HISTORY AND CREDITS––––––––––––––––––––––––––––––––––––––––––––––––––––––– I got inspired to build this based on some public lectures I have seen of Matt Caruso. Matt says he has taken 10 years to build similar tool. The idea of a 'better' Relative Strength hit home and I cracked open the textbooks to see which technique would serve best. I think I have made a...
Contents Overall Introduction Settings menu parameters Usage How to use alerts Limits Overall Introduction This indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals. This tool consists of two parts: 1- The colored graph is a custom volume oscillator which shows the relative...
//Every spread & central tendency measure in 1 script with comfortable visualization, including scrips's status line. Spread measures: - Standard deviation (for most cases); - Average deviation (if there are extreme values); - GstDev - Geometric Standard Deviation (exclusively for Geometric Mean); - HstDev - Harmonic Deviation (exclusively for Harmonic...
This is a custom indicator which helps with current trend analysis of lower and higher timeframes and also to know the daily levels of the script. Crafted for Intraday and Positional users, making their entry, stop loss and targets more precise.
The other way to build bands around price that uses Mean Absolute Deviation instead of Standard Deviation. MAD is also a measure of variability, but less frequently used. MAD is better for use with distributions other than the Gaussian. MAD is always less than or equal to Standard Deviation and the resulting bands are more tighter for the same parameters if we...
The Absolute Strength Histogram is an indicator that measures the current strength in market. If the red line crosses the green line the bears are in control. If the green line crosses the red the market is in favor of the bulls. General Usage Signals are created on line cross. They that can be used to EXIT or LONG/SHORT a trade. It is worth investing the...
Changed values to better match the scale. Ported to pinescript v4.
The Absolute Strength Histogram Absolute Strength Histogram is composed of two separate signals - Bulls and Bears. Both signals are plotted on the same graph. By doing so we can see the strength of the buyers and sellers in comparison to one another. When the Bulls Signal is above the Bears Signal, the histogram is blue and the market tends to be trending up...
Cleared unnecessary stuff MAs according to our needs
Balihuntul Normalized Absolute Volume by RagingRocketBull 2018 Version 1.0 This indicator shows absolute and/or normalized volume for an asset, allows for more accurate volume based comparisons (like a log scale for volume). Volume is measured in coins traded, not USD traded, so direct comparisons of different price moves may not be accurate. Professional...
Hello traders and developers! I was wondering how built-in "dev" function in Pine is calculated so I made a little research. I examined 7 samples: 0) "dev" function itself 1) "dev" according to its description: series - sma(series) 2) Mean Absolute Deviation 3) ratio of the absolute difference from 1) divided by period 4) ratio of the difference from 1)...
🥢Crypto-Sticks™: Absolute Strength Index Oscillator (Tudor Marcelin) A new series of indicators brought to you by Cryptorhythms...giving you an alternate look at your trusted favorites! Follow me, there are still 2 dozen Crypto-Sticks indicators planned - all will be released in public library. 🚀Indicator Specific Info New Crypto-Sticks option is an EMA of...
Ultimate Strength Index ( USI ) adds stochastic, multi time frame, signal line, histogram, and bar coloring options to RSI and Absolute Strength Index ( ASI ) . It can also turn into an indicator similar to Awesome Oscillator/MACD line. This indicator can be used for analyzing momentum and trendiness/choppiness, as well as identifying swings (stoch). The fix...
The Absolute Price Oscillator displays the difference between two exponential moving averages of a security's price and is expressed as an absolute value. How this indicator works APO crossing above zero is considered bullish, while crossing below zero is bearish. A positive indicator value indicates an upward movement, while negative readings ...
This indicator can apply my previous indicator, Historical and Standard Stochastic, to Money Flow (ADMF) or Absolute Strength Index (ASI) or both at the same time. It can also display those two indicators in regular mode as well as showing visual cues when the indicators make new ATH or ATL. ASI is basically a new name I am giving to my Gain/Loss Moving Average...
As you can see in the chart below, regular ATR is not useful for long term analysis. Normalizing it, fixes the issue. This indicator can be used to measure absolute volatility. It has a built-in stochastic as well for relative volatility. ATR counts high and low in the equation unlike Bolinger Band Width. Stochastic:
Measures the period's change in terms of the instrument's value (e.g. pip, dollar, etc) instead of as a percentage. I generally use it on a daily time frame with a period=1 to see how the current day's move compares with prior days' moves in order to gain a perspective into how this move ranks historically.