This indicator is available in the 1 hour chart. The Stochastic value of 1 hour of 3 types of length was requested, summed, and then the value was derived. The blue line is the K and the orange line is D of the Stochastic. The default is Stochastic, but when RSI is selected in the settings, it can be viewed as the relative strength index of the Stochastic. ...
Our new indicator tracks trends to create buy and sell alerts, see below how it works. HOW IT WORKS: It uses RMA which is the same moving average used by RSI and HMA, they intersect give us an entry signal, be it a buy or sell, as the entry signal the script will color the bars according to the signal. When a GREEN candle appears, it indicates a large...
This is the new version of the indicator for the "B&S" strategy. VERSION: B&S v3.4 We will explain how using our trading strategy developed by one of our programs and traders at DCA works. HOW IT WORKS: The "B&S" strategy uses RMA which is the same moving average used by the RSI, as they cross they give us an entry signal, be it a buy or sell, as the...
This strategy uses RMA, Moving Average used in RSI , to create the buy and sell signals. It is the exponentially weighted moving average with alpha = 1/length. IT SHOWS ON THE GRAPH: Buy: Long position. Sell: Short position. V ⇣: Institutional volume . V ⇡: Institutional volume . T ⇣: Downtrend. T ⇡: Uptrend. Volume (V ⇣/V ⇡) when Market Makers...
Buying and Selling Smoothed with Histogram Smoothed version with version with a red line representing the selling pressure and a green line which represents the Buying pressure. If the green line is above the red line it would mean that the Buying pressure is more and vice versa. The difference between the two is plotted as a Histogram. This is a cumulative...