The Urika Directional Strength (UDS) indicator calculates and visualizes the strength of the directional trend in the price data. It helps traders see the strength and direction of the trend and allows them to make informed trading decisions based on trend changes. Calculation: The Simple Moving Average is used to determine the upper and lower directional...
🔵 Introduction Sometimes in analyzing price charts using indicators, you may observe a discrepancy. For instance, while the price of stocks, currencies, or commodities is increasing, the indicator shows a decrease. Such a phenomenon in technical analysis is termed "divergence." Divergences are categorized into three types based on their formation and the...
DSP FILTRATION PRIMER: DSP (Digital Signal Processing) filtration plays a critical role with financial indication analysis, involving the application of digital filters to extract actionable insights from data. Its primary trading purpose is to distinguish and isolate relevant signals separate from market noise, allowing traders to enhance focus on underlying...
This indicator calculates and visualizes the Relative Smoothness (RS) and Relative Lag (RL) or call it accuracy of a selected moving average (MA) in comparison to the SMA of length 2 (the lowest possible length for a moving average and also the one closest to the price). Median RS (Relative Smoothness): Interpretation: The median RS represents the median value...
1 Day Timeframe Only The Bitcoin Pi Cycle Top Indicator has garnered attention for its historical effectiveness in identifying the timing of Bitcoin's market cycle peaks with remarkable precision, typically within a margin of 3 days. It utilizes a specific combination of moving averages—the 111-day moving average and a 2x multiple of the 350-day moving...
Hello Fellas, Here, I applied a special technique of John F. Ehlers to make lagging indicators leading. The T3 itself is usually not realling the classic lagging indicator, so it is not really needed, but I still publish this indicator to demonstrate this technique of Ehlers applied on a simple indicator. The indicator does not repaint. In the following picture...
Introducing the "Normal Weighted Average Price" (NWAP) by OmegaTools. This innovative script refines the traditional concept of VWAP by eliminating volume from the equation, offering a unique perspective on price movements and market trends. The NWAP script is meticulously crafted to provide traders with a straightforward yet powerful tool for analyzing price...
Introduction This indicator creates signals of interest for entering and exiting long and short positions on equities. It primarily uses up and down trends defined by the change in cumulative volume with some filtering provided by a short period exponential moving average (9 EMA by default). Settings Moving Average Period : The moving average over which...
This is an improved version of the trend following Williams Alligator, through the use of five Trend Regularity Adaptive Moving Averages (TRAMA) instead of three smoothed averages (SMMA). This indicator can double as a TRAMA Ribbon indicator by reducing the offset to zero. Whereas the active offset can double as a forecasting indicator for options and futures. ...
Pi-cycle Top Risk (PCTR) - The PCTR indicator uses divergence of the Pi-cycle top indicator display the risk that a macro top in Bitcoin (BTC) is near. The Pi-cycle top indicator is simply the cross of the 111-day moving average above a 2x multiple of the 350-day moving average of the BTC price. While there is no fundamental reasoning behind why this works, it has...
The indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect...
This strategy is designed for traders seeking a trend-following system with a focus on precision and adaptability. **Core Strategy Concept** The essence of this strategy lies in use of Exponential Moving Averages (EMAs) to identify potential long (buy) positions based on the relative positions of short-term, medium-term, and long-term EMAs. The use of EMAs is...
Why? Everybody, especially in Indian context, from 9:15 AM to 3:30 PM, wants to trade in BankNifty. And even 15m is Too Big timeframe for The Great Indian Options buyers. Everyone knows how potentially BankNifty (& FinNifty on Tuesday and Sensex on Friday) can show dance within 15m. So there always been an overarching longing among traders to have...
The triple MA strategy is a simple but effective method to trade the trend. The advantage of this script over the existing triple MA strategies is that the user can open a lower time frame chart and select higher time frame inputs for different MA types mainting the visibility on the chart. The dynamic smoothing code makes sure the HTF trendlines are not jagged,...
Fusion Traders - RSI Overbought/Oversold + Divergence Indicator - new version This indicator has lots of various add ons. RSI overbought / oversold with changeable inputs Divergence indicator DESCRIPTION: This script combines the Relative Strength Index ( RSI ), Moving Average and Divergence indicator to make a better decision when to enter or exit a trade. -...
This indicator combines elements of price action, volume, and open interest to provide insights into market strength and potential trend reversals. This script calculates the Herrick Payoff Index (HPI) based on a modified formula that incorporates volume and open interest adjustments. The HPI is derived from comparing the current day's mean price to the previous...
This Indicator calculates the Average Directional Index (ADX), a popular indicator used to quantify the strength of a trend. Additionally, it computes the Positive Directional Index (+DI) and Negative Directional Index (-DI), which measure the strength of upward and downward price movements respectively. What sets this script apart is its enhanced ADX...