This indicator is based on true strength indicator with wave trend oscillator. Disclaimer: All the signals it is giving is based on the market movements only. I am not responsible for your PNL if you follow this indicator. *Caution: Beta version
One of the indicators in the "Trend Buddy" suite. This indicator plots the oscillator at the bottom of the chart and colors the candles according to trend strength. The oscillator can be used to identify divergence in several ways If price is moving one way and the oscillator another, it can mean that the trend is gearing up to change. Example: above, in...
Uses a short moving average and Heikin Ashi price action for strength measurement. Enjoy. Heikin Ashi candles only!
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is...
The scope of this script is to measure momentum and strenght of EURO and DOLLAR using their indexes. Forza (line) above 0 means EURO is stonger than DOLLAR Momento (histogram) above 0 means EURO has a positive momentum against DOLLAR The added value to see MACD and RSI directly on EURUSD chart is that indexes consider also other pairs so their RSI and MACD has a...
Range Action Verification Index (RAVI) indicator script. This indicator was originally developed by Tushar Chande (see his book "Beyond Technical Analysis: How to Develop and Implement a Winning Trading System").
Trend Trigger Factor indicator script. This indicator was originally developed by M. H. Pee (Stocks & Commodities V.22:12 (28-36): Trend Trigger Factor).
This indicator is meant as a means to assess the significance ("strength") of a Moving Average , in other words how likely it is that price action is going to find support or resistance at the MA. How it works When the high or low of a candle is within the band around the MA defined by the "fuzziness" parameter, the significance of the MA increases...
Relative Spread Strength indicator script. This indicator was originally developed by Ian Copsey (Stocks & Commodities V. 24:10 (16-23): Forex Focus).
Intraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.
XPloRR MA-Trailing-Stop Strategy Long term MA-Trailing-Stop strategy with Adjustable Signal Strength to beat Buy&Hold strategy None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy. Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade. My buy...
The color of the RSI inner bands will change from Purple to Green if RSI >70 and they will change to yellow if RSI >75. Nothing else has been changed from the standard RSI. Please understand I'm testing how publishing indicators works in Trading View. I have only done a minor adjustment to the RSI indicator, but I plan to do much more once I fully understand the...
This is an indicator for Indian markets. It shows the relative strength of particular stock to the underlying index. The concept of this indicator is well described in Stan Weinstein's book.
This indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator Since it is too time consuming to constantly change the index, I have developed a multi-index indicator. The default order of the indexes is: 1. S&P 500 2. Dow Jones Industrial Average 3. Nasdaq Composite 4. NYSE Composite 5. DAX You can change all indexes in the...
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500). This indicator combines the relative strength with Weinstein's stage analysis. The indiacator was made for weekly stock charts only! BUY & HOLD Conditions (green): 1. Mansfield Relative...
Relative Strength Index with indicator lines at 20, 30, 50, 70 and 80 marks. Use settings to show/hide these lines, and to choose appropriate colors.