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Centered Oscillators

Dynamic Momentum Oscillator (DYNAMO) by M.YALCINIn July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation. The Dynamo oscillator is a normalizing function that adjusts the values of a standard oscillator for trendiness by taking the difference between the value of the oscillator and a moving average of the oscillator and then subtracting that value from the oscillator midpoint. Dynamo Oscillator is calculated according to: Dynamo = Mc - ( MAo - O ) where: Mc = the midpoint of the oscillator MAo = a moving average of the oscillator O = the oscillator Usage: This concept can be applied to most oscillators to improve their results. This example applies it to an RSI oscillator in MetaStock: 50-(Mov(RSI(14),21,S)-RSI(14)) where: Mc = RSI's midpoint = 50 MAo = Moving average of the RSI = Mov(RSI(14),21,S O= RSI Oscillator = RSI(14) Also with this indicator, you can adjust the moving average type and RSI calculation types dynamically.
Pine Script™ indicator
by mayyalcin
[blackcat] L1 Blackcat Customized CCI IndicatorLevel: 1 Background This CCI indicator is blackcat customized version with enhanced features. Function This CCI use green line to indicate strong long trend with cci values > 0 and red line to indicate weak long trend with cci values <0. It also use yellow and fuchsia candles to present the strong and weak long trend. A green candle is used to indicate long entry, while a red candle is usded to indicate long flatten signal. Key Signal green line --> strong long trend red line --> weak long trend blue line --> trend strength indicator SELL label --> flatten long or short entry BUY label --> long entry TOPDIV label --> top divergence indicator BOTDIV label --> bottom divergence indicator Remarks Feedbacks are appreciated. Readme In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts. The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works. Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element. Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level. Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated. Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop. Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Pine Script™ indicator
by blackcat1402
13
MACD Moving Average Convergence/Divergence - DurbtradeDurbtrade MACD - macd line changes color based on vertical direction. This makes it easier to see and discern movements and also helps the indicator to retain maximum functionality when taking up less chart real estate (also, having the color change really helps me see charts on small screens... such as when it's bright outside and I'm driving in my car and glancing at a chart on my phone... it helps having the info pop visually). A fill option is included to fill the space between the macd and signal lines, though I personally prefer to disable this function. Also, you get a zero line if you want it, and it doesn't extend past the current time, removing unnecessary info and keeping your chart looking a bit cleaner. Finally, there are color-coded, cross-over and cross-under background fills, signaling when the macd line crosses the signal line. This is my 2nd published script, and 2nd script ever. If you like this style, see my 1st published script: Durbtrade Bollinger Bands Width. Hope you find this useful. Feel free to comment.
Pine Script™ indicator
by Durbtrade
17
Multiple Screeners with AlertsI already published few version of my custom screeners. Unfortunately, because of TradingView's security function call limit you can't use more than 40 stocks in 1 screener. Fortunately, you can compute multiple values in your function and screen few indicators at once. In this script I show how you can compute 5 indicators at the same time for 40 instruments. I display then in different labels. Every label consist of list of instruments satisfying current indicator conditions and a value for it. It can be absolute value as for RSI or -1/1 representing Bullish/Bearish event. Also you can create 1 alert with result of all screeners inside. In this example I took 5 indicators with following conditions: RSI - "RSI < 30" or "RSI > 70" TSI - "TSI < -30" or "RSI >30" ADX - "ADX > 40" MACD - "MACD Bullish Cross" or "MACD Bearish Cross" (1 and -1 in screener) AO - "AO Crosses 0 UP" or "AO Crosses 0 DOWN" (1 and -1 in screener) Params - bars_apart - this parameter define how may bars apart you labels are on your chart. If you see labels overlapping, increase this number. - Parameters for all used indicators - 40 symbol inputs for instruments you want to use in this screener Alerts You can create an alert from it easily by selecting screener name from the list and then selecting "Any alert() function call". No additional configuration is required, message and alert on close is generated in the code. You should better change default name for your alert. Sometimes because of big amount of inputs you might receive an error. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
51
Highlighter Strategy V2// Based on Normalized Smoothed MACD by Dreadblitz Old one was just an oscillator, I changed a few things 1) It now paints the line green/orange 2) The trigger (green/red) is now based on a signal 3) The signal is basically isUp, but with some additional controls, e.g. 4) (new) There is an embedded stoploss. This is a growth/decay function that decays slower than it grows. 5) Signal is filtered additionally by the stoploss (no green under the decaying line)
Pine Script™ indicator
by adamhammer2
All in one [Liubam]Hey tradingviewers! This is an All in one Indicator for those who can't add too many indicators on your charts. Inspired by ©LonesomeTheBlue "Indicators all in one" script. I found a lot of very interesting scripts on the public library and I decided to make a tool with some of the greatest IMO, adding some modifications to improve the indicators. With this tool you can plot 1 of 6 different indicators by selecting it from a drop-down list (on the indicator settings). All the credit goes to it's respective owners (taggeds). THIS INDICATOR INCLUDES: 1. Classic RSI with some OB/OS tools: The relative strength index (RSI) is a popular momentum indicator displayed as an oscillator (a line graph that moves between two extremes) that measures the magnitude of recent price changes to evaluate overbought or oversold conditions, in other words it shows signals about bullish and bearish price momentum. I added some visual improvements to help you finding the OB/OS zones. 2. Classic CCI with some OB/OS tools. The Commodity Channel Index​ (CCI) is a momentum-based oscillator used as market indicator to help determine market movements that may indicate buying or selling. Added some vistual improvements to the chart. 3. ADX and DMI oscillator with the keylevel coded by @console: The Average Directional Index (ADX) is non-directional indicator used by some traders to determine the strength of a trend. When the ADX line is rising (Above the keylevel) trend strength is increasing, and the price moves in the direction of the trend whether up or down. Otherwise, low ADX (Below the keylevel) is usually a sign of accumulation or distribution (Range). Non-trending doesn't mean the price isn't moving. It may not be, but the price could also be making a trend change or is too volatile for a clear direction to be present. Suggested settings of the keylevel is 23-25.... REMEMBER: The trend may be your friend. 4. MFI The Money Flow Index (MFI) is a technical oscillator for identifying overbought or oversold signals in an asset. Unlike conventional oscillators such as the RSI, the Money Flow Index incorporates both price and volume data, as opposed to just price. It can also be used to spot divergences which warn of a trend change in price. 5. Stochastic: A stochastic oscillator is range-bound, meaning it is always between 0 and 100. This makes it a useful indicator of overbought and oversold conditions. Traditionally, readings over 80 are considered in the overbought range, and readings under 20 are considered oversold. However, these are not always indicative of impending reversal; very strong trends can maintain overbought or oversold conditions for an extended period. Instead, traders should look to changes in the stochastic oscillator for clues about future trend shifts. I added some features for this popular indicator to show the stochastic crosses. 6. The famous Squeeze momentum Indicator made by @Lazybear: This is derivate of John Carter's "TTM Squeeze" volatility indicator and its very strong when using with trending indicator such a ADX. Black line (or no-line) on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray line signify "Squeeze release". Mr.Carter suggests waiting till the gray line after a blackline, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ This script is source code protected, but you can add to your favorite list to use it. Also you can add twice to use 2 different indicators at the same time (E.g. Squeeze Momentum Indicator + ADX) An additional indicator I made (MA Hunterz + InfoPanel) is needed to not miss good entry points. Your valuable comment and feedback is much appreciated... And remember indicators can be really helpfull but always use Price Action.
Pine Script™ indicator
by Liubam
4
MACD oscillator with EMA alert version 4HThis is the study/indicator alert version of the macd + ema strategy. The strategy details are the following : Is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average. Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes. It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years. As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on. Components: MACD EMA Time condition Long/short option For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous. For short /exit long , when close below ema , histo negative and current candles smaller than previous If you have any questions please let me know !
Pine Script™ indicator
by SoftKill21
5
CCI Overbought & OversoldThe Commodity Channel Index​ (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way. KEY TAKEAWAYS The Commodity Channel Index (CCI) is a technical indicator that measures the difference between the current price and the historical average price. When the CCI is above zero, it indicates the price is above the historic average. Conversely, when the CCI is below zero, the price is below the historic average. The CCI is an unbounded oscillator, meaning it can go higher or lower indefinitely. For this reason, overbought and oversold levels are typically determined for each individual asset by looking at historical extreme CCI levels where the price reversed from This script calculates Commodity Channel Index (CCI) value and fills background of price action chart with colors: Green zone indicates oversold zone where you can enter position Red zone indicates overbought zone where a positions should be closed
Pine Script™ indicator
by Skyrexio
2
Average Directional Index + ΔDI± (Delta)Average Directional Index (ADX) and Difference between DI+ and DI- (ΔDI±), I call it Delta for short. The idea explained: ADX is a common indicator for analysing trend strength. Values over 25 usually indicate the symbol is in "trend mode", meaning there is a lot of momentum, upwards or downwards, - while values under 25 suggest it is in "range mode", the price moves sideways, lacking energy. Note that this indicator is not volume-based. I moved the graph (red) down 25 points; this version shows positive values in "trend mode" (>25), and negative values in "range mode" (<25). The line sits at 0. The underlying code for the ADX is basically identical to the official TradingView built-in version. Now the exciting part: DI+ and DI- are used to calculate the ADX. They are sometimes included in the ADX indicator chart, I included a version that shows them in the graphic, at the bottom. Traditionally, DI+ (green) crossing DI- (dark red) from below shows the beginning of an upward trend, and therefore a good LONG entry position. However, I noticed that this is usually not the case: this method responds very slowly to the actual price movement. At the point the indicator tells you to enter, the trend is usually already exhausted. I found a better way to use this data; instead of waiting for both graphs to cross, meaning the difference in their respective values is 0, we look for the greatest possible difference. That is what the purple graph of my indicator shows (ΔDI±). It utilizes the zero-line we already created for the ADX. High positive values declare that the DI+ is much greater than the DI-, and vice versa. Delta is the greek letter used in mathematics for difference, so that is what I call this indicator. How to use it: When you look at the graph, low Delta values seem to be good entry points for LONG positions, high Delta values good exits. This is similar to how RSI and CCI work, which is why included them in the chart above (). However, this is only reliable, when the ADX is above 25, or 0 in this version, indicating the symbol is in "trend mode". This is important . When you look at the examples in the chart, you can confirm that. The marked candles show good entry and exit points, with Delta being notably low/high (±25 seems to be a good threshold, the dashed lines sit at +30/-30), and the ADX above 0 (25). Now, you might have noticed that around mid-december the Delta actually registers the highest value for this symbol in the given time frame, indicating a strong SHORT after a steep climb. But, importantly , the ADX is not in "trend mode" as required for a clear signal, it is in "range mode": the price discovers this new level and takes a few days to get used to it. It does not fall. This shows why only the combination of both Delta and ADX gives desirable results. I noticed that this seems to work best for 1D and 1H candles; if you find any other time frames or scenarios, let me know! PLEASE NOTE THAT THIS IS BASED ON PERSONAL, EMPIRICAL OBSERVATIONS. PAST RESULTS DO NOT GUARANTEE SUCCESS IN THE FUTURE. DO NOT TAKE THIS AS INVESTMENT ADVICE! Thanks to TradingView and robertkowalski for providing the basis on which the code is built. Credit goes to the appropriate developers/owners. () Let me know if you make any other observations, or find other ways to use the data!
Pine Script™ indicator
by henlin
3
DT Dual-Lookback DLBThis script is based on the concept of Robert Miner Book "High Probabilities Strategies" This script shows at the same time two timeframes and the overlapping area. The green and red area shows the higher time frame period just as Robert Miner did this in his videos. Because Robert Miner just says: 8.. 13.. 21.. i used this also as type for the setup. This is not a complete trading strategy, but if fibonacci retracement/extensions in price and time and elliot waves position and DT Dual-Lookback comed together there is a perhaps a signal. Please read his book and look at his website and his DT reports to learn more about his strategy.
Pine Script™ indicator
by miwawoku
4
MACD Multi-Timeframe IndicatorHello everyone, this is indicator has always been my go-to MACD indicator for many years. It is such a beautiful easy to understand indicator. You can also view different timeframe resolutions which is helpful. When the MACD crosses up the signal line it is green, and when it crosses below the signal line it is red. The signal line is the constant yellow line. MACD histogram is dark green when increasing buying momentum, and you'll see the green get lighter when buy momentum is decreasing. As well, MACD histogram is dark red when increasing sell momentum, and you'll see the red get lighter when sell momentum is decreasing. I hope you guys love this macd design. Happy trading! The MACD indicator can be used in many ways but my favorite way to use MACD by itself is by going long when macd < 0 & macd crosses above signal line, and going short when macd > 0 & macd crosses below signal line. I added those alerts for anyone interested.
Pine Script™ indicator
by Trebor_Namor
11