The True Emotion Oscillator is a combination of multiple signals such as stochRSI, Macd, Fisher, etc to gauge the emotion of the market based on a -100-+100 scale. I wanted to incorporate a visual style that would appeal to people while keeping it simple. This indicator also has divergence detection built in, but I think it lags behind based on the filter...
Checks what the average true range is for the X amount of trading days. Then will also label the ATR from the low, and the ATR from the high of the current day.
A second label can be created dependent on current days RVOL %. If RVOL is not 0 or 1, then it will create the second label. Otherwise it will just leave it as the standard label.
The calculation for...
This script is good to use with Williams %R indicator, to find out when price has bottomed out.
ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy.
You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area...
TRR calculates the volatility of your stock. This is just the magnitude of each days price fluctuations, or what technicians refer to as the True Range. TRR averages the True Range (ATR) over three different time periods.
Why three? You want a sensitive indicator that reflect both the long term historical volatility of the equity as well as what that...
Hello !!
This is a big upgrade on my earlier Indicator called "RVOL - R4Rocket". I could have updated the existing script, but there were two reasons for me to not do so.
1. I changed a lot of the previous code and added a lot of statistics like
a. Intraday Daily ATR Plot
b. Progressive (High - Low) Range as % of...
The “Golden Cross” of the 50 and 200 day SMA is not the most accurate combination profit-wise.
Testing of 1750 combinations over 300 years of data across 16 global markets revealed that the EMA produces better results than the SMA and the best settings are that of a 13 / 48 EMA Crossover.
Research credit to - etfhq.com
Ultimate MACD ( UMACD ) includes True MACD fix, normalized MACD, multi time frame, bar coloring, and false cross avoidance options. It can also replicate Bill Williams Awesome Oscillator and Accelerator Oscillator. By default, this indicator is configured to work like the built-in MACD indicator. You need to customize it to your liking. Chart below shows example...
This indicator is based on true strength indicator with wave trend oscillator.
Disclaimer: All the signals it is giving is based on the market movements only. I am not responsible for your PNL if you follow this indicator.
*Caution: Beta version
The enhanced version of %ATR of "codermua"
The %ATR calculated by EMA(red) , SMA(purple) and WMA(yellow) added to existing indicator which include only RMA(blue) calculation.
Given enough time, market tends to oscillate around the true price. The true price slope gives information about the long term trend. Ro True Price lights red when the trend is down, green for up. If the color is blue market is in a decision period. For intraday lower the precission value to make signal sensitive to short term action.
![BTCUSD: Ultimate MACD (UMACD) [cI8DH]](https://s3.tradingview.com/y/YBtWm8i0_mid.png "Ultimate MACD (UMACD) [cI8DH]")
