Stochastic MomentumThis RSI indicator uses the difference between the K and D values in the Stochastic RSI indicator. Using the same layered lengths of 12, 24, 48 and 96 intervals that the Avg Stoch RSI indicator, this offers a rate of change momentum measurement. Crossovers are at zero, this indicator gives a clearer indicator of market momentum.
Momentum Göstergesi (MOM)
Compare Price Momentum Oscillator [CC]The Compare Price Momentum Oscillator was created by Vitali Apirine (Stocks and Commodities Aug 2020 pg 16) and this is a handy indicator to compare the momentum of the current symbol you are looking at to the s&p to determine the relative strength of the underlying security. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Table: Relative Strength Index (Multiple Timeframes) DESCRIPTION
It is the most popular and dependent Indicator, Relative Strength Index (RSI) . Now, I put inside a table to view chart momentum from Multiple timeframes.
This indicator tells different Timeframe (30 minutes, 1 hour, 4 hour, 1 day, 1 week, 1 month) of RSI value within table form.
HOW TO USE
Can consider a Long position when all timeframes go oversold while Short position when all timeframes go overbought. Alarm function is available. It sounds as all timeframes are overbought or oversold.
Modified The source of indicator from ©BeeHolder named "Performance"
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Trend Indicator B-V2 (Momentum measuring)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Momentum - Strategy ScriptBased on the bult-in momentum script, I took the liberty of updating it, adding two features.
First, I would like to see the momentum oscillator showing percentage values, rather than absolute values. Visually facilitating analysis in long-term graphs.
Second, just for fun*.
I don't know how to explain the reason exactly, but for the strategy bult-in script, I didnt like the formula of "mom1" calculation.
So I changed it for a formula that made the most sense to me.
In any case, the original script remains in the code, optionally disabling the "percent" option and selecting the MOM1 option in the "MOM Choice" field, for the purpose of study and comparisons.
The script below is opened for study and any suggestions will be welcome.
I hope it can help the community.
It's just the beginning.
Study only purpose.
I tried to follow the code conventions found in the link below.
www.pinecoders.com
Return (Percent Change)This Script displays Regular or Log Returns as either a line or histogram and labels the current bar.
If something other than price is selected as the source, the result is percent change with a positive or negative slope.
If a moving average of price is used as the source, the result is analogous to a strength index
Other options include a look-back period adjustment (the default is 1),
smoothing results by converting to an EMA, and
Bollinger Bands with Length and Standard Deviation inputs.
Squeeze Momentum [Plus]The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum).
What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels .
This is interpreted as price is compressing and building up energy before releasing it and making a big move.
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Now to explain the parameters:
Squeeze Input - This is just the source for the Squeeze to use, default value is closing price.
Length - This is the length of time used to calculate the Bollinger Bands and Keltner Channels .
Bollinger Bands Calculation Type - Selects the type of moving average used to create the Bollinger Bands .
Keltner Channel Calculation Type - Selects the type of moving average used to create the Keltner Channel.
Color Format - you to choose one of 5 different color schemes.
Draw Divergence - Self explanatory here, this will auto-draw divergence on the indicator.
Gray Background for Dark Mode - to make them more visually appealing.
Added ADX (Average Directional Index) that measure a trend’s strength. The higher the ADX value, the stronger the trend. The ADX line is white when it has a positive slope, otherwise it is gray. When the ADX has a very large dispersion with respect to the momentum histogram, increase the scale number.
Added "H (Hull Moving Average) Signal". Hull is a extremely responsive and smooth moving average created by Alan Hull in 2005. Have option to chose between 3 Hull variations.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility, and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
(JS) BallistaAlright so this is a script I made by combining two existing ones and making a really cool discovery that has proven very useful.
You'll notice that there are two separate oscillators that are laid on top of each other. The background oscillator is my "Tip-and-Dip" oscillator which you can see here (will refer to this as TnD from here), and the foreground oscillator from the Squeeze , which can be viewed here .
Initially I just wanted to see how they interacted with one another and compare them, but this led to some pretty interesting observations.
First let me go through the options real quick to get that out of the way, though it is mostly self-explanatory.
Lookback Period defines the amount of bars used for the TnD oscillator.
Smoothing Value smooths out the TnD output.
Standard Deviations is used to calculate the TnD formula.
Color Scheme is preset BG colors.
Using Dark Mode changes colors based on dark mode or not.
Squeeze Momentum On turns the Squeeze in the foreground off and on.
Arrows Off turns the arrows on the indicator off and on.
Now to explain the indicator a bit more. I have the default lookback period as 40 due to the Squeeze being 20, which makes the TnD oscillator the "slow" output with the Squeeze being the "fast" output.
Some initial observations were that when both the Squeeze and the TnD are moving in the direction, when the Squeeze is higher (uptrend) or lower (downtrend) it seems to indicate strength in the move. As the move loses steam you'll notice the Squeeze diverge from the TnD.
However, the most useful thing I discovered about the interaction between these two indicators is where the name for it came from. So if you aren't familiar with what a Ballista is, per Wikipedia, "The ballista... sometimes called bolt thrower, was an ancient missile weapon that launched either bolts or stones at a distant target." There are instances where the Squeeze seems to get ahead of itself and gets too far away from the TnD (which is the long term trend between the two). The key thing to look for is an "inverted squeeze" - this is when the squeeze oscillator ends up flipping against the TnD. When this occurs there is an extremely high probability that you'll see price shoot back the opposite way of the Squeeze.
I've been using this setup myself for about a year now and have been very satisfied with the results thusfar. I circled some examples on the SPX daily chart here to show you what I mean with the inverted Squeeze shooting back.
Momentum Rotation Indicator [CC]I have developed this custom indicator very loosely based on the Sector Rotation Model (Giorgos E. Siligardos. Technical Analysis of Stocks & Commodities, August 2012) and I called it the MRI because this is essentially a brain scan of any particular stock. This will not only tell you when a stock is breaking out over the market at large but also how the stock is doing compared to its own history. Buy when the line turns green and sell when the line turns red.
Let me know if there are any other indicators you would like to see me publish!
Dynamic Momentum Oscillator (DYNAMO) by M.YALCINIn July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation.
The Dynamo oscillator is a normalizing function that adjusts the values of a standard oscillator for trendiness by taking the difference between the value of the oscillator and a moving average of the oscillator and then subtracting that value from the oscillator midpoint.
Dynamo Oscillator is calculated according to:
Dynamo = Mc - ( MAo - O )
where:
Mc = the midpoint of the oscillator
MAo = a moving average of the oscillator
O = the oscillator
Usage:
This concept can be applied to most oscillators to improve their results.
This example applies it to an RSI oscillator in MetaStock:
50-(Mov(RSI(14),21,S)-RSI(14))
where:
Mc = RSI's midpoint = 50
MAo = Moving average of the RSI = Mov(RSI(14),21,S
O= RSI Oscillator = RSI(14)
Also with this indicator, you can adjust the moving average type and RSI calculation types dynamically.
Dziwne Trend Indicator A (EMA + Heikin Ashi cloud)First script ever publish.
It is a very simple trend indicator based on EMAs and Heikin Ashi .
DT Dual-Lookback DLBThis script is based on the concept of Robert Miner Book "High Probabilities Strategies"
This script shows at the same time two timeframes and the overlapping area.
The green and red area shows the higher time frame period just as Robert Miner did this in his videos.
Because Robert Miner just says: 8.. 13.. 21.. i used this also as type for the setup.
This is not a complete trading strategy, but if fibonacci retracement/extensions in price and time and
elliot waves position and DT Dual-Lookback comed together there is a perhaps a signal.
Please read his book and look at his website and his DT reports to learn more about his strategy.
Structure AnalyzerA momentum indicator that uses the highest and lowest values for price in three different lookback lengths to find the performance relative to three timeframes.
- The yellow line is the product of the price performance in three different timeframes.
- The red line is 200 EMA of the performance.
- The blue columns represent the same calculation or the volume(OBV based).
- The aqua line is the 200 EMA of the volume performance.
How to use: Whenever the performance crosses above the 200 EMA, the price is in an uptrend.
Important: When in a downtrend, the performance will stay below the 200 EMA for a long time; hence it is important o wait until the crossover.
Nimblr Strategy- Momentum Candle IndicatorDescription:
Strategy uses the Nimblr advice.
It display the momentum candle with diamond on top of the candle.
Candle Height= High-Low
Body Height=Open- close
Criteria:
Candle height=100%
And body Height >50%
NSE:NIFTY
Super Momentum OscillatorA new momentum oscillator. I uploaded this previously but it got deleted I believe because apparently my chart was too cluttered.
Hopefully this is good enough... made some updates as well since then.
What you have is six (!) momentum oscillators that can be weighed together however you please. They are centered on 0 with a fill so its also easy to overlay them (as shown).
Since momentum oscillators vary heavily chart to chart, in terms of resolution, I added that as an option so you can keep the hlines as they are.
Can be useful for spotting higher time frame moves on lower time frames without any of the repaint or needing 6 chart screens. Also a solid improvement over the indicators where people just throw a dozen different length plots together and you have no idea where to look in the end. IMO, at least.
Mix and match high and low lengths however you please.
Also it looks wicked with rasta colors. SMOke (super momentum oscillator kills everything)... your way into financial freedom, mon!
Rainbow Trend IndicatorThis is an indicator based on the MA rainbow concept. It is possible to choose between 15 or 20 MA's and if all 15 MA's is picked, the calculation will be calculated on 15 MA's and if 20 is picked the calculation is calculated on 20 MA's. The indicator will then be a line which is assigned a value from the calculation based on the MA's. If the line is above the dashed zero line, meaning the line's last value is a positive value, the price is in a uptrend and if the line is below the dashed zero line, meaning the line's last value is a negative value, the price is in a downtrend.
In short
If the line is green, the price is in a uptrend. If the line is red, the price is in a downtrend.
Super Momentum StrategyThis is a strategy utilizing multiple of Evergets RMI (thanks to him for permission to publish) and a Chance Momentum.
It buys when 4 of the RMIs are below their thresholds and sells when they are above. There is a 5th one I added last night that works in Reverse - buy when its above and sell when below, which should work better for pyramiding strats by using it at the right rate to set the overall trend.
Very basic sample below, I could have set it up better as my example but just want to publish.
Momentum Indicator avg short return minus avg long returnAverage daily return over the period 2-12 months ago minus the average daily return over the period 1-5 years ago
=> a higher return 2-12 months ago indicates a higher return in coming months according to research, because of the momentum risk factor premium
=> a higher return 1-5 years ago indicates a lower return in coming months according to research, because of the momentum risk factor premium
TMO with TTM SqueezeApplication of the TTM squeeze and the short-term momentum TTM Wave A in action. This is an example where the short-term wave will react faster than the TTM to give you a signal to start building your positions.
This indicator needs to be combined with "TTM Wave A" (add to existing pane).
The TTM Squeeze works like a better MACD. There is a zeroline and histogram bars above / below represent positive and negative momo. As the height of the bar decreases when above the zeroline, that is called decreasingly positive momo and as the height of the bar decreases when below the zeroline, that is called decreasingly negative momo. The dots on the TTM Squeeze: Red dots represent consolidation where Bollingers are inside the Keltner Channels and green dots represent a move out of consolidation or "squeeze fire". As price action comes out of consolidation there is a bigger move up/down depending on where momo is heading and where prices are (key support/resistance levels, fib areas). You want to use the TTM Squeeze and A wave TOGETHER - TTM Squeeze is your main momo and your A wave is a short-term momo wave that reacts faster and works as a leading gauge. You need to use them TOGETHER to gauge where price action may be heading. When the TTM Squeeze and A wave move lockstep together, let's say both are decreasingly positive, there is a good probability it continues to move in that direction to the next support levels. TWO bars on the TTM Squeeze of different heights is confirmation that in most cases means it will move in the direction of those bars. So if decreasingly positive, you'll see two darker bars. By the time you get your 2nd bar on the TTM Squeeze, it is often too late or you're losing profit. Way to counter that is after you get one darker bar in the opposite direction of current trend, use A wave to "predict" the next wave, the more A wave histogram bars going towards the other direction, the higher the certainty it will hit. Lastly, using these waves together works best when you look at it on MULTIPLE TIME FRAMES. (Credit for this details goes to Brady from Atlas).
TTM Wave AApplication of the TTM squeeze and the short-term momentum TTM Wave A in action. This is an example where the short-term wave will react faster than the TTM to give you a signal to start building your positions.
This indicator needs to be combined with "TMO with TTM Squeeze" (add to existing pane).
The TTM Squeeze works like a better MACD. There is a zeroline and histogram bars above / below represent positive and negative momo. As the height of the bar decreases when above the zeroline, that is called decreasingly positive momo and as the height of the bar decreases when below the zeroline, that is called decreasingly negative momo. The dots on the TTM Squeeze: Red dots represent consolidation where Bollingers are inside the Keltner Channels and green dots represent a move out of consolidation or "squeeze fire". As price action comes out of consolidation there is a bigger move up/down depending on where momo is heading and where prices are (key support/resistance levels, fib areas). You want to use the TTM Squeeze and A wave TOGETHER - TTM Squeeze is your main momo and your A wave is a short-term momo wave that reacts faster and works as a leading gauge. You need to use them TOGETHER to gauge where price action may be heading. When the TTM Squeeze and A wave move lockstep together, let's say both are decreasingly positive, there is a good probability it continues to move in that direction to the next support levels. TWO bars on the TTM Squeeze of different heights is confirmation that in most cases means it will move in the direction of those bars. So if decreasingly positive, you'll see two darker bars. By the time you get your 2nd bar on the TTM Squeeze, it is often too late or you're losing profit. Way to counter that is after you get one darker bar in the opposite direction of current trend, use A wave to "predict" the next wave, the more A wave histogram bars going towards the other direction, the higher the certainty it will hit. Lastly, using these waves together works best when you look at it on MULTIPLE TIME FRAMES. (Credit for this details goes to Brady from Atlas).
Effective Divergence Indicator
What is EffDI?
Effective Divergence Indicator(EffDI) is a modified Momentum indicator designed to detect divergences in stocks, futures, forex, and crypto, just to name a few.
How does it work?
It uses the EMA of daily velocity.
Isn't this the same as Momentum
No. Momentum compares the price x days ago, while this takes the EMA of the daily velocity.
Why is it better than momentum in detecting divergence?
Because it uses an EMA, an EMA gives weight to the latest prices. I don't know how to explain the logic behind this, but it works :)
ok,ok, I get it, but how do I use it to buy, sell, and get a ton of profits?
Refer to the diagram below.
Steps:
Step 1: Locate the divergence(marked A,B,C and D): no divergence, no trade.
Step 2: Locate the last EffDI high. Mark that E.
Step 3(entry): Buy when price goes above E. For shorts, Short Sell when price goes below E.
Step 4(exit): Exit position when another divergence is detected,
OR
When A new Lower Low is formed.
As you can see, if you follow the steps, there is a good chance the profits will come to you. Cheers!
DO YOU WANT MORE GOOD INDICATORS LIKE THESE TO IMPROVE YOUR TRADING? Then, make sure to follow @Trader_ph (or i will eat all of your cookies)
Feel free to use my code below, BUT make sure to credit me if you make any modifications. :)