The Relative Momentum Index (RMI) was developed by Roger Altman. Impressed
with the Relative Strength Index's sensitivity to the number of look-back
periods, yet frustrated with it's inconsistent oscillation between defined
overbought and oversold levels, Mr. Altman added a momentum component to the RSI.
As mentioned, the RMI is a variation of the RSI...
The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning...
The theory behind the indexes is as follows: On days of increasing volume,
you can expect prices to increase, and on days of decreasing volume, you can
expect prices to decrease. This goes with the idea of the market being in-gear
and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running
cumulative of values, which means you either...
This back testing strategy generates a long trade at the Open of the following
bar when the %K line crosses up UpBand line.
It generates a short trade at the Open of the following bar when the %K line
crosses down DownBand line.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
The Pivot Detector Oscillator, by Giorgos E. Siligardos
The related article is copyrighted material from Stocks & Commodities 2009 Sep
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
The Polarized Fractal Efficiency (PFE) indicator measures the efficiency
of price movements by drawing on concepts from fractal geometry and chaos
theory. The more linear and efficient the price movement, the shorter the
distance the prices must travel between two points and thus the more efficient
the price movement.
You can change long to short in the...
The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume.
PVO measures the difference between two volume-based moving averages as a
percentage of the larger moving average. As with MACD and the Percentage Price
Oscillator (PPO), it is shown with a signal line, a histogram and a centerline.
PVO is positive when the shorter volume EMA is...
Simple Overbought/Oversold indicator
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
This indicator really is the KST indicator presented by Martin Pring.
the KST indicator is a weighted summed rate of change oscillator that
is designed to identify meaningful turns. Various smoothed rate of change
indicators can be combined to form different measurements of cycles.
You can change long to short in the Input Settings
WARNING:
- For...
Indicator plots Money Flow Indicator (Chaikin). This indicator looks
to improve on Larry William's Accumulation Distribution formula that
compared the closing price with the opening price. In the early 1970's,
opening prices for stocks stopped being transmitted by the exchanges.
This made it difficult to calculate Williams' formula. The...
The Mass Index was designed to identify trend reversals by measuring
the narrowing and widening of the range between the high and low prices.
As this range widens, the Mass Index increases; as the range narrows
the Mass Index decreases.
The Mass Index was developed by Donald Dorsey.
You can change long to short in the Input Settings
WARNING:
- For...
MACD – Moving Average Convergence Divergence. The MACD is calculated
by subtracting a 26-day moving average of a security's price from a
12-day moving average of its price. The result is an indicator that
oscillates above and below zero. When the MACD is above zero, it means
the 12-day moving average is higher than the 26-day moving average.
This is...
This is RSI indicator which is more sesitive to price changes.
It is based upon a modern math tool - Laguerre transform filter.
With help of Laguerre filter one becomes able to create superior
indicators using very short data lengths as well. The use of shorter
data lengths means you can make the indicators more responsive to
changes in the price.
You...
The Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning
from prior research on volume by such well-known technicians as Joseph Granville,
Larry Williams, and Marc Chaikin, Mr. Klinger set out to develop a volume-based
indicator to help in both short- and long-term analysis.
The KO was developed with two seemingly opposite goals in mind:...
Everyone wants a short-term, fast trading trend that works without large
losses. That combination does not exist. But it is possible to have fast
trading trends in which one must get in or out of the market quickly, but
these have the distinct disadvantage of being whipsawed by market noise
when the market is volatile in a sideways trending market. During...
The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn?t come into the equation for the FVE
(price is not multiplied by volume), but is only used to determine whether
money is flowing in or out of the stock. This is contrary to the current trend
in the design of modern money flow indicators. The author...
This version has an important enhancement to the previous one that`s
especially useful with intraday minute charts.
Due to the volatility had not been taken into account to avoid the extra
complication in the formula, the previous formula has some drawbacks:
The main drawback is that the constant cutoff coefficient will overestimate
price changes in...
If Volume is less then the previous 20 intervals, Volume is gray.
If Volume is greater then the previous 40 intervals, Volume is black.
If Volume is less then the previous 2 intervals, Volume is purple.
If Volume is less then the previous, Volume is red.
If Volume is greater then the previous, Volume is blue.
Other - white.
You can add on the indicator a...
