The indicator consists of several features: Candlestick chart: The indicator plots a candlestick chart based on the input parameters of the user. The candlesticks are colored blue or orange depending on whether the closing price is above or below the upper and lower bands. Support and Resistance levels: The indicator also plots support and resistance levels...
The indicator incorporates a volume filter to ensure that the RSI only moves when the volume is above the moving average of the volume. The filtered RSI is then used to calculate the Bollinger Bands and moving averages, providing insights into the market dynamics. It also gives you insight into the bigger timeframes so you can monitor momentum! Volume Filter...
In compare to Tradingview Connors RSI, in this one you can choose which of the parts of the CRSI you want see: RSI Connors RSI Up/Down RSI Percent Rank The Connors RSI is a technical indicator developed by Larry Connors. It combines three different elements - price momentum, relative strength, and mean reversion - to identify potential buy and sell...
Well, guess what? A new indicator is here! Again it's a coincidence, as I experiment with my formula. So far it's less noisy than Autoregressive Covariance Oscillator, so possibly this one is better. The formula is much simpler, care me to explain. ___________________________________________________________________________________________________ Yt = close -...
This oscillator can be customized by adjusting the length of the Willy period, the length of Willy's EMA, and the upper and lower bands. The upper and lower bands help traders identify overbought and oversold conditions. The WillyCycle Oscillator is a technical analysis tool used to measure the momentum of an asset and identify overbought and oversold conditions...
This amazing oscillator displays the difference between the hull average calculated on the close of the candles and the one calculated between the average of the highs and lows. This allows the user to identify the pressure of the closing price over the average, useful to identify trends, divergences, and reversals. This indicator also has two dynamic overbought...
Library "MomentumIndicators" This is a library of 'Momentum Indicators', also denominated as oscillators. The purpose of this library is to organize momentum indicators in just one place, making it easy to access. In addition, it aims to allow customized versions, not being restricted to just the price value. An example of this use case is the popular...
One of the ways I go when I develop strategies is by reducing the number of parameters and removing fixed parameters and levels. In this strategy, I'm trying to create an RSI indicator with a dynamic length. Length is computed based on the correlation between Price and its momentum. You can set min and max values for the RSI, and if the correlation is close to 1,...
The True Momentum Oscillator (TMO) calculates the delta of the price using the open and close. We have taken the true momentum oscillator a step further and have added the momentum of the main signal (TMO) and the smooth signal line. We believe this helps give a clearer picture of price momentum and helps verify crossovers of the TMO and the smooth signal line....
It's a script that computes volatility-adjusted momentum indicators. The problem with the momentum indicator is that it's absolute and it's hard to interpret its value. For example, if you'll change the timeframe or instrument value of Momentum will be very different. We tried to solve that by expressing momentum in volatility. This way you can easier spot...
Introduction This here is a non-repainting indicator where I use inverse Fisher transformation and smoothing on the well-known CCI (Commdity Channel Index) momentum indicator. "The Inverse Fisher Transform" describes the calculation and use of the inverse Fisher transform by Dr . Ehlers in 2004. The transform is applied to any indicator with a known probability...
Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend. Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump. How this indicator works : If the Crypto-DX cross above the zero-level, it could be an indication that there is a...
Trend Friendly RSI Unlike the standard RSI, "Trend Friendly RSI" adapts to the trend. RSI and other momentum-based oscillators cannot give a buy signal in uptrends and a sell signal in downtrends because they do not take into account the momentum of the trend and behave as if the price is in a constant sideways trend. "Trend Friendly RSI", on the other hand, takes...
The Multi-timeframe momentum indicator is similar in concept to a velocity indicator like rate-of-change, but visualizes smoothed price changes by applying an EMA and linear regression to price difference at every bar. Momentums from 1 minute to 1 quarter are plotted on a single chart using the request.security function. Standard and Fibonacci timeframes are...
This Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read momentum indicator, I smoothed the momentum out and paired it next...
The columns After I found a way to calculate a price as a percent of the middle line of the KeltCOG Channel in the KCGmut indicator (published), I got the idea to use the same trick in the Fbonacci Zone Channel (also published), thus creating an oscillator. I plot the percent’s as columns with the color of the KeltCOG Channel. Because the channels I created and...
From TradingView's description: Williams %R (%R) is a momentum-based oscillator used in technical analysis, primarily to identify overbought and oversold conditions. The %R is based on a comparison between the current close and the highest high for a user defined look back period. %R Oscillates between 0 and -100 (note the negative values) with readings closer to...
Based on the Elder Force Index (EFI) indicator, the Viral Force Index (VFI) attempts to normalize the original indicator by plotting EFI on the interval ]-100, 100 [. VFI comes with a bar coloring feature, allowing users to get an idea of the current value of the indicator without having to look away from the chart. Additionally, the linear regression line...