The Up/Down Range breaks the price range into an upward and a downward moving component, so we can easily turn it into a momentum oscillator. This script does just that.
You can find the Up/Down Range (UDR) indicator here:
Measuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR.
However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction.
In fact, I turned it into a momentum indicator here:
TRIX Overlay + TRIX change Histogramm = simplest tactic to trade.
Just use last counter trend fractal to place delayed order
A counter trend fractal is a fractal down on TRIX uptrend or fractal up on TRIX downtrend.
Use TRIX speed change histogramm to seek divergence
Simple Script for a very fast MACD
Best used as an Indicator Overlay for studying detailed movement.
Indicator over Indicator
Using as a Indicator overlay. You must drag and drop an indicator over another indicator. After you have the visual of both indicators in one indicator box, you must go to CHART PROPERTIES and SCALE LEFT . This way both your...
This is the study of the ratio of the MACD exponential moving averages, 0.993 and 1.003 were used to define the overextended positions since this is the highest the oscillator usually goes, price tends to reverse when overextended. RE1 (ratio equation 1) = the fast Exponential Moving Average (12 points) divided by the slow Exponential Moving Average (26 points)...
This indicator plots Chande Momentum Oscillator and its WMA on the
same chart. This indicator plots the absolute value of CMO.
The CMO is closely related to, yet unique from, other momentum oriented
indicators such as Relative Strength Index, Stochastic, Rate-of-Change,
etc. It is most closely related to Welles Wilder?s RSI, yet it differs
...
This indicator plots Chande Momentum Oscillator. This indicator was
developed by Tushar Chande. A scientist, an inventor, and a respected
trading system developer, Mr. Chande developed the CMO to capture what
he calls "pure momentum". For more definitive information on the CMO and
other indicators we recommend the book The New Technical...
Slope function for SMA in degrees. This slope function you can use or modify for your own strategies. Feel free to change source to calculate the slope of another indicator. In this case you can see that the indicator is above the zero line indicating a positive momentum.
MACD + SMI -2.23% Ergodic
When leaving the zone, MACD is painted in different colors, while in the area - is gray.
In the settings you can disable shading in gray or SMI -2.23% .
Works on the major currency pairs, the rest has not been tested. Because it did for me)
//Google translate
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МАКД+SMI Ergodic
При выходе из зоны, MACD...
Identifies trends based on a comparison of a High, Low, and Close moving average.
Optionable: By default the Moving Average type is set to EMA but is switchable to a SMA instead.
Optionable: By default it shows cloud coloring of Green or Red based on crossover points.
Optionable: By default it colors the indicator background:
- Green = uptrend
- Red =...
This is an updated version of the MACD DEUTER 2 colour indicator. This version includes the Signal line and option to change the length calculating the MACD direction change.
This is one of the techniques described by William Blau in his book
"Momentum, Direction and Divergence" (1995). If you like to learn more,
we advise you to read this book. His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship
...
![USDJPY: [M] MACD + SMI](https://s3.tradingview.com/x/XeKxhMLa_mid.png "[M] MACD + SMI")
