This is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0. Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!
DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's...
Volume indicator judging level of volume per bar accordingly to Volume Spread Analysis rules. It allows either to set static volume levels or dynamic ones based on ratio comparable to Moving Average. Bars are coloured based on ratio or static levels, visually presenting level of Volume (low, average, high, ultra high).
Measures spread of the candle, useful especially for Volume Spread Analysis (VSA) and to measure trend strength. Spread is coloured based on level comparable to Moving Average.
The Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think. Let me know if you would like to see me write any other scripts!
This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX. Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days. This indicator is meaningful only for SPY but can be used in any other instrument which has a...
The On Balance Volume Reflex Indicator was developed by Fred Purifoy (Stocks & Commodities V 6:4 142-144) and it is similar in calculation to the On Balance Volume indicator but uses a lookback period for the change comparisons. Buy when the OVR is above the signal and sell when it falls below the signal. I have included my On Balance Volume Modified Indicator to...
McClellan Oscillator for cryptocurrency, taking into account only the top 40 cryptos. Original code was by LazyBear.
This script measures percentage of ADL movement relative and difference to Stock Price movement, in a core this measure reflects "how in-the-market (ADL) volume moves Stock Price". The higher green line, the easier prices moves higher, the smaller black line (ADL - Price difference) the more price reflects volume movements (e.g. ADL up -> Stock Price up same amount)
I have seen a few RVOL scripts floating around out there, but when creating alerts, the parameters have not been labeled clearly that makes it easy to say: "Alert me when RVOL crosses up my Treshold." Look no further than my retooled version that clearly separates the two data series by color and label. Enjoy!
Displays Leg Outs & Indecission Candles. Parameters can be adjusted: - Length: the number of candles used for calculating the AVG body. - Legout Scale: the scale factor of the legout based on the AVG. of previous lenght candles - Indecission candles: Indecission candles which body are lower than % range of the candle
What is the force index ? The force index is an oscillator used to confirm price breakout strengths and identify potential trends. It was popularized by A. Elder. How the force index is computed ? Knowing that volume is the fuel of a price movement, reliable breakouts and trend continuation are more likely to occur on high volume breakouts. This is why the...
Dynamic Money Flow is a volume indicator based on Marc Chaikin's Money Flow with a few improvements. It can be used to confirm break-outs and trends. Zero line crosses and divergences can provide useful signals while considering chart analysis as well. Two weaknesses of CMF have been already fixed by Colin Twiggs (IncredibleCharts)... 1.CMF uses Chaikin's...
Idea : Idea of script is getting the volume of index BNF and NIFTY50 ( as Tradingview don't provide the volume information of the indexes ) How it works : Script works on getting the weighted volume of underlying stocks and the plotting them by weight in volume Benefits: 1. Can server as example how, once can plot the mixed volume of symbols 2. Will help the...