This gives to you buy-sell signal with MACD's histogram trends.
Use "Fast and Slow length" and "Trend of Histogram Number" inputs to take less or more signal.
"Trend of Histogram Number" : This means how many histogram bars the trend continues before trading.
Buying and Selling Smoothed with Histogram
Smoothed version with version with a red line representing the selling pressure and a green line which represents the Buying pressure.
If the green line is above the red line it would mean that the Buying pressure is more and vice versa.
The difference between the two is plotted as a Histogram. This is a cumulative...
Created by request.
This study is an implementation of the Standard TRIX indicator (a momentum oscillator), shown in coloured histogram format by default, with optional Bar colouring of TRIX zero cross overs. Other options include showing TRIX as a line graph instead of histogram and an optional TRIX signal line with difference histogram (to...
I wrote this indicator for intraday trading and it cannot be use only by itself you need to at least draw some S/R lines to make it useful. It is based at MACD histogram and gives signal when it sees divergence on MACD/RSI/MACD's Histogram (or all at once - settings) when macd's histogram switchs trend. Im using it to playing with a trend most of the...
This is a simple tool that gives traders a simple visual representation of Volume-Weighted Moving Average ( VWMA ) crossovers that is pretty similar to the MACD . We don't typically trade solely based on the VWMA , but it is definitely one of our go-to tools when combining multiple indicators.
When trading with VWMA's, it is common to enter a position when the...
Bill William Bull/Bear divergent bars
See: Book, Trading Chaos by Bill Williams
Coded by polyclick
A bullish (green) divergent bar, signals a trend switch from bear -> bull
-> The current bar has a lower low than the previous bar, but closes in the upper half of the candle.
-> This means the bulls are pushing from below and are trying to take over,...
I wrote this indicator for intraday trading and it cannot be use only by itself you need to at least draw some S/R lines to make it useful. It is based at MACD histogram and gives signal when it sees divergence on MACD's Histogram when macd's histogram switchs trend. Im using it to playing with a trend most of the time looking. It highlights candles...
This is a requested update of this script. This is a standard CCI indicator that shows a coloured histogram of important CCI levels, giving a good visual of the CCI levels. Added to this version is an extra coloured level +/-200 and an option to calculate CCI with EMA instead of the standard SMA.
Light Green - Greater than 0 and less than 100.
This creates a replica of relative distance from the moving averages, a good way to measure the strength, divergences etc.... short, mid and long term waves.
List of All my Indicators - www.tradingview.com
4 Colored Laguerre PPO
lime = positive rising
green = positive descending
red = positive descending
maroon = positive rising
The Laguerre Filter is a smoothing filter based on Laguerre polynomials.
Welcome to Pine Script Tutorial #4
This is more complex than the previous 3 tutorials. This one builds upon the first 3 tutorials.
What does this code do?: It plots on a histogram (at the bottom), the difference between closest round number and the close. So for example 84 -close = 16 pips. It shows the 16 pips on the histogram.
First off, it is actually Two...
I spiced the standard MACD indicator up a bit to make it more visible.
When using the MACD:
1. Never go short when the MACD lines are in the negative.
2. Never go long when the MACD lines are in the positive.
3. Always wait for an uptick / downtick on the histogram before you start your trade.
The MACD Histogram can also show you Divergence.
When the price goes...