This indicator tells you how many bars it takes to get from one pivot point to another. This can give you a probability of when an upward or downward pivot is 'overdue'. As is the nature of pivot points, this naturally lags by default by half of the pivot length!! eg. if the pivot length is set to 6 the indicator will give you the pivot point 3 bars...
This is my latest bandpass filter - used to determine if a security is in a trend or cycle. Now with an adaptive period setting! I use Ehlers in-phase & quadrature dominant cycle measurement (IQ IFM) method to set the period dynamically. This method favors longer periods which tend to produce smoother, albeit laggier bandpass oscillator plots. From my quick tests,...
Several views of Aroon Indicator - original, binarized, smoothed and differenced. More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily. ***Added differenced Aroon view as well as corrected minor shortcomings***
Developed by Larry Williams, Williams %R is a momentum indicator much like the Stochastic Oscillator and is especially popular for measuring overbought and oversold levels. The scale ranges from 0 to -100 with readings from 0 to -20 considered overbought, and readings from -80 to -100 considered oversold. Typically, Williams %R is calculated using 14 periods and...
Three views of Aroon Indicator - original, binarized and smoothed. More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily. Note that the smoothed Aroon can be viewed as a channel indicator when normalized to price series.
RSI and Stochastic RSI Same Chart Turn on StochRSI crossover signals Customizable values
I m test this strategy based on lazybear rsx. L - Long S - Short C - Close positions Don't recommend to use close bars!
Plots the relative performance of a stock to a chosen market (default: SP500) as a sliding window average over three different time periods (50, 100 & 200 candles)
First off, a huge thank you to the following people: @LEGION: @LazyBear: www.tradingview.com @xSilas: www.tradingview.com @Ni6HTH4awK: www.tradingview.com @sco77m4r7and: @SNOW_CITY: www.tradingview.com @oh92: www.tradingview.com @alexgrover: www.tradingview.com @cI8DH: www.tradingview.com @DonovanWall: www.tradingview.com This is my second iteration...
First off, a huge thank you to the following people: LEGION: LazyBear: www.tradingview.com xSilas: www.tradingview.com Ni6HTH4awK: www.tradingview.com sco77m4r7and: SNOW_CITY: www.tradingview.com oh92: www.tradingview.com alexgrover: www.tradingview.com cI8DH: www.tradingview.com DonovanWall: www.tradingview.com Since I've been on TradingView I've become...
Draws a channel based on ATR (Average True Range) and RSI. Detects band touches and colors the background appropriately.
This indicator is NOT used for entry and exit conditions when trading. Instead, it's purpose is to tell you what the state of the market is: trending or cyclical. >WHO IS THIS FOR? This is especially useful for strategies that use scalping or martingale betting to turn a profit. You don't want to be caught in a bullish trend with several open short orders. Algo...
This script measures the correlation of the hourly RSI of 24 hours ago with the difference of price between now and the price 24 hours ago. In other words, this is an indicator which measures the predictive power of the RSI. Green means that the price is strongly correlated with the past RSI (which is the normal state when the market is flat and there is no...
by this script you can see the average level of macd, macd-asprey, rsi, stochastic, cci, momentum, obv, DI, volume weighted macd, cmf indicators within a period. It also calculates and creates the same graph for higher time frame, so you can see average levels for current and higher time frame. you can also check it for divergence/convergence. You can use it as...
This indicator can be added on any type of chart (including Heikin Ashi chart). There is a little trick with the tickerid, read details in comments.