In this script, I will convert the MyRSI function from John F. Ehlers mentions in the May 2018 issue of Stocks and Commodities. I will build on top of the idea and add a noise elimination Technique presented in the December 2020 issue of Stocks and Commodities. My Rsi Is an RSI alike version of the well-known RSI indicator where the output is range-bound...
This indicator measures the risk of buying/selling BTC at a certain price. It calculates the percentage difference between the 20 weekly SMA and price at the weekly close. This indicator is designed to be used under weekly scale.
Knowing how to write code will hopefully be my saving grace with trading. Regardless, I have things to learn yet and the CCI indicator seems to get a lot of respect from chart-art minimalists. On Investopedia, it says, “The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into...
This is a very simple Bollinger Band strategy with stochastic oscillator added. Main trend is determined by Band breakout while (5,3,3) stochastic crosses is used for additional entries. Alert function is configured as "one alert for any events", so that free users can set up and get alert for every events in the script. The following code segment can be...
Level: 3 Background John F. Ehlers introuced Corona Charts Swing Position Indicator in Nov, 2008. Function John Ehlers's corona indicators, "Corona Charts," provide a "multidimensional" view of market activity. In the article "Corona Charts" in Nov, 2008, John Ehlers further developed his earlier work on market cycles. A new kind of indicator was presented...
I am publising Relative Strength Comparative. It is be used to compare a Stock's Performance against another stock/index (Default NIFTY50) Example: ITC vs NIFTY 50 it will be ITC / NIFTY
Hello This indicator represents the Tradingview screener three rating criteria Moving Averages Summary: Average of the most important moving averages, except the Ichimoku cloud as it's a very old technology which is not reliable. Oscillators Summary: Average of the major Oscillators. Summary rating: which is average of above two indices It has also an...
Level: 2 Background John F. Ehlers introuced his Dominant Cycle Tuned Bandpass Filter Strategy in Mar, 2008. Function In "Measuring Cycle Periods", author John Ehlers presents a very interesting technique of measuring dominant market cycle periods by means of multiple bandpass filtering. By utilizing an approach similar to audio equalizers, the signal (here,...
Hello Traders, Technical Rank (TR) was authored by John Murphy . Technical Rank shows how a security is performing relative to its peers. Multiple moving averages, rate of change and the Relative Strength Index (RSI) indicators are used to calculate the Technical Rank. These values are mathematically manipulated with percentage factors and then summed...
This started as a personal arrays study, but after a few tests I decided to made a framework to get my own scripts simplest, lighter and faster. And now I'm sharing with you guys. Is very simple to use: Copy evething inside "RK's Auto Color Gradient Framework" block; Paste anywhere before the plotting; Declare the color variable name calling the...
This is an overlay indicator showing a strong potential for entry into an option spread trade. 2 background shadings will occur: The background will shade blue if the ticker is prime for a Bullish Call spread. The background will shade purple if the the ticker is prime for a Bearish Put spread. In theory, if the SE Strength is at one of the extremes of the Bear...
This script is a mean reversion script where each of the moving averages represent the price and Chris Moody's Williams Vix Fix ZERO line represents the moving averages. There are 4 moving average types included: EMA , SMA , WMA , HMA . You can set up to your liking by having all of the averages as any or all of the 4 options. This script is a great way to spot...
Modification of DMI Stochastic Indicator created by @usgears - Added Crossing Up/Down Text Signal - Added Crossing Up/Down Arrow Signal - Added Crossing Up/Down Darts Signal - Added Midline level - Custom settings for oversold, midline and overbought levels to select a solid, dotted, or dashed line style. - Added Background Color
Study RSI 4 (RSI 25) from connors strategy. It will fill the candle color with green on buy signals and red on end positions base on RSI4 study.
The script combines 2 indicators (MACD and Stoch-RSI) and puts them visually directly on the candles - can be used with normal OHLC candles or Heiken Ashi candles. Furthermore, you can derive divergences exremely easy directly visually from the candles as well. Lastly, a SMA 20 high and a SMA 20 low line build a trend channel. Script is best used in trending...
Level: 2 Background John F. Ehlers introuced his Stochastic RSI in August, 2006. Function John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic...