This indicator combines elements of price action, volume, and open interest to provide insights into market strength and potential trend reversals. This script calculates the Herrick Payoff Index (HPI) based on a modified formula that incorporates volume and open interest adjustments. The HPI is derived from comparing the current day's mean price to the previous...
The CULTURATRADING INDICATOR refines trading signals by integrating advanced analysis techniques across RSI, MACD, and ADX indicators. Here's a deep dive into its functionalities: RSI Analysis: Buying Signal Identification: The RSI component is calibrated not just to flag potential reversal points but to identify strong momentum. An RSI exceeding 60 is not...
The "CULTURATRADING STRATEGY" is designed to capitalize on market trends by incorporating a combination of technical indicators that signal potential entry and exit points for trades on various assets. This strategy is not just a mere collection of indicators but a well-thought-out approach that synergizes different market signals to optimize trade decisions. The...
In developing the "Likelihood of Winning - Probability Density Function (PDF)" indicator, my aim was to offer traders a statistical tool to quantify the probability of reaching target prices. This indicator, grounded in risk assessment principles, enables users to analyze potential outcomes based on the normal distribution, providing insights into market...
**SHIBO v6 - Fibonacci Impulse Analysis Indicator** *By Shahab Sadeghi (@shahabs2004)* **Overview:** Welcome to SHIBO v6, a revolutionary Fibonacci Impulse Analysis Indicator designed to harness the power of a unique chart pattern. The script employs a reverse Fibonacci methodology to identify powerful impulses that first reach Fibonacci level 0.382, experience...
Hello Fellas, It's time for a new adaptive fisherized indicator of me, where I apply adaptive length and more on a classic indicator. Today, I chose the Z-score, also called standard score, as indicator of interest. Special Features Advanced Smoothing: JMA, T3, Hann Window and Super Smoother Adaptive Length Algorithms: In-Phase Quadrature, Homodyne...
Library "NormalDistributionFunctions" The NormalDistributionFunctions library encompasses a comprehensive suite of statistical tools for financial market analysis. It provides functions to calculate essential statistical measures such as mean, standard deviation, skewness, and kurtosis, alongside advanced functionalities for computing the probability density...
Trending RSI takes a new approach to RSI intended to provide all of the missing information that traditional RSI lacks. Questions such as "why does the price continue to decline even during an oversold period?" can be aided using the Trending RSI. These types of movements are due to the market still trending and traditional RSI can not tell traders this. ...
🔶Description: The "Double Tops/Bottoms " indicator is designed to identify potential double tops and double bottoms on price charts. These patterns are often considered significant as they may indicate a reversal in the prevailing trend. The indicator can be applied to both high/low and close price data, offering flexibility in analyzing different aspects of...
MACD + MA HTF Strategy - Dynamic Smoothing The MACD alone generally gives too many false signals and is therefore often used in combination with different indicators. The basic idea to combine the MACD with a moving average on a higher time frame is a commonly used technique to only enter Longs in a uptrend and only Shorts in a downtrend while trading on lower...
Library "ApproximateGaussianSmoothing" This library provides a novel smoothing function for time-series data, serving as an alternative to SMA and EMA. Additionally, it provides some statistical processing, using moving averages as expected values in statistics. 'Approximate Gaussian Smoothing' (AGS) is designed to apply weights to time-series data that closely...
There are always discussions about how the weekend affects Crypto-Coins. It seems that on Monday, the price usually returns to Friday's level. To make a qualified statement, I wrote this script that tests exactly that and provides an evaluation. It displays a candle for Saturday and Sunday. Either green or red, but also blue if there was hardly any...
What are Bandwidth Bands? This indicator uses Silverman Rule of Thumb Bandwidth to estimate the width of bands around the rolling moving average which takes in the log transformation of price to remove most of price skewness for the rest of the volatility calculations and then a exp() function is performed to convert it back to a right skewed distribution. These...
Indicator Name: Rate of Change RSI Description: The Rate of Change (ROC) of the Relative Strength Index (RSI) is a technical indicator designed to provide insights into the momentum of an asset's price movement. It combines the Relative Strength Index (RSI), a popular momentum oscillator, with the Rate of Change (ROC) concept to assess the speed at which RSI...
Description: The "Equal Highs and Lows" indicator is a technical analysis tool designed to aid traders by identifying and marking equal price levels directly on the trading chart. This indicator helps in spotting potential support and resistance zones by drawing lines between points where the price has formed equal highs or lows over a specified lookback period....
Dynamic Momentum Oscillator (DMO) OVERVIEW: The Dynamic Momentum Oscillator (DMO) is a technical indicator designed to measure the momentum of price movements in financial markets. It combines momentum calculation with dynamic range assessment to provide insights into potential trend reversals and overbought/oversold conditions. DMO is different from classic...
The indicator includes an Awesome Oscillator with 2 vertical lines at a distance of 100 and 140 bars from the last bar to determine the third Elliott wave by the maximum peak of AO in the interval from 100 to 140 bars according to Bill Williams' Profitunity strategy. Additionally, a faster EMA line is displayed that calculates the difference between 5 Period and...
The indicator displays the number of visible bars on the screen (in the upper right corner), including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator (similar to MACD 5-34-5) for identify the 3-wave Elliott peak in the interval of 100 to 140 bars according to the Profitunity strategy of Bill Williams. The values...