RSI with Divergences, Reverse Formulas, and Bull/Bear ZonesRegular RSI indicator that can underline divergences, turn green or red specifying user specified bull/bear zones, and with a label showing the price needed to turn bull/bear!
Specify the inputs:
+ RSI Length
+ Bull Threshold
+ Bear Threshold
+ Panel Position Offset
Also with toggle-able:
+ Bullish Divergence
+ Bearish Divergence
+ Hidden Bullish Divergence
+ Hidden Bearish Divergence
The zones included in the indicator are default and not meant to be used for all markets. The goal is to alter the bull/bear zones to find good breakout points and selloff points for your chosen security. Does not currently support automatic zone creation, or saving zones for each security (if that is even possible, may just need to create different layouts for each security).
Thanks!
背離
Goethe A - Multiple Leading Indicator PackageGoethe A is an Indicator Package that contains multiple leading and lagging indicators.
The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used.
What are those circles?
-These are OBV (or VPT, can be set in the options) Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What this middle line?
-The middle line is calculated by a smoothed Heikin-Ashi indicator. I can be used as a dynamic zone of support and resistance. Many times this indicator is used as entry signal giver in trend following strategies.
What are those background lines?
-The background contains a simple Daily Pivots indicator. This indicator can be read as zones of Support and Resistance that updated based on the used timeframe.
What is this smaller thin grey line?
-This is a very simple Stoploss indicator based on Donchian Channels. The trade direction is based and calculated by the local trend (background color)
What are those small orange or aqua triangles?
- These are Pivots . They show when the OBV or wolfpack oscillators (or a double confirmation of both) might reverse, this is important to know because many times the price action follows this move.
What are those purple triangles?
- These are Pivots . They show when the PVT oscillator might reverse, this is important to know because many times the price action follows this move.
What are those big orange or aqua triangles?
- These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator treshold and in conjunction with the overall local trend (background color).
What are those white squares?
- These are Overbought or Oversold regions of the build-in RSI bands indicator. Every time the price crosses one of the RSI bands those squares are printed. Most of the time this happens after a move and indicates that this strong move has come to an end.
Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Coppock Curve with Pivot Points and Divergence The Coppock Curve is a long-term price momentum indicator used primarily to recognize major downturns and upturns in a stock market index. It is calculated as a 10-month weighted moving average of the sum of the 14-month rate of change and the 11-month rate of change for the index. It is also known as the "Coppock Guide."
The Coppock formula was introduced in Barron's in 1962 by Edwin Coppock.
The Coppock Curve is a technical indicator that provides long-term buy and sell signals for major stock indexes and related ETFs based on shifts in momentum.
What Does the Coppock Curve Tell You?
The Coppock Curve was originally implemented as a long-term buy and sell indicator for major indices such as the S&P 500 and the Wilshire 5000. Often, it is used with long-term time series such as a candlestick chart, but where each candle contains a month's worth of price information.
The Difference Between the Coppock Curve and Rate of Relative Strength Index (RSI)?
The relative strength index looks at how the current price compares to prior prices, though it is calculated differently than the rate of change (ROC) indicator used in the Coppock Curve calculation. Therefore, these indicators will provide different trade signals and information.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots . They show when the VPT oscillator might reverse, this is important to know because many times the price action follows this move.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Modified QQE-ZigZag [Non Repaint During Candle Building]V V V V V V V Please Read V V V V V V V
I ask Peter and he is fine, that im published this script
Tell me if you have some ideas or criticism about that sricpt
>>>>>>>>>> This is a modified Version of Peter_O's Momentum Based ZigZag <<<<<<<<<<<
This is only a test, and i want to share it with the community
It works like other ZigZags
Because Peters_O's original Version is only non repaint on closed historical Data ,
during a Candle building process it can still repaint (signal appears / 21 seconds later signal disapears / 42 seconds later signal appears again in the same candle / etc.),
but that isnt important for backtesting, its only important for realtime PivotPoints during a candle.
My goal for this zigzag was to make it absolute non repaint neither during a candle building process (current candle),
so once the signal is shown there is no chance that it disapers and shown a few seconds later again on that same candle, it can only show up one time per candle an thats it,
and that makes it absolute non repaint in all time frames.
Credits to:
==> Thanks to @glaz , for bringing the QQE to Tradingview <3
==> Thanks to @Peter_O , for sharing his idea to use the QQE as base for a Zigzag
and for sharing his MTF RSI with the Community <3
Changes:
- I changed the MTF RSI a little bit, you can choose between two version
- I changed the QQE a little bit, its now using the MTF RSI , and its using High and Low values as Source to make it absolute non repaint during a candle is building
- I added a little Divergence Calculation beween price and the MTF RSI that is used for the ZigZag
Colors :
- Green for HH / HL Continuation
- Red for LL / LH Continuation
- Yellow for Positive Divergence
- Purple for Negative Divergence
Important:
It is not possible to backtest this script correctly with historical Data, its only possible in Realtime,
because the QQE is using crossunders with RSILowSource and the QQE Line to find the Tops and,
because the QQE is using crossovers with RSIHighSource and the QQE Line to find the Bottoms,
and that means it is not possible to find the correct Time/Moment when that crossovers / crossunders happens in historical Data
=============> So please be sure you understand the Calculation and Backtest it in Realtime when you want to use it,
because i didn't published this script for real trading
=============> Im not a financial advisor and youre using this script at your own risk
=============> Please do your own research
OBV+OBV with an extra twist.
Add up to 4 moving averages and choose from simple, exponential, smoothed, etc.
Choose to display a trend fill. Fill will be green when above the MA4 or red when below it. If the difference between the MA1 and MA4 is growing, the trend fill will be a more solid color indicating a strengthening trend. If the gap is lessening, it will gradually get more transparent indicating a weakening trend.
Finally, options to display bullish and bearish regular and hidden divergences are included.
Wave Trend OscillatorThis is a very standard version of the Wave Trend Oscillator.
The Channel and Average values are displayed as lines, most people display them as areas.
The Channel and Average difference is displayed as a histogram, most people display it as a tiny noisy area.
I was unable to find a standard version of the Wave Trend Oscillator.
The colorful hyped up versions of this indicator made me feel like a clown while using them.
I have essentially copied the style of the MACD with this indicator, to keep things professional.
With this WTO, you can change the timeframe and source.
You can also change the histogram average length and multiplier, making it usable.
The typical way that people display the histogram is completely unusable and just for appearance.
Now it does a decent job showing when the momentum of the WTO's downward movement is slowing down, just like how the MACD histogram works.
This indicator is essentially a normalized MACD, though they are calculated differently.
The Wave Trend Oscillator is useful for spotting/monitoring changed in mid-trend momentum.
In my experience, divergence in this indicator is a strong signal.
If the MACD is too slow for you, then this is a great alternative; without all the extra fluff people usually add to it.
MACD + Divergence + Line █ OVERVIEW
Here's the classic MACD with some simples features in plus.
█ CONCEPTS
4 features
1 — Classic MACD histogram, with 4 different colors such as above or below 0, and above or below the previous bar
2 — Display option to disable EMA
3 — A signal line that show the exact point, because the histogram view might be hard to be precise
4 — Looking for previous Divergences, Bullish, Bearish and Hidden Bullish and Bearish but I don't like Hidden divergences
█ OTHER SECTIONS
An oscillator is good to know where we are in the trends, but it's not enough to run a small business of trading, you need to learn how to use it.
What is a divergence ?
Thanks to The rational investor for teaching me how to use this indicator.
Divergence for Many Indicators v4 STHello Traders.
This is the Strategy version of Divergence for Many Indicators v4, an easy and comfortable indicator.
- - - -
*It's been modified a little bit from the original.
*I got permission from the original author.
*I'm not good at English, I'm sorry.
- - - -
< 4 things to check >
1. Since repainting is not performed, the first imprinted signal can be accurately seen.
2. It does not respond to continuous diversions.
3. If the opposite diversity is not imprinted, caution is required as it is designed not to indicate liquidation. Be careful when reading the figures shown in the strategy tester.
4. Added stop loss and take propirane.
< What changed? >
1. pivot period 5 - > 9
2. Money Flow index and Chaikin Money Flow are released.
- - - -
KOR SUB
< 4가지 확인 사항 >
1. 리페인팅이 없으므로 첫 번째로 각인된 신호를 정확히 볼 수 있습니다.
2. 연속된 다이버젼스에 대해서는 반응하지 않습니다.
3. 반대의 다이버젼스가 각인되지 않으면 청산 표시를 하지 않도록 설계되어 있으므로 주의를 요합니다.
4. 스탑 로스와 테이크 프로핏 항목을 추가하였습니다.
< 무엇이 변경되었나? >
1. 피봇 페리어드 값이 조금 수정되었습니다.
2. MFI & CMF 가 체크 해제된 상태입니다.
THANK YOU ^^
ATR Volume DivergenceThe indicator measures ATR relative to VOLUME of each candle, marks the candles where there is more volume than in the previous one, but a lower ATR - signifying a compression in price movement - resistance. It also marks the candle where there is a greater ATR than in the previous candle, but lower volume - signifying an expansion in price movement - vacuum.
P.S. Bring indicator to FRONT to see the colored candles clearly
Median Convergence DivergenceIntroduction
The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would be calculated for a moving average. The outliers would affect the value of the moving average.
For example: 3, 5, 7, 8, 5, 4, 2, 1, 6, 21, 8. The data set average is 6.3, whereas the median value is 5. There is a difference of about 23% in the example. The reason is the outlying value '21' in the data set.
As the markets are volatile, outlying values can always emerge. A moving average will consider those values; on the other hand, the median will ignore. If the strategy calls for a tool to ignore the outliers, the Median Convergence Divergence would be a great centered oscillator.
The default values have changed to suit the current trading days in a week. When the MACD was introduced, there would be six trading days in a week. Therefore, it used 12 (2 weeks), 26(4 weeks), and 9 ( 1.5 weeks). But now that there are five trading days per week. The default values are adapted to them. Feel free to change them as per your wish.
Recommended Settings
The current settings are set to be used for the Daily Time Frame: 5 day period for the fast line, a 20 day period for the slow line, and a 10 day period for the signal line. (5 days represent a trading week, 10 days is two weeks, and 20 days is 4 weeks or a month)
For the weekly charts, use 4 week period for the fast line, 13 week period for the slow line, and 8 week period for the signal line. (4 weeks represent a month, 8 weeks is two months, and 13 weeks is 3 months or quarterly)
And for monthly charts, use 3 month period for the fast line, 12 month period for the slow line, and 6 month period for the signal line. (3 months is quarterly, 6 months is bi-yearly, and 12 month is yearly)
It'll be challenging to measure for intraday since there are many different timeframes within intraday. The settings mentioned above should also be customized as per the requirements of the trading strategy.
Strategy
The strategy application is the same as the MACD, i.e., Signal Line Crossovers, Zero Line Crossovers, and Divergence.
Signal Line Crossovers: When the MCD line crosses above the Signal line, it's a bullish crossover. When the MCD line crosses below the Signal line, it's a bearish crossover.
Zero Line Crossovers: It's a bullish crossover when the MCD line crosses above the Zero line. When the MCD line crosses below the Zero Line, it's a bearish crossover.
Divergence: When price shows a lower low, but MCD shows a higher low, it's a bullish divergence. When the price shows a higher high but MCD shows a lower high, it's a bearish divergence.
Using other indicators in conjunction with the Median Convergence Divergence is recommended to take entry and exit signals.
Abz Bonds/BTC divergenceDraft release: This indicator shows the comparative returns from US bonds vs BTC.
I was inspired by this Twitter thread: twitter.com
If you compare the price action of Bitcoin against bond returns over the last year, there's an extraordinary degree of correlation. This may give insights into what's coming next for BTC , but at some point the relationship will inevitably break down. In the meantime, there's much to gain.
DYOR.
Feedback welcome though it may take a while for me to respond.
4x Stochastic Dingue4 Stochastic indicator into 1.
Different lengths produce short-term and long-term indicators that can help with finding the trend and impulses within the trend.
It can also find reversal points when all 4 are at the extreme at the same time. Ex. All 4 Stoch are above 90 or under 10 !! This could signal a bottom or top is soon to happen. (This is not always true as it depends on many factors.)
Many visual options make it even more customizable. Fill between Stoch, background colors, Crosses.
Divergences are not always accurate, depending on settings and timeframe, but they can be useful in certain situations.
---------------------
In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.
If you have any questions please ask.
Thank you.
DivergenceLibrary "Divergence"
Calculates a divergence between 2 series
bullish(_src, _low, depth) Calculates bullish divergence
Parameters:
_src : Main series
_low : Comparison series (`low` is used if no argument is supplied)
depth : Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
bearish(_src, _high, depth) Calculates bearish divergence
Parameters:
_src : Main series
_high : Comparison series (`high` is used if no argument is supplied)
depth : Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
I created this library to plug and play divergences in any code.
You can create a divergence indicator from any series you like.
Fractals are used to pinpoint the edge of the series. The higher the depth, the slower the divergence updates get.
My Plain Stochastic Divergence uses the same calculation. Watch it in action.
EMA Cross + Divergence strategy (Div. signals by The Divergent)A sample strategy demonstrating the usage of The Divergent divergence indicator and The Divergent Library .
The Divergent is an advanced divergence indicator which you can easily incorporate into your own strategies.
In order to use this strategy (and to use the signals in your own strategy), you need to have the Pro version of The Divergent applied to your chart.
For more information, please see the comments inlined in the code.
The Divergent LibraryLibrary "TheDivergentLibrary"
The Divergent Library is only useful when combined with the Pro version of The Divergent - Advanced divergence indicator . This is because the Basic (free) version of The Divergent does not expose the "Divergence Signal" value.
Usage instructions:
1. Create a new chart
2. Add The Divergent (Pro) indicator to your chart
3. Create a new strategy, import this library, add a "source" input, link it to "The Divergent: Divergence Signal", and use the library to decode the divergence signals from The Divergent (You can find example strategy code published in our profile)
4. Act on the divergences signalled by The Divergent
---
isRegularBullishEnabled(context) Returns a boolean value indicating whether Regular Bullish divergence detection is enabled in The Divergent.
Parameters:
context : The context of The Divergent Library.
Returns: A boolean value indicating whether Regular Bullish divergence detection is enabled in The Divergent.
isHiddenBullishEnabled(context) Returns a boolean value indicating whether Hidden Bullish divergence detection is enabled in The Divergent.
Parameters:
context : The context of The Divergent Library.
Returns: A boolean value indicating whether Hidden Bullish divergence detection is enabled in The Divergent.
isRegularBearishEnabled(context) Returns a boolean value indicating whether Regular Bearish divergence detection is enabled in The Divergent.
Parameters:
context : The context of The Divergent Library.
Returns: A boolean value indicating whether Regular Bearish divergence detection is enabled in The Divergent.
isHiddenBearishEnabled(context) Returns a boolean value indicating whether Hidden Bearish divergence detection is enabled in The Divergent.
Parameters:
context : The context of The Divergent Library.
Returns: A boolean value indicating whether Hidden Bearish divergence detection is enabled in The Divergent.
getPivotDetectionSource(context) Returns the 'Pivot Detection Source' setting of The Divergent. The returned value can be either "Oscillator" or "Price".
Parameters:
context : The context of The Divergent Library.
Returns: One of the following string values: "Oscillator" or "Price".
getPivotDetectionMode(context) Returns the 'Pivot Detection Mode' setting of The Divergent. The returned value can be either "Bodies" or "Wicks".
Parameters:
context : The context of The Divergent Library.
Returns: One of the following string values: "Bodies" or "Wicks".
isLinked(context) Returns a boolean value indicating the link status to The Divergent indicator.
Parameters:
context : The context of The Divergent Library.
Returns: A boolean value indicating the link status to The Divergent indicator.
init(firstBarSignal, displayLinkStatus, debug) Initialises The Divergent Library's context with the signal produced by The Divergent on the first bar. The value returned from this function is called the "context of The Divergent Library". Some of the other functions of this library requires you to pass in this context.
Parameters:
firstBarSignal : The signal from The Divergent indicator on the first bar.
displayLinkStatus : A boolean value indicating whether the Link Status window should be displayed in the bottom left corner of the chart. Defaults to true.
debug : A boolean value indicating whether the Link Status window should display debug information. Defaults to false.
Returns: A bool array containing the context of The Divergent Library.
processSignal(signal) Processes a signal from The Divergent and returns a 5-tuple with the decoded signal: [ int divergenceType, int priceBarIndexStart, int priceBarIndexEnd, int oscillatorBarIndexStart, int oscillatorBarIndexEnd]. `divergenceType` can be one of the following values: na → No divergence was detected, 1 → Regular Bullish, 2 → Regular Bullish early, 3 → Hidden Bullish, 4 → Hidden Bullish early, 5 → Regular Bearish, 6 → Regular Bearish early, 7 → Hidden Bearish, 8 → Hidden Bearish early.
Parameters:
signal : The signal from The Divergent indicator.
Returns: A 5-tuple with the following values: [ int divergenceType, int priceBarIndexStart, int priceBarIndexEnd, int oscillatorBarIndexStart, int oscillatorBarIndexEnd].
[JL] Stochastic Divergence AlertCompare two cross area:
k is increasing, low is lower and previous k is less than bottom level then it is bottom divergence
k is decrease, high is higher and previous k is more than top level then it is top divergence
With long term moving average(400), seems that Stochastic Divergence is more accurate than RSI Divergence on 1m chart.
TSI in Dynamic Zones with Divergence and Pivot PointsTrue Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, General Trendlines , Fib Retracements etc. Your chart is approaching a very important Resistance Trendline but the TSI shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed through and becomes Support in the future.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots . They show when the TSI oscillator might reverse, this is important to know because many times the price action follows this move.
What are these blue or orange areas?
- Those are dynamic zones. For the analysis of the TSI its important to know if the indicator is in a state of oversold or overbought to filter out ranging price movement. Normally those zones are static, in this version of the TSI oscillator dynamic zones were added to show a dynamic calculation whether the TSI oscillator is oversold, overbought or ranging.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Baekdoo compressed multi EMA box and its crossover indicatorHi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo compressed multi EMA box and its crossover indicator tells us good trading time for swing trading.
Here is the idea. As you can see formula, I put ema of 5 days to 100 days.
and draw box when all disparity of the EMAs are less than 5%
I put those value in input variable as 105 (100 means same as max/min disparity ratio, 105 means max is 5% greater than min). This can be used 110 (10% of box) based on your needs.
Once box are drew, I put indicator when it crossover the box with 5 times larger than 60 days' highest volume. Then I put triangle indicator. This will be good trading point for short-mid term trading. you can check historical chart to evaluate this.
Hope this will help your trading on equity as well as crypto. I didn't try it on futures . Best of luck all of you. Gazua~!
+ Rate of ChangeNOTE!* If you were using my previous + Rate of Change (and OBV) indicator, I will not be updating that. OBV was moved to my + Breadth & Volume indicator.
This indicator here is basically and updated version of the old indicator, without OBV.
The Rate of Change, or RoC, is a momentum indicator that measures the percentage change in price between the current period and the price n periods ago.
It oscillates above and below a zeroline, basically showing positive or negative momentum.
I applied the OBV's calculation to it, but without the inclusion of volume (also added a lookback period) to see what would happen. I rather liked the result.
I call this the "Cumulative Rate of Change." I only recently realized that this is actually just the OBV without volume, however the OBV does not have a lookback period, and this indicator does.
Doing some more fiddling, I realized that removing both the signum and the volume from the calculation gets you basically a price chart, but calculated as the change in price over n periods. I'm leaving this in because maybe someone discovers they really like having a line chart with moving averages or some other indicator on it to leave their main chart indicator free (giving a more clear look at price action). Can't hurt, right?
Default lookback is set to 1, but play with longer settings (especially if using the traditional RoC, which is by default in TV set to 10, and is nigh on useless at 1--I like 13).
Default source is set to each candle close, but give ohlc4 a look. It smooths out the indicator a bit, and because it's an average of the open, high, low, and close it should give a better idea of what price in general is doing.
Moving averages, Bollinger Bands, Donchian Channels, candle coloring and alerts are my usual additions.
Below are some comparison images of the different indicators wrapped up in here.
Comparison of Cumulative Rate of Change with two different sources. Lookback set to 1.
Cumulative Rate of Change as a price chart, essentially.
And, lastly, the traditional Rate of Change indicator.
Inverse Divergence [HeWhoMustNotBeNamed]Experimental.
In regular scenario divergence calculation follows these procedure
Pivots on price are considered as primary source
They are compared with pivots on oscillators
Trend bias of price is used
This is an experimental version where
Pivots on oscillators are considered as primary source
They are compared with pivots on price
Trend bias of oscillator is used. Using percentrank to define oscillator trend
Caution: Not meant for trading :)
+ REX OscillatorSo, what is the REX oscillator, you might be asking yourself.
"The Rex oscillator is an indicator that measures market behavior based on the relationship of the close to the open, high and low values of the same bar. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close indicates strength. The difference between open and close also indicates market performance."
The True Value of a Bar (TVB) gives an indication of how healthy the market is. A negative close and a positive TVB (or vice versa) is an indication of the market building strength on the opposing side of the trend. The Rex oscillator is a moving average of the TVB value with the specified period.
I first came across this watching one of many No Nonsense Forex videos. Mostly, from comments I've read, it is used as an exit indicator for people who trade with a system similar or identical to the one VP espouses in his NNFX blog. I think it's perfectly apt to use as an entry indicator as well, or even as both, perhaps, depending on the moving average you chose to apply to the TVB.
There are a few other versions of this on tradingview, but I thought I'd make an updated version. Added Donchian Channels because I like the idea of a dynamic sort of overbought/sold area. I left out the basis because the indicator pivots around a center line, and has a signal line as well. A basis line just seemed like too much, and would likely not be very useful.
The additional usual things that I incorporate into my indicators are included here: optional candle coloring, alerts, and probably a too large selection of moving averages.
Credit to Nemozny for the FRAMA calculation. I may add that to other indicators I have.
Binary ComboThis script combines Stochastic Divergence and WaveTrend Crosses.
Stochastic Divergence may be useful for seeing a shift in momentum before the price action reflects it.
WaveTrend gives us context to the short term trend.
You can combine these together to find good entries.