(8) Closing Score VS-345Closing Score discloses to traders the sentiment of the traders in control of the current price. If we can accurately determine trader’s sentiment, we can determine where the market is heading.
Closing Score utilizes a very simple concept and formula to determine the trader's collective sentiment. The formula (((Close – Low) / (High – Low) * 100)) produces a range that is extracted from the true range of the stock’s activity. The High to the Low within the time frame / bars you have chosen. The final output of the formula produces a finite score, between 0 and 100 that indicates to the trader, what the sentiment of the traders where, at the conclusion of this bar or at the end of the trading day. This is displayed on a graph with 10 horizontal stratifications (shown below) each representing 1/10 of the indicators total range of 100. The final dots utilized to indicate the output of this indicator are then rounded to allow placement within the graphs stratification.
The closer the indicator's outputted signal comes to either extreme, zero or 100, the stronger the correlation is between the closing score and future price movements. 97 to 100 are very strong positive signals. 0 to 3 are very negative signals and both have been validated as statically significant, Three-Sigma-Signals. Additionally, we have added an interior band within the placement of the dots to indicate that their proximity is within 3% of the extreme reading of this indicator. If the volume is above the 14 day moving average it is indicated by placing a dot within the center of the indicator dots to denote a volume confirmation of this specific indicators signal. Dots that are both within the statistically relevant, extreme range and the volume for these bars were above the 14 day moving average produce a bulls-eye.
If you study or use candlestick analysis in your trading, you can think of Closing Score as an automatic candle stick analysis tool. Take a look at any candlestick pattern and compare the point of the closes in that pattern with its corresponding closing score and you will see a very strong correlation, greater than 95%, between what the Closing Score indicates and what the candlestick pattern is indicating.
There is an in-depth explanation of this indicator on our website as well as multiple resources related to understanding trader emotions and sentiment. This indicator was published in the Journal of Technical Analysis of Stock and Commodities; June, 2016 by Michael Slattery.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
Strength
Absolute Strength Index OscillatorChanged values to better match the scale.
Ported to pinescript v4.
Hashem DMI/ADXThis indicator will time Breakouts.
DMI+ (DMI Plus) = Blue = Buying Pressure.
DMI- (DMI Minus) = Pink = Selling Pressure.
ADX = Overall strength of a Trend. White = Trend is strong and gaining momentum, Gray = Trend is Weakening.
Can apply same logic for Divergences on DMI+ and DMI- lines.
MAJESTIC {EMA}The thickest blue line is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
This is the {EMA} implementation.
~JuniAiko
(=^~^=)v~
MAJESTIC {SMA}The thickest blue line is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
This is the {SMA} implementation.
~JuniAiko
(=^~^=)v~
AntiRekt Trend OscillatorWhen the indicator value is above the horizon line the trend is up, below the trend is down. Watch out for ranging markets.
CryptocurrencyImpulse v11// TTPro CryptocurrencyImpulse is a crypto strength meter that shows us which currencies are
// strong or weak on any chosen timeframe. Buying into strength and selling into weakness is the key.
// We have an advantage with this indicator in seeing strength and weakness at a glance and also
// in being able to spot reversal opportunities when the lines cross over.
Helios - by @cryptomrdavis -
Helios is a simple to use oscillator.
It represent the state of different indicators at the moment. If you see a small green column, that means that only one or few indicators are getting into the positiv area, wait for higher bars to get into a trade. Same thing on the red bars side.
Calculation is based on few indicators like RSI , MACD , EMA , SMA and some more.
Happy trading
+++ use this tool on your own risk. i'm not responsible for your loses +++
Show some ❤
____________________________________________________________________________
BTC: 1GVRDK3HHr9CKM5SF2CGpCNXFuavB3L4j9
ETH: 0x7b825fa752b9926D3E8397cDb1d9E5473D074646
XMR: 41zL2SQS7zyZmwXKng2TeUWsMi5vMmkgSdDCjULUTvM6ichwm1E2ZDEYGt56zk9ghoM9bekhjycSwa8amtTcB2JiUet5jtg
NEO: AXja5xPDhczfm2ujHyBfpkQAAnMsXsazmb
ZEC: zcZzFkRx95cp7MtuW8wLhC5zz5RYF9QkT2uPPmhZZHc6ppXepHGgCSeAS1rtD6WFdqsM5p1gZm2gfirnrnviucsdP4aCpqU
XLM: GAXUQJSW55C7MAC4GI26NZUGIKSHFDVFRFKZCXPLMPY4HCADSDT55XK6
WAVES: 3PCMkNpMHxSraTCkwV1ENcBKa9sXbVCGjQX
BCH: qz57n04ud6mn42u00aymqkku8tfh0lk4jv9c28mjvv
____________________________________________________________________________
++++ cryptotradingresource.com ++++
____________________________________________________________________________
Trend zonesThis simple script helps you to visualize trends on main chart, to filter any other signals against trend and detect trend durations for other indicators optimizations.
You Jun's Currency Strength Indicator 2Script for calculating the cumulative RSI for 8 popular forex currencies.
IO_ATR_MAThis is an ATR+MA indicator.. the general idea is:
- when ATR is higher than MA, volatility is high
- when ATR is lower than MA, volatility is low
Absolute Strength MTF IndicatorIntroduction
The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods.
The Indicator
Two lines are plotted, a bull line (blue) representing the bullish/buying force and a bear one (red) representing the bearish/selling force, when the bull line is greater than the bear line the market is considered to be strongly bullish, else strongly bearish.
The indicator use various method, Rsi, stochastic, adx. The Rsi method is the one by default.
The stochastic method is less reactive but smoother
The Adx method is way different, while the other two methods make the bull and bear lines somewhat uncorrelated, the adx method focus more on the overall market strength than individual buyer/seller strength.
The smoothing method use 3 different filters, SMA, EMA and LSMA, LSMA is more reactive than the two previous one while EMA is just more computer efficient.
It is possible to use price data of different time frames for the calculation of the indicator.
Stochastic method with 4 hour price close as source.
Conclusion
A classic indicator who can be derived into a lot of ways using a more adaptive architecture or recursion. Hope you find it a use :)
A big thanks to ernie76 for the request and the support/testing of the indicator
Feel free to pm me for any request.
AG Relative Currency Strength IndicatorThis is an indicator that we've been using for a while to pinpoint currencies that are strong/weak. By knowing which currencies are strong and weak, you can focus your attention on the currency pairs that are actually moving, or plan ahead when researching trades.
This indicator gives the Relative Currency Strength, on any timeframe, for every major currency: USD, EUR, GBP, JPY, CHF, CAD, AUD, and NZD.
The indicator includes labels if you need them (you can toggle on/off - default=off), but you will quickly get used to which colour line represents which currency.
You can also choose to show/hide any currency, for isolation or clarity, e.g. only showing USD, EUR and JPY if that's all you're interested in.
Note: due to how much data is being pulled in and processed, this indicator does take a while to load.
IO_Volatility Quality Zero LineThis is the Volatility Quality Zero Line Indicator. This indicator measures volatility strength.
Linear Momentum and Performance Indicators (IFTA Jan 2019)This a porting to Trading View of the 12 new indicators introduced in IFTA Journal (January Edition) by Akram El Sherbini, MFTA, CFTe, CETA.
Indicators are available in "Linear Momentum and Performance Indicators" at page four.
IFTA Journal is available below:
ifta.org
Indicators implemented herein:
Linear Force Index: The linear force index LFI measures the force of buyers and sellers during rallies and declines, respectively. It combines two important pieces of market information—the price acceleration
and volumes.
Pressure Index: The pressure index PRI measures the buying and selling pressure over a certain range within a time interval by moving around its zero line. The index indicates a rise in buying pressure when it crosses above the zero line and a rise in selling pressure
when it crosses below the zero line level. The buying and selling force moves the last price during the session to form a range with low and high boundaries.
Strength Index Index : The strength index SI is a leading indicator to the pressure index. It measures the ability of buyers to resist sellers and vice versa. SI of today is the ratio of the latest pressure index value to the strain of today.
Power Index : It measures the buying and selling power within a time interval by moving around its zero line.
Intensity Index : The intensity index II measures the buying and selling intensity within a time interval by moving around its zero line.
Dynamic Strength Index : The sole purpose of the dynamic strength index DSI and the integral dynamic strength index IDSI is to lead their intensity indicator peers.
Integral Force Index
Integral Pressure Index
Integral Strength Index
Integral Power Index
Integral Intensity Index
Integral Dynamic Strength Index
The following example shows a trade following the signal while several indicators are crossing the zero line:
Integral performance indicators have a fewer number of trades than the performance indicators. This result is normal, as the integral indicators are less sensitive than their peers. Moreover, the power, intensity, and dynamic strength are less sensitive than the force, pressure, and strength indicators. The same applies for their integrals. Therefore, the integrals of power, intensity, and dynamic strength indicators are more inclined to be medium-term indicators.
As the paper is suggesting "the linear momentum and the new performance indicators should make a significant change in categorizing several indicators in technical analysis."
Technical indicators are using biased mathematical implementations. For example Momentum Index is in reality a velocity indicator, Force index a Momentum indicator and so on. From a Physical perspective correct momentum, force, velocity etc. needs to be corrected and re-categorized.
The author also gives important insights in how these indicators can be used "simultaneously to identify price turning points and filter irrelevant divergences."
"This paper will attempt to adjust the price momentum and force concepts introduced by Welles Wilder and Alexander Elder, respectively. By introducing the concept of linear momentum, new indicators will emerge to dissect the market performance into six main elements: market’s force, pressure, strength, power, intensity, and dynamic strength. This will lead to a deeper insight about market action. The leading performance indicators can be used simultaneously to identify price turning points and filter irrelevant divergences. The linear momentum and the new performance indicators should make a significant change in categorizing several indicators in technical analysis."
Suggestions and feedback are welcome
Hope you enjoy this,
CryptoStatistical
Trader Set - Volume SMIThis is the index oscillator of volume's strength (not the momentum), still, because of how it is being calculated, it will be a leading indicator.
The best way of using the volume based oscillators is to have them side by side with volume candle.
Trader Set - Volume Strength MomentumThis is a momentum indicator of the volume's strength index. The "concept" is taken from the RSI although the formulation is not anything close to it !!!
The concept of RSI is that we take the strength of the price and show it as an oscillator, this will show the balance of strength between buyers and seller.
In Volume Strength Momentum, the concept is to find the strength balance between selling and buying volume and calculate the momentum of it. This will become another leading indicator that shows possible critical moments that we can have a shift of strength on volume.
The formula for the strength and momentum calculation is original and not related to rsi in any shape or form.
