Oversold / OverboughtMy first script. Based on RSI , CCI , RVI, and MFI . You can customize overbought or oversold thresholds for any indicator.
If you have any ideas - welcome.
Disclaimer
This is not financial advice. Trade on your own risk.
Índice de flujo monetario (MFI)
NVTNetwork Value to Transactions Ratio (NVT) is defined as the ratio of market capitalization divided by transacted volume.
NVT Ratio can be thought of as an indicator that measures whether the blockchain network is overvalued or not.
If it is upper than red line, it means overvalued.
NVT Golden Cross targets to generate short or long signals by comparing the short-term trend of NVT and the long-term trend of NVT. If the short-term trend is way greater than the long-term trend is, the network can be interpreted as overpriced and will soon revert to mean value, meaning short signal. Similarly, the opposite case may imply a long signal.
Over the red line is short signal and under the green line is long signal.
You can find divergence in this indicator.
There are two sources
cryptocap
glassnode
+ Breadth & Volumenote* If you've used my "+ Rate of Change Indicator", I am updating that without the OBV, which has been moved here. Just an FYI.
This "indicator" is basically a variety of indicators that measure volume, or accumulation/distribution. There's a bit of a story about how this came about but
it's not that interesting, so I'll spare you.
Indicators from which you may choose here are On Balance Volume (OBV), Money Flow Index (MFI), Chaikin Money Flow (CMF), Chaikin Oscillator, and Positive & Negative Net Volume.
I'll give a brief overview of these below, and if you want to educate yourself further on them you may. There are many web resources for that.
Most people are probably familiar with OBV. It's one of the more commonly used volume indicators, especially in the crypto crowd (at least amongst those traders I follow). It's basically a cumulative (doesn't oscillate around a midpoint) momentum indicator that measures volume of the current period versus volume of the previous period and adds it if price closed higher, but subtracts it if price closes lower. It's another way of using volume to confirm trend.
The MFI is a momentum indicator that measures the flow of money into and out of an asset over some period of time (user input). It's calculated using the RSI, so it can be used similarly to RSI (divergences, overbought, oversold, etc.), but of course unlike the RSI it's calculated primarily using volume and comparing the most recent candle close to the previous one (similar to OBV).
CMF is a volume-weighted average of accumulation and distribution over a some period of time (typically 21). It's a way of measuring accumulation versus
distribution in an asset, and oscillates around a zero line. You would use it similarly to any other oscillator, in that you can look for divergences, and general positive or negative momentum.
Chaikin Oscillator is basically a MACD (without signal line) of the accumulation and distribution index (or line--which is somehow different than simply accumulation and distribution). I haven't looked into these differences deeply, but if you look below at the calculations, and substituted 'ad' for 'accdist' you get very different readings. I actually did that, and what it looks like it would do is turn the actual Oscillator into a MACD signal line. So, by substituting 'ad' for 'accdist' (or the accumulation/distribution index) you produce a signal line of the Chaikin Oscillator.
Anyway, all that confusion out of the way, as I said, it's a MACD on the accumulation and distribution index, therefore it is another zero line oscillator, and similarly to CMF, it's a way of measuring price movements in the chart versus a/d. The zero line isn't just any old zero line, however, it is actually the accumulation distribution line. I've made an OBV version of this by substituting the OBV for AD, so if you prefer OBV maybe you will like that.
Pos. & Neg Net Volume is actually an indicator I had seen made by RafaelZioni. It basically takes net volume, calculates a cumulative of that, then subtracts a moving average of some period from the cumulative net volume in order to create a volume oscillator. Use it like the other oscillators!
Added Donchian Channels, moving averages, Bollinger Bands, colored everything, and alerts.
Enjoy!
Below I will post images with the different indicators, everything on default settings (except for lookback period, which I have adjusted to my personal preferences).
Above is an image with the MFI being compared to the RSI since they are very similar (MFI being basically a volume derivative of the RSI).
Chaikin Money Flow set to lookback of 13. You could probably extend that a bit if you wanted to smooth the line more.
Chaikin Oscillator and Chaikin Oscillator of OBV, with a zoomed in look below, to see the differences more clearly.
CO and COBV closer look.
Positive & Negative Net Volume.
Trend Strength Directional IndicatorThis study was inspired by two famous Trading View contributors. Shout out to Lazy Bear and Crypto Face!
In this study you have a live view of the strength of direction the market is heading. The indicator that looks like a black wave is showing us the momentum of price action. When a green dot appears under the lower level it is a indication that we should consider buying, and if the red dot appears over the upper level we should sell. The custom MFI indicator determines how much money is flowing into the market. If it is green that means money is flowing into the market and if it shows red it means that money is flowing out of the market.
CM_Twiggs Money FlowFull Credit goes to LazyBear for publishing Original Code.
I added:
Threshold lines that changes the color of Histogram based on if it exceeds Threshold lines. Ability to turn off and on.
Ability to Turn Histogram Off/On
Ability to turn Twiggs Money Flow Line Off/On
MFI Waves w LevelsThis is a Money Flow Index oscillating wave indicator that also has preset levels that can be adjusted by the user in the settings. The levels indicate how deep or high the waves are moving to
i use this indicator when scalping and on all time frame charts, i like to watch for certain patterns forming either at the lower levels for longs or at the higher levels for shorts.
This indicator is smoothed for Heikin Ashi candles, and does RSI in the calculation. MFI uses volume and price change.
Stochastic MFIDue to some similarity of the Relative Strength Index(RSI) and Money Flow Index(MFI), I thought of creating a Stoch MFI inspired by the Stoch RSI.
- can be used similar to the Stoch RSI
- useful for pullback during trending markets and for S&R trading during ranging markets
TAYOR!
+ Accumulation/DistributionThis is an updated version (with lots of extras added) of the Accumulation/Distribution indicator coded by @Cl8DH.
You can read about what he says about his indicator, and how to use it, here:
So, from that, what have I done?
I added a moving average (of which there are many types to choose from) so that you can use this as a "two lines cross" indicator, as well as a "mid-line cross" indicator.
I added Bollinger Bands (primarily for when "range" is turned off, but if you want to use the Bands with it in fixed range mode too, that's fine. You do you.).
I added candle coloring for both ways of using this indicator:
In rangebound mode there is overbought and oversold coloring, as well as bullish (ADP above the MA and median) and bearish (ADP below the MA and median), and neutral (ADP is above the MA but below the median, or below the MA and above the median). With range turned off there is no overbought or oversold of course. Above the MA and median is bullish, below both is bearish, and neutral covers that grey area where it's neither one nor the other.
The indicator itself is also colored in the same way the candles are. The MA and BBands are biased colored as well (green/red).
Alerts for pretty much every condition imaginable.
Please note in the image above the indicator is pretty gaudy. I don't use it like that, and you can turn a lot of that stuff off (lines, shading, etc.). That is just the default settings.
Like I said, I think Bollinger Bands make most sense if you have it set to range off, but they could be useful either way. Depends on you, the trader.
The candle color is 100% based on the moving average, so if you are using the BBands, set your MA to the default 20 SMA because that's what BBands use for the basis. If you just turn off the MA, whatever it is set to the indicator will still see that and use it (unless you turn off candle colors) to color the candles.
Above is the same image, but just with range turned off, and the Bollinger Bands turned off.
That's all. Hope you like this! It's becoming a favorite of mine, and a lot of what I've implemented here will be added to my previously released indicators, as well as any new ones.
Dziwne MFI Overlay (with highlight)It is simply your traditional MFI , except that your 50 line became the actual price.
Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences .
You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
ArtY Money Flow IndexThis is modification of built-in Money Flow Index with painting of oversold and overbought areas.
GOD's EYEGet to know when to accumulate when biggies are buying and when to stay away from the stock
Money Flow Index (MFI)User request. A tuned version of the built-in True Strength Index (TSI) indicator with the following options included:
MFI - Signal Histogram
MFI/Signal Crossovers
MFI/Signal Ribbon
Bands breakouts highlighting
Middle line crossovers background
RSI PlusRSI Plus:
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
RSI Plus:
☑️ Muestra las divergencias.
☑️ Muestra el precio aproximado de un nivel del RSI (por defecto viene el nivel 55 pero se lo puede cambiar por cualquier otro nivel).
☑️ Muestra la zonas de toros y osos, en verde cuando cruza hacia arriba el nivel 50 y rojo cuando cruza hacia abajo.
☑️ Marca con un circulo los niveles mas alto y mas bajos como posibles compras y ventas.
☑️ Incluye un RSI suavizado.
Griffin Money Flow IndexThis is a modification of the commonly used money flow index. The major change is to the way the average price is calculated. Typically this is done with a hlc3 method,
meaning the average of the period high, low, and closing prices. This calculation infers that volume is evenly distributed between those three points. Generally this is not the case.
My version calculates the average price by including the open price and making the assumption that the majority of the volume occurs within the body of the candle, between
the open and close. I calculate a weighted average that places more significance on the close and open, then an equal weighting on the high and low.
In general this will result in a trend that does not differ greatly from the regular MFI calculation however there may be subtle changes.
Smart Money Index (SMI)It came to my attention that one very common implementation of SMI was incorrect; rather than subtracting the first hour delta and adding the last hour delta it subtracts the whole day delta and adds the last 30m delta. While this indicator might have had some use, it is not what I understand to be the actual Smart Money Index and so I post this as a correction for use in other scripts.
MFI & EMA & Bollinger BandsIn this script
I combined the various of the oscillator
MFI ( Money Flow Index ) with BB ( Bollinger Bands ).
As the MFI crosses the BB base, a green / red point is formed accordingly.
As a sign it is possible to continue up / down.
I added EMA8 to MFI (style circles)
When the oscillator is above the EMA - it is possible that this is a clear sign of an increase.
Band 50 was also added to facilitate the calculations.
DAX Money FlowMoney Flow (MFL of MFI) indicator for the DAX index, which works on the hourly timeframe.
In order for this indicator to work for you, you must have access to the Xetra (XETR:DAX) tickers, where the underlying stocks of DAX are trading.
For some reason Xetra does NOT provide hourly volume so you can't see the money flow using the built-in TradingView indicator. But now, with this indicator, you can! :)
MF RSIUsing built-in code from Divergence Indicator I've created the MF RSI indicator.
A great way to combine two great indicators and divergence.
A alert condition is available on a potential reversal MFI crosses RSI on overbought or oversold.
Bollinger Bands Money Flow Index %This script is similar to the previous one "Bollinger Bands Money Flow Index" but it's a little easier to interpret.
Fix the top line of the "BBMFI" to 1, and the bottom line to 0.
Indicates where "Money Flow Index" is located between the top and bottom lines.
If it's bigger than 1, it's overbuying. If it's less than 0, it's overselling.
Consider a trade if you are out of range from 0 to 1.
It's also a good trade timing to out of range and come back in.
Bollinger Bands Money Flow IndexThis script embodies the application of the Bollinger Band and Money Flow Index in John A. Bollinger's book "Bollinger on Bollinger Bands."
"Bollinger on Bollinger Bands" suggests a relatively method of analysis by applying the Bollinger Band to an indicator.
Here's one of the indicators, Money Flow Index.
Money Flow Index is an indicator of overbuying and overselling by reflecting the volume of transactions.
"Bollinger on Bollinger Bands" suggests using the Bollinger Band to create relative top and bottom lines for various indicators, such as Money Flow Index.
Original Money Flow Index is considered to be over-purchased if it is more than 80% and over-selling if it is less than 20%.
But if you put a bolinger band on it, you can set the standard for higher or lower over-selling and over-selling in a sustained bullish, bearish market.
This script uses the following values as the default values as recommended by "Bollinger on Bollinger Bands".
Money Flow Index for 10 days.
a bollinger band of forty days
standard deviation of 2
The above values are suitable for most stocks and markets, but sometimes there is too much or too little data inside the Bollinger Band.
It is recommended to modify each value little by little to adjust 85% to 90% of the total data to fit inside the Bollinger Band.
If the value is higher than the top line, it is considered over-purchased, and a red background color appears.
If the bottom line is crossed down, it is considered over-sold and the green background color appears.
RedK_AvgMoneyFlow Oscillator v1This is a compact & simple study that tracks the short-term average price change and the (average) volume associated with it, to generate a very clear signal when a change of buying/selling flow is detected. these buy/sell cycles can happen within a longer "demand / trend-up" or "supply / trend down" phases as we know.
this concept is a bit different from MFI or CMF. The math we use here is simpler, and more "relative" and short-term focused, deliberately.
how does it work
===============
once the average price change and the average volumes are calculated for the specified length, we then turn that into a +100/-100 oscillator format - using the stoch() function - which helps to generate a clearly identifiable unambiguous signal (crossing the zero line up or down) that help traders (mainly with entries)
-- the stoch() function also makes the oscillator "relative" to the specified period length, meaning, we can be in a uptrend (demand mode) and the MFO is showing flow "out" (negative) - that's specific to the short-term period - and that's exactly what i was trying to see
- the thinking here is that the best spot to go long is when the existing selling has been depleted and no more supply exists (during an uptrend), and vice verca.
- other stuff: i use WMA() throughout the script -- and we apply a smoothing for the final plot. keep smoothing to a minimum to avoid unnecessary lag in the signals
- the signal should be considered *after* a bar is fully closed.
Suggested Use
==============
i suggest you use this in combination with other indicators that can show the overall short-term and long-term bias (for example, i use the Ribbon here for that) - and take only entry signals in the same direction - a signal to go long, for example, would be when the bias / trend is up *and* the MFO crosses the zero line *going up* .. you may need to wait for that setup to show before you hit the trigger.
another benefit here, is that MFO will also detect strengths and weaknesses - when we see diversion with price movement. this shows couple of times in the example below
Please Note
============
i do not do short-term trading / scalping - those who do, i hope may find this useful - if you decide to use it and you do find it useful, please post feedback here for the common learning
Good luck!
Stoch.RSI+RSI+MFI+CM_Williams_Vix_Fix_V3An update of my previous code "Stoch.RSI+RSI+DoubleStrategy+CMWilliamsVixFix+MFI".
Updates:
- Script converted to v4 and to study version
- Removed the "Double strategy" code because it doesn't work much well
- Replaced the "CM_Williams_Vix_Fix" (by ChrisMoody) code with its updated version "CM_Williams_Vix_Fix_V3" that also features custom filtered alerts directly onto candlesticks (don't forget to check its author's profile)
- Other minor graphical adjustments
