Relative Volume Indicator
RVI is a support-resistance technical indicator developed by Melvin E. Dickover. Unlike many conventional support and resistance indicators, the Relative Volume Indicator takes into account price-volume behavior in order to detect the supply and demand pools. These pools are marked by "Defended Price Lines"...
HACOLT (Heikin Ashi Candles Oscillator Long Term) is a technical indicator designed by Sylvain Vervoort. It is based on Mr.Vervoort's other indicator, HACO (Heikin-Ashi Candles Oscillator - posted here: ).
Optimized for long-term trading, HACOLT shows three levels: -1, 0 and 1. These levels suggest "an open short position",...
These levels are based on price around earnings day. I have implemented support for 2 calculation modes:
Mode 1: Level = (low of 1 day prior to earnings + high of 1 day after earnings) / 2.0
Mode 2: Level = (hl2 of 1 day prior to earnings + hl2 of 1 day after earnings + close from earnings day) / 3.0
Chart above shows "Mode 1". Mode can be changed via options...
CM Time Based Lines
Requested by codetrader to Visually Show Day Change on Intra-Day Charts.
Custom Indicator: Ability To Plot Recurring Time Lines On Chart!
Example of Uses:
Plot Lines at Midnight to Show Daily Change.
Plot Lines at Opening of Different Sessions.
Plot Lines at Opening and Closing of Sessions.
Plot Lines Every 4 Hours (Forex) To See 4-Hour...
This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars.
When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :)
Complete list of all my indicators:...
TMF is a CMF (Chaikin Money Flow) variation that addresses some of the gaps in the original indicator. More info: www.incrediblecharts.com
TMF uses true range, rather than daily Highs minus Lows. Also, uses Wilder's MA rather than SMA/EMA.
Since I had to write Wilder's MA (WiMA) for TMF, I have published that also as a...
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. This is a breadth indicator. STO is designed to be calculated using either issues or volume, I will post a follow up indicator that makes use of volume.
You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE /...
Introduced by M.H.Pee, Trend Trigger Factor is designed to keep the trader trading with the trend.
System rules according to the developer:
* If the 15-day TTF is above 100 (indicating an uptrend), you will want to be in long positions.
* If the 15-day TTF is below -100, you will want to be short.
* If it is between -100 and 100, you should remain with the...
This is a composite oscillator derived from modified 5/10/20 Chande's Dynamic Momentum Index values.
Volatility is factored in, by design. Look for OB/OS extremes and divergences.
I added the green/red ribbon look to make it easy to read :)
List of my public indicators:...
As part of my "Ehler's Indicators week", here's one more.
CG Oscillator, by John Ehlers, provides a smoothed, essentially zero lag oscillator for identifying market turning points. The "CG" in the name of the oscillator refers to "Center Of Gravity" of the prices over the window of observation.
Entry/Exit are based on the osc/signal crossovers. Enabling the...
The CCT Bollinger Band Oscillator (CCTBO), developed by Steve Karnish of Cedar Creek Trading, reconfigures John Bollinger's classic Bollinger Bands (envelopes plotted at two Standard Deviations above and below a moving average) by drawing two parallel lines replacing the envelopes. The parallel lines represent a measurement of two Standard Deviations from the mean...
***** NOTE: You may see all GREEN circles (it is due to a recent TV update). To work around this issue, change the "Circles" to "Cross" via Format -> Style *****
Market Facilitation Index, by Bill Williams, plots the effectiveness of price movement by computing the price movement per volume unit.
4 possible combinations of MFIndex and Volume are:
This a modified MAC-Z using Z-VWAP. Since this uses VWAP, the signals are derived indirectly from both volume and price action.
I have also included a way to smooth MACZ-VWAP, you can enable it via options page.
Note that this will not work on any FX pair, as volume is not available.
Z-distance from VWAP:...
Volume Zone Indicator (VZO) and Price Zone Indicator (PZO) are by Waleed Aly Khalil.
Volume Zone Indicator (VZO)
VZO is a leading volume oscillator that evaluates volume in relation to the direction of the net price change on each bar.
A value of 40 or above shows bullish accumulation. Low values (<...
Heiken-Ashi Candlestick Oscillator (HACO), by Sylvian Vervoort, is a digital oscillator version of the colored candlesticks.
Explanation from Vervoort:
"HACO is not meant to be an automatic trading system, so when there is a buy or sell signal from HACO, make sure it is confirmed by other TA techniques. HACO will certainly aid in signaling buy/sell...
Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but @ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go...
This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here -...
A starting point of a Stop Loss and Profit Taking idea.
Define a percent for Stop Loss and Profit Catch. This percent will be used to draw a blue line for profit catch, orange of stop loss, and a black line for where the order entered.
Blue diamond for Profit Catch, Orange for Stop Loss.
The entry and exits points in this script are only to invoke...