Based on increasing and decreasing strength, this indicator will give a good indication of when a short or long opportunity is available.
Hi all, here is an updated version of the indicator script I published yesterday. The goal of this indicator is to try and find darkpool activity. The indicator itself is not enough to fully identify darkpool but it should be able to detect quiet accumulation. What makes this Balance of Power different from others on TV is that it is smoothed by using a moving...
Smoothed BOP to try and find dark pool activity. Only works in charts with working volume! Credits go to LazyBear for some coding on the plotting and Igor Livshin for the formula.
I updated RicardoSantos' MA RSI V0. I added two more moving averages and changed the background color&style.
color coded RSI that looks at larger time frame RSIs for confirmation (2 times and 4 times the selected RSI length).
Same concept as Bollinger Bands Width % applied to Hull Bands.
EXPERIMENTAL: Bull and Bear power based on linear regression (this is a non lagging oscillator, the parameter are for the lookup window for the donchian extremes) this indicator can also be used for convergence/divergence.
Price Overlay for Multiple Method Choice Divergence Detection:
Plots the %D line of a Stochastic Oscillator calculated from the RSI of close of length 14. Red Sell Zone above 80, candles paint red Green Buy Zone below 20, candles paint green
ADX Smoothing Trend Color Change on Moving Average and ADX Cross. Use on Hourly Charts - Green UpTrend - Red DownTrend - Black Choppy No Trend
Thank You Richard Santos!!! This is a great indicator guys.Its good for measuring divergence in an objective way. The idea is to measure the high to high and the low to low (stock vs. indicator) with the low to high and high to low (stock vs. indicator). This is the basis of divergence. I love this one. I would also add you can draw angles on the indicator...
RSI, EMA of RSI, EMA of RSI's EMA, and Stochastic. V2 added Price Bar Coloring. Buy when Orange or Green, Sell when Yellow or Red.
This indicator displays the distance in percentage between the highest and lowest points in a given period of time, compares them and determines which side has more dominance.
This study spots the points that are most profitable in the trend with a code color and shape. This also shows trend divergences and possible reversal or reentry points Keeping the parameters simple, this study only needs one parameter, the length of the base moving average, which by default is set to 34. There are seven colors used for the study Green :...