"This code creates a technical analysis indicator used to calculate and visualize the WillyCycle oscillator and double moving average indicators on the price of a financial asset. The functionality can be summarized as follows:
*Calculate the WillyCycle oscillator: The WillyCycle is an oscillator calculated based on the highest and lowest values of an asset. This...
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.
...
Similar to the USI:ADD index, the NYSE TICK index measures the number of stocks with in the index with positive ticks versus negative ticks. Levels such as +/- 1000 or +/- 2000 can be considered as areas of overbought and oversold.
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...
The RSI is an excellent indicator for determining when equities are overbought/oversold. Though I believe there is a shortcoming in using the 70/30 levels since they are static and do not adjust for when an equity is trending. It stands to reason that in a downtrend, the overbought might be less than 70 and the oversold less than 30—Vice versa for a bull trend....
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...
Plots Williams Percent Range over bought/oversold indicator as a small overlay in top right corner.
De-clutter chart when all you're interested in is the real-time W%R to 'give permission' to enter a trade.
i.e. to remove the Williams %R lower pane from the above chart completely.
~~User Inputs~~
~W%R length
~Number of bars to show (default is last 6 bars)
~Plot...
Custom Stochastic Oscillator with range plot. Can be used to better identify overbought/oversold conditions within a single bar. In addition to the default Stochastic:
%K line smoothing algorithm selection;
%D line smoothing algorithm selection;
%K line high/low plotting;
%K line high/low calculation factor (in bars, default 1).
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...
I believe that everyone should monitor the basic indicators; EMA/SMA cross, BB and RSI on at least TWO timeframes before making any trading decisions. And because that is only possible on paid subscriptions, I created this indicator for people just getting started.
It allows you to plot all of the mentioned AND 2 weeklies of your choice on 1 chart INCLUDING a...
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...
