DMISE ResonanceAn attempt to make a timeframe-resonating version of DMI Stochastic Extreme () using @alexgrovers Peak/Valley Estimation script () with Lazybear's MFI/RSI enclosed bollinger bands ()
Money Flow Index (MFI)
SpiralSwinger ETHThis is the same swinger script based on multi-exchange algo of Godmode oscillator i made for BTC trading only. It's custom tweaked to be used for trading ETH/USD pair and ETH perpetual swaps on Bitmex. It doesn't work correctly on ETH/BTC pairs. Same rules apply for entry: after signal you enter position with half of the risk to be sure you are in a trade, then wait for pullback to average entry with other half of the risk. SL should be set to longest wick before signal. Trade should be managed on the same TF you received signal - take profit points and stop loss trailing are taken from current TF. In case you receive same signal for a same price region on higher TF but you are already in a position then switch managing of the trade to higher TF. Example: you recieved a short on 4H, then after a couple of hours you get another short but this time on 8H - switch to 8H chart and manage take profits and SL according to 8H. Best TF for using it is 4H, 6H, 8H, 12H. More documentation and FAQ to be shared later.
RSIMFIThis is for education purpose.
Script provides signal if MFI and RSI reachs to oversold or overbought condition.
Apart from xSuperTrend script, this script works fine on consolidating marked and gives false signal on strong trends.
MFI(14), RSI(3)
Minimal Godmode 1.0// Acknowledgements:
// Original Godmode Authors:
// @Legion, @LazyBear, @Ni6HTH4wK, @xSilas
// Drop a line if you use or modify this code.
// Godmode 3.1.4: @SNOW_CITY
// Godmode 3.2: @sco77m4r7in and @oh92
// Godmode3.2+LSMA: @scilentor
// Godmode 4.0.0-4.0.1: @chrysopoetics
// Jurik Moving Average: @everget
// Minimal Godmode v1.0:
// Removed BITSTAMP:BTCUSD, added presets for 9-26-13 and 17-6-4, added more exchanges + USDT and USDC pairs to multi-exchange option
// JMA smoothing - more responsive + less lag than SMA at equivalent length settings
// Minor cosmetic changes to account for pinescript 3 transparency and z-order
Short Premium Average (@BTC_JackSparrow)Used to calculate average premium on shorts.
Choose index and contract tickers & you are good to go.
Analyze for each asset what PA premium on a certain side leads to.
Use this to get an understanding for HTF bias.
Improved Volume Bars IVB"IVB" is an attempt to improve volume analyze using classical volume bars , focusing on market cycle phase recognition and noticing cycle onset/peak points
V.01
Momentum Exhaustion + Swing Points ComboCombination of @Zeenobit's Swing Points and Momentum Exhaustion indicators; RSX instead of RSI from @jaggedsoft/@everget's RSX Divergences script(s).
SpiralSwinger V1.0After 2 months of work i finally managed to complete a usable version of godmode-based signal indicator for BTC trading only - SpiralSwinger is dedicated for longer term trades as it works better on Hourly Timeframes. No repainting observed after candle close. All numerical settings are customized after fine tuning by me and are locked by purpose since i believe there are so many of variables that giving access to them will most probably spoil the algo.
It includes:
1. 3 categories of signals based on their possibility to work out and RR outcome - Safe, regular and risky entries.
2. Shows regular divergences between the last 60 candles.
3. Shows overbought/oversold levels by the means of 4color-coding scheme wich is handy for quick evaluating of buyer's/seller's strength.
4. Shows longterm godmode trend sentiment as color "snowflake" chars above candles.
5. Shows ADX-ATR based stop loss line which acts as a first take profit point when price crosses it.
6. Shows ATR based second take profit line which.
7. Shows signals for additional profit taking when price is observed to behave anomalous.
8. Alerts included: Long, Short, Set SL in Profit, Possible Signal Prediction warning, Take Profit
There are quite many aspects of using this indicator and will explain them later. For a time being it's access is restricted to a limited number of people i will invite to test it on a practice. When bugs will be found and removed, additional features added and all documentation written how to properly use it will start adding people. Thanks for patience and support.
Top 5 coins cummulated Upvol/Dnvol and Money FlowThis script reads price and volume information for the top 5 coins (on 9 exchanges, a total of 29 pairs), calculates the cummulative upvolume and downvolume according to the Money Flow (MFI) formula, and shows upvolume and downvolume separately on the chart as a green and a red line.
The coins used are BTC, ETH, LTC, XRP and EOS. They are the top 5 coins by daily volume, as of 24th of February 2019.
Because of the many security() calls needed, the script is VERY slow, so have lots of patience.
I find it useful as a broad crypto market indicator - for example to compare the current pump with the pumps in the past.
Can also calculate the aggregated Money Flow (MFI) if you check that option in the indicator's configuration. Make sure to wait for recalculation and rescale the chart afterwards - MFI has a value from 0 to 100 and you may need to zoom in.
TJ Money FlowTJ Money Flow, one of the most frequently used indicators by me.
This indicator is a modification of the CMF and it has great use and multiple interpretation possibilities.
I like treating it like the addition of StochRSI to RSI, just that TJ-MoneyFlow works like a "behind the scenes tool" of the volume indicator.
The first most important thing about it are the spikes. I like seeing a movement either up or down, confirming it with a spike in the TJ-MF.
The next sparkle about it is the modification of movements down and movements up.
When it moves down, it is in blue color, when it moves up it is in green color.
This lets me compare the candle direction to the Money Flow direction.
Bigger clouds of the same color indicate strength in the direction.
One more step that I like using the TJ-MoneyFlow for is for divergences. Either divergences on a cloud itself, regardless from its color.
Or divergences over two separate clouds. The idea is, if there is a significant trend, then it should be confirmed by the MoneyFlow.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
Cheers, TJ
3 Oscillator (RSI + Stochastics + MFI) with over bought/soldThis is a combined oscillator indicator which includes:
Relative Strength Index ( RSI )
Money Flow Index ( MFI )
Stochastic or StochasticRSI
In addition there are some advanced features including:
Custom time frame (Have the indicator running 5 minute candles while on a 1 hour chart)
Highlight Overbought/Oversold (The intensity of highlight changes when it is 5% below the threshold to 5% above the threshold)
Moving average trend for highlights (This will prevent the threshold-5 highlight from showing in a uptrend to reduce false signals)
It is important to know that the highlight feature is not designed as a buy/sell signal, it is only there as and oversold/overbought indicator to suggest when a trend change may be approaching.
The highlights are dependent on all three oscillators being above or below their thresholds respectively, this is to provide confluence that the market is indeed oversold and not just a single indicator.
Super MFI&STOCH StrategyThe strategy speaks for itself. With it you would have shorted on bitmex with very low average and still be in profit.
Best on the 6hr, 3hr, 2hr, 1hr.
3 Sessions DividerAsia (Syndey + Tokio)
London
NY
Made for GMT-6 (Central US Time)
Sessions may Overlap.
RSI + STOCHRSI - combinedRSI + Stoch RSI combined script
Very usable for free accounts with indicator limits.
Use 2 indicators as 1
Chaikin Money Flow(CMF) strategy (lirshah)Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. Money Flow Volume (a concept also created by Marc Chaikin) is a metric used to measure the buying and selling pressure of a security for single period.
This strategy gives signals based on movement of CMF chart and has a good results on Xbtusd and Btcusd 30 minutes chart.
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
Stochastics RSI && Money FlowIndicator overlaying Stochastics RSI (two levels away from price) and Money Flow (volume based indicator).
The indicator will print a dot when the 80 border is crossed from above - indicating a sell signal.
The indicator will print a dot when the 20 border is crossed from below - indicating a buy signal.
The signals should be used in alignment with the trend of the stock, currency or crypto.
Please let me know in case you have questions, you need improvements or other custom indicators.
Thanks
Patrick
Ultimate Money Flow (UMF), Stoch, Multi Time Frame (MTF) [cI8DH]This indicator adds stochastic, multi time frame, signal line, histogram, and bar coloring options to my previous indicators. It can also replicate standard Money Flow Index ( MFI ), Chaikin's Accumulation/Distribution Line ( ADL ), On Balance Volume ( OBV ) and Price-Volume Trend ( PVT ). This indicator can be used for analyzing momentum, buy/sell pressure, overbought/oversold conditions, and trendiness/choppiness, as well as identifying swings (stoch). Chart below shows example multi-TF setup with bar coloring.
For analyzing price, I made a similar indicator based on Absolute and Relative Strength Indices, which you can find in the link below.
Equation
Here is part of the code used in the script: pastebin.com
Standard MFI, OBV, ADL and PVT
To validate the calculations, I stacked UMF on MFI, OBV, ADL, and PVT in the chart below (100% overlaps validate the calculations). It also shows how you can replicate these indicator if you'd like to use them, or if you want to make your own custom indicator by combining features from different indicators. I do not recommend MFI, ADL or OBV; read "why invent a new indicator" section below. (bear in mind that MFI scale is 0-100, while UMF scales is -100 to 100)
Money Flow based on "Balance of Power" (this is the default mode)
Balance of Power (BoP) equation is: (close - open) / (high - low)
In my opinion, BoP is the most accurate equation to measure the amount of volume accumulated or distributed. I used BoP in my previous open source indicators ADV , ADL , ADP and ADMF . I applied the "True Range" fix to BoP equation similar to what Twiggs did on CMF .
Aggregation Method
By changing aggregation methods, you can replicate my previous indicators which are also linked at the bottom of this page. Please read more about their applications in their respective pages.
aggregation method = Cumulative => ADL indicator: accumulation/distribution (price factoring should be turned off)
aggregation method = MA => ADMF indicator: accurate buy/sell pressure, momentum and divergence
aggregation method = MA Percent => ADP indicator: overbought/oversold conditions, buy/sell pressure, momentum and divergence, failure swings
Smoothing, signal line and histogram to detect trend and choppiness
You can apply additional smoothing to UMF. 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 UMF, it shows market is choppy. The worst case is when this criss-crossing coincides with UMF flattening near neutral line and histogram height is 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 not show in stoch mode.)
Stochastic
To enable stoch, change the stoch length to a number greater than 1 (default stoch length for the built-in stoch RSI 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 or cumulative aggregation methods. 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 UMF'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
- Uncheck "Factor Price" for Bitmex or any other exchange that shows volume in terms of money.
- UMF is a replacement to ADP , ADMF and ADL , so no more updates for the old indicators!
- Smooth MA length N = EMA length 2*N-1
- Combined tickers, e.g. (COINBASE:BTCUSD+BITSTAMP:BTCUSD+KRAKEN:XBTUSD)/3, can mitigate inconsistency issues between different exchanges (I recommend not mixing USD and USDT pairs together)
Why invent a new indicator
I have spent a great deal of time to find the best equation that represents accumulation/distribution. Each of the well-known methods have a major flaw.
- Winner-take-all problem
MFI, OBV and to some extent Williams AD assign accumulation or distribution based on the direction of change in price. They don't account for the amount of change. That means the indicator does not differentiate between a full candle and a doji candle.
- Extreme divergence problem
Chaikin tried to avoid winner-take-all problem. However, he ended up with a solution that, in my opinion, is even worse. A big flaw of Chaikin's indicators is that they can diverge too much from price. Most responsive indicators in this class, require at least two candles to diverge from price, but CMF/ADL can diverge in a single candle. Chaikin used the same component ( aka Chaikin's money flow multiplier) in both CMF and ADL. CMF 's flaws may not be as visible because it is a normalized oscillator. However, this common flaw is more evident in accum/dist indicator which keeps all past information in its memory. As you can see in the chart below, accum/dist is constantly rising during an obviously distribution period.
ADV (Volume)
ADP
ADMF
ADL
Please give a like, and share the interesting configurations you find in the comments.
