This one compares the total candle height (Low to High), body size, also top and bottom wick sizes. I really don't know when it would be best to use this, but it gives a 0 baseline to compare candles side-by-side also to compare body size to wick size. *Notes* - The tallest of course is high minus low - whether or not the close is above the open, the body...
This script allows for the comparison of current volume to the past 10 days of volume at the same time of day. Currently the only time frame options available are 15m and 30m. The bar coloring is related to if the volume is > the avg_vol and the close is > or < the previous close. FYI because volume data trickles in over time and the bar coloring relies on close...
Relative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular...
This Indicator will be the most simple form of this code, with Silver and Gold versions to come. Tracked Security - BTCUSD in this example but can be changed anything. Index - Current Security / Tracked Security Inverse Index - (1 / Index) (Current Security = ETHUSD in this example) Works across all periods and Securities. Can format lines and colours, but...
This is a simple study designed to visualize price correlations between securities.
This script is very much beta! This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down...
This is a % premium vs average BTCUSD price. In other words, how much % more are exchanges selling bitcoin at compared to normal BTCUSD price? Blue: Korea Red: Japan Yellow: China Green: USD Exchanges including Bitfinex, Poloniex, Coinbase, and Bitstamp
CoCo Volume shows you volume movement of your symbol after subtracting the movement from another symbol, preferrably the sector or market the stock belongs to. My latest update to my CoCoVolume Indicator. It calculates today's volume percent over the 60 period average for both your symbol and index, and displays that difference. If the percent is over the max it...
This simple but powerful indicator takes the volume changes from another symbol and removes them from your symbol, so you can compare stock/market or stock/sector or sector/market relationships. When used together with Hersheys CoCo Bars, you get a very unique view of what's going on! Good trading! Brian Hershey
This is my latest attempt to show price movement differences between symbols. I want to see the buying and selling pressure... is that price movement going with the market or is it moving alone? It's VERY interesting to watch this indicator and see how things play out! In my previous versions the arrows on the chart were too much clutter, while the single row of...
This is my variation of the Correlation Coefficient and I call it "Hershey's CoCo". The indicator identifies very specific Stock, Sector and Market pressures on whatever symbol you are evaluating. If interested, follow me and send me requests to evaluate your stock or sector as I refine this tool. *********************************************** Price movement...