The CoffeeShopCrypto 3pl MA indicator is a technical analysis tool that uses three different moving averages to identify trends in the price of an asset. The three moving averages have lengths of 12, 26, and 50. If these numbers sound familiar its because they are based off the standard of the MACD indicator, and can be either simple moving averages (SMA) or...
----------- ENGLISH -------------- This indicator is called "TRIX with Momentum" and is used to analyze the momentum of an asset's price and predict potential trend reversals. The logic of operation is based on the combination of two indicators: the Triple Exponential Moving Average (TRIX) and the momentum oscillator. The TRIX is calculated using three...
This script helps you identify the relative strength of bulls and bears in the market. It calculates the difference between the high and the moving average for bulls, and the difference between the moving average and the low for bears. Then it normalizes the values between -100 and 100 using the highest and lowest values of the last "bars back" periods. This...
The OBV-MACD indicator is a momentum-based technical analysis tool that helps traders identify trend reversals and trend strength. This Pine script is an implementation of the OBV-MACD indicator that uses the On-Balance Volume (OBV) and Moving Average Convergence Divergence (MACD) indicators to provide a momentum data of OBV. The OBV-MACD indicator uses the OBV...
Impulse Momentum MACD - Slow and Fast The Momentum indicator is a technical indicator that measures the speed and strength of the price movement of a financial asset. This indicator is used to identify the underlying strength of a trend and predict potential changes in price direction, when the indicator crosses the zero line, it can signal a change of direction...
From now on this will be the main indicator I will be using. The mathematical foundation of KST is elegant and trustworthy. I took the time to share this beautiful (in my opinion) indicator, because you will probably be seeing it in my future ideas. I am not a trader, this indicator was made to analyze mainly long-term charts, and trend-continuation/change...
"He who does not know how to make predictions and makes light of his opponents, underestimating his ability, will certainly be defeated by them." (Sun Tzu - The Art of War) ▮ Introduction The Stochastic Momentum Index (SMI) is a technical analysis indicator that uses the difference between the current closing price and the high or low price over a specific time...
"This code creates a technical analysis indicator used to calculate and visualize the WillyCycle oscillator and double moving average indicators on the price of a financial asset. The functionality can be summarized as follows: *Calculate the WillyCycle oscillator: The WillyCycle is an oscillator calculated based on the highest and lowest values of an asset. This...
▮Introduction Stochastic Momentum Index (SMI) Indicator is a technical indicator used in technical analysis of stocks and other financial instruments. It was developed by William Blau in 1993 and is considered to be a momentum indicator that can help identify trend reversal points. Basically, it's a combination of the True Strength Index with a signal line to...
what is Colorful Moving Averages? This indicator allows you to use your favorite moving averages in their advanced form. what it does? It gives you easy access to the following information with a single indicator: the direction and momentum of the price, rate of change of momentum (acceleration), time-dependent change in momentum, and all the other information a...
Level2 Background A super oscillator with overbought and oversold detections. Function Represented by a white line, this Super Oscillator indicator identifies instruments that are overbought or oversold, which can be an important part of determining buy and sell points. An oversold market is a market that has fallen sharply and is expected to recover. In this...
Description: MOM-LRC is a powerful technical analysis indicator designed to provide traders with signals based on the momentum of an asset's price and its deviation from its mean value. The indicator calculates the exponential RSI and uses a custom function to determine the percentage change from the mean. The upper and lower bands of the momentum channel are...
This indicator will generate a supertrend of your chosen configuration on any of the following indicators: RSI MFI Accum/Dist Momentum On Balance Volume CCI There is also a RANGE FILTER built into the scripts so that you can smooth the indicators for the supertrend. This is an optional configuration in the settings. Also, you can change the...
The Relative Strength Index Wave Indicator was created by Constance Brown (Technical Analysis for the Trading Professional), and this is a unique indicator that uses the weighted close formula, but instead of using the typical price values, it uses the RSI calculated from the various prices. It then creates a rainbow by smoothing the weighted RSI with four...
█ Overview The MACD & RSI Overlay (Expo) trading indicator is a technical analysis tool that combines two popular indicators, the Relative Strength Index (RSI ) and the Moving Average Convergence Divergence (MACD ), and overlays them onto the price chart. The indicator oscillates relative to price, so it plots the RSI and MACD around price while still...
The Stochastic Center Of Gravity Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pgs 79-80), and this is one of the many cycle scripts that I have created but not published yet because, to be honest, I don't use cycle indicators in my everyday trading. Many of you probably do, so I will start publishing my big backlog of...
Prices can go up or down or falter in their movement. This code evaluates this by looking at two consecutive bars or sets of bars. If you put the set size to 1, the current and previous bar is evaluated. If put to 2, the last2 and the 2 before these are evaluated. Default is 12 because this seems to coincide with trend changes. This code provides an advanced way...
The Leavitt Convolution Slope indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well-known for creating the Volume-Weighted Average Price indicator. This indicator didn't have a good explanation or description so I custom-coded most of it. The way it works is it will give trend spikes in the direction of the underlying...