This is a variation of EilderJorgeGarcia zscore currency strength indicator for EUR/USD only. How to use is same as before, looking for maximum gap, divergence and convergence of currency's strength, crosses.
Wavetrend by Lazybear with MACD BB by Algokid. Combined as a way of finding better trade entry points. My observation is when the wavetrend and macd bb are outside of the upper or lower limits and MACD BB changes this maybe an entry point. The multiplier input value is for the scaling / normalising of the MACD BB to the Wavetrend.
This is a combined version of wavetrend, MACD BB and CSM EUR/USD on the same scale. The scaling works on a 5 minute chart but may not work on our time frames; not tested. The idea is to find reversals and/or trends. My observation on this first attempt is that when all indicators are above or below the max / min limit a reversal may occur. This is a prototype and...
Exploring a way to determine EUR/USD market entry and exit points by converting my currency strength indicator to a macd bb format. Not sure if this indicator is helpful or what the best settings are; feedback welcomed.
The other reason I have generated this indicator is due to the lag inherent to MACD BB and maybe using price strength will reduce the lag.
Next version of currency strength reversal indicator using my currency strength indicator together with wavetrend and SB_Wavetrend_Oscillator.
No prefect, but better has the usually issue of very strong trends causing multiple signal which may not recover quickly and/or hit SL.
Next study thinking of looking at fractals but have a lag of at least two...
This a porting to Trading View of the 12 new indicators introduced in IFTA Journal (January Edition) by Akram El Sherbini, MFTA, CFTe, CETA.
Indicators are available in "Linear Momentum and Performance Indicators" at page four.
IFTA Journal is available below:
Indicators implemented herein:
This is the index oscillator of volume's strength (not the momentum), still, because of how it is being calculated, it will be a leading indicator.
The best way of using the volume based oscillators is to have them side by side with volume candle.
This is a momentum indicator of the volume's strength index. The "concept" is taken from the RSI although the formulation is not anything close to it !!!
The concept of RSI is that we take the strength of the price and show it as an oscillator, this will show the balance of strength between buyers and seller.
In Volume Strength Momentum, the concept is to find...
The Absolute Strength Histogram
Absolute Strength Histogram is composed of two separate signals - Bulls and Bears. Both signals are plotted on the same graph. By doing so we can see the strength of the buyers and sellers in comparison to one another. When the Bulls Signal is above the Bears Signal, the histogram is blue and the market tends to be trending up (go...
Every developer must create his own Relative Strength Index with midline and other features).
In addition to the midline, highlighting and levels customization I give you ability to play with non-standard sources like On Balance Volume.
If someone doesn't know what is this:
This indicator was originally developed by J. Welles Wilder and was described in his book...
This is a technical indicator developed by Andrea Saracino. It gives buy and sell signals and works best on the daily charts.
This indicator is better suited for Bitcoin. In fact, throughout the history, it gave very consistent buy and sell signals on this asset. Could also be used in other cryptocurrencies.
It consists of two components: the histogram and the...
Support and Resistance Zones
This automates the way I look at drawing Support and Resistance. Different settings make it catch different moves.
It isn't perfect. It doesn't spot everything it should. But it spots some stuff it should, and can be tweaked with the different settings...
This indicator uses Fibonacci Support/Resistance Channels, weighted with Market Volatility(ATR) to determine Trend Momentum and Strength. It has two components: the Histograms and the strength line:
- The histogram gives information about the momentum behind moves and current trend. If Histogram is positive the market is currently in an UpTrend, the height of the...
This strategy shows if the market is strong or weak, marking short or long respectively, however this does not represent a direct entry, only a strength or weakness, which applied with some other parameters (candlestick patterns, resistances, etc) can throw us a very good entry, especially in the appropriate temporality, where there is a balance between volatility...