Nothing more than a graphical tweak for the integrated Directional movement index (DMI). The purpose is to make the reading of the DMI easier and more immediate. The area between DI+ and DI- is filled, and the indicator's range in divided into 4 sections, each of them representing a different price tendency: - When ADX line is inside the red colored area (0-25),...
there are better scripts out there similar to this but just testing out my pinescript skills am still new to scripting :)
Description: The concept of Relative Strength to Levy is based on the assumption that, securities which exhibited a large relative strength in the past will also develop relatively strongly in future, and conversely. It is compare on the performance of the past with the performance of last observation period. Calculation: Arithmetic mean of the candle closing...
BUY & SELL Signals for higher timeframes based on Ema & Sma with RSI overbought/oversold dots for possible reversal indication. It can be used for booking profit in the existing trade and take fresh position once the new candle breaks the high/low of alert candle depending upon the side. Best work with 1h+ timeframes.
My take on coding a Stochastic Indicator for professional use. Contains many options and settings for you to tweak, and can be used on different timeframes. I've also decided to make the code Open to all to use. But it would be great if you credit me when you use my code. :)
This script is a combination of the Average Directional Movement Index (ADX) help to determine the trend strength with a key level and Relative Strength Index is an oscillator that measures the speed and change of price movements.
This is a simple multi-resolution (multi-timeframe) RSI indicator that overlays the current chart to show labels for specified oversold and overbought areas defined with inputs. Up to 4 different resolutions/timeframes for their respective RSI (1,2,3, or 4). RSI1 is always enabled and can not be disabled. Red labels with white text represent overbought RSI...
This is the indicator version of RSI V Pattern strategy alertconditions added. Note: This beta version , I still need to fix the color for the Exit when trade is not in Long ...
Renko is a very useful charting method for analyzing stock movement. It does a great job of filtering out all the excess noise so that all we're left with is pure price action. But, what about time? Time is a fundamental part of chart analysis and we are only seeing part of the picture. After all, shouldn't we take a very different approach to trading signals from...
The Average Directional Movement Index (ADX) help to determine the trend strength with a key level.
Wave Period Oscillator developed by Akram El Sherbini Published in article Time Cycle Oscillators in IFTA Journal 2018 (page 66 - 77) read his article : ifta.org Entry Long - WPO cross above centerline (Zero Line) Exit Long - WPO cross below overbought level or cross below centerline(Zero Line) Entry Short - WPO cross below centerline (Zero Line) Exit...
Modified to code from @modhelius and added colors and histogram for easy reading...thanks to him... What is Relative Strength? Relative strength is a ratio of a stock price performance to a market average (index) performance. It is used in technical analysis. It is not to be confused with relative strength index. To calculate the relative strength of a...
The idea behind this indicator is to have an expression for the amount of divergence on a given chart at every point in time . To achieve this, it adds up the magnitudes any valid divergence of any kind; bullish, bearish or their hidden variants. Where a valid divergence consists of a line on the source series (almost always the closing price), and a line on...
A hybrid of linear regression and MACD crossing up or down of macd and signal shown by + either blue=up , down=orange macd >0 bullish =green macd<0 bearish =red setting can be change to optimise it
My attempt to replicate the functionality of the 'LT Gamma' based on information available in Alessio Rastani's videos. it would be best to watch one of Alessio's videos to get the full explanation of how to use the indicator but... I'll do my best to explain here. The RSIG is a combination of the RSI and my MT Goomba strength indicator. Info on how to use RSI...
This indicator has three moving parts. The first one is a culmination of four different exponential moving averages, the second one is stochastic and the third one is RSI with its EMA . The indicator combines different strategies pertinent to each moving part and provides a buy or sell signal accordingly.