=== INTRO === This is a 2 in 1 indicator, STOCHASTIC + NORMALIZED MACD. I release this script as public because both stochastic and normalized macd are public, so I cannot find any reason to post it as private :) === USAGE === You can use any of the indicators by itself as usual, stochastic as a oversold/overbought indicator as a momentum/trend...
Simple combination of LWMA and ATR Formula: Normalized LWMA = (LWMA-LWMA )/ATR
This indicator is an implementation of a circular barplot aiming to return the market sentiment given by multiple normalized oscillators. These include the relative strength index (RSI), Stochastic %K (%K), Linear Correlation Oscillator (ROSC), William Percent Range (WPR), Percent Rank (%R), and money flow index (MFI). The length period of each of these...
Normalized version of Quantitative Qualitative Estimation QQE: Normalized QQE tries to overcome the problems of false signals due to RSI divergences on the original QQE indicator. The main purpose is to determine and ride the trend as far as possible. So users can identify: UPTREND : when nQQE Histogram is GREEN (nQQE is above 10) DOWNTREND : when nQQE...
Indicator title : Price Normalized Description : The indicator is a variation of %k Stochastic where it use highest/lowest closing price to define the range instead of highest high/lowest low, the range also excluded current bar so that break above 100 or below 0 means current bar closing price breaks above highest/below lowest the closing price in the past...
Return the percentage of closing prices greater than SMA's with periods within a user-selected range. An exponential moving average applied to these results is also displayed (in orange). Settings Min : Minimum period of the SMA in the range Max : Maximum period of the SMA in the range Smooth : Period of the EMA Src : Input series of the indicator ...
For Stock, Futures and Forex traders this may not be a replacement for MACD . But for an Option Trader, this would make sense 1000 times. So, What is this? This is the MACD for OPTIONS traders, remove the smoothness and adjust for volatility . Thats all it is. Why is it important? No one, ABSOLUTELY no one should be buying options in high volatility period for...
This script is good to use with Williams %R indicator, to find out when price has bottomed out. ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy. You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area...
Normalized Average True Range combined with Williams %R - Celasor 04/2020. Indicator can be used for identifying potential market bottoms with the following criteria: Normalized ATR is above 80% and Williams %R is below -80. This script combines both indicators and displays bars to mark where conditions are met. Future updates may include selectable smoothing.
It can be interesting to have an indicator displaying two rescaled measures, thus ending with an indicator that allow the creation of more complex trading rules (conditions), this is what is intended with the price/volume normalized oscillator (PVNO) who normalize both volume and price in order to display them together. Volume is considered an important factor as...
MACD normalized with its highest and lowest values over the last “Normalization period” - includes alerts
This indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average...
Volume Price Projection, displays only the differences the current volume represents above or below the current moving average of volume. This isolates only significant volume events for the trader. When utilized in combination with a simple volume/price matrix chart, traders are provided with a powerful tool-set, alerting traders of potential opportunities while...
The early warning system is constructed by converting a short alpha-length Laguerre filter into a normalized, horizontal line. This line is then placed into a chart on the zero axis. The calculation underpinning this line is identical to that produced by a moving filter or traditional moving average. Each current bar’s succeeding data is incorporated into the...
Normalized XAUUSD Volume Volume points to the amount of a financial instrument that was traded over a specified period of time. It can refer to shares, contracts or lots. The data is tracked and provided by market exchanges. It is one of the oldest and most popular indicators and is usually plotted in colored columns, green for up volume and red for down volume,...
This is a Normalized ATR, which means it displays ATR as a percentage instead of absolute price. For example, a value of 1 indicates a true range of 1% in a given period. This indicator creates a moving average of the volatility of a product going back X number of periods and is useful for deciding what to trade. For example, if used on a daily chart, one...