A simple Correlation Indicator initially configured for Crypto Trader use (but other markets can use this too).
It plots the correlation between the current chart (say BTCUSD ) versus 4 user-definable indices, currency pairs, stocks etc.
By default, the indicator is preconfigured for:
GOLD (Oz/$),
Dow Jones Index (DJI),
Standard & Poor 500 Index (SPX) ,...
The thickest blue line is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
This is the {EMA} implementation.
~JuniAiko
(=^~^=)v~
The thickest blue line is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
This is the {SMA} implementation.
~JuniAiko
(=^~^=)v~
Find the most relevant price direction changes with ease, with this geometry-based indicator.
Stop wasting your time with moves that don't offer a satisfactory range for good profits.
Here we are looking at a trend strength indicator based on the Relative Vigor Index(RVI). The RVI measures trend strength by comparing the open-close and high-low ranges for the current and three most recent periods. As a zero-centered oscillator, the RVI oscillates above and below zero to signal the strength of the trend.
As there are different ways to interpret...
Building upon an indicator that I really like, I decided to add alerts and plot shapes for extra certainty. Credits to all the programmers who actually did all the heavy lifting on the calculations - I just added easy stuff (and what I think are good conditions for going long).
Hi, Folg,
OBV MACD OSC gives a Buy signal when the OBV value crosses up its EMA and a Sell signal when it crosses down its EMA.
Cross over markers Directional bgcolor, where RED for bearish (S) and GREEN for bullish (B)
If you include volume analyses in your trading strategy, automating OBV MACD OSC will give buy signals whenever volume and price are rising...
Firstly, 100% of the credit goes to Greg Morris @ Stockcharts.com for the article detailing the concept and most of the settings/components. I've simply implemented his idea. I haven't sought permission from him, but given that he was open with the components of the indicator I'm assuming he's happy for me to go ahead and code this in pinescript. See the article...
This is the MACD of a stochastic OBV movement indicator. It is good (right) to work with both price and volume. I've included highlighting based on price divergence. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), just...
