Power oscillator to discern what currency's are stronger/weaker.
This is the second version of Kay_BBands. But this is infused with ADX. When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 20 is the default but can be set to 25. When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions. Use it with...
Double ema rsi, oscillator to discern directional bias.
Uses SMI (Stochastic Momentum Index) to set bar colors: When SMI above overbought, bar color is red. When SMI is between 0 and overbought, bar color is maroon When SMI is between oversold and 0, bar color is green When SMI is below oversold, bar color is lime. When SMI crosses above or below 0, bar color is orange.
Depending on the new trend - Fisher 100 crossing 0; Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
The main idea is to identify a divergence between momentum and price movement. E.g. if the momentum is rising but price is going down - this is what we call a divergence. The divergence will be calculated by comparing the direction of the linear regression curve of the price with the linear regression curve of momentum. A bearish divergence can be identified by a...
UPDATE: added CCI to the list of oscilators.
Update: added Fisher Transform to the list of oscillators.
This is a different version of Stochastic RSI. the only difference is the use of variable moving average by Lazybear instead of regular sma for K smoothing. Its purely an experiment. I am not a professional trader but an enthusiastic programmer trying different indicator combination to see different results. Criticizing and negative comments will be gracefully...
Redline - vanilla RSI (where are we now) Aqua - first difference/moment (how fast are we going) Grey/Green - Second difference/moment (are we speeding up / slowing down?) aka Inertia
Average Directional Index is a way to determine trend strength (and whether there is a trend). One of the caveats is when you have trendless conditions on a higher timeframe. You can get whipsaw conditions on the current timeframe in that case. The purpose of this script is to put ADX into the context of a higher degree trend on a single indicator.
V2 with Bollinger Bands Planning to make an STO/KCO hybrid and a model strategy for an all-in-one indicator.
A cleaner aesthetic and an introduction to the indicator's uses. I would also be very appreciative of any Keltner Channels related ideas or concepts you may have run across to add features to this indicator.
Keltner Channels Oscillator Please post ideas/improvements for a v2.
EXPERIMENTAL: Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes) this indicator can also be used for convergence/divergence. (accidentjev2) added multi timeframe support (indicator may repaint values)