Volume Zone Indicator (VZO) and Price Zone Indicator (PZO) are by Waleed Aly Khalil. Volume Zone Indicator (VZO) ------------------------------------------------------------ VZO is a leading volume oscillator that evaluates volume in relation to the direction of the net price change on each bar. A value of 40 or above shows bullish accumulation. Low values (<...
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 --------------------------------------------- Suggested...
These indicators, from John Ehlers' book "Cybernetic Analysis for Stocks and Futures", are EMA alternatives. The basic idea behind all these is to try to get smoothing with as little lag as possible. As you can see from the chart, they are much smoother, have better response, and a closer match to market prices. Basically, all the responsiveness of a faster...
Better Volume Indicator ----------------------------------------- This is a direct port of a famous indicator from Tradestation platform. BVI improves on your typical volume histogram by coloring the bars based on 5 criteria: * Volume Climax Up – high volume, high range, up bars (red) * Volume Climax Down – high volume, high range, down bars (white) *...
Developed by Buff Dormeier, VPCI won 2007 Charles H Dow award by the MTA. VPCI plots the relationship between price trend and the volume, as either being in a state of confirmation or contradiction. Excerpt from article below: "Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend...
1) Trix Ribbon =============================================================== This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy. Also, optionally this can plot a BollingerBand on Trix_1. More info on Trix: stockcharts.com 2) High/Low/Close Trend Indicator ...
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. Composite Index ---------------------------------------- This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...
Guppy Multiple Moving Averages --------------------------------- Developed by Daryl Guppy, the basic idea of Multiple moving average(MMA) is to view the trend as two band of moving averages – short term band and long term band. Shortterm averages capture the inferred behaviour of traders and long term represents the investors. Uses fractal repetition to...
I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.
See 1st Chart Post For Specific Details. Custom Indicator Highlights Bars for Specific Days of Week. Works on Daily Charts and Intraday Charts. Option to Highlight One Day or Multiple Days.
*** Full description in the comment below ****** This chart has 3 indicators: - Chande's R2 - Zscore - Inverse Fisher Transform on CCI Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.
These 2 indicators are derivative work from Jim Hurst's book - "The Magic of Stock Transaction Timing". The bands are % bands around a median that gets calculated according to Hurst's formula. The outer bands (called ExtremeBands) signify extreme overbought/oversold conditions. Inner bands signify potential pullback points. As you can see, they also act as...
All these indicators are by Mel Widner. Projection Bands : ------------------------------------------------------- These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band. Projection...
Volatility Quality Index (VQI), by Thomas Stridsman, points out the difference between bad and good volatility in order to identify better trade opportunities in the market. This plots 3 lines: - Red line is the VQI (actually, sum of VQI). - Green line is the 9-period SMA of sum_of_VQI. - Orange line is the 200-period SMA of sum_of_VQI. Stridsman suggested to...
***** NOTE: You may see all GREEN circles (it is due to a recent TV update). To work around this issue, change the "Circles" to "Cross" via Format -> Style ***** Market Facilitation Index, by Bill Williams, plots the effectiveness of price movement by computing the price movement per volume unit. 4 possible combinations of MFIndex and Volume are: Green :...
TMF is a CMF (Chaikin Money Flow) variation that addresses some of the gaps in the original indicator. More info: www.incrediblecharts.com TMF uses true range, rather than daily Highs minus Lows. Also, uses Wilder's MA rather than SMA/EMA. Since I had to write Wilder's MA (WiMA) for TMF, I have published that also as a separate indicator. WiMA is like EMA, but...
The Two Versions of this Indicator I learned from Two Famous and Highly Successful Traders. This Indicator shows With No Lag Clear Up and Down Trends in Market by Documenting Clearly If Bulls or Bears are in Control. The Version In SubChart 1 Shows Consecutive Closes if the Current Close is Greater than of Less than the Midpoint of the Previous Bar (Why Midpoint...
This MacD Indicator has every feature available. See First Post for Details.