The RSI is a very popular indicator that follows price activity. It calculates an average of the positive net changes, and an average of the negative net changes in the most recent bars, and it determines the ratio between these averages. The result is expressed as a number between 0 and 100. Commonly it is said that if the RSI has a low value, for example, 30 or...
Momentum Oscillator -Dynamic & Flow (Expo) is a fast-moving, sensitive oscillator that makes use of momentum in various ways. The indicator has two additional layers (Buy & Sell moves) and (Extremes) which makes it reacts quickly to price changes. The indicator displays overbought and oversold areas as well as extreme areas and how aggressive buyers and sellers...
Having good pattern recognition? Use this indicator to test and practice it. Market is full of life, with seasons. 9 Seasons Rainbow Indicator displays 9 seasons of any trading instrument in multiple time frames, helping traders and investors understand the flow of price. The combination of seasons in different time dimensions may give perfect trading signals,...
This script is the same as Williams %R except that on green days we plot green and red on red days. If a bar opens and closes the same, we plot black.