Super Momentum OscillatorA new momentum oscillator. I uploaded this previously but it got deleted I believe because apparently my chart was too cluttered.
Hopefully this is good enough... made some updates as well since then.
What you have is six (!) momentum oscillators that can be weighed together however you please. They are centered on 0 with a fill so its also easy to overlay them (as shown).
Since momentum oscillators vary heavily chart to chart, in terms of resolution, I added that as an option so you can keep the hlines as they are.
Can be useful for spotting higher time frame moves on lower time frames without any of the repaint or needing 6 chart screens. Also a solid improvement over the indicators where people just throw a dozen different length plots together and you have no idea where to look in the end. IMO, at least.
Mix and match high and low lengths however you please.
Also it looks wicked with rasta colors. SMOke (super momentum oscillator kills everything)... your way into financial freedom, mon!
Centered Oscillators
MacD Custom Indicator (updated to version 4)I updated existing script “ MacD Custom Indicator-Multiple Time Frame+All Available Options! ” originally created by ChrisMoody to Pine Script 4. version, so you can use it within your own strategy for algotrading or trading bots.
Coppock Curve StrategyCoppock Curve Strategy
Description:
The Coppock Indicator is a long-term price momentum oscillator which is used primarily to pinpoint major bottoms in the stock market. Crosses above the zero line indicate buying pressure, crosses below the center (zero) line indicate selling pressure.
This script generates a long entry signal when the Coppock value crosses over a signal line, and/or generates a short entry signal when the value crosses under a signal line.
Also it generates a long exit signal when the Coppock value crosses under a signal line, and/or generates a short exit signal when the value crosses over a signal line.
Signals can be filtered out by volatility, volume or both. To minimize repainting use higher percentage values of Time Threshold parameter.
Correlation MeterThis script calculates the covariance and correlation coefficient between two markets using arrays.
Lookback: How many bars to perform the calculation on.
Source: Price source to calculate the correlation on.
Reference Market: The reference market to compare to the current market.
It's a simple indicator, but very useful for determining how correlated your preferred markets to trade are.
A correlation reading of +1.0 means the markets are perfectly positively correlated, a reading of -1.0 means they are perfectly negatively correlated.
If you're not sure what correlation & covariance are then Google the terms with "Investopedia" added to the end - they have some great definitions and examples.
For traders this can be useful for deciding how much risk to spread across two markets that have a high correlation, or how to hedge existing positions by trading a negatively correlated market.
For investors this can be useful for building a truly diversified portfolio.
If a market has a high positive correlation, the black line will stay above zero most of the time. If a market has a high negative correlation, the black line will stay below zero most of the time.
A market with no or little correlation will bounce between the two or hover around zero most of the time.
The example market above is comparing Apple's weekly price action to the S&P500's over the past 20 weeks. It has a high positive correlation as the black line is above zero most of the time.
Good luck with your trading!
Price Action IndexI've created a simple oscillator which I think does a good job of easily showing you when price is worth watching or not. I think all too often you get stuck looking at something like an RSI and end up trading noise.
From my observations and experiences, I've found that there are 2 major catalysts for price movement--
Price is either trending and reaches a top or bottom, or
Price is consolidating and ready to make a move in some direction
These movements can be seen quite well from a Bollinger Band, which is what mostly gave me the inspiration. When I watch a chart with a BB on it I see that either you're looking to trade price moving out of a squeeze or riding price up/down the band until it crosses over and makes a move to the moving average.
My solution was to multiply the direction of price by the strength of its deviation.
Price gets converted into a signal between -1.0 (bottom of the range) and 1.0 (top of the range)
Standard Deviation gets converted into a stochastic signal between 0 (next to no deviation from mean) and 100 (highest deviation in lookback)
These 2 get multiplied by each other
The result tells you if price action is trending bullish and if its approaching max strength (perhaps Overbought), example: Price is hitting highs (1.0) and deviation is also at its highest (100) = 100, opposite for bearish
Result can also tell you if price is at the top of the range but the deviation is so tiny and we're mostly pinned to the mean (1.0 * 5 = only 5)
How to Trade this Indicator--
If the indicator is stuck near the middle and purple:
- Don't make directional trades or you'll be eaten alive by the chop
- Good idea to sell options, Iron Condors/Butterflies, etc
- Wait for a move to breakout --> the purple will fade away and give way to a direction
--- As in all trading scenarios, be mindful of fakeouts/short moves to one direction that very quickly get reversed
If the indicator is heading higher:
- This would indicate there is a bull trend going on, get long
- If we are reaching the overbought area, this is an ideal place to take profits or look at spreads like Bearish Call Spreads (sell calls)
- I think you can make your own determination of when to sell by either selling when we're in the overbought area (if it reaches there) or staying bullish so long as it is above the zone
If the indicator is heading lower:
- Bear trend, shorting is possible
- Can use this as a contrarian signal to buy lows
A couple of charts with the indicator and a purple squeeze box I've drawn (can sometimes get noisy in real-time, but hindsight is 20/20)--
Bitcoin on Daily with default 20 length
Gamestop on 30 minute time frame with 100 length
Please feel free to use this indicator for your trading or your own indicators. This particular script is very stripped down/bare bones from what I have been working on as an ongoing project. If TradingView ever returns scripts you can sell, I would probably open that up for a small premium.
Customizable Percentage Price Oscillator (PPO)The PPO is basically the MACD but in percentage terms. This is better for comparing momentum across different securities.
This script is a standard PPO but with many options for customization. You can set the moving average type of the signal and the oscillator lines separately. You can also weight any moving average of the PPO by volume.
Supported Types of MA:
SMA
EMA
ALMA
HMA
WMA
Personally, I believe weighting by volume is helpful across markets but especially helpful for equities. I like to use 3,10,16 settings similar to Linda Raschke but with EMA instead of SMA. This indicator is especially useful for signaling trend continuation and generating exit signals. For entries, I believe this indicator should not be blindly followed and works better when combined with a trend or price action signal.
If there are requests for more types of moving average to be used with the PPO, I would be down to implement them, but I believe most moving averages are pretty similar.
Polarized Fractal EfficiencyPolarized Fractal Efficiency
Description:
Technically, Polarized Fractal Efficiency (PFE) is a measure of market choppiness. It is an indicator derived from fractal geometry, the mathematics that describes chaotic systems.
This technical indicator was developed by Hans Hannula to determine price efficiency over a user-defined period. This indicator fluctuates between -100 and +100, with 0 as the centerline. Securities with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. Polarized Fractal Efficiency's signature characteristic is its use of fractal geometry in determining how efficiently a security's price is moving.
This script uses a customized version of PFE formula and generates a long entry signal when the Polarized Fractional Efficiency (PFE) value crosses over a signal line, and/or generates a short entry signal when the PFE value crosses under a signal line.
The Polarized Fractional Efficiency indicator can be used to determine price efficiency over a user-defined time period. Assets with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. The strengh of the trend is measured by the position of the PFE relative to the zero line.
As a general rule, the further the PFE value is away from zero, the stronger and more efficient the given trend is. A PFE value that fluctuates around the zero line could indicate that the supply and demand for the security are in balance and price may trade sideways.
Bixord: THV3 TRIXTHV3 Trix helps you catch reversals. But remember, don't go against the trend.
You can use an EMA 50 to detect the overall trend or any other trend indicator of your choice
How to use:
Go long when price is > 50 EMA and THV3 TRIX turns green
Go short when price is < 50 EMA and THV3 TRIX turns red
MACD BandsThis is MACD indicator on the price chart. You can read the same information as the original MACD but much more.
You can use it the same way as MACD but it won't use any space below your chart. Also you can use signal line and cloud as trend confirmation: e.g. if above them it can be a stronger uptrend.
The signal line (yellow by default) can be used as a support-resistance line.
If teal line is above maroon line, MACD is positive, otherwise it is negative
MACD value is the width of the cloud
Cloud color is green when MACD histogram is positive, red if negative
You can change MA types
MACD and histogram values can be seen in Data Window
Similarity Search, Karobein and Seasonal Random IndexSimilarity Search, Karobein oscillator (KO) and Seasonal Random Index (SRI)
Description:
This indicator uses dynamic capabilities of Pinescript version 4 coupled with Seasonal Random Index (SRI) and Karobein Oscillator (KO). SRI (green/red areas) is employed to detect trends and KO (black curce) is used to find historical similarities to predict the next bar's direction. The midline arrows are the predictions produced by the similarity search algorithm.
Dominant Cycle Adaptive MACDThis Indicator is based on classic MACD but with an exceptional smoothing.
This smoothing eliminates the noise of the classic MACD as you see in the Chart
Adaptive MACD is compiled using with two adaptive moving averages, one adaptive to the dominant cycle and the other adaptive to twice the dominant cycle. As the basic behind the MACD is the difference of two moving averages we cannot find much difference between the conventional MACD (12, 26) and the adaptive MACD. However the adaptive MACD is less prone for less whipsaws and it catches the trends very well at the same time the catches the turning points in time. The Adaptive MACD is definite one notch better than the conventional MACD.
Dominant Cycle Period is calculated using Ehler's Method {Mentioned in the code}
This is how the Adaptiveness Impacts the Price Chart
1. (12, 26 EMA) VS Adaptive Dominant Cycle EMA
2. See how the Adaptive Lengths {both FastLength and SlowLength changes with time!}
Enjoy!
Fractal DimensionJohn F Ehlers' Fractal Dimension
Description:
Fractal Dimension is a measure of how complicated a self similar shape is. For instance, a line is smaller and more basic than a square.
The lower the Fractal Dimension the closer a stock chart is to a straight line and therefore the stronger the trend. High readings on the other hand reveal a complex fractal; the shape of a range bound market.
These two different market types require very different strategies in order to maximize profits and minimize losses.
BOSCILLATOR. A BOSS OSCILLATORI would like to first say I do not the indicator pieces. Would like to personally give thanks and credit to @MarkBench for coding this indicator and helping to get my vision for this system finally able to be published and used by anyone. I would also like the thank @lazy bear and @ChrisMoody for their bringing the Firefly oscillator and the SCHAFF TREND and the PPO price percentage oscillator to trading view. and @scilentor for his version of Godmode with LSMA . Thanks to @Shizaru for bringing Frama moving average (which we have adopted into the PPO as one of the base selections for the first time, as well as the ALMA ). Divergences have also been added. and components of the firefly have been removed such as the histogram. I have added two oscillators in the picture. The bottom is the standard settings. The above is how I prefer mine to look after tweaking the settings.
Before I get into explaining how its used. I want to say all the indicators are open and none privately owned or at least owned by indivduals who brought them to trading view. Any due permission is granted at my disclocsure. I also want to say this is not your typical mashup of indicators as the is a very clear way to view and use this specifically. Also I want to say original tools from their original scripts are also improved. For example the PPO being used we have added the FRAMA and ALMA moving average basis option which it did not have before. And now everything has clear divergences and some other minor changers. but here are the rules and examples.
THE BOSCILLATOR - A MULTI-LEVEL CONFLUENCE/CONFIRMATION FILTER VISUALIZATION
Some shorthand
(Main oscillator - firefly)
(background wave thing - PPO )
(the red vertical up and down line with red and green dots - STC )
(the blue, yellow and red dots - warning dots)
WHO IS THIS INDICATOR FOR? - This indicator itself is not meant to be a signal giver to buy or sell right now even though it could be and some of the original scripts are used as such. This indicator is actually meant to be a VISUAL CONFIRMATION & FILTER for trades taken in other methods outside of this indicator. What are some of those methods that may benefit from having this? Pivot point traders, FIB traders, Bollinger band traders, Moving average traders.. just to name a few. This indicator itself is meant to in a quick glance allow the trade to see the condition of many different elements outside of the main price and chart, and determine if that trade looks like it has too much risk, or if that trade looks suitable. It also provides a series of confirmations that could be used for adding to a position at different levels at the trade's discretion.
OPTIMAL CONDITIONS FOR CONSIDERING A SHORT = The PPO is orange/red + the STC is at the TOP + the Firefly is above the midline. The warning dots are being printed at the top. There is regular or hidden bearish divergence present.
OPTIMAL CONDITIONS FOR CONSIDERING A LONG = The PPO is light/dark green + the STC is at the BOTTOM + the Firefly is below the midline. The warning dots are being printed at the bottom. There is regular or hidden bullish divergence present.
Triggers for scaling/adding into your position = Keeping in mind that this oscillator on its own is not meant to be the sole reason for taking a trade, here are some triggers you will see for getting into position (preferably with the optimal conditions being met) The firefly flips from a green line into a red slide and vise versa. The firefly crosses the midline up or down. The STC begins going up/down and triggers a green or red dot while crossing one of the levels at 20 or 80. The warning dots being made begin to be printed lower/higher than the dot before last. The PPO shift from one color to the next in the favored direction of the trade you wish to make.
Signs for taking profit and protecting your trade = The Dots begin to print, the PPO changes colors at the top or bottom. the STC arrived are the top.
FILTER SITUATIONS TO AVOID TRADES = Wise to not take a trade if the PPO and the firefly do not agree. For example - if the PPO is showing green yet the firefly is still red may be an indication that it is getting a bit late for you to enter the trade. Same with opposing divergences and warning dots contradicting the trade you are looking at. The STC being already on the bottom or top may be a small indication that trade may already have been a little too ripe, but on its own is not always the case.
When selecting the PPO settings and moving average you are going to want it to be in favor of what you are trying to accomplish.IF you are one low time frames and trying to swing or scalp trade... chances are you want a reactive MA setting that iss responsive. Iwould recommend the HULL, ALMA, TEMA DEMA. For the Higher time frame the EMA or the T3 WDma can be wuite patient and helpful for a constant reminder of caution
Some notes - for the swing and scalp trading... in my experience the PPO moving average basis sees more responsive changes with the FRAMA , ALMA , HULL settings. for entering a trade, at least a couple of your triggers being present increases the success rate by a lot.
This chart illustrates the usefullness of having a Zero lag function for the firefly. The firefly should not be taken for signals or trades itself. However it is the most precise finder of divergences within the system. It is aways good to flip on and off zero lag just to take a quick look for divergences you might have mixed.
In this chart illustrates the general visual look and order of events to guide you along your way. Starts with the PPO turning green or red or orange which is potentially time to get out of your current trade. Then it switched colors when reversal begins and that is when you want to at the same time see the STC, the firefly, and lower caution dots coming in around the same area (highlighted in blue squares). Now near the end you see a red box. This is a filter aspect. The PPO is green, yet the others are saying down/short. This does not mean it must be a long, however it is great warning to maybe avoid getting to bearish for the downside in that time. You want the PPO and line up with the others and it should be visually apparent that they all want to go the same way.
Here is a list of some key elements (before changes this script made) of parts this oscillator includes. My original publication of my oscillation setup was blocked by the mods here.. this one however includes a large variety of items that have been altered from their original formats and a well-explained trading system to use it with.
// Firefly
Firefly Oscillator
// PPO
PPO PercentileRank Mkt Tops & Bottoms (@PuppyTherapy)
// Divergence
Divergence Indicator (any oscillator)
// Godmode
Godmode3.2+LSMA
// Schaff
Schaff Trend Cycle
// Frama
(FRAMA) Fractal Adaptive Moving Average
Machine Learning: kNN-based Strategy (update)kNN-based Strategy (FX and Crypto)
Description:
This update to the popular kNN-based strategy features:
improvements in the business logic,
an adjustible k value for the kNN model,
one more feature (MOM),
a streamlined signal filter and
some other minor fixes.
Now this script works in all timeframes !
I intentionally decided to publish this script separately
in order for the users to see the differences.
Ehlers Instantaneous Trend Line VS Kalman 1-dimensional filterThis indicator is showing difference between Ehlers Instantaneous Trend Line and Kalman 1-dimensional filter.
It is useful to see overbought and oversold areas of the chart.
I am using it on BTCUSD pair on 30, 45, 1H intervals.
I hope you will find it as useful as I do.
Put Call OscillatorThis is a volume-based oscillator used for detecting market sentiment.
This plots two moving averages of the CBOE S&P500 PCR (put call ratio), and a histogram to measure the distance between them. The histogram will generate signals of green (bullish) or red (bearish), depending on whether put volume is decreasing or increasing.
The moving averages are adjustable. They are set at 4 and 16 by default. Increasing the moving averages will generate less signals, while decreasing them will generate more signals.
The background will change color from red to green depending on whether the PCR is above or below 1.
I used capriole_charles script "Put/Call Ratio (PCR)" to help me build this.
Trend MagicTrend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame.
It also works well with Crypto and Stock Markets.
Trend Magic consists of two main calculation parts as momentum and volatility:
First part is ATR based (like ATR Trailing Stop) logic, second part is all about CCI which also determines the color of Trend Magic.
Blue: when CCI is positive
Red: when CCI is negative
Also added alert condition regarding price crosses :
when LOW CrossesAbove TM
and HIGH CrossesBelow TM
Enjoy
Kıvanç Özbilgiç
InfoPanel ExplainerCredits to @RicardoSantos for the infopanel script (www.tradingview.com)
Publishing this to hopefully start a common practice for indicators with multiple signals/rules to add an explanation of them into the indicator itself.
This would make it easier to learn new indicator setups when the reference material is all on one webpage.
May or may not be helpful to others but I needed it for something.
The indicator has inputs for where the label should go, the text size, whether or not to display the infopanel, and changing the colors for the text and background. I tried making it user friendly as possible
The example used is showcasing what the plots are in the ichimoku cloud indicator.
Volume Weighted MACD with Named PlotsLiterally just copied VWMACD but named the plot lines to make setting alerts more clear.
