theheirophant

🥢Crypto-Sticks: Absolute Strength Index Osc. by Cryptorthyhms

🥢Crypto-Sticks™: Absolute Strength Index Oscillator (Tudor Marcelin)

A new series of indicators brought to you by Cryptorhythms...giving you an alternate look at your trusted favorites! Follow me, there are still 2 dozen Crypto-Sticks indicators planned - all will be released in public library.

🚀Indicator Specific Info

New Crypto-Sticks option is an EMA of the average signal line output. Eventually I will go back and update the previous indicators with this feature as well!

Heiken Ashi candles (default) adds some more clear trend changing points. HA example here:
Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. VW
adds too much noise in my opinion, especially during periods of higher volatility . I left there in case you want to experiment. An example of VW+HA:

💭Please leave me any ideas or feedback you have!

🚫If you use volume weighting you should be on heiken candles.

🚀Crypto-Sticks General Info

🚧This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).

📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. I recommend using the indicator on this setting.

🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise.

👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.

💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Remove from Favorite Scripts Add to Favorite Scripts
Impressive analysis and coding, CS. I'm adding this to my suite of indicators to see how it does. Rob
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out