From time to time, you may want to overlay multiple assets on the same chart instead of using multi-chart views. This can be a much cleaner way of viewing and comparing multiple assets. There is some functionality built into TradingView that lets you do this to a certain extent, but I wanted additional options, correlation labeling and ways to adjust the overlay...
This indicator is very strong in identifying short-term trends, and was made for trading stocks and commodities. When it is green, it indicates an uptrend, and red indicates a downtrend. The transparency of the columns illustrates the strength of the trend, with transparent columns indicating weakness, while solid columns indicate strength.
Basic Explanation of...
Tema highlights bars based on the triple ema ( tema ) with two different length qualifiers.
The tema is believed to react quicker to price fluctuations than the simple moving average ( sma ), the exponential moving average ( ema ), and the double ema ( dema ). The shorter length tema crossing over the longer one is believed to indicate a bullish trend ahead,...
Part of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility).
I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it.
Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking...
This is Covariance on Covariance. It shows you how much a given covariance period has deviated from it mean over another defined period. Because it is a time series, It can allow you to spot changes in how covariance changes. You can apply trend lines, Fibonacci retracements, etc. This is also volume weighting covariance.
This is not a directional indicator nor...
Volume Conversion Indicator
The volume conversion indicator is much like the in-built volume indicator. This particular volume indicator allows you to find out how much of something has been traded in a given timeframe.
This is done by multiplying volume by the average price at that point.
What does this mean?
Well, say, for example, you were watching DGB/BTC...
Introduction
The Crypto Force Index (CFI) indicator helps us understand the current strength and weakness of the price. It is very useful when used on high timeframes for investment purposes and not for short term trading.
To determine the strength and weakness of the price, a level grid based on the RSI indicator is used.
Based on the RSI value, red circles...
Infiten's Return Candle Oscillator is an oscillator which shows the percentage return on the open, high, close and low over a customizable period in the form of candlesticks. It may be helpful for seeing volatility, swing trading, or mean reversion trading.
The RCO consists of two plotted elements :
RCO Candles (short length): candlesticks which are plotted...
The clone of Jurik moving average function with a power argument
The power argument allows to closely approximate price movements. The higher the power, the closer the fit. Also helps to find a balance between smoothing and fitting.
Another useful script I've been experimenting with. 4 EMA's in one!
Red = 200
Orange = 100
Yellow = 50
Blue = 25
Color coded in order of their respective frequencies.
Right now it's as plain and simple as you can get. Only inputs you can change are the average values.
Will update upon request and popularity.
Happy new year and God bless!
Version 2 Updates
Speed has been increased by ~7X
Highest and lowest pairs now highlighted using brighter colors
Re-ordered pairs from highest to lowest 'flight to risk' rating
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors...
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade...
![KGC: Autocorrelative Power Oscillator (APO) [SpiritualHealer117]](https://s3.tradingview.com/0/08kQR3R3_mid.png "Autocorrelative Power Oscillator (APO) [SpiritualHealer117]")
![EURUSD: Currency Relative Strengths V.2 [GM]](https://s3.tradingview.com/x/xaEvCY0l_mid.png "Currency Relative Strengths V.2 [GM]")
![EURUSD: Currency Relative Strengths [GM] - Data Indicator](https://s3.tradingview.com/o/odJONnzd_mid.png "Currency Relative Strengths [GM] - Data Indicator")
