Fibonacci Oscillator (Expo)█ Overview
The Fibonacci Oscillator is a multi-faceted oscillator designed to provide traders with a comprehensive understanding of market trends and retracement points. Built on the Fibonacci ratios, it combines the functionalities of popular oscillators like RSI and MACD with unique insights into the market structure. This oscillator not only helps identify trend direction but also pinpoints overbought and oversold levels, making it an essential tool for various trading strategies.
█ How to Use
Identify Trends
Use the oscillator to identify the direction of the market trend.
Identify Retracements
Use the oscillator to identify the retracements.
█ Settings
Fibonacci Settings
These settings let you customize the Fibonacci level to focus on, thereby allowing you to tailor the oscillator according to your trading preferences.
Oscillator Settings
You can also choose between different oscillator types (RSI, MACD, Histogram) and adjust their respective settings like lengths, signals, and colors.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
M-oscillator
RSI Trend Detector PSAR BasedRSI Trend Detector is based on the Direction of PSAR. This indicator helps the easy detection of Trend Direction and Sideways Movement of Price. It was difficult to determine the RSI Trend Direction in a basic RSI indicator. one cannot decide the exact entry point where to enter.
RSI Trend Detector helps with the direction of trend using PSAR direction which is almost instant direction changing indicator with Zero Lag. The color of the RSI changes immediately based on PSAR direction. One can determine the trend whether its in UP / Down or Sideways.
One can easily detect Pullback and entry points using this indicator.
The basic working can be interpreted with a normal default RSI, The only additional feature is the direction of trend using a SAR signal.
Oversold Zone is below 30
Overbought Zone is above 70
how ever RSI above 50 is treated a UP trend and Below 50 as Down Trend.
when RSI is between 40 and 60 price must be considered as Sideways. One can easily interpret the TREND.
Yellow Line = RSI Moving Average
RED and Green Line= RSI
Grey Zone = Sideways
Horizontal line = RSI level 50
Settings can be changed as required.
RSI Line:
RSI Above 50 up trend and Entry when color is green
RSI Below 50 down trend and Entry when color is Red
RSI in Grey Zone is sideways, wait for a breakout
RSI above 50 and color is red then its a pullback in uptrend
RSI below 50 and color is green then its a pullback in downtrend
ALERTS:
Up signal and Down Signal are provided when ever RSI crosses RSIMA
Up Signal: RSI crosses RSI Moving Average upwards
Down Signal: RSI crosses RSI Moving Average Downwards
Hope the Tradingview community likes this.
Forex & Stock Daily WatchList And Screener [M]Hi, this is a watchlist and screener indicator for Forex and Stocks.
This indicator is designed for traders who trade in the forex markets and monitor developments in indices and other currency pairs.
It includes information on 14 indices such as the volatility index, Baltic dry index, etc. You can customize the indices as you wish. The indices table contains the index's price (or points), daily change, stochastic value, and trend direction.
The second table is designed for trading forex and stock currency pairs.
In this table, you will find information such as price, volume, change, stochastic, RSI, trend direction, and MACD result for all traded pairs. You can customize all the currency pairs in this table as you wish, and you can also tailor the oscillator settings to your preferences.
In the settings section, you can use checkboxes to hide the pairs in both tables.
The "Customize" section in the settings allows you to personalize the table appearances according to your preferences.
[MAD] MindreaderHi,
This is a multiband indicator that shows you liquid support and resistance ranges based on growing offsets and growing ATR channels.
In the end, when setup well, you can make, based on historical observations, estimates of how traders will react, maybe identical again.
How to use:
Setup:
Activate the two checkboxes for centerline and All_Lines
Start with the middle line to establish the general direction of the asset.
With the 6 following options, you try to match the trends in the outer bands as good as possible.
Small changes can be made by till you have best fitting overall bands. I tried to make small steppingsize to visual setup very easy. Change a bit... wait look,... change a bit, wait look...
Deactivate the two setup boxes and continue with setting up the colors.
Have fun figuring out the perfect wave !!
Returns Model by TenozenHey there! I've been diving into the book "Paul Wilmott on Quantitative Finance," and I stumbled upon this cool model for calculating and modeling returns. Basically, it helps us figure out how much a price has changed over a set number of periods—I like to use 20 periods as a default. Once we get that rate of change value, we crunch some numbers to find the standard deviation and mean using all the historical data we have. That's the foundation of this model.
Now, let's talk about how to use it. This model shows us how returns and price behavior are connected. When returns hang out in the +1 to +2 standard deviation range, it usually means returns are about to drop, and vice versa. Often, this leads to corresponding price moves. But here's the thing: sometimes prices don't do what we expect. Why? It's because there's another hidden factor at play—I like to call it "power."
This "power" isn't something we can see directly, but it's there. Basically, when returns are within that standard deviation range, the market faces resistance when trying to move in its preferred direction, whether bullish or bearish. The strength of this "power" determines if the market will snap back to the average or go for a wild ride. It can show up as small price wiggles, big price jumps, or lightning-fast moves. By understanding this "power," we can get a better handle on what the market might do next and avoid getting blindsided. In the meantime, I couldn't explain "power" yet, but In the future, when I've learned enough, I'd love to share the model with you guys!
So... I'm planning to explore and share more models from this book as I learn, even if those pesky math formulas can be tough to crack. I hope you find this indicator as helpful as I do, and if you've got any suggestions or feedback, please feel free to share! Ciao!
ROCkin RSIROCkin RSI Indicator
Overview
The "ROCkin RSI" indicator combines the traditional Relative Strength Index (RSI) with an innovative approach using the Rate of Change (ROC) to offer a new way to visualize and interpret market momentum. By averaging the slope of the RSI over time and allowing for different types of moving averages, this indicator aims to help traders identify trending and reversal patterns more efficiently.
Features
RSI Calculations: The core of the indicator is based on the standard Relative Strength Index, an oscillator that measures the speed and change of price movements. The RSI oscillates between 0 and 100 and is usually used to identify overbought or oversold conditions.
Rate of Change of Price (ROC): Instead of simply plotting the RSI, this indicator calculates the Rate of Change of the closing price, essentially looking at how steep the RSI curve is over a user-defined period.
Smoothing: To reduce noise and make the curve smoother, the slope of the RSI is averaged over a given number of periods, which can either be a Simple Moving Average (SMA) or an Exponential Moving Average (EMA).
Column Plots: The smoothed RSI slope is plotted as columns, where the color of the columns (red or green) indicates whether the slope is positive or negative.
Optional RSI Moving Average: The indicator also offers an optional feature to plot a moving average of the smoothed RSI slope, aiding in trend identification.
Inputs
RSI Periods: The number of periods used to calculate the RSI.
Slope Periods: The number of periods used for calculating the Rate of Change.
Average Periods: The number of periods used for smoothing the RSI slope.
Type of Average: Choose between EMA (Exponential Moving Average) and SMA (Simple Moving Average) for smoothing.
Show RSI Moving Average: Toggle this to either show or hide the moving average of the smoothed RSI slope.
Moving Average Period: The period used for calculating the RSI Moving Average.
Moving Average Type: Choose between EMA and SMA for the RSI Moving Average.
How to Interpret
Positive Slope (Red Columns): Indicates upward momentum in the RSI, which may imply a bullish trend.
Negative Slope (Green Columns): Indicates downward momentum in the RSI, suggesting a possible bearish trend.
RSI Moving Average: Acts as a signal line to confirm the trend. When the smoothed RSI slope is above its moving average, it confirms the bullish trend, and when it's below, it confirms the bearish trend.
Practical Use
Entry/Exit Signals: Consider entering a long position when the columns of the green histogram cross above the moving average. Conversely, consider entering a short position when the columns cross under when red. The higher the columns the more likely the trade will be a good one.
Fine-Tuning and Optimization
It's crucial to understand that the default settings might not be optimal for all trading scenarios. The effectiveness of the ROCkin RSI indicator can vary based on the asset you're trading, the market conditions, and your trading style. Therefore, it's highly recommended to play with the settings and study the historical performance on the chart to grasp how the indicator behaves.
By experimenting with different periods for RSI, the Rate of Change, and the moving averages, you can tailor the indicator to better suit your needs. Studying how the indicator would have performed in the past can help you understand its potential strengths and weaknesses. Once you've got a feel for how it operates, you can then optimize the settings to align with your trading strategy and risk tolerance.
SMI Ergodic Indicator + OscillatorThis indicator is one that I came across a while ago. The main way this indicator works is a lot like the True Strength Index except it also adds a signal line. I like to think of it as a faster MACD that gives you a chance to lag a little less behind the MACD. This of course comes with the additional risk of fake-outs being prevalent. The signal line in the indicator allows you to use the EMA in the indicator itself and adds another indicator that it's either going to do a reversal or confirm trend.
In the indicator I created it has the Oversold and Overbought areas highlighted to show the oscillators function as kind of an RSI + MACD indicator. There is also added crossing alerts in the form of circles (or whatever you want to change it to) indicating a cross of the SMI line and the Signal EMA line. This is usually the point where you want to make an entrance or exit point. The Overbought and Oversold zones are adjustable to wherever you as a trader feel comfortable having them be.
I also combined bother the SMI and Signal line with the SMI Oscillator adding a histogram.
Rolling VWAP OscillatorTL;DR - TradingView's Rolling VWAP as centered oscillator
I really like TradingView's rolling VWAP (Rolling Volume-Weighted Average Price - RVWAP) indicator. But I also like clean charts that's why I'm mainly using indicators which are not displayed on the chart. Instead of simply moving the RVWAP to another pane I turned it into a centered oscillator. This allows me checking the RVWAP while having my chart clean.
You can find the oroginal RVWAP here .
Creds to TradingView for creating this indicator 👍
* I also added a fourth deviation band, gradient colors and the option to switch between candles and lines.
Strategy Gaussian Anomaly DerivativeConcept behind this Strategy :
Considering a normal "buy/sell" situation, an asset would be bought in average at the median price following a Gaussian like concept. A higher or lower average trend would significate that the current perceived value is respectively higher or lower than the current median price, which mean that the buyers are evaluating the price underpriced or overpriced.
This behaviour would be even more relevent depending on its derivative evolution.
Therefore, this Strategy setup is based on this Gaussian like concept anomaly of average close positionning compare to high-low average derivative, such as the derivative of the following ploted basic signal : 1-(high+low)/(2*close).
This Strategy can actually be used like a trend change and continuation strength indicator aswell.
In the Setup Signal part :
You can define the filtering of the basis signal "1-(high+low)/(2*close)" on EMA or SMA as you wish.
You can define the corresponding period and the threathold as a mutiply of the average 1/3 of all time value of the basis signal.
You can define the SMA filtering period of the Derivative signal and the corresponding threathold on the same mutiply of the average 1/3 of all time value of the derivative.
In the Setup Strategy part :
You can set up your strategy assesment based on Long and/or Short. You can also define the considered period.
The most successful tuned strategies I did were based on the derivative indicator with periods on the basis signal and the derivative under 30, can be 1 to 3 of te derivative and 7 to 21 for the basis signal. The threathold depends on the asset volatility aswell, 1 is usually the most efficient but 0 to 10 can be relevent depending on the situation I met. You can find an example of tuning for this strategy based on Kering's case hereafter.
I hoping that you will enjoy using this Strategy, don't hesitate to comment, to question, to correct or complete it ! I would be very curious about similar famous approaches that would have already been made.
Thank to you !
RSRS (Resistance Support Relative Strength)The Resistance Support Relative Strength (RSRS) indicator, published by Everbright Securities, is a technical analysis tool that enjoys immense popularity among Chinese quantitative traders, owing to its stellar performance in China's stock markets.
🟠 Principle
The indicator treats daily highs and lows as resistance and support levels respectively. It measures market strength by comparing the magnitude of price changes in daily highs versus lows. Specifically, it fits a linear regression model to the (low, high) data points over the past N days (typically 18) and uses the slope (beta) as the RSRS value. A steeper slope indicates stronger market strength.
🟠 Algorithm
1. Collect the daily low and high prices over the past N days.
2. Apply Ordinary Least Squares to estimate the linear regression model: high = alpha + beta * low. The beta is the RSRS value.
3. Compute the z-score of the RSRS over the past M days (typically 600).
4. Compare the z-score to preset buy and sell thresholds (typically 0.7 and -0.7) to generate trading signals. If z-score > buy threshold, a buy signal is triggered. If z-score < sell threshold, a sell signal is triggered.
RSI with SMA and Bollinger BandsRSI with SMA and Bollinger Bands
The SMA and BB use the RSI as a source. The source of the RSI is selectable.
With the right settings, you can effectively determine the trend phase and trend strength.
I personally use the following settings:
RSI with a 14-period applied to Price Close.
The SMA has a 26-period, and the Bollinger Bands have a period of 50 with a deviation of 2.
Stochastic Trend mtfDefinition
The Stochastic RSI indicator (Stoch RSI) is actually an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means it's an RSI measure relative to its own high/low range over a user-defined time period. Stochastic RSI is an oscillator that calculates a value between 0 and 1 and then plots it as a line. This indicator is primarily used to identify overbought and oversold conditions.
It is important to remember that the Stoch RSI is an indicator of an indicator that is two steps away from the price. The RSI is one step away from the price and therefore a stochastic calculation of the RSI is two steps away. This is important because as with any indicator that is more than one step away from price, the Stoch RSI can be short-term disconnected from actual price action. However, as a range-bound indicator, the Stoch RSI's primary function is to identify cross-bought, overbought and oversold conditions.
Use
When we integrate it into our chart in the upper time frame, it both gives the direction of the trend more healthy and is more efficient in terms of noise reduction in terms of leaving the overbought-sold zones. Unlike the classic stochastic, I set the "d" value to 8. Even though the trend returns are a little late, we see healthier data on our graph. Trend changes in overbought zones are getting stronger. Coloring red indicates that the trend is selling, while painting green indicates that the trend is buying. I hope you find it useful, if you have any questions or suggestions, please feel free to ask.
Good luck...
It is not investment advice.
Machine Learning Momentum Oscillator [ChartPrime]The Machine Learning Momentum Oscillator brings together the K-Nearest Neighbors (KNN) algorithm and the predictive strength of the Tactical Sector Indicator (TSI) Momentum. This unique oscillator not only uses the insights from TSI Momentum but also taps into the power of machine learning therefore being designed to give traders a more comprehensive view of market momentum.
At its core, the Machine Learning Momentum Oscillator blends TSI Momentum with the capabilities of the KNN algorithm. Introducing KNN logic allows for better handling of noise in the data set. The TSI Momentum is known for understanding how strong trends are and which direction they're headed, and now, with the added layer of machine learning, we're able to offer a deeper perspective on market trends. This is a fairly classical when it comes to visuals and trading.
Green bars show the trader when the asset is in an uptrend. On the flip side, red bars mean things are heading down, signaling a bearish movement driven by selling pressure. These color cues make it easier to catch the sentiment and direction of the market in a glance.
Yellow boxes are also displayed by the oscillator. These boxes highlight potential turning points or peaks. When the market comes close to these points, they can provide a heads-up about the possibility of changes in momentum or even a trend reversal, helping a trader make informed choices quickly. These can be looked at as possible reversal areas simply put.
Settings:
Users can adjust the number of neighbours in the KNN algorithm and choose the periods they prefer for analysis. This way, the tool becomes a part of a trader's strategy, adapting to different market conditions as they see fit. Users can also adjust the smoothing used by the oscillator via the smoothing input.
Bitcoin to GOLD [presentTrading]**Introduction and How it is Different**
Unlike traditional indicators, the BTGR offers a unique perspective on market sentiment and asset valuation by juxtaposing two seemingly disparate assets: Bitcoin, the digital gold, and Gold, the traditional store of value. This article introduces an advanced version of this ratio, complete with upper and lower bands calculated using standard deviations. These bands add an extra layer of analytical depth, allowing for more nuanced trading strategies.
BTCUSD 12h bigger picture
**Economic Principles**
The BTGR is rooted in the economic principles of asset valuation and market sentiment. Gold has long been considered a safe haven asset, a place where investors park their money during times of economic uncertainty. Bitcoin, on the other hand, is often viewed as a high-risk, high-reward investment. By comparing the two, the BTGR provides insights into the broader market sentiment.
- Risk Appetite: A high BTGR indicates a bullish sentiment towards riskier assets like Bitcoin.
- Market Uncertainty: A low BTGR suggests a bearish sentiment and a flight to the safety of Gold.
- Asset Diversification: The BTGR can be used as a tool for portfolio diversification, helping investors balance risk and reward.
**How to Use It**
Setting Up the Indicator
- Platform: The indicator is designed for use on TradingView.
- Time Frame: A 480-minute time frame is recommended for more accurate signals.
- Parameters: The moving average is set at 200 periods, and the standard deviation is calculated over the same period.
**Trading Signal**
Long Entry: Consider going long when the BTGR crosses above the upper band.
Short Entry: Consider going short when the BTGR crosses below the lower band.
Note: Due to the issue that the number of trading is less than about 100 times, the corresponding strategy is not allowed to publish.
Philpose's Binary Turbo 1.2Hello there,
I'm thrilled to introduce my very first TradingView indicator - "Philpose's Binary Turbo 1.0." This indicator isn't just another tool; it's my unique take on binary options trading, powered by the Relative Strength Index (RSI).
Differences from Other Indicators:
This indicator is designed for traders who prefer short-term trading, as it uses a 1-minute timeframe.
It assumes that RSI crossovers of overbought and oversold levels can be used to generate binary options signals.
Users should backtest and evaluate the indicator's performance in different market conditions and consider risk management strategies.
Custom Logic: This indicator implements a custom trading logic based on RSI crossovers of overbought and oversold levels. Many indicators on TradingView use standard indicators, but this script incorporates unique logic.
Signal Tracking: It tracks and displays the last buy and sell signals on the chart. This visual representation can be helpful for traders to see when signals were generated.
Streak Tracking: The script keeps track of winning and losing streaks, which can provide traders with insights into their trading performance over time.
Table Summary: It creates a table summarizing various statistics related to the signals generated, such as total signals, wins, losses, and streaks. This tabular representation can be useful for traders to assess the indicator's performance.
How to Use:
To use this indicator effectively, follow these steps:
Add the Indicator: Copy and paste the script into TradingView's Pine Script editor. Then, apply the indicator to the chart.
Customize Parameters: Adjust the RSI parameters (period, overbought, and oversold levels) and the minimum bars between signals according to your trading strategy and preferences.
Interpret Signals: Buy signals are generated when the RSI crosses above the oversold level, and sell signals occur when it crosses below the overbought level.
Analyze Streaks: Keep an eye on the win and loss streaks to assess the indicator's performance and your trading strategy.
Review Table: The table at the top-right corner of the chart provides a summary of important statistics related to signals, wins, losses, and streaks.
Markets and Conditions:
The script can be used in various financial markets, including stocks, forex, commodities, and indices. However, it's important to note that binary options trading has a distinct risk profile and is available on certain platforms. Therefore, you should ensure that your chosen binary options platform supports TradingView indicators and that you understand the specific conditions of binary options trading.
Conditions for Use:
This indicator is designed for traders who prefer short-term trading, as it uses a 1-minute timeframe.
It assumes that RSI crossovers of overbought and oversold levels can be used to generate binary options signals.
Users should backtest and evaluate the indicator's performance in different market conditions and consider risk management strategies.
Please exercise caution when using any trading indicator or strategy, especially in binary options trading, as it involves a high level of risk, and you may lose your entire investment. It's advisable to thoroughly test any strategy on a demo account before trading with real funds and to seek the advice of a qualified financial advisor if you are unsure about your trading decisions.
Zaree - RSI Gradient FillDescription:
The "Zaree - RSI Gradient Fill" (RGF) indicator is a technical analysis tool designed to enhance the interpretation of the Relative Strength Index (RSI) by incorporating visual cues through gradient fill. This indicator aids traders in identifying potential overbought and oversold conditions in the market using the RSI as a key reference.
Details of the Indicator:
The indicator calculates the RSI of a selected source based on user-defined settings for length and source.
Traders have the option to choose from various types of moving averages (SMA, EMA, SMMA, WMA) to calculate the RSI.
RSI values and their corresponding moving average values are plotted on the chart for visual analysis.
The indicator offers customization through input settings for RSI length, RSI source, and moving average type and length.
Upper and lower bands for the RSI are displayed on the chart, providing visual cues for potential overbought and oversold conditions.
A center line is plotted on the chart to help traders identify the equilibrium point of the RSI.
The gradient fill feature enhances the visualization by coloring the space between the RSI plot and the center line based on RSI levels.
How to Use the Indicator:
Specify the RSI length and source for calculation.
Choose the desired moving average type and set the length for the moving average.
Observe the RSI values, moving average lines, and the center line plotted on the chart.
Pay attention to the position of the RSI values relative to the upper and lower bands. Values above the upper band suggest potential overbought conditions, while values below the lower band indicate potential oversold conditions.
Interpret the gradient fill between the RSI plot and the center line. The color changes provide additional visual cues about the RSI's strength compared to the center line.
Example of Usage:
As an experienced swing trader, you can leverage the RGF indicator to fine-tune your trading decisions. Here's an example of how you might use the indicator:
Select your preferred RSI length and source, such as the closing price.
Choose "SMA" as the moving average type and set the length to 14.
Observe the RSI values plotted on the chart along with the upper and lower bands.
Pay special attention to the gradient fill between the RSI plot and the center line. This coloring offers valuable insights into the RSI's position relative to equilibrium.
Look for instances where the RSI values cross above or below the upper and lower bands. These crossings can signal potential trend shifts or reversals.
Use the gradient fill colors to quickly assess the strength of the RSI's deviation from the center line.
Remember that the RGF indicator is a powerful tool to complement your trading strategy. Consider combining its insights with other technical and fundamental analyses for well-informed trading decisions.
Feel free to adjust the indicator settings according to your trading preferences and style. While the RGF indicator provides valuable visual cues, always consider the broader context of the market before making trading choices.
SADROCThe "Smoothed Accumulation/Distribution Rate of Change" (SADROC) indicator draws inspiration from the Chaikin Oscillator's use of accumulation and distribution, formatted in a manner just like the MACD (Moving Average Convergence Divergence) indicator. My goal was to create something with greater speed and accuracy than the classic MACD
Here's a breakdown of its key elements:
Inputs: Users can customize the indicator by specifying the fast length, slow length, and signal length to fit their preferences.
Calculations: The indicator calculates cumulative volume and then computes the Accumulation/Distribution (AD) value based on price and volume data. The SADROC is calculated as the Rate of Change of the exponential moving averages of the price. The difference between these two values is further smoothed to generate the final SADROC value.
Plotting: The indicator plots the SADROC line and a signal line on the chart. Additionally, it includes a histogram that visually represents the difference between SADROC and the signal line.
Zaree - FX Index RSI IndicatorDescription:
The "Zaree - FX Index RSI Indicator" (FIRI) is a technical analysis tool designed to provide insights into the relative strength of two selected currency indices using the Relative Strength Index (RSI). It allows traders to compare the RSI values of a primary currency index and a secondary currency index, helping them identify potential overbought and oversold conditions in the currency market.
Details of the Indicator:
The indicator calculates the RSI for both the primary and secondary currency indices based on the user's selections.
Traders can choose from a variety of currency indices to use as the primary and secondary indices for comparison.
The indicator offers settings for customizing the calculation of the RSI, including selecting the type of moving average (SMA, EMA, WMA, SMMA) and adjusting the length of the RSI and moving average.
Upper and lower RSI bands are displayed on the chart to highlight potential overbought and oversold conditions.
The RSI values and their corresponding moving average values are plotted on the chart, allowing traders to visually analyze the relative strength of the indices.
How to Use the Indicator:
Select the primary and secondary currency indices you want to compare from the provided dropdown menus. These indices will serve as the basis for RSI calculation.
Choose the type of moving average (SMA, EMA, WMA, SMMA) to use for RSI calculation and set the desired length for the moving average.
Decide whether you want to visualize the RSI and moving average values for the primary and secondary indices on the chart.
Observe the RSI values and moving averages plotted on the chart. The indicator's upper and lower bands can help you identify potential overbought (above the upper band) and oversold (below the lower band) conditions.
Pay attention to the intersections between the RSI values and the moving average lines. These intersections can provide insights into potential trend changes or reversals in the currency market.
Example of Usage:
Let's say you're a swing trader focusing on currency pairs involving the US Dollar (USD) and Euro (EUR). You want to compare the relative strength of the USD Index (USDINX) and the EUR Index (EURINX) to identify potential trading opportunities. Here's how you can use the FIRI indicator:
Select "USDINX" as the primary index and "EURINX" as the secondary index.
Choose "SMA" as the moving average type and set the RSI length to 14.
Enable the visualization of RSI values for both the primary and secondary indices.
Observe the chart to identify instances where the RSI values of the indices cross above the upper band (potential overbought) or below the lower band (potential oversold).
Look for intersections between the RSI values and the moving average lines. A bullish signal may occur when the RSI crosses above the moving average, indicating potential upward momentum, while a bearish signal may occur when the RSI crosses below the moving average, indicating potential downward momentum.
Remember that the FIRI indicator is a tool to assist you in your analysis. It's important to consider other technical and fundamental factors before making trading decisions.
Feel free to adjust the settings of the indicator based on your trading preferences and strategy. Keep in mind that no indicator is foolproof, and it's recommended to use the FIRI indicator in conjunction with other analysis techniques for a comprehensive trading approach.
Zaree - FX Index Spread IndicatorDescription:
The "Zaree - FX Index Spread Indicator" (FISI) is a powerful technical analysis tool designed to provide insights into the spread between two selected currency indices. By calculating and visualizing the percentage difference between the values of a primary and a secondary currency index, traders can gain valuable information about potential market dynamics and trends.
Details of the Indicator:
The indicator calculates the spread percentage between a primary and a secondary currency index, allowing traders to understand the relative strength of the two indices.
Traders can choose from a list of currency indices to use as the primary and secondary indices for comparison.
The indicator offers multiple methods for setting thresholds to identify potential trading opportunities, including standard deviations, percentile ranks, historical highs and lows, and fixed thresholds.
Users can customize the length of the calculation period and choose whether to display the primary index, secondary index, and the spread percentage on the chart.
Shaded areas on the chart indicate regions where the spread percentage is above or below predefined thresholds, helping traders identify potential trading signals.
How to Use the Indicator:
Select the primary and secondary currency indices you want to compare from the provided dropdown menus. These indices will be used to calculate the spread percentage.
Choose the method for setting thresholds by selecting one of the options: "Standard Deviations," "Percentile Ranks," "Historical Highs and Lows," or "Fixed Thresholds."
Depending on the selected method, configure the relevant threshold parameters, such as historical threshold percentage, upper and lower fixed thresholds, upper and lower percentile thresholds, or the standard deviation multiplier.
Choose whether to visualize the primary index, secondary index, and spread percentage on the chart by enabling the respective options.
Observe the chart to identify potential trading signals based on the interactions between the spread percentage and the predefined thresholds.
Example of Usage:
Suppose you're interested in trading currency pairs involving the US Dollar (USD) and Euro (EUR), and you want to monitor the spread between the USD Index (USDINX) and the EUR Index (EURINX). Here's how you can use the FISI indicator:
Select "USDINX" as the primary index and "EURINX" as the secondary index.
Choose the method for setting thresholds based on your strategy. For instance, you can select "Standard Deviations" and adjust the standard deviation multiplier.
Enable the visualization of the primary index, secondary index, and spread percentage on the chart.
Observe the shaded areas on the chart. If the spread percentage crosses above the upper threshold, it may indicate a potential market overextension. Conversely, if the spread percentage crosses below the lower threshold, it could suggest an oversold market condition.
Look for instances where the spread percentage approaches or crosses the predefined thresholds. Consider these instances as potential entry or exit points for your trades.
Remember that the FISI indicator is a tool to assist you in your analysis. It's recommended to combine its insights with other technical and fundamental factors before making trading decisions. Adjust the indicator settings and thresholds based on your trading strategy and preferences.
As with any trading tool, practice and observation are key. Over time, you can refine your trading strategy by analyzing historical data and observing how the indicator performs in different market conditions.
Feel free to experiment with different settings and methods to find the configuration that aligns best with your trading style and goals.
Market Health OscillatorDesigned to provide traders with a comprehensive view of the overall health of a market. By combining the rate of change of key indicators, the MHO offers insight into potential shifts in market sentiment.
Components:
Price Rate of Change: The MHO considers the rate of change of the price of an asset over a specified period. This element reflects the momentum of the asset's price movement, aiding in the assessment of potential trend shifts.
Volume Rate of Change: Tracking the rate of change of trading volume provides insights into market participation and interest. Changes in volume can signify shifts in market sentiment and potential trend reversals.
Volatility Rate of Change: The rate of change of volatility, often measured using the Average True Range (ATR), helps gauge the level of uncertainty in the market. An increase in volatility can indicate heightened market activity and potential reversals.
Advance-Decline Line: The MHO takes into account the Advance-Decline Line, which compares the number of advancing stocks to declining stocks. This component offers insights into market breadth and the underlying strength of the current trend.
Calculation and Interpretation:
The MHO aggregates the rate of change of these components and combines them to provide a single oscillator reading. This reading is then normalized to a range between -1 and 1. Positive values suggest bullish market health, while negative values indicate bearish conditions. The oscillator's extremes, coupled with divergence patterns, can signal potential market turning points.
Application:
Identify potential trend reversals or corrections by watching for extreme MHO readings.
Assess the overall health of a market by observing the general direction and amplitude of the oscillator.
Look for divergences between price and the MHO for insights into potential shifts in market sentiment.
This was inspired to offer a holistic perspective on market dynamics. By encompassing price, volume, volatility, and breadth factors, the MHO assists in a comprehensive assessment of market health.
Multiple Ticker Stochastic RSIThe Stochastic RSI is a technical indicator ranging between 0 and 100, based on applying the Stochastic oscillator formula to a set of relative strength index (RSI). Unlike the original Stochastic RSI indicator, this allows you to define up to two additional tickers for which all three will be averaged and outputted visually looking like a standard Stochastic RSI indicator. Potential buy and sell visuals are included, as well as alerts. Please note that this indicator is not meant to be used by itself.
RelativeVolatilityIndicator with Trend FilterGuide to the Relative Volatility Indicator with Trend Filter (RVI_TF)
Introduction
The Relative Volatility Indicator with Trend Filter (RVI_TF) aims to provide traders with a comprehensive tool to analyze market volatility and trend direction. This unique indicator combines volatility ratio calculations with a trend filter to help you make more informed trading decisions.
Key Components
Scaled Volatility Ratio: This measures the current market volatility relative to historical volatility and scales the values for better visualization.
Fast and Slow Moving Averages for Volatility: These provide a smoothed representation of the scaled volatility ratio, making it easier to spot trends in market volatility.
Trend Filter: An additional line representing a long-term Simple Moving Average (SMA) to help you identify the prevailing market trend.
User Inputs
Short and Long ATR Period: These allow you to define the length for calculating the Average True Range (ATR), used in the volatility ratio.
Short and Long StdDev Period: Periods for short-term and long-term standard deviation calculations.
Min and Max Volatility Ratio for Scaling: Scale the volatility ratio between these min and max values.
Fast and Slow SMA Period for Volatility Ratio: Periods for the fast and slow Simple Moving Averages of the scaled volatility ratio.
Trend Filter Period: Period for the long-term SMA, used in the trend filter.
Show Trend Filter: Toggle to show/hide the trend filter line.
Trend Filter Opacity: Adjust the opacity of the trend filter line.
Visual Components
Histogram: The scaled volatility ratio is displayed as a histogram. It changes color based on the ratio value.
Fast and Slow Moving Averages: These are plotted over the histogram for additional context.
Trend Filter Line: Shown when the corresponding toggle is enabled, this line gives an indication of the general market trend.
How to Use
Volatility Analysis: Look for divergences between the fast and slow MAs of the scaled volatility ratio. It can signal potential reversals or continuation of trends.
Trend Confirmation: Use the Trend Filter line to confirm the direction of the current trend.
Conclusion
The RVI_TF is a multi-faceted indicator designed for traders who seek to integrate both volatility and trend analysis into their trading strategies. By providing a clearer understanding of market conditions, this indicator can be a valuable asset in a trader's toolkit.
Blackrock Spot ETF Premium BTCUSD (COINBASE) V1I created an indicator that takes the spot BTC/USD pair from major exchanges and compares it to the Spot BTC/USD pair on Coinbase that institutions will use for their Spot ETFs.
Blackrock Spot ETF Premium BTCUSD (COINBASE)
I suspect we will see a new "Kimchi Premium" where the Spot ETF pressures from institutions will raise the Coinbase Bitcoin price by a factor of 10-50% premium to the other exchanges.
Naturally excess coins from other exchanges will flow into Coinbase to capture this.
This indicator should be good for some time until one of the other exchanges delist or stop using BTCUSD "spot" If it breaks it I will update it if I remember.
FederalXBT,
