There are some ideas out there that the market is like a collection of quantum events and that it could all be broken down into sine waves. I created this script to put that to the test. The idea is simple, I tested 3 different factors that could be put into sine wave form. 1.) Bar Change 2.) Volume Average Change 3.) Coin Flip For the bar change, I...
This is a combination of 9 common use indicators turned into on single oscillator. These indicators are: 200 day moving average cross, 9/12 ema cross, 13/48 sma cross, rsi, stochastic, mfi, cci, macd, and open close trend. I have weighted the scores to be pretty even so that its balances each indicator in the sum. Because of the odd number of indicators, I have...
This script scans 20 custom symbols and displays the QQE Students T-Distribution Bollinger Bandwidth as a percentage, the quarter segment percentage, a score that tells you what segment of the band the price is in, and what direction the market is going in. This is useful because it can tell you how volatile a market is and how much reward is in the market. It...
█ OVERVIEW This oscillator calculates the directional strength of bars using a primitive weighing mechanism based on a small number of what I consider to be fundamental properties of a bar. It does not consider the amplitude of price movements, so can be used as a complement to momentum-based oscillators. It thus belongs to the same family of indicators as my ...
The Swing Oscillator is an indicator that can help you catch small price movements, called swings. Swings are minor trends that occur when price moves between the highs and lows of a trend or range. Because of the short-term nature of swings, a new movement should be identified as soon as possible. The indicator is based on our original formula, which averages the...
This script lets you pick 20 symbols to check for ma crosses. The way it works is it scans all 20 of your symbols for moving average crosses and then it sends an both a regular alert and a visual alert inside of the indicator. I found that ma cross strategies are very popular right now so I thought it would be nice to have one indicator instead of 20 discord...
Credit to all of the developers on this project (aka all of the places I got the code from lol) @eylwithsteph @storma @Fractured @lejmer @AlexGrover @Montyjus @Jiehonglim @StephXAGs @peacefulLizard50262 @gorx1 @above-c-level This script utilizes @above-c-level 's Student's T-Distribution script to give us a great estimation of volatility. I took this idea and...
Credit to all of the developers on this project (aka all of the places I got the code from lol) @eylwithsteph @storma @Fractured @lejmer @AlexGrover @Montyjus @Jiehonglim @StephXAGs @peacefulLizard50262 @gorx1 @above-c-level This script utilizes @above-c-level 's Student's T-Distribution script to give us a great estimation of volatility. I took this idea and...
This is a simple trend indicator that gives you a few options on how to view the data. The way this works is it takes the open, close, high and low and it smooths them with an exponential moving average. Next we smooth a bit with a simple moving average to clear up the data. Finally we normalize everything to the average high and low. With this you can compare the...
This is just a Fibonacci Retracement tool with some interactive information based on the actual closing price How to use: add the script, input left bottom with the 1st click, input top with the 2nd click Informations you can see than: Fiblevel (Price) %till_this_point = pricedifference additional: Bottom of the fib Range Up in % +...
Here is a new screener for everyone. I have applied my Better Divergence On Any Indicator logic to scan 3 different indicators and up to 6 different assets at one time. Shoutout to LonesomeTheBlue and QuantNomad for their respective work on divergence and scanner scripts. I've implemented similar logic to put together this scanner. So far, I have added...
There are a million oscillators out there based on volume. My biggest problem with them is that they simply tell you whether you have volume to the upside or volume to the down side. it's kind of tricks you with the lack of information into thinking you have a change in your trend or that you're going to be able to break out of a range across a moving average or...
Hey guys, this is a faster version of TE Entries indicator. We recommend to use these two indicators together, because TE Exits indicates trend ending earlier, leaving you with much greater profits! It consists of two main lines: 1) The main plot line (red) 2) The smoothing line (yellow) You want to exit long trades when the red line crosses under the yellow...
Hey guys, TE Entries is a momentum based oscilator. It calculates current strenght of the market. It consists of two main lines and two levels: 1) The main plot line (yellow) 2) The smoothing line (blue) - when The main plot line crosses above The smoothing line, it indicates buy signal - when The main plot line crosses under The smoothing line, it indicates sell...
This is a strategy using the SPX Fair Value derived from Net Liquidity. Net Liquidity function is simply: Fed Balance Sheet - Treasury General Account - Reverse Repo Balance Formula for calculating the fair value of SPX using Net Liquidity looks like this: net_liquidity/1000000000/1.1 -1625 The SPX Fair Value is then subtracted from the SPX value which creates...
There is n number of possible ways in which we can backtest divergence and this is just a start :) In this script, we are trying to count how many times the pivots made HH, HL, LH, LL after a particular divergence state. An example of using data is as below: The script keeps track of each pivot sentiment and resulting next pivot state. As mentioned in the...
MODIFIED ADX DI+/DI- V5 Usage: To use this indicator for entry: when DMI+ crosses over DMI-, there is a bullish sentiment, however ADX also needs to be above 25 to be significant, otherwise the move is not necessarily sustainable. Inversely, when DMI+ crosses under DMI- and ADX is above 25, then the sentiment is significantly bearish , but if ADX is below 20,...
Dear Tradingview community, Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal. How does it work? The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term...