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Skew Index Rank-Buschi English: a quick and simple tampering with the SKEW Index (also known as the "Black Swan Index") Personally, I find it quite difficult to use the SKEW Index as a reliable indicator. Nevertheless I implemented a ranking system (from 0 to 100) with the option to include a certain time period (default: 252 trading days (units)) and a moving average (default: 21 days (units)). Feedback is most welcome to modify / improve the script. Deutsch: eine schnelle und einfache Bearbeitung des SKEW Index (auch als "Schwarzer Schwan Index" bekannt) Persönlich finde ich es recht schwierig, den SKEW Index als verlässlichen Indikator zu verwenden. Trotzdem habe ich hier einfach einmal ein Ranking-System (von 0 bis 100) aufgesetzt mit der Option, einen gewissen Zeitrahmen (Standardwert: 252 Handelstage (Einheiten)) und einen gleitenden Durchschnitt (Standardwert: 21 Tage (Einheiten)) einzubinden. Feedback ist sehr willkommen, um das Skript zu überarbeiten / zu verbessern.
Penunjuk Pine Script®
oleh MagicEins
3
Canadian Dollar Currency IndexCanadian Dollar Currency Index updates in real time and doesn't close like tradingview.com's currency indexes. Based off of the Bank of Canada's CEER methodology and tracks it quite closely, although not perfectly. It seems to be higher than the Bank of Canada's index by 2 points. This could be due to using different data for the currencies and as I am not proficient in PineScript, I don't think I was able to replicate the formula exactly...? Regardless ,it works well and is more than close enough to suit one's purpose of tracking the Canadian dollar against a basket of currencies that are weighted according to the Bank of Canada's total weights (The total weight of a country j in year t is a weighted average of the their import, export and third-market competition weights). For more information on the actual Bank of Canada's index: www.bankofcanada.ca
Penunjuk Pine Script®
oleh Charles
Damping IndexThis indicator was originally developed by Curtis McKallip Jr. (Stocks & Commodities, V.10:7 (296-299): "The Damping Index"). It indentifies bars where the highs and lows are getting close and closer. A high Damping Index value means that the difference between the high price and low price is becoming lower and the security price is reaching equilibrium. A low Damping Index value means that the difference between the high and low prices is increasing. Good luck and happy trading!
Penunjuk Pine Script®
oleh everget
🥢Crypto-Sticks: Absolute Strength Index Osc. by Cryptorthyhms🥢Crypto-Sticks™: Absolute Strength Index Oscillator (Tudor Marcelin) A new series of indicators brought to you by Cryptorhythms...giving you an alternate look at your trusted favorites! Follow me, there are still 2 dozen Crypto-Sticks indicators planned - all will be released in public library. 🚀Indicator Specific Info New Crypto-Sticks option is an EMA of the average signal line output. Eventually I will go back and update the previous indicators with this feature as well! Heiken Ashi candles (default) adds some more clear trend changing points. HA example here: Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. VW adds too much noise in my opinion, especially during periods of higher volatility. I left there in case you want to experiment. An example of VW+HA: 💭Please leave me any ideas or feedback you have! 🚫If you use volume weighting you should be on heiken candles. 🚀Crypto-Sticks General Info 🚧This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on). 📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. I recommend using the indicator on this setting. 🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise. 👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. 💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Penunjuk Pine Script®
oleh theheirophant
1
Ultimate Strength Index (USI),Stoch Multi Time Frame(MTF)[cI8DH]Ultimate Strength Index ( USI ) adds stochastic, multi time frame, signal line, histogram, and bar coloring options to RSI and Absolute Strength Index ( ASI ) . It can also turn into an indicator similar to Awesome Oscillator/MACD line. This indicator can be used for analyzing momentum and trendiness/choppiness, as well as identifying swings (stoch). The fix applied in True RSI is also applied here. Chart below shows example multi-TF setup with bar coloring. For analyzing volume, I made a similar indicator based on money flow and accumulation/distribution, which you can find in the link below. Aggregation Method aggregation method = MA Percent => True RSI: momentum and divergence, failure swings aggregation method = MA => Absolute Strength Index: accurate momentum and divergence aggregation method = Cumulative => Awesome Oscillator alternative : momentum and divergence, twin peaks, ... (set the smoothing to 5 and signal length to 29ish) Smoothing, signal line and histogram to detect trend and choppiness You can apply additional smoothing to USI . Also, you can add a signal line and histogram (histogram is the difference between main line and signal line). To do so, set the signal length to a number greater than one. Signal line can help you detect changes in trend similar to the signal line on MACD. If signal line criss-crosses USI , it shows market is choppy. The worst case is when this criss-crossing coincides with USI flattening near neutral line and histogram height is relatively short; that means market is ded (until it is not; expansion following a contraction period is a common phenomena)! (Bear in mind that histogram will be hidden in stoch mode, and main and signal lines will be hidden in cumulative mode) Stochastic To enable stoch, change the stoch length to a number greater than 1 (default stoch length for the built-in RSI stoch is 14). This length should be calibrated depending on TF and asset. If done correctly, it can be a powerful tool for identifying swings. Stoch can be combined with any aggregation method. I recommend using stoch with MA aggregation (i.e. ASI ). For conventional uses of stochastic, please read www.tradingview.com(STOCH) and www.tradingview.com(STOCH_RSI). Experimental Bar coloring Feature There is an option to color bars depending on USI's position relative to the signal line. If both TFs are used in coloring and they are in disagreement, the TF with greater histogram height wins. There are two shades of green and red. The darker shade means both TFs agree. If you use the signal line, bar coloring can help with calibrating the indicator (play with parameters until you see a good looking chart i.e. a lot of green candles followed by a lot of red candles in a row). Please note that bar colors might change until candle(s) close(s). The bar coloring rules will most likely change in the future. Notes - Smooth MA length N = EMA length 2*N-1 - With correct settings, you can also create an alternative to normalized MACD line in the cumulative mode. True RSI Absolute Strength Index Please give a like, and share the interesting configurations you find in the comments.
Penunjuk Pine Script®
oleh cI8DH
12
Stoch Money Flow (ADMF) & Absolute Strength Index (ASI) [cI8DH]This indicator can apply my previous indicator, Historical and Standard Stochastic, to Money Flow (ADMF) or Absolute Strength Index (ASI) or both at the same time. It can also display those two indicators in regular mode as well as showing visual cues when the indicators make new ATH or ATL. ASI is basically a new name I am giving to my Gain/Loss Moving Average indicator. If you normalize ASI with the moving average of all the changes in price, it becomes identical to RSI. So ASI is basically non-normalized RSI, that is why it should be a more accurate representation of price momentum. ADMF is an accumulation/distribution and money flow momentum indicator. Both ASI and ADMF are not range-bound so it is not easy to compare them against each other. When stochastic equation is applied to them, they both become range-bound and comparable. The gaps between the two indicator can reveal valuable information about market dynamics. The chart below shows some examples (note the settings). For conventional usages of stochastic, please read www.tradingview.com(STOCH) and www.tradingview.com(STOCH_RSI). I recommend you to find the optimal length by playing with the stoch length in the indicator settings. If this parameter is calibrated properly, this indicator can be a powerful tool for identifying market cycle. You can get these features ( ATH , ATL detection and historical stochastic) for any other indicator using the script below:
Penunjuk Pine Script®
oleh cI8DH
8
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
Penunjuk Pine Script®
oleh Lij_MC
3
Market Facilitation Index (MFI) Strategy The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market Facilitation Index decreased, then the market is becoming less efficient, which may indicate a trading range is developing that may be a trend reversal. WARNING: - This script to change bars colors.
Penunjuk Pine Script®
oleh HPotter