The values of the RSI Levels On Chart are calculated using Reverse Engineering RSI calculations by Giorgos Siligardos, Ph.D. Instead of using only the 50 line of the RSI on chart I added options for users to define the Extreme Overbought and Oversold values, also simple Oversold and Overbought values, start of Bullish and Bearish zones and the 50 rsi value....
Description: The Dual Weighted RSI (DWRSI) is a custom technical analysis tool that extends the concept of the traditional Relative Strength Index (RSI) by incorporating two different RSI calculations, each with its own timeframe and weighting factor. This unique approach allows traders to analyze market momentum through a combination of RSIs from different...
Psychological Sales Index (Psychological Sales Index) Fundamental Indicators of Market Sentiment: The Importance of MFI and RSI The two fundamental indicators that best reflect market sentiment are Money Flow Index (MFI) and Relative Strength Index (RSI). MFI is an indicator of the flow of funds in a market by combining price and volume, which is used to...
This indicator generates long and short signals. The operation of the indicator is as follows; First, true strength index is calculated with closing prices. We call this the "ergodic" curve. Then the average of the ergodic (ema) is calculated to obtain the "signal" curve. To calculate the "oscillator", the signal is subtracted from ergodic (oscillator = ergodic -...
Osmosis is a multi indicator, multi period heatmap. Lookback periods can be mysterious as it can tend to seem very arbitrary. This tool allows users to see how price/volume reacts to short to long periods by visualizing all of the periods at the same time. This is useful because small periods are only good for short term movements while long periods are useful...
Overview: The Fibonacci Averages Trend Oscillator is a unique technical indicator that leverages Fibonacci numbers to analyze market trends. It calculates the average trend sentiment over periods determined by Fibonacci numbers and smooths the result to create an oscillator. Key Features: Uses Fibonacci sequences for trend analysis. Smooths the trend data...
The "ADX and DI (Colored Candles Open-Source)" indicator is a technical analysis tool used in trading. It utilizes the Average Directional Index (ADX) and the Directional Movement Indicators (+DI and -DI) to assess the strength and direction of a price trend. The ADX is calculated based on a 14-period lookback and is displayed as a histogram. The color of the ADX...
The "F.B_Vortex Indicator Pro" is a technical analysis tool designed to identify trends in financial markets. It calculates two Vortex Indicators (VI) based on price movements, considering positive and negative price changes. The smoothed VI+ line represents the smoothed negative trend, while the smoothed VI+ line represents the smoothed positive trend. The...
The "BTC ETF Premium Indicator" (BEPI) is a sophisticated tool designed for investors and traders who seek to analyze the performance of Bitcoin ETFs relative to the actual market price of Bitcoin. This indicator provides a comprehensive visualization of the premium or discount at which each ETF is trading compared to its Net Asset Value (NAV). Functionality: ...
The Monitor X Indicator is a dynamic tool designed for any trading symbol, providing a quick and intuitive snapshot of price action relative to the latest closing level. With a user-friendly interface, this indicator allows traders to effortlessly gauge price movement and key levels. Key Features: 1. Symbol Agnosticism: Universally applicable to any trading...
Description: The Momentum Bias Index by AlgoAlpha is designed to provide traders with a powerful tool for assessing market momentum bias. The indicator calculates the positive and negative bias of momentum to gauge which one is greater to determine the trend. Key Features: Comprehensive Momentum Analysis: The script aims to detect momentum-trend bias, typically...
The "F.B_Stochastic Trend Harmonizer" has been developed to provide insights into market trends. It combines stochastic oscillations with moving averages. Stochastic oscillators are used to measure market fluctuations, while moving averages serve to smooth these fluctuations and identify trends. By linking these elements, the indicator aims to offer an enhanced...
The "Instant MACD" is a tailored version of the traditional Moving Average Convergence Divergence indicator, specifically designed to begin plotting with minimal data, such as in cases of high timeframe charts or newly listed trading instruments. Unlike the standard MACD that requires a substantial amount of data to provide accurate readings, the Instant MACD can...
## Introduction **The Versatile RSI and Stochastic Multi-Symbol Screener** **Unlock a wealth of trading opportunities with this customizable screener, designed to pinpoint potential overbought and oversold conditions across 17 symbols, with alert support!** ## Description This screener is suitable for tracking multiple instruments continuously. With the...
A simple indicator based on RSI strength and a custom SMA trendline. RSI RSI Strength is determined by a baseline. The baseline is the 200 bar RSI The current RSI value is compared to the Baseline and determines the current trend. This Use of the RSI is unique because the strength indication point is not a static number (eg: 50) and the long term strength...
Description: 🚨The BTC Supply in Profits and Losses (BTCSPL) indicator, developed by AlgoAlpha, offers traders insights into the distribution of INDEX:BTCUSD addresses between profits and losses based on INDEX:BTCUSD on-chain data. Features: 🔶Alpha Decay Adjustment: The indicator provides the option to adjust the data against Alpha Decay, this compensates...
WARNING: Commissions and slippage has not been considered! Don’t take it easy adding commissions and slippage could turns a fake-profitable strategy to a real disaster. We consider account size as 10k and we enter 1000 for each trade. Less than 100 trades is too small sample community and it’s not reliable, Also the performance of the past do not guarantee...
The Frankie Candles Essentials toolkit is a collection of essential features used by trader Frankie Candles. This toolkit focuses on the relationship between MTF oscillator divergences and volume profiles, allowing the detection of different kinds of reversals. Retracements from the "Golden Pocket" features are also included. 🔶 USAGE When adding the script to...