Step-MA Filtered CCI is a CCI indicator that is filtered using a stepping moving average function. This produces a CCI that is much cleaner due to noise reduction. What is CCI? The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above...
Generalized Step Moving Average w/ Pips Filter is a stepping function on source input to derive a moving average. This general form the stepping can also be applied to any other input such as EMA, SMA, HMA, WMA, etc.. This moving average employ a filtering system based on the following: Core filter, both min and max value: pips * (multiplier) or the (average of...
Plots the momentum acceleration oscillators from price and RSI, rescaled and with areas above/below highlighted. Usage: in a nutshell, when the background is yellow, it's bearish (RSI decelerates faster than price), whereas when the background is green, it's bullish (RSI accelerates faster than price). It appears to detect early some reversals that are otherwise...
I like to use it on the daily. This helps with indicating buy signals on the DXY, BITCOIN and ETH charts. You're able to customize the colors of the buy signals etc. Enjoy!
This indicator was made to help my friend. This indicator basically calculates the MOVE in percentage and shows the OHLC of candle in a label. -> Panel Index: How much index you want the label to be. -> Show Candle OHLC: Shows Open High Low and Close of the candle in the panel/label -> % Calculation Mode: 1: Calculated by Candle Wick Low to Candle Wick...
Psychological levels (Bank levels) plots "round" price levels above and below current price, by truncating after the nth leftmost digits, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers around which price often experience resistance or support, because...
✋ Experimental script where a diamond shape is created by making 4 lines around each bar which touches the edge of the bar. 𒀸 Example of how it works: Create the left upper line: A) Calculate middle of the bar B) Calculate which one is highest -> close or open 'Draw' imaginary line from A to B (A starts 1 bar...
This is the only indicator combing the results of VWAP + 2 SMAs + 2 EMAs. This is a free indicator. Enjoy using it. Kunal Jain
This script aims to encompass the style of Traders Reality, Steve M (BTTM), and Stacey Burke (youtube) yesterday and last wk high and low Custom watermark with examples (good for fullscreen multicharts) can set it to show the year and week x of year Colored candles for ays of week. The theory behind these colors are that monday and tuesday set your...
unknown author. Just wanted to publish this so I can share the link. indicator shows volume bars in a sub-chart but separates the buy and sell
This is a "bands"-type indicator. It was developed out of my Sharpe Ratio indicator . It uses the standard deviation of returns as basis for drawing the bands. I'm going to update this indicator as the other indicator evolves. Please be sure you know how to calculate Sharpe Ratio and check out the Sharpe Ratio indicator as well. This will help you understand...
This is my tool, I wanted to publish it so that my friend can easily find my tool
This is a very useful Multiple time frame Slow Stochastic for traders who which to entry and exit when the slow stochastic of the different time frame are all in sync. How to use this indicator. Only entry long when the day, 3day, weekly, monthly stochastic are going up. Exit when the day or 3day stochastic reaches 80% level.
This is a multi Simple Moving Average line which changes color when the line curves change in gradients, enable users to notice the change in the curve of the moving average lines.
I have made an all in one powerful script. It contains all meme lines(Moving average, Ema, Dema, Vwma, Hma) In general, orange color means negative and white means positive. But you can very easily customize the colors according to your need and enable and disable any meme line. Dots represent change of price action, although it works on every time frame but I...
It´s just the histogram of the MACD . (Actually it´s not a histogram, I like the Area visualisation more. But you can switch.) 5min stock market property When I´m using the MACD , I´m just searching for a divergence between Price and the MACD-histogram. I´m not interested in the MACD-signalline or the MACD-line in any way. As you can see, The omission of them...
This is just a script to see the usage of volume from another source, i.e. US100 while using alerts in Renko chartview.
(When Relative Strength Cross Over Zero Line with Green Signal then you decide @@Buy posation at own risk reward) (Whwn Relative Strength Cross zero line Below with red Signal , Then you decide Short posation at own Risk.)