TradeMaster OscillatorTrading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. To address this, we present a powerful indicator package designed to assist traders on their journey to success.
The TradeMaster indicator package encompasses a variety of trading strategies, including the SMC (Supply, Demand, and Price Action) approach, along with many other techniques. By leveraging concepts such as price action trading, support and resistance analysis, supply and demand dynamics, these indicators empower traders to analyze entry and exit positions with precision. Unlike other forms of technical analysis that produce values or plots based on historical price data, Price Action brings you the facts straight from the source - the current price movements.
The indicator package consists of three powerful indicators that can be used individually or together to maximize trading effectiveness.
⭐ About the Oscillator Indicator
The Oscillator is an innovative and robust tool that encapsulates the principles of multiple technical analysis methodologies to enrich your trading strategy. By leveraging the combination of our six unique indicators, it can provide a comprehensive and multi-dimensional view of market dynamics.
👉 Usage - the general approach:
Utilize the Oscillator Indicator as a confirmational tool. The Oscillator acts as a tool to validate ideas and strategies. By analyzing the oscillator's readings, you gain additional insights into market momentum, overbought or oversold conditions, and potential trend reversals. This confirmation step helps you avoid false signals and make more informed trading choices.
👉 We are focusing on the default setting of the TradeMaster Oscillator, which incorporates the Global RSI* as main oscillator and Local RSI* as confirmational oscillator. This base configuration can be custom-tailored to your preference, leveraging the additional combination of our six unique indicators.
Understand the difference between Global and Local RSI: The Global RSI represents broad relative strength, while the Local RSI describes the relative strength within wider movements. It's like having both a macro and micro view of relative strength.
Identify extreme values in Local RSI: Look for extremes in the Local RSI (overbought/oversold in Stochastic RSI). These often indicate a turning point in the RSI, which naturally reflects in the price. The Local RSI extremes are shown as dots outside the Global RSI bands in a "heatmap" style.
Smooth your RSI: You have the option to smooth your RSI with your preferred smoothing method (SMA , SMMA, EMA, DEMA, TEMA, LSMA, HMA, VWMA, WMA) and length.
Please bear in mind that high smoothing values can make the standard RSI extremes (>70 or <30) suboptimal or even useless. To address this potential problem, Adaptive levels were introduced.
Adaptive key levels for more relevant extremes: enabling Adaptive levels recalibrates extremes based on the historical RSI turning points (typical median turning points), providing much more relevant reference points for overbought/oversold states in both Global and Local RSI. This function can be used without smoothing but rarely provides significant difference unless you experiment with the length of RSI calculation.
Incorporate multiple indicators: besides Global and Local RSI, you can display six different proprietary indicators in the main oscillator theme. By choosing from these, you can apply the confirming condition as well. These include Sentiment (Fear and greed), Momentum, Trend Strength, Volume, and Volatility. These indicators use our TRMA** method to provide a comprehensive overview of market dynamics.
Choose your Global RSI display style: the Global RSI can be represented in candle, bar, line or ribbon form. Candles and bars can be useful for detecting rejections of relative strength (wicks), similar to OHLC data. Sometimes there are "hidden rejections" visible in relative strength but not in OHLC data, which naturally presents an advantage.
Customize the colors: All colors can be adjusted from the input menu to suit your preferences. This personalization allows you to make the Oscillator clear and intuitive for your individual trading style as possible.
Monitor Real-time Indicator values: In the bottom right corner, you can view real-time color-coded indicator values. This feature gives you the ability to quickly assess the market's current conditions without needing to navigate away from the chart.
Use multiple indicators in conjunction: while each indicator within the Oscillator provides valuable insights, their true power lies in their combination. Identify alignment among indicators to validate potential trades. For instance, when a bullish sentiment indication aligns with a low volatility reading, it may suggest a favorable buying opportunity.
Consider the market context: while the Oscillator provides a robust set of tools, always consider other aspects of the market environment. Use the oscillator in conjunction with other technical, fundamental, or sentiment analysis methods to develop a comprehensive trading strategy.
🛑 Remember, the oscillator should be used as a confirmational tool in your overall trading strategy. Make reasonable use of all its features, and always keep risk management principles in mind.
* By default, these are fine-tuned RSI and Stochastic RSI indicators.
** TRMA (Trend Rainbow Moving Averages) is a complex but customizable moving average matrix calculation that is designed to accurately measure market trend direction, strength and shifting.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
MOM
Filtered Momentum Indicator (FMI)The Filtered Momentum Indicator (FMI) is a tool created to assist traders in identifying changes in momentum and gaining insights into potential shifts in price trends. By combining the concepts of momentum and Bollinger Bands, the FMI offers a unique perspective on momentum values and their relationship to price movements, helping traders make informed trading decisions. The FMI is calculated using two main components:
-- Momentum Calculation : Momentum measures the strength and velocity of price changes. It is calculated by comparing the current price to the price 14 (default) periods ago and expressing it as a percentage.
-- Bollinger Bands Calculation : Bollinger Bands are based on the momentum values and provide a range within which the momentum is expected to fluctuate. The upper and lower bands are determined using a specified period (default of 20) and deviations (default of 2.0).
The FMI consists of two lines : F+ (Filtered Plus) and F- (Filtered Minus). These lines help gauge the strength of bullish and bearish momentum:
-- F+ represents the difference between the upper Bollinger Band and the momentum values. It indicates the strength of bullish momentum. F+ is colored aqua.
-- F- represents the difference between the momentum values and the lower Bollinger Band. It indicates the strength of bearish momentum. F- is colored yellow.
When analyzing the FMI, pay attention to the relationship between F+ and F-:
-- If F- is greater than F+ , it suggests potential bullish momentum, indicating that prices may have room to rise.
-- If F+ is greater than F- , it suggests potential bearish momentum, indicating that prices may have room to decline.
Coloration of the FMI enhances its interpretability - when F- is greater than F+, the indicator color is set to lime (green), signaling potential bullish momentum; when F+ is greater than F-, the indicator color is set to fuchsia (purple), signaling potential bearish momentum.
The FMI can be applied in various ways for trading strategies:
-- Identifying Potential Reversals : Watch for crossovers between the F- and F+ lines, as they may indicate a potential shift in momentum and offer opportunities to enter or exit trades.
-- Confirmation Tool : Combine the FMI with other technical indicators or price patterns to validate potential trend reversals or continuations. By aligning signals from different indicators, you can strengthen your trading decisions.
-- Trade Timing : Consider taking trades in the direction of the dominant FMI color. When the indicator shows strong bullish momentum (F- > F+), consider going long. Conversely, when it shows strong bearish momentum (F+ > F-), consider going short.
It is essential to be aware of the limitations of the FMI:
-- False Signals : The FMI, like any indicator, may generate false signals, especially during low volatility or choppy market conditions. Always use the FMI in conjunction with other analysis techniques for confirmation.
-- Lagging Nature : The FMI relies on historical price data, causing it to lag behind sudden market moves. Keep in mind that the FMI provides insights based on past momentum and may not capture immediate changes in market conditions.
By combining momentum and Bollinger Bands, this indicator provides a unique perspective for making informed trading decisions. Utilize the FMI in conjunction with other analysis techniques, considering its limitations, to enhance your trading strategy and improve decision-making.
YoY or MoM ReturnsThis script is a technical indicator that calculates the year-over-year (YoY) or month-over-month (MoM) returns of a security.
The returns are then plotted on a chart, with positive returns colored in green and negative returns colored in red.
Effortless ContinuationIntroduction:
The Effortless Continuation Indicator is a technical analysis tool designed for traders to identify potential buy and sell signals in the market. This indicator combines three popular technical indicators - Moving Average Convergence Divergence (MACD), Triple Exponential Moving Average (TEMA), and Double Exponential Moving Average (DEMA) - to generate buy and sell signals. It is suitable for use on any time frame, from intraday trading to swing trading and longer-term investing.
Indicator Components:
The indicator comprises of three main components: MACD, TEMA, and DEMA.
Moving Average Convergence Divergence (MACD):
The MACD is a momentum indicator that measures the difference between two moving averages of the price of an asset. It is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The MACD line is used to identify changes in momentum, trends, and potential buy and sell signals.
Triple Exponential Moving Average (TEMA):
The TEMA is a type of Moving Average that takes multiple EMA values and applies a triple smoothing to them. This allows the TEMA to react more quickly to changes in price trends than traditional moving averages. The TEMA line is used as an additional confirmation for potential buy and sell signals.
Double Exponential Moving Average (DEMA):
The DEMA is similar to the TEMA but applies double smoothing to the EMA values. It is used as a signal line to confirm buy and sell signals generated by the MACD and TEMA.
Signal Generation:
The Effortless Continuation Indicator generates buy and sell signals based on the crossover and crossunder of the MACD and DEMA lines, as well as the price being above or below the TEMA line. Long signals are generated when the MACD crosses above the DEMA and the price is above the TEMA. Short signals are generated when the MACD crosses below the DEMA and the price is below the TEMA.
Chop Sensitivity:
The indicator has a user-adjustable "Chop Sensitivity" setting, which allows traders to adjust the ATR sensitivity for long and short signals. ATR is a volatility indicator that measures the average range of price movements over a given period of time. The default value is set to 0.5 ATR, which means that long and short signals will not be generated if the price is within 0.5 ATR of the TEMA.
Alerts:
The Effortless Continuation Indicator has built-in alerts for both long and short signals. It also includes a single alert that will trigger for both long and short signals. This allows traders to stay informed of potential trading opportunities even when they are not actively monitoring the markets.
Conclusion:
The Effortless Continuation Indicator is a powerful technical analysis tool that can help traders identify potential buy and sell signals in the market. It is easy to use and can be customized to suit individual trading styles and preferences. It is important to note that this indicator does not predict the market, but rather provides potential signals that should be confirmed with additional technical and fundamental analysis. With its advanced signal generation and alert features, the Effortless Continuation Indicator can be a valuable addition to any trader's toolbox.
Volatility Adjusted MomentumIt's a script that computes volatility-adjusted momentum indicators.
The problem with the momentum indicator is that it's absolute and it's hard to interpret its value. For example, if you'll change the timeframe or instrument value of Momentum will be very different.
We tried to solve that by expressing momentum in volatility. This way you can easier spot overbought/oversold values.
You can choose to use Standard Deviation or ATR for adjustments.
Thanks to @MUQWISHI for helping me code it.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Smoother Momentum MACD w/ DSL [Loxx]Smoother Momentum MACD w/ DSL uses two different EMA calculations to derive momentum and then calculates the MACD between those momentum outputs. This indicator uses a variation of Discontinued Signal Lines for the breakout/breakdown/reversal signals . There are three different signal types: middle, levels, and slope. I've also added alerts and signals. The discontinued signal lines can be smoothed using EMA or Fast EMA.
What are DSL Discontinued Signal Line?
A lot of indicators are using signal lines in order to determine the trend (or some desired state of the indicator) easier. The idea of the signal line is easy : comparing the value to it's smoothed (slightly lagging) state, the idea of current momentum/state is made.
Discontinued signal line is inheriting that simple signal line idea and it is extending it : instead of having one signal line, more lines depending on the current value of the indicator.
"Signal" line is calculated the following way :
When a certain level is crossed into the desired direction, the EMA of that value is calculated for the desired signal line
When that level is crossed into the opposite direction, the previous "signal" line value is simply "inherited" and it becomes a kind of a level
This way it becomes a combination of signal lines and levels that are trying to combine both the good from both methods.
In simple terms, DSL uses the concept of a signal line and betters it by inheriting the previous signal line's value & makes it a level.
Included:
Loxx's Expanded Source Types
Alerts
Signals
Bar coloring
Other momentum indicators
CFB-Adaptive Velocity Histogram
Variety-Filtered, Squeeze Moving Averages
William Blau Ergodic Tick Volume Indicator (TVI)
Dynamic Zones Polychromatic Momentum Candles [Loxx]Dynamic Zones Polychromatic Momentum Candles is a candle coloring, momentum indicator that uses Jurik Filtering and Dynamic Zones to calculate the monochromatic color between two colors.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
What are Dynamic Zones?
As explained in "Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph .D., and David Stendahl"
Most indicators use a fixed zone for buy and sell signals. Here’ s a concept based on zones that are responsive to past levels of the indicator.
One approach to active investing employs the use of oscillators to exploit tradable market trends. This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading lev- els. However, these oscillator- driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem.
Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system.
An indicator’s extreme levels can be quantified using statistical methods. These extreme levels are calculated for a certain period and serve as the buy and sell zones for a trading system. The repetition of this statistical process for every value of the indicator creates values that become the dynamic zones. The zones are calculated in such a way that the probability of the indicator value rising above, or falling below, the dynamic zones is equal to a given probability input set by the trader.
To better understand dynamic zones, let's first describe them mathematically and then explain their use. The dynamic zones definition:
Find V such that:
For dynamic zone buy: P{X <= V}=P1
For dynamic zone sell: P{X >= V}=P2
where P1 and P2 are the probabilities set by the trader, X is the value of the indicator for the selected period and V represents the value of the dynamic zone.
The probability input P1 and P2 can be adjusted by the trader to encompass as much or as little data as the trader would like. The smaller the probability, the fewer data values above and below the dynamic zones. This translates into a wider range between the buy and sell zones. If a 10% probability is used for P1 and P2, only those data values that make up the top 10% and bottom 10% for an indicator are used in the construction of the zones. Of the values, 80% will fall between the two extreme levels. Because dynamic zone levels are penetrated so infrequently, when this happens, traders know that the market has truly moved into overbought or oversold territory.
Calculating the Dynamic Zones
The algorithm for the dynamic zones is a series of steps. First, decide the value of the lookback period t. Next, decide the value of the probability Pbuy for buy zone and value of the probability Psell for the sell zone.
For i=1, to the last lookback period, build the distribution f(x) of the price during the lookback period i. Then find the value Vi1 such that the probability of the price less than or equal to Vi1 during the lookback period i is equal to Pbuy. Find the value Vi2 such that the probability of the price greater or equal to Vi2 during the lookback period i is equal to Psell. The sequence of Vi1 for all periods gives the buy zone. The sequence of Vi2 for all periods gives the sell zone.
In the algorithm description, we have: Build the distribution f(x) of the price during the lookback period i. The distribution here is empirical namely, how many times a given value of x appeared during the lookback period. The problem is to find such x that the probability of a price being greater or equal to x will be equal to a probability selected by the user. Probability is the area under the distribution curve. The task is to find such value of x that the area under the distribution curve to the right of x will be equal to the probability selected by the user. That x is the dynamic zone.
Included
Loxx's Expanded Source Types
Momentum Scalping & Swing Signals With AlertsThis Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction.
To get an easier to read momentum indicator, I smoothed the momentum out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends.
***HOW TO USE***
Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average.
Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average.
***DETAILS***
This indicator gives early reversal signals very well and waiting for the momentum ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise.
The ribbon and background will change to green or red depending on whether it is currently bullish or bearish.
There is also a label that changes colors and tells you if momentum is bullish or bearish and also whether the momentum ribbon is above or below the long moving average.
Green or red circles will appear on the indicator when there is a bullish or bearish cross of the momentum ribbon and the long moving average.
It includes alerts that trigger when momentum is turning bullish/bearish or when the momentum ribbon is crossing the long moving average.
***CUSTOMIZATION***
Each piece of this indicator can be customized to suit your preferences including the momentum source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This Momentum Scalping & Swing Signals indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and RSI Scalper in combination with this momentum indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
MFI + RSI + MOM With Bull & Bear Trend LabelMOMENTUM + MONEY FLOW INDEX + RELATIVE STRENGTH INDEX WITH BULL & BEAR LABELS
This is a combination of 3 popular indicators. Momentum(MOM), Money Flow Index(MFI) and Relative Strength Index(RSI) along with color changing labels that tell you each indicator's current trend.
The middle white line shows the level that each indicator needs to stay above to be bullish and below for bearish. Watch for all three indicators to cross and hold above or below the mid line for big moves.
It is important to note that these indicators do not need to be going up to be bullish or down to be bearish. They just need to hold above or below the mid line to understand the overall trend.
The momentum indicator is the most relevant in my opinion. If it is holding above the mid line steadily, usually the overall trend will continue upwards so look to buy the dips if the momentum cloud is staying above the white line and vice versa.
It is also important to note that the default settings for this indicator are the 100 period as I find it to be super relevant across most charts but these numbers can be changed in the indicator settings.
Since momentum swings wildly past the normal 0-100 range, it is important to note that the momentum line has been “normalized” to stay within this same range as the rsi and mfi. So if you look at a normal momentum indicator side by side with this indicator it will not look the same however, I find it to be a very good indicator of overall direction so I know the current market sentiment even when price is diverging from the indicator directions.
All of the colors, sources and lengths can be easily customized in the indicator settings input tab.
***HOW TO USE***
When Momentum is above the mid line, it is bullish. When Momentum is below the mid line, it is bearish.
A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend.
When RSI is above the mid line, it is bullish. When Momentum is below the mid line it is bearish.
A label on the right side will update in real time to tell you if RSI is Bullish or Bearish for faster recognition of the trend.
When MFI is above the mid line, it is bullish. When MFI is below the mid line it is bearish.
A label on the right side will update in real time to tell you if MFI is Bullish or Bearish for faster recognition of the trend.
This indicator was built to help you quickly identify the Bullish or Bearish nature of the current trend with a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This mom + mfi + rsi indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
NeverBot Basic Momentum ShiftNeverBots Basic Momentum Shift Script
This script is a basic up/down indicator to tell you which way momentum has shifted, this should be used as part of another system to add confluence to your already existing long or short thesis. Uses a simple algebraic equation to define the momentum and when up or down has shifted above/below the other.
Combine this with an MA strategy to get entries for a good hit rate. Typically used for intraday but you can still use this as an indicator for higher time frames.
Crypto is very volatile and momentum can shift within a few minutes which is why you will see some failed signals, but typically it works very well for catching the big moves in crypto as momentum becomes very strong due to FOMO etc..
Support and Resistance Levels (v.3)Support and Resistance Levels augmanted and reprocessed
Description:
This is an augmented version of my earlier script that can be found here:
This time it features zigzag and channel lines, signal generation and filtering and performance testing. Signal generation and filtering procedures are used only for performance testing, not for the actual labelling. The labelling is governed by zigzag logic.
Machine Learning: kNN-based Strategy (update)kNN-based Strategy (FX and Crypto)
Description:
This update to the popular kNN-based strategy features:
improvements in the business logic,
an adjustible k value for the kNN model,
one more feature (MOM),
a streamlined signal filter and
some other minor fixes.
Now this script works in all timeframes !
I intentionally decided to publish this script separately
in order for the users to see the differences.
[RS]Standardized Trend Mapnothing excessively new here..
a map of standardized trend over multiple lengths, extra parameter for smoothing the input source(close) will remove noise.
MACD Divergence +This study plots MACD Divergences and has the option of plotting a Top Dog Trading - MOM and DAD Version of the MACD
MACD Histogram and outline change color when increasing or decreasing above or below the zero-line,
Background also changes color according to MACD Line cross of Signal Line and 0 line or The Direction of DAD
Plenty of Alerts so that you dont have to stare at the screen all day
Ehlers Triple Delay-Line DetrenderThis indicator was originally developed by John F. Ehlers (Stocks & Commodities , V.18:7 (July, 2000): "Optimal Detrending").
Mr. Ehlers applied the ideas of the radar systems for the financial time series detrending.
Mr. Ehlers constructed the Triple Delay-Line Canceller first, then smoothed it with the Modified Optimum Elliptic Filter with minimal lag. The smoothed detrended signal is smoothed again with the Modified Optimum Elliptic Filter to obtain signal line.
As result, the crossings of the two indicator lines catch every major cyclic move and the detrender itself can be used as the first step in more sophisticated analyses.
Relative Strength IndexEvery developer must create his own Relative Strength Index with midline and other features).
In addition to the midline, highlighting and levels customization I give you ability to play with non-standard sources like On Balance Volume.
If someone doesn't know what is this:
This indicator was originally developed by J. Welles Wilder and was described in his book "New Concepts in Technical Trading Systems" (1978). It is intended to measure the strength or weakness of an instrument for the specified period.
RSI is a momentum oscillator and can have a reading from 0 to 100. The values of 70 or above indicate that an instrument is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. The values of 30 or below indicates an oversold or undervalued condition.
The other significant signals are divergences with price and middle line crossovers. RSI if one the most used indicators on the planet.
Enjoy and good luck!
VelocityI was wondering how Jurik's Velocity works and after some time I created a little bit different Velocity.
What is this?
Everybody heard about the momentum indicator. The classic momentum shows the difference between the current price and the price N periods ago. How far in the past the comparison is made is up to the trader.
When the indicator reaches extremely high (low) values and then turns in the opposite direction it can be considered a sell (buy) signal. Sometimes it is better than waiting for the 0-line crossovers. Another way is to use the indicator to find out divergences with the price.
What's wrong with it?
The classical momentum indicator produces many misleading values and false signals due to its jagged nature. To remove noise and smooth out its line users apply the different moving averages. No matter how cool is your average - you always add a lag. And the lag will seriously decrease the performance of the momentum indicator.
All of this can be avoided using a special smoothing technique.
Settings
Period (default: 30 )
Price Source (default: hlc3 )
Peaks Highlighting (default: false )
Velocity with peaks highlighting
NOTE : This is not Bullish/Bearish Phases . Phases is a pure volume-based indicator and doesn't use the price to measure the dominance.
I attached some screenshots to show you how it works with other instruments so, you can compare it with Jurik' Velocity.
Good luck!
[RESEARCH] MomentumHello traders and developers!
I compared different techniques to get momentum of the series.
The 4 samples are:
1) Raw difference between price and price some bars ago
2) Built-in "change" function
3) Built-in "mom" function
4) Jedi's momentum - difference between current and previous SMA multiplied by it's period
All results are identical.
So, we have two built-in functions that do the same thing: "change" and "mom". For brevity it is better to use "mom" when you need to get momentum of the series.
Good luck!
🥢Crypto-Sticks: Momentum 1.0 by Cryptorthyhms🥢 Crypto-Sticks™ Momentum
A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites!
🚀 Indicator Specific Info
Momentum can be a tricky indicator sometimes. Since it doesnt go into predictable overbought or oversold zones, it rather just oscillates around zero - making it harder to create a signals strategy. On the default view I tend to look for 2 candle "flat tops" and "flat bottoms" with one or both containing a decent wick.
Heiken Ashi candles adds some more clear entry exit points which can be executed at the second candle going in either direction (applicable only to this chart on 4H - other coins/charts will require their own strategy). For instance, enter on 2nd green, exit on 2nd red.
Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. Please leave me any ideas or feedback you have!
🚫If using HA or VW+HA, the strategy about "flat candles" doesnt apply anymore.
🚀 Crypto-Sticks General Info
💭This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).
📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. Here's how it looks as Heiken Ashi:
🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise. Here is Volume Weighted + Heiken Ashi:
👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.
💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Phase Change IndexPhase Change Index script.
This indicator was developed and described by M. H. Pee (Stocks & Commodities V.22:5 (28-37): Phase Change Index).
Other indicators of M. H. Pee:
Ehlers Smoothed Adaptive MomentumEhlers Smoothed Adaptive Momentum script.
This indicator was developed and described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures" (2004, Chapter 12: Adapting to the Trend).
AtraxaLooking for:
X - Momentum divergence
Y - RSI Divergence
Z - Stochastic oversold/overbought region
Filter some signals with cmf
Each overlap prints different combination example...
XY - Momentum + RSI
YZ - RSI + Stochastic
