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Momentum Theory ScannerMomentum Theory Scanner is a mechanical pattern-recognition watchlist screener that utilizes higher timeframe breakout and peak levels to determine if an asset fits the criteria for a range, continuation, or reversal setup. It searches for ideal higher timeframe conditions that are usually present in high probability setups in order to reduce pre-market analysis time. It can be equally useful for scalpers, day traders, and swing traders. ✅ 8 Symbol Watchlist Scanner ✅ Mechanical Setups for Ranges, Continuations, Reversals ✅ For Scalpers, Day Traders, and Swing Traders ⚠️ Momentum Theory Scanner searches for assets that have the ideal conditions to trade a specific setup. They are NOT signals to be taken blindly without further analysis. --- 📷 INDICATOR GALLERY --- --- ⚡ FEATURES --- ✔ Multi-Timeframe Analysis Displays various higher timeframe information in order to read how an asset is moving with one quick glance. Utilizes icons that serve as visual cues. Watchlist Pair - Symbol in the watchlist Setup Type - Shows the icon of what setup has been found ⭐ Trend Breakout ✨ Trend Breakout (Continuation) 🔥 Continuation 🚧 Range 🚩 Reversal Quick Analysis - Displays bullish / bearish confluence based on breakout / peak bias ↗️↘️ Breakout Bias Alignment 🔼🔽 Peak Bias Alignment 🔀 Breakout and Peak Bias Alignment, but opposite ✅ Breakout and Peak Bias Alignment Previous Bar Close - Shows how the previous bar closed Breakout Fakeout Inside Outside Trigger Type - Shows whether there is a peak breakout or fakeout ⚡ Peak Fakeout 🚀 Peak Breakout Breakout Continuation - Shows if a timeframe has pulled back to the breakout level ▲▼ Counter-Trend Breakout ★ Breakout Continuation Momentum Cycles - Shows which part of the momentum cycle price is currently in 🚩 Breakout Reversal ⛰️ False Breakout 🔥 Trend Reversal / Breakout Continuation Breakout / Peak Bias - Shows the breakout level bias and if the peak has been triggered ✔ Levels Analysis Hover over the symbol name to view which timeframe levels are bullish or bearish and if peak levels have been triggered. ✔ Built-In Presets Create your own custom watchlist or use one of the built-in ones (using Oanda charts) It's recommended to use the same source for all assets in your watchlist whenever possible ✔ Plug-and-Play Automatically changes the relevant levels depending on the viewed timeframe. Just fill in your watchlist, add it to your chart, and start trading! Set the indicator to the following timeframes to view those setups. When the momentum timeframe's peak is triggered, the watchlist state changes. Month Timeframe - 12M / 6M / 3M / Month Momentum Week Timeframe - 6M / 3M / M / Week Momentum H1 Timeframe - 3M / M / W / Day Momentum M20 Timeframe - M / W / D / H12 Momentum M15 Timeframe - M / W / D / H8 Momentum M10 Timeframe - M / W / D / H4 Momentum M5 Timeframe - W / D / H8 / H2 Momentum M3 Timeframe - D / H8 / H4 / H1 Momentum --- 🧰 WATCHLIST STATES --- ⭐ Trend Breakout Setup ✨ Trend Breakout (Continuation) Setup 🔥 Continuation Setup 🚧 Range Setup 🚩 Reversal Setup ✔ Signal Bar Ideal conditions to trade this setup are present, but has not met full setup criteria yet ✔ Signal Cycle Asset has pulled back towards breakout level and possibly getting ready for a continuation ✔ No Setups --- 💡 MOMENTUM THEORY CONCEPT --- The best trade setups are found at swing points for 3 reasons: They are the highest probability point the market will continue pushing. They provide the best Stop Loss protection. They offer the greatest Risk-to-Reward. The goal of trading is to identify when these swing points occur to take the best trade setups. Every swing point consists of a push towards a peak, a peak formation, and a push away from a peak. There is no way to know how long a push towards or away from a peak will last, but the peak formation can be identified by 2 elements: A fakeout of a previous peak level A flip of its last breakout level We can track the movement of the market by looking at which peak level is triggered relative to its breakout level. How price behaves at the previous peak levels shows where momentum is headed. It continues to build towards a new peak until it fakes out the previous peak level and flips its breakout level, creating a swing point. Swing points on the higher timeframes show up as multiple swing points on the lower timeframes, but they often won't be moving in sync. When 2 timeframe swing points get in alignment, the market will move smoothly together. You find the lower timeframe swing point the exact same way you find the higher timeframe one. The market is constantly moving from one swing point to the next in a repeatable cycle. By using higher timeframe breakout levels and peak levels triggered, we can track where we are in this cycle to anticipate its future movement. This is the Momentum Cycle and it repeats itself over and over. By using the exact same concept, we can identify mechanical alignment patterns on the lower timeframes to create setups that work in every phase of the market cycle. Momentum Theory Scanner searches for these patterns inside the watchlist. ✔ Range Setups ✔ Continuation Setups ✔ Reversal Setups --- 📝 HOW TO USE --- ⚠ Click on "Indicators > Invite-Only > Momentum Theory Scanner" to add it to your charts. 1) Create your watchlist or use one of the built-in presets and place it on the timeframe you want to scan for setups (see Features above). Put multiple together if you want more than 8 items in the watchlist. If you don't want to see the price chart, go to "Object Tree and Data Window" and turn off chart visibility. 2) Signal bars / cycles indicate that ideal conditions exist, but are not fully triggered yet. These are the pairs that should initially be focused on. 3) Setups will trigger in real-time and push to the top of the column. ⚠️ Momentum Theory Scanner searches for assets that have the ideal conditions to trade a specific setup. They are NOT signals to be taken blindly without further analysis.
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Momentum TheoryMomentum Theory is a mechanical pattern-recognition tool for rapid multi-timeframe analysis. It utilizes higher timeframe breakout levels and peak levels to quickly identify multi-timeframe Swing Points that help in setting a bias, formulating a setup, and executing an entry. It takes advantage of the fractal nature of the market by applying one concept for top-down analysis that scalpers, day traders, and swing traders can use. ✅ Rapid Multi-Timeframe Analysis ✅ Mechanical Pattern-Recognition Used to Filter Setups ✅ For Scalpers, Day Traders, and Swing Traders --- 📷 INDICATOR GALLERY --- --- ⚡ ANALYSIS FEATURES --- ✔ Multi-Timeframe Map Displays breakout levels, peak levels, bar flow, and swing points of higher timeframes. Read how the market is moving with a quick glance. ✔ Bar Flow Displays whether the previous higher timeframe bar closed in breakout, fakeout, inside, or outside. Aids to quickly read market flow. There are 4 Bar Types: Breakout , Fakeout , Inside , Outside ✔ Momentum Cycles Displays which part of the Momentum Cycle the timeframe is currently in to anticipate future movement. Read more information below at Momentum Theory Concept ✔ Quick Analysis Calculates a percentage bias based on the position of the higher timeframes to set an overall bias. Great for when trying to narrow down a large watchlist to a few pairs. ✔ Market Snapshots Takes a snapshot of the entire market on all valid trigger bars for future review. Tracks Quick Analysis, Momentum Cycles, and Bar Flow at that exact point in time. Limited to the last 150 entry bars. Use TradingView Bar Replay to access more history. --- ⛰️ LEVELS FEATURES --- ✔ Breakout Bias Shows the location of all the higher timeframe breakout levels and if price is currently bullish or bearish. Breakout bias shows the overall bias of the timeframe. ✔ Peak Bias Shows which peak level has been triggered of the higher timeframe and if price closed above or below it. Peak bias shows the current momentum of the timeframe. ✔ Trigger Bars Displays when the lower and middle timeframes are moving in alignment. Spot when the lower timeframes are starting to move together. ⚠️ Trigger bars are an indication of breakout bias alignment at the lowest timeframes. They are NOT signals to be taken blindly without further analysis. ✔ Automatic Range Detection Detects if the current and higher timeframe is in a range and plots those levels on the chart. Ranges are created when the following 3 bar scenarios occur: Inside Bar - Peaks of current bar closed inside previous bar's peaks Outside Bar - Peaks of current bar are outside previous bar's peaks, but closed inside. Mirrored Fakeout Bars - 2 opposite facing fakeout bars in a row ✔ Key Levels Highlights Highlights the relevant levels for each timeframe and if current price is above or below them. ✔ Visual Elements Highlights key elements like breakout level flips, fakeout bars, intraday session trading times, off session times, and higher timeframe swing points. --- 🔥 OTHER FEATURES --- ✔ Built-In Alerts Multiple built-in alert types to notify you of significant events in the market. ✔ Dark and Light Modes Adjustable theme colors to trade your chart the way you want. ✔ Plug-and-Play Automatically changes the relevant levels depending on the viewed timeframe. No initial settings to configure. Just add it to your chart and start trading! H4 - Monthly Setups / Weekly Momentum H1 -Weekly Setups / Daily Momentum M15 - Daily Setups / H8 Momentum M5 -H8 Setups / H2 Momentum M3 - H4 Setups / H1 Momentum M1 - H1 Setups / M15 Momentum --- 💡 MOMENTUM THEORY CONCEPT --- The best trade setups are found at swing points for 3 reasons: They are the highest probability point the market will continue pushing. They provide the best Stop Loss protection. They offer the greatest Risk-to-Reward. The goal of trading is to identify when these swing points occur to take the best trade setups. Every swing point consists of a push towards a peak, a peak formation, and a push away from a peak. There is no way to know how long a push towards or away from a peak will last, but the peak formation can be identified by 2 elements: A fakeout of a previous peak level A flip of its last breakout level We can track the movement of the market by looking at which peak level is triggered relative to its breakout level. How price behaves at the previous peak levels shows where momentum is headed. It continues to build towards a new peak until it fakes out the previous peak level and flips its breakout level, creating a swing point. Swing points on the higher timeframes show up as multiple swing points on the lower timeframes, but they often won't be moving in sync. When 2 timeframe swing points get in alignment, the market will move smoothly together. You find the lower timeframe swing point the exact same way you find the higher timeframe one. The market is constantly moving from one swing point to the next in a repeatable cycle. By using higher timeframe breakout levels and peak levels triggered, we can track where we are in this cycle to anticipate its future movement. This is the Momentum Cycle and it repeats itself over and over. By using the exact same concept, we can identify mechanical alignment patterns on the lower timeframes to create setups that work in every phase of the market cycle. Identify your own patterns or use the suggested ones below. Watch the Live Trading Examples to see how these patterns are used. ✔ Range Setups ✔ Continuation Setups ✔ Reversal Setups --- 🧩 EXTENDING MOMENTUM THEORY --- If the best trade setups are found at swing points, then that must mean that every trading strategy that's worth learning must have some type of method to identify that specific move. Since Momentum Theory specializes in identifying the swing point, it can easily fit into most trading strategies by removing discretion and inserting a mechanical process to filter your existing strategy's setups. By using only non-negotiable levels such as Previous Day High / Low, you can convert most discretionary patterns into mechanical ones to hopefully help increase your consistency. My hope is that you can build your own library of mechanical setups that are specific to your strategy that go beyond the ones that I've provided. --- 📝 HOW TO USE --- ⚠ Click on "Indicators > Invite-Only > Momentum Theory" to add it to your charts. 1) Determine directional bias on the higher timeframe chart. 2) Identify the cycle and setup pattern on the middle timeframe chart and wait for the momentum timeframe to be triggered. 3) Execute entries when the lower timeframes are aligned. Market is fractal and you can pick whatever timeframe you want for entry. Trade as simple or complex as you want. ⚠️ Trigger bars are an indication of breakout bias alignment at the lowest timeframes. They are NOT signals to be taken blindly without further analysis. --- 🎞️ LIVE TRADING EXAMPLES --- Market Analysis with Momentum Theory Day Trading with Mechanical Setups (using Momentum Theory Scanner) Momentum Theory Scalping Concepts - Asia Session - GOLD
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GKD-C Blau Candlestick Momentum Indicator [Loxx]Giga Kaleidoscope GKD-C Blau Candlestick Momentum Indicator is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading. What is the NNFX algorithmic trading strategy? The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community. The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management. Here are the main components of the NNFX trading system: 1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines. 2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades. 3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages. 4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade. 5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level. 6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing. Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels. Core components of an NNFX algorithmic trading strategy The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm: 1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc. 2. Baseline - a moving average to identify price trend 3. Confirmation 1 - a technical indicator used to identify trends 4. Confirmation 2 - a technical indicator used to identify trends 5. Continuation - a technical indicator used to identify trends 6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown 7. Exit - a technical indicator used to determine when a trend is exhausted What is Volatility in the NNFX trading system? In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period. True range is calculated as the maximum of the following values: -Current high minus the current low -Absolute value of the current high minus the previous close -Absolute value of the current low minus the previous close ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses. Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass What is a Baseline indicator? The baseline is essentially a moving average, and is used to determine the overall direction of the market. The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR). Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail. By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend. What is a Confirmation indicator? Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI). The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend. Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators. In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades. What is a Continuation indicator? In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy. What is a Volatility/Volume indicator? Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa. By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements. What is an Exit indicator? The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy. The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses. In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor. Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time. How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above? Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are: 1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm) 2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm) 3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm) 4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm) 5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm) (additional module types will added in future releases) Each module interacts with every module by passing data between modules. Data is passed between each module as described below: GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy. This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm. What does the application of the GKD trading system look like? Example trading system: Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles Baseline: Hull Moving Average Volatility/Volume: Hurst Exponent Confirmation 1: Blau Candlestick Momentum Indicator as shown on the chart above Confirmation 2: Williams Percent Range Continuation: Fisher Transform Exit: Rex Oscillator Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain. Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm) Standard Entry 1. GKD-C Confirmation 1 Signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 6. GKD-C Confirmation 1 signal was less than 7 candles prior Continuation Entry 1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously 2. GKD-B Baseline hasn't crossed since entry signal trigger 3. GKD-C Confirmation Continuation Indicator signals 4. GKD-C Confirmation 1 agrees 5. GKD-B Baseline agrees 6. GKD-C Confirmation 2 agrees 1-Candle Rule Standard Entry 1. GKD-C Confirmation 1 signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 1-Candle Rule Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 1 signal was less than 7 candles prior Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees PullBack Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is beyond 1.0x Volatility of Baseline Next Candle: 1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees █ GKD-C Blau Candlestick Momentum Indicator What is Blau Candlestick Momentum Indicator? The Candlestick Momentum Indicator is a technical analysis indicator developed by William Blau and described in his book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. It measures the difference between the current close price and the open price of a certain number of bars ago. The values of the Candlestick Momentum Indicator are normalized by absolute values and mapped into the interval . The Candlestick Momentum Indicator is calculated using the following formula: CMtm(price1,price2,q,r,s,u) = 100 * EMA(EMA(EMA(cmtm(price1,price2,q),r),s),u) where: - price1: close price - price2: open price q bars ago - q: number of bars used in calculation of Candlestick Momentum - cmtm(price1,price2,q): Candlestick Momentum - CMtm(price1,price2,q,r,s,u): Triple smoothed Candlestick Momentum - EMA(...,r): first smoothing - exponentially smoothed moving average with period r, applied to Candlestick Momentum - EMA(EMA(...,r),s): second smoothing - EMA of period s, applied to result of the first smoothing - EMA(EMA(EMA(...,r),s),u): third smoothing - EMA of period u, applied to result of the second smoothing . The input parameters for this indicator are: - q: number of bars used in calculation of Candlestick Momentum (default value is 1) - r: period of the first EMA applied to Candlestick Momentum (default value is 20) - s: period of the second EMA applied to result of the first smoothing (default value is 5) - u: period of the third EMA applied to result of the second smoothing (default value is 3) - AppliedPrice1: price type (default value is PRICE_CLOSE) - AppliedPrice2: price type (default value is PRICE_OPEN) . Requirements Inputs Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator Confirmation 2: GKD-C Confirmation indicator Outputs Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator Confirmation 1: GKD-C Confirmation indicator Continuation: GKD-E Exit indicator Solo Confirmation Simple: GKD-BT Backtest strategy Additional features will be added in future releases.
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GKD-C Blau Candlestick Momentum Index [Loxx]Giga Kaleidoscope GKD-C Blau Candlestick Momentum Index is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading. What is the NNFX algorithmic trading strategy? The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community. The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management. Here are the main components of the NNFX trading system: 1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines. 2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades. 3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages. 4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade. 5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level. 6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing. Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels. Core components of an NNFX algorithmic trading strategy The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm: 1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc. 2. Baseline - a moving average to identify price trend 3. Confirmation 1 - a technical indicator used to identify trends 4. Confirmation 2 - a technical indicator used to identify trends 5. Continuation - a technical indicator used to identify trends 6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown 7. Exit - a technical indicator used to determine when a trend is exhausted What is Volatility in the NNFX trading system? In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period. True range is calculated as the maximum of the following values: -Current high minus the current low -Absolute value of the current high minus the previous close -Absolute value of the current low minus the previous close ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses. Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass What is a Baseline indicator? The baseline is essentially a moving average, and is used to determine the overall direction of the market. The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR). Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail. By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend. What is a Confirmation indicator? Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI). The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend. Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators. In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades. What is a Continuation indicator? In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy. What is a Volatility/Volume indicator? Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa. By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements. What is an Exit indicator? The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy. The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses. In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor. Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time. How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above? Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are: 1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm) 2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm) 3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm) 4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm) 5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm) (additional module types will added in future releases) Each module interacts with every module by passing data between modules. Data is passed between each module as described below: GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy. This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm. What does the application of the GKD trading system look like? Example trading system: Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles Baseline: Hull Moving Average Volatility/Volume: Hurst Exponent Confirmation 1: Blau Candlestick Momentum Index as shown on the chart above Confirmation 2: Williams Percent Range Continuation: Fisher Transform Exit: Rex Oscillator Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain. Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm) Standard Entry 1. GKD-C Confirmation 1 Signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 6. GKD-C Confirmation 1 signal was less than 7 candles prior Continuation Entry 1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously 2. GKD-B Baseline hasn't crossed since entry signal trigger 3. GKD-C Confirmation Continuation Indicator signals 4. GKD-C Confirmation 1 agrees 5. GKD-B Baseline agrees 6. GKD-C Confirmation 2 agrees 1-Candle Rule Standard Entry 1. GKD-C Confirmation 1 signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 1-Candle Rule Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 1 signal was less than 7 candles prior Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees PullBack Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is beyond 1.0x Volatility of Baseline Next Candle: 1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees █ GKD-C Blau Candlestick Momentum Index What is Blau Candlestick Momentum Index? The Blau Candlestick Momentum Index (CMI) is a technical analysis indicator developed by William Blau and described in his book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. It is based on the Candlestick Momentum Indicator, which measures the difference between the current close price and the open price of a certain number of bars ago. The values of the CMI are normalized by the price range and mapped into the interval. The CMI is calculated using the following formula: CMI(price1,price2,q,r,s,u) = 100 * CMtm(price1,price2,q,r,s,u) / EMA(EMA(EMA(|cmtm(price1,price2,q)|,r),s),u) where: - price1: close price - price2: open price q bars ago - q: number of bars used in calculation of Candlestick Momentum - cmtm(price1,price2,q): Candlestick Momentum - CMtm(price1,price2,q,r,s,u): Triple smoothed Candlestick Momentum - EMA(...,r): first smoothing - exponentially smoothed moving average with period r, applied to Candlestick Momentum and absolute value of Candlestick Momentum - EMA(EMA(...,r),s): second smoothing - EMA of period s, applied to result of the first smoothing - EMA(EMA(EMA(...,r),s),u): third smoothing - EMA of period u, applied to result of the second smoothing ³. The input parameters for this indicator are: - q: number of bars used in calculation of Candlestick Momentum (default value is 1) - r: period of the first EMA applied to Candlestick Momentum (default value is 20) - s: period of the second EMA applied to result of the first smoothing (default value is 5) - u: period of the third EMA applied to result of the second smoothing (default value is 3) - AppliedPrice1: price type (default value is PRICE_CLOSE) - AppliedPrice2: price type (default value is PRICE_OPEN) ³. (2) www.mql5.com ]Candlestick Momentum Index Blau_CMI - indicator for MetaTrader 5 - MQL5. Accessed 4/6/2023. (3) True Strength Index (TSI) - StockCharts.com. school.stockcharts.com Accessed 4/6/2023. (4) Candlestick Momentum Index Blau_CMI – indicator for MetaTrader 5. www.forexmt4indicators.com Accessed 4/6/2023. (5) Candlestick Index Blau_CSI – indicator for MetaTrader 5. Accessed 4/6/2023. Requirements Inputs Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator Confirmation 2: GKD-C Confirmation indicator Outputs Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator Confirmation 1: GKD-C Confirmation indicator Continuation: GKD-E Exit indicator Solo Confirmation Simple: GKD-BT Backtest strategy Additional features will be added in future releases.
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GKD-C Momentum Ratio Oscillator [Loxx]Giga Kaleidoscope GKD-C Momentum Ratio Oscillator is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading. What is the NNFX algorithmic trading strategy? The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community. The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management. Here are the main components of the NNFX trading system: 1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines. 2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades. 3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages. 4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade. 5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level. 6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing. Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels. Core components of an NNFX algorithmic trading strategy The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm: 1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc. 2. Baseline - a moving average to identify price trend 3. Confirmation 1 - a technical indicator used to identify trends 4. Confirmation 2 - a technical indicator used to identify trends 5. Continuation - a technical indicator used to identify trends 6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown 7. Exit - a technical indicator used to determine when a trend is exhausted What is Volatility in the NNFX trading system? In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period. True range is calculated as the maximum of the following values: -Current high minus the current low -Absolute value of the current high minus the previous close -Absolute value of the current low minus the previous close ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses. Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass What is a Baseline indicator? The baseline is essentially a moving average, and is used to determine the overall direction of the market. The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR). Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail. By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend. What is a Confirmation indicator? Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI). The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend. Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators. In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades. What is a Continuation indicator? In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy. What is a Volatility/Volume indicator? Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa. By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements. What is an Exit indicator? The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy. The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses. In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor. Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time. How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above? Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are: 1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm) 2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm) 3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm) 4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm) 5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm) (additional module types will added in future releases) Each module interacts with every module by passing data between modules. Data is passed between each module as described below: GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy. This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm. What does the application of the GKD trading system look like? Example trading system: Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles Baseline: Hull Moving Average Volatility/Volume: Hurst Exponent Confirmation 1: Momentum Ratio Oscillator as shown on the chart above Confirmation 2: Williams Percent Range Continuation: Fisher Transform Exit: Rex Oscillator Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain. Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm) Standard Entry 1. GKD-C Confirmation 1 Signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 6. GKD-C Confirmation 1 signal was less than 7 candles prior Continuation Entry 1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously 2. GKD-B Baseline hasn't crossed since entry signal trigger 3. GKD-C Confirmation Continuation Indicator signals 4. GKD-C Confirmation 1 agrees 5. GKD-B Baseline agrees 6. GKD-C Confirmation 2 agrees 1-Candle Rule Standard Entry 1. GKD-C Confirmation 1 signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 1-Candle Rule Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 1 signal was less than 7 candles prior Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees PullBack Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is beyond 1.0x Volatility of Baseline Next Candle: 1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees █ GKD-C Momentum Ratio Oscillator What is an EMA? EMA stands for Exponential Moving Average , which is a type of moving average that is commonly used in technical analysis to smooth out price data and identify trends. In a simple moving average ( SMA ), each data point is given equal weight when calculating the average. For example, if you are calculating the 10-day SMA , you would add up the prices for the past 10 days and divide by 10 to get the average. In contrast, in an EMA , more weight is given to recent prices, while older prices are given less weight. The formula for calculating an EMA involves using a smoothing factor that is multiplied by the difference between the current price and the previous EMA value, and then adding this to the previous EMA value. The smoothing factor is typically calculated based on the length of the EMA being used. For example, a 10-day EMA might use a smoothing factor of 2/(10+1) or 0.1818. The result of using an EMA is that the line produced is more responsive to recent price changes than a simple moving average . This makes it useful for identifying short-term trends and potential trend reversals. However, it can also be more volatile and prone to whipsaws, so it is often used in combination with other indicators to confirm signals. Overall, the EMA is a widely used and versatile tool in technical analysis , and its effectiveness depends on the specific context in which it is applied. What is Momentum? In technical analysis , momentum refers to the rate of change of an asset's price over a certain period of time. It is often used to identify trends and potential trend reversals in financial markets. Momentum is calculated by subtracting the closing price of an asset X days ago from its current closing price, where X is the number of days being used for the calculation. The result is the momentum value for that particular day. A positive momentum value suggests that prices are increasing, while a negative value indicates that prices are decreasing. Traders use momentum in a variety of ways. One common approach is to look for divergences between the momentum indicator and the price of the asset being traded. For example, if an asset's price is trending upwards but its momentum is trending downwards, this could be a sign of a potential trend reversal. Another popular strategy is to use momentum to identify overbought and oversold conditions in the market. When an asset's price has been rising rapidly and its momentum is high, it may be considered overbought and due for a correction. Conversely, when an asset's price has been falling rapidly and its momentum is low, it may be considered oversold and due for a bounce back up. Momentum is also often used in conjunction with other technical indicators, such as moving averages or Bollinger Bands , to confirm signals and improve the accuracy of trading decisions. Overall, momentum is a useful tool for traders and investors to analyze price movements and identify potential trading opportunities. However, like all technical indicators, it should be used in conjunction with other forms of analysis and with consideration of the broader market context. What is Momentum Ratio Oscillator? The theory behind this indicator involves utilizing a sequence of exponential moving average ( EMA ) calculations to achieve a smoother value of momentum ratio, which compares the current value to the previous one. Although this results in an outcome similar to that of some pre-existing indicators (such as volume zone or price zone oscillators), the use of EMA for smoothing is what sets it apart. EMA produces a smooth step-like output when values undergo sudden changes, whereas the mathematics used for those other indicators are completely distinct. This is a concept by the beloved Mladen of FX forums. To utilize this version of the indicator, you have the option of using either levels, middle, or signal crosses for signals. The indicator is range bound from 0 to 1. Requirements Inputs Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator Confirmation 2: GKD-C Confirmation indicator Outputs Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator Confirmation 1: GKD-C Confirmation indicator Continuation: GKD-E Exit indicator Solo Confirmation Simple: GKD-BT Backtest strategy Additional features will be added in future releases.
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loxx tarafından
Impulse Momentum MACD - Slow and FastImpulse Momentum MACD - Slow and Fast The Momentum indicator is a technical indicator that measures the speed and strength of the price movement of a financial asset. This indicator is used to identify the underlying strength of a trend and predict potential changes in price direction, when the indicator crosses the zero line, it can signal a change of direction in the price trend. On the other hand, the MACD is an indicator used to identify the trend and strength of the market and shows the difference between two exponential moving averages ( EMA ) of different periods. The MACD is commonly used to determine the direction of an asset's price trend. COPOSITION AND USE OF THE INDICATOR This script is an implementation of the Impulse Momentum MACD indicator with two variations: slow and fast. It uses a combination of the Momentum indicator and the Moving Average Convergence/Divergence (MACD) indicator to identify trend reversals and momentum changes in an asset's price. The combination of both indicators can help traders identify market entry and exit opportunities. The Impulse Momentum MACD is a Modified MACD, it is formed by filtering the values ​​in a range of Modifiable Moving Averages by calculating their high and low ranges,This indicator has two parts: a slow part and a fast part. The slow part uses input values ​​for the lengths of the moving averages and the length of the signal for the MACD indicator. The fast part uses different input values ​​for the lengths of the moving averages. Also, each part has its own set of line colors and histogram colors for easy visualization. The script also includes inputs to choose the type of moving average to use (SMA, EMA, etc.), the lookback period, the colors for the histogram lines and bars, and a zero trend line (also known as a horizontal trend line). ). * Highest performing custom settings for the zero trend line. For Operations of: - One Minute: Trend Line Time Frame = Five Minutes. - Three Minutes: Trend Line Time Frame = Fifteen Minutes. - Five Minutes: Trend Line Time Frame = Thirty Minutes. - Fifteen Minutes: Trend Line Time Frame = Sixty Minutes. Rules For Trading 🔹 Bullish: * The Zero Horizontal Trend Line should be in Green Color. * The Slow Histogram Bar should be in Green Color. * The Fast Histogram Bar must be in Blue or Black Color or No Bar Appears. * The Momentum Line or Momentum Area must be in Green Color. crosses: - When the Impulse Momentum MACD Slow line crosses the Impulse Momentum MACD Slow signal line upwards. - When the Impulse Momentum MACD Fast line crosses the Impulse Momentum MACD Fast signal line upwards. - Note 1: A Position is Opened when the condition of any of the aforementioned crossovers is met. - Note 2: If the two aforementioned crossings anticipate the condition of the Zero Horizontal Tendency Line because it is in Red; A position is only opened immediately when the Zero Horizontal Trend line turns Green. 🔹 Bearish: * The Zero Horizontal Trend Line should be in Red Color. * The Slow Histogram Bar should be in Red Color. * The Fast Histogram Bar must be in Blue or Black Color or No Bar Appears. * The Momentum Line or Momentum Area must be in Red Color. crosses: - When the Impulse Momentum MACD Slow line crosses the Impulse Momentum MACD Slow signal line downwards. - When the Impulse Momentum MACD Fast line crosses the Impulse Momentum MACD Fast signal line downwards. - Note 1: A Position is Opened when the condition of any of the aforementioned crossovers is met. - Note 2: If the two aforementioned crossings anticipate the condition of the Zero Horizontal Tendency Line because it is Green, an immediate position is only opened when the Zero Horizontal Tendency line turns Red. This script can be used in different markets such as forex, indices and cryptocurrencies for analysis and trading. However, it is important to note that no trading strategy is guaranteed to be profitable, and traders should always conduct their own research and risk management.
Pine Script® göstergesi
DOC-STRATEGY tarafından
2
OBV + Momentum + DI+ Dashboard 📊 Script Description: OBV + Momentum + DI+ Dashboard This custom TradingView indicator combines three powerful technical analysis tools—On-Balance Volume (OBV), Momentum (ROC), and Directional Movement Index (+DI)—into a single, easy-to-read dashboard. 🔍 Key Features: ✅ Buy & Sell Signals Plots signals on the chart when multiple conditions align: Buy Signal: Bullish candle + Rising OBV + Positive Momentum + Strong +DI Sell Signal: Bearish candle + Falling OBV + Negative Momentum + Weak +DI ✅ Dashboard Panel (Top Center) A real-time dashboard displays key market conditions: Price Action (Bullish, Bearish, or Neutral) OBV Trend (Rising, Falling, or Flat) Momentum (Rising, Falling, or Flat) +DI Strength (Strong, Weak, or Neutral) ✅ Visual Enhancements Color-coded trends for quick interpretation. Compact table view in the center top of the chart. 📈 Technical Indicators Used: OBV (On-Balance Volume): Measures buying/selling pressure via volume. Momentum (Rate of Change): Detects acceleration/deceleration in price movement. +DI from DMI/ADX: Indicates the strength of the uptrend. This tool is ideal for momentum traders, volume analysts, and those who prefer a confluence-based trading approach. Use it on any time frame or asset to help confirm entries and exits with greater confidence.
Pine Script® göstergesi
raghavprakash05 tarafından
Momentum IndexMomentum Index - Advanced Market Momentum Detector This indicator combines two specialized oscillators to detect market momentum shifts with high precision. Unlike standard momentum indicators, it integrates both short-term volatility analysis and longer-term trend strength to provide a comprehensive view of market dynamics. How It Works The Momentum Index measures directional power through a dual-oscillator system: A short-term volatility oscillator compares upward movement power (high minus previous low) against downward movement power (low minus previous high), normalized by ATR to ensure volatility independence. A longer-term trend oscillator uses logarithmic price relationships to detect underlying trend strength through two complementary methods. These oscillators are normalized, averaged, and enhanced with a momentum acceleration component for increased sensitivity to directional changes. Trading Signals The critical signal occurs when the indicator crosses the 50 line: Crossing ABOVE 50: Bullish momentum is now dominant (green histogram) Crossing BELOW 50: Bearish momentum is taking control (red histogram) These crossings often precede significant price movements, making them valuable for both trend confirmation and early reversal detection. Customization Options Length: Adjusts the short-term oscillator sensitivity (default: 6) Smoothing: Enables Ehlers smoothing to reduce noise Smoothing Period: Controls the smoothing intensity Display Options: Show as histogram or line For optimal results, use on any timeframe from 15-minute to daily charts across all major markets. The indicator works particularly well for identifying momentum shifts at key support/resistance levels.
Pine Script® göstergesi
Cameronbharker tarafından
Rolling ATR Momentum Rolling ATR Momentum Indicator – User Manual --- 🔍 Overview The Rolling ATR Momentum Indicator is a simple yet powerful tool designed to detect shifts in market volatility. It compares the current Average True Range (ATR) with the ATR from a previous point in time to measure how market volatility is changing. This indicator is especially useful for: - Spotting the beginning or fading of a momentum phase - Filtering out low-volatility market conditions - Enhancing timing for entries and exits in trending or breakout trades --- 📊 Key Components ✅ ATR Delta (Rolling) - Definition: `ATR Delta = Current ATR - Past ATR` - Inputs: - ATR Period (default: 14): The base ATR calculation window - Lookback Period (default: 5): How many bars ago to compare ATR - Interpretation: - Positive ATR Delta (Green Line): Market volatility is increasing - Negative ATR Delta (Red Line): Market volatility is decreasing 📈 Zero Line - A horizontal baseline at zero helps you easily see when ATR momentum shifts from negative to positive (or vice versa). 🟩/🟥 Background Color - Green Background: ATR Delta is positive (rising volatility) - Red Background: ATR Delta is negative (falling volatility) 🔵 Optional: ATR Reference Lines - You can optionally display raw Current ATR and Past ATR by changing their visibility settings. --- ✅ How to Use It Entry Timing (Futures/Options) - Use ATR Delta as a filter: - Only take trades when ATR Delta is positive → confirms momentum is building - Avoid trades when ATR Delta is negative → market might be slow, sideways, or losing steam Breakout Anticipation - A rising ATR Delta after a tight range or consolidation can suggest that a breakout is underway Stop-loss Strategy - Use high ATR periods for wider stops (to avoid noise) - Use low ATR periods for tighter stops or skip trading --- 🧠 Pro Tips - This indicator doesn’t predict direction—combine with trend or price structure tools (like EMA, PPMA, candlesticks) - Works best in trending or breakout environments - Add it to multi-timeframe layouts to see volatility buildup on higher timeframes --- ⚙️ Settings | Parameter | Description | |----------|-------------| | ATR Period | Length of the ATR calculation (default 14) | | Lookback Period | How many bars back to compare ATR values | --- 🧭 Best For: - Index futures (Nifty, BankNifty) - Option buyers needing volatility confirmation - Intraday & swing traders looking to trade momentum setups --- Use the Rolling ATR Momentum indicator as your volatility radar—simple, clean, and highly effective for staying on the right side of market energy. End of Manual
Pine Script® göstergesi
abgaur01 tarafından
Momentum Candle Identifier # Momentum Candle Identifier This indicator helps traders identify significant momentum candles by analyzing candle body size relative to recent price action (think after consolidation periods). Unlike traditional volatility indicators, this tool specifically focuses on price movement captured by the candle body (open to close distance), filtering out potentially misleading wicks. ## How It Works - The indicator calculates the average candle body size over a user-defined lookback period - Momentum candles are identified when their body size exceeds the average by a customizable threshold multiplier - Bullish momentum candles (close > open) are highlighted in a user defined color - Bearish momentum candles (close < open) are highlighted in a user defined color - A real-time information panel displays key metrics including current average body size and threshold values ## Key Features - Focus on candle body size rather than full range (high to low) - Custom lookback period to adapt to different timeframes - Adjustable threshold multiplier to fine-tune sensitivity - Customizable colors for bullish and bearish momentum candles - Optional labels for momentum candles - Information panel showing lookback settings, average size, and momentum candle count ## Usage Tips - Use shorter lookback periods (3-5) for more signals in choppy markets - Use longer lookback periods (8-20) to identify only the most significant momentum moves - Higher threshold multipliers (2.0+) will identify only the strongest momentum candles - Combine with trend indicators to find potential reversal or continuation signals - Look for clusters of momentum candles to identify strong shifts in market sentiment This indicator helps identify candles that represent significant price movement relative to recent activity, potentially signaling changes in market momentum, sentiment shifts, or the beginning of new trends.
Pine Script® göstergesi
IndicatorCraft tarafından
Squeeze Momentum Indicator with Entry Tactics### **Squeeze Momentum Indicator with Stacked EMAs** #### **Description:** This indicator is an enhanced version of the **Squeeze Momentum Indicator** (originally by John Carter and later modified by LazyBear). It identifies **periods of consolidation (squeeze)** and signals potential **explosive price moves** when momentum shifts. The added **stacked EMA concept** further refines entry signals by confirming trend strength. This is also an update to version 6 of PineScript #### **How to Use:** The indicator provides **three different entry tactics**, allowing traders to choose signals based on their strategy: 1. **Inside Day Pattern** – Detects inside candles, which indicate potential breakouts when volatility contracts. 2. **Consecutive Black Crosses (Squeeze Signal)** – A certain number of black crosses (low volatility periods) suggests a strong move is coming. 3. **Stacked EMA Concept** – When the **8 EMA > 21 EMA > 34 EMA**, combined with a momentum shift from negative to positive, it signals a **high-probability bullish entry**. #### **Visual Cues:** - **Histogram Bars**: Show momentum (green for increasing bullish, red for increasing bearish). - **Black & Gray Dots**: Represent different squeeze states (low volatility vs. breakout conditions). - **🔥 Bullish Label**: Appears when the stacked EMAs align and momentum shifts from negative to positive. #### **Best Practices:** - Look for **momentum shifts during a squeeze** for high-probability trades. - Use **stacked EMAs as trend confirmation** before entering. - Combine with **price action and volume analysis** for additional confluence. This indicator helps traders **anticipate major price moves** rather than react, making it a powerful tool for trend-following and breakout strategies. 🚀
Pine Script® göstergesi
tashfeen3 tarafından
Momentum Entry & Trend Strategy M5Momentum Entry & Trend Strategy M5 Description: The Momentum Entry & Trend Strategy M5 is an indicator script designed to assist traders in determining optimal buy and sell moments based on momentum and trend analysis. This script operates using two different momentum levels—Momentum Length for Entry (5) and Momentum Length for Trend (10)—along with the HMA (Hull Moving Average) indicator for trend confirmation. Key Features: Momentum Entry: Calculates momentum using the difference between the current price and the price from previous periods to determine the strength and direction of price movements. Trend Identification: Utilizes two momentum levels (5 and 10) to identify bullish and bearish trend conditions. HMA for Trend Confirmation: The HMA indicator is used to provide trend confirmation signals. When HMA indicates bullish, a buy signal is displayed; conversely, a bearish HMA results in a sell signal. Signal Display: Displays buy (BUY) and sell (SELL) signals on the chart when the conditions for market entry are met, providing clear visualization for traders. Background Color: Offers a green background for uptrends and a red background for downtrends, allowing traders to easily identify the overall market condition. ATR (Average True Range): Calculates and plots a smoothed ATR to help traders measure market volatility. Settings: Momentum Length for Entry: 5 (to determine entry signals) Momentum Length for Trend: 10 (to determine trend conditions) HMA Length: 300 (period length for HMA to confirm trends) ATR Length: 14 (period length for ATR to measure volatility) Benefits: This script is designed to provide visual and data-driven guidance for better trading decision-making. By combining momentum and trend analysis, traders can enhance the accuracy of their signals and reduce the risk of errors when identifying entry and exit points in the market. Note: This script is intended for use on the M5 time frame but can be adjusted for other time frames as needed. It is always recommended to conduct thorough testing before applying trading strategies on a live account.
Pine Script® göstergesi
decrypt017 tarafından
RoC Momentum CycleRoC Momentum Cycles (RMC) is derived from RoC (Rate of Change) indicator. Motivation behind RMC: Addressing RoC’s Shortcomings While the Rate of Change (RoC) indicator is a valuable tool for assessing momentum, it has notable limitations that traders must be aware of. One of the primary challenges with the traditional RoC is its sensitivity to price fluctuations, which can lead to false signals in volatile markets. This often results in premature entries or exits, impacting trading performance. By smoothing out the RoC calculations and focusing on more consistent signal generation (using SMA on smoothed RoC), RMC offers a more consistent representation of price trends. Momentum Cycles RMC helps visualize momentum cycles in a much better way compared to RoC. Long Momentum Cycle : A cross-over of smoothed RoC (blue line) above averaged signal (orange line) below zero marks start of a new potential upside cycle which ends when the blue line comes back to zero line from above. Short Momentum Cycle : A cross-under of blue line below orange line above zero marks beginning of a potential downside cycle which ends when the blue line comes back to zero from below.
Pine Script® göstergesi
YetAnotherTA tarafından
Savitzky-Golay Filtered Chande Momentum OscillatorThe Savitzky-Golay Filtered Chande Momentum Oscillator (SGCMO) is a modified version of the Chande Momentum Oscillator that functions as a powerful analytical tool, capable of detecting trends and mean reversals. By applying a Savitzky-Golay filter to the price data, the oscillator provides enhanced visualization and smoother readings. (credit to © anieri for the Savitzky-Golay filter code: www.tradingview.com) Chande Momentum Oscillator The Chande Momentum Oscillator (CMO) is a technical indicator developed by Tushar Chande. It measures the momentum of an asset's price movement and provides insights into the overbought or oversold conditions of the market. The CMO calculates the difference between the sum of positive price changes and the sum of negative price changes over a specified period, and then normalizes it to a scale between -100 and +100. Traders and investors use the CMO to identify potential trend reversals, confirm the strength of a current trend, and generate buy or sell signals. Smoothing The Savitzky-Golay filter is a digital filter commonly employed for smoothing and noise reduction in time-series data. In the context of the SGCMO, the aim is to effectively smooth the CMO values, reducing the impact of short-term fluctuations and providing clearer insights into underlying trends. Additionally, an exponential moving average (EMA) filter is applied to further reduce noise and enhance trend visibility. This filtered CMO indicator may provide traders and investors with a clearer and more refined representation of momentum changes in the underlying asset, helping them make more informed trading decisions. Application The SGCMO serves as both a trend-following and mean-reversion tool. Traders can track the current trend using bullish white lines or bearish orange lines in trending markets. Alternatively, they can utilize green and red vertical lines, which indicate price retracement and help capture pullbacks and reversals. Green vertical lines appear when the trend reverses upwards in an oversold zone (-50 to -80), while red vertical lines indicate negative trend reversals in an overbought zone (50 to 80). Opening long positions when green and white lines appear, or short positions when red and orange lines are visible, can be considered. However, it is advisable to combine this indicator with other complementary technical analysis tools and incorporate it into a comprehensive trading strategy to maximize its effectiveness.
Pine Script® göstergesi
profitprotrading tarafından
2
Sector MomentumThis indicator shows the momentum of a market sector. Under the hood, it's the MACD of the number of stocks above their 20 SMA in a specific sectors. The best insight it gives is to tell if the market is doing a sector rotation or having a full blown correction. Users have the options to choose a specific sector out of the 11 sectors: XLB, XLC, XLE, XLF, XLI, XLK, XLP, XLRE, XLU, XLV, XLY or show all them them by adding multiple indicators. Use this indicator similar to MACD to look for momentum acceleration, deceleration and turn in a sector. More importantly, users can open up the indicator for all sectors and then compare between each. Examples: 1. When we see momentum slows down in XLP and turn of XLK, it's a sign of sector rotation from consumer staple to tech. Money is going from defensive to riskier assets. Market is leaning towards risk-on mode. Stocks in tech have higher probability to outperform those in consumer staple. 2. When we see momentum subside across all sectors all at once or one by one, particularly both XLP, XLK/XLY, we'd expect market breadth is taking a hit across all sectors. This is not a sector rotation. A short to mid term market correction or drawdown is very likely.
Pine Script® göstergesi
kuantumk tarafından
1
Momentum Regime Filter BTC by [VanHelsing]Momentum Regime Filter BTC by This is a usefull indicator what shows you a macro state of BTC trend. Most of the trend indicators get lost in the ranging market or switch to bearish during simple pullbacks. And I decided to creat it to ignore all this noise from a market and see what exactly major trend is! -How it Works: For find out what curent trend on BTC is, it using RSI and Normalized Momentum square. When squre of both momentum and rsi is above zero it is an uptrend when below it is down trend. I can say it is an momentum indicator. It works only on BTC and on all exchanges of it. -How to read it -BackTest (2D BTC Index, momentum length = 15, linear reg = 5) it works on any BTC exchange
Pine Script® göstergesi
VanHe1sing tarafından
2
Smoother Momentum MACD w/ DSL [Loxx]Smoother Momentum MACD w/ DSL uses two different EMA calculations to derive momentum and then calculates the MACD between those momentum outputs. This indicator uses a variation of Discontinued Signal Lines for the breakout/breakdown/reversal signals . There are three different signal types: middle, levels, and slope. I've also added alerts and signals. The discontinued signal lines can be smoothed using EMA or Fast EMA. What are DSL Discontinued Signal Line? A lot of indicators are using signal lines in order to determine the trend (or some desired state of the indicator) easier. The idea of the signal line is easy : comparing the value to it's smoothed (slightly lagging) state, the idea of current momentum/state is made. Discontinued signal line is inheriting that simple signal line idea and it is extending it : instead of having one signal line, more lines depending on the current value of the indicator. "Signal" line is calculated the following way : When a certain level is crossed into the desired direction, the EMA of that value is calculated for the desired signal line When that level is crossed into the opposite direction, the previous "signal" line value is simply "inherited" and it becomes a kind of a level This way it becomes a combination of signal lines and levels that are trying to combine both the good from both methods. In simple terms, DSL uses the concept of a signal line and betters it by inheriting the previous signal line's value & makes it a level. Included: Loxx's Expanded Source Types Alerts Signals Bar coloring Other momentum indicators CFB-Adaptive Velocity Histogram Variety-Filtered, Squeeze Moving Averages William Blau Ergodic Tick Volume Indicator (TVI)
Pine Script® göstergesi
loxx tarafından
STD Aadaptive, floating RSX Dynamic Momentum Index [Loxx]STD Aadaptive, floating RSX Dynamic Momentum Index is an attempt to improve Chande's original work on Dynamic Momentum Index. The full name of this indicator is "Standard-Deviation-Adaptive, floating-level, Dynamic Momentum Index on Jurik's RSX". What Is Dynamic Momentum Index? The dynamic momentum index is used in technical analysis to determine if a security is overbought or oversold. This indicator, developed by Tushar Chande and Stanley Kroll, is very similar to the relative strength index (RSI). The main difference between the two is that the RSI uses a fixed number of time periods (usually 14), while the dynamic momentum index uses different time periods as volatility changes, typically between five and 30. What is RSX? RSI is a very popular technical indicator, because it takes into consideration market speed, direction and trend uniformity. However, the its widely criticized drawback is its noisy (jittery) appearance. The Jurk RSX retains all the useful features of RSI, but with one important exception: the noise is gone with no added lag. Differences RSX is used instead of RSI for the calculation, producing a much smoother result Standard deviation is used to adapt the RSX calculation Floating levels are used instead of fixed levels for OB/OS Included -Change bar colors
Pine Script® göstergesi
loxx tarafından
GD MomentumGD Momentum plots short, medium, and long term momentum indicators. The indicators are inspired by momentum structural analysis techniques, and are the % above or below different moving averages. The short term plot is the % above or below the 30 unit moving average, medium is 200 units, and long is 1000 units. Draw trend lines and horizontal lines to identify the momentum structure and detect trend changes before they show up in price action.
Pine Script® göstergesi
gdoliner tarafından
1
NeverBot Basic Momentum ShiftNeverBots Basic Momentum Shift Script This script is a basic up/down indicator to tell you which way momentum has shifted, this should be used as part of another system to add confluence to your already existing long or short thesis. Uses a simple algebraic equation to define the momentum and when up or down has shifted above/below the other. Combine this with an MA strategy to get entries for a good hit rate. Typically used for intraday but you can still use this as an indicator for higher time frames. Crypto is very volatile and momentum can shift within a few minutes which is why you will see some failed signals, but typically it works very well for catching the big moves in crypto as momentum becomes very strong due to FOMO etc..
Pine Script® göstergesi
neverbot tarafından
5