RSI DIVERGENCE is a difference between a fast and a slow RSI. Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
normal RSI : check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
signal line : when RSI Divergence cross zero line from...
Volatility represents how large an asset's prices swing around the mean price, the degree of variation of a trading price over time, and is commonly measured with beta (β) coefficients, standard deviations (σ) of returns where tools such as Average True Range, Bollinger Bands, Keltner Channel, Squeeze Indicator, etc presents volatility concept
Shows difference between price and daily/weekly/monthly/hourly/whatever VWAP.
option to color bars
average percentual difference of custom period
histogram changes color depending on which levels it's at
Levels/period/color etc can be customized.
Use these inputs in the timeframe box:
M - month
W - week
D - day
2D (or 3W or 2M or whatever) = 2 Days (or...
This update to the previous HMA-Kahlman Trend, Clipping & Trendlines script features the same structure with the three modules:
- Trendlines module,
- NEW Winsorizing submodule using difference-based filtering.
- HMA-Kahlman Trend module.
The Winsorizing submodule filters signals by a volume level, eliminating the ones with the volume below a threshold. This...
This script implements a rebrushed distance-based pair trading strategy. In this strategy, normally they trade the difference between the prices of two instruments. This difference is also called spread. Here, however we’ll trade the difference between two time frames of one instrument. And that's the main trick. Common procedure consists of the following...
I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.
Description / Usage:
Adjust length and multiplier much the same way you would expect with Bollinger Bands.
Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
The outer channels are increments of the base...
I developed the original as an experiment to potentially replace or augment my BB and RSI based strategies. After some back-testing I could see some really interesting results but it wasn't quite where I wanted it, so after some tweaking and further back-testing, and adding in more MA options, here we are. Mostly tested on 1h and greater time-frames using...
Average Directional Index (ADX) and Difference between DI+ and DI- (ΔDI±), I call it Delta for short.
The idea explained:
ADX is a common indicator for analysing trend strength. Values over 25 usually indicate the symbol is in "trend mode", meaning there is a lot of momentum, upwards or downwards, - while values under 25 suggest it is in "range mode", the price...
Shows the difference between vwap and price in percent.
You can can choose between multiple timeframe vwap. Default is normal daily.
The levels on the indicator can be changed to whatever you want to.
In the chart above we can see eurusd reverting up at 3% below monthly vwap, after the brexit dip, It then turns down again at 1% from monthly and lastly it turns up...
This is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script.
Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point.
Read code comments for instructions!
An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
This script shows the price difference ( %) between heikin ashi and candlestick for all investment instruments as Close, Open, High and Low. (Switchable )
In this way, you can see which instruments can easily use heikin ashi .
And by taking averages you can find the opportunity to compare which investment tools are more risk-free.
This VWAP oscillator showcases the percent difference between VWAP and current price within an oscillator centered on 0. My thesis for this indicator is that trend following within the threshold zone (defaulted to 1%) would be "choppy" but outside is a significant trend. Another way to think about VWAP is potential for taking profits, as price will always be...
This script shows the difference between a future's continuous current contract (e. g. CL1!) and the continuous next contract (e. g. CL2!). Normally, the next contract is more expensive ("Contango" - shown in green). If the next contract is cheaper, the difference is negative ("Backwardation" - shown in red).
A change between Contango and Backwardation...
An expansion of the Advance Decline Line of the NASDAQ. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...