For private peeps only - Takes a modified version of the CCI formula into 2 parts VCI - Volume Channel Index (Yellow Histogram) - Measures accurate accumulation and distribution levels and times MCI - Modified Channel Index - Measures (when compared to VCI) levels where clearly buys are interested vs not interested. Example: If VCI > MCI - Shows buyer's are...
Developed for one of my followers. The basic idea is that the buy signal is generated by stoch and bb. However, If price hits the upper line or trend return crossing under midline, the strategy closes the position.
Rainbow Oscillator script. This indicator was developed and described by Dr. Mel Widner (Stocks & Commodities V.15:7: Rainbow Charts).
Phase Change Index script. This indicator was developed and described by M. H. Pee (Stocks & Commodities V.22:5 (28-37): Phase Change Index). Other indicators of M. H. Pee:
Ehlers Smoothed Adaptive Momentum script. This indicator was developed and described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures" (2004, Chapter 12: Adapting to the Trend).
Recommended timeframe: 5M or higher Based on EMA crosses and CCI levels. Take profit can be also at Pivot levels like Daily/Weekly Stop loss should be between 12-15 pips. This strategy is still under development!
Chande Momentum Oscillator script. This indicator was developed and described by Tushar S. Chande and Stanley Kroll in their book "The New Technical Trader" (1994, Chapter 5: New Momentum Oscillators).
Trend-Reverse Strategy is a combination of these 2 scripts to use 5 min candle.
This channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
A simple indicator based on www.swing-trade-stocks.com The link is also the guide for how to use it. 0 - nothing. If the indicator is showing 0 for a prolonged amount of time, it is likely the market is in "momentum mode" (referred to in the link above). 1 - indicates an uptrend based on SMA and EMA and also a place where a reversal to the upside is likely to...
Quasi White Noise script. An experimental approach to implement a white noise using Pine Script. Uses Connors RSI under the hood. en.wikipedia.org
DPD response quickly and one of my followers wanted a smoothed version of DPD. I think taking DEMA of DPD is a good solution for that.
This is a modified Schaff Trend Cycle (STC), which is designed to provide quicker entries and exits. I've been a huge fan of the STC for a long time, but being based on the MACD means its signals often lag by a bar or two (especially in fast moving markets). All I've done here is take the base STC script (all credit to user @LazyBear), and change the source to a...
Combination of DPD ,STOCHRSI and RSI indicators. Be careful for percantage selection to fit your candle size.