The SMI Ergodic Indicator is the same as the True Strength Index (TSI) developed by William Blau, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune...
This is the new-age indicator which is version of RSI calculated upon the Rate-of-change indicator. The name "Relative Strength Index" is slightly misleading as the RSI does not compare the relative strength of two securities, but rather the internal strength of a single security. A more appropriate name might be "Internal Strength Index." Relative...
The related article is copyrighted material from Stocks & Commodities. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
The RVI is a modified form of the relative strength index (RSI). The original RSI calculation separates one-day net changes into positive closes and negative closes, then smoothes the data and normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same basic formula but substitutes the 10-day standard deviation of...
The Relative Momentum Index (RMI) was developed by Roger Altman. Impressed with the Relative Strength Index's sensitivity to the number of look-back periods, yet frustrated with it's inconsistent oscillation between defined overbought and oversold levels, Mr. Altman added a momentum component to the RSI. As mentioned, the RMI is a variation of the RSI...
Script based on True Strength Index (TSI) and RSI A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two...
This back testing strategy generates a long trade at the Open of the following bar when the %K line crosses up UpBand line. It generates a short trade at the Open of the following bar when the %K line crosses down DownBand line. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
This strategy uses the RSI indicator together with the Bollinger Bands to go long when the price is below the lower Bollinger Band (and to close the long trade when this value is above the upper Bollinger band). This simple strategy only places a long, when both the RSI and the Bollinger Bands indicators are at the same time in a oversold condition. In this new...
The Pivot Detector Oscillator, by Giorgos E. Siligardos The related article is copyrighted material from Stocks & Commodities 2009 Sep You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
The Polarized Fractal Efficiency (PFE) indicator measures the efficiency of price movements by drawing on concepts from fractal geometry and chaos theory. The more linear and efficient the price movement, the shorter the distance the prices must travel between two points and thus the more efficient the price movement. You can change long to short in the...
** Tired of Script showing a trade that you stopped out on but is still long on your script? Not any more** I used Pine script to create realistic trading scenarios for SL users. Now your scripts will reflect what you see on the order book. a=0.0 a := (*Insert buy condition*)? close: nz(a ) plot(0.98*a, color= green) //2%SL for BUY b=0.0 b:= (*Insert Short...
The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO), it is shown with a signal line, a histogram and a centerline. PVO is positive when the shorter volume EMA is...
Simple Overbought/Oversold indicator You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Works on Bullish divergence indicators and is identical to MACD during an uptrend, works best on 2H or higher timeframes. Incorporates a SL which can be changed at will. SL is also used as a buy signal on lower timeframe crossovers. Uses 6H MACD to differentiate between up and downtrends. Recommend to take profits at pivots, trendlines instead of strategy's...
I made this script to incorporate Stochastic RSI with EMA crossovers and VMACD, it is only to buy and sell (Users can modify it create shorts) I personally recommend only using this when a downtrend reversal is imminent as it finds the bottom well. Signals generated on a downward moving StochRSI must be ignored. Used best with StochRSI and VMACD...
It's a long term script based on multiples EMA, crossover and crossunder. Based on two good scripts CM Sling and OCC. Always adjust resolution at least twice than chart. Enjoy it! BTCUSD
This is RSI indicator which is more sesitive to price changes. It is based upon a modern math tool - Laguerre transform filter. With help of Laguerre filter one becomes able to create superior indicators using very short data lengths as well. The use of shorter data lengths means you can make the indicators more responsive to changes in the price. You...
Still have no Idea how to avoid spam entrys on sideways or low difference price moves. It's my first script, so if you have any idea how make it's better - let me know Use it with Ashi, 15m.