MULTIPLE TIME FRAME version of KIVANÇ HL Indicator:
Kıvanç HL indicator is a useful tool to define RESISTANCE and SUPPORT levels by analyzing previous HIGH and LOW levels od fibonacci lengths.
There are 3 lines HIGH, LOW and their exact average MID line.
Each line could be a significant support and resistance level due to the price action.
Breakouts are very...
An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
Cumulative Force Indicator. Can also be seen as an OBV indicator that takes the price differences into account. In a regular OBV, a high volume bar can make a huge difference, even if the price went up only 0.01, and it it goes down 0.01 instead, that volume makes the OBV go down big time, even though in both cases hardly anything really happened. cForce is a...
Volume Ticks is a zero-lag market sentiment indicator. It works by providing a cumulative count of increasing volume columns.
A one count is added for each increasing volume column where close>open, and one is subtracted on an increasing volume column if close<open. That’s it. The count does not change when volume hasn’t increased compared to the previous bar’s...
This study is an alternative experimental interpretation of the Blast Off Indicator by Larry Williams.
This formula takes positive and negative magnitudes rather than the absolute value. The result is then smoothed with an EMA, and twice smoothed to provide a signal line.
This is the MACD of a stochastic OBV movement indicator. It is good (right) to work with both price and volume. I've included highlighting based on price divergence. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), just...
Updated for TV-Pine V4
This is the MACD of a stochastic OBV movement indicator and now the MACD of the Squeeze Momentum Indicator. It is good (right) to work with both price and volume...it is also good to utilize the most popular indicator ever in TV (Lazybear).
I've included highlighting based on price divergence, yellow is divergence of either OBV or SQZ, red...
July 18 2019 - LCS - line channels (basic) by RootDuk
Version : v3 - read the notes
Easy script to draw channels based on ie. GANN using the following
- ibback : barsback to search for high and low
This script shows the Advance Decline Line of the NYSE (dark blue)in comparison to the SPX (light blue). There is also a difference line of the two series (red).
Both are indexed to current values to allow a better overview. Series can be smoothed via the length of the Moving Average.
I consider it more of a work in progress. I work on a more inuitive kind of presentation.
Based on the description in Murphy, Tech. Analysis of Financial Markets. Wikipeadia also has a good description:
Without warranty - please trade based on your own analysis and let me know if you find any errors in the script.
The McClellan Oscillator is a market breadth indicator developed by Sherman and Marian McClellan.
It is calculated from Net Advances, which is the number of advancing issues minus 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.