The Chop Zone script transforms traditional market trend analysis by leveraging the power of Exponential Moving Averages (EMAs) and their angles. Designed to identify market trends with a higher degree of accuracy, this script offers traders an innovative approach to detect uptrends, downtrends, and neutral market phases. 🔶 USAGE The indicator's core...
The Urika Directional Strength (UDS) indicator calculates and visualizes the strength of the directional trend in the price data. It helps traders see the strength and direction of the trend and allows them to make informed trading decisions based on trend changes. Calculation: The Simple Moving Average is used to determine the upper and lower directional...
🔵 Introduction Sometimes in analyzing price charts using indicators, you may observe a discrepancy. For instance, while the price of stocks, currencies, or commodities is increasing, the indicator shows a decrease. Such a phenomenon in technical analysis is termed "divergence." Divergences are categorized into three types based on their formation and the...
Title: MACD EMA/SMA Cross Alert Description: The "MACD EMA/SMA Cross Alert" is a comprehensive technical analysis tool designed for traders who seek to capitalize on trend reversals and momentum shifts in the market. This indicator combines the Moving Average Convergence Divergence (MACD) with Exponential Moving Averages (EMA) and a Simple Moving Average (SMA)...
DSP FILTRATION PRIMER: DSP (Digital Signal Processing) filtration plays a critical role with financial indication analysis, involving the application of digital filters to extract actionable insights from data. Its primary trading purpose is to distinguish and isolate relevant signals separate from market noise, allowing traders to enhance focus on underlying...
This indicator calculates and visualizes the Relative Smoothness (RS) and Relative Lag (RL) or call it accuracy of a selected moving average (MA) in comparison to the SMA of length 2 (the lowest possible length for a moving average and also the one closest to the price). Median RS (Relative Smoothness): Interpretation: The median RS represents the median value...
1 Day Timeframe Only The Bitcoin Pi Cycle Top Indicator has garnered attention for its historical effectiveness in identifying the timing of Bitcoin's market cycle peaks with remarkable precision, typically within a margin of 3 days. It utilizes a specific combination of moving averages—the 111-day moving average and a 2x multiple of the 350-day moving...
Hello Fellas, Here, I applied a special technique of John F. Ehlers to make lagging indicators leading. The T3 itself is usually not realling the classic lagging indicator, so it is not really needed, but I still publish this indicator to demonstrate this technique of Ehlers applied on a simple indicator. The indicator does not repaint. In the following picture...
Introducing the "Normal Weighted Average Price" (NWAP) by OmegaTools. This innovative script refines the traditional concept of VWAP by eliminating volume from the equation, offering a unique perspective on price movements and market trends. The NWAP script is meticulously crafted to provide traders with a straightforward yet powerful tool for analyzing price...
Introduction This indicator creates signals of interest for entering and exiting long and short positions on equities. It primarily uses up and down trends defined by the change in cumulative volume with some filtering provided by a short period exponential moving average (9 EMA by default). Settings Moving Average Period : The moving average over which...
This is an improved version of the trend following Williams Alligator, through the use of five Trend Regularity Adaptive Moving Averages (TRAMA) instead of three smoothed averages (SMMA). This indicator can double as a TRAMA Ribbon indicator by reducing the offset to zero. Whereas the active offset can double as a forecasting indicator for options and futures. ...
Pi-cycle Top Risk (PCTR) - The PCTR indicator uses divergence of the Pi-cycle top indicator display the risk that a macro top in Bitcoin (BTC) is near. The Pi-cycle top indicator is simply the cross of the 111-day moving average above a 2x multiple of the 350-day moving average of the BTC price. While there is no fundamental reasoning behind why this works, it has...
The indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect...
Ripster Trend Labels: This script provides labels indicating the trend and chop conditions in the market. It helps traders identify potential trading opportunities based on short-term trends. Its support my EMA Cloud System by providing labels on when Clouds turn bullish or bearish and also uses my concepts of Chop vs Trend based on premarket levels. What Does...
Why? Everybody, especially in Indian context, from 9:15 AM to 3:30 PM, wants to trade in BankNifty. And even 15m is Too Big timeframe for The Great Indian Options buyers. Everyone knows how potentially BankNifty (& FinNifty on Tuesday and Sensex on Friday) can show dance within 15m. So there always been an overarching longing among traders to have...
Fusion Traders - RSI Overbought/Oversold + Divergence Indicator - new version This indicator has lots of various add ons. RSI overbought / oversold with changeable inputs Divergence indicator DESCRIPTION: This script combines the Relative Strength Index ( RSI ), Moving Average and Divergence indicator to make a better decision when to enter or exit a trade. -...
The TrendFusion Pro (BETA) combines advanced trend analysis, dynamic RSI insights, and price target prediction in one comprehensive tool. Here's how to customize its settings to optimize your trading strategy: Candle Style: Options: Traditional Candle, Super Trend Heiken Ashi Candle Description: Select your preferred candle visualization. Traditional...