Bill Williams Divergent BarsBill William Bull/Bear divergent bars
See: Book, Trading Chaos by Bill Williams
Coded by polyclick
A bullish (green) divergent bar, signals a trend switch from bear -> bull
-> The current bar has a lower low than the previous bar, but closes in the upper half of the candle.
-> This means the bulls are pushing from below and are trying to take over, potentially resulting in a trend switch to bullish.
-> We also check if this bar is below the three alligator lines to avoid false positives.
A bearish (red) divergent bar, signals a trend switch from bull -> bear
-> The current bar has a higher high than the previous bar, but closes in the lower half of the candle.
-> This means the bears are pushing the price down and are taking over, potentially resulting in a trend switch to bearish.
-> We also check if this bar is above the three alligator lines to avoid false positives.
Best used in combination with the Bill Williams Alligator indicator.
Histogram
Coloured CCI Histogram V2.0 by JustUncleLThis is a requested update of this script. This is a standard CCI indicator that shows a coloured histogram of important CCI levels, giving a good visual of the CCI levels. Added to this version is an extra coloured level +/-200 and an option to calculate CCI with EMA instead of the standard SMA.
CCI LEVELS:
Light Green - Greater than 0 and less than 100.
Green - Greater than 100 and less than 200.
Aqua - Greater than 200.
Light Red - Less than 0 and greater than -100.
Red - Less than -100 and greater than -200.
Magenta - Less than -200.
If you would like different colour arrangement just change them in the "Style" settings of the indicator.
Stochastic HistogramLast Edited: 5/19/16
Description:
This is a basic Stochastic histogram that essentially shows when the indicator
is either above or below the 50 level. Colors can be customized to your liking.
Length and smoothing factor can be adjusted as well. Defaults are 14 (Length)
and 3 (Smoothing Factor).
NOTE: The above chart contains the built-in stochastic indicator for comparison.
Patrick's Buy/Sell HistogramSimply look for a 12 point long bar and that's a perfect time to buy the security
The Volume-Weighted MACD HistogramThe related article is copyrighted material from Stocks & Commodities 2009 Oct
Momentum HistogramThis creates a replica of relative distance from the moving averages, a good way to measure the strength, divergences etc.... short, mid and long term waves.
List of All my Indicators - www.tradingview.com
