SEC-Combined Indicator with EMA LinesTitle: Combined Indicator with EMA Lines
Description:
The Combined Indicator with EMA Lines is a technical analysis tool that combines multiple indicators to provide insights into the market's strength and potential buying or selling opportunities. It incorporates the Relative Strength Index (RSI), Exponential Moving Average (EMA) lines, and the trend over the past three days to generate signals.
The indicator calculates a combined data value by assigning weights to the RSI, EMA, and past trend. The RSI measures the strength of price movements, while the EMA lines provide an indication of the average price over a specific period. The past trend considers the price behavior over the last three days. By combining these factors, the indicator offers a comprehensive view of market conditions.
Buy and sell signals are generated based on the change in the combined data. A buy signal occurs when there is an increase in the combined data above a specified threshold, indicating a potential buying opportunity. Conversely, a sell signal is triggered when there is a decrease in the combined data below a specified threshold, suggesting a potential selling opportunity.
The indicator also plots the EMA lines, which include the EMA High, EMA Average, and EMA Low. These lines provide additional visual cues about the price trend and potential support and resistance levels.
Traders can use the Combined Indicator with EMA Lines to identify potential entry and exit points in the market. It helps in capturing trends, evaluating price strength, and making informed trading decisions. The buy and sell signals, along with the EMA lines, aid in spotting potential reversals, confirming trends, and managing risk.
It's important to note that this indicator should be used in conjunction with other analysis techniques and risk management strategies. Traders should consider combining it with additional indicators, chart patterns, and fundamental analysis to enhance their trading decisions.
Remember to backtest and validate the indicator's performance using historical data before using it in real-time trading. Adjust the input parameters, such as RSI period, EMA period, and threshold values, to suit your trading style and market conditions.
Emini
VIX Implied Move Bands for ES/Emini futuresThis script uses the close of the VIX on a daily resolution to provide the 'implied move' for the E-mini SP500 futures. While it can be applied to any equity index, it's crucial to know that the VIX is calculated using SPX options, and may not reflect the implied volatility of other indices. The user can adjust the length of the moving average used to calculate the bands, the window of days used to calculate the implied move, and the multiplier that effects the width of the bands.
Keltner Channels Color BarsAnother tweak to a classic built-in script. Simply replacing the Keltner Channels overlay plot with color bars.
Equity Index Overnight FakeoutThis script highlights when price violates the highest high or lowest low within the user's selected lookback period, with the caveat that it occurs during the GLOBEX session. The script is designed to work exclusively with the trading hours for CME and CBOT Equity Index futures. I'm planning to make a more customizable version down the line.
My reasoning behind this very simple script is that the low liquidity and participation of the overnight session creates a tendency for moves at extremes to mean revert. Let me know what you think.
VIX Term StructureThis script allows users to visualize the state of the VIX Futures Term Structure. The user is able to select from five CBOE VIX Indices; VIX, VIX9D, VIX3M, VIX6M, and VIX1Y and the script will color the candles based on the price relationship between selected indices. Visit the CBOE website for more info on how the various VIX indices are calculated.
@WACC Volatility Weighted PUT/CALL Positions [SPX]This indicator is based on Volatility and Market Sentiment. When volatility is high, and market sentiment is positive, the indicator is in a low or 'buy state'. When volatility is low and market sentiment is poor, the indicator is high.
The indicator uses the VIX as it's volatility input.
The indicator uses the spread between the Call Volume on SPX/SPY and the Put Volume.
This is pulled from CVSPX and PVSPX.
When volatility and put/call reaches a critical level, such as the levels present in a crisis or a sell off, the line will be green. See Sept 2015, 2008, and Feb 2018.
This level can be edited in the source code.
As the indicator is based on Put/Call, the indicator works best on larger time frames as the put/call ratio becomes a more discernible measure of sentiment over time.
