Greetings Colleagues Today, I share the classic RSI. As in the last indicator (moving average oscillator by ) I try to show you how you can take advantage of any indicator to infinity. For now I let you experiment with the "2" RSIs and their histograms to measure divergence. The 1st and 2nd RSI are fully customizable together or separately. Length, source,...
The HiLo Activator study is a trend-following indicator introduced as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop. There are many scripts already published for this indicator, but I've found they didn't match the original one. So here it is the Gann HiLo...
The Pocket Pivot was originated by traders Gil Morales and Dr. Chris Kacher. A Pocket Pivot is a price and volume pattern that reveals an interest of institutional buyers. The indicator is best used when the stock is is a proper consolidation base and in a prior uptrend. The indicator shows up when the following conditions are is true. Current day's price has...
This code is based on Dr. Wish's Green Dot indicator and all credits should go to him for this indicator. I have adapted the code described by Dr. Wish in his various blog posts and webinars. This indicator involves Stochastics and Bollinger Band indicators to provide an indication when a technically sound stock is potentially oversold and reading to resume its...
Disregard the above chart, I am not sure why it isn't showing the one I want, which is linked below: This is as far as I can tell the closest representation to Dr. Alexander Elder's updated "Elder Impulse System" that has added ATR-volatility bands up to 3x deviations from price. I got the idea from watching this recent video (www.youtube.com) of Dr. Elder...
Past dates for the bitcoin halvings are marked with vertical yellow lines and labeled with the date and cycle number.
Introduction: This gem is straight out of chapter 9 of "Short Term Trading Strategies That Work" by Larry Connors and Cesar Alvarez. In the book, the authors discuss the creation of a custom strategy that sums the past X bars of the regular Relative Strength Index indicator, and they discuss how this modified "cumulative" RSI provides better entry and exit points....
This barcolor setting adds dimension to whether it's above or below where it was X bars ago by adding a longer term argument to filter out sideways price action. For example, the white price bars show when the price stayed above where it was five bars ago AND twenty bars ago. Adjust the lookback values to suit your needs. As usual, the settings I come up with work...
With this indicator, you can choose candles in the period you want on your chart. How ? • If your chart is 5 minutes, the duration should be greater than 5 on this indicator. If you do not do it this way, there will be gaps in the price, it will not give the right result. • If you want to see it in minutes, you must enter a direct numerical value. For...
Quickly plot stoo's algo levels. Gives option to expand range based on algo error formula. Gives option to display suggested entry points.
DESCRIPTION RENKOLINE Indicator - mimics RENKO charts on ANY timeframe. It is not absolutely fixed, which is actually an advantage, because it does not close bricks before the actual close of a candle. An advantage, if one knows how to play with the "bricksize" Of course it has a short side of delaying entry in case the direction momentum continues. ...
Hi forks, I'm trader Baekdoosan who trading Equity from South Korea. This long term CCI trend changing signal will gives you good buy point for a long term trading. As you know, CCI ( Commodity Channel Index ) is the indicator of how difference from MA(Moving Average). If CCI (period) value is 0 then it is the same value of the SMA (price, period). Indication of...
Hi forks, I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened. Assume that the large volume means higher than 1% of its marketcap amount. And adding ANGN (An-Na-Gan-Ni?, means "are you still there? in Korean") line for upgrade version of On Balance Volume (OBV). OBV is very good...
Hi forks, I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo baseline will give you the idea of big whale's approximate average price. The idea behind this indicator is to combine volume and price. Here's one of the equation. ... HT4=highest(volume, 250) NewH4=valuewhen(volume>HT4 , (open+close+low+high+close)/5, 1) result4=ema(NewH4,...
This is an OnChart WaveTrend Divergence Indicator with Pivots and Alerts LazyBears WaveTrend Indicator or also known as "Market Cipher" is an Indicator that is based on Moving Averages, therefore its an "lagging indicator". Lagging indicators are best used in combination with leading indicators. In this script the "leading indicator" component are Daily, Weekly...
Calculates the strike prices for the Nifty50 index in steps of 50 and marks the 2 and 3 sigma price levels.
Calculates the strike prices for the Bank Nifty index in steps of 50 and marks the 2 and 3 sigma price levels.
Pulu's 3 Moving Averages Release version 1, date 2021-09-28 This script allows you to customize three sets of moving averages, turn on/off, set color and parameters. It also tags the start date of the last set of moving average if there is. This, release version 1, supports eight moving average algorithms: ALMA, Arnaud Legoux Moving Average EMA, Exponential...