example:
if you want to find the stronger/weaker pair between eurusd and gbpusd, what you can do is check the eurgbp charts. if eurgbp is bullish, that means, that longs longs on eurusd are better than on gbpusd.
Unfortunately, there is no such thing to compare for example usoil with ukoil, or us100 with us500.
That's where this indicator comes in handy. You can...
This indicator tracks USI:ADD , USI:TICK , USI:VOLD on the chart while sharing the same space. This allows you to watch these important indicators without the need to give up separate dedicated space for each of them.
USI:ADD is the number of NYSE stocks advancing vs declining
USI:TICK is the number NYSE stocks trading on an uptick vs downtick
USI:VOLD ...
This indicator is designed to analyze the relative strength momentum of two US market indices, the Russell 2000 and S&P 500, by calculating their rate of change over a 21-bar period and comparing them. The difference between the average rate of change for IWM and SPY is then plotted as a histogram, with green bars indicating positive momentum and red bars...
The original Stochastic RSI was built to generate more signals than either of the ordinary RSI or Stochastic Oscillator.
This Stochastic RSI+ is a customized Stochastic RSI meant to be less obtrusive as a lower indicator with several added components for improved utility.
The Stochastic RSI+ has 3 components:
1. The Single line color changing Stochastic RSI...
The Broadview OBOS Heatmap is a new indicator that takes commonly used oscillators and transforms them into a powerful heatmap, providing traders and investors with an unparalleled level of insight into market trends and cycles. With the ability to visualize 15 different oscillators all at once, the Broadview Overbought & Oversold Heatmap offers users the ability...
The True Oscillator is an exceptional trading indicator that provides traders with highly accurate and reliable signals. While the RSI has been a popular indicator for decades, it has limitations, as it only considers closing price action which can be insufficient in providing a complete market trend analysis.
The True Oscillator, on the other hand, has been...
RDX Relative Directional Index, Strength + Direction + Trend. This indicator is the combination of RSI and DMI or ADX. RDX aims at providing Relative direction of the price along with strength of the trend. This acts as both RSI and Average Directional Index. as the strength grows the RSI line becomes wider and when there is high volatility and market fluctuation...
ADX Trend Filter Indicator is a traditional ADX indicator with a different presentation. its consist of two indicators EMA TREND and ADX / DMI
About Indicator:
1. BAND / EMA band to represent EMA Trend of EMA-12 and EMA-50
(Band is plotted at level-20 which is the Threshold level of DMI / ADX indicator)
2. Histogram showing the direction of ADX / DMI trend
3. Area...
This is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown.
The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish...
Shows you how the asset on the chart is trending versus the market. You can customise the market that it uses, and there are some common markets programmed in as options.
Displays moving averages and a simple red/green bias.
You could do this yourself by typing, e.g., ADAUSDT/TOTAL into the asset box in TradingView and adding some EMAs manually and then...
Relative strength (RS) is a measure of a stock's price performance relative to the overall market. It is calculated by dividing the stock's price change over a specified period by the market's price change over the same period. A stock with a high RS has outperformed the market, while a stock with a low RS has underperformed. (Stock can any asset that can be...
First of all, a big shoutout to @shayankm, @LazyBear, @Bromley, @Goldminds and @LuxAlgo, the ones that made this script possible.
This is a version of Waddah Attar Explosion with Traders Dynamic Index.
WAE provides volume and volatility information. Also, WAE calculation was changed to a full-on MACD, to provide the momentum: the idea is to "assess" which MACD...
This script shows how money is moving among different sectors using relative-strength of the corresponding sector-specific largest ETFs against MSCI World. Trend and current value of Relative-strength can be used to determine the sector in which you should make your investment at this point, considering the movement in markets.
A script to perform sectoral performance (using predefined exchange indices or custom indices) and a stock from that sector/industry.
This script allows to peg to a reference date and the returns of the stock, sector and the market benchmark are all calculated from that date as reference.
The thing to note:
If using a custom index, it needs to be defined...
Black RSI (Pro Suite) is combination of RSI (Relative Strength Index), Volume RSI, Heikin Ashi RSI & other multi Oscillators with multi features into one indicator, features like (Quad Divergences, Multi Time Frame RSI, MTF RSI Panel, Oscillator Support/Resistance/Wedges/Trendlines, Oscillator Moving Average/BBs, Smooth RSI, RSI Price Estimator, Oscillator Over...
Idea:
Enhance the Stoch RSI with DMI to get the visualization of the strength movement.
Concept:
(Note that we take the close to get the closing price).
-Combination of 2 Stoch RSI (using value K): 1 is UP, 1 is DOWN (these settings have been customized).
-Every time they cross, it calculates the direction of 3 nearly previous crossings to get the color of...
This indicator will display the strength of 8 currencies, EUR, AUD, NZD, JPY, USD, GBP, CHF, and CAD. Each line will represent each currency. Alongside that, Fibonacci levels will be plotted based on a standard deviation from linear regression, with customizable lengths.
For more steady Fibonacci levels, use higher lengths for both Standard Deviations and Linear...
A pull-back occurs whenever the price or the value of an indicator breaks a line and comes back to test it before continuing in the prevailing trend.
The RSI has oversold and overbought levels such as 20 and 80 and whenever the market breaks them returns to normality, we can await a pull-back to them before the reversal continues.
This indicator shows the...
![SPY: US Market Strength Momentum [LG]](https://s3.tradingview.com/r/rXqjuMOu_mid.png "US Market Strength Momentum [LG]")
