Qube is an indicator that shows market regimes. It is able to detect medium and long term trends and ranging markets. If the indicator bars are colored blue and are between the two blue lines, it means that the market is in sideways movement or consolidation. If indicator bars cross the upper boundary and are colored green, it means that the market is in an...
The most basic of trend indicators is the price change over some period of time. Rate of change is the most common indicator to use which calculates the current price minus the price n bars back. I've written this indicator to solve several problems the default value of ROC. 1. We're interested in the magnitude or strength of the slope of change. 2. We need a...
This indicator uses momentum, emas, macd trend, probability to find the best entry for both long and short positions. L = Long When the low goes below the green line (ema fast low), close is above open and momentum is up S = Short When the high goes above the red line (ema fast high), close is below open and momentum is down XS = Exit short at potential...
Hello All, I have made a momentum indicator based on the distance from exponential moving average. This captures both buy and sell cycles effectively. The logic is to calculate the distance of closing price from an exponential moving average ( I use 13 period - You are free to choose any other period) - this is the dim grey line which you can toggle off too....
This indicator was originally made to help users following along with one of our strategies that we call The Outback (hence the name). One of the component indicators of that strategy is an RSI with a Hull Moving Average added on top of the RSI as an additional reference for the momentum of the RSI. Many people either had difficulty setting this up correctly,...
Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend. Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump. How this indicator works : If the Crypto-DX cross above the zero-level, it could be an indication that there is a...
Strategy and indicators are explained on the Chart. Here's how i read the chart. Entry: 1. Let the price close above the Ichimoku cloud 2. Price is above Volume Support zone 2. Make sure that momentum indicated with Green Triangles for Long Position Exit: 1. Orange cross at the bottom of the candle indicates price is about to weaken 2. Best time to exit...
Effortless Scalping is an indicator that primarily is used for stock options trading. Effortless Scalping is based off of momentum. Our script takes into account the price action, volume, and historical data points of a stock to give potential "buy" and "sell" areas. Effortless Scalping is a protected script because its Buy and Sell signals are based off of...
Cutlers' RSI is a variation of the original RSI Developed by Welles Wilder. This variation uses a simple moving average instead of an exponetial. Since a simple moving average is used by this variation, a longer length tends to give better results compared to a shorter length. CALCULATION Step1: Calculating the Gains and Losses within the chosen period. ...
This is a variation of Wilder's RSI that was altered by Michael Harris. CALCULATION The average change of each of the length's source value is compared to the more recent source value. The average difference of both positive or negative changes is found. The range of 100 is divided by the divided result of the average incremented and decremented ratio...
TMO - (T)rue (M)omentum (O)scillator) MTF Arrows Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows. There are Four Types of Arrows: 1. TMO Arrow Up - Visualizes...
TMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the...
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our sixth one we are automating is " I Tested ''7% Profit Per Day" Scalping...
// Conversion Range Candles // Compares price action range with that of the value currency (e.g. ETHBTC compared to BTCUSD). // Public Domain // by JollyWizard
Velocity (which is often called a "smoother momentum" since it is much smoother than momentum without lagging at all) with an addition of ATR normalization Since velocity is (even when normalization is applied) is not an indicator with fixed bounds, this indicator is uses floating levels for what is usually called overbought and oversold levels (+ a floating...
In any market there are two major sets of participants, Retail traders (like you & I) who command relatively small amounts of capital and typically enter and exits positions quickly, and then Institutional Traders (sometimes referred to as whales) who command large amounts of capital and dictate the overall trend of the market but enter and exit positions slowly....
This script mixes the Lazybear Momentum indicator, ADX indicator, and EMA. Histogram meaning: Green = The momentum is growing and the ADX is growing or above your set value Red = The momentum is growing on the downside and the ADX is growing or above your set value Orange = The market doesn't have enough momentum or the ADX is not growing or above your value...
The Scallop Pattern identifies momentum reversal. The pattern consists of two candles and the direction to trade is confirmed in the following candle. An example trade is shown in the picture. s3.tradingview.com A Stop Limit order is generally used to enter the long position.