In this script I combined the various of the oscillator Stochastic (STOCH) with BB (Bollinger Bands). Each cut of K and D creates a mark (+) Red / green - accordingly. As the Stochastic (K) crosses the BB base, a green / red point is formed accordingly. As a sign it is possible to continue up / down. I added EMA8 to K (style circles) When the oscillator is...
In this script I combined the various of the oscillator MFI ( Money Flow Index ) with BB ( Bollinger Bands ). As the MFI crosses the BB base, a green / red point is formed accordingly. As a sign it is possible to continue up / down. I added EMA8 to MFI (style circles) When the oscillator is above the EMA - it is possible that this is a clear sign of an...
The Beacon detects when the current true range is higher than the previous highest true range. When this happens, the beacon will either be blue or red. Blue - bullish Red - bearish Enjoy ;)
Release Note: Keeping in mind of getting full potential of Donchian Channels, As part of this script, Linear Regression is used as primary source to identify trend and execute the trades. Hull Moving Average given as alternative option in place of Linear regression. Linear Regression: Linear regression used to identify trend, trade setup, and stop. Based on...
IV is implied volatility HV is historic realized volatility Seneca teaches that we often suffer more in our minds than in reality, and the same is true with the stock market. This indicator can help identify when people are over paying for implied volatility relative to real volatility . This means that short sellers are over paying for puts and can be squeezed...
BV determines when volume is high by comparing the previous volume high over n periods to the current volume. If the current volume exceeds the previous volume high, then the indicator columns will turn red. Enjoy :)
This divergence indicator can track the correlation between one or more symbols. I use it to track the divergences between the VIX volatility index, gold, bonds, as well as other market leading indicators. When using with Vix, lower coefficients can lead to false signals. When in a high vix bear market signals, there is more noise and more false (or missing)...
Simple MA envelopes, but the distance which the MA is projected is dependent on ATR. User chooses MA length, ATR length. Additionally, there is a multiplier which can be used to project the bands additional X amount of ATR.
I like to look at volatility in percentage and not in numbers. This is exactly what this script provides. It calculates the true range of a candle in percentage to the current price (for finished candles it uses it's close price). The script also allows you to compare open and close prices.
The Average Direction Index (ADX) coupled with the Direction Movement Index (DMI), developed by J. Welles Wilder, is a popular indicator that measures trend direction and strength. The AX line (blue) is used to show the strength of the current trend. It does not tell you the trend direction. The under laid histogram shows relative movements of the price with...
Works best on the Daily time frame and up as any lower and signals get more noisy. If you are looking for more lower time frame signals I have a LTF version here: This indicator uses multiple EMA's, a few SMA's, Kumo, and TK/PK Cross to determine when to print signals.
Alternative Keltner calculation using NWMA
Experimental attemt of applying Logistic Map Equation for some of widly used indicators. With this study "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)" and a custom interpretation of Logistic Map Equation is presented Calculations with Logistic Map Equation makes sense when the calculated results...
ATR Percentile shows you the percentile that the current ATR is at relative to it's previous values. There are 3 parameters: ATR length, Percentile length, Percentile level. This is indicator is very interesting because it's based on an indicator that originally doesn't generate signals. When the current ATR's percentile is higher than the Percentile level, the...
Hello Traders, Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down...