This indicator can anticipate the market movements. Its posible because it calculates how much force (volume) it's necessary to move the price up or down. If it's necessary a lot of volume to move the price a little it's a reversion signal, but if a little volume could change the price whit elevate volatility, it's signal of reversion too. The indicator plots red...
What is this? The Money Flow Line (MFL) indicator is at its core a more even-tempered version of the Price-Volume-Trend (PVT). The primary difference is the usage of `hlc3` ((high + low + close) / 3) rather than `close` to use the "typical price" that it critical to the calculation of the Money Flow Index (MFI). Other similar indicators include the Accumulation...
Version 1.2 Update: No need for scaling up/down anymore No need for setting up so many parameters Ability to mix instantaneous indicator with averaged indicator (its different from just making a moving average) Mass obtention has been improved Velocity calculation has been improved, by considering highs and lows Acceleration calculation has...
Diego Riobo Cabot © riobocabotd Analysing the Market as Physical Forces Credits First: Tradingview Pine Comunity, it's just amazing, honestly. Godmode Indicator's creators. I was inspired by them to create an indicator that takes a lot of variables into account. I also took the idea of the Momentum and LSMA from there Function te get...
Inspired by the new version of the "Force Index" announced by Dr. Alexander Elder a few years ago - "Elder Force Index With ATR Channels". Unfortunately original version of script only works on MetaTrader platforms, so this is an attempt to implement this great idea on TradingView...
This is a modified Stochastic indicator. Modifications include: 1. The output is now centered on "0" and the scale is from -50 to +50, so that histograms and columns can be used to plot the output. 2. Added visual trade setup triggers. A trigger to the up side is a cycle high and indicates a "sell signal". A trigger to the down side is a cycle low and indicates...
Same as Elders Force Index, but with an Additional EMA for buy and sell signal
Modification to Elder's Force Index (EFI) Ability to change calculation from standard EMA to your choice of SMA, EMA, WMA, or HMA. Very interesting results! Adjust lookback from standard/suggested 13 candlesticks Added a color indication to positive or negative force reading Added background color tint for an easier read on dashboard setups Suggested...
This is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell. This was a custom request so if you would like more then just send me a message!
WYCKOFF ARSENAL is now available on TradingView! Based on <> (Richard D. Wyckoff) Noted Indicators: ▪ Optimism Pessimism Index ▪ Force Index ◄ ▪ Technometer ▪ Momentum Main Features: ▪ Multi Timeframe is available ▪ Volume based indicators ▪ Can be used on pairs that have volume data ──────────────────────────── Highlights > Optimism Pessimism Index or...
WYCKOFF ARSENAL is now available on TradingView! Based on <> (Richard D. Wyckoff) Noted Indicators: ▪ Optimism Pessimism Index ◄ ▪ Force Index ▪ Technometer ▪ Momentum Main Features: ▪ Multi Timeframe is available ▪ Volume based indicators ▪ Can be used on pairs that have volume data ──────────────────────────── Highlights > Optimism Pessimism Index or...
Volume Momentum‴ is a Volume Pressure indicator that allows you to have a better understanding and interpretation of its behavior once you are able to see it through an histrogram. Notice that is histogram has intern bars that allows you to understand the forces of the pressure (positive or negative forces). This indicator allows you to see the end of the...
Force is best described as net buying or net selling pressure. It is measured by weighting volume by the direction and magnitude of period price change. Hence higher volume or big positive price level changes will result in high net buying pressure, vice versa. The Relative Force Significant Support & Resistance indicator takes it a step further by denoting...
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...
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...
This Script is meant to apply Newton's equation for Gravitational Force onto the Financial Markets. FGrav=Gravitational Constant * (Mass1*Mass2)/(Distance between the two objects' center of mass^2) This script could be used to identify periods of technical market weakness, when the gravitational force becomes negative.