MACD modulated RSIThe main oscillator is the RSI modulated by the MACD (default). The RSI mode can be disabled to revert to a normal MACD oscillator for the main oscillator.
When the main oscillator (thicker line) is > 0, it is green; and if it is < 0, it is red.
The MACD can be re-scaled and whenever its value > 100, a background fill between the oscillator and the zeroline appear to indicates overbought condition; and < -100 indicates oversold condition. The user can tweak the scaling factor to optimize this for a given chart and timeframe.
A proprietary asymmetric differential oscillator (ADO) is also implemented, which is modulated by the main oscillator. When this (thinner line) secondary oscillator is > 0, it is yellow; and when it is < 0, it is lavender. The user can select the order of the differential (i.e. Order 1 = Momentum, Order 2 = Acceleration, Order 3 = Jerk, Order 4 = Snap, Order 5 = Crackle, Order 6 = Pop). This oscillator provides details of the more subtle underlying/hidden trends that is emerging or brewing, and may hint of an incoming move ahead of time. Divergence in the sign and slope of this secondary oscillator with respect to the main oscillator may provide a useful edge for trade setup.
A (thick transparent light blue) volume oscillator is also provided. An increase in volume trend provides confirmation of (or solidifies) the movements in the main oscillator over that period. A falling volume oscillator trend raises doubts on the main oscillator trend, and hints of the possibility of a counter-trend (also look at the secondary ADO oscillator for clues).
The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
This indicator and script is free for the TV community to use.
Jerk
PRISM Oscillators Set {PREMIUM}The PRISM Oscillator Set consists of:
(1) A modified-pSAR derived main driving oscillator (P-Oscillator).
(2) With MAJeStic (Momentum, Acceleration, Jerk, Snap) Oscillators Set (M-, A-, J-, S-Oscillators respectively).
User can switch the main oscillator to RSI-mode (default), as well as reverting to configurable EMA/SMA MACD mode as well.
The P-Oscillator
The P-Oscillator (centered at 50 in the y-axis) indicates the instantaneous bullish/bearish cycle of the market, and the degree of which.
A MA-line is provided as well (VWMA-mode is set as the default, but user can choose to switch to SMA-mode).
The crossing of the P-Oscillator into its MA-line signals a significant turn in the P-Oscillator , similar to how the cross between MAs are being used to signal a golden/death-cross (example: P-Oscillator crossing down its MA-line indicates a probable shift into the bearish phase).
The MAJeStic-Oscillators
The MAJeStic-Oscillators are derived from the main P-Oscillator .
The M-Oscillator is the momentum oscillator, to more clearly visually indicate the current momentum phase of the main P-Oscillator -- i.e. when the oscillator is above the zeroline at -50, the P-oscillator is in an uptrend; and the magnitude of which indicates the velocity (or to be more precise, the speed) of the current momentum trend.
The AJ-Ribbon consists of the acceleration and jerk oscillators, to indicate the hidden underlying trends in the momentum. They can be thought of as the hidden force/hand that pushes and pulls the momentum oscillator upwards or downwards.
Both the M-Oscillator and the AJ-Ribbon are y-shifted down with its zeroline set at -50, simply for the purpose of clarity of presentation for this multiple-oscillator script.
The S-Oscillator is centered about the 0 as its zeroline. It is a highest-order indicator, derived from the AJ-Ribbon , and is an extremely sensitive indicator -- which is able to dig up even the more subtle market trends that may later cascade into a more macro trend. For example: when it crosses from the negative into the positive (especially with a steeply positive slope) and holds above the zeroline, it is then likely that price will see some upside movement ahead (depending on the magnitude of the oscillator as well), even if it may presently be simply moving sideways or even downwards (i.e. a divergence in the S-oscillator wrt the current price movement).
The alignment of the various indicators gives the clearest signal of the market trend, however, that naturally isn't always the case. Hence, when signals from the oscillators looks conflicted, the higher order oscillators (i.e. the AJ-Ribbon, and the S-Oscillator) will be helpful indicators of possible movement incoming; alternatively looking for divergence and hidden divergence of the P-Oscillator (set to RSI-mode) is also an effective strategy.
This oscillator set is suitable to be applied on any timeframes and on any charts.
This oscillator does not give precise price targets, but only offers a qualitative view of the present as well as the probable incoming price action.
To (attempt to) predict price targets, I personally use the PRISM Oscillator Set in conjunction a combination of various support & resistance analytical strategies: e.g. VPVR-levels, moving averages, trend-lines, Ichimoku Cloud, etc. and looking/waiting for sufficient candle closing and break-outs for confirmation, etc.
The PRISM Oscillator Set provide a momentum-focused perspective of the current market.
While my other script, Cyber Ensemble ( which generates buy/sell signals base on the scoring of a large ensemble of technical indicators + and modified by a series of filters ), provides a technical perspective of the current market; and which I frequently use conjunction with the PRISM Oscillator Set .
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment/trade decisions.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please PM me for access information.
© cybernetwork
PRISMpSAR derived oscillator with its set of RSI & StochRSI and MAJestic (Momentum, Acceleration, Jerk) Oscillators Set
pSAR and MAJ oscillators can be disabled and hidden.
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
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~ JuniAiko
(=^~^=)v~
LIVIDITIUM RSI/STOCH/MAJ Oscillator Set {SMA}LVDT RSI oscillator
LVDT STOCHASTIC-RSI oscillator
LVDT MAJ (Momentum/Acceleration/Jerk) oscillators + signals ( Default = Disabled)
~JuniAiko
(=^~^=)v~
LIVIDITIUM RSI/STOCH/MAJ Oscillator Set {EMA}LVDT RSI oscillator
LVDT STOCHASTIC-RSI oscillator
LVDT MAJ (Momentum/Acceleration/Jerk) oscillators + signals ( Default = Disabled)
~JuniAiko
(=^~^=)v~
MAJESTIC-X {EMA}The MAJESTIC (MAJ) is a set of M omentum/ A cceleration/ J erk oscillators.
This "X" edition comes with optimized time-frames to be used as a companion with the Fast LIVIDITIUM Channel (FLVDT.C).
The option to switch to custom time-frames is also available in this version.
The filled-histogram is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
The analysis candles-range have been optimized for the following time-frames:
monthly (1M) = 1
3W = 1
2W = 2
weekly (1W) = 4
5D = 6
4D = 8
3D = 10
2D = 15
daily (1D) = 30
240 hr = 80
Note: In no way is the MAJESTIC oscillator intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
~JuniAiko
(=^~^=)v~
MAJESTIC-X {SMA}The MAJESTIC (MAJ) is a set of M omentum/ A cceleration/ J erk oscillators.
This "X" edition comes with optimized time-frames to be used as a companion with the Fast LIVIDITIUM Channel (FLVDT.C).
The option to switch to custom time-frames is also available in this version.
The filled-histogram is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
The analysis candles-range have been optimized for the following time-frames:
monthly (1M) = 1
3W = 1
2W = 2
weekly (1W) = 4
5D = 6
4D = 8
3D = 10
2D = 15
daily (1D) = 30
240 hr = 80
Note: In no way is the MAJESTIC oscillator intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
~JuniAiko
(=^~^=)v~
MAJESTIC {EMA}The thickest blue line is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
This is the {EMA} implementation.
~JuniAiko
(=^~^=)v~
MAJESTIC {SMA}The thickest blue line is the Momentum oscillator
The lime colored line is the Acceleration oscillator
The red colored line is the Jerk oscillator
This is the {SMA} implementation.
~JuniAiko
(=^~^=)v~