Crypto ADX + DMI This indicator is a customised version of the ADX + DMI by J. Welles Wilder in 1978, with default settings optimal for cryptocurrencies. What is the DMI (ADX) Indicator? According to Investopedia: DMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX...
Level: 2 Background John F. Ehlers introuced Universal Oscillator in Jan, 2015. Function In “Whiter Is Brighter”, in Jan 2015, John Ehlers presented a new indicator he calls the universal oscillator. It is based on his theory that market data resembles pink noise, or as he puts it, “noise with memory.” It could be used to create a short-term trading strategy....
This is a Directional Movement Index (DMI) with a twist, instead of plotting the positive direction of +DI and negative direction for -DI, we subtract the +DI with the -DI on scales of 100 to -100. The result is plotted with a oscillator to identify the current trend. DMI Modified supports multiple moving averages (default is JMA with length of 3). You can disable...
HuD Bursa Strength Index - is a RSI oscilator for Malaysia Index Sector - it will display RSI of selected Index sector such as Technology and compare it with current counter's chart The purpose is to see the "relationship" between the counter and selected Index's RSI . Setting : - Default setting for RSI is 14, source is close - Index sector includes...
3 timeframes of RSIs: 6, 14 and 24 days. This is the extended version of the "standard" RSI script. How to use it: It has 3 upper bands and 3 lower bands. The 6-day RSI (orange line) corresponds to 80 and 20 bands, which means if 6-day RSI is over 80, it is an indicator of overbought for short term. Similarly, 14-day RSI use 70 and 30 bands and 24-day RSI use...
This is my so proud indicator. I call is "G-stength down" purpose of this indicator is " one glance to see the power of trend " I am not full time-trader, Im physiotherpist and im not have a lot of time to analyze the graph. I trade only stock and crypto and buy only. This's indicator develop form RSI(14) and Sto(50) How to use RED : Bearish YELLOW :...
GBPUSD / 3m BTCUSD / 5m This is an indicator used to know the tops and bottoms of the market. The logic is simple. 1. find out whether the current price is above or below the past by a very slow stoch. 2. Find out if the RSI is overbought or oversold. 3. Combine these two conditions and find out if the current price is tops or bottoms than it was in the...
INTRO The indicator is calculating multiple moving averages on the value of price change %. It then combines the normalized (via arctan function) values into a single normalized value (via simple average). The total error from the center of gravity and the angle in which the error is accumulating represented by 4 waves: BLUE = Good for chance for price to go...
MACD = Moving Average Convergence and Divergence Hybrid = Combining the two main MACD signals into one indicator BSH = Buy Sell Hold This indicator looks for a crossover of the MACD moving averages (12ema and 26ema) in order to generate a buy/sell signal and a crossover of the MACD line (12ema minus 26ema) and MACD signal line (9ema of MACD line) in order to...
This script calculates the Implied Volatility (IV) based on the daily returns of price using a standard deviation. It then annualizes the 30 day average to create the historical Implied Volatility. This indicator is intended to measure the IV for options traders but could also provide information for equities traders to show how price is extended in the expected...
Level: 2 Background John F. Ehlers introuced Super Smooth Stochastic Indicator in Jan, 2014. Function In “Predictive And Successful Indicators” of in, 2014, John Ehlers presented another innovative way to eliminate noise from classic indicators and introduces some new smoothing indicators: the SuperSmoother filter, which is superior to moving averages for...
Description : This SwissArmyKnife - MultiPurposeIndicator allows user to modify the conventional indicator smoothing method Stochastic(SMA)/RSI(RMA) to one of filtering tools proposed by John F. Ehlers . Details of each filtering type can be read in Ehlers Technical Papers: Swiss Army Knife Indicator, I'm still very new with Digital Signal Processing (DSP)...
Description : This Stochastic variant will auto-adjust stochastic period based on volatility measured by standard deviation. The idea behind it are in highly volatile market, %K period will be reduced to account for recent price range, while in low volatility market, %K period will be increased to account less of the recent price range. This idea is based on...
█ OVERVIEW Efficient Work measures the ratio of price movement from close to close ( resulting work ) over the distance traveled to the high and low before settling down at the close ( total work ). The closer the two values are, the more Efficient Work approaches its maximum value of +1 for an up move or -1 for a down move. When price does not change,...
Level: 3 Background John F. Ehlers introuced Market Mode Indicator on April, 2012. Function This indicator is used to determine whether the market is in a trending or a cyclical mode. This is accomplished by comparing the average value of price, after being filtered to the peaks and valleys of that filtered price. The filter used in this indicator is a second...
2 indicators in 1. Included Indicators are: - Correlation Coefficient - RSI Basic usage of these indicators respectively are: - CC value of 1 represents a perfect correlation, while a value of -1 represents an inverted correlation. - RSI values above 70 is commonly overbought, whilst below 30 is oversold. Please recognize that these are simplified...
Introducing the reverse MACD Indicator. This is my Pinescript implementation of the reverse MACD indicator. Much respect to Mr Johnny Dough the original creator of this idea. Feel free to reuse this script, drop me a note below if you find this useful. Investopedia defines the MACD as a trend-following momentum indicator that shows the relationship between...
Most Advanced & Accurate CandleStick Pattern Detector Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type) Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable. With this you can detect: Hammer...