This indicator shows overbought and oversold zones. Can be used on all time frames. I personally use 15m - 30m. How to apply ?: - There can be many strategies for use! I use this indicator to buy an asset in the green zone and then sell it in the middle of the channel or in the red zone. - I strongly advise against entering counter-trend positions in a growing...
The RSI is a very popular indicator that follows price activity. It calculates an average of the positive net changes, and an average of the negative net changes in the most recent bars, and it determines the ratio between these averages. The result is expressed as a number between 0 and 100. Commonly it is said that if the RSI has a low value, for example, 30 or...
I took a concept similar to the "Adaptive RSI" to get the RSI overlaid on a price chart. The problem I have with the Adaptive RSI is to me it sticks too closely to price. I wanted something much more visually helpful that can provide actual tradable signals and strategies. The orange line you are seeing is the "RSI Trend Line" The further the RSI moves away...
This indicator is a copy of my RSI Overbought/Oversold Divergence Indicator with-Alerts Only difference is that the alerts are disabled, instead it uses tradingviews strategy tester signals If you want alerts just use the other indicator
This indicator alerts you only if there are divergences after price was oversold or overbought
Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator. As the formula reveals, the...
This Indicator shows the Absolute Rate of Change in correlation to its Moving Average. Values over 3 (gray dotted line) can savely be considered as a breakout; values over 4.5 got a high mean-reverting chance (red dotted line). This Indicator can be used in all timeframes, however, i recommend to use it <30m, when you want search for meaningful Mean-Reverting...
Just variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator Changes are: Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR Rest of the logic...
The Adaptive Stochastic Indicator V1 was created by John Ehlers (Rocket Science For Traders pgs 233-234) and this indicator uses the same calculations to find a cycle period that is then used for both the creation of the stochastic indicator but also for the smoothing to create a double smoothed stochastic indicator. Because it is calculated this way, this...
The relative strength index, represented as two moving averages with periods, one of which will be a multiple of the longer moving average by the amount you set. The indicator can work both in automatic and manual mode. In automatic mode, the optimal periods are selected, in my opinion, depending on which timeframe is being analyzed at the current moment. In...
This Indicator displays a normal RSI with overbought/-sold lines which is calculated with donchian channels, pivot channel, bollinger bands and three horizontal lines. You can averaged the channels, bands and h-lines in any combination or you can use just one of them for calculating the overbought/-sold lines. The midline is colored in default settings in yellow...
The Folded Relative Strength Index was created by Richard Poster (Stocks and Commodities July 2021 pg 21) and this indicator provides both trend strength but also momentum and of course reversal points using the overbought and oversold markers. If the indicator line is above the mid line then this shows upward momentum and when it falls below the midline then this...
This oscillator is made of three components, all derived from the SuperTrend indicator. This approach allows the user to easily determine overbought/sold zones, identify whether a retracement is present or if the price is ranging or trending. It also allows for the anticipation of the potential price cross with the SuperTrend. We provide additional information...
Hello again. Here I have an improved version of the RSI that is similar to my "+ %B" indicator (that, an improved version of the %B). This version of the RSI includes candle coloring for bullish or bearish bias (is the RSI above or below its median line?), as well as candle coloring for overbought and oversold areas. Additionally, there is an option for coloring...
Okay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together. The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP" . The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the...
The basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold...
It is simply your traditional MFI , except that your 50 line became the actual price. Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences . You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a...