Cynotronic_Divergence tool_v1This tool was developed to accurately capture divergences. Back-testing has shown it's relatively more accurate in detecting all types of divergences (both hidden and regular).
The tool is NOT to be used in isolation; it's best used in conjunction with moving averages (preferably the 20 MA);
1. The indicator background indicates bullish (green background color) or bearish (red background color) sentiments;
2. Indicator reversal is most bullish when price action is above MA;
3. Indicator reversal + Green background + price above MA is extremely Bullish;
4. Indicator reversal + Green background + price below MA is indicative of an incoming distribution phase;
5. Indicator reversal + Red background + price above MA is slightly bullish;
6. Indicator reversal + Red background + price above MA is indicative of an incoming accumulation period.
Development/improvement is a continuous thing!
Momentum Osilatörleri
Volatility Based Momentum Oscillator (VBMO)There is a frequent and definitive pattern in price movement, whereby price will steadily drift lower, then accelerate before bottoming out. Similarly, price will often steadily rise, then accelerate into a climax top.
The Volatility Based Momentum Oscillator (VBMO) is designed to delineate between steady versus more accelerated and climactic price movements.
VBMO is calculated using a short-term moving average, the distance of price from this moving average, and the trading instrument’s historical volatility. Even though VBMO’s calculation is relatively simple, the resulting values can help traders identify, analyze and act upon many scenarios, such as climax tops, reversals, and capitulation. Moreover, since the units and scale for VBMO are always the same, the indicator can be used in a consistent manner across multiple timeframes and instruments.
For more details, there is an article further describing VBMO and its applicability.
VelocityI was wondering how Jurik's Velocity works and after some time I created a little bit different Velocity.
What is this?
Everybody heard about the momentum indicator. The classic momentum shows the difference between the current price and the price N periods ago. How far in the past the comparison is made is up to the trader.
When the indicator reaches extremely high (low) values and then turns in the opposite direction it can be considered a sell (buy) signal. Sometimes it is better than waiting for the 0-line crossovers. Another way is to use the indicator to find out divergences with the price.
What's wrong with it?
The classical momentum indicator produces many misleading values and false signals due to its jagged nature. To remove noise and smooth out its line users apply the different moving averages. No matter how cool is your average - you always add a lag. And the lag will seriously decrease the performance of the momentum indicator.
All of this can be avoided using a special smoothing technique.
Settings
Period (default: 30 )
Price Source (default: hlc3 )
Peaks Highlighting (default: false )
Velocity with peaks highlighting
NOTE : This is not Bullish/Bearish Phases . Phases is a pure volume-based indicator and doesn't use the price to measure the dominance.
I attached some screenshots to show you how it works with other instruments so, you can compare it with Jurik' Velocity.
Good luck!
Elder's Force Index Function (with source)TradingView has built in functions for RSI, Momentum, and many other oscillators. Why the source isn't available for Elder's Force Index is beyond me. To me it's one of the Holy Grail indicators. This is EFI indicator with a simple function inside the source code. You're can easily copy this function into any study(indicator) or strategy that uses built-in oscillators, as a replacement.
Example using EFI instead of RSI in built-in Divergence Indicator:
gyazo.com
//Discord: Sheldon#7775
//Server: discord.gg
Pullback Trading [Fhenry0331]The indicator is taken from Alexander Elders "Triple Screen System," minus using the Weekly MACD as a filter/trend. I believe waiting for the force index and the weekly MACD histogram to line-up is uber conservative and a trader will miss too many signals (In my opinion).
The indicator is for a pullback trader. A trader that waits for a trend to develop then enters on a pullback.
The indicator defines an uptrend start: as the 13 ema crossing above the 26 ema. It defines a downtrend start: as the 13 ema crossing below the 26 ema.
The pullback in an uptrend: 13 ema is above the 26 ema. Elders-Force-Index is below the zero line. Price low has crossed below the 13 ema (one can also say price closes below the 13 ema if they so wish).
The pullback in a downtrend: 13 ema is below the 26 ema. Elders-Force-Index is above the zero line. Price high has also crossed above the 13 ema.
Please note that the pullback signals do not necessitate an automatic buy or sell (the instrument can be still pulling back deeper and not ready to resume it's trend.) One should place orders above (long) or below (short) bars with the pullback signals. Do so on signals until orders are filled.
Although the indicator is meant for pullbacks one can make an aggressive entry at the onset of a crossover of ema's.
For clarity background colors has been added to the indicator.
works well on daily time frame. Also look at intraday (5) minute time frame on trending stocks (news, earnings, volume, etc.)
Keep It Simple.
Enjoy!
Cumulative Force IndexVolume indicator adapted from Elder's Force Index.
From here:
stageanalysis.net
[RESEARCH] Quasi White NoiseQuasi White Noise script.
An experimental approach to implement a white noise using Pine Script. Uses Connors RSI under the hood.
en.wikipedia.org
Silk Indicator (H4 & D1) : VWMA Flow vs EMA // BB vs Dev. St.RSIPictured as a Momentum Indicator, it shines best on the H4 and the D1.
A combination of VWMA, EMA's, BB, Stochastic RSI, the Kijun (Doubled Ichimoku Cloud), William's Fractals ('.') and too many Standard Deviations.
Simple Strategy:
Center Blue: Long
Center Red: Short
The center of the BB can help understand the market's momentum and its strength.
Please be advised, this indicator will only be free for a limited time.
Silk Indicator (H4 & D1) : VWMA Flow vs EMA // BB vs Dev. St.RSIPictured as a Momentum Indicator, it shines best on the H4 and the D1.
A combination of VWMA, EMA's, BB, Stochastic RSI, the Kijun (Doubled Ichimoku Cloud), William's Fractals ('.') and too many Standard Deviations.
Simple Strategy:
Center Blue: Long
Center Red: Short
The center of the BB can help understand the market's momentum and its strength.
Please be advised, this indicator will only be free for a limited time.
Oscillator Divergence HistogramIdentify Divergences on 6 oscillators simultaneously.
From the bottom up.
0 to 1 (black): MACD
1 to 2 (green): Elders Force Index
2 to 3 (blue): RSI
3 to 4 (purple): Awesome Oscillator
4 to 5 (red): Commodity channel index
5 to 6 (orange): Stochastic
You can change the identification of the divergence in the settings and use the Oscillator Divergences indicator to visually see them when testing.
This detects the following divergences between price and the oscillator.
Regular Bullish Divergence: Price lower low | Oscillator higher low
Regular Bearish Divergence: Price higher high | Oscillator lower high
Hidden Bullish Divergence: Price higher low | Oscillator lower low
Hidden Bearish Divergence: Price lower high | Oscillator higher high
Early warning alert system. This identifies a developing divergence and can be used to set alerts.
Colors
Bearish: Maroon
Bullish: Green
Hidden Bearish: Light brown
Hidden Bullish: Light green
Developing early warning are lighter shades of the above.
iPyra◬_ChillyWillyCHILLYWILLY
ChillyWilly looks for the momentum trades.
ChillyWilly combines the 4 different well known momentum indicators to bring the best signals.
ChillyWilly works with any kind of market state, any kind of trading, and any kind of asset.
ChillyWilly has more features than any other momentum indicator in the market: Combining shorter term momentum with longer term momentum, and looking for M's and W's for you.
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ChillyWilly is designed for longer time frame traders and investors.
All you have to do is:
1- Use it like you would use RSI (ChillyWilly is ranging between 0-100 --> Closer to 0 means Long ~~ Closer to 100 means short)
2- Look for green or orange lines. (Orange means momentum is BOTH in a good location to long and showing a W ; Green means EITHER momentum is in a good location to long or showing a W)
3- Look for red or maroon lines. (Red means momentum is BOTH in a good location to short and showing a M ; Green means EITHER momentum is in a good location to short or showing a M)
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iPyra◬
Enlighten others
SB_Elder Impulse SystemThe strategy is based on LazyBear's Elder Impulse System
Strategy(in layman terms):
Long: When the green bar in the Elder Impulse System's indicator shows up
Short: When the red bar in the Elder Impulse System's indicator shows up
Close trade/Profit booking: When the blue bar in the Elder Impulse System's indicator shows up
Original Idea:
Message in the script if you think of any modifications/ enhancements.
Donations/Tips... :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH: 0x64fed71c9d6c931639c7ba4671aeb6b05e6b3781
LTC: LKT2ykQ8QSzzfTDB6Tnsf12xwYPjgq95h4
Elder's Force Index Double combined by iduThe idea is to see Elder's force index smoothed EMA in different time frame simultaneously.
Default intervals are (2) and (13)
Base on samuel16 script.
Colored Williams %RThis script is the same as Williams %R except that on green days we plot green and red on red days. If a bar opens and closes the same, we plot black.
MoD_CM_RSI_2_Strat_Lower_Indicatormodified version of "CM_RSI_2_Strat_Lower_Indicator". credit to CM for the hard work.
updates:
1. now includes inputs for SMA values and RSI values
2. contains option to trigger Alerts.
how to trigger alerts?
-In First Drop Down Box Select Name of Indicator
-In Drop Down to Right Select “RSI Alert....”
-Then Select “Greater Than”.
-Then Select “Value”
-To the Right of Value type in .99
-Select On Bar Close / Once on candle, whatever your preference.
TRIX Histogram R1-12 by JustUncleLCreated by request.
Description:
This study is an implementation of the Standard TRIX indicator (a momentum oscillator), shown in coloured histogram format by default, with optional Bar colouring of TRIX zero cross overs. Other options include showing TRIX as a line graph instead of histogram and an optional TRIX signal line with difference histogram (to highlight signal line crosses).
References:
forex-indicators.net
"TRIX MA" by munkeefonix
PPO Divergence AlertsThis is a pretty straightforward script that adds alerts to Pekipek's excellent PPO Divergence indicator and changes the visuals a bit. You can have the alerts fire on these events:
Purple Circle (bullish signal)
Orange Circle (bearish signal)
Green Dot (High Point)
Red Dot (Low Point)
I use this on daily Forex charts to get alerts when purple or orange dots show. As you can see, it catches a lot of big moves, some of which can give insane returns if you're 200x leveraged on the likes of 1Broker.com. In regards to reducing false signals, I'm getting good results with a Williams %R but would love to hear any suggestions.
Edit: Oops. Box #6 in the example should be yellow, not purple.
WaveTrend with Crosses [LazyBear]LazyBear's wavetrend oscillator enhanced with wavetrend cross visualization on the indicator as well as with bar color highlights.
DecisionPoint Price Momentum Oscillator [LazyBear]The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool.
PMO can be used in many ways:
- PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual range for broad stock market indexes, each price index will have its own “signature” range. You may have to tune this for your instrument.
- PMO triggers buy/sell on signal crossovers and ZERO crossovers.
- Common patterns like BullKiss, BearKiss are useful to track. See the link below for more info.
- Divergences.
- Histo-only mode that can be used similar to MACD-Histo.
I have exposed all params as configurable. Have fun tuning :) Don't forget to share what you found for your instrument.
More Info:
stockcharts.com
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
Some Sample Charts:
TWTR:
MSFT:
GOOGL:
Ehlers Smoothed Adaptive Momentum [LazyBear]Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but @ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go...
This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here - bit.ly
Now, about the indicator :)
This smoothed adaptive momentum is straightforward to use (per Ehlers original rules). If it crosses above zero buy the next open, if it crosses below zero sell the next open. Of course, I strongly suggest filtering the signals.
Finally, here's an Ehlers-only chart to help determine where BTC is heading :P
More info:
- Ehlers CG Oscillator:
- Cybernetic Analysis for Stocks and Futures (Ehlers)
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
--Updated chart--
Here's the chart with barcolors ON (forgot to turn it on in the published one)
