RSI and Stochastic Probability Based Price Target IndicatorHello,
Releasing this beta indicator. It is somewhat experimental but I have had some good success with it so I figured I would share it!
What is it?
This is an indicator that combines RSI and Stochastics with probability levels.
How it works?
This works by applying a regression based analysis on both Stochastics and RSI to attempt to predict a likely close price of the stock.
It also assess the normal distribution range the stock is trading in. With this information it does the following:
2 lines are plotted:
Yellow line: This is the stochastic line. This represents the smoothed version of the stochastic price prediction of the most likely close price.
White Line: This is the RSI line. It represents the smoothed version of the RSI price prediction of the most likely close price.
When the Yellow Line (Stochastic Line) crosses over the White Line (the RSI line), this is a bearish indication. It will signal a bearish cross (red arrow) to signal that some selling or pullback may follow.
IF this bearish cross happens while the stock is trading in a low probability upper zone (anything 13% or less), it will trigger a label to print with a pullback price. The pullback price is the "regression to the mean" assumption price. Its the current mean at the time of the bearish cross.
The inverse is true if it is a bullish cross. If the stock has a bullish cross and is trading in a low probability bearish range, it will print the price target for a regression back to the upward mean.
Additional information:
The indicator also provides a data table. This data table provides you with the current probability range (i.e. whether the stock is trading in the 68% probability zone or the outer 13, 2.1 or 0.1 probability zones), as well as the overall probability of a move up or down.
It also provides the next bull and bear targets. These are calculated based on the next probability zone located immediately above and below the current trading zone of the stock.
Smoothing vs Non-smoothed data:
For those who like to assess RSI and Stochastic for divergences, there is an option in the indicator to un-smooth the stochastic and RSI lines. Doing so looks like this:
Un-smoothing the RSI and stochastic will not affect the analysis or price targets. However it does add some noise to the chart and makes it slightly difficult to check for crosses. But whatever your preference is you can use.
Cross Indicators :
A bearish cross (stochastic crosses above RSI line) is signalled with a red arrow down shape.
A bullish cross (RSI crosses above stochastic line) is signalled with a green arrow up shape.
Labels vs Arrows:
The arrows are lax in their signalling. They will signal at any cross. Thus you are inclined to get false signals.
The labels are programmed to only trigger on high probability setups.
Please keep this in mind when using the indicator!
Warning and disclaimer:
As with all indicators, no indicator is 100% perfect.
This will not replace the need for solid analysis, risk management and planning.
This is also kind of beta in its approach. As such, there are no real rules on how it should be or can be applied rigorously. Thus, its important to exercise caution and not rely on this alone. Do your due diligence before using or applying this indicator to your trading regimen.
As it is kind of different, I am interested in hearing your feedback and experience using it. Let me know your feedback, experiences and suggestions below.
Also, because it does have a lot of moving parts, I have done a tutorial video on its use linked below:
Thanks for checking it out, safe trades everyone and take care!
Cerca negli script per "indicator"
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.
Ladder ATRThis indicator shows the upwards (green) and downward (red) volatility of the market. It is a moving average of the true range values like the ATR indicator does but with a twist! For the upwards volatility, only the green candles are taken into account, and for the downwards only the red candles are.
To the best of my knowledge, this technique had been introduced by HeWhoMustNotBeNamed in his "Supertrend - Ladder ATR" publication where the different types of volatility helped to improve the "trend reversal" conditions compared to the "Supertrend" indicator.
However, the actual "Ladder ATR" values were hard to see. This indicator shows the actual upward and downward volatility making it easy to reason about long and short price moves and potential biases in each direction.
In layman's terms this indicator "Ladder ATR" is to the "Supertrend - Ladder ATR" what the "Average True Range" indicator is to the "Supertrend" indicator.
Dynamic ADX - [The Pine Guru]Dynamic ADX by The Pine Guru
What is the Dynamic ADX?
The Dynamic ADX is an indicator created using the regular ADX, Line, and additional ADX Moving Average. This MA allows the script to calculate the ADX differently to the original ADX, providing greater input and accessibility to the user. As the ADX is a volatility indicator, it is communicates to trend strength in the markets. The Dynamic ADX displays these trending Periods through user controlled visualizers like Fills, Background Color, and Bar Color.
How do I use the Dynamic ADX?
This indicator has 4 different "versions" or "conditions" in which it displays trend strength. These are achieved by checking and unchecking ADX, ADX MA and Line. Different combinations of these 3 inputs will result in a change of true condition that the script outputs.
Dynamic ADX Achieved by checking the ADX and ADX MA, results in an ADX similar to an MA Crossover, with the ADX being over the MA indicating a true or strong trend condition.
Regular ADX Achieved by Checking the ADX and Line. Results in the regular calculation of the ADX.
Mixture Achieved by Checking all three sections, which results in the calculation a normal ADX as well as the MA. Provides and extra condition or confluence into the ADX.
MA and Line Achieved by checking the ADX MA and Line. Results in a similar calculation to an original ADX but with a smoother MA.
Recommendations
This indicator will work typically in all markets with high volume and volatility. It is recommended that it is used as a confluence in a trading system, and not as an outright indicator. As always do your own testing before live use with this indicator. Do your own Research and refinements.
Please Leave a like if you enjoy this Indicator
NSDT Indicator PanelThis indicator places a table on the bottom of the chart where each section changes color based on settings in each individual indicator. It provides a way to quickly glance at the chart and see the overall direction of the market with the combination of indicators.
All settings for each individual indicator are editable, so you can customize them to your unique specifications.
Ehlers Directional Movement Hann Window Indicator [CC]The Directional Movement Hann Window Indicator was created by John Ehlers (Stocks and Commodities Dec 2021 pgs 17-18) and this is his updated version of the classic Directional Movement indicator created by J. Welles Wilder. Ehlers uses the Hann Window Filtering after using an exponential moving average to smooth the classic directional movement indicator. This helps significantly with the lag and lack of smoothing which are both issues with the classic indicator. I have included strong buy and sell signals in addition to the normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Ehlers Simple Window Indicator [CC]The Simple Window Indicator was created by John Ehlers (Stocks and Commodities Sep 2021) and this is the last of the 4 new indicators that he published in the latest issue of Stocks & Commodities. Since these are all part of a series, the idea behind each indicator is the exact same. The only difference is of course the calculation for each indicator. This script is different mostly because it is extremely noisy in comparison so I had to smooth it twice to provide clear buy and sell signals. Window functions are used in digital signal processing to filter out noise and the end result is an oscillator that centers around the 0 line. The easy way to understand these indicators that I will be publishing and those are that when they are above 0, it usually means an uptrend and below 0 then a downtrend. For more immediate signals, I have included both normal and strong buy and sell signals so darker colors for strong signals and lighter colors for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!
Ehlers Triangle Window Indicator [CC]The Triangle Window Indicator was created by John Ehlers (Stocks and Commodities Sep 2021) and this is one of 4 new indicators that he published in the latest issue of Stocks & Commodities and I will be publishing the last one tomorrow. Since these are all part of a series, the idea behind each indicator is the exact same. The only difference is of course the calculation for each indicator. Window functions are used in digital signal processing to filter out noise and the end result is an oscillator that centers around the 0 line. The easy way to understand these indicators that I will be publishing and those are that when they are above 0, it usually means an uptrend and below 0 then a downtrend. For more immediate signals, I have included both normal and strong buy and sell signals so darker colors for strong signals and lighter colors for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!
Ehlers Hamming Window Indicator [CC]The Hamming Window Indicator was created by John Ehlers (Stocks and Commodities Sep 2021) and this is one of 4 new indicators that he published in the latest issue of Stocks & Commodities and I will be publishing the other 2 in the next few days. Since these are all part of a series, the idea behind each indicator is the exact same. The only difference is of course the calculation for each indicator. Window functions are used in digital signal processing to filter out noise and the end result is an oscillator that centers around the 0 line. The easy way to understand these indicators that I will be publishing and those are that when they are above 0, it usually means an uptrend and below 0 then a downtrend. For more immediate signals, I have included both normal and strong buy and sell signals so darker colors for strong signals and lighter colors for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!
Ehlers Hann Window Indicator [CC]The Hann Window Indicator was created by John Ehlers (Stocks & Commodities Sep 2021) and this is one of 4 new indicators that he published in the latest issue of Stocks & Commodities and I will be publishing the other 3 in the next few days. Since these are all part of a series, the idea behind each indicator is the exact same. The only difference is of course the calculation for each indicator. Window functions are used in digital signal processing to filter out noise and the end result is an oscillator that centers around the 0 line. The easy way to understand these indicators that I will be publishing and those are that when they are above 0, it usually means an uptrend and below 0 then a downtrend. For more immediate signals, I have included both normal and strong buy and sell signals so darker colors for strong signals and lighter colors for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!
Two EMA Cross+ IndicatorHello traders!
Today we gonna demonstrate out heuristic of classical EMA Indicator. We decided to simplify your trading staff and add some meta data. So, let’s look at it from the very beginning and initially speak about what EMA is and then I’ll tell you why our indicator is extremely convenient and useful.
So, what is EMA? An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period.
Key takeaways:
-The EMA is a moving average that places a greater weight and significance on the most recent data points.
-Like all moving averages, this technical indicator is used to produce buy and sell signals based on crossovers and divergences from the historical average.
As you know, EMA Cross is one of basic and most popular Entry Indicators. It’s kinda easy to understand and even easier to use. This indicator consists of two EMAs - fast (red line) and slow (blue line). Fast EMA is EMA of less length that the fast EMA (default parameter is 9). Thus, it reacts the price change more actively than the slow. We can say that it takes into consideration the most actual price movements. Speaking about slow EMA (default parameter is 30) it’s more inert and it’s more difficult to change its action vastly. We can say that the EMA «looks» at the historical data more accurate, but doesn’t forget about actual price movements.
But how it works? Trivial. When the fast EMA crosses the slow bellow, it provides bearish signal, whereas when it crosses it above, it’s bullish signal. Even more, we added some «confirmation» factor. As you know, when the price is above the slow EMA, the slow EMA plays the role of support line for price and means that the price is in uptrend. Thus, when we see the cross above and it takes place under the price, we called it «strong Bullish Signal». When the price is bellow the slow EMA, slow EMA is resistance. Thus, when we see the cross bellow and it’s under the slow EMA, we called it «strong Bearish Signal».
To make your trading process easier, we plotted the places of crosses on the chart and added the descriptions of the crosses. The flags mean the place of cross. The default parameters have nice backtest on 1H chart. However, you can also change them depending on your goals and the time period. The places of cross looks like flags (red flag is «bearish» cross, green - «bullish»). As you can see, it’s really convenient.
I hope you’ll enjoy our heuristic of classical EMA Cross. We are sure that the meta data that we are taking into consideration makes the signals more accurate and the deals more profitable. The SkyRock Team with support of Trading View try to make your trading process more successful and profitable. Every day we works in conjunction to boost both your skills and trading balance. We hope, it’s really useful for you, dear traders!
Ehlers AutoCorrelation Indicator [CC]The AutoCorrelation Indicator was created by John Ehlers (Cycle Analytics pgs 94-98) and this can be viewed as both a momentum indicator and a trend indicator. This was his basis for several other indicators that he created which I will be publishing soon but essentially as this indicator goes up then the stock is in an uptrend and also has upward momentum. You will notice that this indicator starts to go down even during an uptrend showing that the underlying trend is going to have an upcoming reversal. He also warns that the halfway mark is a possible reversal point so keep an eye out for that.
Generally speaking a good signal is to enter a long position when the indicator is under the midline and is starting to go up (or when the line is green) and to exit the position when the indicator goes over the midline. I have included strong buy and sell signals in addition to normal ones so darker colors mean strong signals and lighter colors mean normal signals.
Let me know if there are any other indicators you would like me to publish!
[Sidders] MACDEMASAR IndicatorCame across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure.
Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits).
Long entry contains 4 conditions and is generated when price is above the 200EMA (1), the MACD crosses above the signal line (2), while they are both below 0 line (3) and when the parabolic SAR is below the closing price of the bar (4).
Short entry is build up the same but in reverse: price is below the 200EMA(1), signal line crosses below the MACD line (2), while they are both above the 0 line (3) and when the parabolic SAR is above the closing price of the bar (4).
Place the stoploss on the parabolic SAR dot below/above the candle that created the signal. Profit target 1:1 risk:reward ratio, but can ofcourse be changed according to your risk apetite. Might add automatically drawn SL/TPs in a later update.
Concept behind the strategy should work on all timeframes, but will require proper backtesting. I think with additional filters the strategy can also be way more finetuned and profitable, personally haven't had the time yet to dive into that.
Have also added alerts for your convenience.
Enjoy!
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Trend Indicator B-V2 (Momentum measuring)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Reverse MACD IndicatorIntroducing the reverse MACD Indicator.
This is my Pinescript implementation of the reverse MACD indicator.
Much respect to Mr Johnny Dough the original creator of this idea.
Feel free to reuse this script, drop me a note below if you find this useful.
Investopedia defines the MACD as a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.
The MACD is calculated by subtracting the 26-period Exponential Moving Average ( EMA ) from the 12-period EMA .
The result of that calculation is the MACD line.
A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals.
Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line.
Moving Average Convergence Divergence ( MACD ) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.
MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
The speed of crossovers is also taken as a signal of a market is overbought or oversold.
MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening.
The MACD has a positive value (shown as the red line on the price chart ) whenever the 12-period EMA ( indicated by the blue line on the price chart) is above the 26-period EMA (the red line in the price chart) and a negative value when the 12-period EMA is below the 26-period EMA .
The more distant the MACD is above or below its baseline indicates that the distance between the two EMAs is growing.
The baseline here is the white line.
The Reverse function of the MACD provides value by letting the user know the specific price needed to expect a MACD cross over in the opposite direction.
This function can be used to designate risk parameters for a potential trade if using the MACD as their source of edge, letting the user know exactly where and how much their risk is for a potential trade which can be used to design an effective trading plan.
M.H Pee indicatorsHere is a collection of Trend Indicators as defined by M.H Pee and presented
in various articles of the "STOCKS & COMMODITIES Magazine"
The actual implementation of the indicators here are made by: everget
I thought they were rather cool, so I have gather them here so that they easily can be tested.
My own test was made using 15 companies from the OMXS30 list
during the time period of 2016-2018, and I only went LONG.
The result was as follows (Average Net Profit , StdDev):
TDI 3.04% 5.97
TTF 1.22%. 5.73
TII 1.07% 6.2
TCF 0.32% 2.68
Would be interesting to hear what other people get as test result from these indicators.
To do that just run this strategy, and chose the indicator from the setup menu.
InfoPanel Divergence IndicatorThis panel spots divergences of some well knonw indicators. It may be usefull because you have all indicators in one panel only.
Also, you can check on chart which indicator gives better results of each pair on stock or index or crypto.
TO DO: to add custom indicators.
thanks to: RicardoSantos for his script of panel coding
Tradingview scripts
Other members of TV community (I cannot remember the source and inspiration of all snipets)
Please use comment section for any feedback.
The Vostro Indicator by KIVANÇ fr3762The VOSTRO indicator is a trend indicator that automatically provides buying and selling signals. The indicator marks in a window the potential turning points. The indicator is recommended for scalping.
The Vostro indicator determines the overbought zones (value greater than +80) and the oversold zones (less than the -80 level)
BUY signal: The Vostro curve moves below the -80 level and forms a trough – Turnaround of the upward trend
SELL signal: The Vostro curve moves above the +80 level and forms a peak – Downward trend
further info:
www.prorealcode.com
Here's the link to a complete list of all my indicators:
t.co
Yazar: KıvanÇ @fr3762 twitter
Şimdiye kadar paylaştığım indikatörlerin tam listesi için: t.co
Fisher Combo indicatorWhatsUp traders &&
I would like to share with you this script that I created long time ago. Basically, it is the combination of four indicators: VWAP bands, AO, RSI and Fisher transform. The indicator will rank each of the four indicator and only trigger a long or short signal when certain points are achieved.
I created this indicator because I felt that if certain indicators give the same signal then there is a higher win rate. You may want to modify a bit into strategy script and test it with your stock. Recommended 1 minute.
This is not a very good strategy, it can miss many opportunities. It may give wrong signal because it does not consider price action and volume movement or balabala reason.
Hope this script can inspire you and maybe you can create some awesome strategy that makes you $$$$$$
McClellan Summation Index [LazyBear]McClellan Summation Index is a breadth indicator derived from McClellan Oscillator ().
The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above/below zero. As such, signals can be derived from bullish/bearish divergences, directional movement and centerline crossovers. A moving average can also be applied to identify upturns and downturns.
Indicator uses the advancing/declining stocks from NYSE by default, but you can change them to any market in the options dialog.
More info:
- www.mcoscillator.com
- stockcharts.com
Complete list of my indicators:
docs.google.com
McClellan Oscillator [LazyBear]Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator.
As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar to MACD.
McClellan Oscillator signals can be generated with breadth thrusts, centerline crossovers, overall levels and divergences.
I have added the following options:
- Can choose Advancing/Declining issues of any market. Default is NYSE.
- Can show the EMAs and/or oscillator.
- Ratio Adjusted Calculation mode (as explained in the stockcharts link below) or default mode.
- Can use custom timeframe. Default is chart timeframe.
More info:
stockcharts.com
Complete list of my indicators:
docs.google.com
Thanks @mpinky for pointing out the StockCharts version of this oscillator.
Mirrored MACD [LazyBear]This is a famous indicator I have seen used by many Forex traders in MT4 platform. This indicator uses the difference between EMA of "close" and EMA of "open" to form the oscillator lines (not just a convergence/divergence calculation between EMA of "close")
Current market state is determined by which histogram is above zero line. For more confirmation, wait for it to cross above Signal line too. Crossing down the signal or zeroline should be the exit condition. Also, look for divergences.
Use plot labels BullHisto/BearHisto/BearLine/BullLine/ZeroLine/Signal for setting up alerts.
Complete list of my indicators:
-----------------------------
docs.google.com
