Original Stochastic Oscillator Formula: %K=(C−Lowest Low)/(Highest High−Lowest Low)×100 Lowest Low refers to the lowest low of the past n periods. Highest High refers to the highest high of the past n periods. K Stochastic Indicator Formula: %K=(Source−Lowest Source)/(Highest Source−Lowest Source)×100 Lowest Source refers to the lowest value of...
The nRSI stands as a groundbreaking enhancement of the traditional Relative Strength Index (RSI), specifically engineered for traders seeking a more refined and accurate tool in fast-moving markets. Customizable Price Change Period (n): Unlike the traditional RSI which solely relies on a fixed period for average gains and losses, the nRSI introduces an...
The Detrended Price Rate of Change is an oscillator developed to help traders identify potential conditions of overbought and oversold markets. The formula of the oscillator includes both the Detrended price formula, useful to spot divergences, and the Rate of change simplified formula, which helps in identifying overextended markets and gives useful information...
Hi! The Mxwll RSI offers an improved overhaul of the RSI calculation. Consequently, while the scaling remains similar, the Mxwll RSI generates a smoother output, diminished lag, and less confusion as to the general direction of the trend and its inherent counter trend trading opportunities. Features Overbought and Oversold Regions Bull and Bear Entry...
📈 Harmonic Trend Fusion - Your Personal Trading Assistant This versatile tool combines multiple indicators to provide a holistic view of market trends and potential signals. 🚀 Key Features: Multi-Indicator Synergy: Benefit from the combined insights of Aroon, DMI, MACD, Parabolic SAR, RSI, Supertrend, and SMI Ergodic Oscillator, all in one powerful...
The ADX Speed Derivative (ADXSD) is a cutting-edge trading indicator meticulously crafted for trend analysis. By harnessing the power of the Average Rate Of Change (AROC) method applied to the first and second derivatives (pictured in white and purple, respectively) of the ADX oscillator, this indicator transcends conventional tools, offering traders unparalleled...
The ATH (All-Time High) Drawdown Indicator, developed by Atilla Yurtseven, is an essential tool for traders and investors who seek to understand the current price position in relation to historical peaks. This indicator is especially useful in volatile markets like cryptocurrencies and stocks, offering insights into potential buy or sell opportunities based on...
Abstract This script evaluates how easy for traders to trade. This script computes the level that the gains were distributed in many trading days. We can use this indicator to decide the instruments and the time we trade. Introduction Why we think the trading markets are boring? It is because most of the gains were concentrated in a few trading days. We look for...
Introduction: Gorb DNA is a versatile indicator using classic technical analysis components such as moving averages, stochastic oscillator, and histogram blending call/put flow analysis with our proprietary DNA algorithm. This indicator is designed to provide traders with useful market direction, volume, and momentum change visual cues. Overview: The Gorb...
INFO: This indicator can be used to build-up a strategy for trading of assets which are currently in trending phase. My preference is to use it on slowly moving assets like GOLD and on higher timeframes, but practice may show that we find more usefull cases. This script uses two indicators - MACD and RSI, as the timeframe that those are extracted for is...
RSI & MA Strategy : INTRODUCTION : This strategy is based on two well-known indicators that work best together: the Relative Strength Index (RSI) and the Moving Average (MA). We're going to use the RSI as a trend-follower indicator, rather than a reversal indicator as most are used to. To the signals sent by the RSI, we'll add a condition on the chart's MA,...
The "Dope DPO" (DDPO) indicator is a technical analysis tool designed for traders to identify trends and potential trend changes in the market. It's based on the concept of the Detrended Price Oscillator (DPO), but with several enhancements for greater versatility and user customization. Key Features of the Dope DPO Indicator: Averaging Multiple Periods: ...
Pullback and Throwback candles can help traders determine the the potential reversal points USAGE The indicator identifies pullback and throwback in overbought and oversold zones by measuring the distance between the price and its relative strength index. A Pullback is an expected rebound in a downtrend (painted in green area), while a Throwback is a...
This is not your average, boring RSI indicator. This indicator is still an RSI (momentum) indicator, but I have converted the line into candlesticks. It has an option to make it glow neon blue to make it look cooler (dark background recommended for full effect). There is a red zone at 70, because of course, and a green zone at 30 for the same reason. On top of...
The Standardized SuperTrend Oscillator (SSO) is a versatile tool that transforms the SuperTrend indicator into an oscillator, offering both trend-following and mean reversion capabilities. It provides deeper insights into trends by standardizing the SuperTrend with respect to its upper and lower bounds, allowing traders to identify potential reversals and...
This strategy uses three indicators: RSI (Relative Strength Index) - It indicates if a stock is potentially overbought or oversold. CCI (Commodity Channel Index) - It measures the current price level relative to an average price level over a certain period of time. Williams %R - It is a momentum indicator that shows whether a stock is at the high or low end...
This script defines a custom Stochastic Oscillator indicator with additional visual features to assist traders in identifying potential buy and sell opportunities based on overbought and oversold conditions, as well as the crossovers of the %K and %D lines. How the Indicator Works: Stochastic Oscillator Components: - The Stochastic Oscillator is a...
What You're Looking At: The indicator presents a few key elements on its pane which is separate from the price chart: Smoothed RSI Average Line: This line represents an average of three different RSI calculations, each weighted differently. It's been smoothed out to reduce noise and help you see the trend more clearly. Moving Average Line: This is a line that...