Three trend indicators in one. Fork of Gunslinger2005 indicator, with a fix to display the nQQE oscillator correctly and clearly, and converted to pinescript v5 (allowing to set a different timeframe and gaps). How to use: Essentially, nQQE is a long term trend indicator which is more adequate in daily or weekly timeframe to indicate the current market cycle....
Divergence for Many Panel (D4MP+) This Divergence for Many Panel indicator is built upon the realtme divergence drawing code originally authored by LonesomeTheBlue, now in the form of a panel indicator. The available oscillators, hand picked for their ability to identify high quality divergences currently include: - Ultimate Oscillator (UO) - True Strength...
Level 1 Background This technical indicator can judge the upside potential of individual stocks based on the slope Function This technical indicator determines whether the trend continues or reverses by defining a fast slope and a slow slope. If it shows a golden cross to buy at a low level, a dead cross to sell. It can be combined with other types of fast...
This is my Double RSI Trend Indicator. It issues Buy and Sell signals based on the Supertrend and a double RSI . The RSIs cross near or at the same time as the Supertrend fires. It has the ability to change if you want signals based on the RSI cross on the same candle, one candle before, and two candles before. I find this one extremely good at catching...
Thats our first RSI DIV indicator for free use. What is an RSI divergence? What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI...
This strategy uses: -Boom Hunter Pro with adjustments -Hull Suite with adjustments -Volatility Oscillator with adjustments This is to be used with the Karbon Money Management System.
MACD Ribbon is created from my personal observation to XAUUSD price movement in very small timeframes such as M1 or M5. It is used to indicate possible price reversal point.
- This indicator uses a modified type of ADX , that offers a cleaner layout and improved signals. The indicator can be used by traders to identify possible tops, bottoms and changes in trends - If the purple line moves downward after having been inside of the red line signals that a security possibly can have reached the bottom - If the purple line moves upward...
This indicator allows you to set up entry signals based on your own conditions. Note that this indicator DOES NOT give any information about exits. It is not intended to be a signal indicator that someone could blindly follow. It is intended for use in backtesting to help spot entry points more easily. Also note that this indicator DOES NOT plot anything other...
This indicator plots the difference between the close and a selected moving average. It then can apply 1-3 moving averages of the indicator itself. One way you might use it is, say, you have a 50ma on price on your chart. You set the Distance from Avg to use the 50ma on price to compare to close. Then, you add a 50ma of the indicator itself. You can now...
Level 3 Background By modeling skew to produce long and short entry points. Function The concept of skew comes from physics and statistics, and is used in market technical analysis to reflect the expectation of future stock price distribution. Because the return distribution of stocks in the trend market has skew (Skew), it is reasonable to judge the trend...
True Range Score: This study transforms the price similar to how z-score works. Instead of using the standard deviation to divide the difference of the source and the mean to determine the sources deviation from the mean we use the true range. This results in a score that directly relates to what multiplier you would be using with the Keltner Channel. This is...
This version of Bollinger Bands measures the average volatility. By taking the 75th percentile of the average absolute value of the difference between the Source and the Mean divided by the Standard Deviation and using that as our multiplier for our Bollinger bands we can have a statistically safe trading zone. You notice that its dynamic, this is because it take...
Have you ever wondered how much the RSI can vary during an open session? How much wicks can make the RSI overshoots before it retraces for the close? This indicator plots the RSI shadow, which is the area between the highest and lowest RSI values attained during each open session, from the high/low wick price candle (ie, not the open value). Technically, we...
The Hull Butterfly Oscillator (HBO) is an oscillator constructed from the difference between a regular Hull Moving Average (HMA) and another with coefficients flipped horizontally. Levels are obtained from cumulative means of the absolute value of the oscillator. These are used to return dots indicating potential reversal points. Settings Length: Number of...
This script tells you what standard deviation the price is from the mean. Due to the limitations of the calculations this study only works for stocks. Further limitations include and inability to calculate past 10 deviation. I have added a smoothing feature and the ability to change the colors. Dont be afraid to change the style to line instead of a histogram. Enjoy!
This script helps you discern the relative change of each leg in a two-legged spread over a given period. The main plot is a difference in log return over the number of bars identified by the "lag" parameter. E.g. if "lag" is 10 and leg one has increased 3% over the past ten bars, while leg two has only increased 1%, the plot value is 2%. The main plot is also...
A unique non-standard RSI formula with my extensions. The indicator is displayed without delays and repaints, immediately after the close of the candle. This formula allows me to correctly include the moving average in the calculation. The calculation allows me to display RSI with any type of MA. By default I use EMA, with this type of MA my RSI is not visually...