Efficient Work [LucF]█ OVERVIEW
Efficient Work measures the ratio of price movement from close to close ( resulting work ) over the distance traveled to the high and low before settling down at the close ( total work ). The closer the two values are, the more Efficient Work approaches its maximum value of +1 for an up move or -1 for a down move. When price does not change, Efficient Work is zero.
Higher values of Efficient Work indicate more efficient price travel between the close of two successive bars, which
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Heatmap Volume [xdecow]This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is done as follows:
how many standard deviations the volume are distant from the average volume?
For a better visual experience, place the borders and wicks of the candles in a neutral color.
RK's Framework 01 - Auto Color GradientThis started as a personal arrays study, but after a few tests I decided to made a framework to get my own scripts simplest, lighter and faster.
And now I'm sharing with you guys.
Is very simple to use:
Copy evething inside "RK's Auto Color Gradient Framework" block;
Paste anywhere before the plotting;
Declare the color variable name calling the function "f_autocolor(___, ___)" with the source you gonna plot and the size of the scale do you want to use to compare the data.
Feel fr
Technical RankHello Traders,
Technical Rank (TR) was authored by John Murphy . Technical Rank shows how a security is performing relative to its peers. Multiple moving averages, rate of change and the Relative Strength Index (RSI) indicators are used to calculate the Technical Rank. These values are mathematically manipulated with percentage factors and then summed together. there are 3 parts, long term, middle term and short term. for Long term part Moving Average with length 200 (30%) and Rate of Chang
Logistic RSI, STOCH, ROC, AO, ... by DGTExperimental attemt of applying Logistic Map Equation for some of widly used indicators.
With this study "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)" and a custom interpretation of Logistic Map Equation is presented
Calculations with Logistic Map Equation makes sense when the calculated results are iterated many times within the same equation.
Here is the Logistic Map Equation : Xn+1 = r * Xn * (1 - Xn)
Where, the value of
[JRL] MM FibonacciThis is a new indicator that uses Murrey Math formulas to find the tops and bottoms, then uses those tops and bottoms to draw long-term fibonacci retracement levels. The genius of Murrey was his geometric formulas to calculate the right place to start plotting the lines, but I think the fibonacci ratios typically seem more accurate than the MM line ratios. So in this script I attempt to take the best of each and combine them into a new, superior indicator.
Let me know in the comments if you
[blackcat] L2 Ehlers SwamiCharts RSILevel: 2
Background
John F. Ehlers introuced SwamiCharts RSI in his "Cycle Analytics for Traders" chapter 16 on 2013.
Function
SwamiCharts retain the core functionality of the technical indicators with which you're already familiar, while packing much more information into an easy-to interpret heat map chart. With SwamiCharts, you now visualize each indicator over a range of lookback periods
to reveal a better view of the indicator's truer meaning in context. SwamiCharts provide a better
A Useful MA Weighting Function For Controlling Lag & SmoothnessSo far the most widely used moving average with an adjustable weighting function is the Arnaud Legoux moving average (ALMA), who uses a Gaussian function as weighting function. Adjustable weighting functions are useful since they allow us to control characteristics of the moving average such as lag and smoothness.
The following moving average has a simple adjustable weighting function that allows the user to have control over the lag and smoothness of the moving average, we will see that it can
Graham NumberGraham Number is named after the “father of value investing,” Benjamin Graham, who was a mentor of Warren Buffett. The figure takes into account earnings per share and book value per share to measure a stock's maximum fair market value. In other words, it is the upper end of the price range that a defensive investor should pay for the stock.
The Graham Number = Square Root of (22.5) x (tmm EPS) x (mrq Book Value per Share).
The 22.5 is included in the formula as a rule of thumb to account for
Equivolume BarsEquivolume bars. Width is determined by volume. Please note that equivolume bars are rendered independently of the time scale.
Makes use of @LonesomeTheBlue's "Start the Script on Last Nth Bar" in order to prevent time out. As such you are only able to view the most recent bars and no bar replay beyond that range.
Aggregate BTC CandlesThis script creates candles based on an aggregated Index price from various BTC exchange tickers. Since the early years in particular have a lot of exchange specific flash crash wicks, missing data, erraticness compared to other exchanges particularly in their first few months, this is an attempt to clean up the price history, be it for TA (trendlines, S/R etc.) or use in algos or other indicators, without reliance on one exchange. It uses the new Array functionality to generate median and avera
Bitcoin Bullish Percent IndexHello Traders,
This is Bitcoin Bullish Percent Index script. First lets talk about what the Bullish Percent Index and how it is calculated:
"The Bullish Percent Index (BPI) is a breadth indicator based on the number of securities on Point & Figure Buy Signals, Developed by Abe Cohen in the mid-1950s. Because a security is either on a P&F Buy or Sell Signal, there is no ambiguity when it comes to P&F charts. This makes BPI a straightforward indicator with clearly defined signals."
The ca
Probability of ATR Index [racer8]Deriving the indicator:
PAI is an indicator I created that tells you the probability of current price moving a specified ATR distance over a specified number of periods into the future. It takes into account 4 variables: the ATR & the standard deviation of price, and the 2 parameters: ATR distance and # bars (time).
The formula is very complex so I will not be able to explain it without confusion arising.
What I can say is that I used integral calculus & the Taylor series to derive a formula
Resampling Reverse Engineering Bands [DW]This is an experimental study designed to reverse engineer price levels from centered oscillators at user defined sample rates.
This study aims to educate users on the process of oscillator reverse engineering, and to give users an alternative perspective on some of the most commonly used oscillators in the trading game.
Reverse engineering price levels from an oscillator is actually a rather simple, straightforward process.
Rather than plugging price values into a function to solve for oscilla
72s: Adaptive Hull Moving Average+One challenging issue for beginner traders is to differentiate market conditions, whether or not the current market is giving best possibility to stack profits, as earliest, in shortest time possible, or not.
On intraday, we've seen some big actions by big banks are somewhat can be defined --or circling around-- by HMA 200 . I've been thinking on to make the visuals more conform to price dynamics (separating major movement and minor noise) to get clearer signs of when it starts to happen. So i
PMax Explorer STRATEGY & SCREENERProfit Maximizer - PMax Explorer STRATEGY & SCREENER screens the BUY and SELL signals (trend reversals) for 20 user defined different tickers in Tradingview charts.
Simply input the name of the ticker in Tradingview that you want to screen.
Terminology explanation:
Confirmed Reversal: PMax reversal that happened in the last bar and cannot be repainted.
Potential Reversal: PMax reversal that might happen in the current bar but can also not happen depending upon the timeframe closing price.
Dow
Responsive Linear Regression ChannelsThis is a linear trend indicator that can:
- automagically adjust to different chart resolutions
- snap to day/session boundaries on intraday
- totally not do the above and use ye olde good fixed lookback window
- show the regression trend and its RMSE channels
- disregard the trend and just show the period average and standard deviation lines (often acting as support and resistance)
The main idea was to allow you to quickly view linear trends for different time periods without having to calcul
Voss Predictor (A Peek Into the Future) - Dr. John EhlersI have been sitting on this for over a year, but I now present this "Voss Predictive Filter" multicator employing PSv4.0 upon initial release, originally formulated by the great and empowering Dr. John Ehlers for TASC - August 2019 Traders Tips. This is a slightly modified version of the original indicator John Ehlers designed. My improved implementation is an all-in-one combination of three indicators, consisting of Ehlers' 2-pole bandpass filter, fed into the Voss predictor, and my Correlation
Multi-Sub by jchang274How it begin?
Traders and investors use market breadth in order to assess the index’s overall health. Market breadth can be a reliable, if not an accurate, indicator of an upcoming price rise in the index. Similarly, it can also provide early warning signs for a future price decline.
What is it?
Market breadth indicators analyze the number of stocks advancing relative to those that are declining in a given index or on a stock exchange.
Market breadth refers to how many stocks are participating
Divergence Indicator (any oscillator)A modification of the TV builtin "Divergence indicator" (Version 10) that can be applied to any indicator, and can be plotted on price as well.
Usage:
Add your favorite oscillator, RSI, Klinger, TSI, CMF, or anything else to a chart.
Click the little ... (More) on the oscillator.
Then add this indicator "Divergence Indicator (any oscillator)" on your oscillator of choice.
Click the settings on this indicator and make sure the source is set to the right plot from your oscillator.
Watch for it to
Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)The purpose of this indicator is to provide an easy-to-read binary dashboard of where the current price is relative to key dynamic supports and resistances. The concept is simple, if a dynamic s/r is currently acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below.
There are some additional features, but the dot graphs are king.
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