The purpose of converting the ATR value indicator to an oscillator; It is known that the ATR value is not between the two specified values. So it is not compressed between 0 and 100 like RSI and %B etc. Therefore, conditions such as "A condition if ATR value is X, B condition if ATR value is Y" cannot be created. In order to create these conditions, the max and...
Volume Divergence • Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its effectiveness: • Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false...
I 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 indicator calculates a fast price filter based on the closing price of the underlying asset. Overall, it is intended to provide a fast, reliable way to detect trend direction and confirm trend strength, using statistical measures of price movements. The algorithm was adapted from Marcus Schmidberger's (2018) article "High Frequency Trading with the MSCI World...
This 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...
Indicator for BTC only. This indicator combines CCI MACD RSI AND William's alligator. Bullish macd cross, RSI over 50, bullish William cross and positive CCI result in green background. Otherwise red background is displayed. For better visibility extreme values can be displayed with greater color saturation. 1D BTCUSD is best with default values. For other TFs...
This script is an interesting take on Convergence and Divergence of Moving Averages. With the built-in MACD Indicator, you cannot make these adjustments to the settings. DESCRIPTION The top Moving Average is calculated on the High of the candle. The bottom Move Average is calculated on the Low of the candle. If the two are moving apart (Divergence), the shaded...
MAGIC MACD ( MACD Indicator with Trend Filter and EMA Crossover confirmation and Momentum). This MACD uses Default Trading view MACD from Technical indicators library and adding a second MACD along with 3 EMA's to detect Trend and confirm MACD Signal. Eliminates usage of 3different indicators (Default MACD , MACD-2,EMA5, EMA20, EMA50) Basic IDEA. Idea is to...
This 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...
This indicator uses a total of four indicators, 'ParabolicSAR', 'EMA', 'MACD', and 'TSI', to indicate the direction of the trend as well as the progress signal of the trend. Basically, the overall trend is analyzed by the 'EMA' and 'TSI' indicators, and the buying trend is displayed in green and the selling trend is displayed in red candlesticks. An...
The Oscillator Extremes indicator plots the normalized positioning of the selected oscillator versus the Bollinger Bands' upper and lower boundaries. Currently, this indicator has four different oscillators to choose from; RSI, CMO, CCI, and ROC. When the oscillator pushes towards one extreme, it will bring the value of the prevailing line closer to zero. If...
RSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade. Indicator is built simply: 1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period. Then we calculate standard deviation from the 2nd MA and make upper and lower band. The rules for trades are simple: When RSI is above higher band - Buy ; ...
The Market Meanness Index was created by Johann Christian Lotter and I added some smoothing of my own, so feel free to try it without any smoothing to see the differences. This indicator relies on the mean reversion theory that all prices will eventually revert to the mean over a long period of time. Obviously there is more to the theory but the basic idea is if...
The Smart Disparity Index (SDI) is an optimized version of the Disparity Index indicator invented by Steve Nison (book "Beyond Candlesticks"). According to Steve Nison, "The disparity index (or disparity ratio), compares, as a percentage, the latest close to a chosen moving average", which means that the indicator gives the difference in % between the closing...
This indicator is designed help you see the potential reversal zones and it helps you accumulate for the long run. This combines price data on any chart. The chart isolates between 0 and -100. Below -80 is a buy, above -20 is a sell location. In these locations, try to Slowly Buy and Slowly Sell (accumulate...) Story Of This Indicator ~I was always obsessed...
The RSI is a contrarian indicator bounded between 0 and 100 where values close to the area of 30 represent an oversold condition and values close to the area of 70 represent an overbought condition. Generally, we use the area of 70/75 and the area of 30/25 as extremes that signal a market reversal or a correction. But what if we calculate a simple way to make...
Introduction Heyo, here is another no-repaint adaptive fisherized indicator. I added Inverse Fisher Transform, Ehlers dominant cycle analysis and smoothing to the Chande Momentum Oscillator (CMO). Usage The CMO is a momentum oscillator which shows the usual movement of an asset. I recommend to use it from a lower timeframe with a higher timeframe set. ...
Introduction Heyo guys, here is a new adaptive fisherized indicator of me. I applied Inverse Fisher Transform, Ehlers dominant cycle analysis, smoothing and divergence analysis on the Know Sure Thing (KST) indicator. Moreover, the indicator doesn't repaint. Usage I didn't backtest the indicator, but I recommend the 5–15 min timeframe. It can be also used on...