TtM - The Calculator - Long/Buy SideThe Calculator is more than just an indicator. The math from its underlying 16 built-in indicators is the core of my overall trading strategy.
The Calculator takes all that data, analyzes it behind the scenes and then displays it in an EASY to understand format.
Basically, The Calculator takes the work out of something that would ordinarily be very difficult and simplifies it down to a couple of symbols.
It also contains the coding necessary to fire off the 'Server Side ALERTS' provided by TradingView.
My suggestion is to take The Calculator for a FREE ride. Get in, kick the tires and try to break it. In other words, 'drive' it like you ‘STOLE IT’.
I think you will be pleasantly surprised at the simplicity, power and potential results.
Lastly, since the indicator will be for sale, I will take TradingView up on their House Rules that allow me to post an outside instruction link.
That information will provide ALL the details necessary to allow you to flip the coin (pun intended) as to whether The Calculator might be a good fit for you.
Here is that link:
drive.google.com
If you would like access to your 'One Week FREE Trial' of The Calculator, just Private Message me at:
www.tradingview.com
I am normally able to respond within 24 hours or less.
NOTE: I am NOT a professional trader. I DO NOT provide investment advice. This content and the data provided in the indicator is based on my live and simulated, personal observations and is intended for educational purposes ONLY. YOU are responsible for ALL your trading decisions and ALL subsequent tax ramifications. Past performance DOES NOT guarantee future results.
Acknowledgments: I would like to personally thank the following TV members for their inspiration and in certain cases, their code snippet usage approval: RicardoSantos, Shizaru, LazyBear, MarcoValente, karthikmarar, glaz and joe_vijay. By virtue of building on their publicly available code snippets, the finish line came sooner rather than later. Also, a special thanks to gyromatical for assistance and brainstorming.
Divergence
Correlated Market Matrix - Correlation Computer - GyromaticalCorrelated Market Matrix - Correlation Computer
Works with up to 7 markets simultaneously to find price divergences.
Study Forex pairs, stocks, crypto alt coins.
Find potential entries quicker.
Short Description:
This indicator analyzes 6 markets and one spread (or 7 and no spread) against the currently loaded instrument,
with support for complex formulas. This indicator finds positive and negative correlations intrabar and throughout
the specified time frame simultaneously. It employs a weighting system and score threshold
(everything is user-definable) and signals upon positive or negative score. Alerts are included
for intrabar and overall positive and negative correlations.
Detailed description:
This indicator analyzes 6 different markets and 1 spread (or 7 different markets if no spread) and
measures correlations between them. The squares on the background are individual
correlations (intrabar) and the circles to the right-hand side depict whether the markets have risen
or fallen in price since the start of the specified time frame (red/green or gray for neutral).
To the right of the circles you have the instrument numbers. The numbers represent the instruments you
have specified, in order. Above these numbers and circles you will find two square icons.
You will notice the left-most icon has the caption of "Overall Score +" (or -) and the right-most icon
has the caption of "Intrabar Score +" (or -). The overall score measures the correlation score from the
start of the time frame to the present time. The intrabar icon measures the correlation score of
individual candles. The scoring system implements weighting which uses scores for each individual instrument
and all scores are user-definable (positive and negative). There is also a threshold level which is user-definable,
if the score reaches or crosses this level it will trigger the aforementioned signal icons.
The analyzation time frame is decided by the user. The Correlated Market Matrix can calculate from a
given date to present (real-time), or between two specified historic dates.
You are able to represent the correlations using the close (price) of the instrument or an EMA (speed is user-adjustable).
The spread has the individual option to use EMA or close (price) separately from the other instruments.
You have the option to assign the weight of any number (0 to 100) to any instrument if the instrument is bullish.
You additionally have the option of subtracting the numbers if it is bearish (-100 to 0).
You may assign both bullish and bearish weights to each instrument at the same time to obtain maximum balance.
If you do not desire custom weighting, simply leave the weights at 1.
The negative vs positive levels are then measured, and whichever score is the strongest determines if the
square icon displays "Overall Score +" or "Overall Score -" (same for Intrabar).
"Score +" means that the score is equal to or greater than the threshold.
"Score -" means that the score is less than the threshold.
Additionally you are provided the option of visualizing the actual correlation lines. This is useful in the sense that
you may view the direction of that particular secondary instrument without actually opening its chart. The color red
implies that the correlation is falling, while green implies it is rising. Please note that due to
limitations you cannot see the actual correlation value of these lines, and also this is an experimental feature so lines
may not always appear appropriately. In testing a line may vanish momentarily here and there but it is somewhat rare.
The background squares will tell you the actual state of the correlation.
HOW DO YOU READ IT?
The numbers represent the instrument you selected in that number slot.
The circles to the left of the numbers indicate if that market is up or down since the beginning of the specified timeframe.
Red means price is down, green means price is up, gray is neutral.
The icon "Intrabar Score +" or "Intrabar Score -" indicates whether the majority of markets are over their score threshold
(negative or positive correlation) for the current candle only.
If this is "Neutral" then there is no current score.
The icon "Overall Score +" or "Overall Score -" indicated the majority of markets are over their score threshold (negative or
positive correlation) for the OVERALL time frame (start to current, or start to finish if you are not using in real-time).
If this is "Neutral" then there is no current score.
For individual candle correlations, if the secondary instrument is up and the main instrument is down, the boxes are red.
If secondary instrument is down and main instrument is up, boxes are green.
If correlation lines are red then the correlation is becoming negative, if they're green then they're becoming positive.
This does not mean there is a negative or positive correlation, only that the correlation is rising or falling.
The background squares will tell you the state of the correlation.
PLEASE NOTE:
If you are using a white or bright colored chart, click the gear icon next to the indicator name.
Select the "Style" tab. The first option "Time frame Background Color" should be adjusted to either
black or white with no transparency (take note of the slider underneath the color squares).
This will make the matrix appear correctly.
INPUT MENU
By clicking the gear icon next to the indicator name, you are presented with a host of options.
The options are as follows, in order of appearance:
- Correlation Length : Amount of bars to look back for the correlation.
- Show Correlation Lines : Chose whether to display the correlation lines or not.
- Use Rising/Falling Colors : Use rising/falling colors for correlation lines instead of unique colors.
- Instrument Source : Chose from 'Price' or process the instrument through EMA instead.
- Price Source : This source works for both "Price" source and the EMA source.
- EMA Speed : Speed of the EMA if 'Instrument Source' is set to 'EMA'.
- Use EMA on Spread 1 : Use EMA on the 'Spread Instrument 1'. If unchecked, close is used by default.
- Use EMA on Spread 2 : Use EMA on the 'Spread Instrument 2'. If unchecked, close is used by default.
- EMA Speed for Spread 1 : Speed of EMA for Spread 1 if EMA is used instead of 'close'.
- EMA Speed for Spread 2 : Speed of EMA for Spread 2 if EMA is used instead of 'close'.
- Disable Spread and use Instrument 1 as correlated market instead : By default, the indicator takes both spread
instruments and calculates the spread between each (instrument1-instrument2=spread). If this feature is enabled, the indicator
will use only the 'Spread Instrument 1' and calculate it in the same manner as the other markets.
This is useful if you do not wish to use a spread and would rather have an extra market.
- Positive Weight of Instrument (1-7/spread) : Positive weight for the instrument.
It is recommended to enter only positive numbers here. If left 0, no weight will be added to the instrument but the indicator will
signal "Score -" if all others are also 0. If left at 1, if more markets are positive than negative, the indicator will present "Score +".
- Negative Weight of Instrument (1-7/spread) : This works in the same way as positive weight except it is recommended you enter
only negative numbers here (example: -1.5, -20). This number is subtracted from the overall score. If left 0, no weight will be
added to the instrument but the indicator will signal "Score -" if all others are also 0. If left at 1, if more markets are negative than positive,
the indicator will present "Score -".
- Threshold for score to be determined : if the weighting score of the instruments is this number or greater then
the square signal icon of + (greater) or - (lesser) is triggered.
- Instrument (1-6) : This is where you select which instruments/securities you wish to analyze. This input also
supports complex formulas, same as you'd enter them on your chart.
- Spread Instrument 1 : Instrument of part 1 of spread calculation
- Spread Instrument 2 : Instrument of part 2 of spread calculation
- From Month/Day/Year/Hour/Minute : Display data beginning at this specified time.
- To Month/Day/Year/Hour/Minute : Stop analyzing data at this specified time. To have it calculate indefinitely
in real-time, then the "To" settings should be left at Month: 12, Day: 31, Year: 2222, Hour: 23, Minute: 59.
STYLE MENU
- Time frame background color : The background color of the viewing area, especially helpful for white charts where colors may become faded.
- Correlation Line (1-7) : Properties for the displayed lines (if enabled). The first two colors are for rising and falling respectively
(if "Use rising/falling colors" is enabled), the last color is the default color of the line. This last color
will also be used for neutral if "rising/falling" is enabled.
- Instrument Label (1-7,Spread) : Properties for the right-hand numbered column, denoting which line is which instrument.
- Separator (1-8) : Solid lines between instruments
- Price Circle (1-7) : Circles between labels and background colors, denoting price rise/fall.
- Score + or - : Score icon above the instrument numbers
- Fill Row (1-6, Spread) : Background colors for the matrix. Default is red and green.
Have an idea? Customized logic is available for this framework.
This is not financial advice and this indicator system does not guarantee or claim to make profit.
The signals and ideas contained within this page and indicator are provided on an as-is basis. Use at your own risk.
Volume Oscillator Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Volume Oscillator divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Note : This is not a highly accurate indicator. You can use it with other indicators for confirmation.
Stoch-RSI Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Stoch-RSI divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
MACD Divergence MarkFeatures:
Bright & Dark theme option. Choose the type that you can see clearly.
Customizable MACD length parameters.
Mark all the MACD Divergence signals on your chat!
Getting Started:
Replace your MACD indicator with this one.
Contributing:
You can report bugs or issues under this page.
Any advice would be helpful for improving this indicator's accuracy.
Acknowledgements:
AtraxaLooking for:
X - Momentum divergence
Y - RSI Divergence
Z - Stochastic oversold/overbought region
Filter some signals with cmf
Each overlap prints different combination example...
XY - Momentum + RSI
YZ - RSI + Stochastic
Oscillator Divergence HistogramIdentify Divergences on 6 oscillators simultaneously.
From the bottom up.
0 to 1 (black): MACD
1 to 2 (green): Elders Force Index
2 to 3 (blue): RSI
3 to 4 (purple): Awesome Oscillator
4 to 5 (red): Commodity channel index
5 to 6 (orange): Stochastic
You can change the identification of the divergence in the settings and use the Oscillator Divergences indicator to visually see them when testing.
This detects the following divergences between price and the oscillator.
Regular Bullish Divergence: Price lower low | Oscillator higher low
Regular Bearish Divergence: Price higher high | Oscillator lower high
Hidden Bullish Divergence: Price higher low | Oscillator lower low
Hidden Bearish Divergence: Price lower high | Oscillator higher high
Early warning alert system. This identifies a developing divergence and can be used to set alerts.
Colors
Bearish: Maroon
Bullish: Green
Hidden Bearish: Light brown
Hidden Bullish: Light green
Developing early warning are lighter shades of the above.
ML - Super DivergenceThis script has been published for customer acceptance and verification. Sorry this mean access will only be provided to the customer.
For open source scripts, please take a look at the Backtest-Rookies profile. Users who are interested in custom development services can visit the Backtest-Rookies (.com) website.
Super Divergence
A super indicator that looks at 4 different oscillators and highlights price to indicator divergences for each of them. It has the following features:
Select which oscillator to plot
Detection of divergences on all 4 indicators irrespective of which indicator is plotted.
Pivot/Swing Detection
Optional Pivot/Swing plotting
Options Signal plotting
Alerts for each divergence
RSI Divergence Smoothed with Signal Line and Power ZonesThis Indicator plots Regular and Hidden Divergences lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change colour with direction or can be set as single colour
Colour Changing RSI helps when trading Multiple Timeframes as you can look for confluence in the direction of RSI
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
I have also added a Colour Changing Signal Line & Hima Reddy's Power Zones so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance
Double Stochastic DivergenceThis Study plots divergences and overlays a second %K as a fractal and changes the colour of %D for the non fractal
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Common value for %K is 5, I have chosen 3 as it gives faster entries when using multiple time frames
If you are not using a momentum indicator as a trailing stop and using only cycle indicator
then I would recommended %K be 4 for exits
Multi Divergence OverlayThis Indicator overlays Divergences lines on the chart for a Smoothed RSI an RSI Signal Line and 2 Stochastics
You can also choose to overlay Divergence lines from 1 Other Indicator on Your Page as the source
The Colors and Labels match my other Divergence Indicators
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
MACD Divergence PointerThis script points regular and optionally hidden types of bullish and bearish MACD divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
MACD settings are exactly same with the embedded MACD indicator's
MACD Cross-over ZonesBars above candles are color-based on MACD, when it turns bearish it will paint red and when it turns bullish green. Since the bars are painted above the candlestick one can see the price divergence in here too.
When one sees price is making higher highs or inside flat neutral momentum while MACD is in red, means weakness of selling.
When one sees price is making lower highs and MACD is red, it's signal that bears show strength and holding a short has more confidence until MACD turns green.
When one sees price is making lower highs and MACD is green, it's sign of weakness in buying, be cautious for reversal while holding (a long).
When one sees price is making higher highs and MACD is green, it's a sign of strength, one will be more confident holding a long until MACD turns red.
Mean Reversion and Momentum - Indicator versionMean Reversion and Momentum
Interpretation:
- Divergence means trend reversal
- Parallel movement means trend continuation
Squares above serve as a confirming signal
[FREE INDICATOR] Cyatophilum Relative Strength Index DIVERGENCESAn advanced RSI indicator to help you spot divergences with the price action.
Everyone can use the indicator.
Leave a like if you find it helpful !
DBT MoMo Divergence FinderThis is a variation of the DBT MoMo created to help find divergence patterns on any time frame.
A divergence is found when price makes a higher high, but the MoMo makes a lower high (bear divergence) or when price makes a lower low, but the MoMo makes a higher low (bull divergence).
This indicator has warning signals and confirmation signals when a divergence is found. Due to the extreme difficulty in coding a divergence indicator properly there are still false signals. Make sure to use basic technical analysis to confirm a divergence signal before trading it.
This indicator allows you to make alerts for Bull and Bear divergence signals, also crossing above 10 or below -10 signals.
You may use this indicator for momentum, but I do not recommend it. If you would like to use this indicator to find momentum signals please use the original version of the DBT MoMo. This indicator was made specifically to showcase divergence signals.
In the settings there is an option to change the histogram colors to match your warning colors.
The default colors are made for a dark background, if you trade on a light background like myself please feel free to change the colors to suit your needs.
Use at your own risk. This is not financial advise and this indicator is not guaranteed to make you profits. Please message me if you have any questions or feedback. Enjoy.
This indicator is apart of my indicators package, if you would like a trial access please feel free to message me.
