Alex's Dikfat Velocity 2hr CCI Color SignalerAlex's Dikfat Velocity 2hr CCI Color Signaler
As most traders have experienced at one time or another, over bought and oversold readings are relative in nature and do not always work as a standalone reading.
Momentum indicators such as the Commodity Channel Index ( CCI ) have to be understood and read correctly to determine the value in a momentum reading.
When an asset is "Overbought" or "Oversold" the reading can remain in this region Irrationally for extended periods as the market remains in irrational trend.
In order to better understand this and other readings on a momentum indicator clues such as divergence, exhaustion, continuation, time and frequency as well as the actual velocity of the movement must be measured. In addition, there are very specific measurement lines on the CCI that must be read and that can reject or break and result in the asset either loosing or gaining momentum in one direction or the other. These are the dashed lines in the background.
For the purposes of this Indicator, the actual function, characterization and use of CCI will not be explained here as the colored indications themselves will do all the work for you.
It is very important to know that the calculations used to signal the color filling ARE NOT based on simple breaks of the dashed background lines as traditionally read with a CCI indicator.
The calculations used in this Indicator are based on a very fine tuned mathematical algorithm that measure an unseen element within the CCI . When the VELOCITY of a move in momentum is met, the color fills will begin. When the VELOCITY of the move changes, so to will colorization. This has led to some of the best High Probability Long and Short Sale signaling in any CCI indicator. Pairing this with your favorite chart indicators and personal analysis will result in high tradability but can also be used stand alone.
Remember: No one single indicator should ever be used to determine market signaling.
A basic understanding of a CCI indicator is recommended before using this indicator.
This indicator and the proprietary calculations used were built and meant to be used on the 2 Hour Timeframe. The indicator is open to all time frames and accuracy increases as the time frame increases.
It is recommended that if you use this indicator on a lower timeframe, to pull CCI readings from a higher Timeframe as found in the settings.
This indicator signals long and short opportunities. High Probability long and short trades, bullish and bearish divergence building, market time traps and bullish / bearish continuation as well as exhaustion of these moves.
There is also a companion indicator which will signal the High Probability Long and Short trades on the candle chart called "Alex's Dikfat CCI Equity Signaler" Which will place white Triangles on the candle chart showing high probability long entries and Orange Triangles for High Probability short entries. These are also built into the CCI line and can be turned on in this indicator.
Color Code:
Bullish Continuation: (Background Color Black)
The function of the black background colorization is to alert the user that a bullish move has begun and is currently in a strong continuation period. the longer the black background color draws, the more sustained or trending up the current move is. When these background lines begin to break and start to appear as more frequent broken background lines, exhaustion in the move can be assumed. When the black stops drawing all together, the strength of the continuation move is gone.
Bearish Continuation: (Background Color Fuchsia)
The function of the fuchsia background colorization is to alert the user that a bearish move has begun and is currently in a strong continuation period. the longer the fuchsia background color draws, the more sustained or trending down the current move is. When these background lines begin to break and start to appear as more frequent broken background lines, exhaustion in the move can be assumed. When the fuchsia stops drawing all together, the strength of the continuation move is gone.
High Probability Long/Short:
These buy and sell opportunities were designed to give a trader the best signal/entry on a Long or a Short with the highest probability of making a large and typically sustained impulse move.
High Probability Long: (White Color Fill)
The High Probability Long is a signal to BUY with the best possible entry on an a pending large impulse move to the upside. When White begins to fill, The long is extremely likely. The signal is confirmed on the close of the following candle after white begins to draw unless an opposing color immediately follows, or white dips below the zero line. White will always usually start just below the zero line in the highest probability scenarios.
High Probability Short: (Orange Color Fill)
The High Probability Short is a signal to SELL SHORT with the best possible entry on a pending large impulse move to the downside. When Orange begins to fill, The Short is extremely likely. The signal is confirmed on the close of the following candle after orange begins to draw unless an opposing color immediately follows. Some of the best entries for Orange are when it starts at the END of a black stripe in the background and better so when Orange dips below zero for entry. The signal was designed to color early enough to get in a short during consolidation before the move.
Long and Short Opportunities: Long and Short opportunities are just as they sound. Coloring will signal green for a long opportunity and red for a short opportunity. These opportunities are not always guaranteed and usually result in an lesser impulse move in one direction with a shorter duration.
Long Opportunity: (Green)
The Long Opportunity is a signal that a Long is possible however with less likely odds of a larger more sustained move. When Green begins to fill, a long opportunity is available. The signal is confirmed on the close of the following candle after green begins to draw unless an opposing color immediately follows, or green dips below the zero line. Green will always usually start just above the zero line and have the best opportunities at the end of Bullish Divergence (Blue) at the end of Bearish Continuation (Fuchsia) or a non filled CCI .
Short Opportunity: (Red)
The Short Opportunity is a signal that a Short is possible however with less likely odds of a larger more sustained move. When Red begins to fill, a short opportunity is available. The signal is confirmed on the close of the following candle after red begins to draw unless an opposing color immediately follows. Some of the best entries for Red are when it starts at the END of a black stripe in the background (higher odds than other red signaling). The signal was designed to color early enough to get in a short during consolidation before the move and better so if orange develops after red.
Bullish Divergence: (Dark Blue)
Dark Blue colors when Bullish Divergence is detected. Bullish divergence is a signal that momentum is building higher within the asset for an up move while price action in the candle chart makes lower lows. Bullish Divergence is not a signal to buy or sell but rather a sign post to say WAIT. Bullish divergence is building and a Long is coming. Some traders will buy bullish divergence in anticipation of a move and is only equitable if you have the cash and resolve to follow it through for as long as it is developing. Buying or selling divergence right away is not always the best practice unless a hard dip below all momentum lines followed by an immediate buy signal from white or green resulting in a drop base rally.
Bearish Divergence: (Dark Maroon)
Dark Maroon colors when Bearish Divergence is detected. Bearish divergence is a signal that momentum is dropping out of the asset for a move lower while price action in the candle chart makes higher highs. Bearish Divergence is not a signal to buy or sell but rather a sign post to say WAIT. Bearish divergence is building and a Short is coming. Some traders will sell bearish divergence in anticipation of a move and is only equitable if you have the cash and resolve to follow it through for as long as it is developing. Buying or selling divergence right away is not always the best practice unless a hard rip above all momentum lines followed by an immediate sell signal from red or orange resulting in a rally base drop.
No Color Fill:
When CCI has no color fill whatsoever it is telling the trader there are no high velocity movements in momentum in any direction. Best practice is to do nothing and wait out the Time Trap currently on the chart until signaling develops.
Time and Frequency:
Time and frequency is notable throughout the indicator. First and foremost when CCI is not being filled it is best practice to do nothing as there is NO Velocity of Movement within the asset at that time. This is one of the most obvious of Time Traps.
Bullish and Bearish Divergence is also a type of Time Trap. The longer these develop, the more weak hands are shaken out of the market and derivatives traders have their premium burned. Best practice with divergences is also to wait until adequate signaling develops, or be willing to buy or sell the appropriate divergence by accumulating or distributing for as long as it develops; or simply to buy/sell and hold for the move.
Any Sustained color for extended periods of time is also a time trap signaling to the trader that the asset is being irrational in its present move.
Bullish and Bearish Continuation:
These also deal with time and frequency most importantly. When we are on a sustained Bull Run, black will color in the background continuously. When the black starts to barcode or break up, exhaustion of the bull run is assumed as the frequency of the run becomes erratic. Inversely, When we are on a sustained Bear Run, fuchsia will color in the background continuously. When the fuchsia starts to barcode or break up, exhaustion of the bear run is assumed as the frequency of the run becomes erratic.
The color scheme is designed to be read from darkest to lightest when a sequence of events is found. I.E Dark Maroon>Red>Orange or Inversely Dark Blue>Green>White
In keeping with the best practices and traditions of TradingView, we have published this as a public script with the best intentions of aiding the TradingView community in unique and valuable ways. While some of our best indicators are by invite only, we feel an addition to the community of this magnitude will add to the fabric and substance of community.
Oscillatori centrati
Adaptive Fisherized CMFIntroduction
Heyo, here I made a normalized Chaikin Money Flow (CMF) indicator with Inverse Fisher Transform (IFT) and some smoothing techniques.
I had to normalize the indicator in order to fit it to the IFT range (-1 -> 1).
Moreover, the good old adaptive mode is also included in this indicator. It uses Ehlers superb dominant cycle techniques.
It also has divergence detection, several options for individualisation and doesn't repaint.
Usage
www.investopedia.com
Signals
CMF above 0 => bullish market
CMF below 0 => bearish market
(You can also use the inner bands instead of the zero line, to make these signals more precise)
Bullish regular/hidden divergence => long
Bearish regular/hidden divergence => short
Enjoy guys!
PS: I really would like to hear some feedback of you.
Adaptive Fisherized ROCIntroduction
Hello community, here I applied the Inverse Fisher Transform, Ehlers dominant cycle determination and smoothing methods on a simple Rate of Change (ROC) indicator
You have a lot of options to adjust the indicator.
Usage
The rate of change is most often used to measure the change in a security's price over time.
That's why it is a momentum indicator.
When it is positive, prices are accelerating upward; when negative, downward.
It is useable on every timeframe and could be a potential filter for you your trading system.
IMO it could help you to confirm entries or find exits (e.g. you have a long open, roc goes negative, you exit).
If you use a trend-following strategy, you could maybe look out for red zones in an in uptrend or green zones in a downtrend to confirm your entry on a pullback.
Signals
ROC above 0 => confirms bullish trend
ROC below 0 => confirms bearish trend
ROC hovers near 0 => price is consolidating
Enjoy! 🚀
MTF Commodity Oddity Index (CCI+)MTF Commodity Oddity Index (CCI+)
This chart overlay indicator is based upon the Commodity Channel Index (CCI) and can signal multiple triple-timeframe CCI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse.
Features include:
- Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Optional drawing of background colours and/or ribbon seen at bottom of the chart image.
- The default primary MTF #1 timeframes are set to 1 minute, 5 minute and 15 minute. These are highly suitable for low timeframe scalpers trading on < 5m charts, and can often pin point price reversals.
- The default Secondary MTF #2 timeframes are set to 15 minute, 30 minute and 120 minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders.
- Independent alerts for MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting MTF overbought and MTF oversold individually, as well as an option for alerting either overbought or oversold in a single combined alert.
- Also includes standard configurable CCI options, including CC length and source type.
Note: The features listed above are accurate at the time of publishing but maybe updated or added to in future.
A similar MTF CCI indicator is also available as a panel indicator here .
This indicator is based upon the original MTF Fantastic Stochastic (FS+) available here .
What is the Commodity Channel Index (CCI)?
Investopedia has described the popular oscillator as follows:
“The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold.
Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way.”
You can read more about the CCI , its use cases and calculations here .
How do traders use overbought and oversold levels in their trading?
The oversold level, that is traditionally when the CCI is above the 100 level is typically interpreted as being 'overbought', and below the -100 level is typically considered 'oversold'. Traders will often use the CCI at an overbought level as a confluence for entry into a short position, and the CCI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the CCI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the CCI . While traditionally, the overbought and oversold levels are below -100 for oversold, and above 100 for overbought, the default threshold settings of this indicator have been increased to provide fewer, stronger signals, especially suited to the low timeframes and highly volatile assets.
MTF CCI + Realtime DivergencesMulti-timeframe Commodity Channel Index (CCI) + Realtime Divergences + Alerts
This version of the CCI includes the following features:
- Optional 2x sets of triple-timeframe overbought and oversold signals with fully configurable timeframes and overbought and oversold thresholds, can indicate where 3 selected timeframes are all overbought or all oversold at the same time, with alert option.
- Optional divergence lines drawn directly onto the oscillator in realtime, with alert options.
- Configurable pivot periods to fine tune the divergences drawn in order to suit different trading styles and timeframes, including the ability to enable automatic adjustment of pivot period per chart timeframe.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
- 'Hide oscillator' feature allows traders to hide the oscillator itself, leaving only the background colours indicating the overbought and oversold periods and/or MTF overbought and oversold confluences, as seen in the chart image.
- Also includes standard configurable CCI options, including CCI length and source type. Defaults set to length 20, and hlc3 source type.
- Optional Flip oscillator feature, allows users to flip the oscillator upside down, for use with Tradingviews 'Flip chart' feature (Alt+i), for the purpose of manually spotting divergences, where the trader has a strong natural bias in one direction, so that they can flip both the chart and the oscillator.
- Optional 'Fade oscillator' feature, which will fade out all but the most recent period, reducing visual noise on the chart.
While this version of the CCI has the ability to draw divergences in realtime along with related alerts so you can be notified as divergences occur without spending all day watching the charts, the main purpose of this indicator was to provide the triple-timeframe overbought and oversold confluence signals, in an attempt to add more confluence, weight and reliability to the single timeframe overbought and oversold states, commonly used for trade entry confluence. It's primary purpose is intended for scalping reversal trades on lower timeframes, typically between 1-15 minutes, which can be used in conjunction with the regular divergences the indicator can highlight. The triple timeframe overbought can often indicate near term reversals to the downside, with the triple timeframe oversold often indicating neartime reversals to the upside. The default timeframes for this confluence are set to check the 1m, 5m and 15m timeframes together, ideal for scalping the < 15 minute charts. The default settings for the MTF #1 timeframes (1m, 5m and 15m) are best used on a <5 minute chart.
Its design and use case is based upon the original MTF Stoch RSI + Realtime Divergences found here .
Commodity Channel Index (CCI)
Investopedia has described the popular oscillator as follows:
“The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold.
Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way.”
You can read more about the CCI, its use cases and calculations here .
How do traders use overbought and oversold levels in their trading?
The oversold level, that is traditionally when the CCI is above the 100 level is typically interpreted as being 'overbought', and below the -100 level is typically considered 'oversold'. Traders will often use the CCI at an overbought level as a confluence for entry into a short position, and the CCI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the CCI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the CCI. While traditionally, the overbought and oversold levels are below -100 for oversold, and above 100 for overbought, he default threshold settings of this indicator have been increased to provide fewer, stronger signals, especially suited to the low timeframes and highly volatile assets.
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, and also when the triple timeframe overbought and oversold confluences occur.
Configurable pivot period.
You can adjust the default pivot period values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable timeframes, in a bid to optimise the divergences drawn when the indicator is loaded onto any of the 4 timeframes. These timeframes and the auto adjusted pivot periods on each of them can also be reconfigured within the settings menu.
Disclaimer: This script includes code adapted from the Divergence for Many Indicators v4 by LonesomeTheBlue . With special thanks.
Delta StochasticThis is the Stochastic Oscillator but now instead of reading it raw we sum the stochastic over a window and then take the cumulative sum of the difference. This allows us to have a much smoother representation of the stochastic while seeing the true momentum relative to it. I hope you can find this useful!
Refresher on Stochastic: Stochastics are range bound momentum oscillators. They calculate values between 0 and 1 which are usually plotted as 2 lines. These indicators are primarily used for identifying overbought and oversold conditions, line crossovers, divergences and increases in buying or selling pressure.
Stochastic Moving Average Convergence Divergence (SMACD)This is my attempt at making a Stochastic MACD indicator. To get this to work I have introduced a DC offset to the MACD histogram output. I figured that if theirs a Stochastic RSI their might as well be a Stochastic everything else! lmao enjoy. Honestly, from what I can tell it's even faster than Stochastic Smooth RSI.
The Stochastic Oscillator (STOCH) is a range bound momentum oscillator. The Stochastic indicator is designed to display the location of the close compared to the high/low range over a user defined number of periods. Typically, the Stochastic Oscillator is used for three things; Identifying overbought and oversold levels, spotting divergences and also identifying bull and bear set ups or signals
MACD is an extremely popular indicator used in technical analysis. MACD can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes MACD so informative is that it is actually the combination of two different types of indicators. First, MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, MACD takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum
Volume FlagThis indicator shows the increased volume compared to the previous volume.
A flag is displayed when the trading volume increased by *n of the previous candle.
Receive a signal as an alert.
Thank you.
(Please comment and click on the rocket.)
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이 지표는 이전 캔들의 거래량 대비 증가된 거래량을 확인할 수 있습니다.
깃발을 사용하여 증가 감소를 확인할 수 있으며 n배 만큼의 증가 되었을때 표시됩니다.
그리고 깃발이 표시될 경우 알람을 받으실 수 있습니다.
감사합니다.
댓글과 로케트 클릭 부탁드립니다.
[TTI] Stage Analysis Momentum Index––––History & Credit
The credit to this indicator goes to Stan Weinstein, the father of Stage Analysis. By studying his books and methods he has disclosed the exact way of calculating the Momentum Index that is being used by him and his team in order to gauge the market.
–––––What it does
The indicator falls into the category of technical indicators used by Stan. It calculates an simple moving average based on the difference between the Advancing and Declining issues on various markets.
The settings of the indicator allow to adjust the length of the moving average as well to choose 1 of the 3 markets for which it has been scripted to work: NYSE, NASDAQ or Total US Stocks.
–––––How to use it
The indicator ought to be used on the daily chart
The most important thing to look for is if the indicator is if it is above zero and below zero. A below zero Momentum index is an outright bearish signal and traders should consider stepping out of the market or initiate short positions.
The other things that ought to be considered are the depth and length of the prior to a violating action. In a nutshell the longer, stronger the above zero action the more powerful a below zero cross will be.
[klemenxina] BB%+BB% based indicator. It tracks the percentage distance between price and its deviations. Using this it shows overbought and oversold levels, signalling a good chance for mean reversion.
While testing the new BB filter update on my original indi. I tested a few ways of input filtering and later found what became this indi. I decided to publish it separate since the core of the indi changed.
Includes everything that the other BB indi has:
- OB/OS zones
- soft signals
- realtime divs
- alerts
- 5 baseline MA optons
- indi trend
I also included the filter signal update in this one, but since there is less signals its off by default.
MTM - Momentum IndicatorMTM - Momentum
Description
The Momentum indicator is a speed of movement indicator that is designed to identify the speed (or strength) of price movement. This indicator compares the current close price to the close price N bars ago and also displays a moving average of this difference.
Category
Momentum Indicators
Parameters
N ( Default: 6 Min: 1 Max: 100 )
N1 ( Default: 6 Min: 1 Max: 100 )
Chart Script
MTM : CLOSE-REF(CLOSE,N);
MTMMA : MA(MTM,N1)
www.edgerater.com
MACD + EMA System with AlertsSo I created the MACD Cross Strategy but not working alone by itself. I added EMA (Exponential Moving Average) filter to improve its winning rate so the MACD Signal only appears when in the same trend direction as Moving Average.
The Main Rules for Long Signal are:
- MACD Main Line Crossover the MACD Signal Line.
- The crossover happens below the MACD center line (0) so the momentum is strong.
- Price above the EMA 200 so it means the market is in a strong uptrend.
The Main Rules for Short Signal are :
- MACD Main Line Crossunder the MACD Signal Line.
- The crossover happens above the MACD center line (0) so the momentum is strong.
- Price below the EMA 200 so it means the market is in a strong downtrend.
The signal crossover & signal alert only generate as per the following rules above.
TMO ScalperTMO - (T)rue (M)omentum (O)scillator) MTF Scalper Version
TMO Scalper is a special custom version of the popular TMO Oscillator. Scalper version was designed specifically for the lower time frames (1-5min intraday scalps). This version prints in the signals directly on top of the oscillator only when the higher aggregations are aligned with the current aggregation (the big wheels must be spinning in order for a small wheel to spin). The scalper consist of three MTF TMO oscillators. First one is the one that plot signals (should be the fastest aggregation), second serves as a short term trend gauge (good rule of thumb is to us 2-5x of the chart time frame or the first aggregation). The third one (optional) is shaded in the background & should only serve as a trend gauge for the day (usually higher time frames 30min+).
Time Frames Preffered by Traders:
1. 1m / 5m / 30m - This one is perfect for catching the fastest moves. However, during choppy days the 1min can produce more false signals..
2. 2m / 10m / 30m - Healthy middle, the 2min aggregation nicely smooths out the 1min mess. Short term gauge is turning slowly (10min for a signal to confirm).
3. 3m / 30m / 60m - This TF is awesome for day traders that prefer to take it slow. Obviously, this combination will produce far less signals during the day.
Hope it helps.
Macro Directional IndexCore to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100
This indicator has 4 values in the status line:
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change
DI Rate of Change
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. "Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often.
Directional Index Middle Channel
Between the DI+ and DI- is a black centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross."
Limited MACDwhat is "Limited MACD"?
it is macd but it has some useful additional features.
what it does?
it takes limited values ??just like rsi. The highest value it can take is 100 and the lowest value is -100. this way it gets the same highs and lows for different symbols and time slots. which means we can set overbought and oversold values ??with it. he also paints candles according to their values. The closer the price is to the oversold values, the more red, and the closer to the overbought values, the greener.
how it does it?
macd values ??are limited by dividing by extreme values. The macd value is used as the variable for the color.rgb function, this is used to get a different color for each macd value.
how to use it?
The variables in the settings section are the same as standard macd.
Use the colors to identify overbought and oversold zones and to predict possible price reversal points. also the indicator will mark possible turning points. other than that, its use is similar to standard macd and its limits are up to your imagination.
four hour:
one hour:
five minute:
Rolling MACDThis indicator displays a Rolling Moving Average Convergence Divergence . Contrary to MACD indicators which use a fix time segment, RMACD calculates using a moving window defined by a time period (not a simple number of bars), so it shows better results.
This indicator is inspired by and use the Close & Inventory Bar Retracement Price Line to create an MACD in different timeframes.
█ CONCEPTS
If you are not already familiar with MACD, so look at Help Center will get you started www.tradingview.com
The typical MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
The MACD indicator(or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price. These three series are: the MACD series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two. The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series. The average series is an EMA of the MACD series itself.
Because RMACD uses a moving window, it does not exhibit the jumpiness of MACD plots. You can see the more jagged MACD on the chart above. I think both can be useful to traders; up to you to decide which flavor works for you.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how).
Time period
By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate RMACD:
Chart Time
timeframe period
1min 🠆 1H
5min 🠆 4H
1H 🠆 1D
4H 🠆 3D
12H 🠆 1W
1D 🠆 1M
1W 🠆 3M
You can use the script's inputs to specify a fixed time period, which you can express in any combination of days, hours and minutes.
By default, the time period currently used is displayed in the lower-right corner of the chart. The script's inputs allow you to hide the display or change its size and location.
Minimum Window Size
This input field determines the minimum number of values to keep in the moving window, even if these values are outside the prescribed time period. This mitigates situations where a large time gap between two bars would cause the time window to be empty, which can occur in non-24x7 markets where large time gaps may separate contiguous chart bars, namely across holidays or trading sessions. For example, if you were using a 1D time period and there is a two-day gap between two bars, then no chart bars would fit in the moving window after the gap. The default value is 10 bars.
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This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
I hope you enjoy my new ideas
best regards
Chervolino
Potential Top / Bottom by wei指標裡有🚀、💀分別為看漲及看跌訊號，可以參考兩條線線作為作多及做空的止損線。
There are 🚀 and 💀 in indicator for long/short signals. you can take a look at two lines as stop loss lines for long/short position.
回測數據 自2022/01/01 BTCUSDT(bybit) H2
FYR : backtest from 2022/01/01 BTCUSDT(bybit) H2
i.imgur.com
Multi-Indicator Divergence ScreenerHere is a new screener for everyone.
I have applied my Better Divergence On Any Indicator logic to scan 3 different indicators and up to 6 different assets at one time. Shoutout to LonesomeTheBlue and QuantNomad for their respective work on divergence and scanner scripts. I've implemented similar logic to put together this scanner.
So far, I have added support for RSI, OBV, MACD, MFI, Stochastic, and FSR, though I'm happy to add more by request. Please note, for simplicity, I have removed the logic to filter for only overbought/oversold divergences. Because this can scan both centered oscillators and non-centered indicators, overbought/oversold does not apply to all of them. I may try to find a way to work in back in later, as time allows.
Personally, I like to find confluences different types of indicators. For instance, agreeable divergence with a centered strength oscillator like RSI and a volume based indicator like OBV gives me more confidence that there will be follow-through.
Like in the Better Divergence script, you can opt to scan for confirmed divergences, potential divergences, or both.
You have the option to show or hide a table that will tell you exactly which assets have divergence, on which indicator they were found, and how many points of divergence were identified. By default, bull divergences will be green, bear will be red, but you can change these base colors to your liking. Confirmed divergences are shown with a solid background, while potentials (if selected) are shown with transparent background. If all 3 of your chosen indicators have divergence in the same direction, the asset name will show in the bull or bear color to highlight the confluence.
Alerts have also been set up to fire on bar close. The message will essentially tell you the same thing the table does, but in condensed format.
You can choose to have alerts fire any time there is any divergence detected across all assets, only when there are divergences on at least 2 of the chosen indicators for a given asset, or limit them to only when all 3 indicators show divergence in agreement.
Fisher Transform [Loxx]The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset.
What's different between this and regular Fisher Transform?
This version of Fisher Transform morphs the original Fisher Transform concept into a high-powered trading tool that works for all asset classes and all timeframes. There are 1000s of potential combinations of signal output between source selection and filtering preferences. Additional sources, volatility types, and moving averages will be added over time in future releases.
Sources
Loxx's Expanded Source Types enabling ~100 variations of source input including all Heikin Ashi and Better Heikin Ashi types. See here for more information here:
Signals
Initial Long "L": Zero-line or trigger/signal cross-up
Initial Short "L": Zero-line cross-down or trigger/signal cross-down
Continuation Long "CL": When price is in uptrend, cross-up trigger over signal
Continuation Short "CS": When price is in downtrend, cross-down trigger under signal
Post Baseline Cross Long "BL": When trigger and signal cross-up over zero-line but Baseline is still in downtrend, then if Baseline finally turns to uptrend within XX bars, then long
Post Baseline Cross Short "BS": When trigger and signal cross-down under zero-line but Baseline is still in uptrend, then if Baseline finally turns to downtrend within XX bars, then short
Long Exit "LX": When trigger is over XX boundary and trigger crosses down signal
Short Exit "SX": When trigger is under XX boundary and trigger crosses up signal
Filters
Baseline filter
41 Different moving averages to choose from including moving averages including Loxx's Moving Averages. See here for more information on included moving averages:
If the Baseline filter is turned on, the Post Baseline Cross signals are activated. For all Baseline types, the trigger is close, the signal is the moving average. If the trigger is above the signal, price is in an uptrend, if trigger is below the signal, price is in a downtrend. When this selected, the trend of the baseline must match the trend of the Fisher Transform for the signal to be valid.
Volatility filter
Volatility : If price crosses the baseline, we check to see how far it has moved in terms of multiples of volatility denoted in price ( volatility in price x multiple). If price has moved by at least "Qualifier multiplier" and less than "Range Multiplier", then, assuming other factors align in one direction, then a signal is printed
Volatility Types
v1.0 Included Volatility
Average True Range (ATR)
True Range Double (TRD)
Alerts
Includes alerts for all signal types listed above
UI Options
5 color schemes
5 trend coloring schemes
Ability to turn signals on/off
Fisher Transform Backtest
Know Sure Thing - Weekly Candle VersionKnow Sure Thing - Plotted on weekly candles (source from Martin Pring)
Developed by Martin Pring, Know Sure Thing (KST) is a momentum oscillator based on the smoothed rate-of-change for four different timeframes.
Modifications:
Arrows representing long/short signals based on the timeframe (S for short term, M for mid term, L for long term)
Volatility Adjusted MomentumIt's a script that computes volatility-adjusted momentum indicators.
The problem with the momentum indicator is that it's absolute and it's hard to interpret its value. For example, if you'll change the timeframe or instrument value of Momentum will be very different.
We tried to solve that by expressing momentum in volatility. This way you can easier spot overbought/oversold values.
You can choose to use Standard Deviation or ATR for adjustments.
Thanks to @MUQWISHI for helping me code it.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Ichimoku MA Up & DownIchimoku and MA use the default.
It is repainted because it uses a moving average line.
A marker is only true if it was created after the candle closed.
The principle is too simple.
Please enjoy using it.
- Up : Conversion Line > MA #1 and Base Line > MA #2
It is an uptrend. The short-term moving average should be above the conversion line. And the long-term should be above the Base Line.
- Down : Conversion Line < MA #1 and Base Line < MA #2
It's a downtrend. The short-term moving average should be below the conversion line. And the long-term should be below the Base Line.
You can get better results if you use a momentum indicator like RSI.
Thank you.
Boom Hunter XBoom Hunter X is built to target breakouts and explosive moves. The strength of this indicator is in slower timeframes like daily, weekly and monthly but it also works great on 4 hour timeframes. It is a modified version of Boom Hunter XL designed to be simple and easy to use. There are minimal settings available, aside from being able to choose the length of the oscillator there are 3 presets available. Preset 1 is the fastest and is great for targeting entries. Preset 3 is the slowest and is perfect for highlighting trends and setting up big moves. Preset 2 is somewhere in the middle and works great for entries and trend. To get a full picture of price action it is recommended to use all three indicators on your chart. The indicator will automatically adjust lengths when using weekly and monthly charts. If using faster timeframes try adjust the length to 6 or 9.
To get best results use Preset 3 to identify the trend of price action. When Preset 3 is in teal look for long entries on Presets 1 and 2. Likewise, when in red look for shorts. The best entries come from the first pullbacks. Below is an example of entering with the trend.
Using slow charts like weekly and monthly makes it easy to see what is happening with the markets. Below is an example of how easy it is to stay ahead of the curve and identify booms.
First pullbacks are signalled with outlined triangles: ▵▿
These signals are only available on preset 2 and 3. First pullbacks are picked up after price action breaks its median or dynamic median also known as OSC3 (OSC3 is hidden and works in the background), The strongest long pullbacks are when the oscillator is above the median and in the teal. Likewise the strongest short entries are when the oscillator is below the median and in the red. First pullback signals often signal the start of a new trend. Below is an example on a daily chart.
Breaks in support and resistance are signalled with white arrows: ˰˅
Preset 3 highlights the biggest breakouts while preset 1 will show the breaks within the breaks. Preset 2 provides a nice blend between the both and works great for targeting breakouts. It is not recommended to enter on the break as price action will come back to test. The first pullback after the break is typically the best and safest entry for breakouts. Below is an example of the break signal using preset 2 on weekly chart.
Breakout entries are signalled with teal and red triangles. Breakout signals filter price action for safe confirmed pullback entries. The slower the timeframe the bigger the breakout. Presets 2 and 3 are best for finding these entries.
Booms are signalled with this explosive icon: 💥
Simply put booms are polarity flips within the ticker signal. They are fast and explosive moves that can be detected using several different methods. Some of these boom signals are picked up using pure chart mechanics while others use filtering and signal processing to pinpoint the exact moment before an explosion. To make big moves the charts have to set it up first. Below is an example on a daily chart.
Boom Hunter X comes with the following alerts:
Overbought - Reversal attempt
Oversold - Reversal attempt
Long First Pullback - Only available on Preset 2 and 3
Short First Pullback - Only available on Preset 2 and 3
Pivot Up - Oscillator crosses over trigger
Pivot Down - Oscillator crosses under trigger
Long Breakout - Entry point for breakout
Short Breakout - Entry point for breakout
Break Support - Price action breaks its support
Break Resistance - Price action breaks its resistance
Boom! - Alerts for all the booms
Crossing Over Median - Price action enters top half of channel
Crossing Under Median - Price action enters bottom half of channel
