Adaptive Fisherized ROCIntroduction
Hello community, here I applied the Inverse Fisher Transform, Ehlers dominant cycle determination and smoothing methods on a simple Rate of Change (ROC) indicator
You have a lot of options to adjust the indicator.
Usage
The rate of change is most often used to measure the change in a security's price over time.
That's why it is a momentum indicator.
When it is positive, prices are accelerating upward; when negative, downward.
It is useable on every timeframe and could be a potential filter for you your trading system.
IMO it could help you to confirm entries or find exits (e.g. you have a long open, roc goes negative, you exit).
If you use a trend-following strategy, you could maybe look out for red zones in an in uptrend or green zones in a downtrend to confirm your entry on a pullback.
Signals
ROC above 0 => confirms bullish trend
ROC below 0 => confirms bearish trend
ROC hovers near 0 => price is consolidating
Enjoy! 🚀
Momentumindicator
Crypto-DX Crypto Directional Index [chhslai]Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.
How this indicator works :
If the Crypto-DX cross above the zero-level, it could be an indication that there is a trend reversal into upward. You should close your short position or place a long order right away.
If the Crypto-DX cross below the zero-level, it could be an indication that there is a trend reversal into downward. You should close your long position or place a short order right away.
If the Crypto-DX is consolidated around the zero-level, it could be an indication that the trend may be ended and followed by a sideway market. You are suggested not to place any order and wait for the market moves.
Divergence based trading strategy is fully applicable, just like the MACD.
Screener features :
Plot "Crypto Index" and "5 Custom Crypto"
Plot "Crypto Index" and "Top 30 Crypto"
Trend Surfers - Momentum + ADX + EMAThis script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.
Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)
Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA
Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move
Faytterro EstimatorWhat is Faytterro Estimator?
This indicator is an advanced moving average.
What it does?
This indicator is both a moving average and at the same time, it predicts the future values that the price may take based on the values it has taken before.
How it does it?
takes the weighted average of data of the selected length (reducing the weight from the middle to the ends). then draws a parabola through the last three values, creating a predicted line.
How to use it?
it is simple to use. You can use it both as a regression to review past prices, and to predict the future value of a price. uptrends are in green and downtrends are in red. color change indicates a possible trend change.
Trend Friendly RSITrend Friendly RSI
Unlike the standard RSI, "Trend Friendly RSI" adapts to the trend. RSI and other momentum-based oscillators cannot give a buy signal in uptrends and a sell signal in downtrends because they do not take into account the momentum of the trend and behave as if the price is in a constant sideways trend. "Trend Friendly RSI", on the other hand, takes into account the momentum of the trend of your chosen length and subtracts it from the current momentum, thus giving more realistic buy and sell signals.
use it to identify your long-term investments and trading entry points for hodl. It would be wise to use this indicator for assets that you have done fundamental analysis and are sure of the trend direction. it doesn't know what the price will do, it just shows the points that are suitable for you.
remember this indicator will fail in horizontal trends.
On Balance Volume DeviationThe objective of this indicator is to be a leading indicator that can detect a large price change before it happens. It is based on the On Balance Volume (OBV) indicator, which is a leading indicator based on the premise that a large change in volume often precedes a large price change. This indicator charts the N-Period deviation of the OBV data and displays it as a histogram. This is overlayed on an area chart of the M-Period SMA of the histogram data. This combination helps to visually enhance the pattern that signifies that a jump in price is about to happen.
Useage:
When the histogram bars are above the area plot, then a jump in price is about to happen
As with all leading indicators, there are a lot of false signals. Confirm with price action or another indicator
The further the histogram bars are above the area plot, the larger the predicted jump in price
It seems to work better on shorter intraday timeframes than on the longer timeframes
At the close of a market session, it is a good indicator of how much the price will jump on the opening of the next market session.
Neo's %KIn my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
Momentum Scalping & Swing Signals With AlertsThis Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction.
To get an easier to read momentum indicator, I smoothed the momentum out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends.
***HOW TO USE***
Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average.
Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average.
***DETAILS***
This indicator gives early reversal signals very well and waiting for the momentum ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise.
The ribbon and background will change to green or red depending on whether it is currently bullish or bearish.
There is also a label that changes colors and tells you if momentum is bullish or bearish and also whether the momentum ribbon is above or below the long moving average.
Green or red circles will appear on the indicator when there is a bullish or bearish cross of the momentum ribbon and the long moving average.
It includes alerts that trigger when momentum is turning bullish/bearish or when the momentum ribbon is crossing the long moving average.
***CUSTOMIZATION***
Each piece of this indicator can be customized to suit your preferences including the momentum source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This Momentum Scalping & Swing Signals indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and RSI Scalper in combination with this momentum indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Accelerating Dual Momentum ScoreThis is a score metric used by the Accelerating Dual Momentum strategy.
According to the website you referenced when you created, the strategy is as follows:
Strategy Rules
This strategy allocates 100% of of the portfolio to one asset each month.
1. On the last trading day of each month, calculate the “momentum score” for the S&P 500 ( SPY ) and the international small cap equities (SCZ). The momentum score is the average of the 1, 3, and 6-month total return for each asset.
2. If the momentum score of SCZ > SPY and is greater than 0, invest in SCZ.
3. If the momentum score of SPY > SCZ and is greater than 0, invest in SPY .
4. If neither momentum score is greater than 0, calculate the 1-month total return for long-term US Treasuries ( TLT ) and US TIPS (TIP). Invest in whichever has the higher return.
Source: portfoliodb.co
Momentum Percentage %A Percentage Momentum Indicator (oscillator) is a technical indicator which shows the trend direction and measures the pace of the price fluctuation by comparing current and past values. Normalized to be bounded to oscillate between 0 and 100 percent of recent price variation. As is, it average true range of an instrument can be easily compared to any other because of absolute percentage variation and not prices itselves.
The benefits of Percentage Momentum
It indicates volatility
It ideal to compare fluctuation and volatility between other assets
In assets that changes btw a large range of prices like crypto it's the best way to work with momentum.
It's the right way to work with algotrading.
Frog in Pan IndicatorWhat is it?
This indicator is the percent of negative days minus the percent of positive days in a year multiplied by the sign of the overall return of the lookback (365 days for crypto and 252 days for stocks).
FIP = sign(return of lookback) *
What is it used for?
This indicator is used as a quality screener for momentum stocks. It is based behind the ideas in Wesley Gray & Jack Vogel's book: Quantitative Momentum: A Practitioner's Guide to Building a Momentum-Based Stock Selection System that iterates that quality momentum stocks consist of steady uptrends (where more days are positive rather than negative) as opposed to characteristics of "lottery-like" stocks that are "jumpy" and more volatile. More research behind this indicator can be found here
How to use
In the indicator settings, the default lookback parameter is set to 365 days for analysis on cryptocurrencies and was used on a daily timeframe. If you want to use this indicator on individual stocks, it is best to change this lookback to 252 days. The more negative the value is, the higher quality of momentum it is.
Mobo BandsThis indicator is the Mobo Bands (Momentum Breakout Bands). These bands are bollinger bands that have an adjusted standard deviation. There are Buy signals when it has momentum breakouts above the bands for moves to the upside and Sell signals when it has momentum breakouts below the bands for moves to the downside. The bands simply suggest that all markets have periods of chop which we all know to be true. While the price is inside the bands it is said to be trendless. Once the breakouts happen you can take trades in the breakout direction. I like to use these to swing trade options on the hourly timeframe but the bands should work on most instruments and timeframes. I like to use it to take swings on SPY on the 1 hour chart for entries and use the Daily chart for trend confirmation.
Momentum With Bullish & Bearish LabelMOMENTUM WITH BULLISH AND BEARISH SIGNALS
This is a momentum oscillator that paints red or green depending on whether Momentum is above or below the zero line. It includes a label on the right hand side that will reflect the bullish or bearish direction of the current momentum by changing colors to red or green and text telling you Bullish or Bearish.
***HOW TO USE***
When Momentum is above zero, it is bullish. When Momentum is below zero it is bearish.
A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend.
When momentum is above the zero line(Bullish) but trending downward, a second label will show up in purple to notify you of a change in momentum direction.
When momentum is below the zero line(Bearish) but trending upward, a second label will show up in purple to notify you of a change in momentum direction.
This indicator was built to help you quickly identify the Bullish or Bearish nature of the current Momentum using colors as well as a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This momentum indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this Momentum Oscillator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
+ Rate of ChangeNOTE!* If you were using my previous + Rate of Change (and OBV) indicator, I will not be updating that. OBV was moved to my + Breadth & Volume indicator.
This indicator here is basically and updated version of the old indicator, without OBV.
The Rate of Change, or RoC, is a momentum indicator that measures the percentage change in price between the current period and the price n periods ago.
It oscillates above and below a zeroline, basically showing positive or negative momentum.
I applied the OBV's calculation to it, but without the inclusion of volume (also added a lookback period) to see what would happen. I rather liked the result.
I call this the "Cumulative Rate of Change." I only recently realized that this is actually just the OBV without volume, however the OBV does not have a lookback period, and this indicator does.
Doing some more fiddling, I realized that removing both the signum and the volume from the calculation gets you basically a price chart, but calculated as the change in price over n periods. I'm leaving this in because maybe someone discovers they really like having a line chart with moving averages or some other indicator on it to leave their main chart indicator free (giving a more clear look at price action). Can't hurt, right?
Default lookback is set to 1, but play with longer settings (especially if using the traditional RoC, which is by default in TV set to 10, and is nigh on useless at 1--I like 13).
Default source is set to each candle close, but give ohlc4 a look. It smooths out the indicator a bit, and because it's an average of the open, high, low, and close it should give a better idea of what price in general is doing.
Moving averages, Bollinger Bands, Donchian Channels, candle coloring and alerts are my usual additions.
Below are some comparison images of the different indicators wrapped up in here.
Comparison of Cumulative Rate of Change with two different sources. Lookback set to 1.
Cumulative Rate of Change as a price chart, essentially.
And, lastly, the traditional Rate of Change indicator.
Natural Market River [CC]The Natural Market River was created by Jim Sloman (Ocean Theory pgs 59-62) and this is another momentum indicator that is extremely similar to the previous indicator I published, the Natural Market Mirror . This has almost identical buy and sell signals but different way to handle calculations so I'm going to leave it up to you which one you will prefer. Since this is almost identical, the buy and sell signals work in the same way with both strong signals and normal ones. Buy when the line turns green and sell when it turns red.
Let me know what other indicators you would like to see me publish!
Natural Market Mirror [CC]The Natural Market Mirror was created by Jim Sloman (Ocean Theory pgs 49-57) and this is a continuation of my series from Jim Sloman's indicators. This indicator is also a momentum indicator and is very similar to the previous indicator I published, the Ocean Indicator and of course this indicator is built using ideas from the Ocean indicator. It may just be my opinion but I feel like this indicator provides better buy and sell signals in comparison. I built this using strong buy and sell indicators in addition to normal ones so darker colors are the strong signals and lighter colors are the normal signals. Buy when the line turns green and sell when it turns red.
Let me know what other indicators you would like me to publish!
Ocean Indicator [CC]The Ocean Indicator was created by Jim Sloman (Ocean Theory pgs 39-47). Sadly he passed away a few years ago so it is extremely hard to find his code or more information about his trading system other than through his books so I did my best to replicate all of his work and I will be publishing his indicators over the next few weeks. Big thanks to @altcoinz for giving me all of the information I needed to replicate his work. Since this is his basic foundation for everything else he has done, I will be publishing it first. I had to change things a bit to provide clear buy and sell signals so let me know your thoughts.
This is essentially his version of a momentum indicator and the basics of it are to buy when momentum is increasing and sell when it is decreasing. I have included strong buy and sell signals in addition to normal ones and darker colors are for strong signals and lighter colors are for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Compare Price Momentum Oscillator [CC]The Compare Price Momentum Oscillator was created by Vitali Apirine (Stocks and Commodities Aug 2020 pg 16) and this is a handy indicator to compare the momentum of the current symbol you are looking at to the s&p to determine the relative strength of the underlying security. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
+ True RSIThis is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator.
Much credit goes to him. Below is the indicator that he coded, of which only one part have I made additions to.
So, he calls this the True RSI. I was using it as part of the USI, which I posted above (it's the MA Percent indicator type). To my eyes it's not far different from the standard RSI, so I probably could have just made a version of that, but I like this one, and I was excited to add a few things (like candle coloring, which no longer works with his version!).
So, what's different?
I added two different background fills.
I made the lines types for the extremities and midline more appropriate for the indicator.
I added bullish, bearish, overbought, and oversold candle coloring.
I added a multitude of moving averages as well.
If this looks like my '+ %B' indicator, that is because I basically just moved the MA's and candle coloring code over. One could probably do this with many different indicators.
In the future I will probably add alerts, and maybe MA cross candles as well. Or not. Well, almost certainly alerts. Please enjoy!
Smooth First Derivative IndicatorIntroducing the Smooth First Derivative indicator. For each time step, the script numerically differentiates the price data using prior datapoints from the look-back window. The resulting time derivative (the rate of price change over time) is presented as a centered oscillator.
A first derivative is a versatile tool used in functional data analysis. When applied to price data, it can be applied to analyze momentum, confirm trend direction, and identify pivot points.
Model Description:
The model assumes that, within the look-back window, price data can be well approximated by a smooth differentiable function. The first derivative can then be computed numerically using a noise-robust one-sided differentiator. The current version of the script employs smooth differentiators developed by P. Holoborodko (www.holoborodko.com). Note that the Indicator should not be confused with Constance Brown's Derivative Oscillator.
Input parameter:
The Bandwidth parameter sets the number of points in the moving look-back window and thus determines the smoothness of the first derivative curve. Note that a smoother Indicator shows a greater lag.
Interpretation:
When using this Indicator, one should recall that the first derivative can simply be interpreted as the slope of the curve:
- The maximum (minimum) in the Indicator corresponds to the point at which the market experiences the maximum upward (downward) slope, i.e., the inflection point. The steeper the slope, the greater the Indicator value.
- The positive-to-negative zero-crossing in the Indicator suggests that the market has formed a local maximum (potential start of a downtrend or a period of consolidation). Likewise, a zero-crossing from negative to positive is a potential bullish signal.
[blackcat] L2 Momentum Line Convergence Divergence (MLCD)Level: 2
Background
Momentum indicators are technical analysis tools that can be used to determine the strength or weakness of the stock price. Momentum measures the speed at which stock prices rise or fall. Common momentum indicators are the relative strength index (RSI) and the moving average of convergence divergence (MACD).
Function
L2 Momentum Line Convergence Divergence (MLCD) is one of my innovative indicator which is to differeniate with average of convergence divergence (MACD). So, I named it as Momentum Line Convergence Divergence (MLCD). In order for everyone to be more familiar with its useage, I inherited the traditional MACD expression method, and added golden cross (yellow cross) and dead cross (fuchsia cross) prompts, as well as bottom divergence (lime cross) and top divergence (red cross) prompts.
Key Signal
mtm --> momentum fast line
mtmaux --> momentum slow line
mtmgx --> momentum gold cross in yellow
mtmdx --> momentum dead cross in fuchsia
mtmbotdiverg --> momentum bottom divergence alert in lime cross
mtmtopdiverg --> momentum top divergence alert in red cross
Pros and Cons
Pros:
1. very stable for market price change and trend following
2. visual bottom and top divergence alerts are provided
Cons:
To be found yet
Remarks
Blackcat1402 brand MLCD indicator
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
M-OscillatorM-Oscillator developed By Mohamed Fawzy, MFTA, CFTe
as Written in IFTA Journal 2018 Edition
more info : ifta.org
Interpretation
• M-Oscillator is a bounded oscillator that moves between (-14) and (+14),
• Movement above 10 is considered overbought, and movement below -10 is oversold.
Overbought/Oversold rule:
• Buy when the M-Oscillator violates the (-10) level to the downside and crosses back to the upside.
• Sell when the M-Oscillator crosses above the (+10) level and crosses back to the downside.
Crossover on Extreme Levels
• Sell signals are triggered when the M-Oscillator crosses its signal line above (13), which indicates an extreme market condition
• Buy signals are triggered when the M-Oscillator crosses its signal line below (- 13)
Double Smoothed Relative Strength IndexThe Double Smoothed RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator and his Momenta RSI formula. I have color coded everything to make it very easy to determine buy and sell signals.
Let me know if you would like to see me write scripts for other indicators!
