Forex Multi-Factor IndicatorMoving Averages (MA):
Two moving averages are plotted on the chart: a fast MA (blue line) and a slow MA (red line).
The fast MA is calculated using a shorter period (10 periods by default), while the slow MA is calculated using a longer period (30 periods by default).
Moving averages help identify trends by smoothing out price fluctuations. When the fast MA crosses above the slow MA, it suggests a bullish trend, and when the fast MA crosses below the slow MA, it suggests a bearish trend.
Relative Strength Index (RSI):
The RSI indicator (orange line) is plotted on a separate axis.
RSI measures the speed and change of price movements and oscillates between 0 and 100.
RSI values above 70 are considered overbought, indicating a potential reversal to the downside, while RSI values below 30 are considered oversold, indicating a potential reversal to the upside.
Volume Moving Average (Volume MA):
The volume moving average (purple line) is plotted on the same axis as the volume.
The volume moving average is calculated over a specified period (20 periods by default).
Volume analysis provides insights into the strength of price movements. When the volume increases along with price movements, it suggests strong conviction from traders.
Buy and Sell Signals:
Buy signals (green triangle) are generated when all of the following conditions are met:
The fast MA crosses above the slow MA (indicating a bullish trend).
The RSI is below the oversold level (indicating potential upward momentum).
The current price is above the fast MA, and the volume is higher than the volume MA (indicating positive volume trend).
Sell signals (red triangle) are generated when all of the following conditions are met:
The fast MA crosses below the slow MA (indicating a bearish trend).
The RSI is above the overbought level (indicating potential downward momentum).
The current price is below the fast MA, and the volume is lower than the volume MA (indicating negative volume trend).
Overall, this multi-factor indicator combines moving averages, RSI, and volume analysis to identify potential buying and selling opportunities in the Forex market. Traders can use the signals generated by this indicator as part of their trading strategy, but it's important to consider other factors such as risk management and market conditions before making trading decisions
Cari dalam skrip untuk "momentum"
Momentum Candle
bar’s open price (open) from its close price (close). That gives the size of the bar’s body.
The difference between the open and closed is the candle’s body range.
The colour of a candle’s body shows the direction of prices.
if Close > Open then it's Bullish Body Candle & if close < open then it's Bearish Body Candle.
Stronger the interest of buyers or sellers is reflected in the formation of the Body of Candle.
When the body is indeed more than 50% bigger than the average size of a candle
then it will show Momentum on the chart.
we can see the Colour of the candle Changes When it is Stronger than the Average candle & Body size is Bigger than the Average Candle size.
Depending upon Bullish or Bearish the candle Colour Changes to Indicate the Strong Presence of the Buyer or Seller
The Candle which strong but not solid and above Average then it will show Normal Colour Of Candle and the Candle which is Below Average will have no colour on Volume Like Bars on the Chart & chart no effect on the candle colour.
Buyer or Seller's Activity is always reflected in Candle. This helps us to make Trade Decisions.
If Solid Candle at Support or Resistance give or add more Conviction. If Found At Support or resistance will act as Reversal. If found at Swing Low or Retracement, it will help to take trade accordingly with the main trend.
Solid Candle Helps in Good Risk to Reward. Mark the High and Low Of the Strong Candle and observe the Price Action.
as long as the candle is trading below average helps us to take action for Range Breakout & saves us from Taking Entry in Range.
The Distribution at the Top and consolidation at the Bottom can be Observed by the Behaviour of Candles on the Chart.
The candle is always a little first step of price action, Whatever Happens in the market is always first printed in a candle,
The Leader Candle or Momentum Candle with Follow always Decides the Trend.
It's Simple But useful in Day Trading as well as in Swing Trading or Positional Trading too
Momentum PlayTraders always need a confirmation of momentum in price action to ride the swings.
Momentum Play Indicator consists of the below:
Bullish Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above 5 candle high
3) RSI above 60
4) Volume above 5 candles avg. volume
5) ADX above 20
Bearish Conditions :
1)EMA 8 below EMA 34 and falling
2)Candle close below 5 candle low
3) RSI below 40
4) Volume above 5 candles avg. volume
5) ADX above 20
Traders can change the inputs as per their liking to adjust as per their comfortable timeframe.
Credits: Special Thanks to Mr. DTBHAT for sharing the above conditions.
Momentum Trend Fusion (MTF)The Momentum Trend Fusion (MTF) is a composite indicator that combines the Awesome Oscillator and the Relative Strength Index to provide a unique perspective on market momentum and trend strength. The MTF is calculated by first running the Relative Strength Index (RSI) on the Awesome Oscillator (AO) and then applying an Exponential Moving Average (EMA) on the RSI value. The MTF is designed to help traders detect market phases and confirm trend direction by analyzing the cross of the EMA and RSI, as well as divergences between the AO and price. The MTF can be customized by the user by providing the lengths of the RSI and EMA calculations, making it an ideal tool for traders with different time frames and risk tolerances.
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
MA SLope Potential Divergence - FontiramisuIndicator showing potential momentum divergences on Moving Average's Slope.
The problem with the classic divergence is that when the signal appears, it is sometimes too late to enter a trade .
The potential divergence corrects this problem by signaling the beginning of a potential divergence .
Moving average slope is a momentum indicator that offers relevant insights with divergences
Potential divergences are indicated with the letter B and a red color for Bearish Div or Green color for Bullish Div .
Potential divergence is confirmed when the line and the label "Bear"' or "Bull" appear.
You can either show fast slope's divergences or slow slope's divergences or slow/fast diff's divergences.
Momentum-based ZigZag (incl. QQE) NON-REPAINTINGI spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but when price starts chopping up and down, there is no way the ZigZag follows accurately. On the other hand if you set it too tight (for example pivot confirmation after only 2 or even 1 candle), you will get hundreds of zigzag lines and they will tell you nothing.
My point of view is to follow the market. If it has reversed, then it has reversed, and there is no need to wait pre-defined number of candles for the confirmation. Such reversals will always be visible on momentum indicators, such as the most popular MACD. But a single-line moving average can be also good enough to notice reversals. Or my favourite one - QQE, which I borrowed (and improved) from JustUncleL, who borrowed it from Glaz, who borrowed it from... I don't even know where Quantitative Qualitative Estimation originates from. Thanks to all these guys for their input and code.
So whichever momentum indicator you choose - yes, there is a pick-your-poison-type selector as in in-famous Moving Average indicators - once it reverses, a highest (or lowest) point from the impulse is caught and ZigZag gets printed.
One thing I need to emphasize. This indicator DOES NOT REPAINT. It might look like the lines are a bit delayed, especially when compared to all the other ZigZag indicators on TradingView, but they are actually TRUE. There is a value in this - my indicator prints pivot points and Zigzag exactly on the moment they have been noticed, not earlier faking to be faster than they could be.
As a bonus, the indicator marks which impulse had strength in it. It is very nice to see a progressing impulse, but without force - a very likely that reversal on a bigger move is happening.
I'm about to publish some more scripts based on this ZigZag algo, so follow me on TradingView to get notified.
Enjoy!
Spread for VSAЭтот индикатор сравнивает спрэд (расстояние от закрытия предыдущего бара до закрытия текущего бара или индикатор Momentum = 1) на периоде для сравнения.
На графике за 100 % принимается среднее значение спрэда за период для сравнения - красная линия. (по умолчанию период сравнения равен 3 - то есть три последних бара)
Размер бара на графике равен текущему спрэду по отношению к 100 %.
Если бар меньше 100 % то он ниже среднего, и наоборот если больше 100% то он больше среднего.
Если бар красный - спрэд отрицательный (текущее закрытие меньше предыдущего закрытия)
Если бар зелёный - спрэд положительный (текущее закрытие больше предыдущего закрытия)
Если бар меньше 75% то он будет окрашен в тусклый цвет (этот процент можно менять в настройках)
Если в настройках период спрэда указать больше 1, например 2, то спрэд будет равен закрытие мину закрытие через 1 бар назад. (это для экспериментов).
Примечание:
по умолчанию период для сравнения равен 3, но также интересен график и при значениях 15 и больше. Экспериментируйте.
По вопросам и предложениям пишите в комментариях.
Automatic translation google translate.
This indicator compares the spread (the distance from the closing of the previous bar to the closing of the current bar or the Momentum indicator = 1) on the period for comparison.
On the chart, the average spread value for the period for comparison is the red line, taken as 100%. (by default, the comparison period is 3 - that is, the last three bars)
The size of the bar on the chart is equal to the current spread with respect to 100%.
If the bar is less than 100%, then it is below average, and vice versa, if more than 100%, then it is more than average.
If the bar is red, the spread is negative (the current close is less than the previous close)
If the bar is green, the spread is positive (the current close is greater than the previous close)
If the bar is less than 75%, then it will be painted in a dull color (this percentage can be changed in the settings)
If in the settings the period of the spread is specified more than 1, for example 2, then the spread will be equal to closing mine closing after 1 bar back. (this is for experimentation).
Note:
the default period for comparison is 3, but the chart is also interesting for values of 15 or more. Experiment.
For questions and suggestions, write in the comments.
Momentum on EMA oscillatorThis script calculates the momentum on a 2 ema oscillator.
Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account.
Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing.
Seeing such a trap is trivial as you won't buy if the market is slightly bear or flat.
Signals is quite good to detect the begining of a bull/bear market.
Can display some interesting divergence.
Function : Know Sure Thing ! (KST)Firstly : Know Sure Thing, or KST , is a momentum oscillator developed by Martin Pring to make rate-of-change readings easier for traders to interpret. In a 1992 Stocks and Commodities article, Mr. Pring referred to the indicator as "Summed Rate of Change ( KST )," but the KST term stuck with technical analysts. The indicator is relatively common among technical analysts preferring momentum oscillators to make decisions.
References : Investopedia (www.investopedia.com )
Let's start :
Simply :
KST : Above point 0 means long position (positive zone), below point 0 (negative zone) means short position.
I liked this indicator more than RSI because we can evaluate the breaking points of the channels we draw on the indicator according to the regions.
Plus area (positive area), breaking the channel upwards may indicate a very strong rise, and minus area (negative area) the channel downwards may indicate a very strong fall.
As a person who is very keen to identify major trends in advance, I like the KST indicator to approach the target quickly and simply. I also find it very successful in terms of divergences.
CAUTION : This indicator has been written before many times on TV. I have no effort on it. I saved loads only for variable periods. But I have enough experience to say that you are successful in trends with KST . Nevertheless, do not use it alone, as other promoters may benefit.
For example , I divided the standard periods into 4 as in the script. With a correct adaptive period, it has the potential to contribute greatly to accurate moves! You can use with mutable variable periods. Abundant trend lines can be drawn on the indicator and divergences between price and indicator can be sought. Best regards!
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).
Momentum VisualizerA colorful indicator that visually shows momentum, fast-moving average on the outside and the slower moving averages in the core. The outer moving average is to see where the outer momentum breaks below again.
Momentum Strategy, rev.2This is a revised version of the Momentum strategy listed in the built-ins.
For more information check out this resource:
www.forexstrategiesresources.com
Momentum Pullback ScalpingThis strategy is based solely on the "Momentum Pullback Signals" TradingView indicator. This strategy was developed exclusively for scalping trading in the 1-minute timeframe. For each trade, the level of loss is placed 0.3% above/below the entry price. Each trade has a fixed risk-to-reward ratio of 4:1. That's risk management. If you want to know the technical trading analysis for each trade, you have to look at the corresponding indicator. It will be there. You can look at several markets with this strategy and see which one suits you best.
Blue Dot Indicator (Dr. Wish Style)The blue dot is just telling you:
“The stock was oversold and is now bouncing (stochastic %K crossed above 20).”
That's it. It does not guarantee the bounce will continue—only that one might be starting.
So it should not be used alone to take entries.
📉 Why Earlier Blue Dots Failed in this chart before it succeeded -
In the chart (TG Therapeutics), earlier blue dots:
Happened during sideways consolidation
Had no follow-through volume or momentum
Were below or near flat moving averages
Had no breakout of prior swing highs
Hence, they were low-probability setups.
So what you should do -
Practical Rule You Can Try
✅ Only act on a blue dot when price closes above previous swing high, and is above rising 50 SMA or 21 EMA.
🛑 Avoid blue dots during consolidation or if price is below moving averages.
Momentum Histogram Dual LengthEste indicador ayuda a detectar cuando el momentum se pone lento o cuando se acelera
Institutional Composite Moving Average (ICMA) [Volume Vigilante]Institutional Composite Moving Average (ICMA)
The Next Evolution of Moving Averages — Built for Real Traders.
ICMA blends the strength of four powerful averages (SMA, EMA, WMA, HMA) into a single ultra-responsive, ultra-smooth signal.
It reacts faster than traditional MAs while filtering out noise, giving you clean trend direction with minimal lag.
🔹 Key Features:
• Faster reaction than SMA, EMA, or WMA individually
• Smoother and more stable than raw HMA
• Naturally adapts across trend, momentum, and consolidation conditions
• Zero gimmicks. Zero repainting. Full institutional quality.
🔹 Designed For:
• Scalping
• Swing trading
• Signal engines
• Algorithmic systems
📎 How to Use:
• Overlay it on any chart
• Fine-tune the length per timeframe
• Combine with your entries/exits for maximum edge
Created by Volume Vigilante 🧬 — Delivering Real-World Trading Tools.
Volume Flow RatioVolume Flow Ratio (VFR) Indicator
Overview
The Volume Flow Ratio (VFR) is a sophisticated volume analysis tool that measures current trading volume relative to the maximum volume of the previous period. Unlike traditional volume indicators that show raw volume or simple moving averages, VFR provides context by comparing current activity to recent maximum activity levels.
Core Features
1. Split Period Analysis
- Multiple Timeframe Options:
- Daily: Compares to previous day's maximum
- Weekly: Week-to-week comparison
- NYSE Weekly: Specialized for stock market trading (Monday-Friday only)
- Monthly: Month-to-month analysis
- Quarterly: Quarter-to-quarter perspective
- Yearly: Year-over-year volume comparison
2. Ratio-Based Measurement
- Displays volume as a ratio (0 to 1+) rather than raw numbers
- 1.0 represents volume equal to previous period's maximum
- Example: If previous max was 50,000 contracts:
- Current volume of 25,000 shows as 0.5
- Current volume of 75,000 shows as 1.5
3. Triple Coloring Modes
- Moving Average Based:
- Compares current ratio to its moving average
- Customizable MA period
- Green: Above MA (higher than average activity)
- Red: Below MA (lower than average activity)
- Previous Candle Comparison:
- Simple increase/decrease from previous bar
- Green: Higher than previous bar
- Red: Lower than previous bar
- Candle Color Based:
- Syncs with price action
- Green: Bullish candles (close > open)
- Red: Bearish candles (close < open)
Primary Use Cases
1. Volume Profile Analysis
- Perfect for traders who need to understand when markets are most active
- Helps identify unusual volume spikes relative to recent history
- Useful for timing entries and exits based on market participation
2. Market Activity Traders
Ideal for traders who:
- Need to identify high-liquidity periods
- Want to avoid low-volume periods
- Look for volume breakouts or divergences
- Trade based on institutional participation levels
3. Mean Reversion Traders
Helps identify:
- Overextended volume conditions (potential reversals)
- Volume exhaustion points
- Return to normal volume levels after spikes
4. Momentum Traders
Useful for:
- Confirming trend strength through volume
- Identifying potential trend exhaustion
- Validating breakouts with volume confirmation
Advantages Over Traditional Volume Indicators
1. Contextual Analysis
- Shows relative strength rather than raw numbers
- Easier to compare across different time periods
- Automatically adjusts to changing market conditions
2. Period-Specific Insights
- Respects natural market cycles (daily, weekly, monthly)
- Special handling for NYSE trading days
- Eliminates weekend noise in stock market analysis
3. Flexible Visualization
- Three distinct coloring methods for different trading styles
- Clear reference line at 1.0 for quick analysis
- Histogram style for easy pattern recognition
Best Practices
For Day Traders
- Use Daily split for intraday volume patterns
- MA coloring mode with shorter periods (5-10)
- Focus on ratios during market hours
For Swing Traders
- Weekly or NYSE Weekly splits
- Longer MA periods (15-20)
- Look for sustained volume patterns
For Position Traders
- Monthly or Quarterly splits
- Candle color mode for trend confirmation
- Focus on major volume shifts
Limitations
- Requires one full period to establish baseline
- May be less effective in extremely low volume conditions
- NYSE Weekly mode specific to stock market hours
This indicator is particularly valuable for traders who understand that volume is a crucial component of price action but need a more sophisticated way to analyze it than simple volume bars. It's especially useful for those who trade based on market participation levels and need to quickly identify whether current volume is significant relative to recent history.
Catalyst TrendCatalyst Trend – A Comprehensive Trend and Regime Analyzer
The Catalyst Trend indicator was designed to dynamically and intuitively merge various classic analytical techniques. The goal is to filter out short-term market noise and reveal reliable trend phases or potential turning points. Below is a detailed explanation of its core elements and practical usage.
1. Concept and Idea
Multidimensional Trend Detection
This indicator goes beyond a simple momentum or volatility focus. It factors in multiple measurements to provide a more well-rounded market perspective.
Versatile Indicator Fusion
Linear Regression (LinReg): Multiple LinReg calculations are combined to smooth out price fluctuations and produce a robust trendline—known here as the “Cycle Reduced Line.”
ADX (Average Directional Index): Measures trend strength.
RSI (Relative Strength Index): Flags potential overbought or oversold conditions, in both the current timeframe and a higher timeframe.
ATR (Average True Range): Assesses volatility; used to dynamically adjust calculation lengths.
By weaving these elements together, the indicator adds value beyond simply stacking multiple indicators. It adapts to real-time market conditions, aiming to highlight genuine trends and reduce false signals.
2. Key Functions and Calculations
Dynamic Length & Smoothing
A blend of volatility (ATR), ADX values, and RSI inputs determines how many candles are used in the LinReg calculations and how heavily the data is smoothed.
This allows the indicator to respond promptly during periods of high volatility, while automatically adjusting to filter out unnecessary noise in quieter phases.c
Cycle Reduced Line
The script averages several offset LinReg calculations to produce a cleaner overall signal. Random outliers are thus minimized, making the trend path more visually consistent.
An additional EMA smoothing (“Final Smoothing”) further stabilizes this trendline, reducing the impact of minor price fluctuations.
Channel Bands (Optional)
These bands are derived from the standard deviation of the price residual (the difference between the smoothed price and the trendline).
They highlight potential over-extension zones: the upper band can mark short-term overbought areas, while the lower band might indicate oversold conditions.
Trend and Sideways Determination
Slope Calculation: The slope of the trendline (comparing the current bar to the previous one) helps identify short-term directional shifts.
DX Threshold: Once the ADX surpasses a user-defined threshold and the slope is positive, it may indicate a developing uptrend. Similarly, if the slope is negative and ADX > threshold, it could signal a potential downtrend.
Multi-Level Color Coding
Original Mode: Interpolated colors reflect uptrends, downtrends, and sideways phases, factoring in metrics like ADX and RSI.
Single Color: For a neutral look, the indicator can be displayed in one uniform color.
HTF RSI: This mode uses the higher-timeframe RSI to color the trendline (Long/Short/Neutral), offering a quick gauge of overarching market pressure.
3. Use Cases and Interpretation
Timeframes & Markets
The indicator is versatile and adapts well to different intervals, from 5-minute charts to weekly views.
It can be applied to various markets—crypto, forex, stocks—since volatility and trend strength are universal concepts.
Signal Recognition
Color Swings into a more pronounced upward hue (e.g., green) may signal mounting strength.
Neutral or mixed tones often point to sideways phases, which breakout traders might watch for potential price surges.
A shift to downward colors (e.g., red) may indicate a growing bearish trend.
Channel Bands & Volatility
When the bands spread widely, it’s wise to proceed with caution: abrupt spikes above the upper band or below the lower band can flag rapid short-term extremes.
These bands are more of a reference for potential overextension than a strict buy or sell trigger.
Additional Confirmations
Not a standalone panacea: The Catalyst Trend indicator is an analytical tool, best used alongside other methods such as volume analysis or price action (candlestick patterns, support/resistance levels) to bolster confidence in trading decisions.
4. Practical Tips
Parameter Adjustments
Depending on the market—crypto vs. traditional currency pairs—different ADX, RSI, or smoothing periods may be more effective. Experiment with the settings to tailor the indicator to your preferred timeframe.
Strategic Integration
Trailing Stops: For those riding a trend, the trendline or the channel bands may serve as a reference to trail stop-loss orders.
Trend Confirmation: Using RSI and ADX filters can help traders avoid sideways markets or stay the course when the trend is strong.
5. Important Final Notes
No Guarantee of Profits
No indicator can predict the future. Markets are inherently volatile and often unpredictable.
Responsible Risk Management
Test the indicator in a demo environment or with smaller positions before committing to large trades.
RSI+EMA+MZONES with DivergencesFeatures:
1. RSI Calculation:
Uses user-defined periods to calculate the RSI and visualize momentum shifts.
Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels.
2. EMA of RSI:
Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation.
3. Bullish and Bearish Divergences:
Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals.
Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities.
4. Customizable Labels:
Displays divergence labels directly on the chart.
Labels can be toggled on or off for better chart visibility.
5. Alerts:
Predefined alerts for both regular and hidden divergences to notify users in real time.
6. Fully Customizable:
Adjust RSI period, lookback settings, divergence ranges, and visibility preferences.
Colors and styles are easily configurable to match your trading style.
How to Use:
RSI Zones: Use RSI and its zones to identify overbought/oversold conditions.
EMA: Look for crossovers or confluence with divergences for confirmation.
Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals.
Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.
Simple Moving Average with Regime Detection by iGrey.TradingThis indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies.
Key Features:
- Dual SMA System (50/200) for regime identification
- Colour-coded candles for easy trend visualisation
- Metrics dashboard
Core Signals:
- Bullish Regime: Price < 200 SMA
- Bearish Regime: Price > 200 SMA
- Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
Metrics Dashboard:
- Current Regime Status (Bull/Bear)
- SMA Distance (% from price to 50 SMA)
- Regime Distance (% from price to 200 SMA)
- Regime Duration (bars in current regime)
Usage Instructions:
1. Apply the indicator to your chart
2. Configure the SMA lengths if desired (default: 50/200)
3. Monitor the color-coded candles:
- Green: Bullish regime
- Red: Bearish regime
4. Use the metrics dashboard for detailed analysis
Settings Guide:
- Length: Short-term SMA period (default: 50)
- Source: Price calculation source (default: close)
- Regime Filter Length: Long-term SMA period (default: 200)
- Regime Filter Source: Price source for regime calculation (default: close)
Trading Tips:
- Use bullish regimes for long positions
- Use bearish regimes for capital preservation or short positions
- Consider regime duration for trend strength
- Monitor distance metrics for potential reversals
- Combine with other systems for confluence
#trend-following #moving average #regime #sma #momentum
Risk Management:
- Not a standalone trading system
- Should be used with proper position sizing
- Consider market conditions and volatility
- Always use stop losses
Best Practices:
- Monitor multiple timeframes
- Use with other confirmation tools
- Consider fundamental factors
Version: 1.0
Created by: iGREY.Trading
Release Notes
// v1.1 Allows table overlay customisation
// v1.2 Update to v6 pinescript
Momentum-Based Buy/Sell SignalsBuy Signal:
Triggered when ROC > threshold and the MACD line crosses above the Signal line.
Sell Signal:
Triggered when ROC < threshold and the MACD line crosses below the Signal line.
Visual Elements:
Green labels with "Buy" are displayed below the bars for buy signals.
Red labels with "Sell" are displayed above the bars for sell signals.
The background turns green during a buy signal and red during a sell signal for better visual clarity.
Momentum Probability Oscillator [SS]This is the momentum based probability indicator.
What it does?
This takes the average of MFI, Stochastics and RSI and plots it out as an independent oscillator.
It then tracks bullish vs bearish instances. Bullish is defined as a greater move from open to high than open to low and inverse for bearish.
It stores this data and these averages and plots these levels as a graph.
The graph depicts the max bullish values at the top, the min bearish values at the bottom and the averages in between:
It will plot the average "threshold" value in yellow:
The threshold value is key. A ticker trading above the threshold is generally bullish. Below is bearish.
The threshold value frequently acts as support and resistance levels (see below):
Resistance:
Support:
The indicator also shows you the amount of time a ticker has spent in each region, over a defined lookback period (defaulted to 500):
When you see that cumulatively, more time has been spent in a bullish range or a bearish range, it can help you ascertain the prevailing sentiment at that time.
The indicator will also calculate the average price range based on the underlying oscillator value. It does this through use of ATR based techniques, as its not usually possible to calculate a price from an oscillator:
This is intended as a general reference and not a precise target, as it is using ATR as opposed to the actual technical value itself.
As this is an oscillator, you can use it to look for divergences as well. The advantage to having it formulated in this way is:
a) You get the power of all 3 indicators (stochastics, MFI and RSI) in one and
b) You are adding context to the underlying technical reading. The indicator is plotting out the average, max and min ranges for the selected ticker and performing assessments based on these ranges that add context to the current PA.
You also have the ability to see the specific technical levels associated with each specific technical indicator. If you open up the settings menu and select "Show Table", this will appear:
This will show you the exact values of each of the technicals the indicator is using in its range assessment.
And that is basically the bulk of the indicator!
I use this predominately on the smaller timeframes, especially when there is a lot of chop, to ascertain the overall sentiment.
I also will reference it on the 1 hour to see what the prevailing sentiment is and whether the stock is at an area of technical resistance or support. For example, here is what I referenced on SPY today:
QUICK NOTE:
It works best with RTH (regular trading hours) turned on and ETH (extended trading hours) turned off!
That's it!
Hopefully you like it and leave your comments and suggestions below!
