This indicator calculates the ratio of bearish to bullish candles over a certain window of time. It does this by keeping track of the number or distance (depending on the "Enable True Range Mode" input) between the high and low prices of bullish and bearish candles, respectively, and then dividing the total distance of bullish candles by the sum of the distances...
This fulfills a request from user: iTibu to make an oscillator to go along with one of my indicators named: " Volume Crop ━ Hidden Volume Divergence ". It essentially does the same thing, without the Midline Tool , so you can better understand where the crosses are happening. Again, the hidden MACD Divergence circles formula originated from TheLark. I...
The RSI ( Relative Strength Index ) is an oscillator-type indicator used by traders who perform technical analysis to estimate the status of overbought or oversold of an asset on the stock market. This tool gives the trader the advantage of comparing supply and demand (buying and selling), therefore, we must take into account the following interpretation for its...
ADX (ORIGINAL VERSION) The ADX Indicator ( Average Directional Index ), is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In its original version, it is made up of 3 lines that represent the direction and strength of the movement: • A line representing the ADX indicator. • A green line...
RSI BANDS: It is an exclusive product of ApiDevs, this indicator selectively integrates a series of highly advanced algorithms that aim to provide the trader with an effective and profitable trading system, based on a series of conditions that project the price direction with a reasonable probability. This indicator bears the name of “RSI Bands”, this is because...
TL_STRATEGY: The TL_STRATEGY , is a whole ecosystem of indicators that make up a quite powerful and famous strategy in cryptocurrency trading, it is composed of the following indicators: • Exponential moving media bands (10 and 55). • Squeeze Momentum indicator (SQZMON PRO +). • Volume profile (VP Developed by APIDEVs). • Average directional index ( ADX PRO...
The Momentum Squeeze Indicator is a momentum oscillator that indicates how explosively the price will move. Its first known version was called "TTM Squeeze" by John Carter explained in his book "Mastering the Trade" (chapter 11) and popularized in TradingView by a developer named LazyBear. The black crosses on the center line show that the market has just entered...
The purpose of converting the ATR value indicator to an oscillator; It is known that the ATR value is not between the two specified values. So it is not compressed between 0 and 100 like RSI and %B etc. Therefore, conditions such as "A condition if ATR value is X, B condition if ATR value is Y" cannot be created. In order to create these conditions, the max and...
The Fibonacci Moving Average (FMA) is a technical analysis tool that uses a weighting system based on the Fibonacci sequence to smooth out fluctuations in data and help identify trends. It is calculated by first finding the metallic mean of the source data and then applying a weight to each data point based on its position in the Fibonacci sequence. The weighted...
RSI stands for Relative Strength Index. Bollinger Bands stands for a channel open by standard deviation values plotting upper, lower lines. Double RSI with Bollinger bands adapted Bollinger bands to RSI not using overlay mode. It tries to filter fake signals while giving more good signals according to volatility even below overbought areas or above oversold...
This indicator is unseen on Tradingview and wants to be the number 1 indicator for the volume spread analysis. Its formula, as simple as useful, compares the effort (volume) of the candle with the results, or the price movement. This way it's possible to apply the famous Volume Spread Analysis with a simple and complete indicator that's 100% objective. This...
A stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain...
This indicator is a series of underlaid tables that determine a consensus value using a simple positive or negative score for a set signal. This consensus value is also shown as a histogram and reflected on the chart's bar colors. There are a total of four different table options to choose from: a set of trend and volume oscillators, a set of 11 moving averages, a...
I have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit...
-Correlation Coefficient with Dynamic Average R (shows R average for the visible chart only, changes as you zoom in or out) -Label: Vis-Avg-R = Visable Average R -the Correlation Coefficient function for Pearson's R is taken from "BA🐷 CC" indicator by @balipour (highly recommended; more thorough treatment of R and other stats, but without the dynamic average) -I...
This is a volume weighted exponential moving average (EMA) script that allows users to customize various parameters to fit their specific needs. The script includes four different EMA styles: EMA, DEMA, TEMA, and EHMA. Users can choose which style they would like to use by selecting it in the input field. The script also allows users to customize the length of...
On the normal Stochastic RSI it may be hard to see the exact crosses between the two lines. This version makes that a little easier. Shows green line when K-line crosses up the D-line, but below the 50-level (this treshold level can be adjusted in the settings). Shows red line when K-line crosses down the D-line, but above the 50-level (treshold level can be...
RSI Advanced As the period value is longer than 14, the RSI value sticks to the value of 50 and becomes useless. Also, when the period value is less than 14, it moves excessively, so it is difficult for us to see the movement of the RSI . So, using the period value and the RSI value as variables, I tried to make it easier to identify the RSI value through a new...