This is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell. This was a custom request so if you would like more then just send me a message!
The Double Smoothed RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator and his Momenta RSI formula. I have color coded everything to make it very easy to determine buy and sell signals. Let me know if you would like to see me write scripts for other indicators!
The Momenta RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator formula. I have color coded everything to make it very easy to determine buy and sell signals. Let me know if you would like to see me write scripts for other indicators!
Double Smoothed Momenta was created by William Blau (Stocks & Commodities V. 9:5 (202-205)). His original indicator didn't use a signal period so I added one to notify you when to buy or sell. Buy when the indicator goes over the signal line and sell when it is falls below the signal line. Let me know what other indicators you would like me to write scripts for!
The Momentum Indicator was created by Darryl W Maddox (Stocks & Commodities V. 9:4 (158-159)) and it is one of the simplest and most powerful indicators out there. Buy when the indicator goes over 0 and sell when it falls below 0 Let me know what other indicators you would like to see me write a script for!
This is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0. Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!
The Quad CCI is a trend identification indicator described by Mark Whistler in his book 'Volatility Illuminated'. The reason for using four separate CCI channels is so that we can: Prevent ourselves from taking positions against momentum. Time our trades with short-term 'wrist-rocket' thrust from the larger market momentum. Clearly determine whether the...
The Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think. Let me know if you would like to see me write any other scripts!
The Discrete Fourier Transform Indicator was written by John Ehlers and more details can be found at www.mesasoftware.com I have color coded everything as follows: blue line is the dominant cycle, orange line is the power converted to decibels, and I have marked the other line as red if you should sell or green if you should buy Let me know if you would like...
EN Centered Oscillator Shows the relative rate of divergence of movings Consists of three lines: X — Impulse; changes quickly, sensitive to all changes in price (fast line) Y — Inertia; follows impulse, not sensitive to slight changes (middle line) Z — Trend; shows the priority of the direction (slow line) With positive changes in price, the oscillator...
## CDC ActionZone V3 2020 ## This is an update to my earlier script, CDC ActionZone V2 The two scripts works slightly differently with V3 reacting slightly faster. The main update is focused around conforming the standard to Pine Script V4. ## How it works ## ActionZone is a very simple system, utilizing just two exponential moving averages. The 'Zones' in...
This indicator draws signals on the chart when a Bullish MACD Crossover occurs at the same time RSI is "oversold", and also when Bearish MACD Crossover occurs at the same time RSI is "overbought" Indicators are drawn on the chart in the following scenarios: 1. Bullish signal a. MACD bullish crossover occurs on a single bar b. RSI was below the Oversold...
The Sell Gravitation Index was created by Howard Wang and was published in Stocks & Commodities V37:02 (36-38) This indicator is similar to the relative strength index but the big difference is that this indicator gives early buy and sell signals which I find very helpful. Buy when it rises above its signal line and sell when it falls below its signal line. Let...
Simple indicator with the thought of merging MACD and ATR. The idea has come from trying to find a way to define sideways markets. Whipped this up quickly to explore the idea. Feel free to throw in suggestions or even mention other open source indicators that define sideways markets well. Simple instructions If histogram green, breakouts/trade zone. If histogram...
The Enhanced Williams %R Indicator was created by Robert J Kinder Jr (Stocks & Commodities V5:5 (180-182)) and is based on the Williams %R Indicator. It takes volume into account and the buy and sell signals are pretty much the same. I would recommend to buy when the indicator is over the signal and if you want a confirmation then also make sure the signal is...
This is a centered triple oscillator which measures RSI, RVI (volatility), and Coppock Curve (trend). This is centered so it ranges from negative 50 to positive 50. This indicator is used most accurately when all 3 indicators show above/below 0. RSI is the bright pink line. RSI determines strength in a direction. When it is above 20 or below -20, a pullback is...
A series of highs and lows of different lengths to create a ribbon-like indicator to emulate the stochastic oscillator's top (100), middle (50) and bottom (0). Traders can determine the strength of the support and resistance by the number of converging lines, choose price points and visualise momentum waves. Inputs: Theme: multiple colours/themes (theme...
Hello Traders, This script analyses divergences for 11 predefined indicators and then draws column on the graph. Red columns for negatif divergence (means prices may go down or trend reversal), Lime columns for positive divergences (means prices may go up or trend reversal) The script uses Pivot Points and on each bar it checks divergence between last Pivot...