Standard Deviation Histogram (SDH)This script tells you what standard deviation the price is from the mean. Due to the limitations of the calculations this study only works for stocks. Further limitations include and inability to calculate past 10 deviation. I have added a smoothing feature and the ability to change the colors. Dont be afraid to change the style to line instead of a histogram. Enjoy!
M-oscillator
two_leg_spread_diffThis script helps you discern the relative change of each leg in a two-legged spread over a given period. The main plot is a difference in log return over the number of bars identified by the "lag" parameter. E.g. if "lag" is 10 and leg one has increased 3% over the past ten bars, while leg two has only increased 1%, the plot value is 2%. The main plot is also colored blue when leg one increases while leg two decreases on a given bar, and red if the opposite is true. This feature identifies periods where the correlation between the two legs diminishes. The one and two standard deviation of the main plot is also plotted in faint background lines. Additionally, a table indicates the percentage in which the main plot is within one standard deviation (acc 1) and two standard deviations (acc 2). Note that the standard deviation updates on each bar, so the current standard deviation is not the one used to calculate the accuracy. Rather, if there are N bars, N different standard deviation readings have been used to compute the accuracy statistics.
The inputs are:
- timeframe: the timeframe of the chart
- leg1_sym: the symbol of the first leg
- leg2_sym: the symbol of the second leg
- lag: the number of bars back to reference for computing the log return of each leg
- anchor_to_session_start: for intraday charts only, this overwrites the "lag" input so that the "lag" always sets the point of comparison to the session start. This setting is used to compute the relative change over a single session.
RSI Reborn [New Formula]A unique non-standard RSI formula with my extensions.
The indicator is displayed without delays and repaints, immediately after the close of the candle.
This formula allows me to correctly include the moving average in the calculation. The calculation allows me to display RSI with any type of MA.
By default I use EMA, with this type of MA my RSI is not visually different from a regular RSI.
I have 11 types of RSI to choose from:
'EMA'
'ALMA'
'RMF'
'TilsonT3'
'ARSI'
'RMA'
'SMA'
'VWMA'
'WMA'
'WWMA'
'ZEMA'
You also have a choice of RSI display:
As candlesticks and as a simple line.
You can adjust the colors in the Style tab.
When you select 'Candles' type, you can make the wicks transparent if they bother you.
I also added a source selection. By default, any RSI uses the Close source.
But you can choose any of 15:
VWAP, Close, Open, HL2, HLC3, OHLC4, Volume, High, Low, vwap(Close), vwap(Open), vwap(High), vwap(Low), AVG(vwap(H,L)), AVG(vwap(O,C)).
Additional extensions:
Additional RSI added.
By default, the extra RSI is twice as long as the regular RSI. Despite the value of 14. The "Multiple of Current TF" function allows calling RSI from a timeframe twice as long as the current one, if it is equal to 2. If it is equal to 3, then it will be 3 times longer than the current timeframe. And so on.
An additional moving average has been added.
You can use it as an ordinary additional line. Or leave it as Cloud by default.
A unique oversold/oversold formula in the form of small red/green dots has been added.
Bolinger Bands feature has also been added.
YanilFXYanilFX is an indicator that makes everything easier for you when making a decision on a trade, whether it is a Long or a Short in any temporality of your preference.
Volume Oscillator RefurbishedThis is an experimental version of Volume Oscillator.
For more information about Volume Oscillator, please access the link below:
www.tradingview.com
Objective
The script presented here provides some improvements over the original indicator, namely:
Show multiple moving averages;
Color the bars according to the direction of the averages;
Color the bars when reaching predefined limits.
Below is the print comparing with the original indicator:
Thanks and credits:
Volume Oscillator: TradingView
Moving Averages: PineCoders, CrackingCryptocurrency, MightyZinger, Alex Orekhov (everget), alexgrover, paragjyoti2012, Franklin Moormann (cheatcountry)
Trendmaster - Crypto Miner Confidence MetricWhat it is:
The Crypto Miner Confidence Metric analyses a handful of highly utilized Crypto networks to gain insight into the potential sentiment amongst those securing them and more specifically Crypto miners.
What it does:
It takes into account the overall trend in the increase or decrease of current computational power securing the networks, otherwise known as the hashrate - as well as the overall network inflows/outflows and holdings of those miners.
How to use it:
Using this data we can conclude whether their stance is currently Bullish or Bearish, with a value of 100 indicating an extremely positive future outlook from miners and a value of 0 representing a severe lack of confidence. Changes or pivots in the direction of miner confidence can indicate a shift in their Bullish or Bearish stance.
Buying & Selling PressureBuying and selling pressure is a volatility indicator which denotes the balance between buyers and sellers inside candlestick.
You set the length to average it just like ATR. But This offers further break down of participants of the market.
Pretty much at any condition of the market the indicator can filter out interesting details to make trading decisions faster or confirm them.
So keep it simple we have two lines
🟢 Green → buying pressure
🔴 Red → selling pressure
If green is rising → Price most likely will grow
If green is rising and red is falling → Price will grow at higher probability
If red is rising → Price most likely will fall
If red is rising and green is falling → Price will fall at higher probability
When they both grow or fall → wait till one of them goes opposite way.
╳ Crossings can indicate turning points for bigger price swings.
Technically by very act of intersecting means that Buying and Selling Pressure are equal.
Can be used for Demand/Supply analysis and evaluate the support/resistance levels.
TMO ArrowsTMO - (T)rue (M)omentum (O)scillator) MTF Arrows
Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows.
There are Four Types of Arrows:
1. TMO Arrow Up - Visualizes the TMO bullish crosses.
2. TMO Arrow Down - Visualizes the TMO bearish crosses.
3. TMO Arrow Up (Oversolds Only) - Visualizes only the bullish crosses that are at or below the oversold zone.
4. TMO Arrow Down (Overboughts Only) - Visualizes only the bearish crosses that are at or above the overbought zone.
In case you only want the arrows for extremes, turn off the Arrow Up / Arrow Down first. Arrows for extremes only are turned off by default.
Hope it helps.
MFI + Realtime DivergencesMoney Flow Index (MFI) + Realtime Divergences + Alerts
This version of the MFI indicator adds the following 5 additional features to the stock MFI:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback 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.
- Background colouring option to indicate when the MFI oscillator has crossed above or below its centerline, or optionally when both the MFI has crossed its centerline and an external oscillator, which can be linked via the settings, has also crossed its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
This indicator adds additional features onto the standard MFI , whose core calculations remain unchanged. Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the TSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
What is the Money Flow Index ( MFI )?
Investopedia describes the True Strength Indicator as follows:
“The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI .”
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.
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.
Configurable pivot periods.
You can adjust the default pivot periods 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.
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.
Disclaimer: This script includes code from the stock MFI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
MTF Stoch RSI + Realtime DivergencesMulti-timeframe Stochastic RSI + Realtime Divergences + Alerts + Pivot lookback periods.
This version of the Stochastic RSI adds the following additional features to the stock UO by Tradingview:
- Optional 3 x Multiple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought (>80) or all oversold (<20) at the same time, with alert option.
- Optional divergence lines drawn directly onto the oscillator in realtime, with alert options.
- Configurable lookback 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.
- Indications where the Stoch RSI is crossing down from above the overbought threshold (<80) and crossing above the oversold threshold (>20) levels on a given user selected timeframe, by printing gold dots on the indicator.
- Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, and source type (close, hl2, etc)
While this version of the Stochastic RSI has the ability to draw divergences in realtime along with related settings and 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 multiple-timeframe overbought and oversold confluence signals and alerts, 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 on lower timeframes, typically between 1-15 minutes. 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 1 minute, 5 minute, and 15 minute timeframes, ideal for scalping the < 15 minute charts.
The Stochastic RSI
The popular oscillator has been described as follows:
“The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.”
How do traders use overbought and oversold levels in their trading?
The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI 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 Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
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.
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 lookback values.
You can adjust the default pivot lookback 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.
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.
Disclaimer: This script includes code from the stock UO by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
Fourier Spectrometer of Price w/ Extrapolation Forecast [Loxx]Fourier Spectrometer of Price w/ Extrapolation Forecast is a forecasting indicator that forecasts the sinusoidal frequency of input price. This method uses Linear Regression with a Fast Fourier Transform function for the forecast and is different from previous forecasting methods I've posted. Dotted lines are the forecast frequencies. You can change the UI colors and line widths. This comes with 8 frequencies out of the box. Instead of drawing sinusoidal manually on your charts, you can use this instead. This will render better results than eyeballing the Sine Wave that folks use for trading. this is the real math that automates that process.
Each signal line can be shown as a linear superposition of periodic (sinusoidal) components with different periods (frequencies) and amplitudes. Roughly, the indicator shows those components. It strongly depends on the probing window and changes (recalculates) after each tick; e.g., you can see the set of frequencies showing whether the signal is fast or slow-changing, etc. Sometimes only a small number of leading / strongest components (e.g., 3) can extrapolate the signal quite well.
Related Indicators
Fourier Extrapolator of 'Caterpillar' SSA of Price
Real-Fast Fourier Transform of Price w/ Linear Regression
Fourier Extrapolator of Price w/ Projection Forecast
Itakura-Saito Autoregressive Extrapolation of Price
Helme-Nikias Weighted Burg AR-SE Extra. of Price
***The period parameter doesn't correspond to how many bars back the drawing begins. Lines re rendered according to skipping mechanism due to TradingView limitations.
Gaussian Average Convergence DivergenceWhat exactly is the Ehlers Gaussian filter?
This filter is useful for smoothing. It rejects higher frequencies (fast movements) more effectively than an EMA and has less lag. John F. Ehlers published it in "Rocket Science For Traders." Dr. René Koch was the first to implement it in Wealth-Lab.
The transfer response of a Gaussian filter is described by the well-known Gaussian bell-shaped curve. Only the upper half of the curve describes the filter in the case of low-pass filters. The use of gaussian filters is a step toward achieving the dual goals of lowering lag and lowering the lag of high-frequency components relative to lower-frequency components.
From Ehlers Book: "The first objective of using smoothers is to eliminate or reduce the undesired high-frequency components in the price data. Therefore these smoothers are called low-pass filters, and they all work by some form of averaging. Butterworth low-pass filters can do this job, but nothing comes for free. A higher degree of filtering is necessarily accompanied by a larger amount of lag. We have come to see that is a fact of life."
References John F. Ehlers: "Rocket Science For Traders, Digital Signal Processing Applications", Chapter 15: "Infinite Impulse Response Filters"
Trendmaster - Crypto Social Sentiment OscillatorWhat it is:
The Crypto Social Sentiment Oscillator looks at several social metrics for both Bitcoin and Ethereum more deeply than a simple Fear and Greed Indicator,
to produce a general market sentiment for cryptocurrency.
What it does:
Social Sentiment tries to gain insight into the current retail opinion and mindset on the Crypto sector.
Analyzing multiple social networks and the positive/negative posts and engagement throughout,
we can establish a broad overview of the underlying emotion in reaction and anticipation of price movement.
How to use it:
A value of 100 can indicate extreme market greed, with 0 indicating extreme fear.
Generally, the more Greedy a market is, the more it is punished to the downside.
The more Fearful a market is, the more it is surprised by the upside.
Annualizer: New Indicator + CPI AnalysisThis indicator calculates the annualized month-over-month percent change of a cumulative index and plots it alongside the year-over-year percent change for comparison. It was developed for the purpose of analyzing the inflation rate of CPI indexes such as “CPIAUCSL.” It can also be used on M2 money supply and pretty much any cumulative index. It will not produce useful outputs on percent change indexes such as “USCCPI” because it performs percent change calculations which are already applied to those indexes.
This indicator takes data from the monthly chart, regardless of how often the data is reported or what the timeframe of the current chart is. Doing so allows it to work on all timeframes while displaying only monthly data outputs but limits it from recognizing data which might be released more often than once per month. This limitation should be suitable for macroeconomic data such as CPI and M2 money supply which are usually analyzed on a month-to-month basis.
If the ticker symbol is "M2SL" which is M2 money supply, annualized percent change is plotted in green, otherwise, it’s plotted in blue.
CPI analysis:
Upon deploying this indicator, it was observed that the year-over-year (YoY) inflation rate (red) is a lagging indicator of the annualized month-over-month (MoM) inflation rate (blue) and that it appears to almost be a moving average of it. A moving average plot was temporarily added for comparison to the YoY and it was found that the difference between the two plots is negligible and that for the purposes of high-level analysis of inflation, the two plots can be considered to be no different from one another. Below is a screenshot for demonstration. Notice how closely the white 12-month SMA of the annualized rate tracks the YoY rate.
For other indexes which may see more dramatic changes month-over-month such as M2 money supply, the difference between the two signals becomes more pronounced but they are still comparable. The conclusion is that the YoY inflation rate can be considered to be a 12-month simple moving average of the annualized MoM rate.
12-month SMA:
It’s easy to see and stands to reason that if the annualized MoM inflation rate (blue) remains where it has been for the previous 2 months YoY inflation (red) will begin falling and eventually reach similar levels due to its moving-average-like behavior. This will bring us back to the 2% YoY inflation target of the Fed within no more than 10 months. There may be a perception that deflation is required to bring prices back down to the purple channel of CPI to make prices pre-Covid "normal" again. We were headed in that direction in July with a slightly negative MoM CPI read. What may have freaked investors out about the August report (most recent as of this writing) is that the inflation rate, rather than continuing into negative deflationary territory, has bounced back into positive territory.
M2 money supply isn’t an integral part of this analysis, but it helps demonstrate the indicator. It can be observed that CPI growth lags M2 money supply growth which seems to have leveled off.
I’m not a macroeconomist so I’m probably missing some things, but I do not see a lagging indicator such as YoY inflation being at 8.25% while annualized MoM inflation is at 1.42% as something to freak out about as investors have seemingly done. I’m a stock market bear as of last week, but I do not feel this CPI analysis strongly supports a bearish thesis, nor is it bullish. Next month’s annualized MoM % change may begin to sway me one way or the other depending on what this chart looks like when it’s updated.
DMI Stochastic Momentum IndexConcepts
This is an improved version of the "DMI Stochastic Extreme Refurbished" indicator.
For more information on the main concepts of this indicator, please access this link:
The difference is that here, instead of using the traditional stochastic oscillator, I implemented the use of the Stochastic Momentum Index (SMI).
Stochastic Momentum Index (SMI)
The SMI is considered a refinement of the stochastic oscillator.
It calculates the distance of the current closing price as it relates to the median of the high/low range of price.
William Blau developed the SMI, which attempts to provide a more reliable indicator, less subject to false swings.
The original stochastic is limited to values from 0 to 100, while the SMI varies between the range of -100 to 100.
(Investopedia)
It is worth mentioning that the SMI presented in this script applies to the DMI value, not the screen price.
RSI + Moving AverageSimple regular RSI Indicator that plots a Moving Average (Hull, SMA, EMA, RMA, etc) that you specify the MA and length.
Contains Over Bought and Over Sold areas that you can customize color and zone.
Plots signals of the RSI crossing up over the over sold area or down below the over bought area.
Plots crosses of the RSI crossing the Moving Average.
Free Volume RSIdear fellows,
this indicator is a mod or tweak on the standard RSI here available.
the original RSI formula is, as you know,
100 - 100/(1+RS)
which equals to
100 * RS/(1+RS)
where
the 100 factor is merely a scale adjustment to 100's percent basis
the RS is the ratio between average gain and average loss within the last N candles.
thus, the absolute gain of the up candles within the last N candles window is averaged; same for absolute loss.
this averaging uses EMA.
the ratio between this averages is RS.
the RS ranges from 0 to infinity, thus the ratio RS/(1+RS) locks it between 0 and 1.
in regard of our changes
we use VWMA instead of EMA
we plot the resulting RS directly, instead of its smooth version RS/(1+RS)
we dismiss the 100 factor.
we specify logarithmic scale for the resulting plot
on the justifications of our changes
by using VWMA instead of EMA we get both a more dynamic averaging (WMA is faster) as well as a de facto strength of the price action, since now volume is considered alongside the price change. this way one can quantify accumulation and distribution intensities.
to anyone who ever was restricted against his will over a sufficiently large period of time on his freedom to move, would understand that an unrestricted indicator conveys better its info.
as we're dealing with ratios, the distance between 1 and 2 is the same between 1 and 0.5; thus, a log scale is specified for reading this indicator without distortions.
on how to use this indicators
this is still an early result, hence it lacks more testing.
so far, when it's oversold, buy; and vice versa.
best regards.
BUY/SELL arvwis STORMASBuy/sell indikatorius, geriausia naudoti ant didesnių timefreimų, bet tinka ir ant mažesnių
Market Signals ComplexMIC is an indicator made from some standard deviations of Bollinger Bands, an EMA ribbon, some oscillators like the RSI, and some candlestick patterns like Bearish and Bullish Engulfing candles. It uses these parameters to help you trade/find high-interest zones in the short time as well as the long term. It can be used in any market.
Better DiNapoli Stoch oscillator with buy/sell signals and alertThis version of Joe DiNapoli stochastic oscillator uses only one line for a better overview. Signals are displayed as soon as the line exceeds or falls below the center line. Also the candle color changes with this signal.
Alarms can also be set for these signals.
As long as the current candle is not closed, the line is displayed in yellow.
The following settings can be made:
- Lockback periode for highest high and lowest low
- Smoothing
- Candle Color
- Stochastic line color
This indicator works well with indicators such as EMA or others.
Have fun using it.
Scalper RibbonThis Scalper Ribbon is a combination of 6 different oscillators with a sprinkle of secret sauce . It’s smoothed out so it’s easy to read, but is quick enough to catch reversals early and helps you spot divergences. It will turn green or red according to the bullish or bearish nature of the ticker you are viewing without all of the noise that most oscillators give you.
It combines price action, momentum, rsi and a few other oscillators together to give an overall trend strength line that is smoothed out and coupled with a moving average to make it less noisy. Use it as an identifier of the underlying trend so you can make better decisions on scalp trades as well as swing trades on longer timeframes. Wait for the ribbon to break out/down from the middle blue range to avoid chop and get in when price is actually moving.
***HOW TO USE***
Find tops and bottoms of the market by looking for reversals in the ribbon when it is either very high or very low. The white line is the midline and the ribbon is overall bullish when above the midline and overall bearish when below the midline. There are also two blue lines just above and below the midline that is a buffer area I like to call the neutral range. When the ribbon is in the neutral range, expect indecision in the market and look for the ribbon to break out or down from that range for continuation of a trend. The farther away from the neutral range the ribbon is, the stronger the trend is. Take a look at how it performs across multiple timeframes and tickers and get a feel for it before using it in your strategy. It will help you spot reversals early and show you hidden divergences in price action before the reversals happen.
***CUSTOMIZATION***
You can adjust the length of the oscillators and the moving average ribbon to be faster or slower to suit your preferences. The lower the number used, the faster it will detect changes, but the more noise it will have. The higher the number used, the slower it will detect changes, but there will be less noise and easier to follow.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This Scalper Ribbon indicator can be used on all timeframes.