This indicator displays the RSI levels of two different timeframes defined by the user (default value are 5mins and 15mins) with the overbought (default 70) and oversold (default 30) levels.
function to calculate Chebyshev Inequality. wich can be used to compute the probability that we will diverge from what we expect to obtain.
reference:
- www.omnicalculator.com
- github.com
- statisticstopics.wordpress.com
- en.wikipedia.org
Seems that Mercury in extreme declinations above or below 21 tends to produce trend turning points. When the points where the declination reverse from maximum or minimum value are observed, could be noted that in BTCUSD it correlates quite close with trend turning points.
This financial astrology rule needs to be researched in different markets, if you find...
Level: 2
Background
@pips_v1 has proposed an interesting idea that is it possible to code an "Adaptive Jon Andersen R-Squared Indicator" where the length is determined by DCPeriod as calculated in Ehlers Sine Wave Indicator? I agree with him and starting to construct this indicator. After a study, I found "(blackcat) L2 Ehlers Autocorrelation Periodogram"...
Detect peaks (and valleys) after the indicator has broken out of horizontal bands.
The peaks (and valleys) are connected by lines and the final line is extended to the right.
This can be used with built-in indicator functions or with other chart indicators.
I'm a coder, not a trader. If you find a useful strategy based on my scripts, please drop me a line.
Due to some similarity of the Relative Strength Index(RSI) and Money Flow Index(MFI), I thought of creating a Stoch MFI inspired by the Stoch RSI.
- can be used similar to the Stoch RSI
- useful for pullback during trending markets and for S&R trading during ranging markets
TAYOR!
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused.
Level: 1
Background
The Triple Exponential Moving Average (TRIX) indicator is a strong technical analysis tool. It can help...
This is a test that offers insight into whether and asset is heading into bullish or bearish territory.
This indicator/test offers insight into the Exponential Moving Average's velocity and acceleration as well as the Stochastic RSI's velocity, acceleration and jerk. Included is a 'Stochastic Difference' and 'Stochastic Growth' indicators (commented out) that...
A detrended series that oscilates around zero is obtained after first differencing a time series (i.e. subtracting the closing price for a candle from the one immediately before, for example). Hypothetically, assuming that every detrended closing price is independent of each other (what might not be true!), these values will follow a normal distribution with mean...
I have attempted to modify existing RSI Model and add some more features to it. Below are the features.
DC High Line - Basis Donchian Channel concept i have added high line. Period can be selected in indicator options. Usage: Let's say i am tracking 90 day High period of RSI which will be shown with orange line on chart. If this orange line is breached it means...
Directional Movement Indicator:
+DI and -DI
I changed the color of the bar bars according to the crossed of +DI and -DI . It helps us to have an idea of whether the trend is continuing or not.
+DI crossover to -DI barcolor is Aqua, if not bar color is Red.
It also helps us to find the lowest and highest points of the graph according to the positions of Adx +DI...
It's said by financial astrologers that Moon in extreme declinations above or below 22, tends to produce more extreme effects of the Moon energy effects. My friend Peter advised that extreme declinations are very intense energy points and when the extreme is reached a reversal effect is expected. We are not quite sure if this rule is valid so this indicator is to...
⬤ INDICATOR KEY
⬤ INTRODUCTION
The indicator has presented as a table to show the perspective result of different indicators to help the user identify the status of the price if it’s extended or not. The table starts with the ATR section, which gives out a better look to compare the current day’s candle wide versus the average candle wide of a certain length...
This script is intended to print signals on the main price chart and send alerts when the RSI is overbought or oversold.
You can customize the source of the signal (open, close, etc), as well as oversold/overbought levels, and RSI length.
Level: 1
Background
The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES .
Function
This script fristly creates the coeffR function which is used to produced the R-Squared indicator. The coeffR function is used to calculate the correlation coefficient R. Once I have created and verified the coeffR...
Introducing, the Uber Dank CCI + Captain Beefheart Bollinger Bands Extraordinaire
Its bollinger bands, CCI and CCI Bollinger Bands all in one.
The color of the CCI shows the condition of the bollinger band on chart.
Close > upper band = red
Close > basis = yellow
Close < basis = blue
Close < lower band = green
Then a bollinger band is printed on the CCI...
![LTCUSDT: [blackcat] L2 Ehlers Adaptive Jon Andersen R-Squared Indicator](https://s3.tradingview.com/p/p7YCXC9u_mid.png "[blackcat] L2 Ehlers Adaptive Jon Andersen R-Squared Indicator")
![BTCUSDT: [blackcat] L1 New TRIX Scalper](https://s3.tradingview.com/l/l780lumv_mid.png "[blackcat] L1 New TRIX Scalper")
![NIFTY: [Mehrok]-Relative Strength Index](https://s3.tradingview.com/n/n3vR1Qym_mid.png "[Mehrok]-Relative Strength Index")
![BTCUSDT: [blackcat] L1 Jon Andersen R-Squared Indicator](https://s3.tradingview.com/s/So0S8BjA_mid.png "[blackcat] L1 Jon Andersen R-Squared Indicator")
