The Market Phase 2.0 indicator is designed to display the following features: 1) The TREND OSCILLATOR : This trend oscillator indicates the trend of the stock/instrument. It is calculated on the basis of number of positive candles or negative candles formed during a specific period. The oscillator oscillates around the zero horizontal line. The trend is...
This oscillator is made of three components, all derived from the SuperTrend indicator. This approach allows the user to easily determine overbought/sold zones, identify whether a retracement is present or if the price is ranging or trending. It also allows for the anticipation of the potential price cross with the SuperTrend. We provide additional information...
Hello again. Here I have an improved version of the RSI that is similar to my "+ %B" indicator (that, an improved version of the %B). This version of the RSI includes candle coloring for bullish or bearish bias (is the RSI above or below its median line?), as well as candle coloring for overbought and oversold areas. Additionally, there is an option for coloring...
Okay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together. The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP" . The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the...
The basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold...
We've taken the RSI moving oscillator, given it the classic UTG flair & made it more useful. We're always talking about how there are a few key levels on the RSI indicator that give us the indication of whether we are bullish or bearish. - We've added those key levels into the RSI indicator. - Added the 50 level as our key swing into the bearish or bullish...
Japanese below / 日本語説明は下記 Overview Multi-function RSI indicator with functions below. 1.MTF with display timeframe control 2.Auto divergence drawing incl. hidden divergence 3.Signal when RSI crosses over upper band/crosses under lower band 4.Color background when MTF RSI crosses over/under lower band 5.Alert when RSI crosses over upper band/crosses under lower...
It is simply your traditional MFI , except that your 50 line became the actual price. Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences . You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a...
RSI PRECISION By Giorgos Protonotarios, Financial Analyst (March 2021) -------- ■ SHORT DESCRIPTION RSI PRECISION is an oscillator designed to enhance RSI with price volatility and make it much more accurate on longer time frames. The oscillator aims to identify overbought/oversold market levels, and it is ideal for analyzing volatile markets such as the...
Applies Blue or Pink colour overlay to candles when RSI is at or over the predefined parameters. These parameters are adjustable in the settings area of the indicator. Please note RSI does not guaranteed a pivot point in price action and the colour overlay should only be used as an indication or condition not a call to buy or sell alone. The colour overlay is a...
This indicator is same as standard RSI, but it marks overbought/oversold levels.
RSI Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT This experimental study attempts to translate Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones as probable Price Support and Resistance levels █ OPTIONS Support & Resistance Levels , the main aim of the study. Level calculations are based on Relative Strength Index (RSI) ...
This study implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs (EMA or SMA) having different lengths (by default, I use 50 and 200). A take profit (%) and a trailing stop loss (%) are used. Entry conditions: .) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long .) Fast MA < Slow MA and...
This indicator draws a visual RSI signal on to your chart. You can use it to set RSI alerts when the market enters an extreme RSI condition.
If your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you. This is based on the multi band indicator present here: Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger...
It seemed weird to me that the default Chande didn't have overbought and oversold regions, despite them being described for Chande Momentum and working very well. So I added the lines and alert conditions. I've used this to very good results in my day trading. My strategy involved 4 timeframes of candlestick, each with 4 timeframes of Chande overlaid....
Confirmation (Expo) is a trading confirmation tool that can confirm any indicator, trend, setup, signal, or strategy. Once you have chosen the input source (any indicator) you can use the tool to confirm the trend, trend strength, overbought/oversold areas, retracements, and reversals. This tool is built for traders that already have a strategy or preferred...