This is a correct Aroon Indicator with histogram and center line.
MACD but on the Quadratic Weighted Moving Average instead of regular Moving Average "The quadratic moving average ( QMA ) or quadratic weighted moving average (QWMA) is a type of moving average who is closer to the price when price is up trending. This moving average is defined as the square root of the moving average of the squared price." @alexgrover () Base...
If you reverse engineer the "50-level" of the 14 period rsi, you end up with almost exactly the 27 period ema So to calculate the rsi, you can 'reverse engineer' the 'reverse engineered rsi'. This can be done by taking the distance between the current price and the "50-level ema" you can then normalise this by dividing with the atr or the st dev to end up with a...
This simple indicator gives you a bias on the market that can be used as a filter, an entry indicator for pullbacks,... Enjoy! JD. #NotTradingAdvice #DYOR
This is an indicator I've been playing with for a while, based on my previous MACD w/ RSI Warning indicator. This one takes it a step further, including information from MACD, RSI, ADX, and Parabolic SAR. These four indicators are represented in this indicator as follows: MACD: The histogram itself is a normal MACD histogram. Nothing strange about it, and you...
The indicator shows the day's high and low along with the Keltner Channels. Keltner Channel Period - 20 Keltner Channel Multiple - 2.25
This script creates a Decimal and Binary representation of the price using ROC. The idea is to simplify the price action into a distance from Zero to upside and downside. You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super...
This script calculates the momentum on a 2 ema oscillator. Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account. Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing. Seeing such a trap is trivial as you...
Divergences are well-known tool for finding trend reversals. Powerful, yet... unreliable. Sometimes they show up, sometimes they don't. Sometimes they really mean trend end, sometimes the trend continues. I've witnessed countless discussions about which indicator to hunt for divergences on. All pointless. Earlier today I found a very inspirational script by...
This is my version of the updated classic indicator created by John Carter. I plan on adding a Squeeze Overlay script in the future that will pair with this one as well for additional signals. So to break down the Squeeze, what it is, how it works, etc - you have to look at the components that make it up. 1. Bollinger Bands 2. Keltner Channels 3. Momentum The...
Hello All. For a while this idea (showing RSI levels on the chart as a channel) was in my mind and finally today I developed the script. I hope it will be usefull for all. Enjoy!
this is a indicator for ict New York kill zone for India standard time
Hi there, It's a script that plot the ATR (Average True Range) and ADR (Average Day Range) together and do an histogram of it. The histogram is the difference from ATR to ADR, I believe that it shows the average GAP in the asset. So I can easily found the offset to use when defining my stop. PT Esse script desenha o ATR (no profit True Range) e o ADR (media da...
I use the space between MACD and Signal. If you want to use a couple of indicators in the same area you do not need to display the histogramm.
If you are desperately looking for a novel RSI, this isn't that. This is another lesser known novel species of indicator. Hot off the press, in multiple stunning color schemes, I present my version of "Relative Strength (RSMK)" employing PSv4.0, originally formulated by Markos Katsanos for TASC - March 2020 Traders Tips. This indicator is used to compare...
Developed by Robert Krausz, the Gann Trend Oscillator is a trend-following indicator used to determine the financial instruments long-term price direction.
Hey Awesome Traders I noticed people were so happy with my ZigZag lucemanb script and so I made one that is more user-friendly and customizable Please note the original one is dedicated to developers, The code is very minimal for fast understanding when anyone wants to use it in their development In this script, I have included several features like...
Hello traders A bit of context Definition: Volatility is defined as the close of current candle - close of the previous N candle This is an alternative version of my Best Volatility Calculator The other version is displayed on a panel below. This one overlays on the chart using the "overlay=true" setting This indicator shows the average volatility, of...