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Chande

Combo Strategy 123 Reversal & Chande Momentum OscillatorThis is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This indicator plots Chande Momentum Oscillator. This indicator was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we recommend the book The New Technical Trader by Tushar Chande and Stanley Kroll. The CMO is closely related to, yet unique from, other momentum oriented indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc. It is most closely related to Welles Wilder`s RSI, yet it differs in several ways: - It uses data for both up days and down days in the numerator, thereby directly measuring momentum; - The calculations are applied on unsmoothed data. Therefore, short-term extreme movements in price are not hidden. Once calculated, smoothing can be applied to the CMO, if desired; - The scale is bounded between +100 and -100, thereby allowing you to clearly see changes in net momentum using the 0 level. The bounded scale also allows you to conveniently compare values across different securities. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ indicator
by HPotter
4
Combo Strategy 123 Reversal & Chande Forecast Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The Chande Forecast Oscillator developed by Tushar Chande The Forecast Oscillator plots the percentage difference between the closing price and the n-period linear regression forecasted price. The oscillator is above zero when the forecast price is greater than the closing price and less than zero if it is below. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ indicator
by HPotter
Trend Scores + Volume-Weighted Trend ScoresHere is a simple indicator based on Tushar Chande's TrendScore . The main purpose of the TrendScore is to determine the strength and direction of a trend, which it does by comparing the current price to the prices within a user-defined window of historical prices. In the input menu, the user defines the starting and ending period. The current price is then compared to each historical price. If the current price is greater than the given historical price, then the TrendScore is incremented, while it is decremented if it is below the given historical price. TrendScore values fluctuate between a maximum of 100 and a minimum of -100, with 100 meaning that the current price is greater than each historical price in the window and a value of -100 meaning the inverse is true. We then use the same process to calculate the volume trend score by passing in volume to the 'getTrendScore' function. Lastly, the indicator also also calculates a 'volume-weighted trend score'. This is simply the average of the price trend score and the volume trend score. It is not plotted by default, but users can set the input option to true in the input menu and it will be plotted as a yellow line (as seen in the bottom chart). The Chart: The trend scores for price are plotted as a histogram. We've summarized the meaning behind its color changes below: -If ( trendScore == 100) then color = dark green -if ( trendScore < 100 and trendScore is increasing) then color = light green -if ( trendScore > 0 and trendScore is DECREASING) then color = pink -if ( trendScore < 0) then color = red The volume trend score is plotted as a blue line. We felt that using a similar coloring system for the volume trend scores would over-crowd the chart and take away from the simplicity that makes this indicator useful. The volume-weighted trend score is plotted as a yellow line. The main price bars change color based on the price trend score to make the values easier to visualize as well. Interpretation: This is a pretty versatile indicator. We summarized the ways in which traders can use it: -Enter Long Positions when the trend score crosses zero from negative to positive territory. -Exit Long Positions when the trend score was previously 100 and begins decreasing (ie bar color changes from dark green to pink). -Spot bearish divergences when price trend score is 100 or relatively high and the volume trend score decreases significantly. -Identify bullish divergences when price trend score is relatively low and volume trend score is increasing. ~Happy Trading~
Pine Script™ indicator
by ProfitProgrammers
5
Momentum TraderThis study combines two versatile momentum indicators : Chande Momentum Oscillator: -Measures trend strength, with higher absolute values meaning greater strength. -Also tracks divergence. When price increases, but is not accompanied by an increase in Chande Momentum Oscillator values, it signifies bearish divergence and a reversal is likely to follow. -Shown as the teal and pink histogram. Percentage Price Oscillator: -Similar to the MACD, except that it expresses the difference between the two moving averages in terms of a percentage. This makes it a little easier to visualize. -PPO values greater than zero indicate an uptrend, as that means the fast EMA is greater than the slow (and vice versa). Entry and Exit Conditions: Enter When: 1) Chande Momentum crosses over zero from negative to positive territory. AND 2) It has been less than 3 bars since Chande Momentum was less than the lower green line. AND 3) Chande Momentum is rising(positive slope). Exit When: 1) Chande Momentum is greater than the upper line. AND 2) It has been less than 6 bars since the PPO value was greater than the upper bound. AND 3) PPO is less than 5 (meaning the difference between the two EMA's is less than 5%). AND 4)PPO has a negative slope. This study comes with alert conditions for long entries and exits. ~Happy Trading~
Pine Script™ indicator
by ProfitProgrammers
2
Dynamic Momentum IndexThis indicator was originally developed by Tushar S. Chande and Stanley Kroll. They described it in their book The New Technical Trader (1994). The period for DMI calculation depends on the market volatility. DMI uses a longer period as volatility decreases and a shorter period as volatility increases, making it more responsive to changing prices than RSI which uses a fixed period. That's why the indicator is called "dynamic". You can specify the DMI period bounds (defaults are 5 and 30) in the indicator settings. The calculation is based on the standard deviation of prices. The authors used a custom volatility index to adjust RSI period - the similar concept was used in the original VIDYA (yes, it was based on the standard deviation). Source code on request
Pine Script™ indicator
by everget
30
Moving Average CrossoverIt was planned as an addition to Moving Average Smoothness Benchmark and Profitable Moving Average Crossover , but can be used standalone. Supports 62 types of well-known moving averages and allows full-featured customization. Supported types of averages and filters: AEMA , Adaptive Exponential MA (by Vitali Apirine) AHMA , Ahrens MA (by Richard D. Ahrens) ALMA , Arnaud Legoux MA (by Arnaud Legoux and Dimitris Kouzis-Loukas) ALF , Adaptive Laguerre Filter (by John F. Ehlers) AMA , Adaptive MA (by Vitali Apirine) ARSI , Adaptive RSI BAMA , Bryant Adaptive MA (by Michael R. Bryant) BF2 , Butterworth Filter with 2 poles BF3 , Butterworth Filter with 3 poles DEMA , Double Exponential MA (by Patrick G. Mulloy) DWMA , Double Weighted (Linear) MA EDCF , Ehlers Distance Coefficient Filter (by John F. Ehlers) EDSMA , Ehlers Deviation-Scaled MA (by John F. Ehlers) EHMA , Exponential Hull MA EMA , Exponential MA EVWMA , Elastic Volume Weighted MA (by Christian P. Fries) FRAMA , Fractal Adaptive MA (by John F. Ehlers) GF1 , Gaussian Filter with 1 pole GF2 , Gaussian Filter with 2 poles GF3 , Gaussian Filter with 3 poles GF4 , Gaussian Filter with 4 poles HFSMA , Hampel Filter on Simple Moving Average HFEMA , Hampel Filter on Exponential Moving Average HMA , Hull MA (by Alan Hull) HWMA , Henderson Weighted MA (by Robert Henderson) IDWMA , Inverse Distance Weighted MA IIRF , Infinite Impulse Response Filter (by John F. Ehlers) JAMA , Jurik Adaptive MA (by Mark Jurik) JMA , Jurik MA (by Mark Jurik, ) KAMA , Kaufman Adaptive MA (by Perry J. Kaufman) LF , Laguerre Filter (by John F. Ehlers) LMA , Leo MA (by ProRealCode' user Leo) LSMA , Least Squares MA (Moving Linear Regression) MAMA (by John F. Ehlers) FAMA , Following Adaptive MA (by John F. Ehlers) MD , McGinley Dynamic (by John R. McGinley) MHLMA , Middle-High-Low MA (by Vitali Apirine) MNMA , McNicholl MA (by Dennis McNicholl) NSMA , Moving Average 3.0 on SMA (by Manfred G. Dürschner) NEMA , Moving Average 3.0 on EMA (by Manfred G. Dürschner) NWMA , Moving Average 3.0 on WMA (by Manfred G. Dürschner) NVWMA , Moving Average 3.0 on VWMA (by Manfred G. Dürschner) PEMA , Pentuple Exponential MA (by Bruno Pio) PWMA , Parabolic Weighted MA QMA , Quick MA (by John McCormick) QEMA , Quadruple Exponential MA (by Bruno Pio) REMA , Regularized Exponential MA (by Chris Satchwell) RMA , Running MA (by J. Welles Wilder) RMF , Recursive Median Filter (by John F. Ehlers ) RMTA , Recursive Moving Trend Average (by Dennis Meyers) SHMMA , Sharp Modified MA (by Joe Sharp) SMA , Simple MA SSF2 , Super Smoother Filter with 2 poles (by John F. Ehlers) SSF3 , Super Smoother Filter with 3 poles (by John F. Ehlers) SWMA , Sine Weighted MA TEMA , Triple Exponential MA (by Patrick G. Mulloy) TMA , Triangular MA (generalized by John F. Ehlers) T3 , (by Tim Tillson) VIDYA , Variable Index Dynamic Average (by Tushar S. Chande) VWMA , Volume Weighted MA (by Buff P. Dormeier) WMA , Weighted (Linear) MA ZLEMA , Zero Lag Exponential MA (by John F. Ehlers and Ric Way)
Pine Script™ indicator
by everget
180
Profitable AroonIntroduction The Aroon indicator was developed by well-known technical analyst Tushar Chande in 1995 and is used to identify trend changes in the price of an asset, as well as the strength of that trend. The fact that he named the indicator "Aroon" which is Sanskrit for "Dawn’s Early Light" demonstrates his belief in his indicator's trend discovery capabilities. It is composed of two lines, Aroon Up and Aroon Down . The most basic strategy is to use the crossovers as trade signals: when Aroon Up crosses above Aroon Down , go Long when Aroon Down crosses above Aroon Up , go Short Exit when a crossover occurs in the opposite direction What is this tool? This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period setting for the Aroon. It analyzes the range of periods between 2 to 100 and backtests the Aroon indicator for each period using the strategy mentioned above across the entire history of an instrument. If a more profitable parameter was found, the indicator will switch its value to the found one immediately. Alerts It has an alert that notifies when a more profitable period was found. NOTE : It does not change what has already been plotted. Good luck and Happy Trading!
Pine Script™ indicator
by everget
16
Smoothed Chande Trend Score w/ Signal Line by Cryptorhythms🆓 Smoothed Chande Trend Score w/ Signal Line by Cryptorhythms 👀Did not see this one in the public library yet, so here you go! I added an ema signal line that you can configure the length on. Also dressed it up a little with OB/OS zones and some purdy colors. Here are long + short charts: 👍Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly. 💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join. Description written by Chande... As you may have noticed, a number of rather complicated indicators are available to measure trend strength. None of these indicators, unfortunately, is perfect. You could use J. Welles Wilder's average directional index (ADX) as an indicator of trend strength, or perhaps the r² value from linear regression analysis. Or you could even use the vertical horizontal filter (VHF) to help determine whether the market is trending. Each of these indicators requires the user to determine how many days' data should be used in the calculations. As you vary the indicator length or number of days used in the calculation, however, the result of the calculation changes also. Thus, there is no unambiguous answer. If the market were about to enter or leave a trading range, you could get a different indication of trend strength every day — a frustrating set of circumstances. RATING THE TREND Here is my way of rating a trend, a method I call trendscore. Add up the score for 10 comparisons; the score varies from + 10 to -10. If today's close is greater than all the previous closes, then the trend's score is +10; if today's close is less than all the previous closes, the score is -10. You can smooth the data by adding fewer than 10 days or more than 10 days. A positive score shows an upward trend bias. Similarly, a negative score shows a downward bias. A shorter time of comparison may be too volatile, producing frequent trend change signals, while a longer comparison time is slow to respond. During long trends, the trendscore remains at the outer limits, +10 or -10, for the duration of the trend. In sideways markets, the score doesn't remain at +10 or -10 for long, oscillating between these limits. How to Use this Indicator You could trade the trendscore many ways. You could use the zero crossing as an early signal. You would then buy when the trendscore becomes positive and sell when it becomes negative. Or you could wait one to three days after the trendscore reaches +10 or -10 before buying (+ 10) or selling (-10) . Or you could combine the trendscore with a moving average, trading an upward or downward cross over. Another variation would be to go long after the trendscore crosses from -10 to above +5 and go short after the trendscore falls from +10 to below 5. The approach you choose depends on your trading style. You could also smooth the trendscore with more or fewer days than I used in my calculations. You could, for example, use fewer than 10 days for short-term and 20 to 30 days for intermediate-term trading. You could also combine trendscore with other indicators of trend strength. For example, if you combined it with the VHF indicator, trendscore would provide an indication of direction, while the VHF could provide additional information about the trend's strength. You could also substitute intraday data in the trendscore method for short-term trading, using hourly data to calculate a trend's score instead of daily data. Trendscore is a simple way to rate trend strength. It indicates both the direction and strength of the trend and can be easily combined with various trend-following strategies.
Pine Script™ indicator
by theheirophant
8
🥢 Crypto-Sticks™: Chande Momentum Osc by Cryptorthyhms🥢 Crypto-Sticks™ A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites! 🚀 Indicator Specific Info I have found this indicator to show nice divergences as shown on the main chart. Even in this nightmarish sideways bitcoin movement, it still is giving decent divergence signals! It also gives a signaling system to CMO implementing overbought and oversold zones. This indicator is freely available for anyone from the public library. 🚀 Crypto-Sticks General Info 💭This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on). 📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. Here's how it looks as Heiken Ashi: 🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility ( yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise. Here is Volume Weighted + Heiken Ashi: 👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. 💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Pine Script™ indicator
by theheirophant
📊 Crypto-Sticks: Chande Momentum Oacillator 1.0 by CryptorthyhmsFirst release from the Crypto-Sticks series of indicators... brought to you by Cryptorthyhms! 🚀 Indicator specific Info I find this implementation of CMO useful for spotting divergences and for creating signals based on the indicator. Some divergences were highlighted on the chart/indicator showing you potential use cases. 🚀 Crypto-Sticks General Info 💭The idea behind this series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on). 📊Its basically reinterpretations/remixes of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. 🔊Lastly I implemented a Volume Weighting system for them all which simply normalizes volume and integrates it into the formulas for these indicators. For the most part this feature is experimental and doesnt provude huge utility (yet - I have other ways I want to try it as well - just no time). 💠I have found the candlestick implementation offers some unique perspectives and I hope you find it useful! 👍If you enjoy the indicators, feel free to give it a like and follow me! Many more free indicators to come in this series. 💬Questions? Comments? Want to become a subscriber and gain access to tons of powerful custom indicators? Join us on our telegram which is linked in my signature below!
Pine Script™ indicator
by theheirophant
1
Oscillators EqualizerAn oscillator of the oscillators. This is one of my private indicators that implements a quantitative approach: it collects readings from internal oscillators and calculates scores for the selected metric. Features 46 well-known oscillators 6 metrics ( Bands Breakouts , Overbought/Oversold , Above/Below Middle Line , Middle Line Crossovers , Above/Below Signal Line , Signal Line Crossovers ) Oscillators customization Implemented oscillators Relative Strength Index (by J. Welles Wilder) Chande Momentum Oscillator (by Tushar S. Chande) Intraday Momentum Index (by Tushar S. Chande) Stochastic RSI (by Tushar S. Chande and Stanley Kroll) Aroon Oscillator (by Tushar S. Chande) R-Squared Index (by Tushar S. Chande and Stanley Kroll) Forecast Oscillator (by Tushar S. Chande) Relative Momentum Index (by Roger Altman) Moving Average Convergence/Divergence (by Gerald Appel) Connors RSI (by Larry Connors) Rapid RSI (by Ian Copsey) Relative Spread Strength (by Ian Copsey) Vortex Indicator (by Etienne Botes and Douglas Siepman) Random Walk Index (by Michael Poulos) True Strength Index (by William Blau) Stochastic Momentum Index (by William Blau) Ergodic Oscillator (by William Blau) Smoothed Rate Of Change (by Fred G. Schutzman) TRIX (by Jack Hutson) Pretty Good Oscillator (by Mark Johnson) Choppiness Index (by Bill Dreiss) Tick Line Momentum Oscillator (by Daniel E. Downing) Price Momentum Oscillator Relative Volatility Index (by Donald Dorsey) Trend Trigger Factor (by M. H. Pee) Trend Intensity Index (by M. H. Pee) Trend Detection Index (by M. H. Pee) Trend Continuation Factor (by M. H. Pee) Relative Vigor Index (by John F. Ehlers) Fisher Transform (by John F. Ehlers) CG Oscillator (by John F. Ehlers) Stochastic CG Oscillator (by John F. Ehlers) Laguerre RSI (by John F. Ehlers) Rocket RSI (by John F. Ehlers) Recursive Median Oscillator (by John F. Ehlers) Super Passband Filter (by John F. Ehlers) Roofing Filter (by John F. Ehlers) Ehlers Stochastic (by John F. Ehlers) Fisherized Deviation-Scaled Oscillator (by John F. Ehlers) Bollinger Bands %B (by John Bollinger) Williams %R (by Larry Williams) Ultimate Oscillator (by Larry Williams) Money Flow Index (by Gene Quong and Avrum Soudack) Commodity Channel Index (by Donald Lambert) Ease of Movement (by Richard W. Arms) Chaikin Money Flow (by Marc Chaikin)
Pine Script™ indicator
by everget
44
Qstick Indicator Strategy A technical indicator developed by Tushar Chande to numerically identify trends in candlestick charting. It is calculated by taking an 'n' period moving average of the difference between the open and closing prices. A Qstick value greater than zero means that the majority of the last 'n' days have been up, indicating that buying pressure has been increasing. Transaction signals come from when the Qstick indicator crosses through the zero line. Crossing above zero is used as the entry signal because it is indicating that buying pressure is increasing, while sell signals come from the indicator crossing down through zero. In addition, an 'n' period moving average of the Qstick values can be drawn to act as a signal line. Transaction signals are then generated when the Qstick value crosses through the trigger line. WARNING: - This script to change bars colors.
Pine Script™ indicator
by HPotter
Qstick IndicatorA technical indicator developed by Tushar Chande to numerically identify trends in candlestick charting. It is calculated by taking an 'n' period moving average of the difference between the open and closing prices. A Qstick value greater than zero means that the majority of the last 'n' days have been up, indicating that buying pressure has been increasing. Transaction signals come from when the Qstick indicator crosses through the zero line. Crossing above zero is used as the entry signal because it is indicating that buying pressure is increasing, while sell signals come from the indicator crossing down through zero. In addition, an 'n' period moving average of the Qstick values can be drawn to act as a signal line. Transaction signals are then generated when the Qstick value crosses through the trigger line.
Pine Script™ indicator
by HPotter
3