Awesome Oscillator PlusThe Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
The Awesome Oscillator's saucer is a trading signal that many analysts use to identify potential rapid changes in momentum. The saucer strategy involves looking for changes in three consecutive bars that are on the same side of the zero line.
AO's saucers can be either bullish or bearish. A bullish saucer can be identified when the awesome oscillator is above the zero line and there are two consecutive red bars – with the second bar being lower than the first – which are followed by a green bar.
On the other hand, a bearish saucer can be identified by two consecutive green bars below the zero line – with the second bar being lower than the first – which are immediately followed by a red bar.
Bullish saucer = Background and green arrow
Bearish saucer = Background and red arrow
Alerts can be triggered when a bullish or bearish saucer occurs.
Blue dots mean that the maximum or minimum of 150 periods has been exceeded (you can change the number of periods). Also added a signal line which can be exchanged for different moving averages.
The MACD line and histogram have a setting of Fast MA = 13, Slow MA = 21 and Signal = 8.
Added light blue dots as bullish signals (MACD line below zero and line crossing) and pink dots as bearish signals (MACD line above zero and line crossing). Alerts can be activated to notify such signals.
Схождение/расхождение скользящих средних (MACD)
[DMG] REVEREND v2REVEREND (RSI based Trend Reversal Indicator)
Info:
This is an RSI based convergence divergence (like MACD) indicator using SMAs or DEMAs for smoothing.
You can optionally filter the signals with the stochastic momentum indicator (SMI) levels or via simple overbought/oversold RSI levels.
Signals:
Purple is the Slow MA, Green is the Fast MA, Blue is the SMI (Momentum).
Buy and Sell signals are shown as circles (yellow on top sell, green on bottom buy)
The histogram is for easier differentiation (like macd) zero crossings creating the signals.
Usage:
Settings can never be perfect for any indicator, defaults should be good for BTC, ETH.
Sell signals should be taken with falling momentum, buys with rising momentum.
Watch out for false signals if Momentum is still rising while it prints a sell signal it is most likely false, you can filter these by using longer MAs but then it becomes more lagging.
A sufficiently fast fast-MA can be used for tracking RSI itself and since it also displays the stoch. momentum signal you can also check for divergences yourself or anticipate moves by their slope.
This is my main indicator for a year now and I wish I had followed it more ;) I additionally use EMAs, VWAP, Divergences and Volume Indicators, just remember price is king.
If you have questions or additional ideas I'd be happy to read them!
Good Luck! :D
MACD Divergence Fast by RSUAdvantages:
1. When MACD-diff line(orange color) is at a high point, once it falls by 1 k line, it will detect the divergence from the previous high point. This can quickly find the divergence that has taken effect and help you quickly capture the trend before a sharp decline or rise.
2. This indicator detects the previous high and the previous low of 5, 10, 20, 40, 60 lengths at the same time, instead of only detecting a fixed length, so that more divergences can be found.
Notice:
Because it is a quick divergence detection, it is recommended to confirm that the divergence takes effect after the current k is completely closed first. I have identified this state in the indicator as "k not end".
Disadvantages and Risks:
Since it is a quick discovery, there will be error identification. Error divergences will recolor to grey.
Suggestion:
Use “RSI Divergence Fast by RSU” at the same time, because RSI divergence usually occurs before macd, if the position diverges at the same time, the probability of success will increase.
Please do not:
Don't go short in the uptrend, don't go long in the downtrend.
Top divergences that occur because of a strong uptrend are usually only temporary pullbacks. Bottom divergences in persistent declines are also temporary rallies. Do not attempt to trade such low-return trades.
It is recommended to use the divergence indicator when the stock price has made a new high and retraced, and once again made a new high, because this often leads to the end of the trend.
Divergence how to use:
1. After the previous K line was completely closed, a bottom divergence was found.
2. Open an long order at the beginning of the second bar, or as close to the bottom as possible (because the stop loss will be smaller).
3. Break the stop loss price below the previous low where the divergence occurred, which already means that the divergence is wrong.
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION:
This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization.
If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior,
Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers.
Yes, it is that simple. Follow along to understand how to use this indicator.
INDICATOR SETTINGS:
RANGEBOUND MACD AND EMA MARKINGS:
TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option.
MULTI TIMEFRAME CENTRAL PIVOT RANGE:
Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description.
CPR CONFIGURATION:
Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off.
Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more.
EMA TREND:
Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff.
Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True.
Rest of the EMA settings are fairly obvious.
MACD MOMENTUM:
Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD.
Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you.
Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me.
Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts.
Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market.
Rest of the settings are just the standard settings that you will find in a typical MACD indicator.
ALERTS:
Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long.
If you don’t know how to set alerts in TradingView, then please Google it.
INDICATOR USAGE EXAMPLES:
This indicator can be used in intraday as well as in higher timeframes.
There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes.
This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes.
Here are my personal settings for the intraday 5-minute timeframe:
Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want.
Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon.
For Intraday, I keep the Bands off. Just a personal preference here.
You can turn ON the Show CPR Labels , if you want.
Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend.
Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple.
In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator.
You can set up EMA Bullcross and Bearcross alarms if you like.
Before checking out the examples, remember one super simple rule:
SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR.
Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move.
You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions.
Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets.
I have added my comments in the charts to make you easily understand what is going on.
Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last.
BTC 5m Charts
NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient)
TSLA 5m Charts
Some important points for using this indicator in higher timeframes:
For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well.
The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels.
In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!).
Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe.
Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe.
BTC Weekly Chart
BTC Daily Chart
Nifty Weekly Chart
Nifty Daily Chart
NASDAQ Weekly Chart
NASDAQ Daily Chart
FINAL WORDS:
Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage.
DO NOT conflate the accuracy of examples with the accuracy of this indicator.
Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts.
You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots.
Work on avoiding whipsaws and finding you own edge in the markets.
If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
FinancialWisdom Breakout IndicatorBreakout is detected when:
1- Price is higher than previous 6 bars
2- price is above 1% of previous high and below 20%
3- price is above 20 week moving average
4- Volume is higher by 30% of 1 candle before.
5-MACD is positive
Remember indicators/strategies are there to help you in your trading and not to trade based on them solely.
Not a financial advise.
Midas Mk. II - Ultimate Crypto Swing>> This scrip is only meant to be used in 4hour crypto chart <<
How It Works - To swing trade in a 4 hr candles, which has a much larger range than shorter timeframe candles, the script utilizes a longer timeframe ema, sma and MACDs to account for such. When the ema and sma crosses and the rate of change of the MACD histogram is in favor of the direction, then the system provides a long/short signal.
How To Use - The script works the best when the signal is in par with other analyses (trend, harmonic patterns, etc.) This script does not provide any exit signals , so I recommend exiting when the candle breaks out of the structure, or other strategies.
Updates or revisions will be recorded in the comments. Good luck with this script!
(MACD-Price) Displaying MACD Indicators on Price Chartshello?
Although it is a simple indicator, I decided to disclose it because I thought it was a pretty useful (?) indicator.
** Others may have previously published indicators similar to this indicator.
** Please understand this.
** All charts or indicators disclosed are not guaranteed to result in profit or loss.
** Therefore, please use it as a reference for your own trading strategy.
(design purpose)
The MACD indicator is a secondary indicator and is located below the price chart.
Accordingly, it is not easy to check along with the price flow.
Therefore, the index has been reorganized to display important factors in interpreting the MACD index according to the price change.
(Metric Description)
- The center line of the EMA line corresponding to the MACD value and the signal value displayed in the MACD indicator is designed to receive the Close value or Open value among prices according to changes in the rise and fall.
- The color of the line displayed in the manner described above is designed to change color when the Histogram passes the zero point, so that you can check whether the current state is in an uptrend or a downtrend.
Uptrend: green
Downtrend: blue
(How to Interpret and Apply)
- Buy when the 'Buy / Sell line' of the MACD-P indicator is level and the color is green, and when it crosses the 'Buy / Sell line' upwards.
- Sell when the 'Buy / Sell line' of the MACD-P indicator is level and the color is blue, and when it crosses below the 'Buy / Sell line'.
MACD Strategy AlertThis Indicator will only give you potential entry base on MACD strategy combine with a 200 EMA
-Sell when price under 200 ema and MACD is crossing the signal line above 0
-Buy when price above 200 ema and MACD is crossing the signal line under 0
-Sending Alert for each Potential Entry
HULL MACDThis MACD modification uses a fast HULL MA instead of the regular one. Also includes 2 horizontal lines. When using it on a daily timeframe the lower borders should be used for guidance to know when the market has gone too far away from the average price and thus a reversal might happen.
On smaller timeframes the dotted lines can be used for this purpose.
AMACD - All Moving Average Convergence DivergenceThis indicator displays the Moving Average Convergane and Divergence ( MACD ) of individually configured Fast, Slow and Signal Moving Averages. Buy and sell alerts can be set based on moving average crossovers, consecutive convergence/divergence of the moving averages, and directional changes in the histogram moving averages.
The Fast, Slow and Signal Moving Averages can be set to:
Exponential Moving Average ( EMA )
Volume-Weighted Moving Average ( VWMA )
Simple Moving Average ( SMA )
Weighted Moving Average ( WMA )
Hull Moving Average ( HMA )
Exponentially Weighted Moving Average (RMA) ( SMMA )
Symmetrically Weighted Moving Average ( SWMA )
Arnaud Legoux Moving Average ( ALMA )
Double EMA ( DEMA )
Double SMA (DSMA)
Double WMA (DWMA)
Double RMA ( DRMA )
Triple EMA ( TEMA )
Triple SMA (TSMA)
Triple WMA (TWMA)
Triple RMA (TRMA)
Linear regression curve Moving Average ( LSMA )
Variable Index Dynamic Average ( VIDYA )
Fractal Adaptive Moving Average ( FRAMA )
If you have a strategy that can buy based on External Indicators use 'Backtest Signal' which returns a 1 for a Buy and a 2 for a sell.
'Backtest Signal' is plotted to display.none, so change the Style Settings for the chart if you need to see it for testing.
Hulk Strategy x35 Leverage 5m chart w/Alerts This strategy is a pullback strategy that utilizes 2 EMAs as a way of identifying trend, MACD as an entry signal, and RSI and ADX to filter bad trades. By using the confirmation of all of these indicators the strategy attempts to catch pullbacks, and it is optimized to wait for high probability setups. Take not that the strategy is optimized for use on BTCUSDT along with 35 times leverage(Using leverage is risky). The Hulk Strategy waits for strong trend confirmation and then attempts to identify pullbacks using MACD and RSI. By using these it identifies strong short term movement against the trend(hence the name Hulk). To use the strategy wait for the strategy to make an entry, and then enter with a stop loss of 1.1% and a take profit of 1.35% with respect to if it is a long or short position. The trade frequency of this strategy is high as it is made for use on the 5m timeframe. But this does not mean you will have to be staring at your computer constantly as an average of 1 trade takes place each day. This will vary a lot though, somedays the strategy enters up to 4 times. I wish you good trading and hope that you like this strategy!
P.S. The indicators on my chart are visualizations of the indicators used in the strategy, they are not necessary for the strategy to work though. Also the colored in cloud on the price chart is an EMA cloud and it comes with the strategy when you add it to your chart. This EMA cloud consists of two EMAs a 50 and a 200 EMA.
DiNapoli MACD Predictor TableThis indicator displays a table containing the MACD Predictor states from Higher Timeframes: a green background denotes a bullish predictor in that particular timeframe, and a red one denotes a bearish predictor.
Only Higher Timeframes states do appear in the table. Lower Timeframes are grayed out, due to inability to get reliable results for such behaviour in current Tradingview environment.
The position of the table can be customized through the input panel.
Note: The indicator is resource hungry, and sometimes it might need some seconds to fully populate the table.
RSI + MACDRSI and MACD in one simplified indicator. Why? Because :
1. Save chart space, declutter, make decision making better, faster
2. MACD is not scaled to RSI range, now it is so you can have side by side comparison
Example how to use:
Enter on RSI oversold or overbought level, then exit on MACD crossover
See if there is an extra confluence to enter, hold or exit your trades, i.e oversold and falling macd is better than oversold and rising macd for short trades potentially.
Squeeze M + ADX + TTM (Trading Latino & John Carter) by [Rolgui]About this indicator:
This indicator aims to combine two good performing strategies, which can be used separately or together, mainly for investment positions, although it can also be used for intraday trading.
Strategy 1) Squeeze Oscillator and Average Directional Index:
This strategy is taught by Jaime Aibsai, which determines market entries based on reading the direction of the price movement (Directionality of the Oscillator) along with the strength of the Oscillator (Slope of the ADX).
Both tools are configured according to Jaime Abisai's strategy, by default (note that point 23 of the ADX is represented by point 0 on the panel, to make reading easier, its interpretation is not affected). Anyway you can adjust the input data according to your interest.
*You can see this setting in the first panel.
Strategy 2) Squeeze Momentum and Trade The Market Waves:
This strategy can be consulted either in John F. Carter's books or on his website.
This market reading is based on Price Volatility (Bollinger Bands and Keltner Channels interaction) and its Trend (Exponential Moving Averages), showing entries at times when price volatility is low and taking filtering active trend using T.T.M. Waves.
To configure the indicator in the same way that Carter does, it would be enough to turn off the ADX, turn on the Squeeze Momentum signals along with the T.T.M. Waves, and importantly, change the Linear Momentum value to 12 (this configuration can be found in his book).
*You can see this setting in the second panel.
Why this indicator?
I've added and removed the above flags as I needed to query them (which became tedious for me). The main objective of having merged them into one is to make their reading more agile and comfortable and thus improve the decision-making capacity of the trader who wishes to use them.
Credits and Acknowledgments:
I would like to give credits to other authors, for the sections of code that I have used to make this technical indicator. Thanks to @LazyBear, @matetaronna, @jombie and @joren for contributing to the community and keeping their code open. It is priceless!
Feel free to combine and practice your trading with both strategies, personally, they improved my profitability and this is why I recommend researching more about them. I've been using it for crypto investing, let me know if it's worth for you on stock market!
If you have any questions or suggestions you can leave it in the comments!
Greetings!
The Brain Trust Presets Strategies [BTC / ETH] [PrismBot] [Lite]This strategy contains 9 different timeframe strategies (2 strategy types with pre-adjusted filter options for the different timeframes) tailored to BTC ( Bitcoin ) and ETH ( Ethereum ) on Binance. While I've listed these prebuilt strategies for specific timeframes, they are versatile enough to be checked and tested on other timeframes, and exchanges as well. I have been careful to avoid any curvefitting or overfitting. Included is useful default order settings, but we wanted to ensure you, the user, has control over the order settings for your own equity and trading.
These strategies are created, tailored, tested, and actively used by me.
It is up to you to do your own due diligence when testing these strategies on your exchange, and for your use, and PrismBot bears no responsibility for losses from the use of these strategies.
These strategies employ a variety of methods. Notable inclusions are other live strategies of mine including but not limited to:
ADX + MACD
RSI
Consolidations
Bull Bear Power
Volume Calculations
Open Interest Data
All of these setups include trend trading methods intended to maximize profitability in strong trending markets, and filters deployed to prevent failures in consolidation, though nothing is failproof.
You can control your leverage, quantity calculations, and other order settings. However, all other strategy input parameters are controlled by the strategy selectors.
Some strategies use 1.5 to 1 Risk to Reward ratio while others use 1:1.
How we execute trades for each strategy:
For 10m and 45m
we use a variety of settings for a Normalized MACD and ADX indicator. The thesis is we detect Normalized MACD crossovers at specific values and only allow trading of the strategy when the ADX is above a specific value.
For 15m, 1H, and 45m
we utilize the RSI crossovers of overbought and oversold and use the RSI moving average to filter trades. The thesis is we detect overbought for long and oversold for short.
For each strategy we use additional filters such as Bull Bear Power, Volume Flow, and Open Interest calculations to simply validate a trade.
Automatic Mode
In automatic mode, we detect your timeframe and current coin chart to decide one of the strategies from our database. If you want to manually select a different strategy or try the strategies on different cryptocurrencies, you can disable automatic mode entirely.
MACD of Aggregated Buy/Sell Pressure - InFinitoModified & Updated script from MARKET VOLUME by Ricardo M Arjona @XeL_Arjona that Includes Aggregated Volume
Aggregation code originally from Crypt0rus
***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually***
***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol***
- Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ).
- As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin.
Buy to Sell Convergence / Divergence by @XeL_Arjona:
"It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalized ones (Signal) which helps as a confirmatory."
Things to look for:
- Divergences: This indicator can very useful to spot tops and bottoms through divergences
jma + dwma macdThis MACD system was originally conceptualized by Jurik Research and made public to the world on their website .
The indicator consists of the faster Jurik Moving Average ( JMA ) and the slower Double Weighted Moving Average (DWMA). A long signal (green dot at the bottom) is shown when the JMA line crosses above the DWMA line (indicating a possible reversal in trend). A short signal (red dot at the top) is shown when the JMA line crosses below the DWMA line. Take profit signals (tan dot at the top/bottom) are shown when the JMA line reverses directions. Alerts for signals are included in this indicator.
The default settings are not optimized for any timeframe.
For an overlay version of this script, please see the following:
Credit to @everget for the re-creation of the Jurik Moving Average in pinescript.
Swing Crossings - TradingEDThis case study is based on different previous studies: ADX Performance , MACD Performance & RSI Performance, with 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 functionalities have been added to the original codes, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced .
Key components of the original ADX indicator:
• The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals.
• The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum.
• The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down.
• ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI , there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI , then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI .
Key components of the original RSI indicator:
● The Relative Strength Index ( RSI ) is a popular momentum oscillator developed in 1978.
● The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
● An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
It is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of an asset. The RSI is displayed as an oscillator (a line chart moving between two extremes) and can read from 0 to 100. Overbought does not necessarily mean that the price will reverse lower, just as oversold does not mean that the price will reverse higher. Rather, the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.
Key components of the original MACD indicator:
● The Moving Average Convergence Divergence ( MACD ) is calculated by subtracting a long period (26) Exponential Moving Average ( EMA ) from a short (12) period EMA .
● MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
● The speed of crossovers is also taken as a signal of a market is overbought or oversold.
● MACD helps traders to understand whether the bullish or bearish movement in the price is strengthening or weakening.
It is a momentum indicator that follows the trend and shows the relationship between two moving averages of the price of a security. It can function as a trigger for buy and sell signals, when you cross above (to buy) or below (to sell) your signal line. It helps to understand if the movement is bullish or bearish , if it is getting stronger or weaker. The further the MACD is above or below its baseline, it indicates that the distance between the two EMAs will be growing, often shown with a histogram that graphically represents the distance between the MACD and its signal line, and It is used to identify when the bullish or bearish momentum.
Main functions of this modified indicator:
1) The SOURCE for the counts can be determined by the trader (close, open, etc).
2) In some cases, you can select the type of MOVING AVERAGE, among many available options ( SMA , EMA , DEMA , HMA , etc.)
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS, depending on your trading style.
4) LENGTH, by default it will be loaded as in the STRATEGY, but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. *
6) You have the option to hide or show INDICATORS or SIGNALS based on EACH OSCILLATION.
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE, you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) For any type of SIGNAL, it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
b) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
c) When you have a SHORT SIGNAL or a LONG SIGNAL, you can change the EMOTICON that comes by default. **
* By default, they are marked as red for downtrends and green for uptrends.
** By default, they are marked with an emoticon indicating the possible direction of the price, down if it is bearish or up if it is bullish .
ESTOCÁSTICO + NORMALIZED MACD=== INTRO ===
This is a 2 in 1 indicator, STOCHASTIC + NORMALIZED MACD.
I release this script as public because both stochastic and normalized macd are public, so I cannot find any reason to post it as private :)
=== USAGE ===
You can use any of the indicators by itself as usual, stochastic as a oversold/overbought indicator as a momentum/trend indicator.
Usually, crossovers are used for LONG/SHORT entries.
I added dots for crossovers as well as background colors to show movement direction when both indicators agree: green = bullish, red = bearish and orange = range/consolidation.
=== SETTINGS ===
Default settings for both indicators have been changed (but they're of course configurable), to make them work better together.
You can also change NMACD moving average time to SMA or WMA instead of SMA, SMA is really slow for me but give it a try, WMA is more aggressive.
=== RECOMMENDATIONS ===
Always look for higher timeframes, for example, if you're trading 1h, don't try to catch a 1H "ALL GREEN" LONG while 4H is "ALL RED" because otherwise you're just "trying" to catch a bounce in the 1H chart that could never happen, always trade with the main trend.
Try to catch both crossovers in the opposite area, ex: try to LONG when both indicators are below 50 and SHORT above.
I did not test divergences on this indicator, as the MACD is normalized i prefer to use a standard MACD for that, but you can use the stochastic for sure.
Momentum LineWhat is this?
Momentum line (a blue line at the bottom area) tells you the short term trend movement of price. It will useful when the major trend is not developed-well. This line is not for a single use. We suggest you to use it with our other module: Trend Optimizer module, as shown above the momentum line.
Indicator & Strategies:
Momentum Line is based on moving average convergence divergence (MACD). We don't use the histogram, we don't concern the 2 lines crossing. So we blend the two lines into single lines.
See the charts, see the trend color (trend optimizer module) when it changed from long red color into white. It shows the medium trend changed from strong downtrend into neutral. But since the long term trend (the vertical trend bar below) is still not yet changed into green, the major trend (medium & long term) is still in development process. This is when we need to look at momentum line. If it pointing up, it gives confirmation that the uptrend is developing and you can buy the stocks using trend or swing strategies 9our profit trader module)
Benefit For you:
You can detect an early bottom reversal phase especially when you combine this momentum line script with out trend optimizer script.
Indicator Direction Table With Bullish & Bearish LabelsINDICATOR DIRECTION TABLE WITH BULLISH AND BEARISH LABELS
This is a table that shows the bullish, bearish or neutral trend for nine different popular indicators. Each indicator label will change color in real time to make you aware of each change in direction. This way you don’t have to read and analyze a bunch of different indicators constantly and you can focus on price action instead.
Look for the entire table to turn green or red before taking positions.
You can also set alerts for when the entire table of indicators is bullish or bearish.
The indicator settings allow customization of indicator lengths & values, table position and turning the indicator table on or off.
The length and other values for each indicator can be customized to suit your preferences, but by default all of them are set to the normal default settings that Tradingview supplies the indicators with. Typically 14 as the length.
The indicators used in this table are as follows:
MACD - Moving Average Convergence Divergence
Stochastic RSI - Stochastic Relative Strength Index
Vortex - Vortex Indicator
Momentum - Momentum Indicator
RSI - Relative Strength Index
PSAR - Parabolic Stop & Reverse
DMI - Directional Movement Index
MFI - Money Flow Index
Fisher - Fisher Transform Price Action
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This indicator table can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index + Fisher Price Action, Volume Profile With Buy & Sell Pressure, Auto Support And Resistance and Money Flow Index in combination with this indicator direction table. They all have unique features to help you make better and faster trading decisions.
Bogdan Ciocoiu - MoonshotDescription
Moonshot is an indicator that encapsulates the value delivered by the TSI, MACD, Awesome Oscillator and CCI algorithms to produce signals to enable users to enter positions in ideal market conditions. Moonshot integrates the value delivered by the above four algorithms into one script.
This indicator is particularly useful when trading continuation/reversal divergence strategies.
Uniqueness
The Moonshot's uniqueness stands from integrating the above algorithms into the same visual area and leveraging preconfigured parameters suitable for 1-3 minute scalping techniques.
In addition, Moonshot allows swapping or furthermore configuring the above four algorithms in such a way to align signals by colour-coding or shape thickness to aid the users with identifying any emerging patterns quicker.
Furthermore, Moonshot's uniqueness is also reflected in the way it has standardised the outputs of each algorithm to look and feel the same (including the scale at which the shapes are shown) and, in doing so, enables users to plug them in/out as needed.
Open-source
The indicator leverages the following open-source scripts/algorithms:
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
Backtest optimized Smoothed Log-Space MACD [elindicador.ai]This indicator is backtest-optimized for the Daily Timeframe. Usage is straight forward as showed in the chart. Once the histogram flips to blue it signals a good change of an uptrend. If it flips to orange this suggests a likely downtrend. If you use this Indicator on the $TOTAL chart it will also show reliable buy/sell signals with a little dot.
