The On Chart Reverse RSI+EMA Cross With Divergence is a visual representational spin of the original RSI+EMA to assist the end-user in their decision making for entry, exit and risk management, as well as freeing up space for the chart. The On Chart Reverse RSI+EMA Cross With Divergence, which very basically is a smoothed reverse engineered calculation of the...
(Top Chart Version) Similar to the first version, this one plots divergence lines on the main chart instead of a separate panel. Plots divergence between correlated pairs. Ie. EURUSD - XAUUSD - DXY NJDJPY - AUDJPY - NZD Index XAU - XAG USOIL - UKOIL BTCUSD - ALTPERP
(Bottom Version) Plots divergence between correlated pairs. Ie. EURUSD - XAUUSD - DXY NJDJPY - AUDJPY - NZD Index XAU - XAG USOIL - UKOIL BTCUSD - ALTPERP
The Reverse MACD Cross + Histogram Divergence is in essence the same MACD you all know and love with two added features which can be used to assist the end-user in their decision making for entry, exit and risk management. The first feature is a Reverse MACD Cross price, which very basically is a smoothed reverse engineered calculation of the MACD Signal Line in...
This indicator uses the cyclic smoothed Relative Strength Index (cRSI) instead of the traditional Relative Strength Index (RSI). See below for more info on the benefits to the cRSI. My key contributions 1) A Weighted Moving Average (WMA) to track the general trend of the cRSI signal. This is very helpful in determining when the equity switches from bullish...
Divergence Template! This public indicator helps you to find as many divergences with as many indicators you like, without the long hassle of knowing and coding the divergence yourself. Just replace the "Divergence Condition" with your formula and give it a title in the second step, everything simply illustrated to someone without any coding experience!...
█ OVERVIEW Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
This oscillator organized by three Line , control zone and Divergence Line 1:) Fast Line 2:) Slow Line 3:) Heavy Line 4:) Neutral Zone between Fibo 38.2% & 61.8% 5:) Bullish Control Zone 6:) Bearish Control Zone 7:) Super Bullish Control Zone 8:) Super Bearish Control Zone 9:) Divergence Line And there are three theories of finding tradable signals behind those...
Composite Index by Constance Brown mixed with built-ins Divergence Indicator useful indicator to find divergence this script find divergence automatically for you
Hi everyone, This scripts are used for learning and research purposes. THESE ARE NOT BUY/SELL SIGNALS. If you have a better idea, share it here or contact me via msg. I will improve this script better in next version. Settings: Basically, you only need to care about "Lookback Level For Divs", this is the number of previously adjacent peak. Feel free to...
This is a formula Ms Brown developed to identify divergence failures with in the RSI . This also highlights the horizontal support levels with in the indicator area. The Composite Index study comprises 2 momentum indicators on the RSI which are smoothed using a moving average. Control of the upper and lower indicators can be used to adjust the periods represented...
This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences. I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences. I did...
Updated an existing Divergent Bar script to be able to show all divergent bars. There are 2 set of divergent bars that can be turned on. The original one based on price and alligator lines, and a new second one that shows ALL divergent bars. The second set has lighter lines and colors to differentiate them from the filtered alligator divergent bars.
A truly time based indicator to check the strength of the asset based on "Time". The main idea came to my mind about 2 years ago, When i was counting the candles in an impulse move and comparing it to number of retracement candles . So i got a period (13 for example) and checked the price change between the 13 candles, Then the space between those two...
Oscillator is combining MACD with Stochastic oscillator. When both, MACD and Stochastic are aligned with direction of trend, it improves probability and strength of such signal. There's possibility to also activate second Stochastic as additional confirmation of the signal. One of winning setup is to keep MACD settings standard - 12,26,9 and both Stochastics with...
™TradeChartist Simple PVT Strength Spotter is a modified version of Price Volume Trend visualised using Relative Strength and helps spot price trends using visually engaging and appealing PVT Strength Oscillator plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry/exit based on...
Oscillator is combining MACD with (double) Stochastic oscillator. When both, MACD and (double) Stochastic are aligned with direction of trend, it improves probability and strength of such signal. There's possibility to also activate second Stochastic as additional confirmation of the signal. One of winning setup is to keep MACD settings standard - 12,26,9 and both...