Let's take the classic Relative Strength Index (RSI) and give it couple of modern upgrades - the results are better visuals with improved signals and trade decision support:
Options and features:
- Dual period: look at the short term RSI vs a backdrop of a longer period RSI (expressing the longer-term "prevailing sentiment") - get clearer "re-entry" points in...
Weis Wave study price and volume relationship to generate waves chart(positive wave-uptrend, negative wave-downtrend) that aims to identify reversals and pullbacks. On top of that, bars are color-coded with Awesome Oscillator for confirmation. Green positive bars may indicate long opportunity and negative red bars may indicate short opportunities.
For some reason...
A ZigZag Like based on candle close.
A lot of options that can be hide in options.
Triangle/bright - reversal confirmation candle
Circle/dark - higher/lower candle breakout
Square/light - Insidebar
Cumulative Volume Delta or simply CVD is the accumulation of the Total Volume Delta .
It starts accumulating from the beginning of the available volume data.
It only shows meaningful information for symbols with volume data.
It does not change its shape when changing timeframes.
How to use it:
You can start using it by searching for divergences with the price.
This indicator is similar to the Weis Wave Volume indicator in that it shows cumulative volume for each up and down price wave. However it is calculated differently, using the Jurik moving average to determine turning points. Use this in conjunction with the R100 Wave indicator to determine the best fit Jurik length and power settings.
A great indicator to help...
This is a Wave (or Zig Zag) indicator I made to use in conjunction with the Wave Volume indicator I use.
It uses the Jurik moving average to determine turning points, and will plot the tops and bottoms of the wave based on the most recent high- so you can also use to quickly find pivot highs and lows. If you are using with the R100 Wave Volume indicator, first...
Display volume totals of each wave of movement. With this you can generally determine when a trend is weakening by lesser relative wave volume in the trend direction whilst increasing volume in the reverse direction.
You can also identify absorption based on high volume waves with less wave distance.
Currently limited to around 50 wave counts per chart due to...
Custom Accumulation / Distribution indicator enhanced with a cloud formed by moving averages for longer term bias.
Beware the way Acc/Dist indicator should be used is to map the levels and swing points to identify supply levels and not focus too much on the clouds.
ALERTS for PHOENIX v0.1 - DO NOT USE THIS SCRIPT UNLESS YOU ARE MARGING TRADING
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Implementation in TradingView of modified version of the "Weis Wave".
indicatior will generate Long and Close Long signals according to market trend.
(Learned the hard way that...
Waves of price action are created based on periods of sustained direction volume. This indicator allows you to see the rating of volume in each of these waves relative to others.
![BTCUSDT: ZigZag Plus [xdecow]](https://s3.tradingview.com/c/Cdz6oslH_mid.png "ZigZag Plus [xdecow]")
![BTCUSD: [djt] wv2](https://s3.tradingview.com/r/RdGqkRrN_mid.png "[djt] wv2")
