SPY Ninja Oscillator correlates the true strength index exponential moving averages of SPY (green) and VIX (red) together. In doing so we can determine the start of trend shifts via SPY / VIX convergence in addition to crossover, with potential market entries and exits represented by the vertical green and red bars.
MACD and RSI have been scaled proportionally to the oscillator range ( for rsi: (rsi-50)*. 01 , and for macd: macd /3) and when overlaid and used in conjunction with the market vertical entry and exit signals, potential trend prediction becomes much more apparent.
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SPY Ninja Oscillator correlates the true strength index exponential moving averages of SPY (green) and VIX (red) together. In doing so we can determine the start of trend shifts via SPY / VIX convergence in addition to crossover, with potential market entries and exits represented by the vertical green and red bars.
MACD and RSI have been scaled proportionally to the oscillator range ( for rsi: (rsi-50)*. 01 , and for macd: macd /[dynamic var]) and when overlaid and used in conjunction with the market vertical entry and exit signals, potential trend prediction becomes much more apparent.
Nice work. Is this supposed to be like that S&P Oscillator that Cramer keeps referencing?
TonyCampbell
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Very nice ! VXX would be a great addition as a VIX Source......thanks....
f00nth
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@TonyCampbell, I like that Idea! I didn't realize I cant edit or delete scripts after publication so I'll wait a little while to see if I think of anything else to add in addition. As it is I want to reverse the macd colors to closer resemble the macd stock colors but that wasn't enough to warrant a republish by itself. But i'll include VXX in the next version. Thanks!