█ OVERVIEW This indicator uses an on-chart visual framework to help traders with the interpretation of any oscillator's behavior. The advantage of using this tool is that you do not need to know all the ins and outs of a particular oscillator such as RSI, CCI, Stochastic, etc. Your choice of oscillator and settings in this indicator will change its visuals,...
This indicator shows the RSI profile from historical RSI Value and High / Low RSI Pivots. It is inspired by the Volume Profile which is a common charting study that indicates activity at specified levels. It plots a histogram on the chart meant to identify dominant/significant levels. This script is profiling RSI levels into a histogram, which can identify the...
Level 3 Background William Gann (Wilian D. Gann) is one of the most famous investors in the twentieth century. His outstanding achievements in the stock and futures markets are unparalleled. The theory he created that perfectly combines time and price has been It is still talked about and highly praised by the investment community. Function The slope is the...
This Indicator allows users to add any 3 combinations of moving averages (SMA, EMA, RMA, RSI, Stochastic RSI, WMA, VWAP ) with granular alert conditions. Users can alert when all series are in climbing or declining mode.
This script modifies the PowerX strategy in the following ways: - there are two types of 'black' bars, yellow and black; the bars that are colored black indicate the flip of the RSI from positive to negative, and vise versa, while the signal is also near to green or red color; the close of these bars are a strong indication of support or resistance, and the...
The RSI only plots itself between a high and a low value. It does not show its bullish/bearish sentiment. The RSI TV shows the sentiment and helps anticipate the RSI trend but not the price trend. When the Trend Veracity Line is in green, there is bullish sentiment. When it is in red, there is bearish sentiment. The closer the lines get to their extremities, the...
Definition Have you ever wonder whether if the stock/index/market is "bearish" ? A Bearish Market Indicator (B.M.I) is not a new concept, the definition is simply 20% lower from the recent (term: short-term, recent: usually within a year, a.k.a 1 year) highs (closing price with in the recent period or within in a year or simply a 52-Week High). It is called...
These bands consist of 4 ARLs (See: Adaptive Rebound Line ('ARL'/AR Line)) that help accurately spot price rebounds. It is excellent for 15 minute scalping and price-action trading. See notes in the picture above for more details. Note: "Top Deviation" is the deviation of the top 'ARL', "High Deviation" is for the high 'ARL', etc.
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,...
The purpose of this indicator is to combine the four basic types of indicators (Trend, Volatility, Momentum and Volume) to create a singular, composite index in order to provide a more holistic means of observing potential changes within the market, known as the Unified Composite Index . The indicators used in this index are as follows: Trend - Trend Composite...
Level 3 Background Smooth VWAP based on stock turnover and calculate the slope of the smoothed VWAP Function This is a technical indicator for stocks only. Because of the use of TradingView's financial functions, the scope of use is limited to stocks. It will give an error when you use it for other trading pairs. According to if the VWAP is smoothed according...
Three trend indicators in one. Fork of Gunslinger2005 indicator, with a fix to display the nQQE oscillator correctly and clearly, and converted to pinescript v5 (allowing to set a different timeframe and gaps). How to use: Essentially, nQQE is a long term trend indicator which is more adequate in daily or weekly timeframe to indicate the current market cycle....
Divergence for Many Panel (D4MP+) This Divergence for Many Panel indicator is built upon the realtme divergence drawing code originally authored by LonesomeTheBlue, now in the form of a panel indicator. The available oscillators, hand picked for their ability to identify high quality divergences currently include: - Ultimate Oscillator (UO) - True Strength...
Level 1 Background This technical indicator can judge the upside potential of individual stocks based on the slope Function This technical indicator determines whether the trend continues or reverses by defining a fast slope and a slow slope. If it shows a golden cross to buy at a low level, a dead cross to sell. It can be combined with other types of fast...
This is my Double RSI Trend Indicator. It issues Buy and Sell signals based on the Supertrend and a double RSI . The RSIs cross near or at the same time as the Supertrend fires. It has the ability to change if you want signals based on the RSI cross on the same candle, one candle before, and two candles before. I find this one extremely good at catching...
I was working on something else and decided to release this as a standalone script just in case you needed it. I just took the source for generic RSI indicators and combined them into one indicator to save space.
5 rsi plots combined into one single indicator. I just took the source code for a generic RSI indicator and combined them into one indicator so that you wouldn't have to. I'm honestly not even sure this is necessary because they probably already exist out there but I was working on something else and figured I'd publish this part of it as a stand alone script in...
Best works in 15 min chart. It will compare RSI of current candle with its weighted moving average, price strength, hourly and daily RSI.