Elder Ray Bull and Bear Power Oscillators
Tradingview Screener Bull Bear Power(BBPOWER)
The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are:
This indicator combines TRIX and MA of TRIX in one. You can choose which type of moving average line to be used (EMA or SMA).
Default values are 12 periods for TRIX and 10 periods for MA/TRIX, which helps better response to price movement.
This indicator can use in all markets, all timeframes. This is an update to my indicator, which is a protected script. You can...
Easy to use strategy test using MACD with RSI as a confirming indicator. The code is structured to make it easy to manipulate the variables to your choosing.
EASY TO CHANGE CODE VARIABLES
LINE 2 = Change the amount you invest every trade and the currency
LINE 8/9/10 = Change the defval of each of these...
This indicator tries to identify ranging and trending markets.
It measures the angle of a Moving Average in order to filter out ranging markets.
The idea is to only enter a trend following trade if the slope is steep enough.
In order to create this indicator, I used a strategy script from bennef called "Trend Angle BF" and slightly modified it to transform it...
Strategy based on code by @CredibleHulk so thanks for that.
This is a strategy for the Daily Bitcoin chart which uses the MACD, RSI, Stochastic RSI and a moving average.
The conditions for long or short signals depend on the indicators above crossing user-defined thresholds.
Long signal = (Stochastic RSI k value is below Stochastic Sell Threshold) AND EITHER...
This panel spots divergences of some well knonw indicators. It may be usefull because you have all indicators in one panel only.
Also, you can check on chart which indicator gives better results of each pair on stock or index or crypto.
TO DO: to add custom indicators.
thanks to: RicardoSantos for his script of panel coding
For all MACD enthusiasts out there, hot off the press, I present this next generation "Modified Stochastic MACD Oscillator" employing PSv4.0, originally formulated by Vitali Apirine for TASC - November 2019 Traders Tips. Just when you may have thought it was the end of the evolutionary line for MACD technology, it's not! Basically it's a NEW hybridization of a...
I like using both MACD and RSI for my strategies to confirm patterns, but I really only check RSI to see if it is outside of the normal range. So I rewrote the MACD indicator to color bars that are above or below the set RSI boundaries in a different color (yellow by default) so I can quickly check that parameter without needing both indicators up.
This is my...
Converted the B-Xtrender script from Puppytherapy into a strategy script.
B-Xtrender was created by Bharat Jhunjhunwal and published in this IFTA Journal.
I've added the following features:
Ability to use factors instead of individual values for each parameter. This will allow you to quickly check different averages (5 vs 7 for example).
Defaults adjusted for...
Oscillator plots cumulative volume with direction defined by price (positive price change = positive volume and vice versa) divided by volume sma.
It is good for divergence indication and can be used for trend change prediction.
It is faster then stoch with the same length.
Values above zero are considered bullish, and larger arrows print when the cross over occurs in the bullish area.
Values below zero are considered bearish, and larger arrows print when the cross under occurs in the bearish area.
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
This Study uses the Real Discrete Fourier Transform algorithm to generate 3 sinusoids possibly indicative of future price.
I got information about this RDFT algorithm from "The Scientist and Engineer's Guide to Digital Signal Processing" By Steven W. Smith, Ph.D.
It has not been tested thoroughly yet, but it seems that that the RDFT isn't suited for predicting...