The Commodity Selection Index ("CSI") is a momentum indicator. It was
developed by Welles Wilder and is presented in his book New Concepts in
Technical Trading Systems. The name of the index reflects its primary purpose.
That is, to help select commodities suitable for short-term trading.
A high CSI rating indicates that the commodity has strong trending...
Atualização do SETUP do saudoso Professor Alexandre Fernandes "Palex"
- Bandas de Bolliger (Standard) =
*Banda Superior = Média Móvel Simples (20 dias) + (2 x Desvio Padrão de 20 dias)
*Banda Inferior = Média Móvel Simples (20 dias) – (2 x Desvio Padrão de 20 dias)
- EMA 9 (Média Móvel Exponencial)
- SMA 21 (Média Móvel Simples)
- SMA 200 (Média Móvel...
This is a Moving Averages pack with 5 lines.
This indicator is different from others because with it you can select the MA type used in calculations for each line.
Available MA types are (currently):
Also configurable (for each line) are data source (open, close, hlc3, etc) and period.
I'm publishing this indicator just for study purposes, because the result is exactly the same as DMI without the smoothing factor. It is exactly the same as ADX Wilder from MT5.
I was looking for the algorithm all over and it was a pain to find the right formula, meaning: one that would match with the built-in ones. After several study and comparison, I still...
The study/script is based on Wilders MACD , and has its roots in "Learning to Fish", and "Paid by The Hour" , made popular by Daniel on Twitter. This takes Daniel's work a step further.
As stated, this MACD Wilders based study . By using this script in TradingView you can take guesswork out of the "curls" and "I think it's curling up? Let me...
(This is an original creation and a proof of concept.)
As most of you know the PSAR, parabolic SAR indicator, was developed by J. Welles Wilder Jr. and used to determine trend direction and potential reversals in price. This technical indicator uses a trailing stop and reverse method, 'SAR,' or "stop and reverse," to find potential exit and...
Today I'm releasing a spin on an 'oldie but goodie'; the Directional Movement Index (DMI).
DMI is a combination of 3 different indicators developed by the famous J. Welles Wilder. DMI has 3 different plots: the ADX, +DI, and -DI. The first is the ADX (Average Directional Index), which Wilder created in 1978 to show the strength of a trend by...
This is a breakout system that has pivot swing lines and a trailing stop built in. Many people try to use different ways to find out what a swing point is such as, zig zags, lookbacks, fractals, hand-drawn chart lines, or other subjective indicators. This looks at the heiken ashi price to objectively find the swing pivots. Many would agree that the color changes...
This is a breakout signal script based on reverse engineering of RSI. It shows a channel of overbought and oversold readings that the trader can sett in settings. When low crosses under lower line it shows bullish signal and when high is crossing upper line it shows a bearish signal. The script also has wilder's moving average as filter instead of high/low.
As you know the Relative Strength Index (RSI) was originally developed by J. Welles Wilder and was described in his book "New Concepts in Technical Trading Systems" (1978). It is intended to measure the strength or weakness of an instrument for the specified period.
The most basic strategy is to use the crossovers as trade signals:
when RSI ...
As you know, Parabolic Stop and Reverse (SAR, PSAR) was originally developed by J. Welles Wilder and was described in his book "New Concepts in Technical Trading Systems" (1978). It derives its name from the fact that when charted, the pattern formed by the points resembles a parabola.
Mr. Wilder described it as "one of my favorite systems because...
Every developer must create his own Relative Strength Index with midline and other features).
In addition to the midline, highlighting and levels customization I give you ability to play with non-standard sources like On Balance Volume.
If someone doesn't know what is this:
This indicator was originally developed by J. Welles Wilder and was described in his book...
Original Wilder's ADX and DI +/- (calculated with the 1978's original formula from Wilder's MA and not with the simple moving average, like almost all ADXs)
I changed the aspect for a nice and easy view
Black/yellow dashed line - threshold
Light blue line = ADX
Blue background - ADX above threshold
Yellow background - ADX bellow threshold
Green line - DI +
An oscillators of the oscillators. It is one of my private indicators that implements a quantitative approach - it counts marks from the internal oscillators and draws metrics.
48 well-known oscillators
3 metrics ( Bands Breakouts , Middle Crosses , Signal Crosses )
Readable and optimized code (over 1400 lines of...
The Wilder's RSI provides signals that tell investors to buy when the security or currency is oversold and to sell when it is overbought.
Best Setup -> 5M, 15M Charts used Level 20 (oversold) & 80 (overbought) , RSI Length at 20 and EMA Of RSI Length at 9
＝＝日本語説明も併記 // Japanese discription is following ＝＝
■ Momentum index (Smoothed ADX triple display)
■ Effective assets: All
■Example of utilization
1) Trend generation is assumed at the timing when at least two lines including the blue thick line (14) are raised
2) Confirm the candlestick and if the price jumps out of the Bollinger band ± 1 σ, the trend toward...