Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.
Updated source: pastebin.com
Use the updated source instead of the what TV shows below.
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions:
VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is below...
Three StochRSI with adjustable lengths in one indicator, with no extra bells or whistles. Lazybear's Apirine Slow RSI is used for the RSI formula for the third Stoch.
14-period StochRSI (red) is considered short term.
20-period StochRSI is another short to mid term preset I've seen used in various indicators on different platforms by default, and is included as...
WaveTrend Oscillator is a port of a famous TS/MT indicator. More info: www.youtube.com
When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good...
This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand.
Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option....
VFI,introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications:
* Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish.
* The calculation is based on the day's median (typical price) instead of the closing price.
* A volatility threshold...
This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :)
- Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend.
- Ribbon Mode: Shown at the bottom pane. No trend lines are drawn.
- OverlayMode: Bars are colored based on the...
Developed by Buff Dormeier, VPCI won 2007 Charles H Dow award by the MTA. VPCI plots the relationship between price trend and the volume, as either being in a state of confirmation or contradiction.
Excerpt from article below:
"Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price
trends. An uptrend...
RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional"....
I have modified Waddah Attar Explosion indicator to work in low price markets like crypto as well as any other market. So now the DeadZone line is based on ATR instead of a fixed number. Nothing more changed and all credits goes to it's MT4 developer and LazyBear (Main Script Link).
Hope you enjoy!
Read the main description below...
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The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool.
PMO can be used in many ways:
- PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual...
Edgar Kraut proposed this simple colored volume bars strategy for swing trading.
This is how the colors are determined:
- If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green.
- If today’s closing price is greater than 'n' days ago but volume is not, color today’s volume bar blue.
- Similarly, if today’s closing...
Better Volume Indicator
This is a direct port of a famous indicator from Tradestation platform.
BVI improves on your typical volume histogram by coloring the bars based on 5 criteria:
* Volume Climax Up – high volume, high range, up bars (red)
* Volume Climax Down – high volume, high range, down bars (white)
One more to add to the Ehlers collection.
Ehlers Instantaneous Trendline, by John Ehlers, identifies the market trend by doing removing cycle component. I think, this simplicity is what makes it attractive :) To understand Ehlers's thought process behind this, refer to the PDF linked below.
There are atleast 6 variations of this ITrend. This version is from...
Variable Moving Average, often abbreviated as VMA, is an Exponential Moving Average developed by Tushar S. Chande. VMA automatically adjusts its smoothing constant on the basis of Market Volatility.
Use this like other Moving Averages. I have added the following options that can be enabled via options page:
- Trend Direction Indication: Green = Up trend, Blue =...