Laguerre RSI indicator script. This indicator was originally developed by John Ehlers.
pinocchio bars defaults set for EUR/USD on M15 chart, alter as necessary j.tate 03.17.18
◊ Introduction I started using this script because of its fast reaction, and good tell for buy/sell moments on a short timescale. For larger timescales, the overall trend should be taken into account regarding the levels. In the future i will update this indicator, to automatically adjust those. ◊ Origin The Relative Momentum Index was developed by Roger...
Combining EMA and MA over-extension with RSI to help narrow down overbought and oversold opportunities.
Simple Overbought/Oversold indicator You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Simple Overbought/Oversold indicator WARNING: This script to change bars colors.
This 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.
based on indicator created by coinsheet.org created by autemox tells you when 9 candles in a row are green or red candles (this indicates price may be oversold or overbought)
This study project is an updated version of the implementation of the "Stochastic False BAR" indicator. Description: The standard Stochastic buy/sell indications come from Stochastic crosses about the standard overbought/oversold zones (80/20). This does not always work and you get stuck in the OB/OS zones with a trend continuation. Utilising a second much...
A colorful take on the classic stochastic indicator, coded from scratch. Enjoy! :)
B3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse...
This is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities . This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are: sma (simple moving average) ema (exponential moving average) wma (weighted moving average) trima (triangular...
A simple strategy that use EMAs convergence/divergence and RSI peeks to take position. Fractals are really useful to positioning your stop loss. It works well on commodities and forex markets.
Stochastic Momentum Index (SMI) or Stoch MTM is used to find oversold and overbought zones. It also helps to figureout whether to enter short trade or long trade. Red Shade in the Top indicates that the stock is oversold and the Green shade in the bottom indicates overbought. Strategy: Enter Long once the Overbought Zone ended and there's a crossover...
Attempts to find higher highs and lower lows in the 5 minute window. When the light blue graph line peaks , you should investigate selling , when the light blue graph line dips you should investigate buying. This is good for identifying oversold and over bought positions
HOW IT WORKS Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other. WHAT GIVE ME THIS SCRIPT The script can give you very valuable information: - Main Trend - Pullbacks detections - Extreme overbought oversold prices alerts - Divergences - Any timeframe usage REFERENCES OF USAGE Main Trend...
This is the Matrix oscillator made by glaz. So credit goes to him. I made some minor modifications to it: 1. added a zeroline 2. added 3 options to color bars/candles depending on: - if the oscillator is above/below 0 - if it's oversold/bought* - if the matrix has a green bar or a red That's all :)
An indicator with 10 configurable %B lines for identifying trends, overbought and oversold conditions, and reversal points. %B is a linear representation of a securities relationship to the Upper and Lower Bollinger Bands. The best opportunities arise when a security is oversold in a bullish trend and overbought in a bearish trend. The longer %B trend-lines in...