Simple Overbought/Oversold indicator
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Works on Bullish divergence indicators and is identical to MACD during an uptrend, works best on 2H or higher timeframes.
Incorporates a SL which can be changed at will. SL is also used as a buy signal on lower timeframe crossovers.
Uses 6H MACD to differentiate between up and downtrends.
Recommend to take profits at pivots, trendlines instead of strategy's...
This is similar to regular WaveTrend Oscillator except:
- replaces hlc3 input with a weighted log formula for better stability/performance on high volatility charts
- zero-centered scaling
- SMA crossovers above and below OB/OS thresholds are marked as buy/sell signals
blue area is srd (simrido. i cannot find proper english word. so i named it srd)
red is ADX
if blue is increasing (or higher than 50), it mean price increasing.
ok i like SRD. it looks like RSI. so good!
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blue increase + ADX decrease = price can be decrease soon (or decreasing already?)
This is not my idea. it something like Divergence...
well....i...
After the release of BUBD+ here comes BRED- for calling the tops.
6 indicators are tested for the presence of any bearish Divergences and are plotted on chart as soon as they are.
Note - Price can move up after bearish divergence as well so its not foolproof. However multiple bearish divergences signify that bulls are losing power and price might reverse...
BUBD checks for price divergence from oscillators across 6 different oscillators - MACD, CCI (Vol. weighted), RSI, Stochastic RSI, Money Flow and Relative Vigor index. Use it to find good entry spots for longs and also to find downtrend reversals. If this gets popular I will release a Bearish divergence indicator as well.
Please check your stock/crypto across...
I made this script to incorporate Stochastic RSI with EMA crossovers and VMACD, it is only to buy and sell (Users can modify it create shorts)
I personally recommend only using this when a downtrend reversal is imminent as it finds the bottom well. Signals generated on a downward moving StochRSI must be ignored. Used best with StochRSI and VMACD...
Indicator plots Money Flow Indicator (Chaikin). This indicator looks
to improve on Larry William's Accumulation Distribution formula that
compared the closing price with the opening price. In the early 1970's,
opening prices for stocks stopped being transmitted by the exchanges.
This made it difficult to calculate Williams' formula. The...
This script idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signals. RMI is bit like RSI with a built-in momentum factor and works well with Renko.
Signals can optionally be...
waveTrend is very very very nice script.
and i also like ichmoku
yesterday 'nssoholik' gave me some idea that is rsi+ichmoku
and this is wt+ichmoku
easily
red to green = buy
green to red = sell
nssoholik learned this idea and i made it in TV.
the thick line is RSI.
thin lines are from ichmoku standard(base), turning
sell when the RSI color changed to red(or yellow)
buy when the RSI color changed red to green(or yellow)
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nssoholik 님의 요청으로 만들었습니다.
두꺼운 선의 색이 변하는 순간에 매매하는 것입니다. 녹색으로 변해갈때 사고, 빨강으로 변해갈 때 팝니다.
buy when a bullish crossover occurs below the 0 level and sell when the blue line reaches the 100 level.
Started coding yesterday so, please let me know what can i improve.
![ZECBTC: WaveTrend Oscillator [Krypt]](https://s3.tradingview.com/n/N9dGUuL4_mid.png "WaveTrend Oscillator [Krypt]")
