Relative Vigor Index with Dominant Cycle Detection. As Ehler's mentioned, fixed length look back is inherently flawed when it is possible to extract a length from a dominant price cycle. may be less effective if signal to noise ratio is greater than 2, but that usually would not happen at >5m candles, and honestly shouldn't be looking at RV(igor)I when price is...
US 2 year and US 10 year comparison, inverted yield curve with VIX. I use this on a weekly chart with 2 moving averages, the 40 week (ma200 daily) and the 520 week (10 year median).
The bottom histogram is the VIX and the plot is the yield curve. When the VIX is above a certain level (you can set it in settings) and the ýield curve is close to or at inversion the...
Accumulation Swing Index
ASI is a cumulative sum of swing index, developed by Wilder. ASI attemps to show the "real market" by quantifying price. This allows the use of classic support/resistance analysis on the index itself. Typical analysis involves looking for breakouts, new highs and lows, and...
The Accumulation Swing Index is a cumulative total of the Swing Index.
The Accumulation Swing Index was developed by Welles Wilder.
The SwingIndex function was developed to help cut through the maze of
Open, High, Low and Close prices to indicate the real strength and direction
of the market. The Swing Index function looks at the Open, High,...
Relative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).
RMI with momentum period of 1 will be equal to an RSI when they have the same period and source price.
A simple modification of the built-in "Average Directional Index":
To identify wether there is an uptrend or a downtrend, the function color is conditional:
no trend: black
small uptrend (weak threshold): light green
big uptrend (strong threshold): green
small downtrend (weak threshold): light red
big downtrend (strong threshold): red
Instead of calculating Relative Strength(RS) of Price(RSI), this calculates RS of Moving Average(RSIOMA).
See www.earnforex.com for more info and metatrader version.
Credit goes to Kalenzo from the Forex TSD forum www.forex-tsd.com
I easily modified the default RSI in trading...
This is an indicator that we've been using for a while to pinpoint currencies that are strong/weak. By knowing which currencies are strong and weak, you can focus your attention on the currency pairs that are actually moving, or plan ahead when researching trades.
This indicator gives the Relative Currency Strength, on any timeframe, for every major currency:...
This is an excellent indicator thanks to the code author LazyBear!
I have modified to a more appealing colors visually representing market condition.
Uptrend/Sell: Uptrend above Orange line, Sell potential area.
Downtrend/Buy: Downtrend under Orange line, Buy potential area.
I have modified by adding previously unrecognized upper and lower channels...
Ultimate Strength Index (USI) adds stochastic, multi time frame, signal line, histogram, and bar coloring options to RSI and Absolute Strength Index (ASI). It can also turn into an indicator similar to Awesome Oscillator/MACD line. This indicator can be used for analyzing momentum and trendiness/choppiness, as well as identifying swings (stoch). The fix applied in...
As you can see in the chart below, regular ATR is not useful for long term analysis. Normalizing it, fixes the issue. This indicator can be used to measure absolute volatility. It has a built-in stochastic as well for relative volatility. ATR counts high and low in the equation unlike Bolinger Band...