Divergence Energy Pro acts as an trend & volatility indicator calculated by combination of Moving Average data. The Green bar indicates bullish energy, while the Red bar indicates bearish energy. The length of the colour (red/green) bar indicates the energy's strength/momentum. When the fisrt or second Green bar above the Zero Axis 💚 and MA line represents a...
Introduction The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would...
This case study is based on a previous MACD study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any...
Both the RSI (Relative Strength Index) and the Linear Regression ( LR ) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators (ZigZag), both RSI, LR and ZigZag can offer value in validating trade opportunities to optimize your risk management practices. Here’s a look at how to use RSI, LR and...
Vision Essentials - MACD is the second indicator in our Essentials pack. It's a fully customizable MACD indicator with some extra perks the Vision team feels provides helpful & simplified insight when studying a chart. What makes this indicator different? Under the Standard mode you'll feel right at home compared to a standard macd indicator. Our Advanced mode...
Since my previous x4 multi timeframes Stochastic RSI script seems to have been appreciated, I decided to make a 2nd version of this tool which focuses on the RSI indicator only. Default parameters RSI length : 14 Timeframes: 5, 15, 60, 240 OB/OS zones : 70 & 30 Repaint mode: enabled Display lines: enabled Display screener: enabled Convergence...
This case study is based on different previous studies: ADX Triple , MACD Triple & RSI Triple , with three different counts to compare different oscillations of each indicator. Actually, this indicator is complementary to those previously mentioned . The use of this indicator is restricted to private use, and it can be used only by invitation. Different...
higher timeframe (multi timeframe) candles a simple study introducing new pine function box.new
This is a formula Ms Brown developed to identify divergence failures with in the RSI . This also highlights the horizontal support levels with in the indicator area. The Composite Index study comprises 2 momentum indicators on the RSI which are smoothed using a moving average. Control of the upper and lower indicators can be used to adjust the periods represented...
Divergences are powerful tools that assess the price momentum and the likelihood of a price reversal. A positive divergence occurs when the price of an asset makes a new low while an oscillator, starts to climb. Conversely, a negative divergence is when the price makes a new high but the oscillator analyzed makes a lower high. Once again, with the idea of...
Elder-Ray Bear and Bull Power Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing...
Psychology of a Market Cycle - Where are we in the cycle? Before proceeding with the question "where", let's first have a quick look at "What is market psychology?" Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field...
Prices high above the moving average (MA) or low below it are likely to be remedied in the future by a reverse price movement as stated in an Article by Denis Alajbeg, Zoran Bubas and Dina Vasic published in International Journal of Economics, Commerce and Management Here comes a study to indicate the idea of this article, Price Distance to its Moving Averages...
The script is based on a strategy developed by Odir “Didi” Aguiar called “Agulhada do Didi”. It consists in the use of 3 moving averages: SMA 3 SMA 8 SMA 21 Strategy: When the averages come together, preferably they pass through a candle, there is a signal. The crossing of the short average (3) with the long average (21) provides us with a confirma-tion of...
Convergence/divergence indicator (CDI) Class : arbitrage oscillator Trading type : intraday trading Time frame : 1 hour Purpose : trading on divergence Level of aggressiveness : standard Arbitrage - several logically related transactions aimed at profit from the difference in prices for the same or related assets at the same time in different...
"What is the Commodity Channel Index (CCI)? Developed by Donald Lambert, the Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold. It is also used to assess price trend direction and strength. This information allows traders to determine if they want...
Macdie is the MACD 'Moving Average Convergence Divergence' indicator and is part of the 'keeping it simple' series that have a similar color scheme. MACD is based on the difference between two moving averages calculated for different periods, typically 12 and 26. The MACD can show trend and strength of an asset while also showing Divergences.