This little mashup of mine is called the Donchian RSI Bands. It consists of two RSI's, a Donchian Channel, & Bollinger bands, which can all be turned on or off depending on your preferences. The main RSI is set to the 7 length and the second RSI is set to the default 14 length. When used together, they form an RSI cloud. The Bollinger Bands are set to the 35...
The Balance of Power is an indicator that measures the strength of buyers versus that of sellers in the market, and needs to be smoothed by a moving average to be of much practical use (come to think of it, most indicators are smoothed by a moving average; this is why the RSI lookback mostly commonly used is 14, and not 1, but I digress...). I suppose it is...
NSE:BANKNIFTY1! ⚠ Important: Before going into details of this script, in order to best use this indicator it is VERY VERY important to make some changes to the chart settings as mentioned below. • REMOVE CANDLE BORDERS from Symbol settings • CHANGE WICK COLOR to white/black/gray based on the chart theme you use, from Symbol settings Make sure you have these...
So, what is the REX oscillator, you might be asking yourself. "The Rex oscillator is an indicator that measures market behavior based on the relationship of the close to the open, high and low values of the same bar. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close indicates strength. The...
Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position. Conditions used: ...
An overlay version of pertinent signals from my version of LazyBear's Wavetrend Oscillator. Shows momentum of long period WTO as either background colors or symbols. Shows continuation and reversal trade signals. If Secondary WTO is above the center line (momentum is long), then symbols print across the top of the chart when the primary (faster) WTO comes into...
I'm guessing most of you are familir with LazyBear's adaptation of the Wavetrend Oscillator; it's one of the most popular indicators on TradingView. I know others have done adaptations of it, but I thought I might as well, because that's kind of a thing I like doing. In this version I've added a second Wavetrend plot. This is a thing I like to do. The longer...
So, what is the KDJ indicator? If you're familiar with the Stochastic, then you'll know that the two oscillating lines are called the 'K' and 'D' lines. Now you know that this is some sort of implementation of the Stochastic. But, then, what is the J? The 'J' is simply the measure of convergence/divergence of the 'K' and 'D' lines, and the 'J' crossing the 'K' and...
Fibonacci Input Preset Retracer. This for highlighting your favorite Fibonacci retracement levels. Before using this indicator you should already have knowledge of what Fibonacci is & how to use it. These are levels where it said to be that the market may or may not reverse at. This is more used for anticipation, confluence & should be used in combination with...
Bar Color Candle Aligned with pivot points swing high and swing lows For Those Who Are Familiar with Trading The Breakouts Of Highs & Lows Of Structure. Pivots are said to be key areas in the market where price shows heavy reaction to where reversals make occur. At these points there are swing Highs & swing lows that traders may be able to find opportunity in the...
Psychological Levels. Also described & speculated as Bank Levels by alot. These are Price levels that the masses are speculated to be more likely to trade based on more than anything else. These levels are great for entries & exits & market manipulation. This custom script is made to highlight price action at these Levels with Barcolor to see the price behavior &...
According to TradingView the Detrended Price Oscillator is an oscillator that removes trend from price in order to more clearly show an instrument's cyclical highs and lows so that an investor or trader may more easily time when to buy or sell the underlying instrument. Accordingly, it is not meant to be used as a way of gauging momentum, however, I find it...
This 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...
Another simple version of the MACD RSi Confluence script. But this is one is more simplified with simple signals. Again to fully understand macd & RSI you should already have some type of knowledge of how they work. With understanding this script & it's signals are great for those who do. This script is based on Barcolor signals reflected by macd & RSI data
Just an extended version of InSilicos great Hull Suite Added Functions - Second Hull Indicator with all options - HTF color fix for the bands and barcolors
Hello again. Here I have an improved version of the RSI that is similar to my "+ %B" indicator (that, an improved version of the %B). This version of the RSI includes candle coloring for bullish or bearish bias (is the RSI above or below its median line?), as well as candle coloring for overbought and oversold areas. Additionally, there is an option for coloring...
Bjorgum Reversal Bj Reversal uses Tilson moving averages to identify trend changes Bars change to yellow as bar close crosses the Tilson moving averages. Blue or red is confirmed as the two Tilson averages themselves cross. Reversal is great for pinpointing trend change often giving the absolute best entry or exit Its sensitive nature can mean more false...
This is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator. Much credit goes to him....