This strategy is a modification of the “R3 Strategy” from the book "High Probability ETF Trading" by Larry Connors and Cesar Alvarez. This RSI strategy is for a 1-day time-frame and has these 3 simple rules: Criteria: The price must be above the 200 day moving average. The 2-period (day) RSI drops 3 days in a row. The 2-period RSI must have been below 60 3...
There are many tools for swing traders. Position traders have not as much, perhaps because they live in the fringe zone between fundamental analysis and trend following. In order to bridge this gap between fundamental analysis and technical analysis on large timeframes, we decided to work on building a market indicator that assesses its risk and quantifies it on...
This strategy aims to identify condition of exhaustion to trade market reversal. It uses multiple indicators to enter a position. It uses following indicator: 1. RSI 2. ATR Functionality of the Multi-Indicator: 1. RSI: If RSI value is more then 70(input parameter) then market is over-brought. When less than 30 (input parameter) then market is over sold. Over...
The following indicator help to have an idea of the current state of the MACD and FullStochastic in 1 hour and 1 day. If you are a trader that is regularly using stochastics and macd indicator and don't have enough space in you screen this might help to increase the space in your screen. Parameters used on MACD: 12, 26,9 Parameters used on Stochastics:...
Hello traders! I have been developing a fully customizable algo over the last year. The algorithm is based on a set of different strategies, each with its own weight (weighted strategy). The set of strategies that I currently use are 5: MACD Stochastic RSI RSI Supertrend MA crossover Moreover, the algo includes STOP losses criteria and a taking...
Quoted from Cheatcountry : “The Leading Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 235) and as the name implies, this is a leading indicator that provides super early signals. Feel free to change the alpha values to adjust to your needs. Buy when the indicator line is green and sell when it is red.” His original...
The script looks at how far the price is below or above the ichimoku cloud, and publishes an oscillator. Low or high oscillator values are indicative of reversals, to assist with long or short entry decisions.
Speculation Ratio Territory Calculator. It is used to find the Index Top or Bottom which will define the buying and selling zone. Example: As market Trades around 248 days in a year. So, 248day/2 = 124 Now Use 124 D SMA (Simple Moving Average). If Ticker XYZ trading at 38704 and SMA 124 at 30443 than SRT will be 01.27. (Calculation=38704/30443=01.27 is our...
This script simply displays bar colors corresponding to the SMI Ergodic Indicator. It does not display the oscillator or indicator itself. I prefer not to crowd my display with too many oscillators - others may find this script useful as well. Used in conjunction with other indicators, the SMII can give early reversal signals. Thanks to the TV community.
Display Case is a customizable multiple Indicator package that is usable right out of the box or can be modified to include your favorite oscillators, moving averages, or anything else! The display case dimensions and colors can be user defined in the Settings menu, as well as the candle length and heights of each indicator so they can be stacked separately or...
ENG: This is a script that colors RSI overbought and oversold conditions and as a bonus, displays bullish or bearish divergences in the last 90 candles (you can change it by default). Part of the code is taken from the Trading View examples. RU: Это скрипт, который окрашивает условия перекупленности и перепроданности RSI и в качестве бонуса отображает бычьи или...
This indicator is meant to give an overall indication of risk and a very basic implementation of the modified mannarino market risk indicator. I take no credit for the original formula, and just decided to hack this together so that it could be useful to the community
This is an expansion of the Tradingview built in Divergences indicator (bottom) with 2 MAJOR differences. First, and most importantly, the built in indicator identifies pivots in your chosen oscillator, but then utilizes the corresponding candle's HIGH or LOW to identify potential divergences. I'm not a fan of this method because oscillator values are typically...
This indicator uses Elliot Wave Oscillator Methodology applied on "BTC Golden Bottom with Adaptive Moving Average" and Relative Strength Index of Resulted EVO to form an Oscillator to detect trend health in Bitcoin price. Ticker is set to "INDEX : BTCUSD" on 1D timeframe. Methodology Oscillator uses Adaptive Moving Average with 1 year of length, Minor...
This is an original indicator so a true hidden gem in my opinion. I based this idea off of the work by Giorgos Siligardos (Stocks and Commodities Aug 2012) with his indicator called the Sector Rotation Model. This indicator is best used as a trend confirmation in combination with another indicator such as a leading indicator. This will show you how strong the...
Hey Traders, Tonight I'm updating my beloved original MoneyFlowTrend Oscillator with a Premium version. A little background: This is an indicator that I've been working to bring to life for years; learning pinescript code has allowed me to do just that. Built on the idea of Supply & Demand Zones, this utilizes money flow and numerous calculations to create a...
CHOPORSI is a multiindicator. This indicator help You to recognize potential in or out singal. Base singals are from Choppines, RSI, AND DMI indicators. It is a combination of 3 separate indicators like choppines RSI and DMI. Then our new indicator see like bellow on next image. Yellow line is sum of CHOP index and RSI ,...
Spread between Perpetual contrat and SPOT (funding) - ByBit - Binance - FTX - OKEX - BITMEX - PHEMEX - KRAKEN - HUOBI - OKEX