Shinohara Intensity Ratio (SIR) - the indicator This indicator is used to make clear the intensity of the trend. It shows the possible trend of the price. If the price is in an uptrend or in a downtrend, the indicator shows when you can buy or sell or get out. A good example can be seen in the chart with natural gas, a few days earlier it was already seen that a...
HLC True Strength Indicator Volume Weighted with Vix Line by SpreadEagle71 This indicator is a True Strength Indicator with Close, High and Low used together, along with the TSI of the Vix. The white line is the close. The red line is the lows and the blue is the highs. These are also volume-weighted. How to Interpret: 1. zero line crosses. If SPY/SPX500...
Hi Guys, I have created Artharjan Relative Strength indicator which shows the comparison of a Stock (script) either with Benchmark Index or with its respective sectoral index. If the Relative Strength value is more than Zero (Above Zero Line) then it means the Stock is outperforming the index and vise-a-versa A moving average is also added to smooth out data...
Relative slope metric Description: I was in need to create a simple, naive and elegant metric that was able to tell how strong is the trend in a given rolling window. While abstaining from using more complicated and arguably more precise approaches, I’ve decided to use Linearly Weighted Linear Regression slope for this goal. Outright values are useful, but the...
As you probably know in TradingView there is a limit of 40 instruments in one custom screener. I created a script that will allow you to scan more symbols. The idea of it is pretty simple. You have to add a screener a few times on your screen with a different set of symbols. Then select column width (as % of your chart width) and # of the screener right to left....
A mathematically elegant, native & modern way how to measure velocity/ strength/ momentum. As you can see it looks like MACD, but !suddenly! has N times shorter code (disregard the functions), and only 1 parameter instead of 3. OMG HOW DID HE DO IT?!? MACD: "Let's take one filter (1 parameter), than another filter (2 parameters), then let's take dem difference,...
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. The RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator displays the current RSI levels at up to 6 timeframes (of your choosing) in a grid. If...
SignalsPirate™ Trend Meter gives a complete and all in one insight into the current price action trend and its underlying strength for any asset on any timeframe! This tool utilise a multitude of tried and tested technical indicators to dynamically and accurately determine the current trend strength of a given asset. Depending on the level of trend strength,...
SignalsPirate™ Currency Strength package was created to take your Forex trading to the next level. With a simple yet intuitive display of the underlying strength of all major currencies it’s a great tool to add to your arsenal, or even as your sole trading strategy component! The only input required to fine tune the underlying logic is the ‘Length’ variable, this...
Relative strength is a calculation of the price trend of a stock or a financial instrument in comparison to another instrument, stock, or industry. It shall be determined by taking the price of one commodity and dividing it by another. Relative strength is a strategy used for determining value stocks and is used in momentum investing as well. It involves...
Introducing the TraderLion Data Panel Features 1. Plot Quarterly EPS & Sales in a table. Disclaimer | TradingView data for EPS & Sales can be highly inaccurate in some cases. 2. U/D Ratio - Calculates the Up/Down Volume Ratio on a 50 Day Average or 20 Day Average. A number above 1.5 will show in green. 3. DCR - Calculates the Daily Closing Range for the stock....
New and improved strength heatmap for the top 100 volume leaders in the S&P. Coded in a workaround to the 40 request.security limitation that currently exists in Pine. Added the ability to input the number of columns (time frames) you wish to display. For 3 time frame analysis, add the indicator to your chart 3 times. Change the number of columns to 3 for each...
The Relative Strength Volume Adjusted Exponential Moving Average was created by Vitali Apirine (Stocks and Commodities Feb 2022 pgs 14-18) and this is very similar of course to the last Relative Strength Exponential Moving Average . It works under the same concept with using overbought and oversold methods to adjust the moving average and with this particular...
This script measures the strength of the 6 major currencies USD, EUR, GBP, CAD, AUD and JPY. Simply, it averages the RSI values of a currency vs the 5 other currencies in the basket, and displays each average RSI value in a table with color coding to quickly identify the strongest and weakest currencies over the past 14 bars (or user defined length). The Dir....
Rate Of Change Percentile calculates the current ROC (user defined length) as a percentile rank. We use 2 separate arrays, one for all positive ROC values and one for all negative values within a defined lookback period. Then the current ROC value is compared to those arrays to find it's percentile ranking. For example, a ranking of 75 means the ROC is in the...
Drawing Currency Strength (consists of: USD, EUR, JPY, GBP, AUD, CHF, CAD, NZD) historical plots in parallel with currency strength heat map and dynamic legend, which makes this script unique as Dashboard. Calculation criteria is based on user's input: Session, by which you can recalculate based on D, W, M.
Detail about this indicator 1. This indicator is used to identify the trend based on the momentum of the counter selected. 2. This indicator is calculated three different metrics for selected script and it's Parent/Main Index as NSE:NIFTY (default) and Sector Index. Keep in mind below point a) Parent/Main index is set to default NSE:NIFTY, though there is...
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price...