StochasticMACD (SMACD) is an oscillating momentum indicator. It is based on MACD but run through a stochastic oscillator. This results in an indicator with all the same properties as MACD but with the benefit that the absolute levels can be compared to history values.
Building onto the standard RSI indicator, with the following modification and improvements: - Added signals for RSI moving average crossovers, which usually indicator a bull or bear trend - Added option to use smoothed RSI line - Added alert for crossover signals Enjoy~~~!
Applied the angle of ema filter to stars formed in an uptrend, and hammers in a downtrend to try to pick good trading entries Uses the average angle of the ema over the last 20 bars (Please note: the angle calculation default value is calibrated for BTCUSD . There is no way currently to code it to be used across multiple pairs. The price to bar ratio has to be...
================================= == GENERAL INTRODUCTION ================================= If you find market internals inform your intraday trading decisions (SPX, ES futures, SPY or more generally) this may be helpful. Currently available internals are: - ADD - TICK - TRIN - VIX - VOLD Also, you can display your favorite alternative market internal (or BTC,...
Library "WpProbabilisticLib" Library that contains functions to calculate probabilistic based on historical candle analysis CandleType(open, close) This function check what type of candle is, based on its close and open prices Parameters: open : series float (open price) close : series float (close price) Returns: This function return the...
I wrote this for the purpose of saving time while marking up charts by automating the process of drawing and labeling lines at areas of interest on larger timeframes while still having the option to change the style and size of the lines and labels to adjust for any timeframe and avoid a messy chart. I also used this as an exercise in menu organization...
Hi fellow tradeurs, So it's always been my goal to provide one of my best scripts. This is from what I call my "Market Overview" series. It is a scanner for my second best script to date. Market Overview bc of its origins as a scanner of the Kucoin Margin Coins. I realize that there are more coins that there are more margin coins that Kucoin has but I wanted...
Places a table at the bottom right side showing the top 7 stocks (AAPL, MSFT, GOOG, AMZN, TSLA, NVDA, FB) current position for the given MA and daily position. The 2nd row shows the current position related to the prior day open/high/low. There are 4 possible values: H+ : Higher than the prior day high - indicates bullish in daily timeframe. O+ : Higher...
Shows the ratio between the spot trading volume versus futures trading volume for Bitcoin. This ratio may be interpreted as how active the market currently is, and may lead to various interpretations. For example, when the price is at a high level and this ratio gradually decreases, it may imply the end of the distribution phase; when the price is low and the...
The Fibonacci Timing Pattern is a price-based counter that seeks to determine short-term and medium-term reversals in price action. It is based on the following set of conditions: * For a bullish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is lower than the close prices from 3 and 5 periods ago. * For a bearish...
Hello there, fellow traders! So, happy to bring you a new, free tool: my Risk Manager Essentials . (To use it, click on "Add to favorite indicators" below, and then look for it in your charts’ "Indicators & Strategies" dialog window, inside "Favorites" tab.) The main objective of this indicator is to help and incentivize as many traders as possible to...
This script is an example on how to create a custom indicator that produce start/end long/short deal signals based on configurable conditions from internal and external indicators. This indicator can be used as an external indicator to other strategies like "Template Trailing Strategy" that will execute the deals and enter the desired positions based on the...
This indicator is using ATR ( Average True Range ) to set the Target point and Stop loss. Use the pink number as target, always. If you are in Long position, use the green number as stop loss, so the red number is not useful in Buys. If you are in Short position, use the Red number as stop loss, so the green number is not useful in Sells. ** Need to enter the...
Library "external_input_utils" Collection of external input utilities for conversion and other hacky functions str_to_src(value) str_to_src - Convert the string value to the coresponding source series. It can be used to limit the "input.source" choices provided to the end user. The most interesting part is that it can be used to overcome the "one...
Many people use Pivots when conducting analysis, but I don't see many people using pivoting pivots. Pivoting pivots are pivots that don't have any other pivots around them. They can be useful when trying to separate pivot clusters from important pivot points. The code is calculated by finding the distance between two candlesticks (left check), then calculating...
Purpose - MACD is an awesome indicator. However, I felt I could improve the existing MACD indicator by also letting it visualize the rate of change (ROC) of the histogram (whether rate of change is increasing or decreasing - just like a derivative). By doing so, the indicator will better show the rate of change of the trend. How It's Done - To the...
Background : This study allows to define ranges for contraction and expansion of a defined set of MA to analyse the the momentum at those specific situations. In general all functions used are very basic but allows the user to set alerts when a cluster of MA enters a defined range within or outside the MAX and MIN of a selected MA cluster. The predefined length of...
This simple indicator tracks the distance that the price is from a moving average. This can be helpful when looking for reversals based on historical informaiton.