Many know of the VIX for equity trading. Yet, many are unaware that there is the same kind of volatility measure for trading bonds, called the MOVE Index. "The Merrill Lynch Option Volatility Estimate (MOVE) Index is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options which are weighted on the 2, 5, 10, and 30 year...
+ %B is, at its simplest, the classic Bollinger Bands %B indicator with a few added bells and whistles. However, the right combination of bells and whistles will often improve and make a more adaptable indicator. Classically, Bollinger Bands %B is an indicator that measures volatility, and the momentum and strength of a trend, and/or price movements. It shows...
This indicator consists of two lines. One is a gray line (USD) and the asset indicator is green or red. The basis of this indicator is the true strength indicator (TSI) with parameters 5,15. Both line sets are based on a TSI (5,15). The lookback period is for new highs / new lows. Default value is 200 periods. GREEN/RED LINE The first that is green and red is...
Uses the difference between two PMA (Moving Average Periodical) indicators to create an oscillator. Useful for visualizing daily/weekly cycles, strength and potential momentum. The defaults are 2 days (fast) and 5 days (slow).
This is the Strategy version of the Study I published. It is a Moving Average that can be applied to any plot to plot divergences on any oscillator, as well as perform backtesting. You'll need a REALLY good oscillator to perform live trades using this alone, but I think it is a valuable tool and had the Strategy hanging around and for some reason didn't upload it...
This is a simple mod of the Uber Oscillator with more periods added to the mix and combined with a the Tradingview Divergence spotter. Compare it to the standard Ultimate Oscillator and see the difference. Good to even overlay them even. It basically just adds more detail. You won't always need it but sometimes it can catch big drops/peaks earlier then the...
This is a mod of Tistas mod of the default RSI divergences. www.tradingview.com This is a SMA that can be applied to any indicator for divergence seeking. This can be useful if you use a custom indicator script and want divergences added, or for any oscillator really. Set the length to 1 and it will mirror the oscillator in question.
This indicator uses the cyclic smoothed Relative Strength Index (cRSI) instead of the traditional Relative Strength Index (RSI). See below for more info on the benefits to the cRSI. My key contributions 1) A Weighted Moving Average (WMA) to track the general trend of the cRSI signal. This is very helpful in determining when the equity switches from bullish...
Divergence Template! This public indicator helps you to find as many divergences with as many indicators you like, without the long hassle of knowing and coding the divergence yourself. Just replace the "Divergence Condition" with your formula and give it a title in the second step, everything simply illustrated to someone without any coding experience!...
█ OVERVIEW Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
Composite Index by Constance Brown mixed with built-ins Divergence Indicator useful indicator to find divergence this script find divergence automatically for you
This is a formula Ms Brown developed to identify divergence failures with in the RSI . This also highlights the horizontal support levels with in the indicator area. The Composite Index study comprises 2 momentum indicators on the RSI which are smoothed using a moving average. Control of the upper and lower indicators can be used to adjust the periods represented...
This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences. I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences. I did...
Updated an existing Divergent Bar script to be able to show all divergent bars. There are 2 set of divergent bars that can be turned on. The original one based on price and alligator lines, and a new second one that shows ALL divergent bars. The second set has lighter lines and colors to differentiate them from the filtered alligator divergent bars.
A truly time based indicator to check the strength of the asset based on "Time". The main idea came to my mind about 2 years ago, When i was counting the candles in an impulse move and comparing it to number of retracement candles . So i got a period (13 for example) and checked the price change between the 13 candles, Then the space between those two...
Oscillators are widely used in technical analysis and can return a large amount of information to the trader depending on their design. It is common to use oscillators to detect divergences with the price, divergences occur when the tops/bottoms made by the oscillator and price are negatively correlated. The following oscillator is based on the momentum of a...
This is a conceptual indicator that converts the main chart series' quote currency from U.S. dollar to Turkish Lira. Should only be used with USD pairs unless you change the 'Pair' input. Divergences are created by the difference in price due to the incredible changes in TRY value. The candle colors turn to grey when the forex exchange is closed; this is done to...