I wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing. You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns. The...
This indicator is made up of a stochastic oscillator and of historical volatility percentile. Historical volatility percentile basically tells you how volatile the market is based on how volatile it has been in the history. Historical volatility is great for trading options but i have also found it to be great at finding trades with good risk/reward ratio. When...
The Super PassBand Filter was created by John Ehlers (Stocks & Commodities V. 34:07 (10–13)) and this is a pretty useful indicator to let you know how volatile the market is right now. This is useful for scalpers because this lets you avoid the choppy markets (usually when the rms is 1.50 or less but feel free to choose your own level) and gives you good entry and...
DGT interpreted version of LazyBear's WaveTrend, visualizing on Price Chart Original Author : LazyBear Crosses above or below threshold are emphasized with bigger labels - crosses above threshold : probable short indications with a bigger label and relativly small label for probable long indications - crosses below threshold : probable long indications with a...
Hi All, RSI is a widely accepted indicator by most of the traders. I built this indicator to present all the RSI buying and selling signals that can be missed to get the best use of this indicator. The indicator is composed of: 1. RSI 2. Stochastic RSI 3. Linear regression for the RSI The short signals provided by the stochastic will support short term traders...
Kind of Pseudo Random Number Generator, using current timestamp and processing its digits after the decimal point. Last value can be updated in realtime market, in simulation and when refreshing your web page. Result range from 1 to 999. Smoothing can be used to create charts (for exact PRNG results use smooth=1). Can be useful in probability tests.
This scipt is a combination of three mayor indicators for BTC trading on the daily chart using RSX (smoothed no lagging RSI), MFI and Schaff Trend Cycles. Besides it shows Hidden or Regular Divergencies on the RSX. All indications are alertable.
Choose between 3 different oscillators (RSI, MFI, and StochRSI) to show bars when the oscillator is oversold/overbought. Green = oversold Red = overbought Orange = Bearish "Reversal" Aqua = Bullish "Reversal" I created this to help determine patterns with other stuff I'm building. Thought others may find it useful for the same purpose, not to trade based off of...
This script is a compilation of several different stochastic indicators (and RSI) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower...
Stochastic Oscillator combined with a Rate of Change Indicator. Current period - previous period Stochastic . The Stochastic has no smoothing and is the Rate of Change of %k value only.
Idea was developed from Price's Power (inno14). This indicator is only used for Binary Option (BO). Rules for Signal Candle: - Close to Bollinger's Band - Price Power is losing its strength (compare with previous powers) - Price Power is about crossing down/up middle line - DMI Extension show SELL signal How to enter: - Enter the next candle. - Expiration:...
The system uses 1 hour and 15 min timeframe data. Signals coming from 15 min Inverse Fisher Transform of SMI and stochastic RSI are confirmed by 1 hour Inverse Fisher Transform SMI, according to the following rules: long cond.: 15 min IFTSMI crosses ABOVE -0.5 or SRSI k-line crosses ABOVE 50 while 1-hour IFTSMI is already ABOVE -0.5 short cond.:15 min IFTSMI...
Experimental: Detrended Price oscillator from price against the average inside the range.
This Indicator is used to smooth the movement of scripts with SMMA and SEMA . Inspired by Chris Moody RSI-EMA . This indicator help to avoid any kind of small correction in trending direction and it filter small kind of correction. Small correction like 2-15 irregular corrective candles is filtered with the help of smooth moving average and Arnaud Legoux Moving...
Divergence screener for OBV RSI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
This is a compact & simple study that tracks the short-term average price change and the (average) volume associated with it, to generate a very clear signal when a change of buying/selling flow is detected. these buy/sell cycles can happen within a longer "demand / trend-up" or "supply / trend down" phases as we know. this concept is a bit different from MFI or...
***Use at your own risk*** ***This is for testing and education only*** I suggest that you also manually add the RSI(5,3,3) on your main chart for analysis. You can change the settings, but these are the defaults: Default Main Timeframe = Daily Default Secondary TimeFrame = Weekly (use around 5X your main timeframe, to check the longer term trend) Default...