Directional Slope Strength IndexThe most basic of trend indicators is the price change over some period of time. Rate of change is the most common indicator to use which calculates the current price minus the price n bars back. I've written this indicator to solve several problems the default value of ROC.
1. We're interested in the magnitude or strength of the slope of change.
2. We need a number that we can make decisions from between 0 and something close to a peak of 10.
3. We need the ability to define a threshold where a directional change might be taking place.
The Directional Slope Strength Index solves these problems by taking 1000 samples of your given Rate of Change input and calculating a standard score (or z-score) which represents the number of standard deviations by which the current rate of change is above or below the historical average. A higher number represents a stronger move up and a lower (negative) number represents a stronger move down. A value closer to 0 would represent a sideways trend or the slowing of a current trend.
A potential threshold could be 2 or -2 which is two standard deviations from the mean ROC.
The inputs can be modified to control the sensitivity.
1. A lower ROC length would provide a more sensitive measure, but still measure how that sensitive input changes over 1000 samples.
2. I recommend keeping the sample rate at 1000 as that provides enough historical data to give a more accurate distribution and therefore a more accurate DSSI (z-score).
A number of decisions can be made from the indicator:
1. When the DSSI crosses above 2, it could be a sign of a strong move upward. When below -2 it could be a sign of a strong downward move.
2. When the DSSI persists in a positive or negative channel between 0 and 2 or 0 and -2 this could indicate the formation of the next trend.
3. Values outside 2 and -2 standard deviations should be interpreted as high volatility environments.
4. For convenience, a highest and lowest DSSI have been plotted to provide references to the historical extremes.
I'm open to any questions and feedback as this is a first, original indicator for me.
Directionaltrendindex
Crypto-DX Crypto Directional Index [chhslai]Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.
How this indicator works :
If the Crypto-DX cross above the zero-level, it could be an indication that there is a trend reversal into upward. You should close your short position or place a long order right away.
If the Crypto-DX cross below the zero-level, it could be an indication that there is a trend reversal into downward. You should close your long position or place a short order right away.
If the Crypto-DX is consolidated around the zero-level, it could be an indication that the trend may be ended and followed by a sideway market. You are suggested not to place any order and wait for the market moves.
Divergence based trading strategy is fully applicable, just like the MACD.
Screener features :
Plot "Crypto Index" and "5 Custom Crypto"
Plot "Crypto Index" and "Top 30 Crypto"
Natural Directional Combo [CC]The Natural Directional Combo was created by Jim Sloman as part of his Ocean theory series and I believe this is his final unique formula that I'm publishing to make them all open source. If you know of any others then please send me a message. He passed away at a young age and I want to make sure his legacy lives on. Big thanks to @altcoinz and @tmac87 for giving me his full source code and materials in order to publish everything. So like my Natural Market Combo script, this essentially take his Natural Stochastic Indicator and his Natural Directional Index to create his own average of both indicators. Like the market combo indicator, I created a fix to address the errors in his original script and included both strong and normal buy and sell signals. Strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
DMI + ADX + OBVThis trend following indicator is made up of 3 parts.
A normalized (OBV) On Balance Volume (the gray line) which ranges between -100 and 100 and has a 55 period SMA overlayed (the orange line) to give an indication of the overall trend as far as volume goes.
- If the volume decreases without a drop in price, it might indicate a move down.
- If volume increases without a rise rise in the price, it might indicate a move up.
The (DMI) Directional Movement Indicator which shows the strength of the bulls versus the bears.
- The red line measures how strongly price moves downwards.
- The green line measures how strongly price moves upwards.
One way to trade this is on crossovers e.g.when the green line crosses the red; although it's best to combine this with another indicator or pattern for confirmation.
Another useful feature of the DMI is the ability to see strength of buyers and sellers pressure at the same time, acting as a confirmation before entering a trade.
The third way to use the DMI is when price makes a new high but the green line does not. (Or the price makes a new low and the red line doesn't) This is known as divergence and should act as a warning to tighten your stops or take profits because it signals a possible change of direction.
The last part of the indicator is the (ADX) Average Directional Index
This is the blue line and shows the strength of the trend regardless of direction. This can act as a confirmation for the DMI or other indicators in your trading system.
When the blue line is:
- above the green shaded area there is an extreme trend.
- in the green shaded area there is a very strong trend.
- in the yellow shaded area there is a strong trend.
- below the yellow shaded area there is no trend.
Swing Trade Pros - Directional Movement IndexThe STP Directional Movement Index indicator identifies the direction of the asset price by comparing the prior highs and lows of the previous price range. When the fast moving average (white line) crosses above the middle band (orange line) this signals upwards pressure on the price. Likewise, when the fast moving average (white line) crosses below the middle band (orange line) this signals downwards pressure on the price. This indicator will help traders assess the trend direction.
Combo Strategy 123 Reversal & Directional Trend Index (DTI) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This technique was described by William Blau in his book "Momentum,
Direction and Divergence" (1995). 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 relationship between
price and momentum in step-by-step examples. From this grounding, he then looks
at the deficiencies in other oscillators and introduces some innovative techniques,
including a fresh twist on Stochastics. On directional issues, he analyzes the
intricacies of ADX and offers a unique approach to help define trending and
non-trending periods.
Directional Trend Index is an indicator similar to DM+ developed by Welles Wilder.
The DM+ (a part of Directional Movement System which includes both DM+ and
DM- indicators) indicator helps determine if a security is "trending." William
Blau added to it a zeroline, relative to which the indicator is deemed positive or
negative. A stable uptrend is a period when the DTI value is positive and rising, a
downtrend when it is negative and falling.
WARNING:
- For purpose educate only
- This script to change bars colors.
Relative Candle Volatility & Directionality IndexThis is an enhanced (closed-source) implementation of the Relative Candle Volatility Index (RCVI), with a Relative Candles Directionality Index (RCDI) added.
When the RCVI switch significantly positive, it indicates a sudden increase in volatility ; whereas, when the RCVI switch significantly negative, it indicates a sudden decrease in volatility -- in relative to the (just prior) market trend.
A positive (green) RCDI indicates a net positive price trend, while a negative (red) RCDI indicates a net negative price trend.
Buy/Sell strategy circle-markers, derived base on the interaction between the RCVI and the RCDI , are also introduced in this edition.
The parameters should be manually "history-matched", for a particular chart and time-frame, for the best result.
RCVI QUICK GUIDE:
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
and more to come.
Constructive feedback and suggestions are welcome.
~ JuniAiko
(=^~^=)v~
