Double RSI uses a Slow RSI combined with a Fast RSI to generate Buy and Sell signals. Least Squares Moving Average is only here for filtering signals. It is very good on certain stocks or ETFs on longer timeframes for swing trading. If you get a Buy signal look at the LSMA trend and if the candle is above the LSMA. It works great for me on lower timeframes...
As the profit level increases, the amount of profit taking required to avoid risk asymptotically reaches zero. This indicator displays the % of the established position required to exit in order to ensure the trade is not a loss if the stop is hit. Values in green (at or below 100%) indicate a winning position. Values in red (above 100%) indicate a losing...
This script enables calling and/or plotting of traditional Candles sources while loaded on Heikin Ashi charts. Thanks to @PineCoders for rounding method: www.pinecoders.com Thanks to @BeeHolder for method to regex normalize syminfo.tickerid. NOTICE: While this script is meant to be utilized on Heikin Ashi charts it does NOT enable ability to backtest! NOTICE:...
There are many tools for swing traders. Position traders have not as much, perhaps because they live in the fringe zone between fundamental analysis and trend following. In order to bridge this gap between fundamental analysis and technical analysis on large timeframes, we decided to work on building a market indicator that assesses its risk and quantifies it on...
Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low). This method can return successive pivots of the same type, thus missing...
The Commodity Channel Index (CCI) with Divergence and finding Top / Bottom points Select MA with Sma, Ema, Wma, SWma, VWma, Hma or Rma Follow bar color on top or bottom
Like a old faithful calculator the Tail Indicator - 84 will calculate the tail strength of the forces that drag the price against its momentum. ps:.. the pun is totally intended. :)
The Volume-Accelerated Directional Energy Ratio (VADER) makes use of price moves (displacement) and the associated volume (effort) to estimate the positive (buying) and negative (selling) "energy" behind the scenes, enabling traders to "read the market action" in more details and adjust their trading decisions accordingly. How does VADER...
JPMorgan Chase & Co . strategists have identified what they say is a near bulletproof indicator to strengthen their argument that stock markets are poised to rally. The buy signal is triggered when the Cboe Volatility Index ( VIX ) rises by more than 50% of its 1-month (30 day) moving average, which it last did on January 25th 2022, according to the strategists...
This script is only doing one thing, plots the 20 SMA and based on whether the asset's price is above or below of the SMA it changes the color of the SMA and the background's color. Helping it to visualize whether from the 20 SMA's point of view we are in a Bull or a Bear trend. I created this because I myself use this SMA with Bitcoin on the weekly time frame to...
/ // To quote @qullamaggie: " High ADR is Gold, low ADR is shit..." // Hence we display the ADR (Average Daily Range) in percent. // // We also calculate and display Long Stop-Loss suggestions. // 1. Using the ATR times a multiple. // 2. Using a percentage. // // We also calculates the Trend Template as described by Mark Minervini in his book: "Trade like a stock...
I decided to practice and rewrite some interesting scripts from mt4 to pinescript for myself, all credits are in the source code. An interesting indicator, I decided to post it like all other alternatives have closed source code, I hope it will be useful for someone! With this indicator, you can filter small volumes, thereby making less noise so that you notice...
Standard Deviation is a common measure of volatility (the dispersion of data relative to its mean). However, when using it as an indicator, it can be more useful at times to know the deviation relative to the price as a percentage versus the hard value. This normalizes the data so that it is easier to compare the deviation of different assets. By definition,...
This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage...
Simple combination of LWMA and ATR Formula: Normalized LWMA = (LWMA-LWMA )/ATR
Hi every one you can use this indicator in your trades for money and risk management. Very easy to use. Just enter the requested information of your trade and see the amount of money you need to enter into a transaction. Also you can see your pnl%. Risk = The amount of money that if you lose, does not matter to you. This will be a percentage of your total...
The standard deviation channel allows you to visually see the trend in the market using a linear regression calculation. This script has two lower and two upper bounds, with different deviations. Each of these boundaries has an alert when it has been breached.
As a fun exercise, I tried to clone Ben Cowen's Corridor! The formulas for the boundaries are available on his website which are quoted at the top of the script. I couldn't get the boundaries to fit in the same way, but I found a quick and dirty solution in using Euler's number as a multiplier. That got the bands to fit close enough . Be aware that the original...