what is Faytterro oscillator? An oscillator that perfectly identifies overbought and oversold zones. what it does? this places the price between 0 and 100 perfectly but with a little delay. To eliminate this delay, it predicts the price to come, and the indicator becomes clearer as the probability of its prediction increases. how it does it? This indicator is...
what is Faytterro Bands? it is a channel indicator like "Bollinger Bands". what it does? creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations. how it does it? it...
what is Limited Fisher Transform? This indicator is a compressed version of the Fisher transform indicator between 100 and 0 values. what it does? It allows us to define overbought and oversold zones by compressing the values of the "fisher transform" indicator between 0 and 100. also these zones are the same for every timeframe and trading pair, just like...
ABOUT THIS INDICATOR This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart. IMPORTANT * NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t...
Introduction Heyo, here is another no-repaint adaptive fisherized indicator. I added Inverse Fisher Transform, Ehlers dominant cycle analysis and smoothing to the Chande Momentum Oscillator (CMO). Usage The CMO is a momentum oscillator which shows the usual movement of an asset. I recommend to use it from a lower timeframe with a higher timeframe set. ...
what is "Colorful Channel"? it is a overbought - oversold indicator. what it does? It fills the area between the upper band of the channel and the price line with green, the area between the lower band of the channel and the price line with red color and applies a transparency to these colors according to the distance of the price from the channel lines. thus...
What is "Linear Average Price"? "Linear Average Price" is both a trend and an overbought oversold indicator . What it does? it creates a trendline and trading zones. How it does it? To create the trend line, it averages the difference between each data and chooses it as the slope of the line it creates. then it positions this line so that it passes right through...
In an attempt to improve the MACD for trading, I have added an alternative way to calculate the MACD Line and Overbought/Oversold (OB/OS) lines to filter signals. The alternate calculation I named "Modified" and put the option to select it under "MACD Calculation" in the input menu. Traditionally the MACD is calculated as fastEMA - slowEMA, for "Modified" I...
Overlay mini-plots for various indicators. Shows current timeframe; and option to plot 2x higher timeframes (i.e. 15min and 60min on the 5min chart above). The idea is to de-clutter chart when you just want real-time snippets for an indicator. Useful for gauging overbought/oversold, across timeframes, at a glance. ~~Indicators~~ ~RSI: Relative strength...
This indicator consist of tow RSI length that user can customize it. like length, overbought, oversold. like length, overbought, oversold. also it has one moving average where the user can select from different types of moving averages, price sources, lookback periods and resolutions
Multi Time Frame Stochastic Fast, medium, slow and Too slow stochastic of current time frame and higher time frame for creating view for buying or selling How to use 1. For Divergence - price making higher high but stochastic making lower high or vice versa 2. choosing strategy - whether buy the dips or sell on rise 3. deciding whether downtrend or...
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits. This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and...
Hello Traders, This indicator use the same concept as my previous indicator "CCI MTF Ob+Os". It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to...
Hello Traders, This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Green Background is...
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. The RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator displays the current RSI levels at up to 6 timeframes (of your choosing) in a grid. If...
About this indicator: - This indicator is basically a stochastic indicator that shows to you the crossover in an Overbought or Oversold area DIRECTLY on the chart How does it works: - When Stochastic crosses at Oversold area, a Blue Triangle will appear below the candle with a Blue Dotted Line at the low of the current candle - The Blue Triangle is to help you to...
The Mobility Oscillator was created by Mel Widner (Stocks and Commodities Feb 1996) and this is another of my ongoing series of undiscovered gems. I would say this is probably the most complicated script I have written for an indicator. It is extremely complicated to calculate comparing to other indicators but this is essentially an overbought and oversold...
This is MTF MACD crossover and crossunder, with EMA trend filter and MTF RSI overbought/oversold filter. Guidelines: - User can set stop loss, take profit target and risk to reward ratio in setting - ATR Stop and ATR Multiplier are use to set stop loss and take profit levels, setting are varies depend on what you are trading, play around and find appropriate...