PivotPoints with Momentum confirmation by PeterOWho wouldn't like to be able to tell when the market actually reverses instead of just faking it? Every trader who has tried pivothigh/pivotlow functions for that, surely bumped into so many meaningless reversal signals, that probably got discouraged with this concept entirely.
Yet, pivot points are very important. Only they need to be confirmed at least a little bit (you'll never know for sure, you understand that right?)
This script enhances pivot-points mechanism with by confirming potential pivot point with actual reversal in momentum. If momentum reversal is also noticed in synch with the pivothigh/pivotlow, then you've got yourself a reversal - marked on the chart with red or green triangle. You can visually compare where those triangles are marked as compared to those small black ones, meaning the standard pivothigh(high,1,1)/pivotlow(low,1,1). Check yourself how many times this method would save us from pre-mature entry. On average 2/3 pivot points are filtered out.
This is a non-delayed confirmation - there is no waiting for another candle to close, just looking to another indicator for a match.Trader needs to take a decision immediately because if he hesitates, he will be late for sure. Also sometimes this script produces signal even before a full pivot-point is formed, as pin-bar analysis is also included here.
What this script IS NOT:
- a complete trading map. Don't take trade on each green or red triangle. You still need to do your homework on market direction, trend, phase, wave, etc. But at least you have the "trigger" part done.
- these pivot points are still not "guaranteed". You never know the future even as close as the very next candle, so the market can continue its trend right after it produces reversal signal. The aim of this indicator was only to filter out those potential pivot points, which didn't really look like reversals.
If you think this method could be improved somehow or would like to share your thoughts or approach, don't hesitate to reach out to me or write down in comments.
P.S. Credit goes to UCSGEARS for his Top&Bottom candle script. Amazing work. I used the momentum calculation from there.
Cerca negli script per "momentum"
JM Momentum Moving Average CrossoverReuploaded.
Some people complained about noisy signals from previous gainzy inspired intraday indicator so have designed this one to be more robust. Is pretty good at capturing early trend changes in momentum. Have not backtested yet. Recommended for lower time frames, 1 hour and under, I like 45m.
How it works?
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Using custom fast and slow momentum factors it is simply a crossover of the two.
How to use?
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Wait for closing bar, if BUY signal is printed, momentum is trending upwards so longs are favoured. If SELL signal is printed, shorts are favored.
[RSM] Relative Strength Momentum 10 sources v1.1This indicator was designed to compare relative price momentum across multiple related/unrelated symbols, maximum of 10.
Each symbol's momentum/trend is determined by price movement and custom weighted moving averages.
You can use this indicator to determine changing trends by looking at correlated leading symbols.
Description of Input Parameters:
Dark theme: Turn on this checkbox if you are using the dark theme in Tradingview.
MA Type: Default is preferred, but allows you to choose different Moving Averages to determine momentum.
MA Period: Ideal period is 200 for a Chart TF of 15 minutes to 1 Hour for most symbols I've tested. (US/Euro Indexes CFD and Futures )
Symbol 1-10: Enter a valid Symbol in Tradingview otherwise indicator will return an error.
Color Symbol 1-10: Pick a unique color for each corresponding Symbol.
Display Symbol 1-10: Checkbox to turn on/off corresponding symbol's plot.
Access to Script:
Please contact me privately on Tradingview, user id: a.tesla2018
Alternatively, use the links below for method of payment/access to this indicator. Please do not forget to mention your TV name in notes.
[RSM] Relative Strength Momentum v1.0 [pvt]This indicator was designed to compare relative price momentum across multiple related/unrelated symbols, maximum of 6.
Each symbol's momentum/trend is determined by price movement and custom weighted moving averages.
You can use this indicator to determine changing trends by looking at correlated leading symbols.
Description of Input Parameters:
Dark theme: Turn on this checkbox if you are using the dark theme in Tradingview.
MA Type: Default is preferred, but allows you to choose different Moving Averages to determine momentum.
MA Period: Ideal period is 200 for a Chart TF of 15 minutes to 1 Hour for most symbols I've tested. (US/Euro Indexes CFD and Futures)
Symbol 1-6: Enter a valid Symbol in Tradingview otherwise indicator will return an error.
Display Symbol1-6: Checkbox to turn on/off corresponding symbol's plot.
Access to Script:
Please contact me privately on Tradingview, user id: a.tesla2018
Alternatively, use the links below for method of payment/access to this indicator.
Indicator Panel MTF (MACD, RSI, Momentum, Stoch, CCI)This script shows the values of MACD, RSI, Momentum, Stoch, CCI for current and higher time frames in a panel. if higher time frame is equal or smaller than current time frame and it doesn't show the values for HTF.
And also it shows if their values are increasing, decreasing or equal to last value with "▲", "▼", "="
The signal length for all indicators is 9 and used EMA.
histogram value is indicator value - it's signal value. with this value you can see that indicator and its signal getting closer or not. you may think it's as momentum.
Some functions and idea is used from following scripts:
Thanks to Lucf for the following script:
Thanks to Ricardo Santos for the following script:
Bar%ChangeThis is a visual study to hilight the change is candlestick by percentage. the percentages are calculated by the duration of the momentum. This study is not designed for automated trading.
The triangles show buys/sells on the basis of momentum . Buys occur below momentum, while sells occur above.
Percentages are shown in red if closing less then opening or closing less then previous closing, otherwise green.
Buying and selling changes in candlestick percentages are user configurable.
Unnormalized Implicit Momentum The oscillator takes an alternative measure of the price's momentum and provides a threshold from its dispersion to locate a trend. Implicit as it is not a direct measure of the momentum but is derived from it. Once this function closes above the threshold, a trend is set as suggested by the colour of the momentum. Normalized version may soon also be released though it may prove not be as effective in trend trading (e.c RSI isn't particularly helpful for trend trading).
It'll print bull or bear to suggest which type of trade to take. Use in confluence with your own system.
There is a positive correlation between the rate and TF so for HTF's choose a higher rate. I haven't yet found a relationship for other variables so play around with the inputs.
MTF CMO (Chande Momentum Oscillator)Simple Multi-Timeframe version of the Chande Momentum Oscillator . Many thanks to HPotter whos script I used as a starting point. This displays 1, 2, 3, 4, and 24 period CMOs on the graph. 1, 2, 3, and 4 periods are smoothed by using their simple moving averages. 24 period is unsmoothed. I prefer to set my chart to a 1 hour timeframe and look for bottoming or topping patterns in the momentum. Strongest topping or bottoming patterns are when all timeframes roll over including the 24 period.
FXR Momentum Market TypeThe FX Renew Momentum Market Type indicator plots a line that represents the market type based on the rules developed to suit strategies that exploit momentum.
-2 = Bear Fast
-1 = Bear Normal
0 = Sideways
1 = Bull Normal
2 = Bull Fast
All4 - Multi-Period Momentum [LucF]All4 is a multi-period momentum indicator that includes a volume component. It doesn't use higher timeframes, but rather varying lengths. It is a simple way to get a more global picture of momentum.
It is calculated using a very simple weighted average of a few different indicators. The indicator is comprised of the main line called All4, its MA and a faster line.
The All4 components are the Stoch RSI’s K line, Rsi and MFI (to include a bit of volume information) in the following mix: (St14 + St21 + 2*St42 + 2*St90 + rsi + 2*mfi)/9. The respective K line periods and smoothing lengths are 14-4, 21-10, 42-10 and 90-15. Both the Rsi and MFI periods are 14. All those values are fixed.
The fast line is comprised of a 14 period Rsi and MFI in the following mix: (rsi + 2*mfi)/3. The length of the fast line can be changed.
The indicator also includes 4 status lines. The top 2 show when All4 is volatile and when it is trending. The bottom 2 show when All4 is in bearish/bullish territory, and the state of the 200 period MA.
There are lots of bells and whistles but pretty much everything is configurable, so you can make it as busy or as clean as you wish. I have included both extremes on the chart above.
As can be expected, the mishmash of indicators comprising All4 entails a loss of detail in the signal; it is the trade-off necessary to paint a broader picture.
Bitcoin momentum correlation This is a pretty simple indicator, it measures the momentum of bitcoin as compared to usd,eur,eth,dash, and ltc, which you can see in all of the blue lines. If the red line is above zero then it means the overall value of btc is going up, opposite for down. The Ema_window controls how smooth the signal is. If you shorten the Ema_window parameter and open this on higher timeframe btc charts then the zero crossing gives pretty solid signals, despite being pretty choppy. A good way to interpret this is that if all the blue lines are moving in the same direction at once without disagreement, then the value of bitcoin has good momentum.
Mildly more technically:
Momentum is measured in the first derivative of an EMA for each ticker. To normalize the different values against each other they are all divided by their local maximums, which can be chosen in the parameter window, but shouldn't make a huge difference. All the checked values are then summed, as shown in the red line. To include a value into the red line simply keep it checked. Take a look at the script, it's kind of easy on the eyes.
It's pretty handy to look at, but doesn't seem too worthwhile to pursue much further. If someone wants much more out of the script then feel free to message me.
Remember rules #1 & #2
Don't lose money.
Happy trading
MaxWarren's Pine Acceleration - 2nd DerivativeThis is the acceleration of a chart written in pine. It's the second derivative otherwise the derivative of the momentum.
It shows how fast a stock's momentum is changing and in what direction.
As standard I left the controls in the settings for source and length of the estimate.
I will be incorporating this in other more complicated scripts here shortly
All in ONE (RSI, Stoch, MACD×Mutiplier, CCI, Momentum)Hi Traders,
This is an all-in-one oscillator, showing RSI, Stochastics, MACD, CCI and Momentum.
Because MACD values are much smaller than the other oscillator's values, we multiplied the MACD by 100,000 for visibility. You can change the multiplier in the input section.
Hope this assists. GraceAlgo
R Squared - MomentumThis little oscillator just returns the R Squared Value of current price action.
It is designed to show trend direction momentum. Great for confluence!
SFP MomentumCustom swing fail detector with levels and breakouts both major and minor plus colored candles based on SFP momentum.
PpSignal Momentum TraderThis is a combination of the PERCENTAGE of PRICE OSCILLATOR (PPO) and Momentum.
When both oscillators are up in the same direction it is buying (green bottom and green oscillators), when both oscillators are down it is sell (red bottom and red oscillators. When they do not agree (silver bottom) it is to keep doing nothing .
You can also see the change in trend with the candles as well. same colors as the background and the oscillators.
CSRS v2Candlesticked RSI v2 for price action traders!
See the True Momentum.
6 chart type, smooth RSI , add signal lines, find divergences, special alerts
This is 2nd version with major upgrade
Improved and more powerful
fully customizable.
features:
See RSI in 6 type of chart(Candles, Hollow Candles, Siwi Candles, Heikin Ashi, HL Bar, Line)
Monitor Up to 3 RSI , each one at desired resolution, source and length
Smooth each one of chart separately to remove noises
Add up to 3 signal line to primary chart in your desired source and type( SMA , EMA , WMA , HMA )
Find divergences which has special parameters
Gradient color adjustment of line chart
Add alert for reaching to important levels and detected divergences
RAT Momentum Squeeze BETAV1.0
MAs are a great tool to measure the market's momentum. I created this indicator to graphically depict bullish and banishment movements with the moving averages.
Using the 50, 100, & 200 day MA in conjunction with the RSI we are able to find great swing setups. This is used best on the 30min & up to the daily chart.
SMI Stochastic Momentum Index 2x set per Baiynd -Tom1traderStochastic Momemtum Index - a true strength indix tsi with a moving average signal.
This uses the built in with modifications per Anne-Marie Baiynds recommendations - she uses a SIMPLE MOVING AVERAGE
for the signal (signal length at 4x the short length seems to work best to reflect actual price action support or resistance)
Note: Default settings in this code have been updated to her most recent recommendations that I have seen.
video is entitled "The Most Reliable Technical Indicator I Have Ever Used"
Note: I have not discussed this with Ms . Baiynd this is my interpretation of the vids I have seen.
Anne-Marie Baiynd also in talks / videos refers to the use of short / long of 4/20 and 6/40 and have combined both of them here
This overlays both of them with their respective SMAs- a 4/20 lengths and a 6/40 lengths in darker colors and smallest linewidth.
this gives a perspective on slightly higher time frame action.
USAGE: Generally above and below the black dashed zero line is long or short
KEYS: -Plot position relative to zero black, red overbought, green oversold and the gray lines at .25 -.25
Indicator action often more significant out side of the more "neutral" +.25/-.25 area
and near or above/below the red/green dashed lines.
-Steepness of slopes
Slopes of smi plots relate directly to price action where steeper is more momentum.
- -SMI blue relation to its simple moving average orange and the SMI longer dark blue with moving average purple.
MAJOR FEATURE - The average acts as support or resistance to the SMI and the price unless breaking out.
Price is often pausing or reversing iin finding primary/secondary support or resistance as well at those times.
You Can See and anticipate Where Support or Resistance may be Encountered. (much unlike most indicators)
My standard caveat -use at your own risk. Like anyone else I do not know what the next bar/candle is going to do
and I place all of my trades with a management plan in place for the worst case scenario.
That said enjoy your charting and trading.
This was coded starting with the built-in indicator "SMI Ergontic Oscilator / Indicator". You do this by within the Pine Editor select "New" tab and
choose the indicator that you want the code for. This populates the editor with the code for the built in indicator and you can modify it to suit your
purposes and save it / publish it and etc. Thanks for following this and Keep Smiling!
Rumpy's Relative Momentum and TrendIncorporates volume and true range to adjust the RSI calc as well as an alternative ALMA based index in a trend following system.
Upper band highlights direction of momentum. Lower the general trend. Overlap in the central band for confirmation.
The ALMA setup is more adaptive and will get you in sooner with the trade off of more common fakeouts and false exits. It is more suitable for scalping lower time frames :
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FIBAUS Momentum IndicatorHybrid in nature as it acts as an oscillator but considers squeeze and momentum.
SMA slopeSlope function for SMA in degrees. This slope function you can use or modify for your own strategies. Feel free to change source to calculate the slope of another indicator. In this case you can see that the indicator is above the zero line indicating a positive momentum.
Gain Over LossSelf adjusting gain over loss indicator. Shows price movement and momentum. If you want to reach to the parameters you can use the old version.
