This indicator shows a histogram of the RSI in relation to an ema of the RSI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI line with oversold/overbought indication can be displayed or omitted, as preferred.
In addiction to the RSI line or as an alternative to it, the background colour can be set to change folowing the RSI...
The price always returns to the average !!!
An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is...
//Channel Commodity Index (CCI) with overbought and oversold alert features! Highly configurable indicator that includes a Topography map feature, used to detect & show minute threshold crosses.
//CCI is a momentum based technical trading tool used to help determine when an asset is reaching an overbought or oversold condition and is...
Are you a BEAR?
Then get out of here!
This indicator is only for long movements, its reading is simple and if you use it correctly it will give you very good results, the components are:
The highest quality configuration is as follows:
It is not necessary that all the...
This indicator was originally developed by Daniel Fernandez (Currency Trader magazine, 2011).
It is based on the two well-known indicators by Dr. Alexander Elder - Bulls Power and Bears Power.
1) Long when Bull and Total lines indicate 100 (it happens rarely)
2) Short when Bear and Total lines indicate 100 (it happens rarely)
The Market Mode indicator seeks to identify trends and rebounds by identifying “phases” according to the principles of John Ehlers.
- When the oscillator passes above the top line, the market is in an uptrend.
- When the oscillator goes below the bottom line, the market is in a downtrend.
- Between these two levels, the market is calmer and could rebound in the...
Based on logic from many top contributors here, the script utilizes LazyBear's WaveTrend Oscillator Indicator along with custom code to plot a few key components for daily trading;
Boundaries for entry and exit points which are based on a 6-day trend in OPEN/HIGH and OPEN/LOW prices.
Daily HIGH and LOW points to establish a good view of stock's movements
This indicator was originally developed by Stephen J. Klinger (Stocks & Commodities, V.15:12 (December, 1997): "Identifying Trends with Volume Analysis").
NOTE : this is the only correct version of Klinger Volume Oscillator in the public library.
Like and follow for more open source indicators!
Are you a bear ? RUN!! RUN!! Your life is short here!
Dear friends, I bring you this indicator that you will like, no complexity, just buy signals.
We will try to find possible turning areas, and you will have 6 weapons to use.
Look at the simple configuration:
- Minimum Level
BOMB = high...
This indicator looks for cracks (de-correlation of 2 indicators), what you have to do is simple, first look at the trend in a higher frame, there are many indicators for this, then look for cracks as wide as possible (you can configure the size in the configuration) and that they are not close to important supports / resistances. This indicator can be very useful...
Simple strategy for the indicator "Death To The Bear".
- Entry according to the selected weapons.
- Take profit 1 (TP1) in% of daily ATR (can be set, default 20%)
- Active Stop in Breakeven when I take profit in TP1.
- Take profit 2 (TP1) in% of daily ATR (can be set, default 30%)
This gives to you buy-sell signal with MACD's histogram trends.
Use "Fast and Slow length" and "Trend of Histogram Number" inputs to take less or more signal.
"Trend of Histogram Number" : This means how many histogram bars the trend continues before trading.
Combo of many useful indicators modified to suit dark theme, contains
1)Regular and Hidden Divergence Buy and Sell signals by scarf
2)Time and Money channels by Lazybear
3)Fibonacci Bollinger Bands by Rashad
4)Linear Regression Curve by ucsgears
Thanks for all the creators for the source codes!
Donchian Channels mean reversion signals/alerts with RSI filtering with signals applied to the mean, for strong trend situations.
Original Author: ChrisMoody
Modified Donchonian Channel with separate adjustments for upper and lower levels
Purpose is if you expect big move up, Use lower input example 3 or 4, and longer lower input, 40 - 100 and use lower input...
The PSO is a rewired version of a short-period stochastic. Unlike a standard stochastic oscillator, this indicator is normalized to register neutral values at zero while providing greater sensitivity to short-term price moves. This indicator uses a central zero line as a reference point and will oscillate above and below this point as price fluctuates. In...