MFIww MFI/RSI_v2[wozdux]A new version of the indicator Mfi_v2. Added new control parameters.
tt - the averaging period of the volume.
Len - the period for calculating the MPI.
nn-averaging period MFI (blue line). level-critical levels from below and above (black horizontal lines).
Level 0 or 50 - switch between different histogram views with the middle at either level 50 or level 0.
key level-key to remove black critical levels.
key ema (MFI, nn) - key to remove mfi averaging (blue line).
key color-key to remove histogram coloring.
key colomns a-line - key switching modes represent the mfi histrogram or line.
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Новая версия индикатора MFIww_v2. Добавлены новые управляющие параметры.
tt- период усреднения объема.
Len - период вычисления MFI.
nn- период усреднения MFI (голубая линия).
level- критические уровни снизу и сверху (черные горизонтальные линии).
Level 0 or 50 - переключение между разными представлениями гистрограммы с серединой либо на уровне 50 , либо на уровне 0.
key level- ключ убрать черные критические уровни.
key ema(mfi,nn) - ключ убрать усреднение mfi (голубая линия).
key color- ключ убрать расцветку гистрограммы.
key colomns-line - ключ переключения режимов представления mfi гистрограммой или линией.
MFI
MFIww2 MFI/RSI [wozdux]Bill Williams indicator (MFI).
The indicator calculates the range of oscillations per unit volume. In fact, this indicator shows the tick volume or the readiness of the market to move the price.
The indicator is presented as vertical columns or as a line with levels.
Vertical columns are painted in different colors depending on the displacement of the indicator and the displacement of the volume. The indicator can increase or decrease (+-). The volume can also increase or decrease (+-). The combination of these factors generates four types of indicator columns.
++ lime
+- dark green
-+ red
-- orange
The red bar on Williams is a squat bar. This bar is important for market reversal indication.
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Индикатор Билла Вильямса (MFI).
Индикатор вычисляет диапазон колебаний на единицу объема. Фактически этот индикатор показывает тиковый объем или готовность рынка переместить цену.
Индикатор представлен в виде вертикальных колонок или в виде линии с уровнями.
Вертикальные колонки раскрашены в различные цвета в зависимости от смещения индикатора и смещения объема. Индикатор может увеличиваться или уменьшаться (+-). Объем также может увеличиваться или уменьшаться (+-). Сочетание этих факторо порождает четыре вида столбиков индикатора.
++ салатный
+- темно-зеленый
-+ красный
-- оранжевый
Красный столбик по Вильямсу есть приседающий бар. Этот бар важен для индикации разворота рынка.
RSI Divergence UltimateHere it is Everyone - What was once hidden is now revealed
This is the Ultimate RSI Divergence Indicator
Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when trading Multiple Time Frames as you can look for confluence in the direction of RSI
Included options for the Signal Line include;
Various calculations EMA, SMA and Linear Regression which provides very accurate signal line crossover signals
Color Changing with direction
Second RSI with different Length
Multi Time Frame RSI
Bollinger Bands applied to the RSI
RSI Stochastic that has been compressed to fit into RSI OB / OS so that it doesnt compress the RSI when in these regions
There are also Background Highlights (thanks to Chris Moody) for when the RSI Stochastic moves into OB / OS and crosses its signal line
There are plenty of Alerts for signals with more complex alerts coming soon
I have also added Hima Reddy's Power Zones for support and resistance so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance and much more
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
RSI + STOCHRSI - combinedRSI + Stoch RSI combined script
Very usable for free accounts with indicator limits.
Use 2 indicators as 1
Triple Oscillator Combo(RSI,StochRSI,MFI) IlluminatedThis oscillator basically is three in one oscillator with every overbought/oversold condition on different levels being illuminated/highlighted in the oscillator background for ease of spotting potential trade opportunity .
Oscillators involved :-
1. RSI (Relative Strength Index)
2. StochRSI (Stocahstic Relative Strength Index)
3. MFI (Money Flow Index)
Tip :
a. While spotting bullish/bearish divergences, RSI is recommended more than MFI .
b. While spotting oversold/overbought conditions, MFI is recommended more than RSI (that is why MFI oversold/overbought conditions are
highlighted much brighter than that of RSI in the oscillator background).
c. Always use Stoch RSI with other indicators and never as a stand alone/independent (use Stoch RSI as grain of a salt) as it just helps you position
your entry exit better .
> You can always change configuration in setting/format as per your own requirement.
LeoA451: Osc Confluence v.02 (RSI=black(5);MFI=green(9))This script includes 3 indicators:
- RSI Length 5
- MFI Length 9
- SRSI Length 9
RSI / Stoch / SRSI / MFI / Aroon Overlay [SigmaDraconis]Combines 4 popular indicators (RSI, Stoch, SRSI, MFI) and 1 peculiar one (Aroon) in 1 for those who want to save indicators but not only.
This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts.
Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI), as well as a middle 50 horizontal line.
Neutral bands around 55-45 added as well that can be hidden for less clutter. I also recommend a more transparent coloring for these since Pine script doesn't allow default transparency for horizontal lines.
By default only RSI and Stoch are activated, you can activate Aroon, MFI and SRSI on the inputs window.
Some extra notes:
* RSI, Stoch and MFI can help to strengthen one's decision as well as Aroon to predict a possible trend reversal, SRSI can show when RSI has high probability of being topped or bottomed when oversold/overbought but don't forget to look at volume and how the trend progresses that can keep SRSI above 80 or below 20 while RSI and price continues to trend, divergences are most helpful here to find possible reversal areas.
* This chart depicts some interesting divergences, as well as Stoch tops and bottoms and confluences between RSI/MFI and Stoch on some over-extended tops and bottoms that shown being good reversal zones.
RSI resistances are shown as well, failing to break above 60 or the neutral zone (this is a bearish BTC trend chart after all) or failing to gain support to break up certain levels (RSI notes a more bullish trend when consistently above 60 and more bearish below 40).
If you like it and use it to profit, please tip me below :)
Tip jars:
BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis
MFI+MFI+ is a MFI study enhanced with a linear regression moving average.
Default Settings:
MFI: 13
Linear Regression of MFI: 34
Activate Vertical Bar Highlights and/or Signal Flags for:
- MFI Oversold/Overbought. (Default: Highlight Bar)
- MFI Extended Oversold/Overbought. (Default: Highlight Bar)
- MFI crossing its Linear Regression. (Default: Signal Flag)
Users can also do extra tuning in Style Section of Format options.
To user this indicator we need to observe the market's behaviour and identify which settings are fit for the timeframe and type market you trading.
Recommended suggested settings
RSI: 13/14
Linear Regression of RSI: 34/21
The market behaves differently when the pacing changes, volatility change and, when it trends or when it ranges. Develop an understanding of it with the help of this study.
Avoid risking more than 1% per trade. Be responsible for always making a priority about protecting capital and managing risk.
ML - VOLUME 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.
VOLUME Super Divergence
A variant of .
All Osclillators have been swapped with Volume based Oscillators.
Log MFI - Money Flow Index The main concept was to make a bound oscillator calculate with a formula that places emphasis on the mean averages. Ideally this would mean that the oscillator won't have a tendency to swing into overbought/oversold condition and cause whipsaw. Using log is a way to increase the signal to noise ratio, with the regular MFI still plotted.
This indicator is best used in confluence with price action swings, where volume would normally be the highest.
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.
Gunbot Deluxe Tuners BE [Alerts]Revision 18
Gunbot Deluxe Tuners BE Alerts is part of the official Gunthy version of Gunbot Deluxe Tuners.
It is the companion Alerts script for the Gunbot Deluxe Tuners BE (Black Edition) backtesting and optimizing script.
This Alerts script allows user to automatically send alerts directly to Gunbot through the Gunbot TradingView addon.
Available only to verified Gunbot owners. No exceptions. Anyone interested in obtaining this script must contact either their official Gunbot reseller or me privately.
No public requests or donations for access to this script will be granted. No exceptions.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and neither I or Gunthy are responsible for any financial losses you may incur by using this script!
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.
RSI or MFI %BPlot where RSI or MFI is in its Bollinger Bands . Can be used in many different way: as a trend indicator (above below 0.5), part of a trend following strategy when crossing above 0 (resume bullish trend ) or crossing below 1 (resume bearish trend ), also useful for divergences, etc...
MACD/RSI/MFI with AlertsThis indicator allows you to trade RSI and MFI oversold and overbought zones with MACD confirmation. It is also possible to take an early trade by checking the " delta " (difference between the fast MACD line and the signal line) (histogram) value of the MACD.
Buy Condition
Both RSI and MFI must be in the oversold area
After that, wait for a MACD crossover
Note: At the time of MACD crossover, RSI and MFI might not still be in the oversold area. The indicator knows that they were both in the oversold area, and then waits for a MACD crossover to happen to confirm an uptrend.
Sell Condition
Both RSI and MFI must be in the overbought area
After that, wait for a MACD cross-under
Note: At the time of MACD cross-under, RSI and MFI might not still be in the overbought area. The indicator knows that they were both in the overbought area, and then waits for a MACD cross-under to happen to confirm a downtrend.
Inputs
MFI Length: Length of the Money Flow Index
RSI Length: Length of the RSI
MACD Length: Length of the MACD
MACD Fast Length: Fast Length of the MACD
MACD Slow Length: Slow Length of the MACD
RSI Overbought: Overbought boundary of the RSI
RSI Oversold: Oversold boundary of the RSI
MFI Overbought: Overbought boundary of the MFI
MFI Oversold: Oversold boundary of the MFI
Use delta to trade early?: Use this if you want to take a trade early by checking the MACD histogram
Delta: Absolute value of the MACD histogram. Whenever the "MACD Histogram" is less than the given "delta", a trade will be triggered if possible
Feel free to ask any questions you have.
Please report any bugs you found, with a screenshot of the chart. You can leave a comment or send me a DM.
MFI/RSI with Volatility Bands [LazyBear (edited)]Edited version of the script by LazyBear.
Update of my previous script.
Features:
- plot both MFI and/or RSI (LazyBear only allows one of both)
- plot RSI/MFI band (over sold - mid - over bought) + indicator lines
MFI/RSI with Volatility Bands [LazyBear (edited)]Edited version of the script by LazyBear.
Update of my previous script.
Features:
- plot both MFI and/or RSI (LazyBear only allows one of both)
- plot an indicator band (over sold - mid - over bought)
Accumulation/Distribution Volume (ADV) [cI8DH]This is the simplified and optimized version of my original ADV indicator. It shows both regular volume bars and the accumulated/distributed (A/D) portion of them. The equation is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other indicators, ADL, ADP and ADMF.
- The volume bars has two shades of green and red. The dark shade shows amount of A/D and the light shade shows total volume (what you see on a regular volume indicator).
When money volume is enabled, volume is multiplied by price. As you can see in the chart below, trade volume in terms of USD was growing over the past years.
- Blue line is the moving average of A/D and the orange line is for total volume. When "Baseline Chart" option is enabled, this moving average is identical to ADMF indicator which can be a powerful indicator for assessing buy/sell pressure as well as money flow and volume divergences. You can turn off volume bars (from style menu) for better visibility or you can use the below indicators.
Please note that ADMF is now available as a part of ADP indicator as well and I recommend using the latter since ADP can also replace CMF and MFI indicators.
- If you change the aggregation to cumulative (while having money volume disabled), the gray line becomes identical to On Balance Volume (OBV) and the blue line identical to my ADL indicator. The latter I would argue is more accurate than Chaikin's ADL, William's A/D and OBV.
Accumulation/Distribution VolumeThis is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV).
When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the light shade shows total volume (what you see on a regular volume indicator). Blue line is the moving average (or cumulative total) of A/D and the gray line is for total volume.
When money volume is enabled, volume it multiplied by price. As you can see in the chart below, trade volume in terms of USD was declining after ATH. This is not the case in regular volume chart which shows instrument volume (chart above).
In Baseline view, the aggregation method you choose can turn it into different indicators. With EMA/SMA aggregation, blue and gray line shows buy/sell pressure. At 0, there is not buy or sell pressure.
If you turn off volume bars (from style menu), it gives you a reliable indicator to measure divergence. This should be more reliable than most other range-bound indicators (i.e. RSI, MFI, CMF). I will publish a TA about correctly measuring divergence (it's a must read even if you are a pro trader). Make sure that the length is set to a large number on smaller TFs such as 4h.
For following results, set aggregation to cumulative and turn off money volume:
When wick weight=0, the GRAY line is identical to OBV indicator.
When normalized by spread and wick weight=10, the BLUE line is identical to ADL (improved by true range).
When normalized by previous bar price, wick weight=0, the BLUE line is identical to PVT.
How I use this indicator:
- Baseline chart, replaced my regular volume indicator
- Mostly 4h TF for divergence
- EMA aggregation (and occasional cumulative aggregation) with length above 50. I change the length to 100 and 200 for confirmation.
- Wick weight=0 or max 2.
With this indicator, you can learn how different indicators are built and how they are different from each other. I will publish a TA to explain more about different indicators and their pros and cons.
I will publish this indicator without volume bars and additional options to make it range bound.
Iceberg's Pivot Points Index (Alpha Version)For a friend,
This is still a vvork in progress as this script is an ALPHA version, so I could recomend you not rely on this to build strong signals, if you experiment it, it is at your ovvn risks. It is very unfinished and doesn't give all the signals I'm looking for so far. I'm still trying to catch a proper coding stuff that vvould rock the vvoods.
So basically vvhen all three oscillators peak, short it, and vvhen all three dip, long it. Of course, base your entries on the price actions and don't jump IN blindly as cryptokiddies anyvvhere. This chart is XBT but this indicator may be useful for forex; stocks and commodities asvvell.
I have lots of vvork and experiment to do on that one but this is better used on a 1hr tf and a 12 (or 6) length RSI, so far. Again, don't rely on this, I suggest you to test it in demo if you're interested, I'm using vvhaleclub for fevv months novv, they got a beautiful interface vvith so much ease of use. Here is a referral link if you need it: whaleclub.co
I'm on it, tell me vvhat's your feelings!
