loxx

Super 6x: RSI, MACD, Stoch, DeMarker, CCI, & Velocity [Loxx]

Super 6x: RSI , MACD , Stoch , DeMarker , CCI , & Velocity is a combination of 6 indicators into one histogram.

What is MACD?
Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .

What is CCI?
The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.

What is RSI?
The relative strength index is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength .

What is Stochastic?
The stochastic oscillator, also known as stochastic indicator, is a popular trading indicator​ that is useful for predicting trend reversals. It also focuses on price momentum and can be used to identify overbought and oversold levels in shares, indices, currencies and many other investment assets.

What is DeMarker?
The DeMarker (or DeMark ) indicator, also known by the abbreviation "DeM," is a technical analysis tool that compares the most recent maximum and minimum prices to the previous period's equivalent price to measure the demand of the underlying asset.

What is Velocity?
In simple words, velocity is the speed at which something moves in a particular direction. For example as the speed of a car travelling north on a highway, or the speed a rocket travels after launching.

How to use
  • Long signal: All 4 indicators turn green
  • Short signal: All 4 indicators turn red

Included
  • Bar coloring
Release Notes: Corrected an error in the "How to use" description. Here's the corrected info.

How to use
  • Long signal: All 6 indicators turn green
  • Short signal: All 6 indicators turn red
Release Notes:
  • Added visual UI improvements using shapes instead of lines so folks can see where the trigger is associated with the candle.
  • Added repaint option. This is the default TV option. the non-repaint delays the signal one bar
  • Add fuchsia and yellow plots to indicate when the signal is short, fuchsia, and long, yellow
Release Notes: Add alerts.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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