Sniper Stochastics 2 is like the other one - a triple stochastics consisting of different lengths, in this case 55,89,144. One thing I noticed was that the stochastics lines can be a kind of divergence detector with the slow (red), medium (blue) and fast(black) lines making breakaways once they converge. For example, if the lines are together and the black...
This is the Matrix oscillator made by glaz. So credit goes to him. I made some minor modifications to it: 1. added a zeroline 2. added 3 options to color bars/candles depending on: - if the oscillator is above/below 0 - if it's oversold/bought* - if the matrix has a green bar or a red That's all :)
Shows agreement or disagreement between the direction of the the price and the on-balance volume. When they disagree, the price is supposed to follow the OBV (or so they say.)
This is a MACD divergence on 3 time-frames, 1h, 4h and 1D. Please insert the indicator into a 1h chart, otherwise change the lengths' inputs. you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors. H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish. Gray...
Credit to HPotter - colour code borrowed from his AO script.
UPDATE: added CCI to the list of oscilators.
Update: added Fisher Transform to the list of oscillators.
EXPERIMENTAL: Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes) this indicator can also be used for convergence/divergence. (accidentjev2) added multi timeframe support (indicator may repaint values)
Oscillator for various uses, divergence versus price action and "0" crossing of trend/move change among others. Use with caution
EXPERIMENTAL: Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes) this indicator can also be used for convergence/divergence.
Price Overlay for Multiple Method Choice Divergence Detection:
As described here: update: added divergence detection.
Thank You Richard Santos!!! This is a great indicator guys.Its good for measuring divergence in an objective way. The idea is to measure the high to high and the low to low (stock vs. indicator) with the low to high and high to low (stock vs. indicator). This is the basis of divergence. I love this one. I would also add you can draw angles on the indicator...
EXPERIMENTAL: Accumulation and Distribution Divergence detection.
EXPERIMENTAL: MACD Divergence detection. looks like macd is more prone for missing the extremes in price then the rsi due to lag.