This takes Ehler's work that dynamically finds the frequency of market cycles and applies it to the concept of Bollinger Bands. First the dominant cycle length is found using Ehler's methods, this is then used as the length to the moving average and deviation. I also ended up using an exponential average rather than a simple average for both the moving average...
This is my first script, a strategy I tested on the ADABTC pair, 30m Time Frame. To made this strat I used the Wave Trend Oscillator from LazyBear and some calculations to measure the confirmation candle and the previous candle. The idea for this strat is to enter the market on a lower level through the wt1-wt2, catching a possible bounce back. For us to not...
This is an excellent indicator thanks to the code author LazyBear! I have modified to a more appealing colors visually representing market condition. 2 Backgrounds Uptrend/Sell: Uptrend above Orange line, Sell potential area. Downtrend/Buy: Downtrend under Orange line, Buy potential area. I have modified by adding previously unrecognized upper and lower...
Take on LazyBear's SB_RSI/MFI with Volatility Indicator. The original indicator is coupled with the Bollinger Band strategy. Original Idea: Wanted to test the indicator with bbstrategy. Message if you think of any modifications/ enhancements/ any opportunities. :) Donations/Tips... :) - BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2 ETH:...
The strategy is based on LazyBear's Elder Impulse System Strategy(in layman terms): Long: When the green bar in the Elder Impulse System's indicator shows up Short: When the red bar in the Elder Impulse System's indicator shows up Close trade/Profit booking: When the blue...
A take on LazyBear's Wavetrend_Oscillator The idea is bit modified. Original Idea: When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal. Modified...
Chart based on True Strength Indicator It was improved to show same information as Squeeze Momentum Indicator by LazyBear, but it seems to have better and quicker response to changes and was tested on Bitcoin mainly. Enjoy it! BITFINEX:BTCUSD
Divs and candle alignment a little easier to see - volume/2 to size correctly - could still use some refining All credits to LazyBear for his color volume bar source code
Copied this from pastebin.com per LazyBear's instructions on a TradingView forum. Many thanks to LazyBear for figuring this out.
** From the original work of LazyBear ** Thanks for his Squeeze Momentum indicator This strategy gives acceptable result on EUR/USD - 1H chart with default parameters
This is the volume version of "DecisionPoint Breadth Swenlin Trading Oscillator" DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below. I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom...
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. This is a breadth indicator. STO is designed to be calculated using either issues or volume, I will post a follow up indicator that makes use of volume. You can read about the interpretation of the signals (& gotchas) in the link below. I have added support for NYSE /...
The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual...
This updates Blau's excellent Candlestick oscillator to be adaptive by using the length of a scaled stochastic indicator and an exponent (for calculating the smoothing coefficient) to obtain the moving average. Check out the options page for configurable variables. More info on Ergodic Oscillator: Book: "Momentum, Direction and Divergence" by William...
The slow relative strength index (SRSI) indicator created by Vitali Apirine is a momentum price oscillator similar to RSI in its application and interpretation. Oscillating between 0 and 100, it generates both OB/OS signals and midline (50) cross over signals and divergences. As author suggests, bullish/bearish divergences generated by SRSI are not as effective...
Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but @ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go... This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here - bit.ly Now,...
Lets go with another adaptive indicator today. BTW, this is my 199th script (1 more and I am planning to work on my other backlogs). This is the adaptive version of Ehlers' Center Of Gravity (CG) (already published, check "More info" below). Idea behind making something "adaptive" is to calculate it using dynamic cycle period inputs instead of static setting. In...
Another famous Ehlers indicator. This is the adaptive version of Ehlers' Cyber Cycle (CC) (already published, check "More info" below). Idea behind making something "adaptive" is to calculate it using dynamic cycle period inputs instead of static setting. In adaptive cyber cycle, Ehlers uses the dominant cycle period as the length in computation of...