Inizia

Strength

RSI Levels, Multi-TimeframeThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price is going to meet the 30 or 70 levels. The reason the 30 & 70 levels are important is because many traders (and bots) use those as signals to buy (at 30 RSI) or sell (at 70 RSI). Additionally, this indicator allows you to display not just the RSI levels of your currently viewed timeframe on the chart, but also shows the RSI levels of up to 6 different timeframes on the same chart. This allows you to quickly see if multiple RSI levels are aligning across different timelines, which is an even stronger indication that price is going to change direction when it meets those levels on the chart. There are a lot of nice configuration options, like: Style customization (color, thickness, size) Labels on the chart so you can tell which plots are the RSI levels Optionally display the plot as a horizontal line if all you care about is the RSI level right now Toggle overbought (RSI 70) or oversold (RSI 30) on/off completely
Indicatore Pine Script™
di jmosullivan
3
Relative Currency StrengthOur Indicator “Relative Currency Strength” offers an insight into the strength behind the quote and base currency of any Major/Minor Forex Instruments. Every Forex Instrument is a relative conversion factor between two currencies - a quote currency and a base currency. This indicator calculates the strength for each of the currencies using predefined major Forex pairs to gauge the strength of the underlying Currency. If you are unfamiliar with how a Forex instrument is calculated we will provide an informational link at the end of the description. This description will provide a High Level description of how our Indicator identifies and visualizes Relative Currencies Strength, followed by how to use the Indicator in your trading. At the end we would like to introduce our team and experience. High Level Description of “Relative Currency Strength”: Our indicator dissects the Forex Instrument into 2 values based on the Quote and Base Pair. The indicator uses 5 predefined Forex instruments per currency to calculate the Currency strength. For example, EURUSD forex instrument will display 2 values: EUR as a Quote value and USD as the Base value. Our indicator will use 5 Major Forex Instruments to gauge the strength of EUR, and another 5 Major Forex Instruments to gauge the strength of USD. Visualisation: The Base currency is the Blue line and the Quote Currency is the Yellow Line. The area between the lines will be colored in either Gray, Green or Red - this area will be referred to as “Strength Area”. If the Base currency is greater than the Quote currency, then the Strength area will be either Gray or Green. If the Base currency is less than the Quote currency, then the Strength area will be either Gray or Red. The color of the Strength area changes color depending on the Base/Quote Spread. If the Spread is Small, then the Strength Area is Gray. If the Spread is wide, then the the accent of the color will be light, otherwise the accent of the color will be dark. How to use it: This Indicator is best used as a Trendfollowing Indicator. For example, if the Strength Area turns Green and you have Bullish confluence on your Trade like a Bull flag, then this would provide an opportunity to enter a Long position and wait until the Strength Area either turns gray or dark green. Looking at the Base and Quote Lines, will also give you a feeling if both parts of your currency are contributing to your anticipated Price change. That being said, if the base currency line is increasing and the quote currency line is decreasing, then that suggests that the both currencies are contributing to the Price change and hence increasing the probability of a major price Change. Time frame: This indicator is programmed to be used on all Timeframes. Instruments: Following Currencies will be calculated: USD EUR GBP NZD AUD CHF JPY CAD XAU XAG SGD SEK NOK This Indicator will work on all Instruments with at least one of these Currencies. Our Team: We are a team of 3 Traders with a combined experience of 40 years. We are using our experiences from the market to create Indicators to Visualize the most relevant Patterns to us in our trading today. Our goal is to reconstruct these patterns to match our understanding of the market and to simplify the process of creating reproducible trading Strategies. Information Links: www.investopedia.com
Indicatore Pine Script™
di account_closed
6
Adaptive Relative Strength (ARS by Premal Parekh)Dear All, This is my first public script modified to adapt the concept of Mr. Premal Parekh on Adaptive Relative Strength - ARS) The original Script is developed by modhelius. I have proved the version as per my requirement and included concept of ARS. This script will remove the manual calculation task which is required on daily basis to calculate number of sessions from ARS Date. Hope this script will be helpful. If yes, do hit like button and share with your friends. Ashish Kesarkar India
Indicatore Pine Script™
di ashxos
9
Relative Strength ComparisonThis script plots the ratio between a ticker and the selected index. Currently, I have US equities indexes listed + BTC. It's a great way to check for relative strength, determine if absolute highs relative to the ratio are being made, etc. Additionally, optional comparison of the RSI is included. I was just testing something out but figured I'd leave in here because why not. If you use this, enable the 1.0 line. Script is a bit slow, will try to optimize eventually.
Indicatore Pine Script™
di imbes2
Inverse Fisher Transform ScreenerThis is a Screener for Inverse Fisher Transform on multiple oscillators This tool is intended to aid you to visually analyse reasonable buy and sell IFT-signal thresholds across multiple tokens and different sources. It will help you speed up the tedious and manual work of trying out different IFT-settings when you're able to review the chart visually to find which values are present the most often and the location of that signal on the chart. What does it bring to the table, why is it useful? - Invese Fisher Transform on multiple oscillators such as RSI, MFI, CCI, Stochastic - Combine multiple sources into one signal, select how it's calculated - Visually review the chart for good IFT-settings - 4 dynamic buy labels with different thresholds - 4 dynamic sell labels with different thresholds - Buy and sell on signal reversal - Create your own trade alerts for automation - Backtester compatible (plots 1 and 2 for buy and sell signals) - A dynamic table counting amount of signals for each setting - The labels are automatically updated when you change the values in the settings How to use? 1. Change signal source and method 2. Change buy and sell thresholds 3. Show/hide additional labels 4. Review chart 5. Change trade settings 6. Backtest 7. Create alerts Description With this indicator you're able to visually review the signal strength of one or multiple oscillators processed with Inverse Fisher Transform ( IFT ), combine them and choose the method of calculation when they are combined. This produces a signal which strongly fluctuates between -1 and +1 instead of the more common 0-100 most oscillators uses. The intention is to make the decision making clearer and easier when you decide when to enter or exit a trade. This aims to help you remove the feelings from your trading. Inverse Fisher Transform was first presented by John Ehlers in Stocks & Commodities V. 22:5 where he proposes to process RSI with the formula for hyperbolic tangent, tanh (x). This transforms the oscillator into a smoother and more compressed version with quicker oscillations.
Indicatore Pine Script™
di asterbots
GoldenCO Aie2 Use of GoldenCO Aie2 This market price movement trend analysis uses exponential moving average which is ema5/20/50. The purpose of using this EMA is to find out the effect of price changes that occur and the current trend of the market whether bullish or bearish. It is suitable for short-term or long-term trading. for short term trading, the trader uses ema5-ema20 and for long term trading the trader can use ema5-ema50 as analysis. This indicator serves as a guide to traders in trading activities. we hope that, by recognizing and knowing the trend of this price movement it can help traders in trading activities well and can reduce risk. May it benefit the trader. DISCLAIMER : This is not Buy/Sell call, just sharing idea analysis for education. Trade at your own risk.
Indicatore Pine Script™
di TraderAsist
1
RedK Bar Strength Inspector / Bar Strength Index (BSI)Summary ========= The Bar Strength Inspector / Bar Strength Index (BSI) is an indicator that evaluates each price bar against a user-selectable set of "strength categories" - BSI then calculates a combined score from these categories and provides an index - plotted as a centered oscillator - roughly similar to the way Relative Strength Index (RSI) works, which can be used to evaluate the strength of price move and the possibilities of trend continuation or reversal. Background ============= BSI is like a Swiss-army knife with many components - so apologies upfront if this guide gets long - and i know i will still miss few pieces that needs explaining. please alert me if something is not clear. BSI is an advanced / re-built version of my Ultimate Trader Oscillator (UTO) I continue to believe that one of the best trading tools that i can use, is a tool that can automate the visual inspection of the price chart - a tool that simulates (and quantifies in numbers/score) the way we visually look at a certain price bar, and make a judgement that "this is a strong bar, so I expect the trend down to possibly reverse" - BSI is a an attempt to achieve that. An attempt to answer a simple question (in a quantifiable manner): how strong / weak is this price bar - how does it compare to previous bars ? what is the average of that strength (or weakness) for the last few bars ?(based on the trader's preferred timeframe) How does BSI work ==================== * BSI will inspect and evaluate each bar against various (selectable) strength categories. * BSI will give a -100/+100 score against each "strength category", then combine these scores into an index and create an average of that index * the average index (also called BSI) will be calculated for both a short and long lengths * the short length represents "local / short-term" strength - plotted as a blue/orange line (with an additional signal line to make easier to "read") * the long-term reflects the broader bias (sentiment) - plotted as green/red area (or mountain) How is BSI different from UTO ============================= - I wrote BSI from the ground up to validate each scoring calculation and the resulting outcomes - so i would consider BSI to be more accurate than UTO - i wrote BSI in a way to make it a lot more flexible. BSI allows me to choose which category to include in the "inspection" - the strength categories are streamlined to reflect single bar strength, strength from bar-to-bar, and relative strength (range and volume) - they have also been chosen in a way that map to commonly used Technical Analysis concepts, to increase the value of BSI and the ability to compare with other common indicators (for example, BoP, Stochastic, Relative Volume and RSI) - added the table view - which i use mainly to track the action within the current bar - and to learn more about how to evaluate strength vs weakness with various chart patterns - UTO still represents the foundation of this work - but i will not update UTO any longer so all changes will be applied to the BSI- i have been using both UTO and BSI to guide my trading for the past few months. - couple of other features in BSI: - support for instruments with no volume data (even if the user chooses volume) - number of inspection categories will show as "7" in that case - ability to plot the individual category scores, and the total weighted score (for the selected categories) - these plots are hidden by default - ability to see the total score for all 8 (or 7 in case no volume data) categories regardless of how many are active - but only in the table view - ability to be used as both a lower (independent) and a top indicator (on the price chart) -- see below examples. Structure of the BSI Strength Categories ===================================== The first 3 inspected strength categories focus on "single bar strength", they evaluate how the bar closes compared to the low, the Balance of Power (BoP) and the relative BoP The next 3 categories focus on evaluating the bar-to-bar strength: how the bar closes compared to the low of the 2-bar range, how the bar closes compared to prior close - and the relative "shift" The last 2 "strength" categories evaluate the relative range of bar compared to recent average range and the relative volume. Understanding the bar inspection & scoring approach ================================== During inspection for each category, a score is calculated with a value between 0 to 100, then it will be made "directional" - which means that +100 represents highest possible strength score and a value of -100 is the highest possible "weakness" score Note that a 0 score doesn't mean "weak" - but rather "neutral" - this can be a bit confusing until we get used to the way BSI scoring works. Example: in relative volume, a bar associated with the lowest volume observed during the lookback length, will have a 0 relative volume score -- while a bar associated with the highest volume observed will have either a +100 or a -100 score (depending on whether it's an up or down bar) - same thing for relative range.. and so on Here are the 8 strength categories evaluated by the BSI 1 Bar closing score 2 Body : Spread (BoP) ratio 3 Relative BoP 4 2-bar Closing Score 5 2-bar Shift Ratio (Shift : 2R) 6 Relative Shift 7 Relative Range 8 Relative Volume Specific meaning of keywords / concepts (within BSI context): ====================================================== Relative : compared to recently observed values (= within Lookback # bars) Shift : the change in closing value vs prior bar Bar Spread : high - low Range : True Range ..... as in the tr() Pine function, so not to be confused with "spread" More detailed notes about scoring and calculations for each strength category are included within the code BSI Settings: ============= Here is a chart showing the main sections in the BSI Settings box and how to configure it to your preference Using the BSI: ================ - I use BSI for 2 main scenarios (1) Guiding my Day-to-day trading: the usage here is roughly similar to a volume-weighted dual-period RSI .. with a lot more options - picking and choosing between the 8 strength categories in BSI allows for 255 variations of "strength evaluations" - a trader can choose to focus only on "single bar strength" score categories, so only picks the top 3 in the settings - another trader wants to track only the strength reflected by the relative range and relative volume, so picks the lower 2 categories. another trader wants to use BSI as a volume weighted Balance of Power.. and so on. Many combinations are possible. i have added couple of charts that explain some of the "signals" we can expect from BSI (below chart) - note that i use the "Green/Red mountain plot" as the "prevailing sentiment" - as it confirms the longer term strength (or weakness). the BSI line plot reflects the short term strength and not necessarily tied directly to how the price is moving (see example in the chart - and also compare to how RSI works) - 2 important points here if you plan to use BSI in trading: set BSI up on a 1-min or 5-min chart and watch how it works to learn how it evaluates each bar - and always use BSI in combination with other indicators that you are familiar with to validate and confirm any signals (Important note: do not react to the values in the table as they change in real time - i found that to be very tempting - rather look at the broader context and the flow of the BSI / sentiment) - you can also test BSI with Paper Trading in TV - it's like a new car that you need some time to get used to :) (2) Use BSI to help learn chart / pattern analysis - watch BSI print scores against the various categories in real time to hone your chart (pattern) reading skills and how to evaluate strength of various bar shapes - for example, a bar that closes at the high but does not reach the mid point of the prior bar - strong or weak ? how about a doji or a hammer ? ...etc Chart showing main usage scenarios Example BSI in real time: ====================== I hope this work helps few fellow traders hone their trading skills, or help inspire other ideas - please let me know if you have feedback or suggestions.
Indicatore Pine Script™
di RedKTrader
28
TIL Currency Strength IndexTrading Indicator Lab’s Currency Strength Index for TradingView is a “multitool” of currency indices. It can calculate the strength index of major currencies namely: - US Dollar (USD) - Euro (EUR) - British Pound (GBP) - Swiss Franc (CHF) - Japanese Yen (JPY) - Canadian Dollar (CAD) - Australian Dollar (AUD) - New Zealand Dollar (NZD) Instead of using traditional formulas for index such as the Dow Jones FXCM Dollar Index, the Currency Strength Index indicator uses a close formula that factors in all the 8 currencies to calculate a whole and accurate representation of each currency’s strength. Inputs - Currency – allows the user to select one of 8 currencies to calculate and display its strength index. Choices are USD, EUR, GBP, CHF, JPY, CAD, AUD, and NZD. - Bullish Candle Color – sets the color of bullish candlesticks in the index - Bearish Candle Color – sets the color of the bearish candlesticks in the index
Indicatore Pine Script™
di tradingindicatorlab
TradeChartist Vitality™TradeChartist Vitality is a visual indicator that uses both Mean Reversion and Trend Following models to visually show the vitality of Bulls and Bears on chart based on only one factor - Sensitivity in relation to the Vital Support/Resistance derived from the Vitality Bands, Price Momentum and Volatility. =================================================================================================================== ™TradeChartist Vitality Features: ============================= Vitality Bands comprising of Vitality Mean and 5 Bull/Bear Limits. These are determined using the user defined Sensitivity from the settings (Very Low, Low, Optimal, High). Higher the sensitivity, shorter the trend and lower the Risk/Reward ratio. Vital Support and Resistance that decide the Bull and Bear Vitality using colour coded markers on top and bottom of the chart, based on the trend. Information table that shows the Bull/Bear Vitality, RSI and Price information of the Vitality Mean, Bull Limits 1-5 and Bear Limits 1-5. These prices are colour coded green or red based on the real time closing price trading above or below. Bull and Bear markers appear after the confirmation of the trend change at the start of the trend. Option to plot Pivot Points (Traditional and Fibonacci) automatically or based on user defined time frame. These are really helpful in determining the developing price dynamic based on Ranging/Squeezing/Expanding Pivot Points. Bar Colouring based on Bull/Bear Vitality. 4 Colour Themes for the Bands visuals. $ signs to help users spot potential zones to Take Profit/Move SL. The $ signs appear above/below the price bars based on the trend at zones of potential price exhaustion, critical support/resistance and other factors. Vitality Bands Transparency adjustment and Custom colour option for Pivot Points. Alerts can be created for the following. Long - Alerts when Bull signal is generated. Use Once Per Bar Close Long Take Profit - Alerts when $ signs are plotted during Bull Zone. Use Once Per Bar Short - Alerts when Bear signal is generated. Use Once Per Bar Close Short Take Profit - Alerts when $ signs are plotted during Bear Zone. Use Once Per Bar Test of Mean - Alerts when price tests the Volatizer Mean line. Use Once Per Bar Note : The script doesn't repaint, so the alerts can be used with confidence. To check this, users can do bar replay to check if the plots and markers stay in the same place. =================================================================================================================== The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc. =================================================================================================================== Best Practice: Test with different settings first using Paper Trades before trading with real money ===================================================================================================================
Indicatore Pine Script™
di TradeChartist
61
Burgerized MTF BB + Reverse Engineering RSI (RERSI) + Hidden S&RThis is a mod of a script by informanerd that has helped me immensely with my trading setup. HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it! This version is functionally essentially the same - the difference is in visualization choices and automation. Instead of selecting different timeframes, and thus having to change not one but 4 timeframes manually every time you look at a different time frame on the main chart, I found (with help from the kind community in the Pine Script chat right here on Tradingview!) a method to choose multiples so that you can have consistent results no matter what timeframe you are looking at. Default is set to multiples of 2, 4 and 8 which is the system I found works best for myself personally. I also changed visualization - crossovers are now highlighted in the background of the respective bands. By default I have chosen different transparency levels for crossovers then sitting inside the bands. This destroyed the ability to modify colors the old school way in Style tab, but I have added inputs for all the relative settings so you can modify the visual aspect to your hearts content, as I know my colors make most people barf (something I did when I was younger maybe?). Hope the nice barfs of color help you quickly see trends and reversals - I know they help me! Happy trading, no matter your timeframe! xD
Indicatore Pine Script™
di burgercrisis
8
Relative Strength 3D Indicator [CC]This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in this case the S&P 500). The second dimension captures the overall trend strength by assigning a scoring system so when all faster moving averages are stronger than slower moving averages then it gets the max points. The final dimension is the strength of the overall strength of everything so far. Buy when the indicator line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!
Indicatore Pine Script™
di cheatcountry
2
Support and Resistance by CainKellyeCheck out my automatic support and resistance indicator that uses the EMA of price change * relative volume as the bases of pivot search. It also tells the strength of the support and resistance lines calculated using a 4 times quicker EMA and using its distance from the slower one. The strongest plotted line has the maximum opacity and the weakest has the minimum opacity inside the given range. This calculation results in an organic detection of the support and resistance prices. You can set the distance range in percentage you want to have lines calculated around the current price. You can set the lines gravity distance inside which they are snapped together: the stronger line pulls the weaker to it by using strength weighted average for the new price value. You can increase the minimum opacity value in case you only see few lines (but the maximum is 15) You can change the used price for the lines to Close or High/Low but recommended is to use the average of those two (default) The distances multiplier helps to get a birds eye view easily when using 4H (or higher) chart and a separate one to use on Daily / Weekly / Monthly for even broader view. Lines and labels are drawn near the candles so you are still able to zoom in. Labels are not drawn when their line is barely visible (transparency >= 80) This indicator has been refined on the 15 minute and 1 hour charts of BTC and other cryptos but it works well in smaller volatility markets as well if the distances are adjusted accordingly.
Indicatore Pine Script™
di CainKellye
2
One For All - Trend Insight System (Light ver.)Introduction : Compared to the TIS v1.0, this "light" version is simpler to use and to understand, hence it will suits the basic needs of traders and investors looking for a clear and user friendly indicator to assess the current trend situation for continuous markets. The settings allow an adaptation for call markets, but more backtesting needed at your discretion (see notes below on call markets). The TIS takes price action, volume and volatility, to : - provide a clear and easy to interpret global picture on the current trend siuations - give hints for decent take profit and exit points - help find support and resistance levels - assess trend strength and momentum Disclaimer : The Trend Insight System (TIS) is among the most perfected trend following indicator. Built around the Verbatim (the main colored line), it is inspired by Tushar S. Chande's work on volatility, that I really enjoyed reworking in-depth and re-engineer from scratch, after some tweaks and managing to factor-in the volumes, the Verbatim was born. The Verbatim is essentially a "smart" moving average that will adapt itself to the price action, the volatility and the volumes, in order to filter-out whipsaw price action and help the user clarify opportunities for trend trading. Since the various components of the TIS helps serve as Support & Resistance level (see examples below), it will also prove to be helpful for swing traders. Please use with caution, proper risk management and along with your favorite oscillator, channels, candlestick reading and signals system (such as the Pattern Detection System that will be provided complimentary to the TIS, in a separate script). Some explanation : Verbatim line : - Green shows a bullish trend, orange for consolidation and red for bearish trend - When it consolidates, it can be extended to the right to be used as a Support & Resistance line example use case : In summary : - A possible entry is when price action confirms over the consolidating (orange) Verbatim, or after the Verbatim turns green. Please note that they both can prove to be false trend start, so these signals are best used with other indicators for confirmation - A possible exit point show up when the price action starts closing into the Verbatim, or even safer, when the price action confirms under the verbatim, again, to be used with other indicators on the side Trend Strength and Momentum: - Read the current status at a glance - Trend strength is the relative position of each trend lines (most of which are hidden on this "light" version), from -100% (=bear power) to +100% (=bull power) - Momentum is measuring the slope of the Verbatim (and another hidden "smart" trend line) also from -100% to +100%; trend lines pointing downwards = bears waking up / in force, horizontal = consolidation or upwards = bulls waking up/in force Important notes : While is a very powerful yet easy to read Technical Analysis tool, it has been fully optimized for continuous markets such as crypto. It is highly advised to use the default settings provided as they have been backtested more thoroughly ("continuous market" and "close" input) To prevent confusing casual users and to avoid overoptimization -risky at best and counter productive at worst, according to legendary traders such as Mark Douglas- this version has most of the customization settings locked out; volume integration, smoothing method used, smoothing constant, volatility setting, period of study. The settings left available are : - continuous market / call market selection, selecting "continuous maket" will use a specifically designed method of calculation for volatility , based on ATR, while selecting "call market" will automatically use ATR for calculating the volatility , and - input source selection for the volatility calculation, which only works for "continuous market". The locked out settings might be included in the future in a more restricted yet complete "Expert mode" version. End notes : It will always be considered a work in progress to help bring out the best of trend analysis. Suggestions are welcomed to make it a more user-friendly tool.
Indicatore Pine Script™
di CptFantastic
9
One For All - Trend Insight System v1.0Introduction : The TIS takes price action, volume and volatility, to : - provite a clear and easy to interpret global picture on the current trend siuations - give hints for good take profit and exit points (see local consolidation line) - help find support and resistance levels - assess trend strength and momentum Disclaimer : The Trend Insight System (TIS) is among the most perfected trend following indicator. Built around the Verbatim (the main colored line), it is inspired by Tushar S. Chande's work on volatility, that I really enjoyed reworking in-depth and re-engineer from scratch, after some tweaks and managing to factor-in the volumes, the Verbatim was born. The Verbatim is essentially a "smart" moving average that will adapt itself to the price action, the volatility and the volumes, in order to filter-out whipsaw price action and help the user clarify opportunities for trend trading. Since the various components of the TIS helps serve as Support & Resistance level (see examples below), it will also prove to be helpful for swing traders. Please use with caution, proper risk management and along with your favorite oscillator, channels, candlestick reading and signals system (such as the Pattern Detection System that will be provided complimentary to the TIS, in a separate script). Some explanation : Verbatim line : - Green is bullish trend, orange for consolidation and red for bearish trend - When it consolidates, it and be extended to the right to be used as a Support & Resistance line example use case : Local consolidation line : - A more optimal way to find an exit point when we have missed a top formation example use case : Verbatim channel : - A way to visualize price disequilibrium example use case: Verbatim cloud: - Stronger Support and Resistance levels - Price disequilibrium - Consolidation range (when Verbatim is inside the cloud and did not go through) example use case: Trend Strength and Momentum: - Read the current status at a glance - Trend strength is the relative position of each trend lines, from -100% (=bear power) to +100% (=bull power) - Momentum is measuring their slope also from -100% to +100%; trend lines pointing downwards = bears waking up / in force, horizontal = consolidation or upwards = bulls waking up/in force Important notes : While is a very powerful yet easy to read Technical Analysis tool, it has been fully optimized for continuous markets such as crypto. Each item of the Trend Insigth System can be disabled to suit your personal use. It is highly advised to use the default settings provided. To prevent confusing casual users and to avoid overoptimization -risky at best and counter productive at worst, according to legendary traders such as Mark Douglas- this version has most of the customization settings locked out; volume integration, smoothing method used, smoothing constant, volatility setting, period of study. The settings left available are : - continuous market / call market selection, selecting "continuous maket" will use a specifically designed method of calculation for volatility, based on ATR, while selecting "call market" will automatically use ATR for calculating the volatility, and - input source selection for the volatility calculation, which only works for "continuous market". The locked out settings might be included in the future in a more restricted yet complete "Expert mode" version. End notes : It will always be considered a work in progress to help bring out the best of trend analysis. Suggestions are welcomed to make it a more user-friendly tool.
Indicatore Pine Script™
di CptFantastic
8
Trend Power Index [Fournier-Eaton]Trend Power Index measures the power of a given trend relative to its past strength. Increasing values indicate strengthening of an upward trend or weakening of a downward trend Decreasing values indicate strengthening of a downward trend or weakening of an upward trend. Crossing zero is a confirmation of trend initiation in the respective direction Note: Parameters may be changed to account for low cycle times and high volatility As always, please make any suggestions you might have or share problems or successes. Any feedback is helpful.
Indicatore Pine Script™
di BradfordFournier
1