Intraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.
An open source version of the DMI. Mostly published for other scripters to modify. Typical useage: www.investopedia.com
-- Fixed --- Source: pastebin.com Fixes an issue with "Combined" mode, using wrong symbols. --- Original --- The High-Low Index is a breadth indicator based on Record High Percent, which is based on new 52-week highs and new 52-week lows. Readings below 50 indicate that there were more new lows than new highs. Readings above 50 indicate that there were more...
1) Trix Ribbon =============================================================== This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy. Also, optionally this can plot a BollingerBand on Trix_1. More info on Trix: stockcharts.com 2) High/Low/Close Trend Indicator ...
Nifty / Banknifty Dashboard : Shows Values of different Indicators on current Timeframe for the selected Index & it's main constituents according to weightage in index. customized for Nifty & Banknifty (You can customize it according to your needs for the markets/indexes you trade in) Interpretation :- VWAP : if LTP is trading above VWAP then Bullish else if...
This is the indicator version of a simple, yet very efficient crypto strategy, adapted to 4h time frame, on big coins like ETH and BTC . However it can be adapted to other markets, timeframes etc For this strategy I use a combination of a trend line , an oscillator, price action and volume . This study has alert for both long and short entries/exit. The rules...
User request. A tuned version of the built-in True Strength Index (TSI) indicator with the following options included: TSI - Signal Histogram TSI/Signal Crossovers TSI/Signal Ribbon Bands breakouts highlighting Zero line crossovers background
Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume . This is the pine script which calculate the nifty 50 volume . Logic : Take each stock contribute to nifty 50 and find it's volume . Multiply the same with contribution percentage of the same on Nifty 50 Add up all of them and find the total volume...
Choppiness Index and RSI by ceyhun This indicator is based on the inverse relationship between CHOP and RSI. Bar color If the RSI is greater than CHOP, the Bar color will be blue. If CHOP is greater than RSI, the bar color will be red. CHOP If CHOP is less than 38.2, the color will turn blue. positive If the CHOP is between 38.2 and 61.8, the color will be...
This is a more advanced version of my original mean reversion script. It employs the famous Bollinger Bands. This robot will buy when price falls below the lower Bollinger Band, and sell when price moves above the upper Bollinger Band. I've only tested it on the S&P 500, though you could try it out on other assets to see the backtest performance. During...
This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator is covered in detail in their book The New Technical Trader. The DMI is identical to Welles Wilder`s Relative Strength Index except the number of periods is variable rather than fixed. The...
The theory behind the indexes is as follows: On days of increasing volume, you can expect prices to increase, and on days of decreasing volume, you can expect prices to decrease. This goes with the idea of the market being in-gear and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running cumulative of values, which...
BankNifty Index is calculated based on the movements of its participants. Every time you think of why is Index going up/down, who is actively dragging the index either ways, this Indicator gives you the answer for the same in realtime! For example : You see HDFCBank and Kotak Bank significantly up while all other banks going down but index reacting in a...
Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume . This is the pine script which calculate the nifty 50 volume . Logic : Take each stock contribute to nifty 50 and find it's volume . Multiply the same with contribution percentage of the same on Nifty 50 Add up all of them and find the total volume...
McClellan Summation Index is a breadth indicator derived from McClellan Oscillator (). The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above/below zero. As such, signals can be derived from bullish/bearish divergences, directional...
It came to my attention that one very common implementation of SMI was incorrect; rather than subtracting the first hour delta and adding the last hour delta it subtracts the whole day delta and adds the last 30m delta. While this indicator might have had some use, it is not what I understand to be the actual Smart Money Index and so I post this as a correction...
Accumulation Swing Index ----------------------------------------------- ASI is a cumulative sum of swing index, developed by Wilder. ASI attemps to show the "real market" by quantifying price. This allows the use of classic support/resistance analysis on the index itself. Typical analysis involves looking for breakouts, new highs and lows, and...
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle search buying opportunities below 0.61 and selling opportunities above 0.50 Also acts as good support and resistance in intraday BEST RESULTS IN INDEXES Thanks & Best Regards Marella Ganesh