This indicator detects the trend for you and keeps you out of choppy markets. It does not give you a signal, rather it tells you for what kind of signals to look for on the top right of the screen: "Only Longs" or "Only Shorts" If there is no trend or if a trend is overextended (overbought, oversold) it tells you: "No trade allowed" The indicator does this by...
Thanks: Thanks to upslidedown for his VWAP Oscillator that served as the inspiration for this normalised version. Core Aspects: The script calculates the VWAP by considering both volume and price data, offering a comprehensive view of market activity. Uses an adaptive normalization function to balance the data, ensuring that the VWAP reflects current...
Hello!! The "Multi-Timeframe RSI Visualizer" is a versatile tool developed using , designed for analyzing the Relative Strength Index (RSI) and Money Flow Index (MFI) across multiple timeframes. This script is particularly valuable for traders looking to gauge market trends over different trading periods. Key Features and Functionalities 1. Multiple Timeframe...
This script was created because I wanted to be able to display a contextual chart of commonly used indicators for scalping and swing traders, with the ability to control the visual representation on the charts as their cross-overs, cross-unders, or changes of state happen in real time. Additionally, I wanted the ability to control how or when they are displayed....
Hello Traders, This indicator is designed to easily visualize the overbought/oversold states of RSI and MFI across multiple timeframes. The indicator is very straightforward. The deeper the red, the closer it is to 0, and the deeper the green, the closer it is to 100. The intermediate values are rendered in a transparent gray to focus on the key...
Unbound RSI Description The Unbound RSI or de-oscillated RSI indicator is a novel technical analysis indicator that combines the concepts of the Relative Strength Index (RSI) and moving averages, applied directly over the price chart. This indicator is unique in its approach by transforming the oscillatory nature of the RSI into a format that aligns with the price...
Hello! Today I would like to explain about a technical indicator that I have developed. This indicator is a useful tool for analyzing current market trends, based on the RSI (Relative Strength Index) and MFI (Money Flow Index). Users can choose between RSI and MFI, and can adjust the sensitivity to current market conditions by modifying the weightings. This...
Description: Introducing the "Weekly Swing Trading Strategy", a comprehensive approach designed for traders focusing on weekly market swings. This Pine Script strategy combines the power of Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) to identify potential entry and exit points in the market. Key Features: Dual EMA Crossover:...
One RSI In Higher Time Frame (Slow RSI) Another RSI In Current Time Frame (Fast RSI) Bollinger Band on Current RSI
This Pine Script code is designed to create a Stochastic RSI indicator that operates across multiple time frames: High Time Frame (HTF), Intermediate Time Frame (ITF), and Short Time Frame (STF). Let's break down the key components and functionalities of this script: Stochastic RSI Calculation: Parameters: It allows the user to input parameters such as length,...
This is the TSI Market Timer. It is years in the making and it is comprised of four indicators in one. The stock (or source) is run through an indicator called the True Strength Indicator with settings(5,15) , then the TSI is run on both the Index(SPY) by default and what I call a Trigger line which is basically the TSI applied to the DXY (US Dollar Index). ...
Oscilador que permite indentificar la fuerza de la tendencia, así como las divergencias en la acción del precio. La forma de utilizarlo es: seleccionando un par de divisas como EUR/USD en una temporalidad de 15 minutos, podemos incorporar este indicador en una temporalidad superior (1 hora) y ver la fuerza de la tendencia y divergencias. Originalmente...
Introduction to ADO The Advanced Divergence Oscillator (ADO) is a modern tool crafted for traders in various markets like stocks, forex, or cryptocurrencies. Imagine it as a smart gadget that helps you understand the ebb and flow of market prices. Unlike standard tools, ADO provides a more nuanced view, enabling you to grasp subtle changes in market...