A simple script to display how correlated the current ticker is to Bitcoin.
Inputs are the number of bars to check correlation for (default 10) and the the ticker to use for BTC comparison (default is BITFINEX:BTCUSD)
Values of 1 are highly correlated (i.e. bitcoin moves up, so does your current ticker), values of -1 are inversely correlated (i.e. bitcoin moves...
So its me again. I have decided to create Trend Trigger Script for PT Magic addon for a trading bot Profit Trailer. If you do not own this bot and Addon the following explanation will not help you.
For each Trend you define number of minutes and it then calculates the percentage change between the close price now and X candles before.
Same calculation is for all...
This is an experimental study designed to visualize price activity using John Ehlers Fisher Transform and Inverse Fisher Transform methods.
The Ehlers Fisher Transform is a variation of R. A. Fisher's Z transformation.
In this study, there are five oscillator types to choose from:
-Fisher Transform Indicator - A conversion of price's probability distribution to...
Candles colors based on ADX and DI strength.
How to read:
ADX is less then 20 (adjustable value) is SILVER (no trend)
ADX >0 and DI delta (DI plus - DI minus) is >0 color LIME (trend up)
ADX>0 and DI delta <0 color RED (trend down)
ADX cross ADX Index ( adx+adx 14 period back)/2 color is BLACK and means start/end trend
The SHO is a bounded oscillator for the simple harmonic index that calculates the period of the market’s cycle.
The oscillator is used for short and intermediate terms and moves within a range of -100 to 100 percent.
The SHO has overbought and oversold levels at +40 and -40, respectively.
At extreme periods, the oscillator may reach the levels of +60 and -60....
The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval.
The leading oscillator indicates a rise in buying period when it moves above the zero line and a rise in selling period when it moves below the zero line.
Trading Tactics
Center line Crossover: a bullish center line crossover occurs when...
The M-Oscillator is a bounded oscillator that moves between (-14) and (+14), it gives early buy/sell signals, spots divergences, displays overbought/oversold levels, and provides re-entry points, and it also work as a trend identifier.
Interpretation
• M-Oscillator is plotted along the bottom of the price chart; it fluctuates between positive and negative 14.
•...
2 RSI , one is 14 period and the second 5 period (adjustable). The Momentum is the difference of the 2 rsi. It s moves around the zero line, and when there is a peak out , inversion should come soon. You can adjuste the lower and upper bands.
![BTCUSD: Fisher Multi-Pack [DW]](https://s3.tradingview.com/h/hXp5irRI_mid.png "Fisher Multi-Pack [DW]")
![XBTUSD.P: NG [Simple Harmonic Oscillator]](https://s3.tradingview.com/c/C9abmPT9_mid.png "NG [Simple Harmonic Oscillator]")
![XBTUSD.P: NG [Wave Period Oscillator]](https://s3.tradingview.com/v/vTZ03P7k_mid.png "NG [Wave Period Oscillator]")
