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Centered Oscillators

Adaptive Momentum BaseThe Adaptive Momentum Base, (AMB), is a momentum based indicator which measures the momentum change in the recent candles and changes the colour of bar which it occurred on. Momentum is used as a confirmation to show that the market may move in favour of your direction if the momentum is present for that direction. Trade Example: If you have long/short positions open and the market is moving in your favour, the signal will indicate to hold on to the position for a while has the price action has not been completed. Script Explained: AMB works by using the velocity created by the bars during the period of the "lookback" which is then used to formulate the momentum. The momentum is then compared against the previous bars and if a spike in momentum occurs, the indicator will follow to give a signal.
Pine Script™ indicator
by xxMubeen
Momentum RibbonThe Momentum Ribbon is a collection of Moving Averages which indicate the severity of pull-backs in a given market. As the ribbon spreads apart, it indicates more and more significant support/resistance for a trending market. As it is compressed back together, it displays a blue colour to indicate a "cooling" of trend momentum. Adjustable Moving Average periods and types! You can customize the parameters of your ribbon to your heart's content!
Pine Script™ indicator
by TheRiskChair
7
MACD-X Overlay, More Than MACD by DGTMoving Average Convergence Divergence – MACD The most popular indicator used in technical analysis , the moving average convergence divergence ( MACD ), created by Gerald Appel. MACD is a trend-following momentum indicator , designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price Historical evolution of MACD , - Gerald Appel created the MACD line, - Thomas Aspray added the histogram feature to MACD - Giorgos E. Siligardos created a leader of MACD MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, MACD takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum. The MACD indicator is typically good for identifying three types of basic signals; Signal Line Crossovers A Signal Line Crossover is the most common signal produced by the MACD . On the occasions where the MACD Line crosses above or below the Signal Line, that can signify a potentially strong move. The standard interpretation of such an event is a recommendation to buy if the MACD line crosses up through the Signal Line (a "bullish" crossover), or to sell if it crosses down through the Signal Line (a "bearish" crossover). These events are taken as indications that the trend in the financial instrument is about to accelerate in the direction of the crossover. Zero Line Crossovers Zero Line Crossovers occur when the MACD Line crossed the Zero Line and either becomes positive (above 0) or negative (below 0). A change from positive to negative MACD is interpreted as "bearish", and from negative to positive as "bullish". Zero crossovers provide evidence of a change in the direction of a trend but less confirmation of its momentum than a signal line crossover Divergence Divergence is another signal created by the MACD . Simply, divergence occurs when the MACD and actual price are not in agreement. A "positive divergence" or "bullish divergence" occurs when the price makes a new low but the MACD does not confirm with a new low of its own. A "negative divergence" or "bearish divergence" occurs when the price makes a new high but the MACD does not confirm with a new high of its own. A divergence with respect to price may occur on the MACD line and/or the MACD Histogram Moving Average Crossovers , another hidden signal that MACD Indicator identifies Many traders will watch for a short-term moving average to cross above a longer-term moving average and use this to signal increasing upward momentum. This bullish crossover suggests that the price has recently been rising at a faster rate than it has in the past, so it is a common technical buy sign. Conversely, a short-term moving average crossing below a longer-term average is used to illustrate that the asset's price has been moving downward at a faster rate and that it may be a good time to sell. Moving Average Crossovers in reality is Zero Line Crossovers, the value of the MACD indicator is equal to zero each time the two moving averages cross over each other. For easy interpretation by trades, Zero Line Crossovers are simply described as positive or negative MACD False signals Like any forecasting algorithm, the MACD can generate false signals. A false positive, for example, would be a bullish crossover followed by a sudden decline in a financial instrument. A false negative would be a situation where there is bearish crossover, yet the financial instrument accelerated suddenly upwards What is “MACD-X” and Why it is “More Than MACD” In its simples form, MACD-X implements variety of different calculation techniques applied to obtain MACD Line. Different calculation techniques lead to different values for MACD Line, as will further discuss below, and as a consequence the signal line and the histogram values will differentiate accordingly. Main features of MACD-X ; 1- Plotting of the Oscillator presented on top of the price chart (main chart) and applicable on both log and linear scale. Maximum plotting length is limited to 250 bars 2- Introduces different proven techniques applied on MACD calculation, such as MACD-AS (Histogram), MACD-Leader and MACD-Source, besides the traditional MACD (MACD-TRADITIONAL) • MACD-Traditional, by Gerald Appel It is the MACD that we know, stated as traditional just to avoid confusion with other techniques used with this study • MACD-Histogram, by Thomas Aspray The MACD-Histogram measures the distance between MACD and its signal line (the 9-day EMA of MACD ). Aspray developed the MACD-Histogram to anticipate signal line crossovers in MACD . Because MACD uses moving averages and moving averages lag price, signal line crossovers can come late and affect the reward-to-risk ratio of a trade. Bullish or bearish divergences in the MACD-Histogram can alert chartists to an imminent signal line crossover in MACD Aspray's contribution served as a way to anticipate (and therefore cut down on lag) possible MACD crossovers which are a fundamental part of the indicator. • MACD-Leader, by Giorgos E. Siligardos, PhD MACD Leader has the ability to lead MACD at critical situations. Almost all smoothing methods encounter in technical analysis are based on a relative-weighted sum of past prices, and the Leader is no exception. The concealed weights of MACD Leader are such that more relative weight is used in the more recent prices than the respective weights used by the components of MACD . In effect, the Leader expresses more changes in average price dynamics for the recent price movement than MACD , thus eventually leading MACD , especially when significant trend changes are about to take place. • MACD-Source, a custom experimental interpretation of mine, MACD Source, presents an application of MACD that evaluates Source/MA Ratio, relatively with less lag, as a basis for MACD Line, also can be expressed as source convergence/divergence to its moving average. Among the various techniques for removing the lag between price and moving average (MA) of the price, one in particular stands out: the addition to the moving average of a portion of the difference between the price and MA. MACD Source, is based on signal length mean of the difference between Source and average value of shot length and long length moving average of the source (Source/MA Ratio), where the source is actual value and hence no lag and relatively less lag with the average value of moving average of the source . MACD Source provides relatively early crossovers comparing to MACD and better momentum direction indications, assuming the lengths are set to same values 3- Alerts presented for MACD and Signal Line Crosses both for Early Warning and Confirmed Crossovers For more, You are kindly invited to have a look to other MACD or similar studies presented on separate pane MACD-X, More Than MACD by DGT , P-MACD by DGT and Price Distance to its MA by DGT Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script™ indicator
by dgtrd
59
RedK Momentum Bars (RedK Mo_Bars)Momentum Bars (Mo_Bars) offers a different way to visualize (relative) momentum - and uses some simple TA concepts to provide a different perspective into how we read momentum changes and incorporate that in our trading. The idea here (and the script itself) is really super simple, and is (very loosely) inspired by Elder's Impulse System (EIS) - then evolved to leverage some other concepts, and to become less cluttering and "easier to read". The construction of the Mo_Bars --------------------------------------------- The base concept utilizes 3 moving average lines : the first line is a relatively fast MA with a short length - acts as the main price tracking line the second line is slightly slower than the main line - 2 to 3 bars longer length - and will by default use the open value as source - this works better to identify when the closing price starts to move faster than the open (as in, bars more frequently close higher than they open) - this line acts as the signal line - there's an added setting for an additional delay that utilizes regular WMA smoothing - the delay acts to magnify the relative displacement between the 2 MAs for both these MA's, i choose to use the RSS MA (Lazy Line) - other MA types can be used, but the reason i used that MA type specifically is that it moves "gracefully" - and 2 Lazy Lines moving together minimizes whipsaws from small price swings - i tested with other MA types and found that the RSS has an advantage there. the third line is a much slower MA (length 5 to 6 x the fast line) - and acts as a filter or a baseline. When we're above that line, we should favor long positions - we're in bull territory. When we're below that line we favor short positions, and we're in bear territory. Adjust this line as it suits your trading style and time frame. (I choose to use WMA as the MA type for the filter line .. and there's a good reason for that - which i'll skip for now - but in future versions, we can add other selectable MA types. ) Using Mo_Bars ---------------------------- at a very broad level, we can use Mo_Bars similar to how we use a MACD - both are centered and unrestricted oscillators - note the difference that Mo_Bars is based on 3 MA's rather than 2. the Mo_Bar bar length reflects the distance between the main MA and the signal MA - plotted relative to the baseline (filter line) - that means that the length of the bar represents the relative momentum between the 2 MA's - The Mo_Bars are then colored in a way that reflects increase or decrease in the value of that momentum (the visual here may have been inspired by another indicator recently published by one of our esteemed wizards - it worked perfectly - so due credits here :) -- in simple terms, if the main MA is below the signal MA, the bar is red - and when the main MA is above the signal MA, the bar is green - a white bar usually shows up when there's a detected change of relative momentum direction (note that this is not the same as the trend direction - and that's what helps show and exploit convergence and divergence - similar to a MACD) * in the chart above, i noted few examples of how visualizing relative momentum in this way exposes areas of chop (Mo_Bars above zero but are in red or moving down, or when Mo_Bars are below zero and green or moving up) - convergence / divergence with price - and how this can act to expose the possibility of potential changes in price action or trend. * there's so much more to play around with this setup - and maybe if there's enough interest there can be future dedicated posts on how utilize or even to evolve it further - there's a lot of potential here, to add more filters (maybe volume based), alerts, signals...etc - so let's see the interest :) Here's the detailed (top chart) setup that Mo_Bars is based on -- The settings for the MA's on the price charts have been matched / sync'ed with the Mo_Bars settings on the lower panel to demonstrate how the script works and how it translate the MA action on the price chart to what we see below. As always, please play around with the indicator to get used to how it works - use it in tandem with other indicators to get proper confirmations and adjust settings to suit your own trading style, time frame, and instruments Feedback and thoughts are always welcome --- good luck!
Pine Script™ indicator
by RedKTrader
64
Combo 2/20 EMA & Adaptive Price Zone This is combo strategies for get a cumulative signal. First strategy This indicator plots 2/20 exponential moving average. For the Mov Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met. Second strategy The adaptive price zone (APZ) is a volatility-based technical indicator that helps investors identify possible market turning points, which can be especially useful in a sideways-moving market. It was created by technical analyst Lee Leibfarth in the article “Identify the Turning Point: Trading With An Adaptive Price Zone,” which appeared in the September 2006 issue of the journal Technical Analysis of Stocks and Commodities. This indicator attempts to signal significant price movements by using a set of bands based on short-term, double-smoothed exponential moving averages that lag only slightly behind price changes. It can help short-term investors and day traders profit in volatile markets by signaling price reversal points, which can indicate potentially lucrative times to buy or sell. The APZ can be implemented as part of an automated trading system and can be applied to the charts of all tradeable assets. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
3
Honey CypherHoney Cypher Aims to do 4 things Momentum Trend Strength Overbought and oversold zones Being the most beautiful indicator you ever see Momentum The big yellow honey waves primary use is to see the momentum of the market, they can be used in a similar way you would use a MACD or Chaikin Money Flow On this image you see the honey waves being plotted to the 30 minute timeframe while on the 5 minute chart to have an understanding of longer time momentum in the chart. Trend Strength Most tools of the indicator can be used for that but the yellow and purple slope strength lines are made specificaly for this. When you see them curl down you know trend is strengthening towards the downside. The candle color is based on the amount of Honey waves sloping in one direction. This might be the best tool in the indicator to find Trend Strength. Bright yellow candles mean strong bears while the bright blue candles mean strong bulls. Overbought and oversold zones By analysing the waves on a chart you start to learn how big waves can get before a reversal or consolidation period arrives. You can become profitable with the indicator. But to be honest, my primary focus in making this indicator was find ways to visualise alot of data in a clear and beautiful way. You should use the indicator with some out of the box ideas instead of just trusting the signals. examples: Find a head and shoulders pattern on the top of a huge honey wave. Find a bottom small wave while the others honey waves are in the opposite direction for entering a pullback. Use the honey for direction but the yellow and purple slope line crosses for entrys. Comment your own strategys, I made this open source to be able to get community feedback. The Honey Cypher waves are calculated in a similar way as the MACD histogram. I've combined MACD formula with some of the lazybear formula. It looks for the distance between 2 moving averages to find trend strength. After that the end results get's smoothed out. It is very satisfying to change that as you can see the honey waves create a melting like motion on each change of smoothing. Below a preview of the honey cypher moving average lines, all lines have a length that is based on the fibonacci number sequence. Honey cypher measures the distance between for example length 5-8 averages. I hope this inspires coders to create very beautiful scripts.
Pine Script™ indicator
by Honestcowboy
24
MTF MACD (PPO) [TANHEF]Mult-Timeframe Moving Average Convergence Divergence (MACD) and Percentage Price Oscillator (PPO) indicator that allows for viewing of 1 to 5 different Timeframes. Brief Summary The primary benefit of multi-timeframe indicators is getting better entries and confirmation from viewing multiple time frames at once, which can often get overlooked. MACD shouldn't be only used by itself, it is a lot more consistent when applied in the same direction as the trend as well as multiple other things including support, resistance, and volume improve the outcomes of the MACD results. Personally, I look for good entries on higher and lower time frames (multiple timeframes must agree with the buying or selling). For example, if a higher timeframe looks like a good long entry (MACD line is crossing up and below the zero line), then the lower timeframes should be checked to ensure they are not oversold or overextended (the MACD line must be low or below the zero), once the lower and higher timeframes are in agreeance an entry can be made. What is Moving Average Convergence Divergence (MACD)? Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of the price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. What is the Percentage Price Oscillator (PPO)? The PPO is identical to the MACD indicator, except the PPO measures percentage difference between two EMAs, while the MACD measures absolute (or dollar) difference. The PPO has the advantage of being comparable to other assets with different prices, whereas MACD readings are not comparable. For example, regardless of the asset's price, a PPO result of 10 means the short-term average is 10% above the long-term average. A signal line can be displayed on Timeframe, including: - MACD & Signal Line crosses (Green when MACD above Signal Line and Red when MACD below Signal Line) - Histogram Direction (fast and slow EMA gap) - SuperTrend for identifying trend direction (green for uptrend, red for downtrend) - EMA Trend for identifying trend direction (above EMA = up trend and green, below EMA = down trend and red) Cross Dots and Potential cross dots - Green Dot, is displayed when the MACD crosses the Signal Line - Red Dot, is displayed when the MACD crosses the Signal Line - Yellow Dot. Potential cross up (green dot) on next bar. Displayed when if the same distance a MACD moves on a bar is applied to the next bar will cause a MACD and Signal Line Cross. This is calculated by checking if the value change of one bar is added to the current MACD value would lead to a cross on the next bar, the it is a potential up dot. - Purple Dot. Potential cross down (red dot) on next bar. Displayed when if the same distance a MACD moves on a bar is applied to the next bar will cause a MACD and Signal Line Cross. This is calculated by checking if the value change of one bar is added to the current MACD value would lead to a cross on the next bar, the it is a potential down dot. Best Fit Settings - Can be applied to the MACD, Signal Line, and Histogram to re-scale (stretch) to fit them within the space of the +2 and -2 range that each timeframe is provided on this indicator. - The lookback distance value is used to lookback a certain distance to ensure everything scaled to fit well. Labels are displayed on the right of the indicators, including: - a label identifying 'line indicator' is currently being displayed - the Timeframe corresponding to each MACD or PPO indicator - the MACD or PPO of each Timeframe
Pine Script™ indicator
by TanHef
WVF - OscillatorAnother attempt on making use of CM-Williams-Vix-Fix-Finds-Market-Bottoms from Chris Moody - which is arguably one of the best indicator available on pine and tradingview platform. Every time I revisit this, I get new ideas on applying this method. I have slightly altered formula to highest(source)-source/highest(source) from the original formula highest(close)-low/highest(close) Process is simple: Calculate WVF for OHLC values separately Calculate momentum on each of the WVF values based on distance from moving average Plot the candles based on OHLC momentum. Candle color depends on whether close, open and previous close. If close is higher than open and previous close, we get green coloured candles. If close is lower than previous close and open then we get red coloured candles. In all other cases, we will have silver candles. High/Low bands are calculated based on median of highest and lowest values of VixFix. We also plot median of close which can be used in some cases. How to use this to find market bottom. Look for one of the below conditions: First red candle above high band - which signals momentum of vix fix is about to fall. First red candle above median line - can be used only if upward momentum of wvf candles are trending well. Crossunder of wvf candles under high band. Possible exit scenarios Green WVF candle formed above WVF high line Entry is taken on first red candle above median line - but, candles turned green before WVF crossing under median line - may signal our thesis is wrong and price may drop further. Some examples.
Pine Script™ indicator
by Trendoscope
11
BTC Gravity OscillatorThis indicator is a deviation of a Center of Gravity Oscillator corrected for the diminishing returns of Bitcoin. I've set up this indicator for it to be used on the weekly timeframe. The indicator oscillates between 0 and 10, where 0 indicates oversold conditions and 10 indicates overbought conditions. The indicator plots in any BTCUSD spot, futures , BLX index and BTCEUR . It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.
Pine Script™ indicator
by nickolassteel
3
volatility-weighted price change divergenceEMA of intrabar-volatility-weighted price change minus EMA of price change. It puts more weights on candles that have large volatility inside, and assumes that the direction of those high-volatility candles are more meaningful than low-volatility ones. Therefore, we take the difference between the volatility-weighted price change and the regular price change and plot the EMA. The indicator may be used as a tool to find divergence and potential reversal, or hints of continuation of a strong trend. Note that this indicator can change a lot with different time frames and settings, so take care to backtest before using. Recommended settings are 15m resolution for time frames longer than 4H and 1m resolution (with 200 EMA length) for time frames below 4H. The resolution is used to find the intrabar volatility.
Pine Script™ indicator
by wzkkzw12345
1
Relative Moving Average Convergence DivergenceThe normal MACD is formed by the difference of two moving averages. In contrast, the relative MACD is formed by the quotient of two moving averages. In my opinion, it is only with the Relaticen MACD possible to compare values at different prices. Der normale MACD wird durch die Differenz zweier gleitender Durchschnitte gebildet. Im Gegensatz dazu wird der Relative MACD duch den Quotienten zweier gleitender Durchscnitte gebildet. Meiner Meinung nach, ist es erst mit dem Relaticen MACD möglich Werte zu unterschiedlichen Kursen zu vergleichen. La MACD normale est formée par la différence entre deux moyennes mobiles. En revanche, la MACD relative est calculée à partir du quotient de deux moyennes mobiles. À mon avis, ce n'est qu'avec la MACD relative qu'il est possible de comparer des valeurs à des prix différents. El MACD normal está formado por la diferencia entre dos medias móviles. En cambio, el MACD relativo está formado por el cociente de dos medias móviles. En mi opinión, sólo con el MACD Relativo es posible comparar valores a diferentes precios. Обычный MACD формируется разницей между двумя скользящими средними. В отличие от этого, относительный MACD формируется из коэффициента двух скользящих средних. На мой взгляд, только с помощью относительного MACD можно сравнивать значения по разным ценам. 正常的MACD是由两条移动平均线之差形成的。相反，相对MACD是由两条移动平均线的商数形成的。 在我看来，只有相对MACD才有可能比较不同价格下的价值。
Pine Script™ indicator
by Gunman
MACD Bar 1.0 [upslidedown]MACD is one of the most consistent ways a trader can determine overall trend direction. In this script, I've simplified the traditional MACD histogram into a compact bar with trend change shapes (▲▼) when the MACD histogram goes under the zero line or above the zero line. With traditional MACD I often have to zoom in, wasting precious time. This indicator fixes that problem. I use this script as a confirmation for other trigger signals, not as an entry or exit signal. I find this compact widget to be a preferable visualization of MACD on lower timeframes, while high timeframe analysis lends itself to the traditional MACD built-in with more data for decision making. This is also very useful when crafting trading strategies to quickly check for confluence of signals. In addition to the traditional EMA smoothing that comes with MACD, I exposed a series of common moving average types. These include: SMA, EMA, WMA, RMA, SWMA, VWMA, Hull, TEMA, and ZLEMA. TEMA and ZLEMA are not standard builtins, but when looking for fast confirmation they can be very useful. They can also create LOTS of noise, so consider this wisely before changing the builtin methodology. One neat trick is to pair a "fast" version of this with fast moving average type and then a slow one using traditional EMA. ▲▼ signals = trend shift in direction of triangle full color "bull or bear" color = strong trend half color (semi-transparent) "bull or bear" color = weakening trend
Pine Script™ indicator
by upslidedown
6
RedK Volume-Accelerated Directional Energy Ratio (RedK VADER)The Volume-Accelerated Directional Energy Ratio (VADER) makes use of price moves (displacement) and the associated volume (effort) to estimate the positive (buying) and negative (selling) "energy" behind the scenes, enabling traders to "read the market action" in more details and adjust their trading decisions accordingly. How does VADER work? ------------------------------------ I have always been a fan of technical analysis concepts that are simple, and that integrate both price action and volume together - The concept behind VADER is really a simple one. Let's walk though it as we avoid getting too technical: Large price moves that are associated with large volume means buyers (if the move is up) or sellers (when the move is down) are serious and are "in control" of the action On the other hand, when the price moves are small but with large volume, it means there's a fight, or more of a balance of energy, between buying and selling. Also when large price moves are associated with relatively limited volume, there's a lack of "energy" from either buyers or sellers - and moves likes these are usually short-lived. The analogy with VADER, is that we look at price moves (change of close between 2 bars) as the displacement (or action result) and the associated volume as the "effort" behind this action -- Combining these 2 values together, the displacement and the effort, gives us a representation or a proxy of the underlying energy (in a specific direction). when both values (displacement and effort) are high, then the resulting energy is high - and if one of these values are low, the resulting energy is low. we then take an average of that relative energy in each direction (positive = buying and negative = selling) and calculate the net energy. note that we're approaching the analogy here from a trading perspective and not from physics perspective :) -- we can be forgiven if the energy calculation in physics is different .. VADER Plots --------------------- the blue line with crosses represents the positive energy - or the buying strength the orange line with circles represents the negative energy - or the selling strength the thick Green / Red main line plot represents the net energy - and generally the main signal to be looking out for is when that line crosses 0 up or down - but i find it also very valuable to keep an eye on the individual energy lines as they sometimes "tell a story" like we see in the chart above, Volume Calculation: ---------------------------- - VADER by default is a volume-weighted indicator - it uses the volume associated with change in bar close value (Full mode) as an accelerator in the calculation of the directional energy - VADER introduces another method of integrating volume, by considering "relative" or "differential" volume (Relative mode) - in this mode, we consider the ratio of volume above the minimum volume observed within a "lookback" length - so practically, ignoring the minimum volume. in other words, if a price move is associated with very low volume, it gets very low "volume accelerator" (close to 0) and if the move is associated with very large volume, it gets the maximum volume accelerator (1 or close to 1) - The relative mode of volume calculation magnifies volume effect and ignores the low volume values that may just act as noise. test both modes and find which one works better for you. - VADER also has the ability to work without volume (volume calculation = None) - and will revert to that mode when used with instruments that have no volume data. In that mode, VADER will behave similar to an RSI (but not exactly like it given the underlying calculation is different) - We can also setup VADER at a specific resolution / timeframe that is different than the chart. Using VADER & Other Thoughts ---------------------------------------- The main signal to look out for, is when VADER's Green / Red line crosses the zero line. Green (above zero) represents that the net energy is with the buyers and we should favor long positions Red (below zero) reflects that the sellers have control and we should favor short positions (or consider to close longs) *** However, VADER should be used as a *secondary indicator* - given the big influence of volume on the calculation - VADER doesn't directly track price trend or momentum - VADER needs to be used in the context of other indicators that show trend and momentum - i would suggest you combine VADER with Moving Averages or other trend tracking indicators on the price chart, MACD, RSI and / or other trend and momentum indicators you're already familiar with. Suggested setup: There's more to add to VADER in future versions - alerts, control level, maybe improve visuals... etc - please share your feedback as you start experimenting with VADER.. good luck! (and of course, May the Force be with you :) )
Pine Script™ indicator
by RedKTrader
120
SARCThis indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage between Current and base assets if exist Correlation Leader : If there is a correlation , it indicates which asset follows the other (Current Asset Follows Base | Base Follows Current Asset) Correlation bars : if the box (Show Correlation Candles) on the settings was True, it will show GREEN lines above candles which have direct correlation and RED lines above candles which have inverse correlation How to use: Chose the base asset (default: bitcoin) and open any other chart to be the other -Current- asset inputs: Max Lookback length : how many candles will be included in the scan. Correlation Factor : how stronger the correlation should be to include the candle(E.g. if set to 50, if any candle correlation was less than 50 it will be ignored), If you are confused leave it as its default. Base Asset : The base asset to calculate the current asset correlation with. Show Correlation Candles : (True | false) explained above on the main features. Note: this indicator uses every single candle and compare it to the base same time candle, after some time I will post another similar indicator, BUT the new one will use the whole direction of the assets instead of each candle alone, I hope one of them can help you. For any notes on the indicator to be edited, or for another indicator ideas please comment.
Pine Script™ indicator
by Sultan_shaya
2
CA - Indicators ColorsThe following indicator help to have an idea of the current state of the MACD and FullStochastic in 1 hour and 1 day. If you are a trader that is regularly using stochastics and macd indicator and don't have enough space in you screen this might help to increase the space in your screen. Parameters used on MACD: 12, 26,9 Parameters used on Stochastics: 14,5,5 The whole idea of the indicator is if you see an entry for a long position, you can confirm that a higher timeframe its aligned by both indicators and if you are seeing an entry for a short position you can confirm with a higher timeframe. This indicator doesn't provide an entry or exit signal, but lets you verify where is the trend going in those timeframes so it helps you decide to make the trade. Stochastic Green: going up Red: going down Macd Green: going up Light Green: previous was green and going down. Red: going down Light Red: previous was red and going up Keep in mind, the colors are going to get updated as long as the market is active. Any feedback its appreciated.
Pine Script™ indicator
by camiloaguilar1
Selected MACD Areas CompareThis is a simple tool to compare two selected MACD histogram area. The MACD histogram area is sometimes used to determine trend reversal or trend strength. One may have difficulty with this when the compared MACD areas are of different shape or similar in size. This indicator/tool allows user to select two time periods on the chart and get a precise compare result. To use the indicator, place a regular MACD indicator on the chart which shows the histogram, then add this indicator and select the two areas of which you want to compare the size. Please make sure that the regular MACD indicator this one have the same source.
Pine Script™ indicator
by chongqing2020
2