The Stochastic Distance Indicator was created by Vitali Apirine (Stocks and Commodities Jun 2023 pgs 16-21), and this is a new method that measures the absolute distance between a price and its highest and lowest values over a long period. It uses the stochastic formula to create an oscillator using this distance value and smooths the value. Obviously, there is a...
The Risk-Adjusted Return Oscillator (RAR) is designed to aid traders in predicting future price action by analysing the risk-adjusted performance of an asset. This oscillator is displayed directly on the price chart, unlike other oscillators. By considering the risk-return relationship, the indicator helps identify periods of overvaluation or undervaluation,...
The "Output7" indicator is designed to guide traders in identifying potential buy and sell signals. This is achieved through the calculation of a custom indicator named `output7` and its derived moving averages. `output7` is defined as `c_1 - c_20 * (ohlcSq / hlSq)`. Here, `ohlcSq` stands for the square of the average of open, high, low, and close prices, while...
显示当前品种与BTC汇率对的RSI值 以此判断强势或弱势品种以及超买超卖 —————————— Display the RSI value of the exchange rate between the current variety and BTC Use this to determine strong or weak varieties, as well as overbought and oversold
The name RAM originated because of three popular technical indicators Relative Strength Index (RSI), Average True Range (ATR), and Moving average convergence/divergence were used all together to create three conditions individually first and once all three conditions meet at once then we considered a potential opportunity either for buy or sell and produce...
█ OVERVIEW The "SPX-40 % PMO Above Zero" script analyzes market breadth based on the percentage of stocks within the SPX-40 subset with a Positive Momentum Oscillator (PMO) value greater than or equal to zero. It provides insights into the strength and breadth of positive momentum signals, aiding traders in making informed decisions. █ CONCEPTS This script...
█ OVERVIEW The "Subsector-11 % PMO Above Zero" script analyzes market breadth based on the percentage of 11 user-adjustable subsector ETFs of the S&P 500 with a Positive Momentum Oscillator (PMO) value greater than or equal to zero. It provides insights into the strength and breadth of positive momentum signals within specific subsectors, aiding traders in making...
Understanding the Indicator: The indicator calculates the probabilities of upward and downward trends based on the percentage change in price over a specified lookback period. It displays these probabilities in a table and plots a histogram to represent the difference between the probabilities. The colors of the histogram bars indicate the trend direction and...
RSI Primed combines candlesticks, patterns, and the classic RSI indicator for advanced market trend indications Introduction Technical traders are always looking for innovative methods to pinpoint potential entry and exit points in the market. The RSI Prime indicator provides such traders with an enhanced view of market conditions by combining various...
Hello traders, today I'm going to share with you a strategy that I use very frequently. I wanted to share this strategy that I use in my manual trades by translating it into code. I'm sharing it with you with completely open source code. RSI of ROC: The indicator initially calculates RSI (Relative Strength Index) on ROC (Rate of Change). This is a method...
This script is an implementation of the stochastic relative strength index (STOCH RSI) indicator The script takes inputs from the length of the RSI, the source of the data, and parameters for the smoothing of the STOCH RSI. The STOCH RSI is calculated by first calculating the RSI of the chosen source data, then smoothing it with an exponential moving average....
These oscillators are a reinterpretation of some of the most famous indicators for traders, with the scope to provide higher accuracy and better readability. The improvements are based on both calculation and visual impact, with calculations incorporating not only price but also tick volume to enhance signal accuracy. All oscillators can be applied to different...
The Prime Oscillators Pro suite provides two unique oscillators that provide useful insights on divergences, overbought and over sold conditions, momentum reversals, confluence alerts, amongst a myriad of other features. The Trend Fusion Oscillator This oscillator uses an amalgamation of price and volume to give market participants useful insight into possible...
This indicator is designed to provide traders with insights into the relative strength of a security by incorporating volume-weighted elements, effectively combining the concepts of Relative Strength Index (RSI) and volume-weighted averages to generate meaningful trading signals. The indicator calculates the traditional RSI, which measures the speed and change of...
============ ENGLISH ============ - Description: This script is a modification of the Moving Average Convergence Divergence (MACD) of Thomas Aspray, and called as MACD-AS and you may get earlier signals than MACD. On this (my version) you have several extra elements and customization. Foremost (of course) you have the MACD-AS, which is the HISTOGRAM, also, it has...
Dear Tradingview community, I'd like to share one of my staple indicators with you. The volatility depth indicator calculates the volatility over a 7-day period and plots it on your chart. This indicator only works for the DAILY chart on BTC/USD. Colors I've color coded the indicator as follows: - Red: Extreme Volatility - Orange: High Volatility - Yellow:...
This is the second version of the indicator ‘Chuff by Monty’ we made a while back. This indicator uses multiple previously available indicators as well as some newly calculated scripts to provide information on chart that uses one indicator slot but is telling you more than what one indicator could’ve. The indicator also includes alerts which can be used to...
Similar to how a donchian% of channel helps to visualize trend and volatility, this tool helps identify those same characteristics, if the oscillator is generally above the 50 mark, it is considered to be trending upwards, and the reverse if it is generally bellow 50.