The RVI is a modified form of the relative strength index (RSI). The original RSI calculation separates one-day net changes into positive closes and negative closes, then smoothes the data and normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same basic formula but substitutes the 10-day standard deviation of...
Recommended Source = close FastRSI = 2 SlowRSI = 14 How it works? DoubleRSI = (FastRSI + SlowRSI ) / 2 = blue line DoubleRSI > 80 = red bg color = sell? DoubleRSI < 20 = lime bg color = buy?
The RVI is a modified form of the relative strength index (RSI). The original RSI calculation separates one-day net changes into positive closes and negative closes, then smoothes the data and normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same basic formula but substitutes the 10-day standard deviation of...
Multiframe StochRSI. Useful to identify change in momentum inside a channel/consolidation patterns.
The Relative Momentum Index (RMI) was developed by Roger Altman. Impressed with the Relative Strength Index's sensitivity to the number of look-back periods, yet frustrated with it's inconsistent oscillation between defined overbought and oversold levels, Mr. Altman added a momentum component to the RSI. As mentioned, the RMI is a variation of the RSI...
This is my attempt at Hurst Exponent indicator. Above 0.5 is supposed to indicate a trend is present. Below 0.5 is noise. 0.5 is supposed to be Brownian Motion or regular market noise. If you have corrections to the code you want to share, please post it. I'm not an expert in math or coding, so this shouldn't be copied / ported. This code didn't work very...
The Relative Momentum Index (RMI) was developed by Roger Altman. Impressed with the Relative Strength Index's sensitivity to the number of look-back periods, yet frustrated with it's inconsistent oscillation between defined overbought and oversold levels, Mr. Altman added a momentum component to the RSI. As mentioned, the RMI is a variation of the RSI...
This is the same script as the built-in Ultimate Oscillator except it is calculated in log-space, which may help with some very high-volatility charts (the differences will be usually be very small though).
This script is very much beta! This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down...
Self explanatory... Shows the long / short ratio of trader's positioning in bitfinex exchange. The higher the ratio, it means there are more longs. The lower the ratio, the more shorts are currently being opened,.
Script based on True Strength Index (TSI) and RSI A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two...
The script shows arrows on bars that are in overbought or oversold, based on the set parameters of Relative Strength Index ( RSI ) and Relative Volatility Index (RVI). Also there is a universal allert, which includes both conditions - overbought and oversold. You can change the period of RSI and RVI, as well as the upper and lower boundaries of these indicators.
This back testing strategy generates a long trade at the Open of the following bar when the %K line crosses up UpBand line. It generates a short trade at the Open of the following bar when the %K line crosses down DownBand line. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
This strategy uses the RSI indicator together with the Bollinger Bands to go long when the price is below the lower Bollinger Band (and to close the long trade when this value is above the upper Bollinger band). This simple strategy only places a long, when both the RSI and the Bollinger Bands indicators are at the same time in a oversold condition. In this new...
This back testing strategy generates a long trade at the Open of the following bar when the %K line crosses up UpBand line. It generates a short trade at the Open of the following bar when the %K line crosses down DownBand line. WARNING: - This script to change bars colors.