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...
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...
This personal Indicator was designed for the uncertain market of Bursa Malaysia where traders can only open positions for Buy. The objective is to trade in fast mode, Fast In Fast Out ( FIFO ) especially when during bearish market. It is based on Weighted Moving Average and the formula are as followed : Short WMA = ( wma5 High + wma5 Low ) / 2 Long WMA = ( wma10...
Linearly weighted standard deviations over linearly weighted mean. The rationale of the study can be deduced from my latest publications where I go deeper into explaining the benefits of linear weighting, but in short, I can remind that by using linear weighting we are able to increase the information gain by communicating the sequential nature of time series to...
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,...
This weighting method linearly weights a percentage of values from both the beginning and the end of the rolling window in order to minimize the effect of outliers entering and leaving the window.
Linearly Weighted Ordinary Least Squares Moving Regression aka Weighted Least Squares Moving Average -> WLSMA ^^ called it this way just to for... damn, forgot the word Totally pwns LSMA for some purposes here's why (just look up): - 'realistically' the same smoothness; - less lag; - less overshoot; - more or less same computationally intensive. "Pretty...
Banknifty Weighted volume as per share ratio. HDFC Bank – 27.56% ICICI Bank – 22.91% State Bank of India (SBI) – 12.42% Kotak Mahindra Bank – 11.77% Axis Bank – 11.49% IndusInd Bank – 5.20% AU Small Finance Bank Ltd. – 2.35% Bandhan Bank – 1.73% Federal Bank – 1.53% IDFC First Bank Ltd. – 1.22% Punjab National Bank (PNB)- 1.03% RBL Bank – 0.79% and moving average...
Calculates weighted mean, variance, standard deviation, MSE and RMSE from time series variables or arrays. When calculating from arrays, the function expects index 0 to be the most recent sample and weight values.
a function for relative weighted average using arrays
Moving averages are filters on price data. This moving average creates a filter which factors in: - the price RSI or it's Momentum - the volume RSI - the RVI or Volatility Each factor is put through a least squares filter to smooth them first. Then the factors are used to build a coefficient for an exponentially weighted average. The chart above shows a...
Draws an Equally Weighted Index of 25 securities. The inputs are pre-populated with the Top 25 cryptocurrencies by market cap at the time of publishing the script, but any 25 securities can be used. Double click on this indicator's pane to view in full screen. Note: Candle open is always equal to previous candle's close. I did this to avoid problems where...
VAWMA = VWMA and WMA combined. Simply put, this attempts to determine the average price per share over time, weighted heavier for recent values. Uses triangular algorithm to taper off values in the past (same as WMA does). Why use this? Let's say the earliest bar of the VWMA has a huge amount of volume. That means that when the next bar arrives, there will be...
This version of Mansfield Relative Strength ( MRS ) weights the MRSs with different lookback periods by adding the weight of 2:1:1:1 to MRS (1Q) : MRS (2Q) : MRS (3Q) : MRS (4Q). Typically, the lookback period of a MRS is reference to a full year, i.e. 260 trading dates or 52 weeks; to better represents the relative strength of a stock to a recent performance,...
Can be extended with more derivative or spot pairs, see the comments in the code for instructions. Most importantly, the pairs need to be added to the respective arrays in the same order, so that the weights are applied to the correct pairs.
Resets at the start of the day's session (9:50 am on the ASX). Takes the first candle and checks if its a green candle (close > open), and adds the volume to a total (which starts at 0 at the start of the day). Subtracts it if the candles in red. Continues to do this along with all the candles. The volume is also multiplied by the difference between open and...
This is the study version of the Weighted Price Oscillator (STRATEGY) indicator. Weighted Price Oscillator is an unique indicator that shows the relationship between two custom variables that trigger signals upon specific conditions. When WPO (short for weighted price oscillator ) crosses over the signal or zero line, it creates a buy signal and conversely below...