This is new version of RSI oscillator indicator, developed by John Ehlers.
The main advantage of his way of enhancing the RSI indicator is smoothing
with minimum of lag penalty.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
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...
Hello,
I'm new in scripts.
I build this one based on the MACD Strategy one but it look like mine don't plot buy and sell arrows on my chart, why?
thanks for help
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...
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...
Example how to select and set date range window to be backtested. Normally when you change chart period it changes the number of days being backtested which means as you increas the chart period (for example from 5min to 15min) you also increase the number of days traded, so you can not compare apples to apples for which period would yield best returns for your...
This is a pretty simple microprofit strategy with a couple twists:
Renko boxes plot fixed price changes over variable amounts of time, rather than plotting varying price changes over fixed amounts of time like conventional candlesticks. This makes price trends much simpler to identify, and that's what we ultimately care about.
Triple exponential moving average ...
Renko candles filter out noise by plotting a fixed change in price rather than a fixed time frame.
Strategies like MACD or MA cross can give a lot of false signals when the price is wavy, but not actually going anywhere. This is especially a problem with small time frames.
Since it's so easy to identify trends on a Renko plot, this strategy uses a simple moving...
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.
This script sets defaults that I like to start with:
Trade commission set to 0.25%
Allow multiple buys before sells
Fixed trade size
Also included are setting a minimum desired gain (change gain_protection to 0 if you want to sell regardless of your gain), and buying only if it will reduce your average bought price (change avg_protection to 0 to turn this...
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...
The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning...
The theory behind the indexes is as follows: On days of increasing volume,
you can expect prices to increase, and on days of decreasing volume, you can
expect prices to decrease. This goes with the idea of the market being in-gear
and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running
cumulative of values, which means you either...
it's a repainting script cheating on tester, on backtesting %100 correct but on forward testing it will only work % 15 correct and %85 wrong. I did another script showing real forward testing results of this script.
