Stochastic RSMFI RibbonFor those of you who like to use the StochasticRSI, this indicator adds a StochasticMFI (Money Flow) into the mix, making it volume weighted.
The red signal line is the StochasticRSI and StochasticMFI averaged together.
The green and yellow ribbon is the two plot lines filled in and coloured depending on which is greater (RSI or MFI).
// Created 2018 - by @Squiggles#8806
// LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w
Comparazione Forza Relativa
Mansfield Relative Strength Multi TrendThis indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the settings if you want.
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'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
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Please always remember, there is no holy grail indicator!
Mansfield Relative Strength Trend'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500).
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
Default index is S&P 500, but you can change the index in the settings if you want.
Please always remember, there is no holy grail indicator!
Currency StrengthRepublished: The original script violated house rules by including an external link to Backtest Rookies.
Background
The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any instrument as an input. This means you can use multiple instances to track various currency strengths. It was designed with the major pairs in mind but there is no reason why it cannot be used for other FX pairs.
Note: The indicator defaults to GBP. When setting it up for other currencies, be sure to flag whether the currency is a counter currency or not.
The code is provided free and open source. Please modify it as you see fit.
Screenshots
Defaults with Annotation
Yen strength beating pound strength
Opposing Trends
Power Bars This is the latest and greatest of technical analysis .
Values for your favourite indicators can easily be changed to customise your strategy.
When an indicator becomes bullish or bearish , a notification appears on the bar.
When all indicators align, Power Bars show up. Red Power Bars are bearish , blue Power Bars are bullish.
This is what the bars look like close-up.
