It can be interesting to have an indicator displaying two rescaled measures, thus ending with an indicator that allow the creation of more complex trading rules (conditions), this is what is intended with the price/volume normalized oscillator (PVNO) who normalize both volume and price in order to display them together. Volume is considered an important factor as...
This is based on the original TSI Indicator that's already built in. The PC is originally taken as the change between the current price - the previous price. I substituted that with Rate of Change. Using a 1 period ROC it's quite similar to the TSI Indicator and increasing the length results in a smoother TSI. I hope it helps, Andre
This is an improved version of the existing QQE. Its performs better because it relies on Williams %R instead of the RSI. The simplicity of the Williams %R gives the QQE better performance resulting in less false signals. It works across all instruments, especially volatile ones.
This Indicator comprises the following individual indicators: - RSI 4 - Stochastic 14,3,3 - DMI Stochastic 10,3 Analisis: - By using this indicator alongside with the 4 in 1 JN Indicators (posted before this one), you can determine the change in trend when: - When the bollinger bands are broken - When an EMA is reached - When all lines in the indicator are above...
This indicator was written in order to apply bar limit in strategies and it was published as open code so that everyone can use it. When backtesting with stock market api data, we determine how many bars should be, not from which date the data will be drawn. For example, we can draw 1000 bar data from stock exchange and perform the backtest on this data. You can...
This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow...
with this script you can follow ema8 of RSI and also SMA20 of RSI with ∓ 2 standart deviation
No matter how much I like PineScript, there are still things missing in the language. One of the most annoying issues is that you cannot set dynamic length value for highest/lowest functions. This length must be fixed integer. But it doesn't make sense in a lot of cases, when you'd like to know what was the highest/lowest value of a series SINCE EVENT in the past,...
It measures the balance between distance of low and close and distance of high and close. From this balance a fast and a slow moving average is calculated and like MACD a histogram of their smoothed difference is drawed.
A tool to mine bar patterns statistics.
This is RSI based on Kaufman’s Adaptive Moving Average. Drawing line flatter than normal RSI. In My sense, it can easier find Divergence than normal RSI. I use William Delbert Gann's short cycle of "multiples of 7" for the default setting. Or, you can choose and customize a setting from my preset.
Signals when there is a breakout from the trading range(donchian channel up to 300 bars back).
NYSE Volume UP FLOW VS Down FLOW ULTIMATE StokedStocks BASED OFF THE VOLD INDEX The VOLD (also $VOLD) is the difference between the up volume and down volume on the NYSE. i.e. NYSE $UVOL minus $DVOL; the net up volume. If you consider that VOLD is the net value between UVOL (up volume) and DVOL (down volume) then you need to understand these two to understand...
Phase Calculation was authored by John F. Elders in the Stocks and Commodities Magazine 11/1996 This indicator will tell you if the stock is in a uptrend or downtrend. A phase number with a low number means it is in a uptrend and a phase number with a high number means it is in a downtrend. Let me know if you want to see me write code for different indicators!
We have set a period such as EMA to use 5 minute bars and the first band is period 60 and 100 EMA. The color of the belt changes according to the position of the period 5EMA-25EMA-50EMA. The second sash is based on a 60- and 100-EMA period of 15 minutes. The change in the color of the obi is also a 15-minute specification. Since the above period can be changed, I...