Force Index is an oscillator. It combines volume with prices
to discover the force of bulls or bears behind every rally or decline.
It brings together three essential pieces of information the direction of price
change, its extent, and the volume during that change. It provides a practical way of
using volume for making trading decisions.
Force Index can be...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying
and selling pressure in the market. The Elder-ray is often used as part
of the Triple Screen trading system but may also be used on its own.
Dr Elder uses a 13-day exponential moving average (EMA) to indicate the
market consensus of value. Bull Power measures the ability of buyers to...
Based on the Elder's Force Index (EFI) , +/- of the EFI and its ema is used to describe the rise, fall or possible reversal of the market, and finally shown by bar color.
The green bar represents a strong bull and the red bar represents a strong bear;
The blue bar indicates that the downtrend is exhausted and may rise. Likewise the yellow bar.
Of course, it is...
The strategy is based on LazyBear's Elder Impulse System
Strategy(in layman terms):
Long: When the green bar in the Elder Impulse System's indicator shows up
Short: When the red bar in the Elder Impulse System's indicator shows up
Close trade/Profit booking: When the blue...
I had searched for a proper indicator to recognize important impulses, so I just need to take a look at the indicator to quickly find them on the chart. Alexander Elder's Force is the answer, although I made a few changes to the design.
First, I found more accuracy using Hull Moving Average. It steers faster making sudden spikes even more visible. Second, it is...
Library "Momentum"
Contains utilities varying algorithms for measuring momentum.
simple(fast, slow, src, fastType, slowType) Derives momentum from two moving averages of different lengths.
Parameters:
fast : The length of the fast moving average.
slow : The length of the slow moving average.
src : The series to measure from. Default is...
The Momenta RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator formula. I have color coded everything to make it very easy to determine buy and sell signals.
Let me know if you would like to see me write scripts for other indicators!
A Percentage Momentum Indicator (oscillator) is a technical indicator which shows the trend direction and measures the pace of the price fluctuation by comparing current and past values. Normalized to be bounded to oscillate between 0 and 100 percent of recent price variation. As is, it average true range of an instrument can be easily compared to any other...
The Percent Rank is naturally quite choppy. I therefor placed an EMA(3) over it and make the origin Percent Rank only slightly visible. I also add some boundaries.
Note that the EMA of the Percent Rank looks quite similiar to the Connors RSI.
Use it as the RSI.
The Ocean Indicator was created by Jim Sloman (Ocean Theory pgs 39-47). Sadly he passed away a few years ago so it is extremely hard to find his code or more information about his trading system other than through his books so I did my best to replicate all of his work and I will be publishing his indicators over the next few weeks. Big thanks to @altcoinz for...
The PPO is basically the MACD but in percentage terms. This is better for comparing momentum across different securities.
This script is a standard PPO but with many options for customization. You can set the moving average type of the signal and the oscillator lines separately. You can also weight any moving average of the PPO by volume.
Supported Types of MA:
...
There is a frequent and definitive pattern in price movement, whereby price will steadily drift lower, then accelerate before bottoming out. Similarly, price will often steadily rise, then accelerate into a climax top.
The Volatility Based Momentum Oscillator (VBMO) is designed to delineate between steady versus more accelerated and climactic price...
TradingView has built in functions for RSI, Momentum, and many other oscillators. Why the source isn't available for Elder's Force Index is beyond me. To me it's one of the Holy Grail indicators. This is EFI indicator with a simple function inside the source code. You're can easily copy this function into any study(indicator) or strategy that uses built-in...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying
and selling pressure in the market. The Elder-ray is often used as part
of the Triple Screen trading system but may also be used on its own.
Dr Elder uses a 13-day exponential moving average (EMA) to indicate the
market consensus of value. Bear Power measures the ability of sellers to...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying
and selling pressure in the market. The Elder-ray is often used as part
of the Triple Screen trading system but may also be used on its own.
Dr Elder uses a 13-day exponential moving average (EMA) to indicate the
market consensus of value. Bull Power measures the...
![AAPL: Ocean Indicator [CC]](https://s3.tradingview.com/o/oQ7Uf68E_mid.png "Ocean Indicator [CC]")
![USDJPY: [RESEARCH] Quasi White Noise](https://s3.tradingview.com/u/UWKXaj5O_mid.png "[RESEARCH] Quasi White Noise")
