Momentum Oscillator Concept for this leading indicator presented in IFTA by By M.Fawzy.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities , V.18:7 (July, 2000): "Optimal Detrending"). Mr. Ehlers applied the ideas of the radar systems for the financial time series detrending. Mr. Ehlers constructed the Triple Delay-Line Canceller first, then smoothed it with the Modified Optimum Elliptic Filter with minimal lag. The...
An indicator which attempts to assert the probability of the trend based on a given Sample Size and Look-Back Confirmation Size. The green dots indicate the probability given to price. The orange dots indicate the probability given to volume. The aqua line is a weighted average between them. The Sample Size is the number of candles to include in the entire...
This Script is used for scalping on the 15 min. It can do the other time frames but i built it for primarily the 15. There is some logic where i use the previous candles and i'm using intervals of 4 to get 1 hour estimates. This also works with the 1 hour, because the 4 hour is what it will compare with. It uses Buy volume and sell volume to create the...
Momentum Indicator with MACD Signal & Base Line MACD Histogram Indicator is good , but what if you can use momentum as improving it ? Well Using Price Momentum and the MaCD we can achieve a better action price strategy. Based upon @LazyBear and @ChrisMoody indcators respectively.
In essence this Renko trading system is the following: 1. Momentum based entries 2. Trend trading system (small losses, big wins) 3. As well as a trend continuation system ------------------------------ !IMPORTANT! ------------------------------ - You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger. If you...
Every developer must create his own Relative Strength Index with midline and other features). In addition to the midline, highlighting and levels customization I give you ability to play with non-standard sources like On Balance Volume. If someone doesn't know what is this: This indicator was originally developed by J. Welles Wilder and was described in his book...
Using the RSI crossing over the 50 mark. Longs only above the 50SMA and shorts only below the 50SMA.
Using the RSI crossing over the 50 mark. Longs only above the 50SMA and shorts only below the 50SMA.
Just another Elliott Oscillator, this time with momentum bands
The DecisionPoint Price Momentum Oscillator ( PMO ) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the...
Willams %R with EMA and Divergences
Momentum based indicator various signals for various parameters bull/bear divergence will be seen as the dots with blue being bearish and yellow being bullish the red X and green + are top and bottom signals per TGX white flag appears respectably on top and bottom when all parameters are met bullshly or bearishly Watch for TGX to reset while it rest...
This is my version of Stochastic RSI, but not the stochastic RSI alone, hell no, it's a lagging indicator, I don't like lagging indicators. This is a leading indicator that has momentum calculations in it and not only that, it has a momentum shifting calculation based on modified ehler's transformation ! Simple for user, a hell to program ! Price and how to get...
I was wondering how Jurik's Velocity works and after some time I created a little bit different Velocity. What is this? Everybody heard about the momentum indicator. The classic momentum shows the difference between the current price and the price N periods ago. How far in the past the comparison is made is up to the trader. When the indicator reaches...
GTO is a easy to understand and use script it just uses candle closes and other variables to gauge momentum that is then plotted on top of the chart teal = bullish salmon = bearish you want them plotting while in your desired trade, if you are long and bearishness starts showing may be good toexit vise versa Red X is BULL fatigue or can other wise be seen as...