ROC
Rate Of Change - Absolute ValueMeasures the period's change in terms of the instrument's value (e.g. pip, dollar, etc) instead of as a percentage. I generally use it on a daily time frame with a period=1 to see how the current day's move compares with prior days' moves in order to gain a perspective into how this move ranks historically.
BUY & SELL PRESSURE by RegressionBUY & SELL PRESSURE by Regression Analysis at candle price/volume (Rate-Of-Change)
Ver. 3 By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
WHAT'S THIS?
This is my 3rd. revision of the original implementation for AmiBroker by Karthik Marar's of it's BUY AND SELL PRESSURE INDICATORS but this time, constructed under a complete REGRESSIVE ANALYSIS premise based in Rate Of Change (A kind of Slope but measured in % Performance).
Some minimal adaptation's (and cleaning) have been made:
Instead of simple Range calculation at price, Rate Of Change (Regressive) is used.
Oscillator of Pressure can be deactivated in favor of a simple RoC Cumulative Pressures at candle.
Oscillator can read Volume data from external tickers for accurate Index calculation. ( NYA can use TVOL as example.)
Code is small, cleaner and faster =) !
Cheers!
Any feedback will be welcome...
@XeL_Arjona
DecisionPoint Price Momentum Oscillator [LazyBear]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 usual range for broad stock market indexes, each price index will have its own “signature” range. You may have to tune this for your instrument.
- PMO triggers buy/sell on signal crossovers and ZERO crossovers.
- Common patterns like BullKiss, BearKiss are useful to track. See the link below for more info.
- Divergences.
- Histo-only mode that can be used similar to MACD-Histo.
I have exposed all params as configurable. Have fun tuning :) Don't forget to share what you found for your instrument.
More Info:
stockcharts.com
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
Some Sample Charts:
TWTR:
MSFT:
GOOGL:
Insync Index [LazyBear]BB Support + Histo mode
-------------------------------
Code: pastebin.com
Show enclosing BB
Show Insync as Histo:
v02 - Configurable levels
---------------------------------
Small update to allow configuring the 95/75/25/5 levels.
Latest source code: pastebin.com
v01 - orginal description
---------------------------------
Insync Index, by Norm North, is a consensus indicator. It uses RSI, MACD, MFI, DPO, ROC, Stoch, CCI and %B to calculate a composite signal. Basically, this index shows that when a majority of underlying indicators is in sync, a turning point is near.
There are couple of ways to use this indicator.
- Buy when crossing up 5, sell when crossing down 95.
- Market is typically bullish when index is above 50, bearish when below 50. This can be a great confirmation signal for price action + trend lines.
Also, since this is typical oscillator, look for divergences between price and index.
Levels 75/25 are early warning levels. Note that, index > 75 (and less than 95) should be considered very bullish and index below 25 (but above 5) as very bearish. Levels 95/5 are equivalent to traditional OB/OS levels.
The various values of the underlying components can be tuned via options page. I have also provided an option to color bars based on the index value.
More info: The Insync Index by Norm North, TASC Jan 1995
drive.google.com
List of my free indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
(Support doc: bit.ly)