Elder Ray Bull and Bear Power OscillatorsElder Ray Bull and Bear Power Oscillators
Tradingview Screener Bull Bear Power(BBPOWER)
OVERVIEW
The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are:
The highest price displays the maximum buyer’s power within the day.
The lowest price displays the maximum seller’s power within the day.
The moving average can be construed as a price agreement between buyers and sellers for a given time period.
The Bulls/Bears power balance is important since changes in this balance can signal the early stages of a potential trend reversal.
CALCULATION
Elder uses a 13-day exponential moving average (EMA) to indicate the consensus market value.
Bull Power is calculated by subtracting the 13-day EMA from the day’s high.
Bear Power is derived by subtracting the 13-day EMA from the day’s low.
TRADING WITH THE ELDER RAY BULL AND BEAR POWER OSCILLATORS
BULL POWER
Where a currency uptrend is sustained to the point that maximum prices move above the EMA the Bull Power histogram will be greater than zero. As price maximums accelerate to greater levels (above the EMA) during the rising trend histogram bars will increase in height above the zero line showing the increased buying strength during the period.
BEAR POWER
Where a currency downtrend is sustained to the point that minimum prices move below the EMA the Bear Power histogram will be less than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trend histogram bars will increase in height below the zero line showing increased selling strength during the period.
TRADING SIGNALS
It is important for traders to use the Elder Ray oscillators in conjunction with the EMA overlay over the price chart (typically as per period being analysed) to give additional context to the signals. Sell signals are given if Bull Power is above zero and there is a bearish divergence in the Bull Power histogram or if the Bull Power histogram is above zero and falling.
Buy signals are given if Bear Power is below zero and there is a bullish divergence in the Bear Power histogram or if the Bear Power histogram is below zero and rising. It is extremely important for traders to only trade in the above scenarios if the direction of the trend indicated by the slope of the EMA on the price chart is in the direction of their trade when the signal is given (or shortly after).
Ayı Formasyonları
Fisher Transform DivergenceEhler's Fisher transform with instant confirmation divergences.
Scheduled update is adding hidden divergences, currently under construction
Dependent Variable Odd Generator For Machine Learning TechniquesCAUTION : Not suitable for strategy, open to development.
If can we separate the stagnant market from other markets, can we be so much more accurate?
This project was written to research it. It is just the tiny part of the begining.
And this is a very necessary but very small side function in the main function. Lets start :
Hi users, I had this idea in my mind for a long time but I had a hard time finding the parameters that would make the market stagnant. This idea is my first original command system. Although it is very difficult to make sense of the stagnant market, I think that this command system can achieve realistic proportions. With 's money flow index, I opened the track to determine the level. On the other hand, the prices were also using a money flow index, and it forced me to make the limitations between the levels in a logical way. But the good thing is that since the bollinger bandwidth uses a larger period, we are able to print normal values at extreme buy and sell values.
In terms of price, we can define excessive purchase and sale values as the period is smaller. I have repeatedly looked at the limit values that determine the bull, bear, and bollinger bandwidth (mfi), and I think this is the right one. Then I have included these values in the probability set.
The bull and bear market did not form the intersection of the cluster, and because there are connected events, the stagnant market, which is the intersection, will be added to the other markets with the same venn diagram logic and the sum of the probability set will be 1. is equal to. I hope that we can renew the number generators in the very important parameters of machine learning such as Markov Process with generators dependent on dependent variables, which bring us closer to reality. This function is open to development and can be made of various ideas on machine learning. Best wishes.
This code is open source under the MIT license. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com
[astropark] SuperTrend Bollinger MAsHi Followers,
here it is a new script, based on SuperTrend indicator!
As plus you will be able to activate Bollinger Bands and 6 simple moving averages.
What's the SuperTrend?
As you can see from the chart, the SuperTrend Indicator
defines moving support & resistance levels for price action with its clouds and trendlines
catches trend changes when black line (the Slow SuperTrend) switches from staying upper price action to down and viceversa
shows you on background bearish momentum in red
shows you on background bullish momentum in green
This is not a free indicator, so send me a private message in order to get access to this script.
Do you like my scripts? Offer me a coffee, a beer, a pizza or whatever :)
BTC jar: 1K5kuYQPEqoNo6GRmJbHWMPmqwKM5S3oRR
ETH jar: 0x091b541a6dd6fe08c4e7bd909baafb2fce9b975e
LTC jar: LSVoAChsZrVsvbNyUfdpxtFpDAUSaUTUig
XRP jar: (XRP deposit tag) 103997763 (XRP deposit address) rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh
PS: Do you need a customization or do you need a dev who implements your strategy? send me a private message ;-)
Engulfing Scanner v1This indicator helps you to quickly identify bullish and bearish engulfing patterns.
Works on currencies only (pips required).
Plain Stochastic Divergence Stochastic Divergence
Plain simple way of calculating divergences
We all have times when we want to see just the divergences and nothning else
This script is minimalised to visualize that
references :
// stochastic // divergence // stoch //
Sentiment Zone OscillatorHere's a (forgotten but still useful) Sentiment Zone Oscillator. The Sentiment Zone Oscillator takes a sum of positive price candles over a user-specified window length. Normally, a triple exponential moving average of the sum is used, but we opted to just go with a double EMA for the sake of more responsiveness. When the histogram is green it is bullish and red/pink means bears.
[astropark] Binance Triple MAsDo you miss Binance basic MAs series on your trading view chart?
Enjoy!
Oversold/Overbought RSI backgroundOften a background color is way better of an indicator.
Now you can directly see in your chart when price is in Oversold (red) or in Overbought (green), based on RSI analysis.
Enjoy!
Oasis Trading SuiteOasis Trading Suite
Introduction: The Oasis Trading Suite is a TradingView indicator designed to make following trend and finding key pivot points very easy. It provides the trader with advanced trend coloring for candles, pivot points both high and low, and a trail that will follow price and give signals when a “buy the dip” or “sell the rally” opportunity is presented.
Part One: Candle Coloring
The Oasis Trading Suite colors candles based on a trending bullish or bearish bias; this will override the default red/green coloring of candles which is based on closes.
Bullish Candles will be denoted with a green color by default.
Bearish Candles will be denoted with a red color by default.
Neutral Candles will be denoted with a gray candle by default. These are candles that do not have a trending bias.
Part Two: Pivots
In addition to the normal red/green/gray candles there are also blue and orange candles. These candles are pivot bars.
Blue bars denote Bottom Pivots
Orange bars denote Top Pivots
These pivots are not exactly support and resistance, but more of a zone of influence. They can act as support and resistance, swing zones, and breakout points. These are not standard pivots, they do not repaint, they form live and once closed will not move candles.
Part Three: Trail
Finally, the Oasis Trading Suite gives the trader a trailing line that will turn green or red depending on trend. If price falls to the trail and the low (for green trail) is the only thing below the trail it will give a “buy the dip” signal. If the high (for red trail) is the only thing above the trail it will give a “sell the rally” signal. This trail is slightly lagging, so when trend is shifting there will sometimes be false signals at the final shifting point. I am experimenting with removing as many as possible using the “Strict Mode” found in the input settings for the Oasis Trading Suite.
Buy the Dip will be denoted by a Blue Arrow
Sell the Rally will be denoted by an Orange Arrow
For Access or Questions: Private message us. Thank you.
Bilateral Stochastic Oscillator - For The Sake Of EfficiencyIntroduction
The stochastic oscillator is a feature scaling method commonly used in technical analysis, this method is the same as the running min-max normalization method except that the stochastic oscillator is in a range of (0,100) while min-max normalization is in a range of (0,1). The stochastic oscillator in itself is efficient since it tell's us when the price reached its highest/lowest or crossed this average, however there could be ways to further develop the stochastic oscillator, this is why i propose this new indicator that aim to show all the information a classical stochastic oscillator would give with some additional features.
Min-Max Derivation
The min-max normalization of the price is calculated as follow : (price - min)/(max - min) , this calculation is efficient but there is alternates forms such as :
price - (max - min) - min/(max - min)
This alternate form is the one i chosen to make the indicator except that both range (max - min) are smoothed with a simple moving average, there are also additional modifications that you can see on the code.
The Indicator
The indicator return two main lines, in blue the bull line who show the buying force and in red the bear line who show the selling force.
An orange line show the signal line who represent the moving average of the max(bull,bear), this line aim to show possible exit/reversals points for the current trend.
Length control the highest/lowest period as well as the smoothing amount, signal length control the moving average period of the signal line, the pre-filtering setting indicate which smoothing method will be used to smooth the input source before applying normalization.
The default pre-filtering method is the sma.
The ema method is slightly faster as you can see above.
The triangular moving average is the moving average of another moving average, the impulse response of this filter is a triangular function hence its name. This moving average is really smooth.
The lsma or least squares moving average is the fastest moving average used in this indicator, this filter try to best fit a linear function to the data in a certain window by using the least squares method.
No filtering will use the source price without prior smoothing for the indicator calculation.
Relationship With The Stochastic Oscillator
The crosses between the bull and bear line mean that the stochastic oscillator crossed the 50 level. When the Bull line is equal to 0 this mean that the stochastic oscillator is equal to 0 while a bear line equal to 0 mean a stochastic oscillator equal to 100.
The indicator and below a stochastic oscillator of both period 100
Using Levels
Unlike a stochastic oscillator who would clip at the 0 and 100 level the proposed indicator is not heavily constrained in a range like the stochastic oscillator, this mean that you can apply levels to trigger signals
Possible levels could be 1,2,3... even if the indicator rarely go over 3.
Its then possible to create strategies using such levels as support or resistance one.
Conclusion
I've showed a modified stochastic oscillator who aim to show additional information to the user while keeping all the information a classical stochastic oscillator would give. The proposed indicator is no longer constrained in an hard range and posses more liberty to exploit its scale which in return allow to create strategies based on levels.
For pinescript users what you can learn from this is that alternates forms of specific formulas can be extremely interesting to modify, changes can be really surprising so if you are feeling stuck, modifying alternates forms of know indicators can give great results, use tools such as sympy gamma to get alternates forms of formulas.
Thanks for reading !
If you are looking for something or just want to say thanks try to pm me :)
BOSS Smooth Stochastic-RSI And RSI Oscillators With Alerts THE BEST FOREX, BINARY OPTIONS, STOCK AND CRYPTO INDICATORS FOR TRADINGVIEW.COM
Our Smooth Stochastic RSI indicator and our RSI indicator all combined in one!
BACKGROUND AND BAR COLOR
Green=BULLISH
Yellow= NEUTRAL/TRANSITIONAL
Red= BEARISH
ALERTS
GET ALERTS FOR BULLISH AND BEARISH CROSSOVERS ON STOCHASTIC RSI
GET ALERTS WHEN RSI LINE IS GREEN AND RED
SMA 50 collectorHello traders
The SMA 50 is known to define a trend. If price is closing above, trend is bullish, if below, trend is bearish.
That's why I like to have all of them on my chart :)
Enjoy
David
💸 Divergence Finder v1.0 by Cryptothythms💸 Divergence Finder v1.0 by Cryptothythms
Intro
This indicator is meant as a quantitative look at divergences. Special thanks to RicardoSantos (legend!) for his divergence detection script which was used as a basis to construct this.
Usage
Lime Green = Regular Bullish Divergence
Dark Green = Hidden Bullish Divergence
Red = Regular Bearish Divergence
Maroon = Hidden Bearish Divergence
Remember... divergences do not have a high probability success overall. So to mitigate that this is an attempt to source many "opinions" on the state of divergence from many different classes of indicators.
Leading indicators - Lead price action, but have a higher probability of false signals
Real time indicators - Track price action, momentum, etc in a tick by tick state. Generally a 1-3 bars lag can be present.
Lagging indicators - Lag price action a little, but offer more in terms of confirmation of the divergence
Volume indicators - Look at volume flow in different fashions and give an added dimension to divergence finding. Remember volume divergences interact with price independently. For instance volume can be going down, but price going up. Be sure to understand the relationship of volume and price action when considering these readings.
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/cryptorhythms
24/9 EMA with Bias & SignalsThis is a simple indicator that plots the 24 & 9 EMAs.
It also highlights the potential bias of the market (bull or bear) based on if the 9 EMA is above or below the 24 EMA.
In addition there are signal crosses that you can use for alerts.
This indicator is best used to confirm a particular underlying bias on the 5m, 15M, 1HR, 4HR, and Daily timeframes.
It's important to note on lower timeframes that the bias can be counter trend bias of the overall larger momentum of the instrument you are trading.
For clarity this means that many retraces get going when the 9 crosses the 24. But ultimately the larger timeframe bias will continue after this counter trend retraces.
Combining this indicator with value channels and ATR is what I recommend.
Turbo TriggerSome Words
This indicator is a collaboration between me and Himeyuri, i encourage you to check her profile and follow her www.tradingview.com
Introduction
A lot of indicators include a "trigger" line, it can be a smoothed version of another input, in this case the trigger will generate signals from his crosses with the input. The purpose of this indicator is to provide a fast trigger line to generate earlier signals as well as avoiding some whipsaw.
The Indicator
There are two lines, a bull line (blue) and the trigger (orange) , when the trigger cross over the bull line a buy signal is generated, when the trigger cross under the bull line a sell signal is generated. The trigger is made from the smoothed difference between the bull and bear line.
smooth control the smoothness of the output. The Bull/Bear Mode is an idea proposed by Himeyuri that involve plotting the bear line instead of the trigger.
Bull/Bear Mode, the lines are somewhat asymmetrical from each others.
Conclusion
We have showcased a new indicator who use a really fast trigger line to generate earlier signals, if some are way to earlier you can still increase smooth in order to correct reactivity. I hope you find a use to it.
Thanks for reading !
A big thanks to Himeyuri who is a great student and great pinescripter.
Combo Strategy 123 Reversal & Bear Power This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
Trader Set - Volume TrendThis is a little GIFT from me to the community.
It uses one of the volume candle subtype formulas to define if there is a trend in the market or not.
Keep in mind that this script uses security on 60 minute (hourly) time frame, so, fundamentally it can have little repaint but as long as you don't update your charts, there shouldn't be any problem and even with chart update and refreshing, the chance for a repaint is really small.
Also, because this uses 60 minute time frame to determine if there is a trend or not, you can't use it on time frames higher than hourly charts, even on hourly chart it's not acceptable for most conditions. but on minute charts, it should be a nice helper to show "possible" direction of the market.
Remember, as many indicators, this just INDICATES a suggestion and it's not written on hard stone.