This oscillator organized by three Line , control zone and Divergence Line 1:) Fast Line 2:) Slow Line 3:) Heavy Line 4:) Neutral Zone between Fibo 38.2% & 61.8% 5:) Bullish Control Zone 6:) Bearish Control Zone 7:) Super Bullish Control Zone 8:) Super Bearish Control Zone 9:) Divergence Line And there are three theories of finding tradable signals behind those...
Composite Index by Constance Brown mixed with built-ins Divergence Indicator useful indicator to find divergence this script find divergence automatically for you
Hi everyone, This scripts are used for learning and research purposes. THESE ARE NOT BUY/SELL SIGNALS. If you have a better idea, share it here or contact me via msg. I will improve this script better in next version. Settings: Basically, you only need to care about "Lookback Level For Divs", this is the number of previously adjacent peak. Feel free to...
This is a formula Ms Brown developed to identify divergence failures with in the RSI . This also highlights the horizontal support levels with in the indicator area. The Composite Index study comprises 2 momentum indicators on the RSI which are smoothed using a moving average. Control of the upper and lower indicators can be used to adjust the periods represented...
This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences. I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences. I did...
Updated an existing Divergent Bar script to be able to show all divergent bars. There are 2 set of divergent bars that can be turned on. The original one based on price and alligator lines, and a new second one that shows ALL divergent bars. The second set has lighter lines and colors to differentiate them from the filtered alligator divergent bars.
A truly time based indicator to check the strength of the asset based on "Time". The main idea came to my mind about 2 years ago, When i was counting the candles in an impulse move and comparing it to number of retracement candles . So i got a period (13 for example) and checked the price change between the 13 candles, Then the space between those two...
Oscillator 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...
™TradeChartist Simple PVT Strength Spotter is a modified version of Price Volume Trend visualised using Relative Strength and helps spot price trends using visually engaging and appealing PVT Strength Oscillator plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry/exit based on...
Oscillator is combining MACD with (double) Stochastic oscillator. When both, MACD and (double) 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...
The advance/decline line (A/D) is a breadth indicator used to show how many stocks are participating in a stock market rally or decline. When major indexes are rallying, a rising A/D line confirms the uptrend showing strong participation. If major indexes are rallying and the A/D line is falling, it shows that fewer stocks are participating in the rally...
TIDT is a two-part trend-based indicator designed to recognize the general direction and help you identify good opportunities for going long or short (both indicators are called the same way with "main" and "add-on" additions). This is the add-on indicator that is added below the chart and aside from identifying trending opportunities, it also shows Bullish...
Easy to spot BUY/LONG or SELL/SHORT ENTRY POINT opportunities. Just follow this 9 RULES! Rule 1. ONLY THINK OF GETTING IN A POSITION when BackgroundWave is coloured GREEN and ON POSITIVE SIDE of Flat White Line Rule 2. ONLY THINK OF GETTING IN A POSITION when BackgroundWave is coloured RED and ON NEGATIVE SIDE of Flat White LineRule Rule 3. ENTER BUY POSITION...
™TradeChartist Plotter is an extremely useful and adaptive indicator that connects to any oscillator to plot highs and lows, Divergences and also Bull and Bear Zones based on the Oscillator and user input to filter zones. When plotted as normal or Heikin Ashi price bars/candles, the divergences can be plotted on price bars and in addition ™TradeChartist MA...
Oscillators are widely used in technical analysis and can return a large amount of information to the trader depending on their design. It is common to use oscillators to detect divergences with the price, divergences occur when the tops/bottoms made by the oscillator and price are negatively correlated. The following oscillator is based on the momentum of a...
Trend Oscillator (Expo) measures the overall trend strength and how strong the current price move/momentum is. The indicator is leading since it can signal a possible trend change that is yet to start. The color of the histogram and its value helps to gauge the strength and momentum of the trend. The user can enable Bar Color that coloring the candlesticks...
This is a conceptual indicator that converts the main chart series' quote currency from U.S. dollar to Turkish Lira. Should only be used with USD pairs unless you change the 'Pair' input. Divergences are created by the difference in price due to the incredible changes in TRY value. The candle colors turn to grey when the forex exchange is closed; this is done to...
Hello Traders This script finds Tops when RSI is in overbought area or Bottoms when RSI is in oversold area and checks the divergence between them. it checks divergence at tops/bottoms after RSI exited from OB/OS areas. You can change overbought / oversold levels. You can limit the time that RSI is in OB/OS area with the option "Max Number of Bars in OB/OS" you...