Original Idea by Invsto
In this indicator, I explore the core concepts of RSI and extend it with smoothening to determine volatility.
LIME/GREEN : High Volatility and BULLISH trend
RED/FUCHSIA : High Volatility and BEARISH trend
GRAY: Low volatility/Potential Chop Zone
Vertical Horizontal Filter indicator is a tool that can be used to identify market conditions (ranging or trending). It measures if the price is going vertical (uni-directional) or horizontal (non-directional).
The Vertical Horizontal Filter is a technical analysis indicator created by Adam White in 1991. He described it in the “Issues of Futures”...
This is a EMA Delta Oscillator: An attempt to show ranging markets based on the slope of the EMA.
Green = Bullish Market
Blue = Ranging Market
Red = Bearish Market
The EMA Slope is normalized to make it work like an oscillator with values between 0 and 1.
Bar colors show the oscillator colors, bar borders show the actual candle colors.
This script shows when price is in a range or trending. When the green line rises above the threshold the price is trending. When the green line falls below the threshold it's ranging. You may try adjusting the lookback way far back to find more areas of resistance.
It shows how many instances the current price has been crossed in the past...
*** THIS SCRIPT REPAINTS ***
Looking at the history will go you NO IDEA as to actual performance, or alerts that triggered within each bar. I made all of the alerts repaint in order to allow an alert each minute a condition is met, and never again after.
For instance; receive an alert each time the price is within a particular plotted area on the chart (as...
The adversary number 1 for a trader is usually the Ranging Markets.
The existing ranging markets detection strategies are either too slow (ADX) or are difficult to interpret (Ichimoku). These "old" techniques are not reactive and are too slow for curent market conditions.
The Ranging Market Index (RMI) is the result of combination of market cycles and price...
This indicator measures the distance between the Guppy EMAs.
Fast and Slow Guppy distances are plotted based on traditional Chris Moody Guppy colors.
Green = Long Term Bullish
Red = Long Term Bearish
Gray = Neither
Similarly colors for ST Bullish and Bearish signals based on Guppy.
Thank you, CM and xkavalis!