The base of the indicator is the breakout of historic High and lows. There are 3 basic configurations 1° The High length that measure the latest 10 bars and make the "higher high" 2° The Low length taht measure the latest 10 bars and make the "lower low" 3° The Breakout PIPs administrator that defines how much pips are needed from the latest higher high to be...
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 Dow = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...
Great oscillator which determines trend and momentum. So accurate it could be used as a stand alone indicator.
As described here: update: added divergence detection.
RSI, EMA of RSI, EMA of RSI's EMA, and Stochastic. V2 added Price Bar Coloring. Buy when Orange or Green, Sell when Yellow or Red.
EXPERIMENTAL: Momentum oscilator based on offset, can also be used for divergence/convergence
study(title="S.a.r. Momentum Differene", shorttitle="SMD") len = input(10, minval=1, title="Length") src = input(close, title="Source") start = input(0.05) increment = input(0.05) maximum = input(0.1) mom = src - src out = sar(start, increment, maximum) smd = out - mom plot(smd, color=red, title="SMD")
update to old script: using candles to plot multiple moving averages increases readability.
The Breadth Thrust (BT) indicator is a market momentum indicator developed by Dr. Martin Zweig. According to Dr. Zweig a Breadth Thrust occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40 percent to above 61.5 percent. A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength,...
Buy Sell Indicator based in TEMA x DEMA used ADX and Squeeze Momentum and etc...
RSX is a "noise free" version of RSI, with no added lag. This is a port of a clone to Pine. Use this indicator just like RSI. I have set the default length to 14, feel free to experiment. You can reduce length with out worrying about jaggedness. Options page has all the configurable parameters. You can use the plot names to setup alerts. I have couple of...
Momentum of Relative Strength to index as used by Leaf_West. This is to be used with the companion Relative Strength to Index indicator Leaf_West Style. Make sure you use the same index for comparison. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I...
RSI Momentum By Ricardo Santos and JR This system is a clash of two indicators, Momentum and RSI. Strength of signals are viewed by both height and color. Dark Green or Light Red bars signal strong momentum. Light Red bar signals and Green bar signals reach an apex at the top of the indicator pane.