Here is an indicator with 4 options:
- OBV
- MACD (uses default EMA, you can change this to SMA)
- AC
- AO
All accompanied with my "Divergences (Pivots)" with 3 settings:
- 'Long Period', default checks 19 bars to the Left (="History") and 1 bar to the Right (="Future")
- 'Medium Period', default checks 14 bars to the Left (="History") and 1 bar to the Right (="Future")
- 'Short Period', default checks 9 bars to the Left (="History") and 1 bar to the Right (="Future")
When choosing an indicator, it comes with their accompanying "Divergences"!
Each Bar checks an amount of Bars at the Left (="History") and Bars to the Right (="Future"), insuring this particular Bar is the Highest or Lowest of them all at "close",
this is compared to the or or and so we have our Divergences.
There is always a slight delay (number of Bar(s) at the Right side (="Future")
If you like a setting, where the amount of “RightBars” equals the ”LeftBars” you can enable the " > Only change 'LeftBars'" button.
Then you only have to adjust the amount of “LeftBars” and the amount of “RightBars” automatically will be the same.
Bullish divergences are "Green"
- 'Short' - 'Medium' "period" > "▲"
- 'Long' "period" > "⇧"
Bearish divergences are "Red"
- 'Short' - 'Medium' "period" > "▼"
- 'Long' "period" > "⇩"
Hidden divergences ( Bullish and Bearish ) are:
- 'Short' - 'Medium' "period" > "▲▼" - "White"
- 'Long' "period" > "⬆︎⬇︎" - "Yellow"
Since for me, at this moment, it is impossible to let this indicator work as our eyes work, it will miss sometimes. I've tried to solve this by putting 3 different "Periods",
but it is not perfect, so look at it as an aiding tool, a "hint" so you can look in detail if there is something of importance or not.
What also helps is to switch timeframes.
For example on a 1 hour chart a "Highest" point can be missed sometimes, but could be perfectly visible on a 2 or 4 hour chart.
Also, try to change the numbers in a way that suits you the best.
Enjoy!
- OBV
- MACD (uses default EMA, you can change this to SMA)
- AC
- AO
All accompanied with my "Divergences (Pivots)" with 3 settings:
- 'Long Period', default checks 19 bars to the Left (="History") and 1 bar to the Right (="Future")
- 'Medium Period', default checks 14 bars to the Left (="History") and 1 bar to the Right (="Future")
- 'Short Period', default checks 9 bars to the Left (="History") and 1 bar to the Right (="Future")
When choosing an indicator, it comes with their accompanying "Divergences"!
Each Bar checks an amount of Bars at the Left (="History") and Bars to the Right (="Future"), insuring this particular Bar is the Highest or Lowest of them all at "close",
this is compared to the or or and so we have our Divergences.
There is always a slight delay (number of Bar(s) at the Right side (="Future")
If you like a setting, where the amount of “RightBars” equals the ”LeftBars” you can enable the " > Only change 'LeftBars'" button.
Then you only have to adjust the amount of “LeftBars” and the amount of “RightBars” automatically will be the same.
Bullish divergences are "Green"
- 'Short' - 'Medium' "period" > "▲"
- 'Long' "period" > "⇧"
Bearish divergences are "Red"
- 'Short' - 'Medium' "period" > "▼"
- 'Long' "period" > "⇩"
Hidden divergences ( Bullish and Bearish ) are:
- 'Short' - 'Medium' "period" > "▲▼" - "White"
- 'Long' "period" > "⬆︎⬇︎" - "Yellow"
Since for me, at this moment, it is impossible to let this indicator work as our eyes work, it will miss sometimes. I've tried to solve this by putting 3 different "Periods",
but it is not perfect, so look at it as an aiding tool, a "hint" so you can look in detail if there is something of importance or not.
What also helps is to switch timeframes.
For example on a 1 hour chart a "Highest" point can be missed sometimes, but could be perfectly visible on a 2 or 4 hour chart.
Also, try to change the numbers in a way that suits you the best.
Enjoy!
Информация о релизе:
Added an extra plot line to the "Accelerator/Deceleration Oscillator" and the "Awesome Oscillator" for better interpretation,
this line also changes colour according to the Histogram.
The 0-line in "MACD", "Accelerator/Deceleration Oscillator" and the "Awesome Oscillator" changes colour as well according if the movement is above or below the 0-line
Also added green & orange dots in the "Accelerator/Deceleration Oscillator" and the "Awesome Oscillator"
Dots "Awesome Oscillator":
"Saucer" (3 bars signal) is:
a buy signal when the bars are above the 0-line and:
- second column is falling lower than the first one (red coloured)
- third column is rising higher than the second (green coloured)
a sell signal when the bars are below the 0-line and:
- second column is rising higher than the first one (green coloured)
- third column is falling lower than the second (red coloured)
"Zero line crossing" (2 bars signal):
- when the bars crosses the 0-line
Dots "Accelerator/Deceleration Oscillator":
DON'T buy when the current column is red,
DON'T sell when the current column is green.
If Acceleration/Deceleration is above the 0-line, then it is usually easier for the acceleration to continue the upward movement (and vice versa in cases when it is below the 0-line).
Unlike with the "Awesome Oscillator", when the 0-line is crossed, this is not a signal. The only thing what matters for making decisions is detecting colour changes.
Buy signal (2 bars signal):
- when the indicator is above the 0-line > 2 consecutive green columns
Buy signal (3 bars signal):
- when the indicator is below the 0-line > 3 consecutive green columns
Sell signal (2 bars signal):
- when the indicator is below the 0-line > 2 consecutive red columns
Sell signal (3 bars signal):
- when the indicator is above the 0-line > 3 consecutive red columns
this line also changes colour according to the Histogram.
The 0-line in "MACD", "Accelerator/Deceleration Oscillator" and the "Awesome Oscillator" changes colour as well according if the movement is above or below the 0-line
Also added green & orange dots in the "Accelerator/Deceleration Oscillator" and the "Awesome Oscillator"
Dots "Awesome Oscillator":
"Saucer" (3 bars signal) is:
a buy signal when the bars are above the 0-line and:
- second column is falling lower than the first one (red coloured)
- third column is rising higher than the second (green coloured)
a sell signal when the bars are below the 0-line and:
- second column is rising higher than the first one (green coloured)
- third column is falling lower than the second (red coloured)
"Zero line crossing" (2 bars signal):
- when the bars crosses the 0-line
Dots "Accelerator/Deceleration Oscillator":
DON'T buy when the current column is red,
DON'T sell when the current column is green.
If Acceleration/Deceleration is above the 0-line, then it is usually easier for the acceleration to continue the upward movement (and vice versa in cases when it is below the 0-line).
Unlike with the "Awesome Oscillator", when the 0-line is crossed, this is not a signal. The only thing what matters for making decisions is detecting colour changes.
Buy signal (2 bars signal):
- when the indicator is above the 0-line > 2 consecutive green columns
Buy signal (3 bars signal):
- when the indicator is below the 0-line > 3 consecutive green columns
Sell signal (2 bars signal):
- when the indicator is below the 0-line > 2 consecutive red columns
Sell signal (3 bars signal):
- when the indicator is above the 0-line > 3 consecutive red columns
Информация о релизе:
Added "Sensitivity" of "Divergences": if ⩾2 then the value is compared with ⩾2 previous values, making the sensitivity higher
(default setting = 3, if you like previous setting, just change to "1")
Example:
"Sensitivity"
"Sensitivity"
"Sensitivity"
"Sensitivity"
"Sensitivity"
You'll see the higher the "Sensitivity", less Divergences get missed, of course there are also more symbols,
I wouldn't suggest to use a "Sensitivity" higher than "6"
Have fun!
(default setting = 3, if you like previous setting, just change to "1")
Example:
"Sensitivity"
"Sensitivity"
"Sensitivity"
"Sensitivity"
"Sensitivity"
You'll see the higher the "Sensitivity", less Divergences get missed, of course there are also more symbols,
I wouldn't suggest to use a "Sensitivity" higher than "6"
Have fun!
Информация о релизе:
Previous examples should be accompanied with numbers, they disappeared because I used '
LuxAlgo Dev: www.luxalgo.com
PineCoder: www.pinecoders.com
- We cannot control our emotions,
but we can control our keyboard -
PineCoder: www.pinecoders.com
- We cannot control our emotions,
but we can control our keyboard -