Script for calculating the cumulative RSI for 8 popular forex currencies.
Compare the relative strength (RSI) of 8 popular forex currencies, GBP, JPY, EUR, USD, CHF, CAD, NZD, AUD. Adjust the RSI period, default 7. Red: GBP Green: JPY Blue: EUR Black: USD Orange: CAD Yellow: CHF Purple: NZD Teal: AUD
This currency strength indicator displays the strength for the displayed currency pair only. The following currencies are supported: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD Base currency is indicated by a blue line. Counter currency by a green line. Double click on a line to open the settings window to change line colors or the possition of the dashed lines.
Compares a stock's relative strength against Malaysia market index (KLCI)
Updated work in progress. Will post more notes as I tune the criteria. Enjoy
The strength of a stock relative to the S&P 500 is key part of most traders decision making process. Hence the default reference security is SPY, the most commonly trades S&P 500 ETF. Most profitable traders buy stocks that are showing persistence intermediate strength verses the S&P as this has been shown to work. Hence the default period is 63 days or 3 months.
Added NZD Index and 50% level for more informations contact me at abdel.akrim@gmail.com.
Checks the correlation between 10 of the Major Currency pairs. Currency pairs includes: EURUSD, AUDJPY, AUDUSD, EURGBP, EURJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY.
Uses Exponential Moving Average to compare the strength relationship between the currencies.
Relative Strength Line compares equity's price performance with S&P 500 (default). The indicator will retrieve current equity value comparing it with S&P 500 equivalent time frame. S&P 500 is set as the default index for comparison. This value can be change to any equity available in the market, located at the format settings of the indicator.
Version IV of the SCSM, this time thanks to @SAACI I learned more about the financial markets and some math stuff. This time I switched the formula a bit to use Zscores: (close-sma(close,shortma))/stdev(close,dev) This creates a nice oscillator like view, if you overlay TWO of them, one longer and one shorter you can get almost perfect absolute highs and...
Use this indicator to compare how security is performing in compare with preferred index (SPX by default). > 0 outperforming < 0 underperforming Works best for weekly, but can be applied to monthly and daily charts. It will be rather useless to use it in smaller timeframes Apply it to SPX, industry index, sector index or other security in similar sector
Buy and sell pressure indicator, according to MY opinion of AI Brooks Price Action method (in particular the concept of buy and sell pressure that it presents). As I have some difficulty in analysing the pressure from the context shown in the graphic, I have created an indicator that counts the bodies (and trend-favouring shadows) of the last bars, in order to...
Simply plots the close to close performance of your instrument vs SPX below your main chart Offers further SMA of EMA of such relative performance to get a better idea of the relative strength against the major market
The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE). Once the wave has been established the volume can also be calculated. Please see code for the JSE Wyckoff Wave Volume which goes with this indicator. The Wave presents a...
An AsYouWish component of Inigo Montoya's Quest, dynamic strategy. This is not a stand alone indicator. It is instead designed/skewed to provide RSI-based trade recommendations, immediately following a reversal stop-out. It's suitable for any time frame, from 1 minute to 1+day bars.