Revolution SMA-EMA DivergenceThis is an MACD inspired indicator and it analyzes the difference between the SMA and EMA using the same time period. Unlike the MACD, it can give you a better understanding of the overall trend. Values above 0 is bullish and below 0 bearish. It consists of two cycles: Black histogram - the long-term cycle and orange histogram - the short-term cycle, as well as timing signal (red line).
M-oscillator
RSI MTF [Market Yogi]The Multi-Time Frame RSI with Money Flow Index and Average is a powerful trading indicator designed to help traders identify overbought and oversold conditions across multiple time frames. It combines the Relative Strength Index (RSI) with the Money Flow Index (MFI) and provides an average value for better accuracy.
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is used to identify overbought and oversold conditions in an asset. By incorporating the RSI across multiple time frames, this indicator offers a broader perspective on market sentiment.
In addition to the RSI, this indicator also includes the Money Flow Index (MFI). The MFI is a volume-based oscillator that measures the inflow and outflow of money into an asset. It takes into account both price and volume, providing insights into the strength and direction of buying and selling pressure.
By combining the RSI and MFI across multiple time frames, traders gain a comprehensive understanding of market dynamics. The indicator allows for comparing the RSI and MFI values across different time frames, enabling traders to identify divergences and potential trend reversals.
Furthermore, this indicator provides an average value of the multi-time frame RSI, offering a consolidated signal that helps filter out noise and enhance the accuracy of trading decisions.
Key Features:
1. Multi-Time Frame RSI: Combines the RSI across different time frames to provide a comprehensive view of market sentiment.
2. Money Flow Index (MFI): Incorporates the MFI to gauge buying and selling pressure based on both price and volume.
3. Average Calculation: Computes the average value of the multi-time frame RSI to generate a consolidated trading signal.
4. Divergence Detection: Enables traders to spot divergences between the RSI and MFI values, indicating potential trend reversals.
5. Overbought and Oversold Levels: Highlights overbought and oversold levels on the RSI, aiding in timing entry and exit points.
The Multi-Time Frame RSI with Money Flow Index and Average is a versatile tool that can be applied to various trading strategies, including trend following, swing trading, and mean reversion. Traders can adjust the time frame settings to suit their preferences and trading style.
Note: It's important to use this indicator in conjunction with other technical analysis tools and indicators to validate signals and make informed trading decisions.
Linear Correlation Coefficient W/ MAs and Significance TestsThis Linear CC takes into account the log-normal distribution of stock prices and performs Pearson correlation on that data set. It also smoothens the results into an easy to read oscillator, and performs a two-tail t-test on the correlation coefficient data (with a = 0.05) to determine the significance of the coefficients. Significant results are shown in a solid yellow color while insignificant results are shown in a dark yellow color (you can eyeball this with a normal LCC by looking at results around -0.5 to +0.5).
Two MAs are provided as well for a quick trend analysis. You can reduce the lookback period, but it defaults to 31 for the sake of statistical standards.
Futures All List / Sell SignalAs of May 2023, there are more than 180 usdt perpetual coins on the binance futures exchange. These coins are included in the indicator in lists of 40. They are sorted instantly in the table from largest to smallest. The sorting style can be changed in the indicator settings. This indicator collects RSI and TSI values at desired values. The result has a maximum value of 600. A value of 600 signals that the price will decrease or remain stable for a certain period of time. Generally, a short can be expected from the closest point to 600. If 3 separate lists are selected by using 3 of these indicators, 120 coins can be analyzed at the same time. Available in all time zones. Examine it in a 3-minute timeframe. The line inside the indicator draws the instantaneous values of the relevant coin.
Bensler COT OscillatorI tried to replicate the indicator I think Jason Shapiro from Crowded Market Report has kind of alluded to on his interviews and YouTube channel. I think I made the default colors on my indicator match Shapiro's. It's best if used in parallel with the indicator CoT-Buschi which is a nice COT indicator that I based my oscillator off of. That way you can see the effect of the oscillator and decide if you like how the time period affects the output. I am a total noob so just in case you think I know what I'm talking about or doing, I don't.
Oscillator Toolkit (Expo)█ Overview
The Oscillators Toolkit stands at the forefront of technical trading tools, offering a comprehensive suite of sophisticated, adaptive, and unique oscillators. This toolkit has been thoughtfully designed to cater to all trading styles, ensuring versatility and utility for every trader. The toolkit features our flagship oscillators, including the WaveTrend Momentum, Leading RSI, Momentum Oscillator, and Bellcurves. Furthermore, it offers many great features such as trend recognition, market impulses, and trend changes; all consolidated into a single, easy-to-use indicator.
Access to these high-quality oscillators and tools can elevate your trading strategy, providing you with insightful market analysis and potential trading opportunities. In addition, these tools help traders and investors to identify and interpret various market trends, momentum, and volatility patterns more efficiently.
The Oscillator toolkit works in any market and timeframe for discretionary analysis and includes many oscillators and features:
█ Oscillators
WaveTrend Momentum
The WaveTrend Momentum oscillator is a significant component of the toolkit. It factors in both the direction and the momentum of market trends. The waves within this system are both quick and responsive, operating independently to offer the most pertinent insights at the most opportune moments. Their rapid response time ensures that traders receive timely information, which is essential in the fast-paced, dynamic world of trading.
Example of how to use the WaveTrend Momentum Oscialltor
The WaveTrend Momentum is proficient at identifying trend reversals and pullbacks, allowing traders to enter or exit trades at optimal moments.
Leading RSI
The Leading Relative Strength Index (RSI) is a type of momentum oscillator that is commonly used in technical analysis to predict price movements. As the name suggests, it is an advanced form of the traditional Relative Strength Index (RSI), and it provides traders with more timely signals for market entries and exits.
The Leading RSI works on similar principles but is designed to provide signals ahead of the traditional RSI. This is achieved through more advanced mathematical modeling and calculations, which aim to identify shifts in market momentum before they happen. It takes into account not only the current price action but also considers historical data in a way that can foresee changes in trend directions.
Example of how to use the Leading RSI
The Leading RSI is an enhanced version of the traditional Relative Strength Index, offering more timely indications of divergences and overbought or oversold market conditions.
Momentum Oscillator
This oscillator measures the amount that a security's price has changed over a given time span. It is an excellent tool for understanding the strength of a trend and its potential endurance. When the momentum oscillator rises, it suggests that the price is moving upwards and vice versa.
The Momentum Oscillator is an advanced technical analysis tool that helps traders identify the rate of change or the momentum of the market. It is typically used to determine the strength or speed at which the price of an asset increases or decreases for a set of returns. This oscillator is considered 'fast-moving' and 'sensitive' because it responds quickly to changes in price momentum. The fast-moving nature of this oscillator helps traders to get early signals for potential market entry or exit points.
The Momentum Oscillator analyzes the current price compared to the previous price and adds two additional layers of analysis: 'Buy & Sell moves' and 'Extremes.'
Buy & Sell Moves: This layer of the oscillator helps identify the buying and selling pressure in the market. This can provide traders with valuable information about the possible direction of future price moves. When there is high buying pressure (demand), the price tends to rise, and when there is high selling pressure (supply), the price tends to fall.
Extremes: This layer helps to identify extreme overbought or oversold conditions. When the oscillator enters the overbought territory, it could indicate that the price is at a high and could potentially reverse. Conversely, if the oscillator enters the oversold territory, it could suggest that the price is at a low and could potentially rebound.
Example of how to use the Momentum Oscillator
The Momentum Oscillator is a sensitive and fast-moving oscillator that adapts quickly to price changes while keeping track of the long-term momentum, making it easier to spot buying or selling opportunities in trends.
Bellcurves
The Bellcurves indicator is a powerful tool for traders that uses statistical analysis to help identify potential market reversals and key support and resistance levels by leveraging the principles of statistical analysis to measure market impulses. The concept behind this tool is the normal distribution, also known as the bell curve, which is a fundamental statistical concept signifying that data tends to cluster around the average or mean value. The "impulses" in the market context refer to significant price movements driven by a high volume of trading activity. These are typically sharp and swift moves either upwards (bullish impulse) or downwards (bearish impulse). These impulses often signify a strong sentiment in the market and can result at the beginning of a new trend or the continuation of an existing one.
In effect, the Bellcurve indicator is designed to filter out minor price fluctuations or 'noise,' allowing traders to focus solely on significant market impulses. This makes it easier for traders to identify key market movements.
Example of how to use the Bellcurve
The Bellcurves uses the principles of statistical analysis to identify significant market impulses and potential market reversals.
█ Why is this Oscillator Toolkit Needed?
The Oscillator Toolkit is a vital asset for traders for several reasons:
Insight into Market Trends: The Oscillator Toolkit provides valuable insight into current market trends. This includes understanding whether the market is bullish (rising) or bearish (falling), as well as identifying potential future price movements.
Identification of Overbought or Oversold Conditions: Oscillators like those in the toolkit can help traders identify when an asset is overbought (potentially overvalued) or oversold (potentially undervalued). This can signal potential market reversals.
Confirmation of Price Patterns: The oscillators in the toolkit can confirm price patterns and trends. For example, if a price pattern suggests a bullish trend, an oscillator can help confirm this by showing rising momentum.
Versatility Across Markets and Timeframes: The Oscillator Toolkit is designed to work across a variety of markets, including stocks, forex, commodities, and cryptocurrencies. It's also effective across different timeframes, from short-term day trading to longer-term investment strategies.
Timely Trade Signals: By providing real-time insights into market conditions and price momentum, the Oscillator Toolkit offers timely signals for trade entries and exits.
Enhancing Trading Strategy: Every trader has a unique approach to the market. The Oscillator Toolkit, with its suite of different oscillators, provides a robust set of tools that can be customized to enhance any trading strategy, whether it's a trend following, swing trading, scalping, or any other approach.
█ Any Alert Function Call
This function allows traders to combine any feature and create customized alerts. These alerts can be set for various conditions and customized according to the trader's strategy or preferences.
█ How are the Oscillators calculated? - Overview
The Toolkit combines many of our existing premium indicators and new technical analysis algorithms to analyze the market. This overview covers how the main features are calculated.
WaveTrend Momentum
The WaveTrend Momentum oscillator operates at its core by comparing the current price to previous prices. If the current price is higher than the previous price, the oscillator value will rise, indicating an uptrend. Conversely, if the current price is lower than the previous price, the oscillator value will fall, indicating a downtrend. To make it unique and useful normalized weighting functions are added.
Leading RSI
The Leading RSI is based on the traditional Relative Strength Index, with an added exploration function that takes into account historical price movements.
Momentum Oscillator
The Momentum oscillator measures how quickly the price is changing, on average, over a certain period, relative to the variability of the price over that same period. It gives higher values when the price is changing rapidly in one direction and lower values when the price is fluctuating or changing more slowly. In addition, other functions, such as market extremes and buying/selling pressure, are factored in.
Bellcurves
The Bellcurves assume that some common historical price data is normally distributed, and once these patterns or moves are found the in the price data, a Bellcurve is formed.
█ In conclusion , the Oscillator Toolkit is an advanced, versatile, and indispensable asset for traders across various markets and timeframes. This innovative collection includes different oscillators, including the WaveTrend Momentum, Leading RSI, Momentum Oscillator, and the Bellcurves Indicator, each serving a unique function in providing valuable insights into the market's behavior.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
MACD Normalized [ChartPrime]Overview of MACD Normalized Indicator
The MACD Normalized indicator, serves as an asset for traders seeking to harness the power of the moving average convergence divergence (MACD) combined with the advantages of the stochastic oscillator. This novel indicator introduces a normalized MACD, offering a potentially enhanced flexibility and adaptability to numerous market conditions and trading techniques.
This indicator stands out by normalizing the MACD to its average high and average low, also factoring in the deviation of the high-low position from the mean. This approach incorporates the high and low in the calculations, providing the benefits of stochastic without its common drawbacks, such as clipping problems. As a result, the indicator becomes exceptionally versatile and suitable for various trading strategies, including both faster and slower settings.
The MACD Normalized Indicator boasts a variety of options and settings. The features include:
Enable Ribbon: Toggle the display of the ribbon accompanying the MACD Normalized, as desired.
Fast Length: Determine the movement speed of the fast line to receive advance notice of potential market opportunities.
Slow Length: Control the movement pace of the slow line for smoother signals and a comprehensive outlook on market trends.
Average Length: Specify the length used to calculate the high and low averages, providing greater control over the indicator's granularity.
Upper Deviation: Establish the extent to which the high and low values deviate from the mean, ensuring adaptability to diverse market situations.
Inner Band (Middle Deviation): Adjust the balance between the high and low deviations to create an inner band signal, giving traders a secondary level of market analysis and decision-making support.
Enable Candle Color: Enable the coloring of candles based on the MACD Normalized value for effortless visualization of trading potential.
Use Cases for the MACD Normalized Indicator
In addition to analyzing market trends and identifying potential trading opportunities, ChartPrime's MACD Normalized Indicator offers a range of applications for traders. These use cases encompass distinct trading scenarios and strategies:
Overbought and Oversold Regions
One of the key applications of the MACD Normalized Indicator is identifying overbought and oversold regions. Overbought refers to a situation where an asset's price has risen significantly and is expected to face a downturn, while oversold indicates a price drop that may subsequently lead to a reversal.
By adjusting the indicator's parameters, such as the upper and inner deviation levels, traders can set precise boundaries to determine overbought and oversold areas. When the MACD moves into the upper region, it may signal that the asset is overbought and due for a price correction. Conversely, if the MACD enters the lower region, it possibly indicates an oversold condition with the potential for a price rebound.
Signal Line Crossovers
The MACD Normalized Indicator displays two lines: the fast line and the slow line (inner band). A common trading strategy involves observing the intersection of these two lines, known as a crossover. When the fast line crosses above the slow line, it may signify a bullish trend or a potential buying opportunity. Conversely, a crossover with the fast line moving below the slow line typically indicates a bearish trend or a selling opportunity.
Divergence and Convergence
Divergence occurs when the price movement of an asset does not align with the corresponding MACD values. If the price establishes a new high while the MACD fails to do the same, a bearish divergence emerges, suggesting a potential downtrend. Similarly, a bullish divergence takes place when the price forms a new low but the MACD does not follow suit, hinting at an upcoming uptrend.
Convergence, on the other hand, is represented by the MACD lines moving closer together. This movement signifies a potential change in the trend, providing traders with a timely opportunity to enter or exit the market.
Regularized-Moving-Average Oscillator SuiteThe Regularized-MA Oscillator Suite is a versatile indicator that transforms any moving average into an oscillator. It comprises up to 13 different moving average types, including KAMA, T3, and ALMA. This indicator serves as a valuable tool for both trend following and mean reversion strategies, providing traders and investors with enhanced insights into market dynamics.
Methodology:
The Regularized MA Oscillator Suite calculates the moving average (MA) based on user-defined parameters such as length, moving average type, and custom smoothing factors. It then derives the mean and standard deviation of the MA using a normalized period. Finally, it computes the Z-Score by subtracting the mean from the MA and dividing it by the standard deviation.
KAMA (Kaufman's Adaptive Moving Average):
KAMA is a unique moving average type that dynamically adjusts its smoothing period based on market volatility. It adapts to changing market conditions, providing a smoother response during periods of low volatility and a quicker response during periods of high volatility. This allows traders to capture trends effectively while reducing noise.
T3 (Tillson's Exponential Moving Average):
T3 is an exponential moving average that incorporates additional smoothing techniques to reduce lag and provide a more responsive indicator. It aims to maintain a balance between responsiveness and smoothness, allowing traders to identify trend reversals with greater accuracy.
ALMA (Arnaud Legoux Moving Average):
ALMA is a moving average type that utilizes a combination of linear regression and exponential moving average techniques. It offers a unique way of calculating the moving average by providing a smoother and more accurate representation of price trends. ALMA reduces lag and noise, enabling traders to identify trend changes and potential entry or exit points more effectively.
Z-Score:
The Z-Score calculation in the Regularized-MA Oscillator Suite standardizes the values of the moving average. It measures the deviation of each data point from the mean in terms of standard deviations. By normalizing the moving average through the Z-Score, the indicator enables traders to assess the relative position of price in relation to its mean and volatility. This information can be valuable for identifying overbought and oversold conditions, as well as potential trend reversals.
Utility:
The Regularized-MA Oscillator Suite with its unique moving average types and Z-Score calculation offers traders and investors powerful analytical tools. It can be used for trend following strategies by analyzing the oscillator's position relative to the midline. Traders can also employ it as a mean reversion tool by identifying peak values above user-defined deviations. These features assist in identifying potential entry and exit points, enhancing trading decisions and market analysis.
Key Features:
Variety of 13 MA types.
Potential reversal point bubbles.
Bar coloring methods - Trend (Midline cross), Extremities, Reversions, Slope
Example Charts:
Altcoin ComparatorUse this indicator to compare an altcoin's ratio compared to Bitcoin (orange), the general altcoin market (blue), and the entire cryptocurrency market cap (yellow).
Bright colors indicate the altcoin is outperforming the crypto market while dull colors in imply it is under-performing.
Likewise, staying in the green implies sustained outperformance while staying in the red implies sustained under-perfrmance.
Oversold values imply the altcoin is expensive while overbought imply it is cheap.
Be sure to use market caps: ETH, SOL, ADA, etc. not ETHUSD, SOLUSDT, etc.
Ultimate Balance OscillatorIntroducing the Ultimate Balance Oscillator: A Powerful Trading Indicator
Built upon the renowned Rate of Change (ROC), Relative Strength Index (RSI), Commodity Channel Index (CCI), Williams Percent Range, and Average Directional Index (ADX) from TradingView, this indicator equips traders with an unparalleled understanding of market dynamics.
What sets the Ultimate Balance Oscillator apart is its meticulous approach to weighting. Each component is assigned a weight that reflects its individual significance, while carefully mitigating the influence of highly correlated signals. This strategic weighting methodology ensures an unbiased and comprehensive representation of market sentiment, eliminating dominance by any single indicator.
Key Features and Benefits:
1. Comprehensive Market Analysis: The Ultimate Balance Oscillator provides a comprehensive view of market conditions, enabling traders to discern price trends, evaluate momentum shifts, identify overbought or oversold levels, and gauge the strength of prevailing trends. This holistic perspective empowers traders to make well-informed decisions based on a thorough understanding of the market.
2. Enhanced Signal Accuracy: With its refined weighting approach, the Ultimate Balance Oscillator filters out noise and emphasizes the most relevant information. This results in heightened signal accuracy, providing traders with a distinct advantage in identifying optimal entry and exit points. Say goodbye to unreliable signals and welcome a more precise and dependable trading experience.
3. Adaptability to Various Trading Scenarios: The Ultimate Balance Oscillator transcends the constraints of specific markets or timeframes. It seamlessly adapts to diverse trading scenarios, accommodating both short-term trades and long-term investments. Traders can customize this indicator to suit their preferred trading style and effortlessly navigate ever-changing market conditions.
4. Simplicity and Ease of Use: The Ultimate Balance Oscillator simplifies trading analysis by providing a single line on the chart. Its straightforward interpretation and seamless integration into trading strategies make decision-making effortless. By observing bullish or bearish crossovers with the moving average, recognizing overbought or oversold levels, and tracking the overall trend of the oscillator, traders can make well-informed decisions with confidence.
5. Real-time Alerts: Stay ahead of the game with the Ultimate Balance Oscillator's customizable alert system. Traders can set up personalized alerts for bullish or bearish crossovers, breaches of overbought or oversold thresholds, or any specific events that align with their trading strategy. Real-time notifications enable timely action, ensuring traders never miss lucrative trading opportunities.
The Ultimate Balance Oscillator is a robust trading companion, empowering traders to make shrewd and calculated decisions. Embrace its power and elevate your trading endeavors to new heights of precision and success. Discover the potential of the Ultimate Balance Oscillator and unlock a world of trading possibilities.
Volume Accumulation Oscillator (VAO)The Volume Accumulation Oscillator (VAO) is a powerful momentum-based indicator designed to assess the strength of volume accumulation in a given asset. It helps traders identify periods of intense buying or selling pressure and potential trend reversals.
The VAO calculates the Net Volume Accumulation (NVA) by considering the volume, open, close, high, and low prices. It then applies exponential moving averages (EMAs) to smooth the NVA and calculates the VAO by comparing the smoothed NVA with its EMA over a specified signal period.
The VAO is plotted as a line chart, providing a clear visual representation of its values. Positive VAO values indicate strong bullish volume accumulation, suggesting potential upward price movement. Conversely, negative VAO values indicate significant selling pressure and the possibility of a downtrend.
To enhance the analysis, the indicator includes reference levels such as the zero line and +/-1 levels. These levels serve as important reference points for interpreting the VAO values and identifying key turning points in the market.
Additionally, the VAO histogram is included, which further illustrates the strength and direction of volume accumulation. The histogram bars are color-coded, with green bars representing positive VAO values and red bars representing negative VAO values.
The Volume Accumulation Oscillator is a versatile tool that can be used in various trading strategies. Traders can look for divergences between the VAO and the price chart to identify potential trend reversals. Combining the VAO with other technical analysis techniques can provide valuable insights into market dynamics and help traders make informed trading decisions.
Note: It is recommended to customize the indicator's parameters and conduct thorough backtesting to align it with your specific trading strategy and preferences before using it for live trading.
Disclaimer: This indicator is provided for educational and informational purposes only. Trading involves risks, and it is important to exercise caution and conduct your own analysis before making any investment decisions.
David Varadi Intermediate OscillatorThe David Varadi Intermediate Oscillator (DVI) is a composite momentum oscillator designed to generate trading signals based on two key factors: the magnitude of returns over different time windows and the stretch, which measures the relative number of up versus down days. By combining these factors, the DVI aims to provide a reliable and objective assessment of market trends and momentum.
Methodology:
To calculate the DVI, a specific formula is applied. The magnitude component involves averaging smoothed returns over various lengths, weighted according to user-defined parameters. This calculation helps determine the magnitude of price changes. The stretch component follows a similar process, averaging smoothed returns over different lengths to gauge market momentum. Users have the flexibility to adjust the weights and lengths to suit their trading preferences and styles.
Utility:
The DVI offers versatility in its applications. It can be used for both momentum trading and trend analysis due to its smooth and consistent signals. Unlike some other oscillators, the DVI provides longer and uncorrelated signals, allowing traders to effectively combine trend-following and mean-reversion strategies. For example, the DVI is adept at identifying overbought levels above the 200-day moving average, serving as a useful tool for determining exit points during price strength and even potential shorting opportunities. Traders can develop simple trading systems based on the DVI, buying above the 200-day moving average and selling when the DVI exceeds a specified threshold. Conversely, they can consider short positions below the 200-day moving average and cover when the DVI falls below a specific threshold. The DVI's objective approach to analyzing market momentum makes it a valuable resource for traders seeking to identify trading opportunities.
Key Features:
Bar coloring: based on Trend, Extremeties or Reversions
Reversions: Potential reversal points marked with triangles above\below oscillator
Extremity Hues: Highlighting oxcillator reaching traditional OB\OS levels
Example Charts:
Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis---
Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis
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Script Overview
Welcome to the Advanced Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis. This unique strategy is designed to provide a comprehensive, multi-timeframe trading view by leveraging the Ichimoku Cloud, Z-Score, Stochastic Oscillator, and an innovative implied volatility measure – the Kumo Depth. By integrating these powerful tools into one script, traders can make more informed decisions by considering trend strength, volatility, and volume in one holistic view.
Rationale & Strategy
The script was created with the rationale that trading decisions should not only be based on price action and volume, but also on market trend strength and implied volatility. The script integrates these various elements:
The Ichimoku Cloud, a versatile indicator that provides support and resistance levels, trend direction, and momentum all at once.
The Z-Score, a statistical measurement of a value's relationship to the mean (average) of a group of values.
The Stochastic Oscillator, a momentum indicator that uses support and resistance levels to determine probable trend reversals.
The Kumo Depth Analysis, an innovative measure of implied volatility and market trend strength derived from the thickness of the Ichimoku Cloud.
How It Works
This script works by providing visual buy and sell signals based on the confluence of the aforementioned tools.
Ichimoku Cloud and Z-Score: The script first calculates the Ichimoku Cloud lines for both a higher and lower timeframe and measures how much current prices deviate from the cloud using Z-Score.
Stochastic Oscillator: This Z-Score is then inputted into a Stochastic Oscillator, thus giving the oscillator a more normalized range.
Kumo Depth Analysis: Simultaneously, the thickness of the Ichimoku Cloud (Kumo) is calculated as an implied volatility indicator. This depth is normalized and used as a filter to ensure we are trading in a market with substantial trend strength.
Signals: Buy and sell signals are triggered based on the crossover and crossunder of the Stochastic Oscillator lines. Signals are then filtered based on their location relative to the Ichimoku Cloud (price should be above the cloud for buy signals and below for sell signals) and the normalized Kumo Depth.
How to Use
Signal Types: The script provides both strong and weak signals. Strong signals are accompanied by high volume, while weak signals are not. Strong buy signals are indicated with a green triangle at the top, strong sell signals with a red triangle at the bottom. Weak signals are shown as blue and yellow circles, respectively.
Trend Strength: The trend strength is shown by the normalized Kumo Depth. The greater the Kumo Depth, the stronger the trend.
Timeframes: You can customize the timeframes used for the calculations in the input settings.
Adjustments: Users can adjust parameters such as the Ichimoku settings, Stochastic Oscillator settings, timeframes, and Kumo Depth settings to suit their trading style and the characteristics of the asset they are trading.
This script is a complete trading strategy tool providing multi-timeframe, trend-following, and volume-based signals. It's best suited for traders who understand the concepts of trend trading, stochastic oscillators, and volatility measures and want to incorporate them all into one powerful, comprehensive trading strategy.
Relative Strength, not RSIThe Smoothed Relative Strength Indicator (not RSI) with Multi-Timeframe Support is a custom indicator that combines the concepts of Relative Strength (not RSI) and Money Flow Index (MFI) to create a smoothed trend-following tool. It works on any timeframe and adapts to different market conditions.
Key Features:
Multi-timeframe support: [ The script uses the request.security function to fetch data from other timeframes, allowing users to analyze the trend on different timeframes simultaneously.
Relative Strength calculation: The script calculates the Relative Strength (not RSI) by averaging the gains and losses over a user-defined period (len).
Money Flow Index calculation: The script calculates the Money Flow Index (MFI) by considering both price and volume data. The MFI is an oscillator that ranges between 0 and 100, and it helps identify overbought or oversold conditions in the market.
Combination of Relative Strength and MFI:The indicator calculates the average of Relative Strength and MFI values to create the Trend Reversal Strength (TRS) line.
Smoothing the TRS line: The TRS line is smoothed using a Simple Moving Average (SMA) with a user-defined smoothing length (smoothLen). This helps to reduce noise and make the trend more readable.
Trend color determination: The script determines the trend color based on the slope of the smoothed TRS line. If the current value of the smoothed TRS line is higher than the previous one, the line is colored green (uptrend). If the current value is lower than the previous one, the line is colored red (downtrend).
Visual representation of trend changes: The indicator plots small circles at points where the trend color changes, making it easier to identify potential trend reversal points.
Zero line: The script draws a horizontal line at the zero level to help users gauge the market's strength or weakness relative to this level.
Usage:
This indicator can be used as a trend-following tool to identify potential entry and exit points in the market. When the smoothed TRS line is green and rising, it suggests a bullish trend, and traders may consider entering long positions. Conversely, when the smoothed TRS line is red and falling, it indicates a bearish trend, and traders may consider short positions or exiting long trades.
Please note that this indicator should be used in conjunction with other technical analysis tools and proper risk management techniques to improve the accuracy of your trading decisions.
Correlation index and liquidityAn indicator with which you can easily compare any ticker with the ones offered.
You can choose any of the tags that are offered in the options
You can also create your own ticker if you select the Custom in Mode option.
If the comparison mode is enabled, the current ticker you are viewing is divided by the ticker selected in the indicator.
For example, if you have the EURUSD ticker open. And the EURUSD indicator is selected in the option in the indicator. Then you will get the EURUSD correlation index with other currency pairs that are correlated, for example GBPUSD+NZDUSD+AUDUSD. This means that you can now see the common index of those three pairs in relation to the EURUSD.
Custom index for major currency, example GBP have index of GBPUSD+GBPAUD+GBPJPY+GBPNZD+GBPCHF. This means that you can now see the common index of those pairs in relation to the GBP.
This script is unique because it requires the optimal combination of pairs needed for each pair specifically, which I came to during many years of studying the forex market so the source code of the script have to remain hidden.
If you are a beginerr, you can just apply simple trend-breakout strategy after you spot the divergence.
For advanced traders, you can use this together with ICT's and SMC concepts as a confirmation upon your entry.
Please comment if you like it!
CRYPTO DIVERGENCE FINDERThis indicator allows you to easily compare any ticker you're looking at with the ones I've found to work best over many years of studying the crypto market. For these reasons, the code of the script is hidden because that is exactly what makes it unique.
You can choose any cryptocurrency, but I recommend using only perpetuals on 'BINANCE' exchange.
If the comparison mode is enabled, the current ticker you are viewing is divided by the ticker selected in the indicator.
For example, if you are watching "SOLUSDT.P" you should open the settings of the indicator and write "SOLUSDT.P" in the ticker field. Then you will get the SOLUSDT.P correlation index with other crypto and currency pairs that are correlated (like I already said this is something that is product of many years of studying this market and this is exactly what is unique about the code so the source of the script have to stay protected).
If you are a beginer, you can just apply simple trend-breakout strategy after you spot the divergence.
For advanced traders, you can use this together with ICT's and SMC concepts as a confirmation upon your entry.
