RVM Relative Volume Momentum is an indicator that shows relative volume as a percentage of volume over the last 5 bars to the average volume of the same 5 bars of the previous 3 days.
RVI Relative Volume Intraday is a simple label next to the last bar that shows the relative volume as a percentage of the ratio of today's volume to the average volume for the same intraday time period of the last five days. Useful for break-out intraday strategies.
This script plots the ratio between a ticker and the selected index. Currently, I have US equities indexes listed + BTC. It's a great way to check for relative strength, determine if absolute highs relative to the ratio are being made, etc. Additionally, optional comparison of the RSI is included. I was just testing something out but figured I'd leave in here...
CCFp displays the strength of a currency pair. It is based on the CCFp of MT4. It is available for USD, EUR, GBP, CHF, JPY, AUD, CAD, NZD.
Summary ========= The Bar Strength Inspector / Bar Strength Index (BSI) is an indicator that evaluates each price bar against a user-selectable set of "strength categories" - BSI then calculates a combined score from these categories and provides an index - plotted as a centered oscillator - roughly similar to the way Relative Strength Index (RSI) works, which...
This is a mod of a script by informanerd that has helped me immensely with my trading setup. HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it! This version is functionally essentially the same - the difference is in visualization choices and automation. Instead of...
This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in...
Check out my automatic support and resistance indicator that uses the EMA of price change * relative volume as the bases of pivot search. It also tells the strength of the support and resistance lines calculated using a 4 times quicker EMA and using its distance from the slower one. The strongest plotted line has the maximum opacity and the weakest has the...
This RSI script includes everything you could want on an RSI. There are multiple timeframes which will give context to market movement, as well as a highlight feature to make it easier to visualize overbought and oversold stocks. Tip: Uncheck the 4 plots with no color in them to remove the extra headers on the indicator.
A RSI implementation tailored for a specific use case. Instead of using RSI with oversold and overbought values, I use it as a median value. If the RSI is above 50, the trend is bullish. If the RSI is below 50, the trend is bearish. This indicator is customized to help you easily identify market strength/weakness based on which side of the median value the RSI is.
I created this script to compare cryptocurrencies that tend to be correlated, but it could also be used for forex or any other market. It is a fairly simple concept and compares price of each symbol to the specified period ema. This is helpful for tracking highly correlated symbols and visualizing moments when they are out of sync, perhaps signaling good times...
Summary ========== This script plots a "momentum based" stepping Moving Average of various types - the idea is to visualize price moves in levels (or steps) to reduce "chart noise" - avoid getting caught in sideway moves - and enable better trade entry and exit decision. How does the MoStep_MA Work: ============================= - we first choose a "base MA" of...
Combines EMA + RSI indicator Dieses Script ist eine einfache Kombination aus RSI und EMA. Es erlaubt euch zu erkennen in welche Richtung der Trend in dem aktuellen TimeFrame geht und wie stark dieser aktuell ist. Außerdem zeigt es euch ob gerade eher die Bullen oder die Bären den Markt dominieren. Mit Hilfe des Indikators lassen sich Top und Bottom des...
How to use Alpha(α)? If Alpha is positive the stock outperforms, if the value is negative means the stock underperforms. α < 0: The investment has earned too little for its risk (or, was too risky for the return) α = 0: The investment has earned a return adequate for the risk taken α > 0: The investment has a return in excess of the reward for the assumed risk ...
This was the result of quite some time spent examining how much information could be gleamed by studying the interactions between Keltner Channels, STARC Bands and Bollinger Bands. I was surprised by the results. First of all, there are four fills that are black. Set the transparency of those to 0 and you'll see this indicator the way that it's meant to be seen....
Compare the strength of the assets: ALTPERP MIDPERP SHITPERP ETH BTC on the FTX echange. If the timeframe is < 1hr the indicator resets every funding round (8 hrs) If the timeframe is > 1hr the indicator resets every week
This indicator consists of two lines. One is a gray line (USD) and the asset indicator is green or red. The basis of this indicator is the true strength indicator (TSI) with parameters 5,15. Both line sets are based on a TSI (5,15). The lookback period is for new highs / new lows. Default value is 200 periods. GREEN/RED LINE The first that is green and red is...