Introducing the groundbreaking Broadview Underpriced & Overpriced indicator—a convergence of science, technology, and mathematical finance. This cutting-edge development takes the highly acclaimed Overbought & Oversold Heatmap and elevates it to an entirely new level by infusing it with price trends through the application of special moving averages. The result is...
The "Investor Satisfaction/Price Divergence" is an indicator designed to quantify investor satisfaction and pinpoint potential price divergences. The primary goal of this indicator is to provide a reliable tool for gauging investor sentiment and identifying price divergences. These insights can be instrumental in predicting possible market trend reversals. Key...
The Dynamic Fusion Oscillator (DFO) is a uniquely crafted trading indicator that amalgamates the power of the Relative Strength Index (RSI) and the Stochastic Oscillator into a single, comprehensive tool. It provides traders with a more nuanced analysis of market momentum and overbought or oversold conditions. The DFO's distinctiveness lies in its ability to...
█ Background information The Relative Strength Index (RSI) and the Exponential Moving Average (EMA) are two popular indicators. Traders use these indicators to understand market trends and predict future price changes. However, traders often wonder which indicator is better: RSI or EMA. What if these indicators give similar results? To find out, we...
This indicator is a must-have for every trader as it provides a practical tool to quickly evaluate the current price of a security. Designed specifically for manual trading, this indicator is based on "The Forbidden RSI " indicator and provides an easy way to identify overbought and oversold conditions in the market. By using this indicator, traders can make...
This oscillator can be customized by adjusting the length of the Willy period, the length of Willy's EMA, and the upper and lower bands. The upper and lower bands help traders identify overbought and oversold conditions. The WillyCycle Oscillator is a technical analysis tool used to measure the momentum of an asset and identify overbought and oversold conditions...
"This code creates a technical analysis indicator used to calculate and visualize the WillyCycle oscillator and double moving average indicators on the price of a financial asset. The functionality can be summarized as follows: *Calculate the WillyCycle oscillator: The WillyCycle is an oscillator calculated based on the highest and lowest values of an asset. This...
Slopes are an increasingly key concept in Technical Analysis. The most basic type is to calculate them on the prices, but also on technical indicators such as moving averages and the RSI. In technical analysis, you generally use the RSI to detect imminent reversal moves within a range. In the case of the Blue indicator, we are calculating the slope of the market...
Description: MOM-LRC is a powerful technical analysis indicator designed to provide traders with signals based on the momentum of an asset's price and its deviation from its mean value. The indicator calculates the exponential RSI and uses a custom function to determine the percentage change from the mean. The upper and lower bands of the momentum channel are...
what is Faytterro oscillator? An oscillator that perfectly identifies overbought and oversold zones. what it does? this places the price between 0 and 100 perfectly but with a little delay. To eliminate this delay, it predicts the price to come, and the indicator becomes clearer as the probability of its prediction increases. how it does it? This indicator is...
Rekt Edge Reversion band is a technical indicator that utilizes a combination of moving averages and standard deviations to determine optimal entry and exit points in the market. By comparing the current price to its moving average, the indicator identifies potential trends and determines how you can position around them by plotting buy/sell signals and two...
what is Faytterro Bands? it is a channel indicator like "Bollinger Bands". what it does? creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations. how it does it? it...
At the suggestion of a friend, I prepared this educational indicator to show how to use a Multi time frames on the chart based on the color of The Candle. This Script calculates the stochastic oscillator for multiple timeframes and displays the overbought/oversold signals on the chart with color coding. The stochastic oscillator is a momentum indicator that...
what is Limited Fisher Transform? This indicator is a compressed version of the Fisher transform indicator between 100 and 0 values. what it does? It allows us to define overbought and oversold zones by compressing the values of the "fisher transform" indicator between 0 and 100. also these zones are the same for every timeframe and trading pair, just like...
This script is also a Stochastic RSI Screener, but it allows users to choose one specific symbol and three timeframes of that symbol to monitor at once.
RSI TREND Filter on Chart RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps. Oversold and Overbought conditions are marked...
— Overview Fair value bands, like other band tools, depict dynamic points in price where price behaviour is normal or abnormal, i.e. trading at/around mean (price at fair value) or deviating from mean (price outside fair value). Unlike constantly readjusting standard deviation based bands, fair value bands are designed to be smooth and constant, based on typical...
DESCRIPTION: This script combines the Relative Strength Index ( RSI ), Moving Average and Divergence indicator to make a better decision when to enter or exit a trade. - The Moving Average line (MA) has been made hidden by default but enhanced with an RSIMA cloud. - When the RSI is above the selected MA it turns into green and when the RSI is below the select MA...