Moving Average Convergence DivergenceA MACD with option for logarithmic or regular scale.
This indicator presents bullish or bearish 'flags' based on the most recent signal cross and asset price divergence. If the price moves up and the macd continues trending down, a bearish divergence is flagged. if the price moves down and the macd continues moving up, a bullish divergence is flagged.
Centered Oscillators
RSI MACD Same RatioこのインジケータはRSIとMACDを同比率で表示するものです。
なぜ同比率で表示するのでしょうか。
同比率で表示することでRSIとMACDのダイバージェンスを同時に確認することができます。
私には思いつきませんが、他にも使い道はあるかもしれません。
必要と感じた場合はぜひ使ってみてください。
※同比率で表示するためにRSIとMACDの値を変更しています。
そのため、値はあくまで参考程度にご覧ください。
注目すべきはラインのみです。
使う場合は「adjustment ratio」に適当な値を入れて、RSIの比率とMACDの比率を合わせてください。
それでは良いトレードライフを。
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This indicator shows RSI and MACD in equal proportions.
Why are they displayed at the same ratio?
By displaying at the same ratio, you can check the divergence of RSI and MACD at the same time.
I can't think of it, but there may be other uses.
If you feel it is necessary, please use it.
caution!
The RSI and MACD values are changed to display the same ratio.
Therefore, please see the values for reference only.
Only the line should be noted.
When using it, enter an appropriate value in "adjustment ratio" and match the RSI ratio with the MACD ratio.
Let's have a good trade life.
Ehlers Moving Average Difference Hann Indicator [CC]The Moving Average Difference Hann Indicator was created by John Ehlers (Stocks and Commodities Nov 2021) and this is an improved variation of his Moving Average Difference Indicator that uses smoothing from his Hann Windowing Indicator to provide smoother buy and sell signals. As for how this indicator works it is an improved version of the classic MACD indicator which of course takes a difference between two exponential moving averages. I have included strong buy and signals in addition to normal ones so lighter colors are normal signals and darker colors are strong signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Vertex EMA StrategyRecently found an article sharing an EMA strategy written by Vertex. I copied a majority of the Long conditions into code here with some visual aid.
Essentially, watch for a the 8 EMA to be greater than the 21 EMA, and all the EMA's to be spread apart. Then get your trigger bar from a retracement from the 8 bar EMA. Stop on the lowest low of the past 5 bars, or on EMA 8 crossunder EMA 21.
This is intended to only be used on a 1h chart.
This was made for a friend.
Disclaimer : Please do your own research before making any decisions financially. I am not your financial advisor.
MACD With Crossings and Above Below ZeroMACD with MACD Derivative, Crossings Above and Below Zero, Shading for ADX Smoothing and Overlayed RSI
Primarily a moving average convergence divergence (MACD) momentum indicator. Also includes a MACD Derivative overlay to show when momentum has peaked. Displays triangle symbols when the MACD line crosses the signal line (larger triangle when MACD crosses above/below zero to indicator stronger momentum trend). Includes shading for average directional index (ADX) to futher determine when the price is trending strongly (red when the ADX value is greater than 25, and idicating a strong trend; otherwise blue). Lastly, has a relative strength index (RSI) momentum indicator overlayed to help evaluate periods of overbought or oversold conditions.
Momentum Oscillator - Column PlotThis script is based on the existing Momentum Indicator which shows whether the underlying percentage change in closing price is positive or negative.
This script however uses columns to plot the change and shows this as green for >0 change, and red for <0.
MTF DPO-RSI IndicatorThis indicator uses the principle of taking the RSI of DPO readings across multiple time frames in order to provide trade signals and an overarching view of market conditions to the trader. My hope with creating this indicator was to present more divergence based signals than your typical indicator, while still keeping those signals at a high quality.
In the settings menu, you may specify:
Indicator Timeframe - the chart resolution that is used to calculate values.
Source DPO Length - the number of bars used to calculate the Detrended Price Oscillator value. The DPO value is the source for the RSI calculations.
DPO Hull Smoothing - how much smoothing is applied to the DPO . Smoothing is accomplished by taking a Hull Moving Average of the closing price, and using this to calculate the DPO value.
RSI Length - the number of bars used to calculate the RSI of the DPO value.
Time Multipliers 1 through 6 - use this to define what resolution each plot will represent. A value of 1 will represent the current Indicator Timeframe. A value of 3 will represent 3 times the current Indicator Timeframe, etc.
Show Plot 1 through 6 - toggles the display of plots.
How I trade with this indicator:
A value of under 30 represents an over sold state for that particular plot. A value of over 70 represents an overbought state for that plot.
Identify divergences on a lower timeframe plot which are apparent in overbought or oversold conditions, and confirm the signal with an overbought or oversold condition, or a divergence on a higher timeframe plot. Divergences which begin in oversold or overbought territory and end inside the 30-70 range tend to be more reliable signals, in my experience. Like all indicators, this is best when used in conjunction with other indicators. Trend indicators, such as double EMA's and Supertrend are my favorite pairing, and a stochastic RSI is a good tool to have as well.
This is my first published indicator! If you find unique ways to use it, drop me a message. I'd love to know what you find. :)
TRIX RSI - Tripple Exponetial Relative Strength (TRSI) This indicator applies the RSI formula over the TRIX indicator to get the TRIX RSI.
The EMA and the TRIX RSA cross gives you an indication for a trend change
Faith Indicator eykpunter [DM] Greetings Colleagues
I share here a slightly modified version of the fabulous indicator designed by @eykpunter.
Moidifications =
Ploting aspect
Signals transparency
BackGround Trend Signals transparency
Signal length
The two lines of code have been converted into the functions
This indicator compares buyers demand with sellers supply volumes and calculates which prevails. Therefore it only works if volume is published. Buyers demand is assumed for a period in which a higher high is reached with more volume . Sellers supply is recognized by a lower low combined with more volume .
The average of sellers supplies is subtracted from buyers demand, the result is graded because a statement like “The faith in this period was ## percent” has no meaning. We can conclude to more faith and less faith but not represent it in some exact number.
This indicator assigns the following grades:
Very high faith graduated as 8
High faith as 6
Good faith as 4
Some Faith as 2
Little Faith as 1
Neither Faith nor Distrust as zero
Self Protection Distrust graduated as -8
Fear Distrust as -6
Anxiety Distrust as -4
Suspicion Distrust as -2
Doubt Distrust as -1
It is presented as a histogram with blue staves pointing up (meaning faith) and red staves pointing down (meaning distrust)
The background is colored using the Hull Agreement Indicator (Hullag), which I published before. Hullag graduates price movements in five grades to which it assigns a background color. These are as follows:
grade 2: blue, clear upward movement
grade 1: green, some upward movement
grade 0: silver , neither upward nor downward movement
grade -1: maroon, some downward movement
grad -2: red, clear downward movement.
Use of the Faith Indicator:
The indicator shows price action/momentum as a background color and volume action analyzed as a grade of faith in the form of a histogram. Usually faith comes together with rising prices (blue/green background) and distrust with lowering prices (red/maroon background), however contrarian situations occur, e.g. lowering prices while the market has good faith. These can be explained by minority sellers who act contrary to the feelings in the market. You can then decide that this might be an unsustainable move of the quotes.
If the faith indicator confirms the price movement, you might assume that the move is meaningful and will go further. Also if you see faith diminishing you might assume that the move is coming to an end and the tide is going to turn.
Momentum and AccelerationThe following oscillator is a twist on momentum, incorporating a 2nd derivative "acceleration" to help determine changes in momentum. Both are plotted directly accessing previous series values rather than using a moving average.
The script has an option to divide so the formula is d(Price)/d(Time), like a derivative. The script also provides options for the user to use their price source, volume, or a combination of price and volume.
Credit: This script utilizes the "color gradient framework" tutorial by LucF (PineCoders) to create user-adjustable gradient visuals.
Definitions
"1st Derivative - Momentum" - Momentum is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security.
"2nd Derivative - Acceleration" - Acceleration is the rate of change of momentum.
Value Added
This script may help the trader to assess directional changes in momentum easier.
This script also plots using previous series values rather than using a moving average function. To my knowledge, I was unable to find one that does this for "2nd derivative", so it had to be created.
Ehlers High Pass Filter [CC]The High Pass Filter was created by John Ehlers and I would define this indicator as both a momentum indicator but also a predictor indicator. This does a pretty good job of predicting future price action even though I have double smoothed it to provide clear buy and sell signals. I will be publishing quite a few more Ehlers indicators very soon so stay tuned. This indicator can be interpreted in a few different ways but most importantly it is a mid to long term sell signal when the indicator falls below the zero line and vice versa. It also falls below the zero line when the underlying price data starts losing momentum so it can be used also as a price reversal. I have included strong buy and sell signals in addition to normal ones so darker colors are strong signals and lighter colors are normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Multpile strategies [LUPOWN]///English
This indicator contains many indicators that together can form different strategies, by default there is the Latin trading strategy with the points of the cipher by @Vumanchu indicator that actually these points appear when a lazy bear indicator gives the signal, the white shadow that It is seen by default is the MFI, this adaptation is the same as the one with the indicator cipher by @Vumanchu, if the white shadow is above the 0 point we can search for a buy position, this helping us with the squeeze momentum and the ADX (information in the panel), you can even enter before the buy or sell panel if the green dot appears, this is one of several strategies that can be formed with this indicator.
Other hidden indicators by default are the CCi, Koncorde (adapted thanks to the version of @inversiones por el mundo and modified by @ lkdml), MACD, stochastic, Awesome Oscillator, Elliot Oscillator, which, as I say, combined can be good strategies.
The indicator also shows divergences, both in the RSI and in the Squeeze momentum and in the Awesome Oscillator if it is on the chart, the divergence code is from @madoqa and I adapted it for the different indicators.
The panel shows the status of the chart according to the Trading Latino strategy
You can hide and show the indicators you want through the settings.
///// Spanish
Este indicador contiene muchos indicadores que en conjunto pueden formar diversas estrategias, por default esta la estrategia de trading latino con los puntos del indicador cipher by @Vumanchu que en realidad estos puntos aparecen cuando un indicador de lazy bear da la señal, la sombra blanca que se ve por default es el MFI esta adaptación es la misma a la que tiene el indicador cipher by @Vumanchu, si la sombra blanca esta por encima del punto 0 podemos buscar entradas en compra, esto ayudándonos del squeeze momentum y el ADX (información en el panel), incluso se puede entrar antes que el panel nos de compra o venta si el punto verde aparece, esta es una de varias estrategias que se pueden formar con este indicador.
Otros indicadores ocultos por default están el CCi, Koncorde (adaptado gracias a la versión de @inversiones por el mundo y modificado por @ lkdml), MACD, estocastico , Awesome Oscillator, Elliot Oscilator, que como digo combinados se pueden hacer buenas estrategias.
En el indicador también se muestran divergencias, tanto en el RSI como en el Squeeze momentum y en el Awesome Oscillator si es que esta en el grafico, el código de divergencias es de @madoqa yo lo adapte para los diferentes indicadores.
El panel muestra el estatus del grafico según la estrategia de Trading Latino
Puedes ocultar y mostrar los indicadores que quieras mediante las configuraciones.
MACD-EDT "EMA DEMA TEMA" [DM]Greetings to all colleagues
Today I share a MACD with the EMA , DEMA , TEMA variants.
The aim is that they can see how the signals vary from a normal MACD to one with the averages created by Patrick Mulloy (1994)
Variables of this MACD:
EMA = Exponential Moving Average
DEMA = Double Exponential Moving Average
TOPIC = Triple Exponential Moving Average
He also has in the arsenal:
SMA Simple Moving Average
WMA Weighted Moving Average
Plus...:
Volume-weighted variant in all of them
Visual options:
Points at the crossroads
Shadows on the body of the signals
All colors are customizable
Histogram and shadow are gradients at 15 steps
It has switches for:
Shadow
Histogram
Macd and signal
Crosses
Some minor details remain to be incorporated in the next few days.
Pre-cross calculation.
Alerts
Bar color
Enjoy!!! ;-)
CDC DivergencesA handy little indicator to help identify different kinds of convergences/divergences
The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible.
The divergences are shown with labels, user can change the momentum/volume indicator used to identify divergences in the settings.
AG FX - WatermarkHi guys,
If you are looking to add some watermark into your charts. You can use this indicator.
You can add add a title and a subtitle, if you want to write in diferents lines, you can use as you can see in the script.
All the features are customizable: position, text size, text color, background.
Enjoy it.
MACD EMA (by WJ)NOTE:
// MACD AND EMA CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT
MACD EMA:
Bar colour and background colour
Buy signal shows when MACD does crossover below 0 line while above EMA (default 200)
Sell signal shows when MACD does crossover above 0 line while below EMA (default 200)
Alert notifications included
PowerLine by DhruvThis indicator provide short term trend information.
1. Green bar color indicates bullish trend and vice-versa for Red bar.
2. Dark green color indicates bar close higher than previous bar.
3. Dark red color indicates bar close lower than previous bar.
4. Bar close above green line indicates strong bullish trend.
5. Bar close below red line indicates strong bearish trend.
MACD PlusMoving Average Convergence Divergence – MACD
The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
Added Color Plots to Settings Pane.
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature.
Added Ability to Turn ON/OFF Show MacD & Signal Line.
Added Ability to Turn ON/OFF Show Histogram.
Added Ability to Change MACD Line Colors Based on Trend.
Added Ability to Highlight Price Bars Based on Trend.
Added Alerts to Settings Pane.
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert.
Alerts are Pre-Set to only Alert on Bar Close.
Added ability to show Dots when MACD Crosses.
Added Ability to Change Plot Widths in Settings Pane.
Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default).
Squeeze Pro
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength
Label :
Displaying the trend strength and direction
Displaying adx and di+/di- values
Displaying adx's momentum (growing or falling)
Where tooltip label describes "howto read colored dmi line"
Ability to display historical values of DMI readings displayed in the label.
Added "Expert Trend Locator - XTL"
The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
ZigZag Chart with SupertrendHello All,
This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend.
As seen below, each zigzag wave is a candle on Zigzag chart:
You have a few options and using these options you can find best settings for the securities/timeframes.
You can change Zigzag period, if you change Zigzag Period then all zigzag and the chart is recalculated/reconstructed.
You have option to show Zigzag Supertrend or Zigzag Moving Average, the options you have;
- You can change ATR Length and ATR multiplier for supertrend
- You can change Length for Simple Moving Average
You can change Zigzag candle & wick colors using options. Also you have option to change bar colors according to Zigzag Supertrend direction.
As it's timeless chart, below you can see how/when bar colors and Zigzag Supertrend change:
You can see Simple Moving Average of the Zigzag Candles:
You can play with ATR length and multiplier to find best supertrend:
You can play with the candle & wick colors:
Enjoy!
'RSI Ultra' Fully Customizable Relative Strength Index MTF [DM]Greetings Colleagues
Today, I share the classic RSI.
As in the last indicator (moving average oscillator by ) I try to show you how you can take advantage of any indicator to infinity.
For now I let you experiment with the "2" RSIs and their histograms to measure divergence.
The 1st and 2nd RSI are fully customizable together or separately. Length, source, time frame, colors.
Horizontal control levels such as RSIs are fully customizable.
In the next update "tomorrow I will possibly add some details"
I hope their brains don't explode, tomorrow more.
Baekdoo multi OverSold OverBuy colored CandleHi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo multi OverSold OverBuy colored candle will give you the idea of
multiple indicators in one shot with colored candle. Those indicators tell us that oversold or overbuy statistically. For the color, you can freely change
based on your comfort. For me, in Korea white candle has red color and black candle has blue color. So somewhat confusing for you. Anyway you can
easily modify color in the script. Please refer this line.
barcolor(open<close and result_pos == 4 ? color.new(color.red, 0) : open<close and result_pos == 3 ? color.new(color.red, 25) : open<close and result_pos == 2 ? color.new(color.red, 50) : open<close and result_pos == 1? color.new(color.red, 75) : na)
you can see I put different transparency at color.new() function with color code. Let me divide and conquer to explain for up candle
white candle and black candle.
1. White candle
with 4 oversold signal case with white candle tells us it is almost reached real bottom and try to rebound. In this case, I put vivid color (no transparency) on the candle. And all 4 signal case, I put text on "OverSold". It will not happen frequently. Then 2 approaches can be made.
(a) short term approach
You can buy on this time. and you set stop loss with open price. This is mainly aimed for technical rebound.
(b) long term approach
You can accumulate based on your budget with 5 times dividing. At that day might not be the very bottom but those period will most probably real bottom. You can put more weight on latter buy. Let say, 1 : 1.25 : 1.5 : 1.75 : 2.5. So for example, if you have $8,000 to investigate then, buy $1,000 and then $1,250, $1,500, accordingly. If price rebound then don't adding weight on accumulation but with the first amount that you buy(i.e., $1,000 with above example). With this approach, you will not have much stress and you will get profit well. If this is grand bottom case, then you can HODL this long term. What you needs is stick to the plan. :)
with 3 signals the color is less vivid, 2 signals is much less vivid, accordingly.
2. Black candle
The approaches are opposite to above. The signal will tells us for 4 overBuy signals, then vivid blue candle will be shown. Our strategy is distribute to sell. Please do not sell in one shot. As Newton said, "I can calculate the motions of the heavenly bodies, but not the madness of the people". Strong buy phase, we don't know how far will it go. But indicators will tell us it is quite overSold situation. So what I can suggest you is sell it 10% to 20% on resistance price, and put 50% of lower than certain support price. Remember, accumulation and distribution will always better than one shot trading if you want to survive long time on this war field.
Hope this will help your trading on equity as well as crypto. I didn't try it on futures. Best of luck all of you. Gazua~!
Baekdoo arrows (white : long term CCI trend changing signal)Hi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This long term CCI trend changing signal will gives you good buy point for a long term trading.
As you know, CCI ( Commodity Channel Index ) is the indicator of how difference from MA(Moving Average). If CCI (period) value is 0 then it is the same value of the SMA (price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI . What I chose value is 240. which is almost a year of period. My signal will be plotted this long term CCI indicator cross over -100. But I don't want it to be marked in case of long term CCI value fluctuating from -101 to -99 which will be marked frequently. Thus I put candle counter of 60 days after cross under -100 then only I count for cross over -100. By this I have very good signal to mark on the chart. Please enjoy my signal and have good profit from it~! Gazua~!
Delayed-VelocityThis indicator shows the delayed velocity and it's moving average (delayed further) of the price pattern
