Impulse Volume Emiliano Mesa OscillatorThe impulse volume overlay, is the 1st part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of a signal line suggest when there is an impulse in any of them.
How it works:
Yellow == No impulse... Market will most probably follow the trend
Red == Market has a seller increase
Lime == Market has a buyer increase
I DO NOT TAKE RESPONSABLITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK
Overlay
Impulse Volume Emiliano Mesa OverlayThe impulse volume overlay, is the 2nd part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of several EMA lines giving perfect entries. Results are very promising even in FOREX market... For now it has only been tested in 5 min charts.
How it works:
1) Check either if the price is in a down or up trend. So if the price is under both 100 and 200 EMA its down, and viceversa
2) If you have a down trend, wait for the overlay indicator to highlight the bars green, when the highlight stops enter a selling position, it is suggested you calculate your stop loss with the ATR. If the trend was going up, do the same with the red highlight.
3) Exit position when you feel like it, furthermore a trailing stop is suggested in order to maximize profit.
I DO NOT TAKE ANY RESPONSABILITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK.
Better Volume - a separate, non-overlaid volume indicatorHey guys
Coming at you again with a very simple script for displaying volume that is not overlaid on the price chart. This volume is in a separate indicator window for when you don't want the volume to get in your way. Bonus: default colors are color matched to default volume indicator (can be changed in the "Style" tab under settings). Includes the moving average as well, with the option to hide it if desired
Inspired by @tradedevils
RSI Overbought/Oversold OverlayDo you love RSI Overbought/Oversold signals, but want more space on the screen for the actual price chart? "RSI Overbought/Oversold Overlay" to the rescue! This indicator highlights the chart's background color green when the RSI goes overbought and red when the RSI goes oversold. You can set the RSI length, overbought level, and oversold level in the format box.
Obviously, this is not the indicator to use if you're looking for things like RSI divergence, but if you're only interested in when RSI reaches the extremes of the range, this can save you some screen real estate.
Mendy's Impulse SystemThis is an adaptation of Elder's Impulse System.
In Elder's Impulse System, he makes use of a MACD and an Exponential Moving Average (EMA) as censors in his buy or sell decisions. If both the direction of the MACD-Histogram and the EMA's slopes are upward, the censor gives him the permission to buy. If both of their directions are downward, the censor gives a permission to sell. If one is sloping upward and the other downward, the censor gives a blue signal, and depending on context, either a buy or sell signal, or better yet a hold signal.
First, this new indicator takes the idea a step further by using the Arnaud Legoux Moving Average (ALMA) in lieu of an Exponential Moving Average in the computation of the MACD line. The ALMA was designed to be more responsive to changes in price, so the idea here is that the responsiveness will give more reliable buy or sell signals vs. the usual MACD.
Next, in Elder's original Impulse System, he makes use of the direction of the EMA (usually 13-period) to complement the MACD indicator he's using. In the new indicator, instead of using one EMA, two EMAs are used, one fast and another slow. The slow and fast EMAs are usually used to indicate the trend of the security being traded: a fast EMA above the slow EMA indicates an uptrend, while the reverse shows a downtrend. That being said, what replaces the function of Elder's EMA is not the fast and slow EMA, but the difference between the two: A positive value indicates an uptrend, while a negative value indicates a downtrend.
Third, the color signals generated by this new indicator does not make use of the value of ALMACD-Histogram and the EMA Difference. Rather, it uses the Rate of Change of both the value of the ALMACD-H and the EMA Difference compared to their previous day values. This decision stems from my issues with charting, because when you look at a chart spanning a large period of time, some periods have big price swings that causes the indicators of that period to have big values. Those big values then causes the chart to auto-adjust values, which makes the rest of the values within the indicator shrink. You can be fooled into thinking that a positive MACD-H signal has no momentum because it looks little compared to the huge histogram a few periods before that.
Therefore, my solution to that is to track the change of these values instead. By tracking the Rate of Change of these values, you can see if the indicator is losing momentum. When the Rate of Change shows a negative value, it means that the indicator is sloping downward, and if it shows a positive value, then it means the indicator is sloping upward. In this context, this indicator can be considered an oscillator as well. A positive consequence of this is that when the value of the Rate of Change crosses the zero line, it indicates the earliest point in which you can enter a buy/sell position. Following Elder's idea of indicator seasons, crossing the zero line indicates either the start of Spring or the start of Autumn.
All in all, this new indicator generates three colors, similar to Elder's Impulse System: Red, Blue, Green. The indicator will return a Red color when both the ALMACD-Histogram and EMA Difference's Rate of Change is negative. The indicator will return a Blue color if one of them is sloping downward and the other upward. The indicator will return a Green color if both the ALMACD-H and EMA DIfference's Rate of Change is positive.
Finally, this indicator will overlay the color signals over the bars/candles, as well as show you the ALMACD-Histogram and EMA Difference.
I hope you find this indicator useful. Happy trading.
Special thanks to Samuel16 for his code on Elder's Impulse System, and Sclark39 for his code on Arnaud Legoux MACD.
RSI / STOCH RSI OVERLAY by BluephantomI found that I was always using the RSI and Stoch RSI in combination with each other and I started to merge them.
But I found that it was getting annoying having to merge them every time I opened them up on the screen
I also used a horizontal line at 50 to show the mid point as many traders do but again it was something I had to add every time I opened up the indicator again.
So I created this script that overlayed the Stoch RSI and RSI and added a half way line at 50.
Please note that the default lengths are at (10) instead of (14). This is just my personal preference for Bitcoin/Crypto trading. You can change these settings and "Save As Default" to whatever works for you.
TEMA/hullMA Ribbon with Bollinger BandsDesigned for shorted time frames.
Bollinger bands based off of TEMA as source.
Ribbon based off TEMA and hullMA divergence.
RMA used to signal Bollinger bands.
Ribbon:
pinch -> reversal
blue -> sign of possible uptrend
red -> sign of possible downtrend
Bollinger bands background:
blue -> sign of continuing uptrend
red -> sign of continuing downtrend
MTF Previous Open/Close/RangeThis indicator will simply plot on your chart the Daily/Weekly/Monthly previous candle levels.
The "Auto" mode will allow automatic adjustment of timeframe displayed according to your chart.
Otherwise you can select manually.
Indicator plots the open/close and colors the high-low range area in the background.
Hope this simple indicator will help you !
You can check my indicators via my TradingView's Profile : @PRO_Indicators
MACD OverlayMACD Overlay indicator plots the MACD directly on price. This helps you better understand the MACD indicator and filter the false signals.
Bollinger Bands Fibonacci ratiosThe Fibonacci Bollinger Bands indicator is based on the same principles as the standard Bollinger Bands indicator developed by John Bollinger. The Fibonacci Bollinger Bands indicator bases its upper and lower bands on volatility just like the Bollinger Bands indicator does, but instead of using standard deviation as the measure of volatility, a Wilders Smoothed ATR is used in its place.
The middle band is a moving average used to establish the intermediate-term trend. The 3 upper bands are constructed by using the Wilders Smoothed ATR and multiplying it by each of the Fibonacci factors (1.618, 2.618, and 4.236) and then adding the results to the middle band. The 3 lower bands are constructed in the same manner as the upper bands except their results are subtracted from the middle band.
Golden Cross KAMAThe usage is very easy. When the line is green you can open long position, when the line is red you can open short position and when it's black just check by yourself.
Usually I use it with RSI and Bollinger Bands , in order to determine when the signal is strong or weak.
Just play with fastest and slowest SC to adjust the smoothness.
altcoin index overlayPurpose
This displays the "altcoin index" as a plot on your chart. Suggested use is coupled with the "altcoin index oscillator".
Use
Add it as an indicator while looking at the chart you would like to assess. Click the settings button (cog) to select which coins you would like included in the index.
You can couple this tool with the "altcoin index oscillator" indicator to view the correlation.
Notes
The "altcoin index" is the average BTC price of a selection of altcoins. Therefore this is their relation to bitcoin and not any national currency. Due to this, the indicator will be useless if you try to use it with BTCUSD etc.
Average True Range Overlay - BandPlots a band of width 1 ATR around the midpoint (HL2)
Settings:
- Length of ATR
[RS]Renko Overlay V0Renko Overlay:
tf: Timeframe to use.
mode: ATR or Traditional .
modeValue: can be whole number for ATR mode (ex:.15) or floating point value for Traditional (ex:.0.12345) .
showOverlay: Display renko bars.
showBarColors: Display Bar Colors.
showMa: display Renko based ma.
MA_length: moving average length.
note: should use with scale series only toggled on, so it doesnt strech.
[RS]Point And Figure Overlay V0Point and Figure Overlay:
tf: time frame to use.
mode: ATR or Traditional .
modeValue: can be whole number for ATR mode (ex:.15) or floating point value for Traditional (ex:.0.12345) .
reversal: number of reversal bricks.
Rob Hoffman - Overlay SetHere is all the Rob Hoffman (Overlay) Indicator. Will release the rest as a different indicator.
Planned,
1. Stochastic
2. MACD
Alternatively,
Videos
www.youtube.com
Coral Trend Indicator [LazyBear]This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :)
Supported modes:
- Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend.
- Ribbon Mode: Shown at the bottom pane. No trend lines are drawn.
- OverlayMode: Bars are colored based on the current trend. Trend line is also displayed (default color=gray).
Complete list of all my indicators:
docs.google.com
[LAVA] UNO OverlayEDIT: Ignore the comments... I can't get the update to show due to hard brackets " " being censored for some reason.... but they show up in here so this is where the updates will show.
This is the Ultimate (Nonlinear) Oscillator in overlay format. Took me a while to figure out the best configuration and finally found this one. From what I've observed, this is basically a support/resistance line indicator. When the candle moves thru the supporting/resisting line, its a entry/exit point or an indicator that the opposite side should be targeted depending on the market condition. Ignore the wicks as they go thru the line constantly.
Go here to see updates...
pastebin.com