The Mobility Oscillator was created by Mel Widner (Stocks and Commodities Feb 1996) and this is another of my ongoing series of undiscovered gems. I would say this is probably the most complicated script I have written for an indicator. It is extremely complicated to calculate comparing to other indicators but this is essentially an overbought and oversold...
When the security closes above the specified moving average a chart line will be plotted. When it closes below the moving average, no chart line is plotted. A very simplistic way to see the trends a security has when respecting a specific moving average.
Hello my nocturnal minions.... This is your dark knight in the crypto light.... your alpha and omega, your crypto king reigning wisdom down from my gilded throne of code! Enjoy the spooky Fibonacci Ghost Cloud. Shadows of previous Fibonacci look-back levels provide possible entries, stop losses, and take profit levels for intrepid crypto travelers....
Script plots divergence of SPX sectors and world markets based on 3 months return of various ETF's. Excessive divergence in returns typically preceeds strong market downturns 1-2 weeks ahead of time.
This script measures the rebound of the implied volatility of the S&P 500 index options from an excessive panic zone. The IV starts a reversion to the mean as soon as profit taking from the hedge begins. The assumption behind it: this rebound indicates at least the beginning of a countermovement, in uptrends the end of the correction and the trend continuation.
This script uses subtle sentiment analysis to try to reduce the risk of positioning in assets. By "assets" I mean: the QQQ ETF as a synonym for positioning in Nasdaq-100 stocks and the TLT ETF as a placeholder for US government bonds with very long maturity and that as a risk-averse alternative. The coloring of the pseudo capital curve means: * green = 100% QQQ *...
New and improved strength heatmap for the top 100 volume leaders in the S&P. Coded in a workaround to the 40 request.security limitation that currently exists in Pine. Added the ability to input the number of columns (time frames) you wish to display. For 3 time frame analysis, add the indicator to your chart 3 times. Change the number of columns to 3 for each...
Colored, Filled and Hollow candles similar to Stock charts candles. Hollow Black - close > prior close and close > open Filled Black - close > prior close and close < open Hollow Red - close < prior close and close > open Filled Red - close < prior close and close < open
The Median Average Adaptive Filter was created by John Ehlers and this is another in my current series of undiscovered gems. I'm sure you are all saying but Franklin, Ehlers doesn't have any undiscovered gems but in this case you would be wrong. This was actually an indicator so buried on the internet that I had to use the wayback machine to find the original...
Experimental: Compares the similarity of two instruments price patterns.
Level: 3 Background Many people need to judge the market trend against the main candlestick chart when using MACD. Function First of all, the principle of MACD is the difference between EMA's long-term and short-term values. So, I wonder if it is possible to use EMA to construct a set of candle charts that are similar in proportion to MACD values for...
Developmment of Double_Based_EMA. The version 2 brings a set of emas, with 8, 34, 144 ,610 periods. The price source is the closes inside the upper or lower range of the Donchian Chanell with the same period. The reading is the same as My Script 44. The price will try to reach the next level of EMA. if $ >8 will try 34. if $ >8 and 8>34 will try 144. if $ >8 and...
USE: - For visually tracking your trades in a floating pane (label). - Most of the features are described in the image. MAIN FEATURES: - Better long-position and short-position tool wannabe. - Visual data for tracking your trade position. - Automatic setting of some common values in trades risk management. - Switching from long-position to short-position can be...
This indicator is an improved version of MACD+RSI (refer to my script list). Basically, this indicator is a combination of several indicators: 1. Fast MACD (preset at 8, 16, 11 - it is my own preference settings and the red and blue line in this indicator are referring to the Fast MACD settings) 2. Slow MACD (preset at 12, 26, 9 - standard settings and the Slow...
Description This indicator creates vertical background bands of larger timeframes when viewing lower timeframes so the trader can keep track of the larger timeframes when they are zoomed in on lower timeframes. This script displays hourly and weekly backgrounds. When the timeframe is thirty minutes or lower, hourly backgrounds are displayed. When the timeframe is...
It is finally here! 🔥 My 3rd and most important script in my Financial series! 🚀 Ever imagined to see all fundamentals (or many that is) combined into one indicator that is right on your chart, showing you how your favorite stock is trading compared to its fundamentals? Well, here is your answer! ...
The script provides a way to compute ratio between two indexes (or stocks) of your choice, and paints a "up-arrow" below the first candle where and when the value of the ratio exceeds your threshold of choice. It also creates a table summarizing the value of your securities, and the value of the ratio below. The script will also alert you with a message...