Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD. First...
Disparity Index The related article is copyrighted materialfrom Stocks & Commodities Dec 2009
The Relative Momentum Index (RMI) was developed by Roger Altman. Impressed with the Relative Strength Index's sensitivity to the number of look-back periods, yet frustrated with it's inconsistent oscillation between defined overbought and oversold levels, Mr. Altman added a momentum component to the RSI. As mentioned, the RMI is a variation...
This is another way you can plot the Momentum Histograms. This can be manipulated to Wave A, B, C from trade the market. TTM WAVES - if you can manipulate the settings, this will work. 100% List of All my Indicators - www.tradingview.com
The related article is copyrighted material from Stocks & Commodities 2009 Oct
This creates a replica of relative distance from the moving averages, a good way to measure the strength, divergences etc.... short, mid and long term waves. List of All my Indicators - www.tradingview.com
This a modified MAC-Z using Z-VWAP. Since this uses VWAP, the signals are derived indirectly from both volume and price action. I have also included a way to smooth MACZ-VWAP, you can enable it via options page. Note that this will not work on any FX pair, as volume is not available. Referenced indicators: Z-distance from VWAP: MAC-Z Indicator: Z-Score:...
Chande's Momentum Oscilator, with added MA's for momentum strenght.
Beta divergence indicator, you can exchange the Price Percentage Oscillator (PPO) for any oscillator. You can play around with the look-back period if you want to use long term divergences. WARNING: Because its impossible to make the look-back period of the lowest/highest functions dynamic, the indicator can plot divergences sometimes at places where there are...
Added 0 Line, + - 200 lines Added a line that hi-lights the outside of the CCI Updated 8/12/2014 by request for christian.david.75457 Added Ability To Plot 2nd CCI - !!! Added ability to turn On/Off the +-200 lines. Added Ability to Turn On/Off Show Area of CCI Added Ability To Turn On/Off Show The Outer CCI Line
A sneaky way to notice the real overbought and oversold levels with BB%B.
The Intraday Momentum Index (IMI), developed by Tushar Chande, is a cross-breed between RSI and candlestick analysis. IMI determines the candle type that dominated the recent price action, using that to pinpoint the extremes in intraday momentum. As the market tries to bottom after a sell off, there are gradually more candles with green bodies, even though...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bear Power measures the ability of sellers to...
Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bear Power measures the...
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the...
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the...
Updated version of the Trix to include crossover on the background. Length: Length of the Trix Use Ema: True will use an ema, false will use an SMA. Moving Average: Moving Average used on the TRIX Value. Histogram Multiplier: Exaggerate the difference between the TRIX and Moving Average.