Magma MomentumThis is a simple and easy-to-read momentum indicator that can help you identify divergences and shifts in momentum.
A divergence is when price moves in one direction but the indicator moves in the opposite direction. This typically is a sign of price exhaustion and can indicate that price is about to reverse, at least momentarily.
Here is a comparison with RSI (relative strength index) and some examples of divergences.
Enjoy.
Divergences
Pro Ecometrics [by @Amu_Arsalan] ✔ Intro
As a day trader, this is one of my main strategies to trade with, I have been developing this strategy last 6 months. this strategy helps me make great trades more confident. I wish this could help you make great trades as well
✔ OVERVIEW
This is a combination of linear regression for trend analysis and auto plot channel and divergences for 9 oscillators and indicators in 5 different candle range lookback.
✔ CONCEPTS
As a trader, you probably know how to trade with channels and trend lines, but we need more confirmation before we dive into a trade, Divergences are one of the most accurate and reliable confirmations for this purpose. So I combine these as a strategy. when I see a confluence in divergence signal and trend line (regression), it has a great chance to see a reversal.
✔ Divergences
Show both Bearish and Bullish Divergences fully detailed for normal and hidden divergences it plots a label with indicator names and its values that make this divergence occur. it could calculate divergences for 9 oscillators and indicators for 5 lookback periods.
✔ Trend Line
It has editable settings such as lookback period, source, and even color changing. by default, it makes a linear regression for the past 100 candles.
Bogdan Ciocoiu - MoonshotDescription
Moonshot is an indicator that encapsulates the value delivered by the TSI, MACD, Awesome Oscillator and CCI algorithms to produce signals to enable users to enter positions in ideal market conditions. Moonshot integrates the value delivered by the above four algorithms into one script.
This indicator is particularly useful when trading continuation/reversal divergence strategies.
Uniqueness
The Moonshot's uniqueness stands from integrating the above algorithms into the same visual area and leveraging preconfigured parameters suitable for 1-3 minute scalping techniques.
In addition, Moonshot allows swapping or furthermore configuring the above four algorithms in such a way to align signals by colour-coding or shape thickness to aid the users with identifying any emerging patterns quicker.
Furthermore, Moonshot's uniqueness is also reflected in the way it has standardised the outputs of each algorithm to look and feel the same (including the scale at which the shapes are shown) and, in doing so, enables users to plug them in/out as needed.
Open-source
The indicator leverages the following open-source scripts/algorithms:
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
[_ParkF]KDJThis indicator is based on price fluctuations.
It is a trend indicator that uses changes in K, D, and J values as a calculation formula.
Like my previous indicators, Divergence was included.
The movements of the K, D, and J lines are also shown through the histogram.
The Period value and color of each line can be modified.
The color of the histogram can also be modified.
I hope you will use this indicator differently from the usual one with overbuying and overselling sections.
We do not recommend entering the position when J Line enters the red area,
which is the over-buying section of this indicator, and the green area, which is the over-selling section.
Based on J Line's entry into overbuying and overselling areas,
it is recommended to watch future trends, check overlapping with divergence signals or RSI+ indicators
and determine with support and resistance in parallel channels or trend lines to increase reliability of position entry.
I hope it will help you with your trading.
hope you become rich!
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이 지표는 가격 변동을 중심으로 한 지표입니다.
K, D, J 값의 변화를 계산식으로 사용하는 트렌드계 지표입니다.
기존의 제 지표와 마찬가지로 Divergence가 포함되었고
K, D, J 선의 움직임은 히스토그램을 통해서도 나타나게 됩니다.
각 선의 Period 값, 색상을 수정 가능하며
히스토그램의 색상 또한 수정이 가능 합니다.
이 지표는 과매수, 과매도 구간이 있는 일반적인 지표의 사용법과는 다르게 사용하셨으면 좋겠습니다.
과매수 구간인 빨간색 지역과 과매도 구간인 초록색 지역으로 J Line이 진입했을 때 포지션 진입을 하는 것은 추천 드리지 않습니다.
J Line이 과매수, 과매도 지역으로 진입했을 때를 기준으로 향후 추세를 지켜보고
다이버전스 신호 또는 제 지표인 RSI+ 지표와의 중복 확인,
선형회귀( parallel channel )나 추세선에서의 지지, 저항과 함께 판단하여 포지션 진입의 신뢰도를 높혀주는 형태로 사용하시길 권장 드립니다.
당신의 트레이딩에 도움이 되었으면 합니다.
부자되세요!
[UPRIGHT] Awesome DMI+Hello Traders,
Today I'm releasing a spin on an 'oldie but goodie'; the Directional Movement Index (DMI).
DMI is a combination of 3 different indicators developed by the famous J. Welles Wilder. DMI has 3 different plots: the ADX, +DI, and -DI. The first is the ADX (Average Directional Index), which Wilder created in 1978 to show the strength of a trend by comparing the current price with the previous price range. The other two are the +DI (positive directional indicator) and the -DI show up as two separate lines, +DI is the difference between the highest price of the current day and the highest price of the day before, and -DI does the same calculation with the current and previous day's lows.
How does it work?
When the ADX line is above 25 (as a general rule, some traders use a different threshold, +/- 5), the trend is strong. When the +DI line is above the -DI line, the asset (stock) is moving in an uptrend, and the opposite means the asset is in a downtrend.
How is this different?
Uses multiple calculations to produce signals for an indicator than normally doesn't have any.
Multiple ADX's, +DI's, and -DI's for better accuracy and clearer direction changes.
Ability to use 2 different background highlight signals and several buy/sell signals.
Fully customizable (as always), ability to turn on or off any signals, change any of the colors to suit your needs.
Added pre-filled Alerts.
The ribbons created by the fill make it easier to see the change in direction of each plot.
The chart should look like:
Cheers,
Mike
(UPRIGHT TRADING)
Better Divergence On Any Indicator [DoctaBot]This is an expansion of the Tradingview built in Divergences indicator (bottom) with 2 MAJOR differences.
First, and most importantly, the built in indicator identifies pivots in your chosen oscillator, but then utilizes the corresponding candle's HIGH or LOW to identify potential divergences. I'm not a fan of this method because oscillator values are typically calculated using the candle CLOSE values, so, in my opinion, divergences should be identified using the candle CLOSE value as well, as they are in this script.
Second, the built in divergence indicator only looks back one oscillator pivot for potential divergences. I coded this to look back one additional pivot as well to identify more valid potential divergences. The script will only identify these types of "multiple pivot divergences" if the oscillator pivot in between the two diverging pivots DOES NOT intersect the line being drawn them.
Notes for chart:
#1: This built in Divergence indicator misses this hidden bearish divergence because of the pivot in between (marked with red vertical line). No divergence exists between the most recent pivots, but it does if we compare it to the next one back.
#2: The RSI14 is making a lower high here, the first criteria for a bearish divergence. The built in Divergence indicator then references the candles' HIGHS. Because the most recent HIGH exceeds the previous one, it is considered a higher high and incorrectly identified as a bearish divergence. If we use the candle CLOSE price to identify divergences, this does not qualify.
#3: Here, we see both of the updates in action. Neither of these bearish divergences are identified with the built in Divergence Indicator. The first divergence s missed due to the use of candle HIGHS rather than closes; the original HIGH is greater than the next HIGH, however, comparison of closes shows that it is, in fact, a higher CLOSE. The second divergence is missed because original indicator can only look back one pivot and, consequently, misses the divergence between the next one back.
Please note, you may notice while using this script that some of the older divergences do not show any lines between the oscillator pivots. THIS IS NOT A BUG! In order to draw divergence lines properly for multiple pivots back, I had to use the line.new functions rather than plot functions. These line functions will delete old lines when a certain number have been drawn on the chart so these old ones are automatically erased as time passes.
[Rygel] MACD 4C with divergences, crossovers and alertsThis indicator is a reliable, exhaustive, instant, simple divergence detector for the MACD 4C oscillator.
I've struggled for months to find a MACD divergence indicator I can rely on, I've tinkered with the ones I found and never was satisfied by the final result. For all of them important divergences were not shown, for some divergences was shown too late, for others divergence lines was not drawn, some even shown some strange exotic divergences... I played will all the parameters and something was always wrong or missing at the end.
It was even worse for the MACD 4C indicator, the 4-color MACD, which I prefer to use.
So I finally decided to write my own divergence algorithm and to create my own indicator. After a few attempts, here's the result.
This MACD indicator is using the same divergence detection algorithm I wrote for my RSI indicator. You'll find on its description page a comparison of my divergence algorithm with other ones to see how it differs.
When I built this indicator, my objectives were to create one that is:
Reliable. I didn't want to have to double-check an indicator to make sure it's doing what I expect it to do. I want to be able to look at it for one second and know I can rely on it.
Exhaustive. I didn't want to have to rely on multiple indicators to be sure I'm not missing a divergence.
Instant. I wanted the divergences to be shown as soon as soon as they form and not after a pivot is confirmed. For some indicator, when the divergence is displayed, it's already too late to act on it.
Simple. I wanted my indicator to be clean, readable and not visually aggressive. The main objective of this indicator is to show divergences and I didn't want to visually overload it with unrequired information.
I wanted my indicator to be a simple as possible, nonetheless you'll find a few parameters to tinker with. Many of them will need no explanation but here's the list.
Show signal line: disabled by default. Show the MACD signal line.
Color signal line: disabled by default. Show the signal line as green when it goes up and read when it goes down.
Show signal crossovers: enabled by default. Show a green dot when MACD crosses up its signal line and a red dot when it crosses down.
Show zero line: enabled by default. Show a line at the 0 value.
Show zero crossovers: disabled by default. Show a green triangle when MACD crosses up the 0 line and a red triangle when it crosses down.
Show regular divergences: enabled by default.
Show hidden divergences: disabled by default for readability. I try to keep the indicator as clean as possible by default.
Bullish regular divergence color : no explanation needed I suppose.
Bullish hidden divergence color : same.
Bearish regular divergence color : ditto.
Bearish hidden divergence color : uhh.
Show overbought and oversell backgrounds : when RSI is oversold or oversell, the background color changes to red or green. The indicator uses two levels of oversold/overbought. When the RSI is strongly oversold/overbought the background color gets brighter. You can configure these levels in the advanced parameters.
Advanced parameters:
MACD fast moving average length: 12 by default.
MACD slow moving average length: 26 by default.
MACD signal moving average length: 9 by default.
Show divergences before pivot confirmation : enabled by default. Divergences will appear as soon as possible, before the pivot is confirmed by another candlestick. Unconfirmed divergences will appear as dashed lines then disappear if not confirmed or turn to solid lines if confirmed. This may create false positives with alerts as the divergence may disappear.
Minimum bars to check: 5 by default. As this indicator detects absolutely all the divergences, some may be insignificant and it may become unreadable without some filtering. If you want to see absolutely all the divergences, you may lower this value. Please note TradingView limits to 50 how many lines are displayed at the same time on an indicator. So when you display more divergences, some in the past disappear. It's not usually an issue but if you scroll back in time, divergences will stop to show at one point in the past.
Maximum bars to check: 75 by default. Divergences may go far in the past, this parameters limit how old a divergence may be. You can higher it to show more divergences.
Show pivots: disabled by default. Show the pivot points used for divergence detections.
This indicator offers the following alerts:
Any divergence
Bearish divergence
Bullish divergence
Regular bearish divergence
Regular bullish divergence
Hidden bearish divergence
Hidden bullish divergence
MACD becoming positive
MACD becoming negative
MACD crossing up signal line
MACD crossing down signal line
Please note TradingView limits for performance reason to 50 the number of lines you can display on an indicator at the same time. So when you scroll back in time, at one point divergences will stop to show. If you want to see divergences far in the past, you may need to use the replay feature or to configure stronger filtering settings.
I hope you'll enjoy this indicator as much as I do! :)
Feel free to comment if you experience a bug or if an important feature is missing for you. (Please note the core of this indicator is divergence detection, I want to keep it simple so I will probably not add many unrelated features to it.)
[Rygel] RSI with divergences and alertsThis indicator is a reliable, exhaustive, instant, simple divergence detector for the RSI oscillator.
I've struggled for months to find a RSI divergence indicator I can rely on, I've tinkered with the ones I found and never was satisfied by the final result. For all of them important divergences were not shown, for some divergences was shown too late, for others divergence lines was not drawn, some even shown some strange exotic divergences... I played will all the parameters and something was always wrong or missing at the end.
So I finally decided to write my own divergence algorithm and to create my own indicator. After a few attempts, here's the result.
At first. Please find below a quick comparison of this indicator with some of the most popular RSI divergence indicators on TradingView. I've hidden their names as it's not my intention to show them in a bad light. These indicators are great and some of you may even find them better than this one, they were just not what I was looking for.
You will most likely notice all of them are missing divergences but not always the same. You'll have to combine all of them to get (almost) all the divergences.
When I built this indicator, my objectives were to create one that is :
Reliable. I didn't want to have to double-check an indicator to make sure it's doing what I expect it to do. I want to be able to look at it for one second and know I can rely on it.
Exhaustive. I didn't want to have to rely on multiple indicators to be sure I'm not missing a divergence.
Instant. I wanted the divergences to be shown as soon as soon as they form and not after a pivot is confirmed. For some indicator, when the divergence is displayed, it's already too late to act on it.
Simple. I wanted my indicator to be clean, readable and not visually aggressive. The main objective of this indicator is to show divergences and I didn't want to visually overload it with unrequired information.
I wanted my indicator to be a simple as possible, nonetheless you'll find a few parameters to tinker with. Many of them will need no explanation but here's the list.
Show regular divergences : enabled by default.
Show hidden divergences : disabled by default for readability. I try to keep the indicator as clean as possible by default.
Bullish regular divergence color : no explanation needed I suppose.
Bullish hidden divergence color : same.
Bearish regular divergence color : ditto.
Bearish hidden divergence color : uhh.
Show overbought and oversell backgrounds : when RSI is oversold or overbought, the background color changes to red or green. The indicator uses two levels of oversold/overbought. When the RSI is strongly oversold/overbought the background color gets brighter. You can configure these levels in the advanced parameters.
Advanced parameters:
RSI source: "close" by default.
RSI length: 14 by default.
Show divergences before pivot confirmation : enabled by default. Divergences will appear as soon as possible, before the pivot is confirmed by another candlestick. Unconfirmed divergences will appear as dashed lines then disappear if not confirmed or turn to solid lines if confirmed. This may create false positives with alerts as the divergence may disappear.
Minimum bars to check: 5 by default. As this indicator detects absolutely all the divergences, some may be insignificant and it may become unreadable without some filtering. If you want to see absolutely all the divergences, you may lower this value. Please note TradingView limits to 50 how many lines are displayed at the same time on an indicator. So when you display more divergences, some in the past disappear. It's not usually an issue but if you scroll back in time, divergences will stop to show at one point in the past.
Maximum bars to check: 50 by default. Divergences may go far in the past, this parameters limit how old a divergence may be. You can higher it to show more divergences.
Use limits for divergences: enabled by default. Don't show divergences when they are above or below a threshold. Another filtering options to make sure only relevant divergences are shown.
Minimum value for bearish divergence: 40 by default.
Maximum value for bullish divergence: 60 by default.
Show pivots: disabled by default. Show the pivot points used for divergence detections.
Oversold level: 30 by default. A red background is shown when the indicator goes below this level.
Overbought level: 70 by default. A green background is shown when the indicator goes above this level.
Strongly oversold level: 20 by default. A brighter red background is shown when the indicator goes below this level.
Strongly overbought level: 80 by default. A brighter green background is shown when the indicator goes above this level.
Show moving average: disabled by default. Add a moving average to the indicator.
Moving average type: SMA by default. You may choose between Bollinger Bands, EMA, SMA, SMMA (RMA), VWMA and WMA.
Moving average length: 14 by default.
Bollinger Band standard deviation 2 by default.
This indicator has the following alerts:
Any divergence
Bearish divergence
Bullish divergence
Regular bearish divergence
Regular bullish divergence
Hidden bearish divergence
Hidden bullish divergence
Please note TradingView limits for performance reason to 50 the number of lines you can display on an indicator at the same time. So when you scroll back in time, at one point divergences will stop to show. If you want to see divergences far in the past, you may need to use the replay feature or to configure stronger filtering settings.
I hope you'll enjoy this indicator as much as I do! :)
Feel free to comment if you experience a bug or if an important feature is missing for you. (Please note the core of this indicator is divergence detection, I want to keep it simple so I will probably not add many unrelated features to it.)
RSI Divergences + Bollinger Bands█ OVERVIEW
Here's the RSI divergences with Bollingers bands.
█ CONCEPTS
5 features
1 — RSI
2 — Bollinger bands
3 — RSI signal is in another color when above 70 or below 30
4 — Looking for previous Divergences, Bullish, Bearish and Hidden Bullish and Bearish but I don't like Hidden divergences
5 — Color fill when overbuy or oversold
█ OTHER SECTIONS
I like to see it like a moutain, with snow on top and lake on bottom. I think you don't want to start walking at the top, nor sink to the bottom of the lake for ever and ever.
It is an idea of sjoerd , tip him if you like it.
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.
+ %UMAIf you are familiar with the %B for use with Bollinger Bands, then you will understand this indicator immediately.
Designed for use with my +UMA moving average, this works in exactly the same way, with a few differences.
First off, as you can choose on which type of moving average the calculations are made, so too you will want to match this up with the one you are using. That of course goes for the standard deviation as well (just like you would with Bollinger Bands and %B). Here, because the +UMA uses highs and lows to create a sort of moving average channel, and then also to create the bands, I've opted to set the inner part of the bands as the extreme edge that the %UMA equates with the upper and lower lines.
I've added a moving average, donchian channels, and auto-plotted divergences as well, if you like. Typical color related stuff that I do. Alerts for everything.
Hope you like it!
The above image is comparing two of the same indicator, but based on different moving averages, and how it might plot divergences differently between the two.
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
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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].
The Divergent - Advanced Divergence IndicatorAutomated divergence detection with unparalleled customizability for any market on TradingView.
This is the Basic (Free) version of The Divergent - Advanced Divergence Indicator .
Features :
1. Divergence detection for any market & any timeframe
Bitcoin? Tesla? Gold? You name it. The Divergent will spot divergences for you on any market and any timeframe.
2. Choose from 2 built-in oscillators
The Basic version of The Divergent comes with 2 built-in oscillators: MACD and RSI
3. Automated detection of Regular Bullish and Regular Bearish divergences
The Basic version of The Divergent can detect two types of divergences: Regular Bullish and Regular Bearish
4. Complete control over every aspect of divergence detection
The Divergent exposes over 40 different settings to allow you fine tune the divergence detection algorithm.
- Oscillator (MACD / RSI)
- Detect Regular Bullish Divergences
- Detect Regular Bearish Divergences
- Pivot Detection Source (Price / Oscillator)
- Source smoothing
- Candle Pivot Detection Mode (Bodies / Wicks)
- Pivot Lookback Right
- Pivot Lookback Left
- Divergence Max. Length
- Divergence Min. Length
- Number of Historic Pivots to Compare
- Pivot Correction
- Restrict Starting Pivot to a Single Divergence
- Allow Early Detection of Divergences
- Line of Sight filter
- Minimum Pivot Change filter
- Pivot Candle Color filter
- Moving Average Filter
- MACD settings
- RSI settings
5. Divergence statistics
6. Fully documented
The Divergent has each and every of its inputs documented via tooltips inside the settings panel. Simply hover your mouse over the ( i ) icon next each the input field to learn more about the purpose of the configuration.
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CryptoGraph MA DivergenceCryptoGraph MA Divergence is a multifunctional trading tool that identifies aspects of trend trading.
The indicator is based on moving averages, transformed into an oscillator. This way it becomes possible to get a better visualisation of MA's relative to each other, and more importantly, it enables us to spot divergences based on MA's.
This simply yet effective enhancement wasn't seen before as an oscillator, so I decided to make and share it.
Features of the indicator:
- Blue/Purple wave (Based on Moving Averages)
- White line (Average of Blue/Purple Wave)
- Green/Red Dots (Trend reversals)
- Red/Green lines (Wider red and green lines are regular divergences, thinner red and green lines are hidden divergences)
What to look for?
- A red or green dot may be a very early indication of a trend reversal, in times of consolidation they cluster together. Use other CryptoGraph indicators to filter these dot clusters.
- Blue/Purple wave crossing 0 line.
- Divergences. Divergences are automatically spotted in the indicator. HOWEVER, always try to find them manually, since the indicator won't be able to spot them all automatically.
For access contact me through TradingView or Discord.
Stochastic Weighted RSI w/ Divergence + Signals🐢 Tawtis' Stochastic Weighted Relative Strength Index , aka SWRSI
This indicator combines the Stochastic RSI and the classic RSI we all know and love to create a more effective indication of seller/buyer dominance, and in turn, trend. I have named it the "Stochastic Weighted RSI". The script also includes a standard RSI, so you can use both at the same time!
Loads of customisation, pretty much every input can be changed to fit your preferences, however, the default settings are what I would personally recommend for the best results. Either way, feel free to change them!
By looking at the indicator, you can also establish the trend that may follow in the candles to come.
Typically, an indicator reading of over 70 is considered overbought, and an indicator reading of under 30 is considered oversold.
The calculations for the SWRSI and its signals take into account a multitude of exponential moving averages, a Stochastic RSI and a classic RSI, among other things.
There are 2 types of signals provided by the indicator, being strong and weak. You do not have to follow these, and they aren't always accurate (it's impossible to be accurate 100% of the time), however, they can give a good idea of the trend that will ensue.
Strong buy signals are created when:
SWRSI is under 30
SWRSI is over the EMA (default 2) of the SWRSI
Short EMA (default 20) is under the long EMA (default 50)
Strong sell signals are created when:
SWRSI is over 70
SWRSI is under the EMA (default 2) of the SWRSI
Short EMA (default 20) is over the long EMA (default 50)
Weak buy and sell signals are printed as green and red background highlights, and operate the same as the strong buy and sells, without the short/long EMA criterion. Both of these signal types can be toggled off using the settings if you do not want to see them.
Enjoy!
Rainbow Indicator - Polfwack ProThis is a reverse engineered completely free Version of an Indicator that you would normally have to spend huge amounts of money on. I personally believe that no one should pay a fortune for access to an Indicator that contains huge amounts of freely available stuff.
This indicator claims to be even better than Market Cipher. Turns out it uses - just as Market Cipher, freely available Indicators and puts them in a nice looking package. I packed in as much as it made sense, the original Indicator is visually very cluttered with - in my opinion, too much random stuff that I have left out for a cleaner look, for example the truckload of entry signals, MFI and that Autotrendline feature that no one really needs because the human brain is way better at drawing lines.
Was is included? From top to bottom:
1st Bar -> Color coded RSI status. It shows Oversold and Overbought, Bullish, Hidden Bullish, Bearish and Hidden Bearish Divergences.
2nd Bar -> Color coded Market Structure Analyser. It shows if the market is currently ranging, bullish or bearish based on calculated pivots and outbreaks of said pivots. Bullish and Bearish breaks are also being printed.
Main Oscillator -> An Awesome Oscillator (AO) that prints bullish, hidden bullish, bearish and hidden bearish divergences as well as positive and negative Pivot Points.
Bollinger Bands -> They are following the AO and are color coded to the long term trend indicator for less visual clutter.
Secondary Oscillator -> Accelerator Oscillator (AC).
3rd Bar -> Color coded longer term trend indicator, it mirrors the color code on the Bollinger Bands. The original uses an ATR-based calculation, but I found a Kumo cloud to be more simple and more reliable for this kind of thing.
4th Bar -> Color coded mirror of the Accelerator Oscillator.
I tried to make the whole Indicator as adjustable as possible, most of the variables can be edited to your liking.
On the internet you can find all sorts of strategies for every single of the included indicators.
I hope that I have saved you at least some money. Good luck.
MechaOscillatorWhat is MechaOscillator?
MechaOscillator was created as a companion to our main script MechaAlgo. Using MechaOscillator along with MechaAlgo will allow you to boost your overall understanding of any market, and make more informed decisions as a trader.
Feature List
Built-In Improved WaveTrend Oscillator
Buy & Sell Signals
Bullish and Bearish Divergences
Short and Long Term Trend Indicators
Trend Strength Indicator
Market State Indicator
Real Time Informational Dashboard
Bullish and Bearish Breakout Indicator
Many More Features to Come!
By using this script you acknowledge that MechaOscillator cannot guarantee you profit, and that this product was only created in attempt to benefit traders. You also acknowledge that past performance is not indicative of future results, and that the experience of other users or what you see online may not always be your experience.
Divergence of Stocks Above MA50 v.s. US-Stock MarketEnglish:
This indicator has been developed as an early warning tool to estimate the probability of correction in the US stock market. It works best in the daily chart.
Function:
1.) "Index-line"
The underlying stock index is converted to a scale between 0% and 100% based on its 52-week highs and lows. Where 100% is closing price at 52-week high and 0% is closing price at 52-week low.
2nd) "Stocks Above MA50".
For each major stock index, there is an index that determines the percentage of stocks above its 50 moving average. For example, for the S&P 500, this is the S5FI.
3) "Divergence
In an efficient market, both lines (index and number of stocks above the 50 MA) would run more or less in sync. A new high in the index would also mean a new high in the stocks trading above the 50 moving average. Often, however, a correction in the index is announced when the number of stocks trading above their 50 MA do not make a new, or even a lower, high while the underlying index marks a new high. The divergence signal measures this divergence of the indices. The higher the bar, the more pronounced the divergence.
How to read the indicator?
If a divergence occurs, then the stops should be tightened. As with any indicator, false signals can occur because a divergence does not automatically lead to a correction. The higher the divergence is indicated, the higher the probability. The strength of a correction cannot be predicted with the indicator.
For which symbols does the indicator work?
The indicator works exclusively for the following symbols:
S&P500: SPX, SPY, ES1!, US500 Index above MA50: S5FI
Russel2000: IWM, US2000, RTY1!, RUT, IWO Index above MA50: R2FI
NASDAQ100: NDX, NAS100, NQ1!, US100, QQQ Index above MA50: NDFI
NASDAQ: IXIC, ONEQ, QCN1!, NDAQ Index above MA50: NCFI
NYSE: XAX, NYA Index above MA50: MMFI
DowJones100: DJX, DJI, DIA, MYM1!, YM1! Index above MA50: DIFI
DowJonesComp: DOW, IYY Index above MA50: DCFI
Deutsch:
Dieser Indikator ist als Frühwarninstrument zur Einschätzung der Korrekturwahrscheinlichkeit im US-Aktienmarkt entwickelt worden. Er funktioniert am besten im Tages-Chart.
Funktion:
1.) „Index-line“
Der zugrunde liegende Aktienindex wird bezogen auf seine 52Wochen Hochs und Tiefs in eine Skala zwischen 0% und 100% umgerechnet. Dabei sind 100% Schlusskurs auf 52-Wochen Hoch und 0% Schlusskurs auf 52-Wochen Tief.
2.) „Stocks Above MA50“
Zu jedem Hauptaktienindex gibt es einen Index, der den Prozentwert der Aktien über Ihrem 50 gleitenden Durchschnitt ermittelt. Beim S&P 500 ist das z.B. der S5FI.
3.) „Divergence“
In einem effizienten Markt würden beide Linien (Index und Anzahl Aktien über dem 50 MA) mehr oder weniger synchron laufen. Ein neues Hoch im Index würde auch ein neues Hoch bei den Aktien, die über dem 50 gleitenden Durchschnitt notieren, bedeuten. Oft jedoch kündigt sich eine Korrektur im Index an, wenn die Anzahl der Aktien, die über ihrem 50 MA notieren kein neues, oder sogar ein niedrigeres Hoch machen, während der zu Grunde liegende Index ein neues Hoch markiert. Das Divergenz-Signal misst diese auseinanderlaufen der Indices. Je höher der Balken, umso stärker ist die Divergenz ausgeprägt.
Wie ist der Indikator zu lesen?
Wenn eine Divergenz auftritt, dann sollten die Stopps enger herangezogen werden. Es kann wie bei jedem Indikator zu Fehlsignalen kommen, da eine Divergenz nicht automatisch zu einer Korrektur führen muss. Die Wahrscheinlichkeit ist um so höher, je höher die Divergenz angezeigt wird. Die Stärke einer Korrektur kann mit dem Indikator nicht prognostiziert werden.
Für welche Symbole funktioniert der Indikator?
Der Indikator funktioniert ausschließlich für folgende Symbole:
S&P500: SPX, SPY, ES1!, US500 Index über MA50: S5FI
Russel2000: IWM, US2000, RTY1!, RUT, IWO Index über MA50: R2FI
NASDAQ100: NDX, NAS100, NQ1!, US100, QQQ Index über MA50: NDFI
NASDAQ: IXIC, ONEQ, QCN1!, NDAQ Index über MA50: NCFI
NYSE: XAX, NYA Index über MA50: MMFI
DowJones100: DJX, DJI, DIA, MYM1!, YM1! Index über MA50: DIFI
DowJonesComp: DOW, IYY Index über MA50: DCFI
QF OBVMQF OBVM calculates momentum using Ehler's dominant cycle and derived from the on balance volume. It provides oversold and overbought levels and suggests mean reversion as well as divergences and momentum shift detection.
Divergence Indicator with alertsFirst time I've published a script so go easy!
All credit goes to @yatrader2 for the script, I have just made it easier to set alerts on it.
Enjoy!
BOSCILLATOR. A BOSS OSCILLATORI would like to first say I do not the indicator pieces. Would like to personally give thanks and credit to @MarkBench for coding this indicator and helping to get my vision for this system finally able to be published and used by anyone. I would also like the thank @lazy bear and @ChrisMoody for their bringing the Firefly oscillator and the SCHAFF TREND and the PPO price percentage oscillator to trading view. and @scilentor for his version of Godmode with LSMA . Thanks to @Shizaru for bringing Frama moving average (which we have adopted into the PPO as one of the base selections for the first time, as well as the ALMA ). Divergences have also been added. and components of the firefly have been removed such as the histogram. I have added two oscillators in the picture. The bottom is the standard settings. The above is how I prefer mine to look after tweaking the settings.
Before I get into explaining how its used. I want to say all the indicators are open and none privately owned or at least owned by indivduals who brought them to trading view. Any due permission is granted at my disclocsure. I also want to say this is not your typical mashup of indicators as the is a very clear way to view and use this specifically. Also I want to say original tools from their original scripts are also improved. For example the PPO being used we have added the FRAMA and ALMA moving average basis option which it did not have before. And now everything has clear divergences and some other minor changers. but here are the rules and examples.
THE BOSCILLATOR - A MULTI-LEVEL CONFLUENCE/CONFIRMATION FILTER VISUALIZATION
Some shorthand
(Main oscillator - firefly)
(background wave thing - PPO )
(the red vertical up and down line with red and green dots - STC )
(the blue, yellow and red dots - warning dots)
WHO IS THIS INDICATOR FOR? - This indicator itself is not meant to be a signal giver to buy or sell right now even though it could be and some of the original scripts are used as such. This indicator is actually meant to be a VISUAL CONFIRMATION & FILTER for trades taken in other methods outside of this indicator. What are some of those methods that may benefit from having this? Pivot point traders, FIB traders, Bollinger band traders, Moving average traders.. just to name a few. This indicator itself is meant to in a quick glance allow the trade to see the condition of many different elements outside of the main price and chart, and determine if that trade looks like it has too much risk, or if that trade looks suitable. It also provides a series of confirmations that could be used for adding to a position at different levels at the trade's discretion.
OPTIMAL CONDITIONS FOR CONSIDERING A SHORT = The PPO is orange/red + the STC is at the TOP + the Firefly is above the midline. The warning dots are being printed at the top. There is regular or hidden bearish divergence present.
OPTIMAL CONDITIONS FOR CONSIDERING A LONG = The PPO is light/dark green + the STC is at the BOTTOM + the Firefly is below the midline. The warning dots are being printed at the bottom. There is regular or hidden bullish divergence present.
Triggers for scaling/adding into your position = Keeping in mind that this oscillator on its own is not meant to be the sole reason for taking a trade, here are some triggers you will see for getting into position (preferably with the optimal conditions being met) The firefly flips from a green line into a red slide and vise versa. The firefly crosses the midline up or down. The STC begins going up/down and triggers a green or red dot while crossing one of the levels at 20 or 80. The warning dots being made begin to be printed lower/higher than the dot before last. The PPO shift from one color to the next in the favored direction of the trade you wish to make.
Signs for taking profit and protecting your trade = The Dots begin to print, the PPO changes colors at the top or bottom. the STC arrived are the top.
FILTER SITUATIONS TO AVOID TRADES = Wise to not take a trade if the PPO and the firefly do not agree. For example - if the PPO is showing green yet the firefly is still red may be an indication that it is getting a bit late for you to enter the trade. Same with opposing divergences and warning dots contradicting the trade you are looking at. The STC being already on the bottom or top may be a small indication that trade may already have been a little too ripe, but on its own is not always the case.
When selecting the PPO settings and moving average you are going to want it to be in favor of what you are trying to accomplish.IF you are one low time frames and trying to swing or scalp trade... chances are you want a reactive MA setting that iss responsive. Iwould recommend the HULL, ALMA, TEMA DEMA. For the Higher time frame the EMA or the T3 WDma can be wuite patient and helpful for a constant reminder of caution
Some notes - for the swing and scalp trading... in my experience the PPO moving average basis sees more responsive changes with the FRAMA , ALMA , HULL settings. for entering a trade, at least a couple of your triggers being present increases the success rate by a lot.
This chart illustrates the usefullness of having a Zero lag function for the firefly. The firefly should not be taken for signals or trades itself. However it is the most precise finder of divergences within the system. It is aways good to flip on and off zero lag just to take a quick look for divergences you might have mixed.
In this chart illustrates the general visual look and order of events to guide you along your way. Starts with the PPO turning green or red or orange which is potentially time to get out of your current trade. Then it switched colors when reversal begins and that is when you want to at the same time see the STC, the firefly, and lower caution dots coming in around the same area (highlighted in blue squares). Now near the end you see a red box. This is a filter aspect. The PPO is green, yet the others are saying down/short. This does not mean it must be a long, however it is great warning to maybe avoid getting to bearish for the downside in that time. You want the PPO and line up with the others and it should be visually apparent that they all want to go the same way.
Here is a list of some key elements (before changes this script made) of parts this oscillator includes. My original publication of my oscillation setup was blocked by the mods here.. this one however includes a large variety of items that have been altered from their original formats and a well-explained trading system to use it with.
// Firefly
Firefly Oscillator
// PPO
PPO PercentileRank Mkt Tops & Bottoms (@PuppyTherapy)
// Divergence
Divergence Indicator (any oscillator)
// Godmode
Godmode3.2+LSMA
// Schaff
Schaff Trend Cycle
// Frama
(FRAMA) Fractal Adaptive Moving Average
Market Flow IndicatorHOW IS THIS INDICATOR DIFFERENT ?
This is a forked and even simpler version of the premium indicator Trend Volume RSI Analysis . Please, read its description on my profile page so that you can understand what changes have been made here and why.
Although in Trend Volume RSI Analysis you have only one parameter to configure (length), you need to choose between 3 options for the analysis - Trend, Volume, or RSI. You also have an option to highlight the buy and sell zones. For me, this is a lot of switching. Alternatively, if I want to see the whole picture, I have to apply the indicator twice or even three times, which limits the space on my screen for the candlestick chart. However, a lot of work has gone into creating that indicator and it works great. If it isn't broken, why fix it, right?
So, I forked Trend Volume RSI Analysis and modified some of the formulas, as well as effectively combined the Trend and the RSI parts into one simpler indicator. No more switching. Also, the Buy and Sell colors change based on crossovers. No more zones either.
WHAT DOES THIS INDICATOR DO ?
Market Flow Indicator shows two things - price direction (blue line) and momentum (green line). In the first screenshot below the indicator is applied to the 1h chart of SPX500 to show direction and on the second screenshot I use a 1h chart of BTC/USD in which you notice divergence, formed as a result of exhausted momentum. The indicator works equally well with cryptocurrencies, indices, commodities, and currency pairs.
The line colored in green and red is a modified RSI and the blue line is called Momentum (those are their names for now, but please check the updates below if anything has changed). Their colors are configurable in the settings panel.
In order to standardize the numbers without any modifications to the formulas, the RSI numbers are brought down by 50. In other words, the equivalent of an RSI overbought extreme (100) is 50 in the Market Flow Indicator, and the equivalent of an oversold extreme (0) is -50 in this indicator. Default lines here are set at 25 and -25, which are the equivalent of 75 and 25 respectively.
That's pretty much it. The idea behind Market Flow Indicator was to be super simple and to be used with minimum configuration if any at all. Once you get a grasp of it, it shouldn't take you more than a few seconds to know if you should stay flat or look for a long/short position.
HOW MUCH DOES IT COST ?
Although this may look like a simple indicator, I have spent a great deal of time testing and optimizing it to achieve this level of simplicity and practicality. Also, I will continue to update Market Flow Indicator as well as introduce user-requested features if they will improve its overall performance. For these reasons, this is a paid indicator, but I do give a free trial so that you can test it out for yourself. If you want to gain access, please use the provided information below or just message me. Thank you for your time.
Disclaimer: The purpose of all indicators is to indicate potential setups, which may lead to profitable results. No indicator is perfect and certainly, no indicator has a 100% success rate. They are subject to flaws, wrongful interpretation, bugs, etc. This indicator makes no exception. It must be used with a sound money management plan that puts the main emphasis on protecting your capital. Please, do not rely solely on any single indicator to make trading decisions instead of you. Indicators are storytellers, not fortune tellers. They help you see the bigger picture, not the future.
Composite Index Divergence IndicatorComposite Index by Constance Brown mixed with built-ins Divergence Indicator
useful indicator to find divergence
this script find divergence automatically for you
(VIP) MACD & Stochastic Alignment Oscillator v2Oscillator is combining MACD with Stochastic oscillator. When both, MACD and Stochastic are aligned with direction of trend, it improves probability and strength of such signal. There's possibility to also activate second Stochastic as additional confirmation of the signal. One of winning setup is to keep MACD settings standard - 12,26,9 and both Stochastics with slightly longer settings - 14,7,7 & 21,14,14. Figures at top are displaying trend coming from MACD . Background is coloured when all signals are aligned. Stochastic is generated signal only if it travelled back recently from overbought/oversold zone - this improves reliability of generated signals.
Alerts are included to inform when trend is aligned.
If you're interested in access for oscillator, please DM me on Tradingview.com ;)
