a technical analysis indicator named "Stocastic Reference Dino," which is a stochastic oscillator used to analyze market trends and potential price reversals. Key Features: Inputs: K Period (lengthK): Defines the period for the %K line calculation (default 13). D Period (lengthD): Defines the period for the %D line calculation (default 9). Smoothing Period...
This Indicator is a Trend directional identification indicator which works based on two main indicators RSI and ADX. The entry is from the higher timeframe which is 15 minutes and exit is from the Lower timeframe which is 1 minutes timeframe. Let me explain the reason for using two indicators in the script, the RSI Moving average is used to identify the direction...
The Wall Street Cheat Sheet Indicator is a unique tool designed to help traders identify the psychological stages of the market cycle based on the well-known Wall Street Cheat Sheet. This indicator integrates moving averages and RSI to dynamically label market stages, providing clear visual cues on the chart. Key Features: Dynamic Stage Identification: The...
**PROWIN STUDY BASIC CURRENT CANDLE TABLE** **Description:** The PROWIN STUDY BASIC CURRENT CANDLE TABLE indicator provides an insightful analysis of the current candle's volume and its comparative performance against the last 50 candles. This script includes several features designed to help traders understand volume trends and potential market direction. **Key...
The Relative Strength Index (RSI) is like a fitness tracker for the underlying time series. It measures how overbought or oversold an asset is, which is kinda like saying how tired or energized it is. When the RSI goes too high, it suggests the asset might be tired and due for a rest, so it could be a sign it's gonna drop. On the flip side, when the RSI goes too...
The Average True Range (ATR) indicator is a technical analysis tool used to measure market volatility. The ATR indicator is designed to capture the degree of price movement or price volatility over a specified period of time. It does this by calculating the true range for each bar or candlestick on a chart and then taking an average of these true range values over...
The Parkinson's Volatility Estimator (PVE) provides an alternative method for assessing market volatility using the highest and lowest prices within a given period. Unlike traditional models that predominantly rely on closing prices, the PVE considers the full range of intra-candle price movements, thereby potentially offering a more comprehensive gauge of market...
This indicator utilizes the Stochastic Oscillator on two different timeframes and generates alerts for potential long and short conditions based on the crossovers of the %K and %D lines of the Stochastic Oscillator. Here's a detailed breakdown of the code: Inputs Overbought and Oversold Levels: ob_stc: Overbought level (default 80). os_stc: Oversold level...
Indicator to show when the RSI is in oversold(Below 30) or overbought (Above 70) conditions. The background color of the chart changes colors in the areas where the above conditions are met. Price can often reverse in these areas. However, this depends on the strength of the trend and price may continue higher or lower in the direction of the overall trend....
The Garman-Klass-Yang-Zhang Volatility Estimator (GKYZVE) is yet another attempt to robustly measure volatility, integrating intra-candle and inter-candle dynamics. It is an extension of the Garman-Klass Volatility Estimator (GKVE) incorporating insights from the Yang-Zhang Volatility Estimator (YZVE) . Like the YZVE, the GKYZVE holistically considers open, high,...
Components of the Indicator RSI Settings: The RSI is set with a length parameter, which can be adjusted by the user but defaults to 14. This measures the speed and change of price movements. MACD Settings: The MACD is composed of two lines: the MACD line and the signal line, which are calculated from exponential moving averages (EMAs) of different lengths...
RS Rating for Trading View This Trading View script calculates the Relative Price Strength (RS) Rating for a given stock. It's a measure of a stock's price performance over the last twelve months, compared to all stocks in a selected Index. The rating scale ranges from 1 (lowest) to 99 (highest). Features - Adaptation for Indian Market - Option to choose the...
Market Trend Oscillator segments the market into ranged bound and trending aspect. The threshold level segregates both types of market. With higher level, both the risk and reward lower down. The MTO indicator, is based on Standard Deviation, difference between highest high and lowest low, ATR and ADR. There are two different volatility aspect which are: ...
The ATR Oscillator with Dots utilizes the Average True Range (ATR), a traditional measure that captures the extent of an asset's price movements within a given timeframe. Rather than depicting these values in a continuous line, the ATR Oscillator represents them as discrete dots, colored according to the price movement direction: green for upward movements when...
Script Introduction The L3 Ultimate Market Sentinel (UMS) is a technical indicator specifically designed to capture market turning points. This indicator incorporates the principles of the Stochastic Oscillator and provides a clear view of market dynamics through four key boundary lines — the Alert Line, Start Line, Safe Line, and Divider Line. The UMS...
The Yang-Zheng Volatility Estimator (YZVE) integrates both intra-candle and inter-candle dynamics, such as overnight and weekend price changes, offering a more detailed analysis compared to traditional methods. The YZVE is proposed to improve over the standard deviation by accounting for the open, high, low, and close prices of trading periods, instead of only the...
Use this Strategy to Fine-tune inputs for the (W&)FSVZ0 Indicator. Strategy allows you to fine-tune the indicator for 1 TimeFrame at a time; cross Timeframe Input fine-tuning is done manually after exporting the chart data. I suggest using "Close all" input False when fine-tuning Inputs for 1 TimeFrame. When you export data to Excel/Numbers/GSheets I suggest...
Description This is a different take on the traditional RSI - Relative Strength Index. This indicator turns the RSI line green when above 50 and red when below 50 making directional changes highly visual. Additionally, an exponential Moving Average is drawn of the RSI. The EMA is green when trending higher and red when trending lower. The area between...