Paranoia IndicatorThe Paranoia Indicator is a technical analysis tool that combines three popular indicators: Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic. The Paranoia Indicator formula is calculated by taking a weighted average of the three indicators, with the weights being 23.6%, 61.8%, and 14.6%, respectively.
The Paranoia Indicator is used to identify potential trend reversals and overbought/oversold conditions in the market. When the indicator is above zero, it is considered bullish, and when it is below zero, it is considered bearish. The Paranoia Indicator also has extreme bands that help to identify when the market is overbought or oversold.
Traders can use the Paranoia Indicator in conjunction with other technical analysis tools to confirm trading signals and make more informed trading decisions. The Paranoia Indicator is suitable for all types of markets, including stocks, forex, and commodities, and can be applied to any time frame.
Overall, the Paranoia Indicator is a useful tool for traders looking to identify potential trend reversals and overbought/oversold conditions in the market.
Cerca negli script per "Relative Strength Index (RSI) "
Weighted Moving Average Indicator (WMAI) with Std DevThe updated Weighted Moving Average Indicator with Standard Deviation (WMAI_SD) now includes the central line, which is the weighted moving average, along with 3 lines above and 3 lines below the central line that represent different levels of standard deviation. This combination can be used to identify trends, potential entry and exit points, support and resistance levels, and to gauge the volatility of the asset. Here's how to use this updated indicator:
Identifying trends: The central line (Weighted Moving Average) can be used to identify trends. When the line is moving upwards, it signals a bullish trend, and when it's moving downwards, it signals a bearish trend. A flat central line suggests a sideways or consolidating market.
Potential entry and exit points: You can use the crossing of the price with the central line to identify potential entry and exit points for trades. When the price crosses above the central line, it might be considered a buy signal. Conversely, when the price crosses below the central line, it might be considered a sell signal. Keep in mind that the WMAI_SD is not foolproof and should be used in conjunction with other technical analysis tools and techniques to increase the chances of successful trades.
Support and resistance levels: The central line, along with the standard deviation lines, can act as dynamic support and resistance levels. When the price is above the central line, the line can act as support. Conversely, when the price is below the central line, it can act as resistance. The standard deviation lines can also serve as additional support and resistance levels, with the lines closer to the central line being less significant than the ones further away.
Gauging volatility: The distance between the standard deviation lines can give you an idea of the asset's volatility. When the distance between the lines is wide, it indicates higher volatility, while a narrower distance indicates lower volatility. An increase in volatility could signal a strong trend or a potential trend reversal, whereas low volatility might suggest a lack of conviction in the current trend.
Confirming signals from other indicators: You can use the WMAI_SD to confirm signals from other technical analysis tools. For instance, if you use a momentum oscillator like the Relative Strength Index (RSI) to identify overbought or oversold conditions, you can look for confluence with the WMAI_SD central line and standard deviation lines.
Adaptive Parabolic SAR (PSAR) [Loxx]Adaptive Parabolic SAR (PSAR) is an advanced Parabolic SAR with adaptive adjustments using either a Kaufman or an Ehlers smoothing algorithms.
What is the Parabolic SAR?
The parabolic SAR attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. In this article, we'll look at the basics of this indicator and show you how you can incorporate it into your trading strategy. We'll also look at some of the drawbacks of the indicator.
The parabolic SAR is a technical indicator used to determine the price direction of an asset, as well as draw attention to when the price direction is changing. Sometimes known as the "stop and reversal system," the parabolic SAR was developed by J. Welles Wilder Jr., creator of the relative strength index (RSI).1
On a chart, the indicator appears as a series of dots placed either above or below the price bars. A dot below the price is deemed to be a bullish signal. Conversely, a dot above the price is used to illustrate that the bears are in control and that the momentum is likely to remain downward. When the dots flip, it indicates that a potential change in price direction is under way. For example, if the dots are above the price, when they flip below the price, it could signal a further rise in price.
Additional Options
Toggle signals on/off
HiLo mode
Kaufman adaptive, Ehlers adaptive, or non adaptive
Filter by Pips
Minimum Change by Pips
Color bars
Enjoy!
Accumulation/Distribution %This script takes the signal from the Accumulation Distribution indicator invented by Larry Williams and normalizes it such that it becomes an oscillator about a zero line as described by John Bollinger in his book Bollinger on Bollinger Bands . The purpose of the indicator is to serve as a volume-based confirmation of signals given by other indicators, typically Bollinger Bands paired with a momentum indicator . In the example shown, Bollinger Bands are paired with Bollinger Bands %B and the Bollinger Bands %B indicator is interpreted similar to the Relative Strength Index ( RSI ) which is a momentum indicator .
The AD% indicator is colorized such that positive readings are green and negative readings are red. The readings become darker when approaching the zero line. The colorization is also displayed on the price chart. The chart type needs to be set to "bars" for price colorization to work properly.
The formula for this indicator is presented in the John Bollinger book as follows:
10-day sum of /10-sum of volume
How to use (my take on a strategy from the book):
1. Look for %B readings that are oversold or overbought (less than 0.00 or greater than 1.00)
2. Check for bearish divergence or bullish convergence of price and %B as shown on the chart
3. Verify divergence or convergence with AD%
4. Note previous trending/crossover behavior of AD% and %B and compare to situation being analyzed
5. A conservative trader may consider buying/selling on a close beyond the 20-day moving average and an AD% zero line crossover (color change)
6. An aggressive trader may consider buying/selling on a color change alone, on a breakdown of %B, or some other signal(s).
Securities behave differently from one another and this strategy doesn't work for all of them. As with any strategy, check past performance to make sure this approach is a good fit. Bandwidth ( volatility ) squeeze is another strategy which seems to work well for this security. For that reason, it was used to demonstrate buy signals, but squeezes aren't always so predictable. AD% may be useful for determining which direction a squeeze will resolve itself, as was the case here. Further information on volatility squeeze trading can be found in the John Bollinger book Bollinger on Bollinger Bands or online.
The default TradingView Accumulation Distribution indicator does not incorporate opening price. The formula used for this indicator does, so there are multiple versions of the A/D formula.
Despite the buy signal indicated, I'm not going long Hecla Mining here and I don't recommend it. I'd need to do further DD before doing so.
Please feel free to ask questions.
Momentum Trading By Mahfuz AzimA following indicator is Momentum Trading that uses fast QQE crosses with Moving Averages
Use for trend direction filtering. QQE or Qualitative Quantitative Estimation is based
Relative strength index (RSI), but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default)
[PX] MTF OverviewHello everyone,
the new table-functions came out, so I wanted to give it a try. With this indicator you can get an overview for your chart by looking at multiple timeframes and different type of indicators for each timeframe.
How does it work?
The indicator uses 3 different timeframes, which you can select in the settings-tab. For each timeframe it will look at the following indicators:
- Volume for the Volume column
- Relative Strength Index (RSI) for the Momentum column
- Average True Range (ATR) for the Volatility column
- Parabolic SAR (PSAR) for the Trend column
Increasing values will be shown in green, decreasing values in red. For the trend it prints a nice little symbol. I'm planning to add more indicators for each indicator category, so that you can choose, which indicators you want to use.
Hope that might be useful to some of you :)
Please click the "Like"-button and follow me for future open-source script publications.
If you are looking for help with your custom PineScript development, don't hesitate to contact me directly here on Tradingview or through the link in my signature :)
[M2J] Indicator | MCDXMCDX is an indicator based on mutilple relative strength index (RSI) with different period, then classify into 3 categories - Retailer, Hot Money and Banker
- Green - Retailer
- Yellow - Hot money
- Red - Banker
the higher and many reds are more preferable
ATA v4 StrategyAta strategy is include 3 different time frame = MTF
2 different moving average =MA
Oversold/overbought for relative strength index =RSI
Strategy exit for trailing stop loss %2 =TSL
MTF like 1 day, 4h and 5 min, between 2 moving averages like fibo numbers 21 and 34. Also strategy test for oversold up to 60 and overbought under the 25 with RSI. Stratefy exit include trailing stop loss %2 persantage for max. gain. It was created by XMAXPRO. This system is open to development.
Daily ATR%If You are using a percentage of the Daily Average True Range in determining your stop placement,
this quick indicator is for You.
excerpt from investopedia.com/articles/trading/06/stopplacement.asp
ATR % Stop Method
The ATR% stop method can be used by any type of trader because the width of the stop is determined by the percentage of average true range (ATR). ATR is a measure of volatility over a specified period of time. The most common length is 14, which is also a common length for oscillators such as the relative strength index (RSI) and stochastics. A higher ATR indicates a more volatile market, while a lower ATR indicates a less volatile market. By using a certain percentage of ATR, you ensure that your stop is dynamic and changes appropriately with market conditions.
For example, for the first four months of 2006, the GBP/USD average daily range was around 110 to 140 pips. A day trader may want to use a 10% ATR stop - meaning that the stop is placed 10% x ATR pips from the entry price.In this instance, the stop would be anywhere from 11 to 14 pips from your entry price. A swing trader might use 50% or 100% of ATR as a stop. In May and June of 2006, daily ATR was anywhere from 150 to 180 pips. As such, the day trader with the 10% stop would have stops from entry of 15 to 18 pips while the swing trader with 50% stops would have stops of 75 to 90 pips from entry.
