The Velocity Indicator was created by Scott Cong (Stocks and Commodities Sep 2023, pgs 8-15). This is my variation of his formula designed to capture the overall velocity of the underlying stock by applying the typical velocity formula. This indicator is visually similar to a typical stochastic indicator but uses a different underlying calculation. This works well...
█ Introduction This is my second version of the L&S Volatility Index, hence the name "Refurbished". The first version can be found at this link: The reason I released a separate version is because I rewrote the source code from scratch with the aim of both improving the indicator and staying as close as possible to the original concept. I feel that the first...
The Short-Term Index (STIX) is a simple market indicator designed to assess short-term overbought or oversold conditions in the stock market. Leveraging a combination of advancing and declining issues, STIX provides valuable insights into market sentiment and potential reversals. To enhance its interpretability and reveal the underlying trend with greater clarity,...
Taylor Series Approximations for Trigonometry: 1. The indicator starts by calculating sine and cosine values of the close price using Taylor Series approximations. These approximations use polynomial terms to estimate the values of these trigonometric functions. Mathematical Component Formation: 2. The calculated sine and cosine values are then multiplied...
Enhancing Your 1-Minute Trades with Dynamic HTF MACD Smoothing Ever found yourself glued to a 1-minute chart, trying to catch every minor price movement, yet feeling like you're missing the bigger picture? Picture this: a solid MACD line on that chart, dynamically smoothed from a higher timeframe (HTF). This tool offers two significant benefits over other...
The AI SuperTrend Clustering Oscillator is an oscillator returning the most bullish/average/bearish centroids given by multiple instances of the difference between SuperTrend indicators. This script is an extension of our previously posted SuperTrend AI indicator that makes use of k-means clustering. If you want to learn more about it see: 🔶 USAGE The...
Within the ALMA calculation, the Gaussian function is applied to each price data point within the specified window. The idea is to give more weight to data points that are closer to the center and reduce the weight for points that are farther away. The strategy calculates and compares two different Rate of Change (ROC) indicators: one based on the Arnaud...
OBV Oscillator Volume Filter Introduction The On-Balance Volume (OBV) is a widely-used technical indicator that aims to relate price and volume in trading. Price and volume are two of the most basic and yet crucial concepts in price movement. Together, they can reveal a lot about the instruments trends and the market's sentiment. This On Balance Volume (OBV)...
This indicator combines elements of the Exponential Moving Average (EMA) crossover and Rate of Change (ROC), generating a solid simple tool for technical analysis. Overall, this script creates an oscillator by calculating the Rate of Change between two Exponential Moving Averages (Fast and Slow) based on the chosen smoothing methods and lengths. The...
The Realized Loss & Profit indicator aims to find potential dips and tops in price by utilizing the security function syminfo.basecurrency + "_LOSSESADDRESSES". The primary objective of this indicator is to present an average, favorable buying/selling opportunity based on the number of people currently in profit or loss. The script takes into consideration the...
This Pine Script indicator allows you to accurately measure the angle of any given source line on a chart. The angle is calculated based on the slope of the line, providing insights into the direction and steepness of the line's movement. By utilizing mathematical calculations and trigonometric functions, the indicator helps traders and analysts assess trends and...
The QQE (Quantitative Qualitative Estimation) Weighted Oscillator improves on its original version by weighting the RSI based on the indications given by the trailing stop, requiring more effort in order for a cross with the trailing stop to occur. 🔶 USAGE The QQE Weighted Oscillator is comprised of a smoothed RSI oscillator and a trailing stop derived...
█ Overview The Machine Learning Momentum Index (MLMI) represents the next step in oscillator trading. By blending traditional momentum analysis with machine learning, MLMI delivers a potent and dynamic tool that aligns with the complexities of modern financial landscapes. Offering traders an adaptive way to understand and act on market momentum and trends,...
Hello Traders This Trading Indicator / script is my interpritation of the use of shannons entropy in Trading, hope you find this usefull !!! Information Entropy Oscillator : In Physics, entropy is a concept and a measurable physical property that is most commonly associated with the state of disorder, randomness or uncertainty of a system. In the...
These indicators was originally developed by John F. Ehlers (Stocks & Commodities V. 19:10: MESA Adaptive Moving Averages). Everget wrote the initial functions for these in pine script. I have simply normalized the indicators and chosen to use the Laplace transformation instead of the hilbert transformation How the Indicator Works: The indicator employs a...
Works better for Cryptos (1W and greater than) timeframes. This strategy incorporates multiple indicators to make informed trading signals. It leverages the Stochastic indicator to assess price momentum, utilizes the Bollinger Band to identify potential oversold and overbought conditions, and closely monitors Moving Averages to gauge the trend's bullish or...
Publishing this experimental indicator. What it does: The indicator uses a user-defined lookback period on a user-defined timeframe to lookback at all instances of RSI. It breaks RSI down as follows: RSI between 0 - 10 10 - 20 20 - 30 30 - 40 40 - 50 50 - 60 60 - 70 70 - 80 80 - 90 90 - 100 From there, it stores the ticker's move from open to high and...
----------------------------------------------------------------- General Description: This indicator ( the one on the low panel ) is a classic MACD that also shows regular divergences between its histogram and the prices. This script is special because it can be adjusted to fit several criteria when trading divergences filtering them according to the "height"...