Another one from Ehlers.
Ehlers likes the idea behind StochRSI so much, he dedicated a full chapter in his book (linked below) on how stoch works with his "superlative" (his words, not mine) indicators. This is stoch of his CG oscillator.
Standard stochastic oscillator uses fixed period for calculations and does not adjust to the constantly changing market...
---- May 05 2015 -----
Added support for filtered ranges:
RID V3 : pastebin.com
RIDv3 has full backward compatibility (!?), meaning all my descriptions below still apply for V3.
-- In addition, I have added a NON-OVERLAY mode, which can be put in its own pane, that shows the number of bars in the current range.
-- in Overlay mode, you can...
Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but @ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go...
This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here -...
Heard this story from Larry Williams…the trader who holds the record for winning the U.S. Trading Championship by turning $10K in to 2 Million.
A trader named Owen Taylor developed this formula as a Floor Trader before to calculate the Projected High and Low of the next day.
The formula worked so well…Owen charged other Traders 1K to get it.
I was pretty...
Another one to add to Ehlers collection.
The MESA Adaptive Moving Average (MAMA) adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator. This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the...
This updates Blau's excellent Candlestick oscillator to be adaptive by using the length of a scaled stochastic indicator and an exponent (for calculating the smoothing coefficient) to obtain the moving average.
Check out the options page for configurable variables.
More info on Ergodic Oscillator:
Book: "Momentum, Direction and Divergence" by William...
Introduced by M.H.Pee, Trend Trigger Factor is designed to keep the trader trading with the trend.
System rules according to the developer:
* If the 15-day TTF is above 100 (indicating an uptrend), you will want to be in long positions.
* If the 15-day TTF is below -100, you will want to be short.
* If it is between -100 and 100, you should remain with the...
As we all know, as published by Wilder, RSI makes use of "CLOSE" values. You probably have experimented changing the input to hl2 or hlc3 . I have included many other RSI variations in this chart. Refer to the developers section below to learn how you can use this code in your scripts.
1) RSI with Volume
The slow relative strength index (SRSI) indicator created by Vitali Apirine is a momentum price oscillator similar to RSI in its application and interpretation. Oscillating between 0 and 100, it generates both OB/OS signals and midline (50) cross over signals and divergences.
As author suggests, bullish/bearish divergences generated by SRSI are not as effective...
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. This is a breadth indicator. STO is designed to be calculated using either issues or volume, I will post a follow up indicator that makes use of volume.
You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE /...
--- Updated: May 19 2015 ----
Applicable only If you are setting up alerts:
I noticed I have switched the plot names. Histo shd be the MACD and DMACD shd be the Signal.
Replace lines 16 & 17 with these to get the correct names. NOTE that no functionality is affected, just the names.
plot(r, style=columns, color=r>0?green:red, transp=80, title="Dinapoli...
Recently we developed a chrome extension for automating TradingView strategies using the alerts they provide. Initially we were charging a monthly fee for the extension, but we have now decided to make it FREE for everyone. So to display the power of automating strategies via TradingView, we figured we would also provide a profitable strategy along...
This oscillator is derived from Absolute Strength Index, originally developed by Tudor Marcelin (Art Invest).
I made it an oscillator mainly to make it easy to identify the divergences and price-flows. There is not much documentation available online for Absolute Strength Index afaik, lets hope Mr.Tudor comes across this and provides us a detailed writeup...
I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition).
I have included here 2 of the indicators she uses in all her charts.
This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...
This a modified MAC-Z using Z-VWAP. Since this uses VWAP, the signals are derived indirectly from both volume and price action.
I have also included a way to smooth MACZ-VWAP, you can enable it via options page.
Note that this will not work on any FX pair, as volume is not available.
Z-distance from VWAP:...
The CCT Bollinger Band Oscillator (CCTBO), developed by Steve Karnish of Cedar Creek Trading, reconfigures John Bollinger's classic Bollinger Bands (envelopes plotted at two Standard Deviations above and below a moving average) by drawing two parallel lines replacing the envelopes. The parallel lines represent a measurement of two Standard Deviations from the mean...
Market Direction Indicator (MDI), by Donald Lambert, is an extension of simple moving average cross over systems. Series of price cross over points are determined to derive MDI.
Note that the short/long lengths will differ between instruments. They need to be tuned properly.
I have added an option to specify a "cutoff" parameter. When MDI is in the cutoff zone...
This calculates normal distance of price from VWAP. This is a mean reverting idea (something like ZScore), but using both "volume" and "close".
Useful for finding OB/OS areas and potential turning points.
Complete list of my indicators: