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CMO (Chande Momentum Oscillator) Strategy This indicator plots Chande Momentum Oscillator. This indicator was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we recommend the book The New Technical Trader by Tushar Chande and Stanley Kroll. The CMO is closely related to, yet unique from, other momentum oriented indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc. It is most closely related to Welles Wilder`s RSI, yet it differs in several ways: - It uses data for both up days and down days in the numerator, thereby directly measuring momentum; - The calculations are applied on unsmoothed data. Therefore, short-term extreme movements in price are not hidden. Once calculated, smoothing can be applied to the CMO, if desired; - The scale is bounded between +100 and -100, thereby allowing you to clearly see changes in net momentum using the 0 level. The bounded scale also allows you to conveniently compare values across different securities.
Pine Script® indicator
by HPotter
CANX Premium Momentum & Candle Identification© CanxStixTrader CANX Premium Momentum & basic candle I.D (Customizable) An indicator that simply shows you the way the market is trending and signals candles for potential entry positions. (Fully Customizable) - This will make it very easy to see what direction you should be looking to trade. Also included with this script is the candle stick identification tool to help identify the correct timing to enter trades. - The candle identification will help you identify the correct type of candles for confirmation and entries Triple EMA 50,100,200 - The cloud fill helps give you a quick and clear indication of the way the market is trending UPDATED WITH MORE CANDLE IDs Keep it simple
Pine Script® indicator
by CanxStixTrader
True Range MomentumThe indicator calculates the momentum of bullish and bearish based on the average true range and the highest highs and lowest lows of the historical price. The indicator displays the strength for either taking a long position, or a short position. The simplest way to use the indicator is to take a long position when the M+ line crosses above the 0 line. Similarly, to short, the M- line should cross above the 0 line. The exit would be when the respective line crosses below the 0 line. The contrarian traders should wait for the lines to start rising towards the 0 line and taking an exit. In essence, the line should be going from negative to 0. The greater the divergence between the M+ and M-, the stronger the trend. The small table of Long and Short suggests what is in strength. A 100 will show a strong trend in the respective direction. It will be 50-50 when there is no clear direction, ideally identifying a consolidation range.
Pine Script® indicator
by maksumit
2
[TTI] Stage Analysis Momentum Index––––History & Credit The credit to this indicator goes to Stan Weinstein, the father of Stage Analysis. By studying his books and methods he has disclosed the exact way of calculating the Momentum Index that is being used by him and his team in order to gauge the market. –––––What it does The indicator falls into the category of technical indicators used by Stan. It calculates an simple moving average based on the difference between the Advancing and Declining issues on various markets. The settings of the indicator allow to adjust the length of the moving average as well to choose 1 of the 3 markets for which it has been scripted to work: NYSE, NASDAQ or Total US Stocks. –––––How to use it The indicator ought to be used on the daily chart The most important thing to look for is if the indicator is if it is above zero and below zero. A below zero Momentum index is an outright bearish signal and traders should consider stepping out of the market or initiate short positions. The other things that ought to be considered are the depth and length of the prior to a violating action. In a nutshell the longer, stronger the above zero action the more powerful a below zero cross will be.
Pine Script® indicator
by TintinTrading
6
Dynamic Zones Polychromatic Momentum Candles [Loxx]Dynamic Zones Polychromatic Momentum Candles is a candle coloring, momentum indicator that uses Jurik Filtering and Dynamic Zones to calculate the monochromatic color between two colors. What is Jurik Volty used in the Juirk Filter? One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive. What is the Jurik Moving Average? Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines. What are Dynamic Zones? As explained in "Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph .D., and David Stendahl" Most indicators use a fixed zone for buy and sell signals. Here’ s a concept based on zones that are responsive to past levels of the indicator. One approach to active investing employs the use of oscillators to exploit tradable market trends. This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading lev- els. However, these oscillator- driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem. Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system. An indicator’s extreme levels can be quantified using statistical methods. These extreme levels are calculated for a certain period and serve as the buy and sell zones for a trading system. The repetition of this statistical process for every value of the indicator creates values that become the dynamic zones. The zones are calculated in such a way that the probability of the indicator value rising above, or falling below, the dynamic zones is equal to a given probability input set by the trader. To better understand dynamic zones, let's first describe them mathematically and then explain their use. The dynamic zones definition: Find V such that: For dynamic zone buy: P{X <= V}=P1 For dynamic zone sell: P{X >= V}=P2 where P1 and P2 are the probabilities set by the trader, X is the value of the indicator for the selected period and V represents the value of the dynamic zone. The probability input P1 and P2 can be adjusted by the trader to encompass as much or as little data as the trader would like. The smaller the probability, the fewer data values above and below the dynamic zones. This translates into a wider range between the buy and sell zones. If a 10% probability is used for P1 and P2, only those data values that make up the top 10% and bottom 10% for an indicator are used in the construction of the zones. Of the values, 80% will fall between the two extreme levels. Because dynamic zone levels are penetrated so infrequently, when this happens, traders know that the market has truly moved into overbought or oversold territory. Calculating the Dynamic Zones The algorithm for the dynamic zones is a series of steps. First, decide the value of the lookback period t. Next, decide the value of the probability Pbuy for buy zone and value of the probability Psell for the sell zone. For i=1, to the last lookback period, build the distribution f(x) of the price during the lookback period i. Then find the value Vi1 such that the probability of the price less than or equal to Vi1 during the lookback period i is equal to Pbuy. Find the value Vi2 such that the probability of the price greater or equal to Vi2 during the lookback period i is equal to Psell. The sequence of Vi1 for all periods gives the buy zone. The sequence of Vi2 for all periods gives the sell zone. In the algorithm description, we have: Build the distribution f(x) of the price during the lookback period i. The distribution here is empirical namely, how many times a given value of x appeared during the lookback period. The problem is to find such x that the probability of a price being greater or equal to x will be equal to a probability selected by the user. Probability is the area under the distribution curve. The task is to find such value of x that the area under the distribution curve to the right of x will be equal to the probability selected by the user. That x is the dynamic zone. Included Loxx's Expanded Source Types
Pine Script® indicator
by loxx
1
Momentum [SignalCave]Momentum Indicator helps you to identify potential reversal areas . Calculation done with using Relative Strength Index (RSI), Money Flow Index (MFI) and Average Directional Movement Index (ADX) indicators. On full strength bearish movement bars paints as light red , full strength bullish movement bars paints as light green color. They indicates that trend can be change to opposite direction in a short period of time. Momentum Strength have three modes which are "Aggressive, Moderate and Conservative" . You can customize the mode on settings screen. Alerts are available for "Bullish Momentum, Bearish Momentum" conditions. Type asset name on symbol search area. Adjust your timeframe that you wish to track. Click "Create Alert" . Select one of the condition that you wish to get inform from create alert panel. Select "Once Per Bar Close" option. Click "Create" .
Pine Script® indicator
by kriswaters
Relative Momentum Index- Fatih Küst alt 80-20 ayarlanmış momentum Usage: Add your favorite oscillator, RSI , Klinger , TSI, CMF , or anything else to a chart. Click the little ... (More) on the oscillator. Then add this indicator "Divergence Indicator (any oscillator)" on your oscillator of choice. Click the settings on this indicator and make sure the source is set to the right plot from your oscillator. Watch for it to plot divergences... Add this indicator a second time on the price chart (and select the same oscillator plot), but check the box "plot on price (rather than on indicator)"" See you divergence plotted on price (as well as on the oscillator)
Pine Script® indicator
by fth66
1
Momentum Trend IndexMomentum Trend Index (MTI), is a Trend Filtering system that utilizes momentum via RSI in a special unique way which not many people have done to date within Tradingviews platform and even outside it. Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes. Use your favourite RSI or Moving Average settings (4,9,13,21,31,50,100,200,etc) Included in the indicator is an option to plot the Over Sold and Over Bought levels directly to your chart!
Pine Script® indicator
by MMCFX
2
Ultimate Momentum Indicator [CC]This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks and valleys. I have included strong buy and signals in addition to normal ones so darker colors are the strong buy and sell signals and lighter colors are the normal ones. I would recommend to buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you would like me to publish!
Pine Script® indicator
by cheatcountry
6
Dynamic Momentum Oscillator (DYNAMO) by M.YALCINIn July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation. The Dynamo oscillator is a normalizing function that adjusts the values of a standard oscillator for trendiness by taking the difference between the value of the oscillator and a moving average of the oscillator and then subtracting that value from the oscillator midpoint. Dynamo Oscillator is calculated according to: Dynamo = Mc - ( MAo - O ) where: Mc = the midpoint of the oscillator MAo = a moving average of the oscillator O = the oscillator Usage: This concept can be applied to most oscillators to improve their results. This example applies it to an RSI oscillator in MetaStock: 50-(Mov(RSI(14),21,S)-RSI(14)) where: Mc = RSI's midpoint = 50 MAo = Moving average of the RSI = Mov(RSI(14),21,S O= RSI Oscillator = RSI(14) Also with this indicator, you can adjust the moving average type and RSI calculation types dynamically.
Pine Script® indicator
by mayyalcin
Momentum DirectionMomentum trading is a technique in which traders buy and sell according to the strength of recent price trends. ... Momentum traders bet that an asset price that is moving strongly in a given direction will continue to move in that direction until the trend loses strength How to use : This indicator gives you the exact entry and exit reading the moving average and direction into the oscillator aqua positive orange negative buy or sell signals and divergence plus pivots to overview potential reversals Perfect Entry Timing The best momentum trades come when a news shock hits, triggering rapid movement from one price level to another. In turn, this sets off buying or selling signals for observant players who jump in and are rewarded with instant profits. Another batch of momentum capital enters as the trade evolves, generating counter swings that shake out weak hands. The hot money population finally hits an extreme, triggering volatile whipsaws and major reversals.
Pine Script® indicator
by Shenl0ng
7
Trader Set - Volume MomentumThis is a Momentum indicator but on "Volume" The formula is heavily tweaked version of TSI with chance of using different averaging types, the period numbers are fixed and user don't need to type anything for them! Please don't contact me for getting access, these tools are available for my students only. These are part of my "methodology" that I teach. The English version of the website and learning material is under development and I will announce it under each related script when they are ready so that those who are interested can participate in the course.
Pine Script® indicator
by CAB_Member
6
Trader Set - Ergodic MomentumThis is a price momentum indicator that is based on Ergodic formula (TSI), but the formula is tweaked and different types of averaging is allowed. by changing the type of average calculation and some predefined values (totally different from what is suggested by now) we get a nasty indicator that can easily be used both for cycle observation side by side with momentum of the price itself ! Please don't contact me for getting access, these tools are available for my students only. These are part of my "methodology" that I teach. The English version of the website and learning material is under development and I will announce it under each related script when they are ready so that those who are interested can participate in the course.
Pine Script® indicator
by CAB_Member
6
[RESEARCH] MomentumHello traders and developers! I compared different techniques to get momentum of the series. The 4 samples are: 1) Raw difference between price and price some bars ago 2) Built-in "change" function 3) Built-in "mom" function 4) Jedi's momentum - difference between current and previous SMA multiplied by it's period All results are identical. So, we have two built-in functions that do the same thing: "change" and "mom". For brevity it is better to use "mom" when you need to get momentum of the series. Good luck!
Pine Script® indicator
by everget
Dynamic Momentum Index (DMI) Strategy This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator is covered in detail in their book The New Technical Trader. The DMI is identical to Welles Wilder`s Relative Strength Index except the number of periods is variable rather than fixed. The variability of the time periods used in the DMI is controlled by the recent volatility of prices. The more volatile the prices, the more sensitive the DMI is to price changes. In other words, the DMI will use more time periods during quiet markets, and less during active markets. The maximum time periods the DMI can reach is 30 and the minimum is 3. This calculation method is similar to the Variable Moving Average, also developed by Tushar Chande. The advantage of using a variable length time period when calculating the RSI is that it overcomes the negative effects of smoothing, which often obscure short-term moves. The volatility index used in controlling the time periods in the DMI is based on a calculation using a five period standard deviation and a ten period average of the standard deviation. WARNING: - This script to change bars colors.
Pine Script® indicator
by HPotter
DepthHouse Relative Momentum Range OscillatorDepthHouse Relative Momentum Range Oscillator uses several calculations between the relative momentum and range to help determine trend direction and strength. Breakouts above the adjustable horizontal zone often serve as a bullish confirmation, while breakout below the horizontal zone often serve as a bearish confirmation. Crosses of gold and yellow signal line represent trend consolidation and/or possible reversal zones. How to get: As you can see this is an invite only script. In the coming month this indicator, along with many others will become pay to use only. (website on my profile page) However all my indicators will be FREE until May 1, 2018 . So please try them out! To take advantage of this FREE trial : 1. Leave comment on this indicator post! Maybe even give me a follow :D 2. Check out and take advantage of all my other indicators! I hope you all enjoy! Notes: Signals Beta: Both functions give possible buy and sell signals shown by the circles in the middle. The strength of the signal is shown by the circle size. The larger the circle, the stronger the signal. This feature is in beta testing is not advised to trade off of. Altering the Multi-Factor will adjust the dotted signals at the bottom. This is a heavily modified version of my DepthHouse Envelope Oscillator
Pine Script® indicator
by oh92
106