body of Doji? You can manually set the body height of a doji. Otherwise, it will be calculated automatically. If you choose to use this option, then spinning top, and marubozu will also be calculated based on this. Body of Doji Body height of a bar to be considered as doji . Any bar with a body equal or less than the given value will be marked as doji. Only effective if you check the ”Manually set body of Doji?” option . Verify a Doji by looking at the preceding candle? If true, it will only mark dojis if the preceding candle is bullish or bearish. Single Candlestick Patterns This module detects Hammer, Hanging Man, Inverted Hammer, Shooting Star single candlestick patterns. Below are the inputs of this module: Confirm Single Candlestick Patterns with next closing price? You can confirm a single candlestick pattern with the next closing price. That is, if the next candle closes above the previous one, it will confirm a bullish movement. If the next candle closes below the previous one, it will confirm a bearish movement. Use Hammer and Hanging Man Single Candlestick Patterns? Detect hammer and h anging man single candlestick patterns. Use Inverted Hammer and Shooting Star Single Candlestick Patterns? Detect inverted hammer and s hooting star single candlestick patterns. Dual Candlestick Patterns This module detects Engulfing, Tweezer Bottoms, Tweezer Tops, Harami, Inside Bar, Piercing Line, Dark Cloud Cover dual candlestick patterns. Below are the inputs of this module: Use Engulfing Dual Candlestick Pattern? Detect engulfing dual candlestick pattern. Validate Engulfing by comparing highs and lows? If checked, the second bar must engulf the previous bar’s high/low also. If unchecked, the second bar should only engulf the real body of the first bar. Use Tweezer Bottoms and Tops Dual Candlestick Patterns? Detect tweezer bottoms and tweezer tops dual candlestick patterns. Check the shadow equality of Tweezer Bottom and Tops? Check if the shadows of the tweezer bars are about the same length. Detect Harami Dual Candlestick Pattern? Detect harami dual candlestick pattern. Use High/Low of the second Harami candle instead of Open/Close price? If checked, the body of the child must be within High and Low of the mother bar. Otherwise, only open/close prices will be checked. Detect Inside Bar Dual Candlestick Pattern? Detect inside bar dual candlestick pattern. Treat Inside Bar as a reversal pattern? If checked, inside bar will be treated as a bullish/bearish reversal pattern. Check if the Inside bar formed in the upper/lower half of the Mother bar? Check if the inside bar forms within the upper/lower body half of the mother. Then it will be treated as a bullish/bearish inside bar . Detect the Inside Bar only if the previous candle closes outside of the Keltner channel? This option effects identifying the inside bar . Such that, an inside bar will be detected only if the previous candle closes outside of Keltner Channel . Inside bars are effective when the market is extended and this is a nice way to check for that. Confirm Inside Bar with the next close breaching the low/high of the inside bar? Check if the next bar breaches inside bar’s high/low. Then it will be treated as a bullish/bearish inside bar . Use Piercing Line and Dark Cloud Cover Dual Candlestick Patterns? Detect Piercing Line and Dark Cloud Cover dual candlestick patterns. Triple Candlestick Patterns This module detects Morning Star , Evening Star, Three White Soldiers, Three Black Crows, Three Inside Up, Three Inside Down, Three Line Strike, Abandoned Baby, NR4, NR7 candlestick patterns. Below are the inputs of this module: Use Morning and Evening Star Triple Candlestick Pattern? Detect morning and evening star triple candlestick patterns. Don't allow the second candle's body to overlap with the first and third candle? If checked, high and low of the second candle cannot overlap with the first and third candle for morning and evening star candlestick patterns. The third candle must close beyond the midpoint of the first candle? If checked, the third candle must close beyond the midpoint of the first candle for morning and evening star candlestick patterns. Use Three White Soldiers and Three Black Crows Triple Candlestick Pattern? Detect three white soldiers and three black crows triple candlestick pattern. Compare bodies of Three White Soldiers and Three Black Crows candles? You also have the possibility of comparing bodies of the candles in a way that every consecutive candle must have a bigger body than the previous candle. Check if each candle (TWS&TBC) opens in the middle price range of the previous day? You can check if each candle of three white soldiers and three black crows opens in the middle price range of the previous day. Use Three Inside Up/Down Triple Candlestick Pattern? Detect three inside up and three inside down triple candlestick pattern. Check candles' bodies and closing prices for Three Inside Up/Down? There are two different definitions for three inside up/down candlestick patterns. This option allows you to select one of those definitions. That is; If unchecked , the second candle should make it up all the way to the midpoint of the first candle. Also, the third candle needs to close above the first candle’s high. If checked , the second candle opens and closes within the real body of the first candle. Also, the third candle needs to close above the first candle's high. Use Three Line Strike Candlestick Pattern? Detect three line strike triple candlestick pattern. Compare High/Lows instead of Open/Close for the Three Line Strike Pattern? If checked, it will compare high/lows instead of open/close prices for the three line strike pattern. Use Abandoned Baby Triple Candlestick Pattern? Detect abandoned baby triple candlestick pattern. If you choose to tolerate opening and closing prices, high and low prices will also be tolerated for abandoned baby. Use NR4 Candlestick Pattern? Detect NR4 candlestick pattern. Use NR7 Candlestick Pattern? Detect NR7 candlestick pattern. Confirm Narrow Range Candlestick Patterns with next closing price? You can confirm NR4 and NR7 candlestick patterns with the next closing price. That way they will be identified as bullish or bearish patterns. NOTES FROM THE AUTHOR Please do not hesitate to contact me if you have any questions. If you are not familiar with a specific candlestick pattern, try to google it. If you still need help, you can always contact me. If you find a bug, or you think the indicator does not work as intended, please contact me with a screenshot of the chart. Also, please mention how you set up the user inputs. If you have any ideas to further improve this indicator, please feel free to share it with me :) LIKE , if you like it. SHARE if you think it would be useful for others too. FOLLOW for future updates and new indicators.
Indicador Pine Script®
por vitruvius
21
10/5 Weekly/Daily EMAs with ConfirmationsPlots Daily and Weekly 10 & 5 EMAs (but fully customizable to your own). In addition to plotting the EMAs it color coordinates trend bias and has cross confirmation signals. Philosophy and how to read: I use this indicator when trading strictly on the daily timeframe. I have not tested it on other timeframes. In my trade system I start with both the monthly and weekly charts to define overall bias. Here’s the general rule of thumb. 10 EMA is direction (bias) and 5 EMA is price. If 5EMA is below 10EMA there is a bear bias. If 5EMA is above 10EMA there is a bull bias. This indicator will plot both the daily and weekly 10 & 5 EMAs. It will also color code the background based on how these EMAs relate to each other. Light red typically is just the daily is confirmed bear (typically because it could be either or) Dark red, both daily and weekly in confirmed bear. Light green, typically just daily is confirmed bull (typically because it could be either or) Dark green, both daily and weekly in confirmed bull. In addition to background highlight there is confirmation crosses. The daily confirmation cross is default yellow triangle. Down triangle is 5 crossing the 10 downward. Up triangle is the 5 crossing the 10 upward. The weekly confirmation is the same only is aqua color. Generally, on a color change you want to see one or both confirmation in the direction of the bias change. If you only want to plot the daily bias in the options unclick the setting: Include Weekly Background Plotting. Unclicking this will remove the background coloring for the weekly bias. This might be helpful if you only want to see the strength of what the weekly timeframe is telling you. Also, I’m primarily a trend trader but I also do have a reversal system I trade with lower R:R parameters. A good reversal confirmation signal I’ve noticed is the instrument that you are trading should go through a cycle of light color to dark color. You could also create alerts with this indicator based on just signals. When the signal fires the value will be 1. Future Updates: I want to find some way to correlate the distance between these EMAs to enhance the signal. Also to include a velocity component. Plus a few more things. If you like this indicator please like and leave a comment down below.
Indicador Pine Script®
por RexDogActual
1
Absolute Strength HistogramThe Absolute Strength Histogram Absolute Strength Histogram is composed of two separate signals - Bulls and Bears. Both signals are plotted on the same graph. By doing so we can see the strength of the buyers and sellers in comparison to one another. When the Bulls Signal is above the Bears Signal, the histogram is blue and the market tends to be trending up (go long). When the Bears Signal is above the Bulls Signal, the Histogram turns red and the market tends to be trending down (go short). There are two methods for calculation, the RSI and the Stochastic, and both have their merits. There are also several smoothing algorithms added that you can select from the drop-down. Note that higher smoothing will notify you of trend changes later. Lower smoothing will give you quicker signals at the cost of more errors (false signals or noise). Happy Trading :)
Indicador Pine Script®
por GMAN-Trading
22
Taintalicious IndicatorThis indicator gathers data from the Weis Wave indicator (thanks to @LazyBear for the original code), and coverts it to something like a VPCI or a Chaikin Oscillator. This indicator is quite versatile. It can be ran with Weis Wave turned on and the Bands + MA turned on together, though I find the scaling becomes an issue. If it is the only indicator you're using, scaling isn't a problem as long as you enlarge it. I prefer to run the Bands + MA + Long MA as one setup, and flip to Weis Wave when I need to see the raw data underneath. You can use this indicator to spot momentum shifts, the strength of bullish or bearish moves, bull/bear divergences, trend reversals, consolidation/squeezes, and even Wyckoff springs. It will take some getting used to though. Tips for interpretation: --Bearish/Bearish Divergence: TI diverges from price. TI is making lower highs or higher lows while price is making higher highers or higher lows. You can turn on the setting to highlight some of these divergences, but I find it easier to simply look for them. --As an Oscillator: TI crossing zero can indicate a shift in momentum. The deeper the initial rise or fall past zero, the stronger the momentum shift. --Overbought/Oversold: When TI breaches the bands while they are wide--indicating high volatility in the same way Bollinger Bands do--this can be viewed as an overbought or oversold signal. Begin looking for an entry once TI forms a "v" shape, and begins moving back towards the bands. The best entry is typically when TI breaks back into the bands. These breaches are highlighted with either green or red. --Long MA: This can be used for bull/bear divergence as well as a leading indicator for trend reversals or momentum shifts. TI crossing above or below the Long MA is one signal. Whether the Long MA is above or below zero indicates the market sentiment/trend over the last 100 periods--above zero being bullish and below zero being bearish. Best setting for Trend Detection Length is 4 Feel free to contact me on Twitter if you have questions: @TheFeralTaint
Indicador Pine Script®
por TheFeralTaint
1
Market SentimentThis indicator aims to provide a way to read the current 'mood' of the market. Bright green indicates bullish, red indicates bearish. The faintly-colored green or red regions that sometimes appear at the edges indicate hidden presence of bulls or bears. As they grow, the strength of an attempt by one to overtake the other increases. The black region between the hidden and present regions, indicates the likelihood of such an attack taking place. More black = More likely.
Indicador Pine Script®
por MCFX2