Absolute Strength Index Oscillator [LazyBear]

Apple Inc.NASDAQ

Mô tả

⋅ 13 Th05 2015 20:01

This oscillator is derived from Absolute Strength Index, originally developed by Tudor Marcelin (Art Invest).

I made it an oscillator mainly to make it easy to identify the divergences and price-flows. There is not much documentation available online for Absolute Strength Index afaik, lets hope Mr.Tudor comes across this and provides us a detailed writeup :)

Quick testing showed lots of good signals (with minimal lag). Let me know what you guys find in your testing.

Indicator options support coloring bars based on the oscillator/signal values, and a histogram-only mode.

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

Bình luận

twiggins88

⋅ 27 Th02 2019 13:07

Hey LazyBear, I noticed that this indicator repaints data. Is it possible for you to make this one so that it doesn’t?

Blue_Collar

⋅ 28 Th10 2021 00:41

@twiggins88, I discovered this indicator only 2 weeks ago and been testing it. I have not noted any repainting.

Millennial_Trading

⋅ 28 Th01 2019 12:07

LazyBear, only just come accross this & liking it very much. You created this almost 4 years ago, any amendments before I start testing it? Great work

Jayosilia

⋅ 15 Th02 2020 18:42

Hey LazyB can you recommend different parameters for the oscillator to use it in 15 minutes timeframe for index stocks? Best

LazyBear

⋅ 13 Th05 2015 21:29

Here's Absolute Strength Index (not Oscillator):
pastebin.com/YZVswCKJ

stephandias76

⋅ 22 Th07 2021 20:34

@LazyBear, how do I put it on my chart. I always have a hard time

AB-Trading

⋅ 14 Th05 2015 23:53

Is it possible to trigger alerts based on "overbought" and "oversold" ? I have changed the parameters to -/+37,5 (comparable to RSI - 25/75). I would like to trigger to alerts on short term timeframes, especially on Stock Indices. Is it possible with the code as it is or shall the code be altered ?. Thx a lot for the awesome tips. AB

ChartArt

⋅ 14 Th05 2015 00:38

I like it. It's one of these rare cases where a formula which looks complicated actually produces something of value. Most times the opposite is true in my experience :)

LazyBear

⋅ 14 Th05 2015 01:03

Agree. I liked the initial testing results too.

Thriver

⋅ 21 Th02 2019 22:10

Love the indicator! Is there a way to get an alert when there is a zeroline cross?

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