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TSI

Multiple Indicators ScreenerA screener for multiple indicators with nice table output. I was asked many times to update custom screener to display results in a table form. This way it looks much better. You can play with background colors depend on values you're looking for. In the screener, for example, I'm highlighting overbought/oversold RSI values, big ADX levels and trend of the Supertrend. In parameters you can change settings for all indicators and change/disable tickers if 40 is too many for you. There is only 1 function that calculates all these indicators. Potentially you can change and even add more indicators to this function. Writing code for these kind of screener is a bit time consuming, so I even created a code generator in Python for these kind of indicators :) . 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 well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
101
EWO Breaking Bands & XTLElliott Wave Principle, developed by Ralph Nelson Elliott , proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. Elliott wave predicts that the prices of the a traded currency pair will evolve in waves: five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction (corrective wave occurrences and combination corrective wave occurrences are much higher comparing to impulsive waves) The Elliott Wave Oscillator ( EWO ) helps identifying where you are in the 5 / 3 Elliott Waves , mainly the highest/lowest values of the oscillator might indicate a potential bullish / bearish Wave 3. Mathematically expressed, EWO is the difference between a 5 period and 35 period moving average. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = sma (HL2, 5) - sma (HL2, 34) The Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. Included with the EWO are the breakout bands that help identify strong impulses. The Expert Trend Locator ( XTL ) was developed by Tom Joseph (in his book Applying Technical Analysis) to identify major trends, similar to Elliott Wave 3 type swings. Blue bars are bullish and indicate a potential upwards impulse. Red bars are bearish and indicate a potential downwards impulse. White bars indicate no trend is detected at the moment. Added "TSI Arrows". The arrows is intended to help the viewer identify potential turning points. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
Pine Script™ indicator
by OskarGallard
40
FOTSI - Open sourceI WOULD LIKE TO SPECIFY TWO THINGS: - The indicator was absolutely not designed by me, I do not take any credit and much less I want them, I am just making this fantastic indicator open source and accessible to all - The script code was not recycled from other indicators, but was created from 0 following the theory behind it to the letter, thus avoiding copyright infringement - Advices and improvements are accepted, as having very little programming experience in Pine Script I consider this work still rough and slow WHAT IS THE FOTSI? The FOTSI is an oscillator that measures the relative strength of the individual currencies that make up the 28 major Forex exchanges. By identifying the currencies that are in the overbought (+50) and oversold (-50) areas, it is possible to anticipate the correction of a currency pair following a strong trend. THE THEORY BEHIND 1) At the base of everything is the 1-period momentum (close-open) of the single currency pairs that contain a certain currency. For example, the momentum of the USD currency is composed of all the exchange rates that contain the US dollar inside it: mom_usd = - mom_eurusd - mom_gbpusd + mom_usdchf + mom_usdjpy - mom_audusd + mom_usdcad - mom_nzdusd. Where the base currency is in second position, the momentum is subtracted instead of adding it. 2) The IST formula is applied to the momentum of the individual currencies obtained. In this way we get an oscillator that oscillates between 0 and its overbought and oversold areas. The area between +25 and -25 is an area in which we can consider the movements of individual currencies to be neutral. 3) The TSI is nothing more than a double smoothing on the momentum of individual currencies. This particularity makes the indicator very reactive, minimizing the delays of the trend reversal. HOW TO USE 1) A currency is identified that is in the overbought (+50) or oversold (-50) area. Example GBP = 50 2) The second currency is identified as the one most opposite to the first. Example USD = -25 3) The currency pair consisting of the two currencies opens. So GBP / USD 4) Considering that GBP is oversold, we anticipate its future devaluation. So in this case we are short on GBP / SUD. Otherwise if GBP had been oversold (-50) we expect its future valuation and therefore we enter long. 5) It is used on the H1, H4 and D1 timeframes 6) Closing conditions: the position on the 50-period exponential moving average is split / the position at target on the 100-period exponential moving average is closed 7) Stoploss: it is recommended not to use it, if you want to use it it is equivalent to 5 times the ATR on the reference timeframe 8) Position sizing: go very slow! Being a counter-trend strategy, it is very risky to position yourself heavily. Use common sense in everything! 9) To insert the alerts that warn you of an overbought and oversold condition, it is necessary to enter the signals called "Overbought Signal" and "Oversold Signal" for each chart used, in the specific Trading View window. like me using multiple charts in the same window. I hope you enjoy my work. For any questions write in the comments. Thanks <3 //-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TENGO A PRECISARE DUE COSE: - L'indicatore non è stato assolutamente ideato da me, non mi assumo nessun merito e tanto meno li voglio, io sto solo rendendo questo fantastico indicatore open source ed accessibile a tutti - Il codice dello script non è stato riciclato da altri indicatori, ma è stato creato da 0 seguendo alla lettere la teoria che sta alla sua base, evitando così di violare il copyright - Si accettano consigli e migliorie, visto che avendo pochissima esperienza di programmazione in Pine Script considero questo lavoro ancora grezzo e lento COS'È IL FOTSI? Il FOTSI è un oscillatore che misura la forza relativa delle singole valute che compongono i 28 cambi major del Forex. Individuando le valute che si trovano nelle aree di ipercomprato (+50) ed ipervenduto (-50) , è possibile anticipare la correzione di una coppia valutaria al seguito di un forte trend. LA TEORIA ALLA BASE 1) Alla base di tutto c'è il momentum ad 1 periodo (close-open) delle singole coppie valutarie che contengono una determinata valuta. Ad esempio il momentum della valuta USD è composto da tutti i cambi che contengono il dollaro americano al suo interno: mom_usd = - mom_eurusd - mom_gbpusd + mom_usdchf + mom_usdjpy - mom_audusd + mom_usdcad - mom_nzdusd . Ove la valuta base si trova in seconda posizione si sottrae il momentum al posto che sommarlo. 2) Si applica la formula del TSI ai momentum delle singole valute ottenute. In questo modo otteniamo un oscillatore che oscilla tra lo 0 e le sue aree di ipercomprato ed ipervenduto. L'area compresa tra +25 e -25 è un area in cui possiamo considerare neutri i movimenti delle singole valute. 3) Il TSI non è altro che un doppio smoothing sul momentum delle singole valute. Questa particolarità rende l'indicatore molto reattivo, minimizzando i ritardi dell'inversione del trend. COME SI USA 1) Si individua una valuta che si trova nell'area di ipercomprato (+50) o ipervenduto (-50) . Esempio GBP = 50 2) Si individua come seconda valuta quella più opposta alla prima. Esempio USD = -25 3) Si apre la coppia di valuta composta dalle due valute. Quindi GBP/USD 4) Considerando che GBP è in fase di ipervenduto prevediamo una sua futura svalutazione. Quindi in questo caso entriamo short su GBP/SUD. Diversamente se GBP fosse stato in fase di ipervenduto (-50) ci aspettiamo una sua futura valutazione e quindi entriamo long. 5) Si usa sui timeframe H1, H4 e D1 6) Condizioni di chiusura: si smezza la posizione sulla media mobile esponenziale a 50 periodi / si chiude la posizione a target sulla media mobile esponenziale a 100 periodi 7) Stoploss: è consigliato non usarlo, nel caso lo si voglia utilizzare esso equivale a 5 volte l'ATR sul timeframe di riferimento 8) Position sizing: andateci molto piano! Essendo una strategia contro trend è molto rischioso posizionarsi in modo pesante. Usate il buonsenso in tutto! 9) Per inserire gli allert che ti avvertono di una condizione di ipercomprato ed ipervenduto, è necessario inserire dall'apposita finestra di Trading View i segnali denominati "Segnale di ipercomprato" ed "Segnale di ipervenduto" per ogni grafico che si usa, nel caso come me che si utilizzano più grafici nella stessa finestra. Spero che possiate apprezzare il mio lavoro. Per qualsiasi domanda scrivete nei commenti. Grazie<3
Pine Script™ indicator
by stefanopanetta-sph28
57
Envious Market DashboardHey traders, this is a market dashboard that can be useful to have on top of your charts. It provides information of the trends discovered, the volatility, the current MACD Trend, the current trend, RSI level, RSI Overbought / Oversold state, TSI level, TSI Overbought / Oversold state, the volume percentage, and more. You can customise the dashboard location, the colour of the dashboard, the background of the dashboard and its background colour. Hope this is useful to you traders :).
Pine Script™ indicator
by Envious_
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
Altered True Strength Indicator (TSI) Reupload- Altered TSI provides a slightly more volatile signal that demonstrates extremities in price action with greater success than standard TSI. In addition, I added bull/bear cross indicators (green/red) to make it easier to notice the crosses to save time when the market is moving fast (I couldn't find a regular TSI script with this addition). Finally, the signal also has overextension parameters (red and green lines) I think this is best used on Intraday time frames as the signals respond to volatility very well and using Heikin Ashi candles, trend is more visual. In this particular example, I am showing SPY on the 3m time chart (my favorite short time frame) and the signal alone provided many opportunities for trades when using simple divergences and countering overextension direction when short term (blue) signal crosses either In the first example (purple lines), SPY ramps but it was a dull signal given the signal strength flatlining- we would be looking for a short entry. When the signal fires, it provides a clean $1.50 move down in spy. In the second example (orange), the blue signal provides a nice V shape (rebound signal) in which we are looking for a long entry. 390.50 is a strong SPY support in confluence with 2nd std dev VWAP extension, but disregarding that bull signal fires resulting in a 2 dollar move upwards. Exit is provided when blue line crosses green overextension. In the third example (white), we are searching for a short entry at 392.5 resistance in confluence with divergently higher highs. Bear cross signal when fired and a significant cross is visible provides a $2.50 move to the downside with a potential exit provided when blue line crosses red overextension line in confluence with previous LOD area. In the fourth example (green), we watch as the blue line provides a V pattern, we are searching for a long entry. If you didn't take a riskier long at 2nd std dev VWAP overextension with V recovery on blue line at red overextension for a ride to vwap, then you are looking for a secondary entry long as you wouldn't take the trade at resistance (vwap). Bullishly divergent lows provide this entry and the signal does not bear cross at all (but looking for significant crosses is more important even if the signal were to make a minor bear cross). Bullishly divergent double bottom provides a long entry to end of day with a nice clean signal for a $5.00 move until eod or when signal crosses overextension range. Ideally, close to the money options or SPY/SPXS/SPXL are best used in the intraday time frame. Again, this is not a standalone indicator but it's best used in conjunction with other indicators/trading strategies Any questions feel free to comment
Pine Script™ indicator
by imbes
1
TSI Strength Meter vs USD with divergenceThis indicator consists of two lines. One is a gray line (USD) and the asset indicator is green or red. The basis of this indicator is the true strength indicator (TSI) with parameters 5,15. Both line sets are based on a TSI (5,15). The lookback period is for new highs / new lows. Default value is 200 periods. GREEN/RED LINE The first that is green and red is whatever you choose to display ( BTC in this case). The green and red lines indicate going up or going down. GRAY LINE The gray line is the US Dollar . So everything is relative to that by default. ZERO LINE CROSSES These are momentum shifts. If you see a crossover of both around the zero line, its a good indication there is a change in momentum and a reversal of trend. NEW HIGHS NEW LOWS There are 4 new colors added to this indicator. For the asset you are viewing, a lime color means new highs within the lookback period. A new low is indicated by a yellow line color. The new lows for the USD are white for new lows within the lookback period and blue line for the new highs. DIVERGENCE You can also spot divergences easily. For example, if a lime color is seen on the indicator line, that means "new high" but if it occurs below the last "new high" it means the asset is going up to new highs but the indicator is showing us that the readings are below the previous new highs, indicating a negative divergence. The same goes for the yellow colored lines. higher yellows mean positive divergence. And with the US Dollar , blue lines dropping means a negative divergence in the US Dollar , while white lines moving up means a positive dollar divergence. INTERPRETATION Examples: If you see a green and sometimes red line of the asset indicator and a gray line that drops below the zero line; it may mean the asset is rising and the trend is up. If you see a green and red line below the zero line and with a gray line above the zero line , it indicates there is a negative trend. If you suddenly see blue lines on the USD, this means its hitting new lows. If these blue lines then start to slowly move downwards; then we have a positive divergence. If that were to be followed by the green line crossing the zero line, its a pretty good be that the trend is changing and its a very good buying oportunity.
Pine Script™ indicator
by SpreadEagle71
2
Volume Correlation Indicator [Fournier-Eaton]This script combines two correlation indicators into one: Volume Oscillator Correlation Price Correlation Rationale : This script is predicated on the following premise: we rely often on price correlation. However, we overlook volume-volume correlation too often. The volumetric correlative decoupling of an equity and index or equity - equity can yield important information (and produce it as early or earlier than price-correlation). Mechanism : The primary component of this chart is the Volume Correlation Indicator (as red histogram). This is the correlation between the Volume Oscillator of current chart's symbol and the VO of your chosen comparison. Secondarily, the standard price correlation is also charted for added information in line format. Example : In the chart attached to this publication, note the following cases: Case 1: The price correlation with QQQ was increasing as earnings approached. However, the volume correlation with QQQ was clearly decoupled as earnings approached. Case 2: Contrastingly, other dips in price correlation can be found were volume correlations were behaving in tandem. Note1: This is the first in a series of volume correlation indicators. Please let me know if you find this useful.
Pine Script™ indicator
by BradfordFournier
Combo Strategy 123 Reversal & Ergodic TSI 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 r - Length of first EMA smoothing of 1 day momentum 4 s - Length of second EMA smoothing of 1 day smoothing 8 u- Length of third EMA smoothing of 1 day momentum 6 Length of EMA signal line 3 Source of Ergotic TSI Close This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ indicator
by HPotter
2
Volume Weighted TSI V 1.0This script uses a unique calculation for True Strength Indicator (TSI) and incorporates volume weighting the chosen source over a variable length. The frame length changes dynamically to minimize chop zones. Two lines: - a signal line and a moving average of the signal line There are a few ways to use this indicator: - look for the cross of the signal line with the moving average for an early marker, this is more volatile - look for the signal line cross with zero line a medium volatility marker - look for the average to cross the zero line, a less volatile marker but comes in later - over sold and over bought zones, suggest looking for exits from those zones as a trigger Parameter explanation: - setting the source for the TSI, this is then weighed with volume - setting the maximum and minimum length, this sets the boundaries for the dynamic length/frame, actual frame lengths will fall within these boundaries (be sensitive to using very high lengths the indicator may fail on loop calculations) - setting the change look back for TSI, the standard setting is 1, you can play with this for fine tuning - the boundary that sets the value for overbought/oversold What you see - signal line - moving average of signal line, this is colored to show points of velocity - overbought/oversold circles at the top or bottom that meet boundary criteria - diamonds that show crossing events
Pine Script™ indicator
by JohnBaron
RSI + Volume-Weighted TSIThis indicator combines a standard RSI with a modified TSI. Although a double smoothing process is already used in calculating the normal TSI, we decided to apply a volume weighted moving average of length (length_of_slow_TSI_EMA // 2) to it. This resulted in a smoother TSI that picked up on large-scale swings very nicely. Entry Signals are generated when the Volume-Weighted TSI crosses above zero from negative into positive territory. Exit signals are generated when the TSI is above 40 and then begins its downward fall, along with a declining RSI value. The Graph: The Volume-Weighted TSI is plotted as the blue histogram, wile the RSI is plotted as the yellow histogram. We definitely wanted to go the simplicity route on this one's graphics, since the RSI and TSI are both classic and reliable indicators. The green background highlights indicate an entry signal and red highlights signify an exit signal. Input Options: -length of Slow EMA for TSI -length of Fast EMA for TSI -Length of Volume Weighted MA of TSI. -Length of RSI. ~Happy Trading~
Pine Script™ indicator
by ProfitProgrammers
3
True Strength Indicator WeeklyThe True Strength Indicator Weekly is designed to help you identify trend and BIAS in the market based on the Weekly timeframe regardless of chart. Timeframe can be modified. This indicator provides both long and short signals as well as color coding market direction bias. There are 3 variables for this indicator are smoothed with some calculations EMAs with a signals. Defaults are short length (21), long length (11), signal length (11) and represent the best middle of the road numbers I've found that work across all markets. Upward triangle with L represents Long signal. Downward triangle with S represents Short signal Green background represents bull bias Red background represents bear bias
Pine Script™ indicator
by RexDogActual
4
HMA_ATR_TSIA combination of signals trigger this strategy. HMA crossovers (short period & long period) -Hull moving average- ATR (smoothed with HMA ) -Average true range- TSI -True strength index- The final close price is not known until right at the end of the bar. This means that the indicator is constantly “repainting” during the bar. You will see that indicators are constantly moving with each tick received Use Open instead, the value is set and does not change even after refreshing the page. An attempt to reduce repainting. INDICATOR VERSION FOR USE WITH ALERTS
Pine Script™ indicator
by SeaSide420