" Volume Precedes Price is the conceptual idea for the oscillator."
"The main idea of the VZO was to try to change the OBV to look like an oscillator rather than an indicator, also to include time; primarily to identify which zone the volume is located in during a specific period "
How to read this indicator:
Positive reading -> bullish
A lightweight version of the popular "Moving Average Ribbon" or "Guppy" indicators where the visuals are plotted as "waves" rather than moving average lines. As is customary for my indicators, nearly everything about it is user selectable.
User Customizable Colors
RSI-Based Rainbow Color Scheme
Simple Offset for adjusting transparency
This Study try to simulate Weakening and Strengthening trends on Bear(down) or Bull(up) movements.
It looks to VWMA - TEMA trend for Bull / Bear trend and looking for SMA - VWMA trend for Weak / Strong trends.
On default settings Line shows the difference between VWMA - TEMA and Columns show difference between SMA - VWMA. Suggesting to use this script for 5m...
This script is for a triple moving average indicator where the user can select from different types of moving averages and periods. This script improves upon tutorial 3 by adding source selection for MAs and another option for an MA that is not built-in, the HMA. It is meant as an educational script with well formatted styling, and references for specific functions.
Core Code from: www.tradingview.com
This indicator Show Correlation between the Current Ticker & timeframe and a Customizable Ticker. After adding the indicator you can change the second ticker in the settings.
The Correlation Coeff is between -1 to 1 which 1 means 100% correlation and -1 means -100% correlation ( Inverse...
This script uses 3 moving averages (2 simple moving averages and 1 exponential moving average ) to signal long and short opportunities based on moving average crossovers.
A long SMA (Signal SMA2) is used to determine longer term trend. When the EMA crosses above the Slow SMA1 and price is above the Signal SMA2. The space between the moving averages will shade...
In this strategy, 15 indicators are used, each giving its results as a numerical value, which then is added or subtracted from the total points, gathered from all 15 indicators.
Many thanks to RafaelZioni for his great work making the EasySys1 script which i modified to create this script.
Onchart is drawn some of the indicators, but not all, a info panel is...
Multi SMA EMA WMA HMA BB (5+5 Moving Averages of Any Type with Bollinger Bands) by RagingRocketBull 2018
This indicator shows multiple MAs of any type (SMA EMA WMA HMA etc) with BB on a chart at the same time with/without MTF support depending on the version.
There are several versions (published later): Simple, MTF, Pro MTF and Ultimate MTF. This...
The 420 VWMA (Volume Weighted Moving Average) per period selected of the low price (Fib 0) and the high price (Fib 1). They are labeled in Color of the line they represent.
The other Fib lines are calculated using common fib ratios as follows:
longRange_fib2618 = highestHighperLongRange +
(highestHighperLongRange - lowestLowperLongRange) *...
All credits to @Violent (www.tradingview.com) for making the original code! I just updated it by adding new features and themes!
Lemon's Customizable MA Ribbon:
A series of moving averages of different lengths that create a ribbon-like indicator. Traders can determine...
This is a variation of Gerald Appel's MACD with seven moving average source types to choose from.
The MA types I've included in this script are:
- Kaufman's Adaptive Moving Average
- Geometric Moving Average
- Hull Moving Average
- Volume Weighted Moving Average
- Least Squares Moving Average
- Arnaud Legoux Moving Average
In trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful.
This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management...
This is my interpretation of Steven Primo's pull back strategy indicator # 9. Seems to work on any time frame or combination high and low. I prefer to use it with the regular fractals and a 20 or 50 SMA and 5 period RSI. I would prefer to have it only paint up arrows when bars close above the SMA and vise versa with down arrows. If someone can help me correct that...