Profitability IndexDisplays the percent difference from the outer Bollinger Band to the middle Bollinger Band, in addition to the Simple Moving Average of the Profitability Index itself.
Grants the trader the ability to quickly ascertain the instrument's profitability based on its current and recent percentage of movement.
חפש סקריפטים עבור "index"
Hull MACD with Force Index Backcolorswww.tradingview.com
Like many other indicators this tells the past and it will dutifully follow the future price changes whatever they will be.
This is an upgrade of the "Hull Moving Average Convergence/Divergence" low lag indicator in my scripts. Added Elder Force Index (background colors) to include effects of Volume.
When EFI goes positive the background goes green, when it slopes up (more positive than previous bar) it is darker green. Negative red and slope down darker red.
I find it useful in all time frames but I use mostly hour and day. The direction color combined with price action and macd tell whether the volume supports the price movement and the shading (darker green for increasing up volume and darker red for increasing down volume) tells of the degree of support.
Since when the EFI is positive and dropping, for example, the price can be dropping with opposite for negative.
Dark shading tells where the EFI and possibly the price is headed (at the moment).
Light shading says to check more on other indications for likely direction.
Changed also the histogram color so it stands out of background and added hlines to make relative volatility and peak height easier to see.
Anyway help yourself if any of this code is useful to you, enjoy, happy trading and Keep Smiling!
Money Flow Index made by Stealthy7Here is a quick Money Flow Index oscillator. I don't have any strategy for it. Please post any improvements.
KK_Average Directional Index (ADX) Higher TFHey guys,
sometimes you just want to plot an Indicator value from a higher Timeframe on your Chart. For most Indicators this is pretty straightforward however there is one Indicator that has been giving me quite a headache while trying to do this: The Average Directional Index . Anyway after going through almost 200 versions of this script I finally found a solution that works and thought I would share this with you, since I'm sure some of you have encountered the same problem.
How it works
Go to your desired Instrument/Timeframe and add the Script
Under Settings in the field for "Higher ADX TF" put the Timeframe-code you want to pull the ADX Values from.
- Codes: Monthly - M, Weekly W, Daily - D
- Codes Intraday: The amount of hours in minutes, e.g. if you want to pull values from the 4h-Chart the code is 240 (60 for 1h, 15 for 15m ...)
In some cases (see below) the calculation might not be correct. So make sure the values are correct:
a) Write down the latest ADX of the higher TF while you are on the lower TF
b) Switch the Resolution to the higher TF
c) Compare the value you have just written down to the next to last value. They should be the same.
d) Switch back the Resolution to the lower TF and you're good to go.
Limitations
You can only pull values from higher Timeframes, e.g. you're on a 4h Chart, so you can only pull values from the Daily, Weekly and Monthly Chart. You can't pull values from the 1h Chart.
You can only pull values from Timeframes, where the higher Timeframe Close always has a corresponding Close on the lower Timeframe, e.g. you can't pull values from the 3h Chart when you are on a 2h Chart. This should be pretty rare.
The Script needs a certain amount of Data from the Higher TF before the calculated values are correct. I have tested this on several Instruments and the Script usually needs approximately 100 Bars on the higher Timeframe (often less) for the values to be correct (error < 1%).
So when the difference between your lower Timeframe and you higher Timeframe is large, e.g. you want to pull the Daily ADX value on a 15m-Chart, the calculation can be wrong. This can lead to errors in 2 Cases:
a) Backtesting: When you go over old data and get close to the last available Bar the Data will be wrong. This will limit the amount of data you can backtest.
b) Live values: When the difference between the two Timeframes is too large, it is possible that even live values are wrong, e.g. this will be the case when you are trying to pull the Daily ADX value on a 5 minute Chart. Always check if the calculation works with your desired combination of Timeframes before using it (see above).
I hope this is useful for you and whish all of you successful trading!
Best regards
Kurbelklaus
Force Index ColoredForce Index indicator from The New Trading For a Living book by Alexander Elder. Different colors for positive and negative values.
Directional Trend Index (DTI) This technique was described by William Blau in his book "Momentum,
Direction and Divergence" (1995). His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship between
price and momentum in step-by-step examples. From this grounding, he then looks
at the deficiencies in other oscillators and introduces some innovative techniques,
including a fresh twist on Stochastics. On directional issues, he analyzes the
intricacies of ADX and offers a unique approach to help define trending and
non-trending periods.
Directional Trend Index is an indicator similar to DM+ developed by Welles Wilder.
The DM+ (a part of Directional Movement System which includes both DM+ and
DM- indicators) indicator helps determine if a security is "trending." William
Blau added to it a zeroline, relative to which the indicator is deemed positive or
negative. A stable uptrend is a period when the DTI value is positive and rising, a
downtrend when it is negative and falling.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading
Directional Trend Index (DTI) Strategy This technique was described by William Blau in his book "Momentum,
Direction and Divergence" (1995). His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship between
price and momentum in step-by-step examples. From this grounding, he then looks
at the deficiencies in other oscillators and introduces some innovative techniques,
including a fresh twist on Stochastics. On directional issues, he analyzes the
intricacies of ADX and offers a unique approach to help define trending and
non-trending periods.
Directional Trend Index is an indicator similar to DM+ developed by Welles Wilder.
The DM+ (a part of Directional Movement System which includes both DM+ and
DM- indicators) indicator helps determine if a security is "trending." William
Blau added to it a zeroline, relative to which the indicator is deemed positive or
negative. A stable uptrend is a period when the DTI value is positive and rising, a
downtrend when it is negative and falling.
Stochastic Momentum IndexStochastic Momentum Index
William Blau "Momentum, Direction, and Divergence",
John Wiley and Sons, Inc. 1995, ISBN 0-471-02729-4, page 29:
SM(q) = close - 0.5*(HH(q) + LL(q))
SMI(q, r, s) = 100*(EMA(EMA(SM(q), r)), s)/(0.5*EMA(EMA(HH(q)-LL(q)), r), s)
B3 Directional Trend IndexB3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse when it reaches mean, only to turn back around. You can see this in March and April of this silver futures daily chart. Makes for a great instrument on anything you consider trendy, like crude oil for example. The default user inputs are set to my liking, as I find them to be great on all charts and resolutions. You may read around to find more about this on the internet, or its mentioned in Krausz's work. Also, imprtant to remember when no trend, trend finders like this sufffer, so be wise as to what market condition you are in. Rangy and within Range = no, On the Move = yes.
Stochastic Momentum IndexThis is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities .
This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema (zero-lag exponential moving average)
dema (double exponential moving average)
tema (triple exponential moving average)
hma (hull moving average)
Directional Movement Index 4 colors (DMI 4c)It is a normal Directional Movement Index, but instead of using lines for +DI and -DI it uses histogram and 4 colors. It also contains an horizontal line (default value @20) to indicate when a trend is confirmed or not.
Gopalakrishnan Range Index [Rouge1896]Gopalakrishnan indicator or GAPO for short, is a measurement of market volatility.
The indicator is calculated over a set time period (default 5 days) using only price action.
Developed by Jayanthi Gopalakrishnan which is based on Mandelbrot's work, to measure the dynamic character of the financial markets.
EMA Strategy For Index FuturesThis is a simple long-term strategy based on EMA crossover basically designed for Index futures
Intramarket Correlator L-O-L-A excerptHere we have an intramarket correlator taken as an excerpt from the L-O-L-A institutional trading system.
The plot displayed on the screen is the correlation index of the correlated security plotted against the security data series. Suggest simple line plots of contrasting colors.
When the plot is below the security price this is an indication of a strong negative correlation. When the plot is above the security price this is indicative of a strong positive correlation.
Provided for free by Tarzan at tradingview. or noprism@hushmail.com
plz contact for more information on L-O-L-A
*** Past performance is not necessarily indicative of future results ***
Life is like a moving picture
Nothing in life is a permanent fixture
Ray Davies
Relative Strength Index on TranquilizersSome weeks ago, I had a patient in my practice who suffered from internal stability disorders.
Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem.
He just couldn’t find the right overall balance, an ailment he struggled with for years.
Straight away I could diagnose that surgery wasn’t an option, so I gave him a medicine he would clearly benefit from.
I never heard from him again…. He must be doing just fine.
Cheers, Indicat...
YOYO index I found this indicator while reading one of my favorite books on volume and didn't see it in the public library, so I thought I would code it up. Pretty simple actually, but I really enjoyed using it.
"Created by Richard Arms Jr. and explained in an article he penned for Barrons's in 1998, it combines the daily spread of a stock or index and divides the daily volume by that number to see how many shares it needs to trade in order to move the issue through one point of its daily spread. This is usually considered a broad market indicator, but is useful for individual issues as well. On a historical basis more volume is required in order to generate a wider price swing at tops, while the opposite is true at bottoms. This is explained by the emotions of greed and fear. At tops there is complacency which requires ever greater volume to get prices to swing in wider ranges, while at bottoms fear can cause greater swings on relatively lower volume."
--The Traders Book of Volume, by Mark Leibovit
This indicator is useful at identifying divergences and trend confirmation. It is also effective in shorter time-frames as well as much longer time frames. The original formula does not use any smoothing, but I have included it as I feel it dulls some of the shorter term sharp turns inherent in this indicator. There is also no adjustment to the length of Richard Arms' original, so I include it in case you feel you need to 'play' with the settings.
Remember, you are responsible for everything you do with any indicator and those results are entirely yours to claim, so by default I am not responsible for any losses nor am I entitled to any gains from the use of this indicator.
Enjoy and as always good trading,
Shiroki
YOYO indexI looked for this indicator in the public library and didn't find it so I thought I would offer it to anyone who felt like they would like to try it out. Frankly, the name caught my attention in one of my favorite books on volume "The Traders Book of Volume" by Mark Leibovit
"Created by Richard Arms Jr. and explained in an article he penned for Barrons's in 1998, it combines the daily spread of a stock or index and divides the daily volume by that number to see how many shares it needs to trade in order to move the issue through one point of its daily spread. This is usually considered a broad market indicator, but is useful for individual issues as well. On a historical basis more volume is required in order to generate a wider price swing at tops, while the opposite is true at bottoms. This is explained by the emotions of greed and fear. At tops there is complacency which requires ever greater volume to get prices to swing in wider ranges, while at bottoms fear can cause greater swings on relatively lower volume."
--The Traders Book of Volume, by Mark Leibovit
This indicator is useful at identifying divergences and trend confirmation. It is also effective in shorter time-frames as well as much longer time frames. The original formula does not use any smoothing, but I have included it as I feel it dulls some of the shorter term sharp turns inherent in this indicator. There is also no adjustment to the length of Richard Arms' original, so I include it in case you feel you need to 'play' with the settings. I hope you all find it useful. Good trading all,
Shiroki
Herrick Payoff Index for Quandl DataUpdate to my previous Herrick Payoff Index script. This script pulls Quandl futures data with daily open interest. The prior version only used the weekly Commitment of Traders open interest data so could only be used on weekly bars. Note: Must use Quandl Symbol methodology in chart (i.e. enter symbol as QUANDL:CHRIS/CME_FC2, QUANDL:CME/FCX2016, ect.). Unfortunately, I haven't been able to program this to pull from the embedded futures data.
BTC Volume Index 1.1 beta [Dia]Indicator calculates total volume across multiple bitcoin exchanges. The influence of each exchange can be adjusted seperately.
0 fee exchanges default to 50%
0 fee futures default to 10%
Define custom lookback periods for price breakout detection.
Look for low-volume price reversals in those candles immediately following high volume peaks. The lower the volume and the greater the open/close price difference of that 2nd candle is compared to the previous one, the higher the likelihood of a local top/bottom being in.
Note:
Bar highlighting is still experimental, future versions will include better filtering options.
Use for confirmation only, not as standalone trading system.
