// @author LazyBear
// @credits www.incrediblecharts.com
// If you use this code in its original/modified form, do drop me a note.
// Two Features Added by User ChrisMoody -
// TMF Line to be uses with Histogram(Easier to Spot Divergences)
// Thresh Hold lines showing extremes - adjustable.
study("Twiggs Money Flow ",...
This is an excellent indicator thanks to the code author LazyBear!
I have modified to a more appealing colors visually representing market condition.
Uptrend/Sell: Uptrend above Orange line, Sell potential area.
Downtrend/Buy: Downtrend under Orange line, Buy potential area.
I have modified by adding previously unrecognized upper and lower...
A take on LazyBear's Wavetrend_Oscillator
The idea is bit modified.
When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.
ChartMill Value Indicator & Modified ChartMill Value Indicator :
Developed by Dirk Vandycke, CVI tracks how far the price spread is from its MA. Since MA keeps increasing even when price consolidates or stalls, it is very difficult for the deviation from a moving average to remain in the overbought or oversold regions for...