Price Variation Percent (PVP)This indicator shows the percentage of price variation, depending on the length of bars that the user chooses.
At a glance you can see if the price jumps in volatility and how often it does so. Very useful for scalping.
The upper and lower bands are limits of price variation in percentage, therefore when there is a crossing above or below you can immediately see how volatile the asset is and between what percentages of change it is moving.
M-oscillator
Xeeder - Comparison RSI IndicatorXeeder - Comparison RSI Indicator (CRI)
The "Xeeder - Comparison RSI Indicator" (CRI) is a sophisticated tool designed to assist traders in analyzing and comparing the Relative Strength Index (RSI) and Moving Averages (MA) of two different securities simultaneously. This indicator is instrumental in identifying potential shifts in market momentum and strength between two assets.
Details of the Indicator:
Security Input Settings: This feature allows traders to input the symbols of two securities they wish to compare. The input is facilitated through text boxes where traders can enter the ticker symbols of their chosen securities.
Moving Average (MA) Settings: Traders have the option to select different types of moving averages such as SMA, EMA, WMA, among others. The settings also allow for the adjustment of the length of the moving average and the standard deviation multiplier for Bollinger Bands.
RSI Settings: This section allows traders to specify the length of the RSI calculation, which is used to analyze the momentum of the securities.
Dynamic RSI and MA Plotting: The indicator plots the RSI and its moving average for both securities dynamically on the chart, with distinct colors for easy differentiation and analysis.
RSI Bands: The indicator displays multiple RSI bands (Upper Band 1 & 2, Middle Band, Lower Band 1 & 2) as dashed horizontal lines, helping traders identify potential overbought and oversold regions.
Gradient Fill for Overbought and Oversold Regions: The indicator features a gradient fill between the RSI plot and the middle line, visually representing the overbought and oversold regions in different colors.
How to Use the Indicator:
Input Security Symbols: Start by entering the symbols of the two securities you wish to compare in the respective input boxes.
Configure MA and RSI Settings: Adjust the settings for the moving average type, length, and RSI length according to your trading strategy and analysis needs.
Analyze RSI and MA Plots: Observe the plotted RSI and moving averages for both securities to analyze and compare their momentum and trend characteristics.
Utilize RSI Bands: Use the RSI bands as reference points to identify potential overbought and oversold regions, and to gauge the relative strength between the two securities.
Interpret Gradient Fill: Pay attention to the gradient fill regions which visually represent overbought and oversold conditions, assisting in the identification of potential reversal points.
Example of Usage:
As a trader with a knack for developing innovative trading strategies, you can utilize the CRI indicator to enhance your swing trading approach. Here's how you might integrate this tool into your strategy:
Select Securities: Choose two securities that you are interested in comparing, perhaps from sectors you have identified as having potential based on your macroeconomic and geopolitical analysis.
Adjust Settings: Configure the RSI and MA settings to align with the characteristics of the selected securities and your trading strategy.
Analysis and Comparison: Analyze the RSI and MA plots to identify potential divergences or correlations between the two securities, which might indicate trading opportunities.
Utilize RSI Bands: Use the RSI bands to identify potential entry and exit points, aligning them with your analysis of broader market conditions and your trading strategy.
Content Creation: Leverage the insights gained from using the CRI indicator to create captivating content for your audience, sharing your analysis and perspectives on the selected securities and market conditions.
Remember, the CRI indicator serves as a powerful tool in your trading arsenal, offering a unique perspective on market dynamics and facilitating a deeper analysis of securities. Always consider the broader market context and your trading strategy when utilizing this tool.
YinYang Fear and Greed Index (FGI)Overview:
YinYang Fear and Greed Index is used for seeing how people are feeling towards the current price. It works similar to an RSI, but fluctuates differently. Essentially you want to be Greedy when the Index displays Fear and Fearful when it displays Greed. Our Indicator displays a Green Circle (Greed Signal) on the YinYang Fear and Greed Index when there is a large amount of Greed at this price point. It displays a Red Circle (Fear Signal) when there is a large amount of Fear. The Fear and Greed Signals can happen at any Fear and Greed Index but generally they correlate with the Index level. The Fear and Greed Signals are much more important at dictating a swing in momentum than the actual Index itself. The Index is more of a guide and is useful for seeing when the Index level crosses the Ma (the yellow line) as you can see a shift in momentum. However for large swings in momentum, the Fear and Greed Signals should be used. Do NOT Ignore these signals, they are quite powerful at predicting momentum swings.
Tutorial:
As you can see, the Fear and Greed Index looks somewhat similar to an RSI, but it has the ability to gain drastic momentum when there are strong changes in Fear and Greed.
When it comes to identifying buy/sell locations you generally want to ensure 2 things:
For a buy, the Fear and Greed Index (FGI) is less than 30.
For a sell, the FGI is greater than 70.
A signal has occurred. For buy that is the red circle and for sell that is the green circle.
The reason we generally want to ensure these 2 rules is to ensure you have the highest chance of being right with the lowest risk of being wrong. The way you want to use this indicator is; Be Fearful when others are Greedy and Greedy when others are Fearful.
There will be times when a fear or greed signal appears when the index is between 30-70. When these occur, they are still generally strong signal locations that represent a high chance of momentum in the direction they signal, however they face a higher risk of being wrong and therefore shouldn’t be used on its own to make a trade.
In the photo above we can see that the FGI’s color changed from Red to Orange in the candle after the Fear Signal. This happened because there was high price movement right after it (which is normal) and caused the Fear level to drop.
The color the FGI displays is based not off the FGI but by the STATE it is currently in. When the color is Green it is in a state of HIGH GREED, when the color is Red it is in a state of HIGH FEAR. When the color is Teal it is in a state of SLIGHT GREED, when the color is Orange it is in a state of SLIGHT FEAR. These colors hold true for the Information Tables as well.
As we can also see from the example above, it is 100% possible to have a state of HIGH GREED when the FGI is low. For instance look at the Fear (BUY) signals circled. Right before the Fear Signals happened, it was in a state of HIGH GREED (Green). The opposite is also true with Fear. We can have a high state of Fear when the FGI is high. However, please do remember, the lowest risk and best time to make trades is still:
FGI is higher than 70 and there is a Greed Signal = SELL
FGI is lower than 30 and there is a Fear Signal = BUY
You may notice there are sometimes occurrences that we call ‘Oddballs’. These oddballs are quite rare but they do happen and when they do they’re generally in clusters (close together). These Oddballs are when a Greed Signal occurs when the FGI is very low or when a Fear Signal occurs when the FGI is very high. Basically, they are occurring in the opposite location that they are supposed to. These may not seem like they matter but they matter a lot. As you can see based on where the blue vertical lines are, the price moved in the direction the signal identified shortly after the signal.
You may be wondering, are Oddball’s stronger price influencers than the regular signal? The issue with Oddballs is they sometimes CAN BE. But generally they aren’t. They generally do signal price movement will occur in the direction they are influencing, but generally not as much movement as if it occurred properly (Fear signal under 30 or Greed signal above 70).
The takeaway from Oddballs is to acknowledge their existence and potentially use them as markers for smaller purchases or DCA locations. We don’t recommend treating them as a legitimate purchase signal as they generally are weaker and less predictable, but nevertheless don’t dismiss them.
Our Information Tables are there to show you the FGI on 6 different Time Frames at the same time. This can be very useful for knowing how the other Time Frames are fairing while you are trading without needing to constantly change the Time Frame you are on.
For example, you see a Fear Signal on the 1 Day Time Frame, you then swap to the 15 minute Time Frame to find your entry location. Well, once you’re locked into that trade, you’ll likely be fixated on the 15 minute Time Frame. There’s a chance while you’re still waiting for your exit that levels and states of the FGI could change on higher Time Frames. This could drastically influence when and where your exit on the lower Time Frame should be.
This concludes our Tutorial on how to use YinYang Fear and Greed Index (FGI). However, continue reading for a description and better understanding of the Settings available to you for customization within this Indicator.
Settings:
1. Information Tables:
1.1. Show Information Tables:
Our Information Tables display 6 different Time Frames (resolutions) so that you can see the current level of Fear and Greed (FGI) that is prevalent on each Time Frame. There are 4 different states the FGI can be in:
Fear (Red)
Minor Fear (Orange)
Greed (Green)
Minor Greed (Teal)
The color of each Time Frame Cell (on Oscillator and in the table) is based on the following:
Red: Red represents that it is currently in a state of Fear. When it is in a state of fear it means traders are being overly bearish and selling when they likely shouldn’t. While it is in a state of Fear, there is a high chance of BULLISH price movement occurring. Remember, Be Fearful when others are Greedy and Greedy when others are Fearful.
Orange: Orange represents that it is currently in a state of Minor Fear. Minor Fear means that the FGI is less than 50, but it’s not currently in a state of Fear or Greed. While it is in this state, there is a better chance for BULLISH price action than there is bearish but it's nowhere near as likely as when in a state of Fear.
Green: Green represents that it is currently in a state of Greed. When it is in a state of Greed, it means traders are being overly bullish and buying when they shouldn’t. While it is in a state of Greed, there is a high chance of BEARISH price movement occurring.
Teal: Teal represents that it is currently in a state of Minor Greed. Minor Greed means that the FGI is greater than 50, but it’s not currently in a state of Fear or Greed. While it is in this state, there is a better chance for BEARISH price actions than there is bullish; but it’s nowhere near as likely as when its in a state of Greed.
2. Res1 / Res2/ Res3 / Res4 / Res5 / Res6:
These represent the different resolutions (Time Frames) being used in your information tables and can be modified to display whatever resolution works best for your trading style. By default they are:
Res1: Current Timeframe
Res2: 15 Minute
Res3: 1 Hour
Res4: 4 Hour
Res5: 1 Day
Res6: 1 Week
Backup Res (not changeable): 5 Minute (this is only used if your Current Timeframe in Res1 is a duplicate of one of the other resolutions)
Our Fear and Greed Index can be very useful for understanding how people are feeling in the market and when large price swings will occur. Remember, Be Greedy when others are Fearful and Fearful when others are Greedy!
If you have any Questions or Concerns, don’t hesitate to contact us.
HAPPY TRADING!
Support & Resistance IndicatorThe MACD Support & Resistance indicator is an enhanced tool to better visualize potential supply (resistance) and demand (support) zones based on the MACD indicator. It combines the strength of the MACD with recent price highs and lows to depict potential breakout or reversal areas in the market.
Features:
MACD Settings: Users can adjust the fast length, slow length, source of MACD, signal smoothing, and MA type for both the oscillator and the signal line.
Dynamic Color Settings: Customize the color of supply boxes, demand boxes, and closed boxes for improved visualization.
Table View: An optional table can be displayed showing the average MACD high and low values, with customizable table position, size, background color, and text color.
Historical MACD Average: The indicator uses a historical average of MACD pivot highs and lows to determine potential support and resistance zones.
Real-Time Zone Detection: The indicator plots 'High Boxes' when the MACD crosses above its average high and 'Low Boxes' when it crosses below its average low, which signifies potential breakout or reversal zones.
How It Works:
The MACD line is calculated using user-defined moving average types (either EMA or SMA).
Pivot highs and pivot lows of the MACD are identified over a specified period.
Historical MACD highs and lows are stored and managed for average calculation. The average MACD high and low values are then used to determine potential trading zones.
When the MACD crosses over its average high, a 'High Box' (representing a potential breakout zone) is plotted from the recent high price to the candle top.
Conversely, when the MACD crosses under its average low, a 'Low Box' (indicating a potential reversal zone) is plotted from the recent low price to the candle base.
As price progresses, the boxes can either extend (if price stays within the zone) or close if a breakout happens.
For those who prefer a tabular view, an optional table displays the average MACD high and low, enhancing the on-chart data representation.
Use Cases:
Traders can use this indicator as an additional tool to spot potential breakout or reversal areas based on the MACD's behavior against its historical average. The visual representation in the form of boxes can assist in making better trading decisions by offering a clear picture of potential supply and demand zones.
Note: As with all trading indicators, it's advisable to use this tool in conjunction with other technical analysis methods or indicators for more informed decision-making.
Fibonacci Oscillator (Expo)█ Overview
The Fibonacci Oscillator is a multi-faceted oscillator designed to provide traders with a comprehensive understanding of market trends and retracement points. Built on the Fibonacci ratios, it combines the functionalities of popular oscillators like RSI and MACD with unique insights into the market structure. This oscillator not only helps identify trend direction but also pinpoints overbought and oversold levels, making it an essential tool for various trading strategies.
█ How to Use
Identify Trends
Use the oscillator to identify the direction of the market trend.
Identify Retracements
Use the oscillator to identify the retracements.
█ Settings
Fibonacci Settings
These settings let you customize the Fibonacci level to focus on, thereby allowing you to tailor the oscillator according to your trading preferences.
Oscillator Settings
You can also choose between different oscillator types (RSI, MACD, Histogram) and adjust their respective settings like lengths, signals, and colors.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
RSI Trend Detector PSAR BasedRSI Trend Detector is based on the Direction of PSAR. This indicator helps the easy detection of Trend Direction and Sideways Movement of Price. It was difficult to determine the RSI Trend Direction in a basic RSI indicator. one cannot decide the exact entry point where to enter.
RSI Trend Detector helps with the direction of trend using PSAR direction which is almost instant direction changing indicator with Zero Lag. The color of the RSI changes immediately based on PSAR direction. One can determine the trend whether its in UP / Down or Sideways.
One can easily detect Pullback and entry points using this indicator.
The basic working can be interpreted with a normal default RSI, The only additional feature is the direction of trend using a SAR signal.
Oversold Zone is below 30
Overbought Zone is above 70
how ever RSI above 50 is treated a UP trend and Below 50 as Down Trend.
when RSI is between 40 and 60 price must be considered as Sideways. One can easily interpret the TREND.
Yellow Line = RSI Moving Average
RED and Green Line= RSI
Grey Zone = Sideways
Horizontal line = RSI level 50
Settings can be changed as required.
RSI Line:
RSI Above 50 up trend and Entry when color is green
RSI Below 50 down trend and Entry when color is Red
RSI in Grey Zone is sideways, wait for a breakout
RSI above 50 and color is red then its a pullback in uptrend
RSI below 50 and color is green then its a pullback in downtrend
ALERTS:
Up signal and Down Signal are provided when ever RSI crosses RSIMA
Up Signal: RSI crosses RSI Moving Average upwards
Down Signal: RSI crosses RSI Moving Average Downwards
Hope the Tradingview community likes this.
Forex & Stock Daily WatchList And Screener [M]Hi, this is a watchlist and screener indicator for Forex and Stocks.
This indicator is designed for traders who trade in the forex markets and monitor developments in indices and other currency pairs.
It includes information on 14 indices such as the volatility index, Baltic dry index, etc. You can customize the indices as you wish. The indices table contains the index's price (or points), daily change, stochastic value, and trend direction.
The second table is designed for trading forex and stock currency pairs.
In this table, you will find information such as price, volume, change, stochastic, RSI, trend direction, and MACD result for all traded pairs. You can customize all the currency pairs in this table as you wish, and you can also tailor the oscillator settings to your preferences.
In the settings section, you can use checkboxes to hide the pairs in both tables.
The "Customize" section in the settings allows you to personalize the table appearances according to your preferences.
[MAD] MindreaderHi,
This is a multiband indicator that shows you liquid support and resistance ranges based on growing offsets and growing ATR channels.
In the end, when setup well, you can make, based on historical observations, estimates of how traders will react, maybe identical again.
How to use:
Setup:
Activate the two checkboxes for centerline and All_Lines
Start with the middle line to establish the general direction of the asset.
With the 6 following options, you try to match the trends in the outer bands as good as possible.
Small changes can be made by till you have best fitting overall bands. I tried to make small steppingsize to visual setup very easy. Change a bit... wait look,... change a bit, wait look...
Deactivate the two setup boxes and continue with setting up the colors.
Have fun figuring out the perfect wave !!
Returns Model by TenozenHey there! I've been diving into the book "Paul Wilmott on Quantitative Finance," and I stumbled upon this cool model for calculating and modeling returns. Basically, it helps us figure out how much a price has changed over a set number of periods—I like to use 20 periods as a default. Once we get that rate of change value, we crunch some numbers to find the standard deviation and mean using all the historical data we have. That's the foundation of this model.
Now, let's talk about how to use it. This model shows us how returns and price behavior are connected. When returns hang out in the +1 to +2 standard deviation range, it usually means returns are about to drop, and vice versa. Often, this leads to corresponding price moves. But here's the thing: sometimes prices don't do what we expect. Why? It's because there's another hidden factor at play—I like to call it "power."
This "power" isn't something we can see directly, but it's there. Basically, when returns are within that standard deviation range, the market faces resistance when trying to move in its preferred direction, whether bullish or bearish. The strength of this "power" determines if the market will snap back to the average or go for a wild ride. It can show up as small price wiggles, big price jumps, or lightning-fast moves. By understanding this "power," we can get a better handle on what the market might do next and avoid getting blindsided. In the meantime, I couldn't explain "power" yet, but In the future, when I've learned enough, I'd love to share the model with you guys!
So... I'm planning to explore and share more models from this book as I learn, even if those pesky math formulas can be tough to crack. I hope you find this indicator as helpful as I do, and if you've got any suggestions or feedback, please feel free to share! Ciao!
ROCkin RSIROCkin RSI Indicator
Overview
The "ROCkin RSI" indicator combines the traditional Relative Strength Index (RSI) with an innovative approach using the Rate of Change (ROC) to offer a new way to visualize and interpret market momentum. By averaging the slope of the RSI over time and allowing for different types of moving averages, this indicator aims to help traders identify trending and reversal patterns more efficiently.
Features
RSI Calculations: The core of the indicator is based on the standard Relative Strength Index, an oscillator that measures the speed and change of price movements. The RSI oscillates between 0 and 100 and is usually used to identify overbought or oversold conditions.
Rate of Change of Price (ROC): Instead of simply plotting the RSI, this indicator calculates the Rate of Change of the closing price, essentially looking at how steep the RSI curve is over a user-defined period.
Smoothing: To reduce noise and make the curve smoother, the slope of the RSI is averaged over a given number of periods, which can either be a Simple Moving Average (SMA) or an Exponential Moving Average (EMA).
Column Plots: The smoothed RSI slope is plotted as columns, where the color of the columns (red or green) indicates whether the slope is positive or negative.
Optional RSI Moving Average: The indicator also offers an optional feature to plot a moving average of the smoothed RSI slope, aiding in trend identification.
Inputs
RSI Periods: The number of periods used to calculate the RSI.
Slope Periods: The number of periods used for calculating the Rate of Change.
Average Periods: The number of periods used for smoothing the RSI slope.
Type of Average: Choose between EMA (Exponential Moving Average) and SMA (Simple Moving Average) for smoothing.
Show RSI Moving Average: Toggle this to either show or hide the moving average of the smoothed RSI slope.
Moving Average Period: The period used for calculating the RSI Moving Average.
Moving Average Type: Choose between EMA and SMA for the RSI Moving Average.
How to Interpret
Positive Slope (Red Columns): Indicates upward momentum in the RSI, which may imply a bullish trend.
Negative Slope (Green Columns): Indicates downward momentum in the RSI, suggesting a possible bearish trend.
RSI Moving Average: Acts as a signal line to confirm the trend. When the smoothed RSI slope is above its moving average, it confirms the bullish trend, and when it's below, it confirms the bearish trend.
Practical Use
Entry/Exit Signals: Consider entering a long position when the columns of the green histogram cross above the moving average. Conversely, consider entering a short position when the columns cross under when red. The higher the columns the more likely the trade will be a good one.
Fine-Tuning and Optimization
It's crucial to understand that the default settings might not be optimal for all trading scenarios. The effectiveness of the ROCkin RSI indicator can vary based on the asset you're trading, the market conditions, and your trading style. Therefore, it's highly recommended to play with the settings and study the historical performance on the chart to grasp how the indicator behaves.
By experimenting with different periods for RSI, the Rate of Change, and the moving averages, you can tailor the indicator to better suit your needs. Studying how the indicator would have performed in the past can help you understand its potential strengths and weaknesses. Once you've got a feel for how it operates, you can then optimize the settings to align with your trading strategy and risk tolerance.
SMI Ergodic Indicator + OscillatorThis indicator is one that I came across a while ago. The main way this indicator works is a lot like the True Strength Index except it also adds a signal line. I like to think of it as a faster MACD that gives you a chance to lag a little less behind the MACD. This of course comes with the additional risk of fake-outs being prevalent. The signal line in the indicator allows you to use the EMA in the indicator itself and adds another indicator that it's either going to do a reversal or confirm trend.
In the indicator I created it has the Oversold and Overbought areas highlighted to show the oscillators function as kind of an RSI + MACD indicator. There is also added crossing alerts in the form of circles (or whatever you want to change it to) indicating a cross of the SMI line and the Signal EMA line. This is usually the point where you want to make an entrance or exit point. The Overbought and Oversold zones are adjustable to wherever you as a trader feel comfortable having them be.
I also combined bother the SMI and Signal line with the SMI Oscillator adding a histogram.
Rolling VWAP OscillatorTL;DR - TradingView's Rolling VWAP as centered oscillator
I really like TradingView's rolling VWAP (Rolling Volume-Weighted Average Price - RVWAP) indicator. But I also like clean charts that's why I'm mainly using indicators which are not displayed on the chart. Instead of simply moving the RVWAP to another pane I turned it into a centered oscillator. This allows me checking the RVWAP while having my chart clean.
You can find the oroginal RVWAP here .
Creds to TradingView for creating this indicator 👍
* I also added a fourth deviation band, gradient colors and the option to switch between candles and lines.
[ADOL_]Trend_Osilator_beta
ENG) Trend_Osilator_beta
Introduction)
This is an indicator that analyzes and displays trends.
By taking the form of an oscillator, upper and lower limits are established, which limits the unlimited range that can appear on the chart.
Through oscillatorization, you can find overbought, oversold, and current trend areas.
This version is a beta version, so signals and alerts do not occur.
It adopts MTF and is a simple but functional indicator. Complement your skills with the trading methods below.
To use multiple time frames, use the timeframe.multiplier function.
We created a table using the table.new function and displayed the time zone selected in the current indicator at the bottom right of the chart.
When using multiple indicators, you can easily distinguish the currently selected time.
Principle)
Set up two moving averages with different speeds and make the relative difference.
Create the speed difference between the two moving averages using methods such as over = crossover(fast, slow) and under = crossunder(fast, slow).
The point at which the difference in relative speed decreases is where the possibility of inflection is high. Through the cross code, you can find out when the speed difference becomes 0.
It was created by determining the green and red areas at the inflection point.
Using the code of fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor")
You can color and distinguish areas.
MA: MA_type can be selected (limited)
Min: This is the starting value to set the oscillator range.
Max: This is the final value to set the oscillator range.
Lenght: This is the number of candles used to calculate the calculation formula in the oscillator.
repaint: You can choose whether to draw a repaint. The default is OFF.
The coding for repaint settings for the indicator was written using the optimal method recommended by TradingView.
Reference:
security(syminfo.tickerid, tf, src )
Trading method)
You can set different time zones in Timeframe. Even if you change the time frame of the chart, it is displayed based on the time set in the indicator.
If the timeframe is set to 4h in the indicator, the standard that occurs in 4h is retrieved and displayed even if the chart screen is adjusted to 15m or 30m.
This is a feature of Multi-Time-Frame (MTF). The repaint problem that occurred when using MTF was resolved by referring to TradingView's recommended code.
User can decide whether to repaint or not. The default is OFF.
In the green area, Buy is the dominant opinion, and in the red area, Sell is the dominant opinion. simple!
You can gain good insight by deciding to buy or sell without moving too far from the point where the area changes.
- Settings are the most common default values. It is also possible to change the settings, but leave the settings as is.
If you want to do short shots, you can select the time frame as 1 hour, 15 minutes, or whatever time you want. If you want to analyze big changes, you can select the time frame as 4 hours or daily.
The recommended basic time frame is 4 hours.
- Upward divergence
We confirm that 8/25 is the lowest point.
- trend line
- Find a property for sale by amplitud.
Breaking a trend line that candles cannot indicate, It can be used to view branches.
Disclaimer)
This indicator is not an indicator that guarantees absolute returns and is used for simple reference purposes. Accordingly, all trading decisions you make are solely your responsibility.
KOR) 트렌드_오실레이터_베타
소개)
이것은 트렌드를 분석하여 표기해주는 지표입니다.
오실레이터 형태를 갖춤으로써, 상한과 하한이 정해지며, 이로 인해 차트에서 나타날 수 있는 무제한적인 확장영역이 제한됩니다.
오실레이터화를 통해, 과매수와 과매도, 현재의 트렌드 영역을 잘 찾을 수 있습니다.
이 버전은 베타바전으로 시그널과 얼러트가 발생하지 않습니다.
MTF를 채택했으며, 단순하지만, 기능적으로 훌륭한 지표입니다. 아래 매매방법에서 능력을 보완하십시오.
멀티타임프레임을 사용하기 위해 timeframe.multiplier 함수를 사용합니다.
table.new 함수를 사용하여 table을 만들고, 차트 우측 하단에 현재 지표에서 선택한 시간대가 표시되도록 하였습니다.
여러개의 지표를 사용할 때 쉽게, 현재 선택된 시간을 쉽게 구분가능합니다.
원리)
속도가 다른 두 개의 이평선을 설정하고 상대적인 차이를 만듭니다.
over = crossover(fast, slow) , under = crossunder(fast, slow) 와 같은 방법으로 두개의 이평선의 속도차이를 만듭니다.
상대적 속도의 차이가 줄어드는 시점은 변곡의 가능성이 높은 자리입니다. cross code를 통해 속도차가 0이 되는 시점을 알 수 있습니다.
변곡점에서 초록색과 빨간색의 영역을 결정하는 방법으로 만들어졌습니다.
fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor") 의 코드를 사용하여
영역을 색칠하고 구분할 수 있습니다.
MA : MA_유형을 선택할 수 있습니다.(제한적 사용)
Min : 오실레이터 범위를 설정할 시작값입니다.
Max : 오실레이터 범위를 설정할 마지막값입니다.
Lenght : 오실레이터에서 계산식을 산출하기 위한 캔들의 개수입니다.
repaint : 리페인팅을 그릴지 선택할 수 있습니다. 기본값은 OFF 입니다.
해당 지표의 리페인트 설정에 관한 코딩은 트레이딩뷰에서 권장하는 추천 방법으로 작성되었습니다.
참고 :
security(syminfo.tickerid, tf, src )
매매방법)
- Timeframe에서 다양한 시간대를 설정할 수 있습니다. 차트의 시간프레임을 바꿔도 지표에서 설정한 시간을 기준으로 표시해줍니다.
지표에서 Timeframe을 4h로 설정했다면, 차트화면을 15m으로 조정하거나 30m으로 조정해도 4h 에서 발생하는 기준을 가져와 보여줍니다.
이것은 Multi-Time-Frame(MTF)의 기능입니다. MTF 사용시 발생하는 리페인트 문제는 트레이딩뷰의 권장코드를 참고하여 해결했습니다.
사용자가 리페인트 여부를 결정할 수 있습니다. 기본값은 OFF 입니다.
초록색의 영역에서는 매수가 지배적인 의견이며, 빨간색의 영역에서는 매도가 지배적인 의견입니다. 단순!
영역이 바뀌는 시점에서 멀리 벗어나지 않고 매매를 결정하면 좋은 통찰력을 얻을 수 있습니다.
- 설정값은 가장 보편적인 기본값입니다. 설정값을 바꾸는 방법도 가능하지만, 설정값을 그대로 두고,
단타를 하고 싶으면 타임프레임을 1시간, 15분, 혹은 원하는 시간, 큰 변화를 분석하고 싶으면 타임프레임을 4시간, 날봉 으로 선택하면 되며,
추천하는 기본 시간프레임은, 4시간입니다.
- 상승다이버전스
를 통해 8/25이 최저점이 됨을 확인합니다. 하락다이버전스는 같은 원리로 반대방향으로 그릴 수 있습니다.
- 추세선
그림과 같이 같은 영역의 고점을 이어 하락추세선을 긋습니다. 상승추세선은 반대입니다.
캔들이 표시할 수 없는 추세선돌파 지점을 볼 수 있게 활용가능합니다.
- 진폭으로 매물대 찾기
빨간색 영역의 저점과 초록색 영역의 고점이 발생할 때, 그 차이를 하나의 진폭으로 보고 범위를 설정합니다.
여기서 하나의 진폭은 위나 아래로 갈 수 있는 패턴값이 되며, 이 패턴값은 지지/저항으로 작용합니다.
얼러트)
얼러트의 설정이 포함되어 있지 않습니다.
면책조항)
해당지표는 절대수익을 보장하는 지표가 아니며, 단순한 참고용으로 사용됩니다. 따라서, 귀하가 내리는 모든 거래 결정은 전적으로 귀하의 책임입니다.
RSRS (Resistance Support Relative Strength)The Resistance Support Relative Strength (RSRS) indicator, published by Everbright Securities, is a technical analysis tool that enjoys immense popularity among Chinese quantitative traders, owing to its stellar performance in China's stock markets.
🟠 Principle
The indicator treats daily highs and lows as resistance and support levels respectively. It measures market strength by comparing the magnitude of price changes in daily highs versus lows. Specifically, it fits a linear regression model to the (low, high) data points over the past N days (typically 18) and uses the slope (beta) as the RSRS value. A steeper slope indicates stronger market strength.
🟠 Algorithm
1. Collect the daily low and high prices over the past N days.
2. Apply Ordinary Least Squares to estimate the linear regression model: high = alpha + beta * low. The beta is the RSRS value.
3. Compute the z-score of the RSRS over the past M days (typically 600).
4. Compare the z-score to preset buy and sell thresholds (typically 0.7 and -0.7) to generate trading signals. If z-score > buy threshold, a buy signal is triggered. If z-score < sell threshold, a sell signal is triggered.
RSI with SMA and Bollinger BandsRSI with SMA and Bollinger Bands
The SMA and BB use the RSI as a source. The source of the RSI is selectable.
With the right settings, you can effectively determine the trend phase and trend strength.
I personally use the following settings:
RSI with a 14-period applied to Price Close.
The SMA has a 26-period, and the Bollinger Bands have a period of 50 with a deviation of 2.
Stochastic Trend mtfDefinition
The Stochastic RSI indicator (Stoch RSI) is actually an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means it's an RSI measure relative to its own high/low range over a user-defined time period. Stochastic RSI is an oscillator that calculates a value between 0 and 1 and then plots it as a line. This indicator is primarily used to identify overbought and oversold conditions.
It is important to remember that the Stoch RSI is an indicator of an indicator that is two steps away from the price. The RSI is one step away from the price and therefore a stochastic calculation of the RSI is two steps away. This is important because as with any indicator that is more than one step away from price, the Stoch RSI can be short-term disconnected from actual price action. However, as a range-bound indicator, the Stoch RSI's primary function is to identify cross-bought, overbought and oversold conditions.
Use
When we integrate it into our chart in the upper time frame, it both gives the direction of the trend more healthy and is more efficient in terms of noise reduction in terms of leaving the overbought-sold zones. Unlike the classic stochastic, I set the "d" value to 8. Even though the trend returns are a little late, we see healthier data on our graph. Trend changes in overbought zones are getting stronger. Coloring red indicates that the trend is selling, while painting green indicates that the trend is buying. I hope you find it useful, if you have any questions or suggestions, please feel free to ask.
Good luck...
It is not investment advice.
Machine Learning Momentum Oscillator [ChartPrime]The Machine Learning Momentum Oscillator brings together the K-Nearest Neighbors (KNN) algorithm and the predictive strength of the Tactical Sector Indicator (TSI) Momentum. This unique oscillator not only uses the insights from TSI Momentum but also taps into the power of machine learning therefore being designed to give traders a more comprehensive view of market momentum.
At its core, the Machine Learning Momentum Oscillator blends TSI Momentum with the capabilities of the KNN algorithm. Introducing KNN logic allows for better handling of noise in the data set. The TSI Momentum is known for understanding how strong trends are and which direction they're headed, and now, with the added layer of machine learning, we're able to offer a deeper perspective on market trends. This is a fairly classical when it comes to visuals and trading.
Green bars show the trader when the asset is in an uptrend. On the flip side, red bars mean things are heading down, signaling a bearish movement driven by selling pressure. These color cues make it easier to catch the sentiment and direction of the market in a glance.
Yellow boxes are also displayed by the oscillator. These boxes highlight potential turning points or peaks. When the market comes close to these points, they can provide a heads-up about the possibility of changes in momentum or even a trend reversal, helping a trader make informed choices quickly. These can be looked at as possible reversal areas simply put.
Settings:
Users can adjust the number of neighbours in the KNN algorithm and choose the periods they prefer for analysis. This way, the tool becomes a part of a trader's strategy, adapting to different market conditions as they see fit. Users can also adjust the smoothing used by the oscillator via the smoothing input.
Bitcoin to GOLD [presentTrading]**Introduction and How it is Different**
Unlike traditional indicators, the BTGR offers a unique perspective on market sentiment and asset valuation by juxtaposing two seemingly disparate assets: Bitcoin, the digital gold, and Gold, the traditional store of value. This article introduces an advanced version of this ratio, complete with upper and lower bands calculated using standard deviations. These bands add an extra layer of analytical depth, allowing for more nuanced trading strategies.
BTCUSD 12h bigger picture
**Economic Principles**
The BTGR is rooted in the economic principles of asset valuation and market sentiment. Gold has long been considered a safe haven asset, a place where investors park their money during times of economic uncertainty. Bitcoin, on the other hand, is often viewed as a high-risk, high-reward investment. By comparing the two, the BTGR provides insights into the broader market sentiment.
- Risk Appetite: A high BTGR indicates a bullish sentiment towards riskier assets like Bitcoin.
- Market Uncertainty: A low BTGR suggests a bearish sentiment and a flight to the safety of Gold.
- Asset Diversification: The BTGR can be used as a tool for portfolio diversification, helping investors balance risk and reward.
**How to Use It**
Setting Up the Indicator
- Platform: The indicator is designed for use on TradingView.
- Time Frame: A 480-minute time frame is recommended for more accurate signals.
- Parameters: The moving average is set at 200 periods, and the standard deviation is calculated over the same period.
**Trading Signal**
Long Entry: Consider going long when the BTGR crosses above the upper band.
Short Entry: Consider going short when the BTGR crosses below the lower band.
Note: Due to the issue that the number of trading is less than about 100 times, the corresponding strategy is not allowed to publish.
Philpose's Binary Turbo 1.2Hello there,
I'm thrilled to introduce my very first TradingView indicator - "Philpose's Binary Turbo 1.0." This indicator isn't just another tool; it's my unique take on binary options trading, powered by the Relative Strength Index (RSI).
Differences from Other Indicators:
This indicator is designed for traders who prefer short-term trading, as it uses a 1-minute timeframe.
It assumes that RSI crossovers of overbought and oversold levels can be used to generate binary options signals.
Users should backtest and evaluate the indicator's performance in different market conditions and consider risk management strategies.
Custom Logic: This indicator implements a custom trading logic based on RSI crossovers of overbought and oversold levels. Many indicators on TradingView use standard indicators, but this script incorporates unique logic.
Signal Tracking: It tracks and displays the last buy and sell signals on the chart. This visual representation can be helpful for traders to see when signals were generated.
Streak Tracking: The script keeps track of winning and losing streaks, which can provide traders with insights into their trading performance over time.
Table Summary: It creates a table summarizing various statistics related to the signals generated, such as total signals, wins, losses, and streaks. This tabular representation can be useful for traders to assess the indicator's performance.
How to Use:
To use this indicator effectively, follow these steps:
Add the Indicator: Copy and paste the script into TradingView's Pine Script editor. Then, apply the indicator to the chart.
Customize Parameters: Adjust the RSI parameters (period, overbought, and oversold levels) and the minimum bars between signals according to your trading strategy and preferences.
Interpret Signals: Buy signals are generated when the RSI crosses above the oversold level, and sell signals occur when it crosses below the overbought level.
Analyze Streaks: Keep an eye on the win and loss streaks to assess the indicator's performance and your trading strategy.
Review Table: The table at the top-right corner of the chart provides a summary of important statistics related to signals, wins, losses, and streaks.
Markets and Conditions:
The script can be used in various financial markets, including stocks, forex, commodities, and indices. However, it's important to note that binary options trading has a distinct risk profile and is available on certain platforms. Therefore, you should ensure that your chosen binary options platform supports TradingView indicators and that you understand the specific conditions of binary options trading.
Conditions for Use:
This indicator is designed for traders who prefer short-term trading, as it uses a 1-minute timeframe.
It assumes that RSI crossovers of overbought and oversold levels can be used to generate binary options signals.
Users should backtest and evaluate the indicator's performance in different market conditions and consider risk management strategies.
Please exercise caution when using any trading indicator or strategy, especially in binary options trading, as it involves a high level of risk, and you may lose your entire investment. It's advisable to thoroughly test any strategy on a demo account before trading with real funds and to seek the advice of a qualified financial advisor if you are unsure about your trading decisions.
Zaree - RSI Gradient FillDescription:
The "Zaree - RSI Gradient Fill" (RGF) indicator is a technical analysis tool designed to enhance the interpretation of the Relative Strength Index (RSI) by incorporating visual cues through gradient fill. This indicator aids traders in identifying potential overbought and oversold conditions in the market using the RSI as a key reference.
Details of the Indicator:
The indicator calculates the RSI of a selected source based on user-defined settings for length and source.
Traders have the option to choose from various types of moving averages (SMA, EMA, SMMA, WMA) to calculate the RSI.
RSI values and their corresponding moving average values are plotted on the chart for visual analysis.
The indicator offers customization through input settings for RSI length, RSI source, and moving average type and length.
Upper and lower bands for the RSI are displayed on the chart, providing visual cues for potential overbought and oversold conditions.
A center line is plotted on the chart to help traders identify the equilibrium point of the RSI.
The gradient fill feature enhances the visualization by coloring the space between the RSI plot and the center line based on RSI levels.
How to Use the Indicator:
Specify the RSI length and source for calculation.
Choose the desired moving average type and set the length for the moving average.
Observe the RSI values, moving average lines, and the center line plotted on the chart.
Pay attention to the position of the RSI values relative to the upper and lower bands. Values above the upper band suggest potential overbought conditions, while values below the lower band indicate potential oversold conditions.
Interpret the gradient fill between the RSI plot and the center line. The color changes provide additional visual cues about the RSI's strength compared to the center line.
Example of Usage:
As an experienced swing trader, you can leverage the RGF indicator to fine-tune your trading decisions. Here's an example of how you might use the indicator:
Select your preferred RSI length and source, such as the closing price.
Choose "SMA" as the moving average type and set the length to 14.
Observe the RSI values plotted on the chart along with the upper and lower bands.
Pay special attention to the gradient fill between the RSI plot and the center line. This coloring offers valuable insights into the RSI's position relative to equilibrium.
Look for instances where the RSI values cross above or below the upper and lower bands. These crossings can signal potential trend shifts or reversals.
Use the gradient fill colors to quickly assess the strength of the RSI's deviation from the center line.
Remember that the RGF indicator is a powerful tool to complement your trading strategy. Consider combining its insights with other technical and fundamental analyses for well-informed trading decisions.
Feel free to adjust the indicator settings according to your trading preferences and style. While the RGF indicator provides valuable visual cues, always consider the broader context of the market before making trading choices.
