OVERVIEW The Consumption Oscillator combines Core Consumer Price Index (USCCPI) and Personal Consumption Expenditure (USPCEPI). It can be a useful tool for understanding inflationary and deflationary pressure in the economy. CONCEPTS Defining some thresholds may aid in interpreting the oscillator but interpretation needs context. Also, the thresholds may need...
What this Indicator Does This indicator helps the trader locate expansion and contraction areas in an easy visual way. When the asset moves from a contraction phase into an expansion phase, the bars change color (customizable). This allows the trader to recognize areas of contraction and avoid trading them. Once a Bar Range moves outside of the average range as...
Dr. Scott Cong's new adaptation of an adaptive moving average (AMA), featured in TASC March 2023. It adjusts its parameters automatically according to the volatility of market, tracking price closely in trending movement, staying flat in congestion areas. Perry Kaufman’s adaptive moving average, first described in his 1995 book Smarter Trading, is a great...
Why use the Flat Market and Low ADX Indicator ? Flat markets, where prices remain within a narrow range for an extended period, can be both critical and dangerous for traders. In a flat market, the price action becomes less predictable, and traders may struggle to find profitable trading opportunities. As a result, many traders may decide to take a break from...
Volatility is a crucial aspect of financial markets that is closely monitored by traders and investors alike. The traditional Average True Range (ATR) oscillator is a widely used technical indicator for measuring volatility in financial markets. However, there are limitations to the ATR oscillator, as it does not account for changing market conditions and may not...
Rekt Edge Reversion band is a technical indicator that utilizes a combination of moving averages and standard deviations to determine optimal entry and exit points in the market. By comparing the current price to its moving average, the indicator identifies potential trends and determines how you can position around them by plotting buy/sell signals and two...
Smart QQE - Chart Overlay Smart QQE shows QQE Trend and RSI plot on chart to determine the trend direction and eliminate false signals. QQE is obtained from original code by Glaz and rescaled to fit on chart. RSI 50 level acts as Zero which is plotted as a Bollinger on chart. This is not a Bollinger band . its an RSI channel with levels 0-100 plotted around the...
Hey, Here is another tool that I created. I could not find anything similar. This script is creating a sine wave, based on the given length, amplitude, horizontal vertical offset. After this it plots also nearest harmonics to the base sine wave and draws it on the chart. At the last step it sums up the value for base sine wave with its harmonics. This is a great...
This experimental visualizer measures all price differences across a range of samples to determine what is normal for a measure of time. Based on whether a recent change in price over time has exceeded the norm, a line is drawn to indicate the magnitude/severity of that move. In short, it attempts to visualize when a move is outside the norm and when it may be...
Artharjan - ATR Dashboard indicator is designed to plot a dashboard of Average True Range for past 10 candles on the chart. It calculates and shows what percentage of the closing price the ATR is for the selected timeframe. It also plots the volume of past 10 days and shows whether the volume has gone up (Green Color) or fallen (Red Color) For daily timeframe...
This indicator is used to gauge the current price movement of the instrument relative to its Daily ATR and Daily ADR%. The indicator has 4 parameters on its panel. ADR% - This shows the average daily price range for the past given period. ATR - This shows the average true range of the past given period. Atr covered - Expressed in %, this shows how much of the...
Hi folks, just some quick work inspired by ThinkScript code from @stephenharlinmd (the Doc). This indicator seems to be intended for lower timeframes (3 min was used for example), and indicates long and short opportunities based on crossovers of the two lines. The slow reference line is an EMA20. The fast line is referred to as an "Instantaneous Moving Average",...
This script shows the balance sheets of the world's major central banks, the ECB [ FRED:ECBASSETSW , the PBoC [ ECONOMICS:CNCBBS , the Fed [ ECONOMICS:USCBBS and the BOJ [ FRED:JPNASSETS Central banks drive the world's financial system and are the largest providers of liquidity so it is important to track whether they are providing or withdrawing liquidity...
This script shows open market operations by the world's fourth largest central bank (by assets) - the people's bank of china. Use this script on the 1D timeframe and higher to understand where there are periods of heightened intervention by the PBoC where financial conditions in China are loosened! Looser financial conditions often correlate with higher risk...
The Reflex Indicator was created by John Ehlers (Stocks and Commodities Feb 2020) and this is a zero lag indicator that works similar to an overbought/oversold indicator but with the current stock cycle data. I find that this indicator works well as a leading indicator as well as a divergence indicator. Generally speaking, this indicator indicates a medium to long...
BTC Longs/Shorts ratio It is a sentiment indicator. It uses data from Bitfinex longs chart and shorts chart. When ratio line going up it simply means most of the people from Bitfinex buying BTC when it goes down selling. So in this way we know bull and bear presure But it is only one exchange? Yes, but it is enough accurate for BTC, for ETH it is not so...
█ OVERVIEW This is a table that shows some information about stocks. It is divided into four sections: 1) Correlation 2) Shares 3) Daily Data 4) Extended Session Data The table is completely modular, which means you can add or remove each element from the settings menu, and it will automatically rearrange its spaces. It is also highly customizable, to the...
SMT Divergence indicator will track your main symbol on the chart against other one you set, for example you can use it on S&P 500 chart while you set there to track and compare it with Nasdaq, it will search for divergence between them, according to swing points, and print it on the chart for you. There is option to set custom swing points period, colors, lines,...