This custom script, titled " MACD Pulse Check ," is a modified and enhanced version of the traditional Moving Average Convergence Divergence (MACD) indicator, commonly used in trading for trend-following and momentum strategies. Here's a breakdown of its features and benefits over the traditional MACD: Multiple MACD Lines with Different Parameters: The script...
INFO: This indicator can be used to build-up a strategy for trading of assets which are currently in trending phase. My preference is to use it on slowly moving assets like GOLD and on higher timeframes, but practice may show that we find more usefull cases. This script uses two indicators - MACD and RSI, as the timeframe that those are extracted for is...
INFO: This indicator is useful for trending assets, as my preference is for low-frequency trading, thus using BTCUSD on 1D/1W chart In the current implementation I find two possible use cases for the indicator: - as a stand-alone indicator on the chart which can also fire alerts that can help to determine if we want to manually enter/exit trades based on the...
This strategy uses three indicators: RSI (Relative Strength Index) - It indicates if a stock is potentially overbought or oversold. CCI (Commodity Channel Index) - It measures the current price level relative to an average price level over a certain period of time. Williams %R - It is a momentum indicator that shows whether a stock is at the high or low end...
Extreme duration uses a special combination of the RSI and its relative position to deliver a reversal signal. The following are the conditions to generate signals: * Bullish signal: The current 8-period RSI is below 50 and above 35 while the previous 5 RSI's are below 35. * Bearish signal: The current 8-period RSI is above 50 and below 65 while the previous 5...
//==================================================================================================================== The "MACD_with_reference" indicator aims to illustrate the MACD (Moving Average Convergence Divergence) on two distinct timeframes: the base timeframe (typically the chart's timeframe, e.g., 1D) and the reference timeframe (defaulted to 1W). This...
The Fisher Transform Indicator is classified as an oscillator, meaning that its value swings above and below a central point. This characteristic allows traders to identify overbought and oversold conditions, providing potential clues about market reversals. As mentioned previously, it is an oscillator so the strength of the move is displayed by how long the...
Spot-Vol Correlation Script Guide Purpose: This TradingView script measures the correlation between percentage changes in the spot price (e.g., for SPY, an ETF that tracks the S&P 500 index) and the changes in volatility (e.g., as indicated by the VIX, the Volatility Index). Its primary objective is to discern whether the relationship between spot price and...
Today I'm proposing an idea to form S/R with a slightly different basic idea. This is a combination of CCI and candlestick study, and we will use this to mark possible reversal candles and possible S/R lines. This is nothing complicated, I've used a basic CCI indicator with certain rules/system to mark S/R levels on the chart. (Have loaded traditional CCI...
█ OVERVIEW The November 2023 edition of TASC's Traders' Tips features an article titled "VAcc: A Momentum Indicator Based On Velocity And Acceleration" by Scott Cong. This script implements the author's momentum indicator based on simple physics concepts. █ CONCEPTS The indicator is named VAcc as it is derived from the average velocity (V) and acceleration...
VAcc (Velocity & Acceleration) is a momentum indicator published by Scott Cong in Stocks & Commodities V. 41:09 (8–15). It applies concepts from physics, namely velocity and acceleration, to financial markets. VAcc functions similarly to the popular MACD (Moving Average Convergence Divergence) indicator when using a longer lookback period, but produces more...
The Ichimoku Oscillator is a trading indicator designed to streamline the interpretation of Ichimoku clouds. It aims to refine and condense the complexities of the Chikou (the lag line), presenting its implications in real-time through an oscillator format, beneficial for those familiar with Ichimoku components but to have a new interpretation of their...
The "RVI_HTF" indicator is a tool designed to assist traders in analyzing market trends using the Relative Vigor Index (RVI) across different timeframes. It enables users to customize various aspects of the indicator's appearance and behavior. By monitoring the RVI on different timeframes, tracking its relationship with the moving average, and paying attention to...
CCI-RSI Combo indicator is a combination indicator that includes CCI and RSI. It uses some parameters to calculate the values of CCI and RSI, and generates corresponding charts based on these values. On the chart, when CCI exceeds 100 or falls below -100, yellow or magenta filling areas are displayed. Additionally, gradient colors are used on the RSI chart to...
Description: MADALGO's Enhanced OBV Divergences indicator is a unique tool designed for traders to visualize the divergences between price action and On Balance Volume (OBV), a fundamental aspect often indicative of underlying strength or weakness in the market. By keenly identifying these divergences, traders are better positioned to anticipate potential trend...
OBJECTIVE: The objective of this indicator is to synthesize, via PCA (Principal Component Analysis), several of the most used indicators with in order to simplify the reading of any asset on any timeframe. It is based on my Bitcoin Risk Long Term indicator, and is the evolution of another indicator that I have not published 'Average Risk Indicator'. The idea...
Hello traders A customer gave me the idea indirectly after I made an update to that script: Supertrend MTF Heatmap Important Notes The backtest results aren't relevant for this educational script publication. I used realistic backtesting data but didn't look too much into optimizing the results, as this isn't the point of why I'm publishing this...
Clear trend identification is an important aspect of finding the right side to trade, another is getting the best buying/selling price on a pullback, retracement or reversal. Triple Ehlers Market State can do both. Three is always better Ehlers’ original formulation produces bullish, bearish and trendless signals. The indicator presented here gate stages three...