This is based on Everget's Kirshenbaum Bands
But it is a MACD like oscillator script. And the best thing is, if you familiar with MACD... You can use this in the same way. If your unfamiliar with MACD there is a ton of information if you google it like this for example.
RBI is an intricate oscillator that calculates relative breadth of an asset according to its trend. If you want to detect reversals, continuations, trend strength, divergences, and confirm other signals, read on.
Relative Breadth Index has 4 main components:
Fast (White), Medium (Green), and Slow (Red) Oscillators
Overbought and Oversold Thresholds (Shaded...
Slightly lagging oscillator, that provides strong trending signals.
Consists of 3 indicators:
'The line'- the quickest to react to price movement
'The wave'- medium term visual aid.
'The ribbon''- trending price direction.
How to use- look for confluence of all 3 turning the same color. Essentially the indicator seeks to short any oversold readings in a...
This script gives you a signal when it recognizes a potential pullback in the marked based on the pricevalue of the previos three bars and the closing bar. we have also coded in a customizable RSI to filter out trades. you can also customize the hlines in the rsi. Alerts:)
Anderson´s Pivots & EMAS Indicator SET UP
The best set up for me is looking only weekly and monthly points. It will give you a clear idea of the market.
The indicator as general have to much info and could be hard to understand without clear bases.
Designed specifically for Bitcoin on the daily chart, this indicator calculates risk, based on average divergence and extension.
Zone transitions are specific areas of interest, for example, where entering green zone below value .17 a low risk period with very good buying opportunities begins.
On the other hand transitions into red zones, for example above .57...
I was playing around with the TSI-MACD and surprisingly it works quite well as a mirror.
There are 2 ways this can be used
1. Enter long when Blue line crosses up the Red
2. Exit long when Green line crosses the blue
or
1. Enter long when Blue line crosses up the Red
2. Exit long when Blue line crosses back down below the Red
MACD is about a relationship between two Moving Averages. Visual Macd draws these two moving averages and shows MACD with color on them. It is helpful for understanding MACD.
This is a MACD version with MaGinley Dynamic indicator invented by John R. McGinley. MaGinley Dynamic can be used as a moving average and is a highly reliable indicator. Here i use it instead of EMA witch normally is used to calculate MACD.
For more information of MaGinley Dynamic
www.investopedia.com
What does it do?
This indicator allows you to identify possible top and bottom reversals by having a prior volume reversal identifiable by positive (top reversal) and negative (bottom reversal) waves.
How does it work?
Everytime the wave starts ending its movement by shrinking the size of the histogram bars, it might be signing that a price reversal is on its...
As it states this is Satoshi RSI Multi Time Frame
Meaning you can now trade the HTF RSI momentum while on the LTF
so for instance I trade the 5m chart but using the m30 trend using this indicator
the multiple between the two values is 5 so id suggest you keep your multiple the same. So if you want to trade the H1 chart you would set the TREND or "HTF Fast...
What Is Schaff Trend Cycle? (Reference from Investopedia)
The Schaff Trend Cycle (STC) is a charting indicator that is commonly used to identify market trends and provide buy and sell signals to traders. Developed in 1999 by noted currency trader Doug Schaff, STC is a type of oscillator and is based on the assumption that, regardless of time frame, currency trends...
![BTCUSD: Kirshenbaum Bands Histogram [ChuckBanger]](https://s3.tradingview.com/x/Xkan1oy0_mid.png "Kirshenbaum Bands Histogram [ChuckBanger]")
![BTCUSD: Wave Trend With Signals [ChuckBanger]](https://s3.tradingview.com/v/VLa3fKA7_mid.png "Wave Trend With Signals [ChuckBanger]")
![BTCUSD: McGinley Dynamic Convergence/Divergence [ChuckBanger]](https://s3.tradingview.com/6/6GqqVZ99_mid.png "McGinley Dynamic Convergence/Divergence [ChuckBanger]")
![USDJPY: Ku-Chart / Currency Strength Chart [TORYS]](https://s3.tradingview.com/l/lOTCl2fI_mid.png "Ku-Chart / Currency Strength Chart [TORYS]")
