MTM - Momentum IndicatorMTM - Momentum
Description
The Momentum indicator is a speed of movement indicator that is designed to identify the speed (or strength) of price movement. This indicator compares the current close price to the close price N bars ago and also displays a moving average of this difference.
Category
Momentum Indicators
Parameters
N ( Default: 6 Min: 1 Max: 100 )
N1 ( Default: 6 Min: 1 Max: 100 )
Chart Script
MTM : CLOSE-REF(CLOSE,N);
MTMMA : MA(MTM,N1)
www.edgerater.com
Momentum Göstergesi (MOM)
TMO ScalperTMO - (T)rue (M)omentum (O)scillator) MTF Scalper Version
TMO Scalper is a special custom version of the popular TMO Oscillator. Scalper version was designed specifically for the lower time frames (1-5min intraday scalps). This version prints in the signals directly on top of the oscillator only when the higher aggregations are aligned with the current aggregation (the big wheels must be spinning in order for a small wheel to spin). The scalper consist of three MTF TMO oscillators. First one is the one that plot signals (should be the fastest aggregation), second serves as a short term trend gauge (good rule of thumb is to us 2-5x of the chart time frame or the first aggregation). The third one (optional) is shaded in the background & should only serve as a trend gauge for the day (usually higher time frames 30min+).
Time Frames Preffered by Traders:
1. 1m / 5m / 30m - This one is perfect for catching the fastest moves. However, during choppy days the 1min can produce more false signals..
2. 2m / 10m / 30m - Healthy middle, the 2min aggregation nicely smooths out the 1min mess. Short term gauge is turning slowly (10min for a signal to confirm).
3. 3m / 30m / 60m - This TF is awesome for day traders that prefer to take it slow. Obviously, this combination will produce far less signals during the day.
Hope it helps.
Macro Directional IndexCore to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100
This indicator has 4 values in the status line:
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change
DI Rate of Change
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. "Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often.
Directional Index Middle Channel
Between the DI+ and DI- is a black centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross."
Waverider [Loxx]Waverider is a momentum strategy that probes historical data to find the optimal entries based on measures of volatility and gaussian adaptive filtering. To accomplish this, after each successful trade, XX trades will be skipped until a specific loss count is achieved after which the strategy will activate again, searching for the next trade.
Features
Select long/short profit target and stoploss by %
Skip weekends
Toggle on/off adaptive divergence detection and forced exit
Volatility Adjusted MomentumIt's a script that computes volatility-adjusted momentum indicators.
The problem with the momentum indicator is that it's absolute and it's hard to interpret its value. For example, if you'll change the timeframe or instrument value of Momentum will be very different.
We tried to solve that by expressing momentum in volatility. This way you can easier spot overbought/oversold values.
You can choose to use Standard Deviation or ATR for adjustments.
Thanks to @MUQWISHI for helping me code it.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Ichimoku MA Up & DownIchimoku and MA use the default.
It is repainted because it uses a moving average line.
A marker is only true if it was created after the candle closed.
The principle is too simple.
Please enjoy using it.
- Up : Conversion Line > MA #1 and Base Line > MA #2
It is an uptrend. The short-term moving average should be above the conversion line. And the long-term should be above the Base Line.
- Down : Conversion Line < MA #1 and Base Line < MA #2
It's a downtrend. The short-term moving average should be below the conversion line. And the long-term should be below the Base Line.
You can get better results if you use a momentum indicator like RSI.
Thank you.
Qube [AstrideUnicorn]Qube is an indicator that shows market regimes. It is able to detect medium and long term trends and ranging markets. If the indicator bars are colored blue and are between the two blue lines, it means that the market is in sideways movement or consolidation. If indicator bars cross the upper boundary and are colored green, it means that the market is in an uptrend. Red bars crossing the lower blue line indicate a downward trend. The red or green columns are further referred as signal bars.
The indicator is based on the normalized momentum oscillator raised to the third power. This is done to increase the sensitivity of the indicator and to emphasize the difference between the market modes.
The indicator can be used in different ways. One of them is determining the trend direction based on the last signal bar. Even if the current indicator bar is blue (showing range or consolidation), the user should consider the longer-term market mode as upward if the last signal bar is green. And vice versa, if the last signal bar is red, the current market bias is downward. One other way to use the indicator is to catch active price impulses, when columns of the same color (red or green) appear consecutively.
Directional Slope Strength IndexThe most basic of trend indicators is the price change over some period of time. Rate of change is the most common indicator to use which calculates the current price minus the price n bars back. I've written this indicator to solve several problems the default value of ROC.
1. We're interested in the magnitude or strength of the slope of change.
2. We need a number that we can make decisions from between 0 and something close to a peak of 10.
3. We need the ability to define a threshold where a directional change might be taking place.
The Directional Slope Strength Index solves these problems by taking 1000 samples of your given Rate of Change input and calculating a standard score (or z-score) which represents the number of standard deviations by which the current rate of change is above or below the historical average. A higher number represents a stronger move up and a lower (negative) number represents a stronger move down. A value closer to 0 would represent a sideways trend or the slowing of a current trend.
A potential threshold could be 2 or -2 which is two standard deviations from the mean ROC.
The inputs can be modified to control the sensitivity.
1. A lower ROC length would provide a more sensitive measure, but still measure how that sensitive input changes over 1000 samples.
2. I recommend keeping the sample rate at 1000 as that provides enough historical data to give a more accurate distribution and therefore a more accurate DSSI (z-score).
A number of decisions can be made from the indicator:
1. When the DSSI crosses above 2, it could be a sign of a strong move upward. When below -2 it could be a sign of a strong downward move.
2. When the DSSI persists in a positive or negative channel between 0 and 2 or 0 and -2 this could indicate the formation of the next trend.
3. Values outside 2 and -2 standard deviations should be interpreted as high volatility environments.
4. For convenience, a highest and lowest DSSI have been plotted to provide references to the historical extremes.
I'm open to any questions and feedback as this is a first, original indicator for me.
Momentum - EddyThis indicator uses momentum, emas, macd trend, probability to find the best entry for both long and short positions.
L = Long
When the low goes below the green line (ema fast low), close is above open and momentum is up
S = Short
When the high goes above the red line (ema fast high), close is below open and momentum is down
XS = Exit short at potential bullish pivot
When the low is below a red step (probability) and below ema fast low and both ema fast high and low are 0.5 % (can be changed in the settings) spread, and high is below ema fast low and open is at least 0.2 % spread (can be change in the settings).
XL = Exit long
When the high is above ema fast high and above a green step (probability) with at least 0.2 % spread (customizable in the settings)
The win rate changes based on the % change parameter. The lower the % change the higher the win rate will be.
Green and Red background shows you a bull trend or bear trend. It uses the Mac signal (periods are customizable in the settings).
You can add alerts for Long / Short / Exit Long / Exit short.
You can adjust parameters in the settings.
Use your own judgement to place trades. This algorithm helps you remove the stress of trading.
To avoid false signals trade from 4h timeframe +.
SG MomentumHello All,
I have made a momentum indicator based on the distance from exponential moving average. This captures both buy and sell cycles effectively. The logic is to calculate the distance of closing price from an exponential moving average ( I use 13 period - You are free to choose any other period) - this is the dim grey line which you can toggle off too. Then I smoothen this by calculating a 9-period EMA of the same (the green line). I further slow it down by another 9-period EMA of the same ( the red line). Now when the green lines crosses the red line from below 0 it signifies a new bull cycle and vice versa for bear cycle. This works across all timeframes. I have marked few signals in the below chart for your reference.
Outback RSI & Hull [TTF]This indicator was originally made to help users following along with one of our strategies that we call The Outback (hence the name).
One of the component indicators of that strategy is an RSI with a Hull Moving Average added on top of the RSI as an additional reference for the momentum of the RSI. Many people either had difficulty setting this up correctly, or were having issues with the Indicator on Indicator component, so we built this indicator to assist in that regard.
As we continued to use it, we found it to be a pretty sound momentum indicator that had much to offer by enhancing the more normal RSI, and wanted to make this indicator generally available to the public.
The basic premise of this indicator is as follows:
The core is a traditional RSI with a "normal" (usually Simple) moving average
The "secret sauce" is adding a 2nd moving average (a Hull Moving Average, inspired by Insilico's awesome Hull Suite) based off the RSI
By leveraging the RSI's position relative to both the Simple and Hull moving averages, you can better gauge the relative strength of the current momentum, as well as better visualize longer-term momentum direction and strength based on the moving average slopes and direction.
Crypto-DX Crypto Directional Index [chhslai]Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.
How this indicator works :
If the Crypto-DX cross above the zero-level, it could be an indication that there is a trend reversal into upward. You should close your short position or place a long order right away.
If the Crypto-DX cross below the zero-level, it could be an indication that there is a trend reversal into downward. You should close your long position or place a short order right away.
If the Crypto-DX is consolidated around the zero-level, it could be an indication that the trend may be ended and followed by a sideway market. You are suggested not to place any order and wait for the market moves.
Divergence based trading strategy is fully applicable, just like the MACD.
Screener features :
Plot "Crypto Index" and "5 Custom Crypto"
Plot "Crypto Index" and "Top 30 Crypto"
Point Of ControlStrategy and indicators are explained on the Chart.
Here's how i read the chart.
Entry:
1. Let the price close above the Ichimoku cloud
2. Price is above Volume Support zone
2. Make sure that momentum indicated with Green Triangles for Long Position
Exit:
1. Orange cross at the bottom of the candle indicates price is about to weaken
2. Best time to exit is Volume Resistance + Bearish(Hammer or Engulf )
PS: Use it along with R-Smart for better results
Effortless ScalpingEffortless Scalping is an indicator that primarily is used for stock options trading.
Effortless Scalping is based off of momentum. Our script takes into account the price action, volume, and historical data points of a stock to give potential "buy" and "sell" areas.
Effortless Scalping is a protected script because its Buy and Sell signals are based off of custom coded confirmations. This is what makes our script unique. We also have custom coded CHOP Filters in the indicator.
Effortless Scalping has a custom EMA line that flows with the trend of the market. It also changes colors to indicate a bullish or bearish trend . It also will change into a yellow color if the CHOP of the market exceeds your allowance. This EMA line is the only "classic" element of our custom coded script.
You can easily use Effortless Scalping by applying it straight to your chart. You can customize several visual effects in the settings menu.
Effortless Scalping also has two types of signals--RISKY signals and normal signals. Risky signals have a higher risk, but also a higher reward.
Effortless Scalping also features take profit levels based off of ATR levels.
Effortless Scalping also has custom support and resistance lines to better help you analyze the movement of a stock. These levels are based off of pivot levels.
Effortless Scalping can not predict the future move of a stock. Our script uses historical data points to alert POTENTIAL entries. These historical data points by NO MEANS predict the future movement of the market.
Effortless Scalping was created to help me understand the movement of a stock and why it may be moving in that direction. I personally found success using this script. I am sharing it because I am hoping that others find success in this script as well. I also like to trade quite frequently, and several times a day, so I made an indicator that is both accurate and alerts frequently.
This indicator does NOT provide financial advice. It is intended for general use only.
Cutlers RSICutlers' RSI is a variation of the original RSI Developed by Welles Wilder.
This variation uses a simple moving average instead of an exponetial.
Since a simple moving average is used by this variation, a longer length tends to give better results compared to a shorter length.
CALCULATION
Step1: Calculating the Gains and Losses within the chosen period.
Step2: Calculating the simple moving averages of gains and losses.
Step3: Calculating Cutler’s Relative Strength (RS). Calculated using the following:
-> Cutler’s RS = SMA(gains,length) / SMA(losses,length)
Step 4: Calculating the Cutler’s Relative Strength Index (RSI). Calculated used the following:
-> RSI = 100 —
I have added some signals and filtering options with moving averages:
Trend OB/OS: Uptrend after above Overbought Level. Downtrend after below Oversold Level.
OB/OS: When above Overbought, or below oversold
50-Cross: Above 50 line is uptrend, below is downtrend
Direction: Moving up or down
RSI vs MA: RSI above MA is an uptrend, RSI below MA is a downtrend
The signals I added are just some potential ideas, always backtest your own strategies.
Harris RSIThis is a variation of Wilder's RSI that was altered by Michael Harris.
CALCULATION
The average change of each of the length's source value is compared to the more recent source value.
The average difference of both positive or negative changes is found.
The range of 100 is divided by the divided result of the average incremented and decremented ratio plus one.
This result of the above is subracted from the range value of 100
I have added some signals and filtering options with moving averages:
Trend OB/OS: Uptrend after above Overbought Level. Downtrend after below Oversold Level (For the traditional RSI OB=60 and OS=40 is used)
OB/OS: When above Overbought, or below oversold
50-Cross: Above 50 line is uptrend, below is downtrend
Direction: Moving up or down
RSI vs MA: RSI above MA is an uptrend, RSI below MA is a downtrend
The signals I added are just some potential ideas, always backtest your own strategies.
TMO ArrowsTMO - (T)rue (M)omentum (O)scillator) MTF Arrows
Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows.
There are Four Types of Arrows:
1. TMO Arrow Up - Visualizes the TMO bullish crosses.
2. TMO Arrow Down - Visualizes the TMO bearish crosses.
3. TMO Arrow Up (Oversolds Only) - Visualizes only the bullish crosses that are at or below the oversold zone.
4. TMO Arrow Down (Overboughts Only) - Visualizes only the bearish crosses that are at or above the overbought zone.
In case you only want the arrows for extremes, turn off the Arrow Up / Arrow Down first. Arrows for extremes only are turned off by default.
Hope it helps.
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our sixth one we are automating is " I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results ) " from " TradeIQ " which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days.
Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on.
This strategy uses a combination of 4 open-source public indicators:
Parabolic Sar (built in)
10 in 1 MA's by hiimannshu
Squeeze Momentum by lazybear
HawkEYE Volume Indicator by lazybear
Trading Rules
5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well.
Long Entry:
Parabolic Sar shifts below price at last dot above and then previous bar needs to breach above that.
Price action has to be below both MA's and 50MA needs to be above 200MA
Squeeze Momentum needsd to be in green or close to going green
HawkEYE Volume Indicator needs to be show a green bar on the histagram
Short Entry:
Parabolic Sar shifts above price at last dot below and then previous bar needs to breach below that.
Price action needs to be above both MA's and 50MA needs to be below 200MA
Squeeze Momentum needsd to be in red or close to going red
HawkEYE Volume Indicator needs to be show a red bar on the histagram
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Conversion Range Candles// Conversion Range Candles
// Compares price action range with that of the value currency (e.g. ETHBTC compared to BTCUSD).
// Public Domain
// by JollyWizard
Normalized Velocity [Loxx]Velocity (which is often called a "smoother momentum" since it is much smoother than momentum without lagging at all) with an addition of ATR normalization
Since velocity is (even when normalization is applied) is not an indicator with fixed bounds, this indicator is uses floating levels for what is usually called overbought and oversold levels (+ a floating "zero" line is added). Something that would look like a "fixed levels" is easily achieved if you use long floating levels period in which case those levels are quite similar to fixed levels.
This indicator can be used like any momentum indicator (in that case recommended coloring mode is to use either slope coloring or "zero" middle level crossing coloring) or it can be used as a "trending" indicator in which case it is better to use coloring on outer level cross, and longer calculation periods are advised in that case.
Included:
Bar coloring
3 signal variations w/ alerts
Loxx's Expanded Source Types
Alerts
Retail & Banker Net PositionsIn any market there are two major sets of participants, Retail traders (like you & I) who command relatively small amounts of capital and typically enter and exits positions quickly, and then Institutional Traders (sometimes referred to as whales) who command large amounts of capital and dictate the overall trend of the market but enter and exit positions slowly.
In this indicator we look at the distinct volume of these two sets of traders and use the net positions of this volume to determine if they are net long (Buying) in the market or net short (Selling).
When each set of traders are on opposite sides of the market (Retail are selling & Institutions are buying for example) it usually results in a battle and choppy price action... the majority of these battles are won by the Institutions as their large sums of money dictate the overall direction markets move.
Some of the best opportunities are when both sets of traders are on the same side of the market & this is where we see real momentum enter the market with quick price moves.
Happy trading =)
Trend Surfers - Momentum + ADX + EMAThis script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.
Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)
Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA
Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move
