The idea for this started here: www.tradingview.com with the user @dime This should only be used on SPX or SPY (though you could use it on other things for correlation I suppose) given that the instrument used to create this calculation is derived from the S&P 500 (thank you VIX). There's a lot of moving parts here though, so allow me to explain... First: The...
Average Directional Index ( ADX ) Based off of MasaNakamura's implementation, modified to show high & super-high momentum thresholds. In addition, coloring the trend line by the prevailing trend direction from the DI (Red if down, Green if up) allows you to remove the DI if you want to reduce chart clutter! "The Average Directional Index (ADX), Minus...
The script let you know when to sell or buy around MACD indicator.
The Elastic Volume Weighted MACD is a variation of standard MACD. The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average. I took the formula of EVWMA from public library coded by LazyBear. I use EVWMACD as a trend confirmation indicator. Just tune all lengths and parameters according to your instruments
Script requested by @sergebtpepper7, hope it will serve someone else :) You can use it and modify it by your needs.
Classical CCI gives the mean deviation of typical price ((high+low+close)/3) value to the simple moving average of typical price drnk_CCI is using the same mathematical formula but configuration let you choose average type to calculate the mean deviation. Default values gives the classic CCI
MACD for Buy & Sell signal indicator last part of Buy and sell signal set. It was coded base on CCI source. Allow trader can read volume trade on market 1 set buy and sell signal 1- Buy & Sell signal indicator 2- RSI for Buy & Sell signal indicator 3- MACD for Buy & Sell signal...
The Power Momentum indicator calculates momentum in a different way. The graph may look similar. The important part is the color of the bars. If you set the "Base Line" to "Zero", there are two important things to notice. The orange color when the bars are below the base and the blue color when the bars are above the base. If you set the "Base Line" to "Stats",...
This indicator allows you to trade RSI and MFI oversold and overbought zones with MACD confirmation. It is also possible to take an early trade by checking the " delta " (difference between the fast MACD line and the signal line) (histogram) value of the MACD. Buy Condition Both RSI and MFI must be in the oversold area After that, wait for a MACD crossover ...
Description and documentation can be found within the script.
This tool trade margin . Everyone can user time frame from 5m to 1d Contact me : Telegram : @Pjpjka to trial Tool use with RSI and Stoch.