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חפש סקריפטים עבור "oscillator"

Efficient Work [LucF]█  OVERVIEW Efficient Work measures the ratio of price movement from close to close ( resulting work ) over the distance traveled to the high and low before settling down at the close ( total work ). The closer the two values are, the more Efficient Work approaches its maximum value of +1 for an up move or -1 for a down move. When price does not change, Efficient Work is zero. Higher values of Efficient Work indicate more efficient price travel between the close of two successive bars, which I interpret to be more significant, regardless of the move's amplitude. Because it measures the direction and strength of price changes rather than their amplitude, Efficient Work may be thought of as a sentiment indicator. █  CONCEPTS This oscillator's design stems from a few key concepts. Relative Levels Other than the centerline, relative rather than absolute levels are used to identify levels of interest. Accordingly, no fixed levels correspond to overbought/oversold conditions. Relative levels of interest are identified using:  • A Donchian channel (historical highs/lows).  • The oscillator's position relative to higher timeframe values.  • Oscillator levels following points in time where a divergence is identified. Higher timeframes Two progressively higher timeframes are used to calculate larger-context values for the oscillator. The rationale underlying the use of timeframes higher than the chart's is that, while they change less frequently than the values calculated at the chart's resolution, they are more meaningful because more work (trader activity) is required to calculate them. Combining the immediacy of values calculated at the chart's resolution to higher timeframe values achieves a compromise between responsiveness and reliability. Divergences as points of interest rather than directional clues A very simple interpretation of what constitutes a divergence is used. A divergence is defined as a discrepancy between any bar's direction and the direction of the signal line on that same bar. No attempt is made to attribute a directional bias to divergences when they occur. Instead, the oscillator's level is saved and subsequent movement of the oscillator relative to the saved level is what determines the bullish/bearish state of the oscillator. Conservative coloring scheme Several additive coloring conditions allow the bull/bear coloring of the oscillator's main line to be restricted to specific areas meeting all the selected conditions. The concept is built on the premise that most of the time, an oscillator's value should be viewed as mere noise, and that somewhat like price, it only occasionally conveys actionable information. █  FEATURES Plots  • Three lines can be plotted. They are named Main line , Line 2 and Line 3 . You decide which calculation to use for each line:    • The oscillator's value at the chart's resolution.    • The oscillator's value at a medium timeframe higher than the chart's resolution.    • The oscillator's value at the highest timeframe.    • An aggregate line calculated using a weighed average of the three previous lines (see the Aggregate Weights section of Inputs to configure the weights).  • The coloring conditions, divergence levels and the Hi/Lo channel always apply to the Main line, whichever calculation you decide to use for it.  • The color of lines 2 and 3 are fixed but can be set in the "Colors" section of Inputs.  • You can change the thickness of each line.  • When the aggregate line is displayed, higher timeframe values are only used in its calculation when they become available in the chart's history,   otherwise the aggregate line would appear much later on the chart. To indicate when each higher timeframe value becomes available,   a small label appears near the centerline.  • Divergences can be shown as small dots on the centerline.  • Divergence levels can be shown. The level and fill are determined by the oscillator's position relative to the last saved divergence level.  • Bull/bear markers can be displayed. They occur whenever a new bull/bear state is determined by the "Main Line Coloring Conditions".  • The Hi/Lo (Donchian) channel can be displayed, and its period defined.  • The background can display the state of any one of 11 different conditions.  • The resolutions used for the higher timeframes can be displayed to the right of the last bar's value.  • Four key values are always displayed in the Data Window (fourth icon down to the right of your chart):   oscillator values for the chart, medium and highest timeframes, and the oscillator's instant value before it is averaged. Main Line Coloring Conditions  • Nine different conditions can be selected to determine the bull/bear coloring of the main line. All conditions set to "ON" must be met to determine the bull/bear state.  • A volatility state can also be used to filter the conditions.  • When the coloring conditions and the filter do not allow for a bull/bear state to be determined, the neutral color is used. Signal  • Seven different averages can be used to calculate the average of the oscillator's value.  • The average's period can be set. A period of one will show the instant value of the oscillator,   provided you don't use linear regression or the Hull MA as they do not work with a period of one.  • An external signal can be used as the oscillator's instant value. If an already averaged external value is used, set the period to one in this indicator.  • For the cases where an external signal is used, a centerline value can be set. Higher Timeframes  • The two higher timeframes are named Medium timeframe and Highest timeframe . They can be determined using one of three methods:   • Auto-steps: the higher timeframes are determined using the chart's resolution. If the chart uses a seconds resolution, for example,    the medium and highest resolutions will be 15 and 60 minutes.   • Multiples: the timeframes are calculated using a multiple of the chart's resolution, which you can set.   • Fixed: the set timeframes do not change with the chart's resolution. Repainting  • Repainting can be controlled separately for the chart's value and the higher timeframe values.  • The default is a repainting chart value and non-repainting higher timeframe values. The Aggregate line will thus repaint by default,   as it uses the chart's value along with the higher timeframes values. Aggregate Weights  • The weight of each component of the Aggregate line can be set.  • The default is equal weights for the three components, meaning that the chart's value accounts for one third of the weight in the Aggregate. High Volatility  • This provides control over the volatility filter used in the Main line's coloring conditions and the background display.  • Volatility is determined to be high when the short-term ATR is greater than the long-term ATR. Colors  • You can define your own colors for all of the oscillator's plots.  • The default colors will perform well on both white and black chart backgrounds. Alerts  • An alert can be defined for the script. The alert will trigger whenever a bull/bear marker appears in the indicator's display.   The particular combination of coloring conditions and the display of bull/bear markers when you create the alert will thus determine when the alert triggers.   Once the alerts are created, subsequent changes to the conditions controlling the display of markers will not affect the existing alert(s).  • You can create multiple alerts from this script, each triggering on different conditions. Backtesting & Trading Engine Signal Line  • An invisible plot named "BTE Signal" is provided. It can be used as an entry signal when connected to the PineCoders Backtesting & Trading Engine as an external input.   It will generate an entry whenever a marker is displayed. █  NOTES • I do not know for sure if the calculations in Efficient Work are original. I apologize if they are not. • Because this version of Efficient Work only has access to OHLC information, it cannot measure the total distance traveled through all of a bar's ticks, but the indicator nonetheless behaves in a manner consistent with the intentions underlying its design. For Pine coders This code was written using the following standards:  • The PineCoders Coding Conventions for Pine .  • A modified version of the PineCoders MTF Oscillator Framework and MTF Selection Framework .
אינדיקטור Pine Script®
מאת ‎LucF‎
17
Rate of Change HistogramExplanation of Modifications Converting ROC to Histogram: Original ROC: The ROC is calculated as roc = 100 * (source - source ) / source , plotted as a line oscillating around zero. Modification: Instead of plotting roc as a line, it’s now plotted as a histogram using style=plot.style_columns. This makes the ROC values visually resemble the MACD histogram, with bars extending above or below the zero line based on momentum. Applying MACD’s Four-Color Scheme: Logic: The histogram’s color is determined by: Above Zero (roc >= 0): Bright green (#26A69A) if ROC is rising (roc > roc ), light green (#B2DFDB) if falling (roc < roc ). Below Zero (roc < 0): Bright red (#FF5252) if ROC is falling (roc < roc ), light red (#FFCDD2) if rising (roc > roc ). Implementation: Used the exact color logic and hex codes from the MACD code, applied to the ROC histogram. This highlights momentum ebbs (falling ROC, fading waves) and flows (rising ROC, strengthening waves). Removing Signal Line: Unlike the previous attempt, no signal line is added. The histogram is purely the ROC value, ensuring it directly reflects price change momentum without additional smoothing, making it faster and more responsive to pulse waves, as you indicated ROC performs better than other oscillators. Alert Conditions: Added alerts to match the MACD’s logic, triggering when the ROC histogram crosses the zero line: Rising to Falling: When roc >= 0 and roc < 0, signaling a potential wave peak (e.g., end of Wave 3 or C). Falling to Rising: When roc <= 0 and roc > 0, indicating a potential wave bottom (e.g., start of Wave 1 or rebound). These alerts help identify transitions in 3-4 wave pulse patterns. Plotting: Histogram: Plotted as columns (plot.style_columns) with the four-color scheme, directly representing ROC momentum. Zero Line: Kept the gray zero line (#787B86) for reference, consistent with the MACD. Removed ROC Line/Signal Line: Since you want the ROC to act as the histogram itself, no additional lines are plotted. Inputs: Retained the original length (default 9) and source (default close) inputs for consistency. Removed signal-related inputs (e.g., signal_length, sma_signal) as they’re not needed for a pure ROC histogram. How This ROC Histogram Works for Wave Pulses Wave Alignment: Above Zero (Bullish Momentum): Positive ROC bars indicate flows (e.g., impulse Waves 1, 3, or rebounds in Wave B/C). Bright green bars show accelerating momentum (strong pulses), while light green bars suggest fading momentum (potential wave tops). Below Zero (Bearish Momentum): Negative ROC bars indicate ebbs (e.g., corrective Waves 2, 4, A, or C). Bright red bars show increasing bearish momentum (strong pullbacks), while light red bars suggest slowing declines (potential wave bottoms). 3-4 Wave Pulses: In a 3-wave A-B-C correction: Wave A (down) shows bright red bars (falling ROC), Wave B (up) shows bright/light green bars (rising ROC), and Wave C (down) shifts back to red bars. In a 4-wave consolidation: Alternating green/red bars highlight the rhythmic ebbs and flows as momentum oscillates. Timing: Zero-line crossovers mark wave transitions (e.g., from Wave 2 to Wave 3). Color changes (e.g., bright to light green) signal momentum shifts within waves, helping identify pulse peaks/troughs. Advantages Over MACD: The ROC histogram is more responsive than the MACD histogram because ROC directly measures price change percentage, while MACD relies on moving average differences, which introduce lag. This makes the ROC histogram better for capturing rapid 3-4 wave pulses, as you noted. Example Usage For a stock with 3-4 wave pulses on a 5-minute chart: Wave 1 (Flow): ROC rises above zero, histogram turns bright green (rising momentum), indicating a strong bullish pulse. Wave 2 (Ebb): ROC falls below zero, histogram shifts to bright red (falling momentum), signaling a corrective pullback. Wave 3 (Flow): ROC crosses back above zero, histogram becomes bright green again, confirming a powerful pulse. Wave 4 (Ebb): ROC dips slightly, histogram turns light green (falling momentum above zero) or light red (rising momentum below zero), indicating consolidation. Alerts trigger on zero-line crosses (e.g., from Wave 2 to Wave 3), helping time trades. Settings Recommendations Default (length=9): Works well for most time frames, balancing sensitivity and smoothness. Intraday Pulses: Use length=5 or length=7 for faster signals on 5-minute or 15-minute charts. Daily Charts: Try length=12 or length=14 for broader wave cycles. Testing: Apply to a stock with clear wave patterns (e.g., tech stocks like AAPL or TSLA) and adjust length to match the pulse frequency you observe. Notes Confirmation: Pair the ROC histogram with price action (e.g., Fibonacci retracements, support/resistance) to validate wave counts, as momentum oscillators can be noisy in choppy markets. Divergences: Watch for divergences (e.g., price makes a higher high, but ROC histogram bars are lower) to spot wave reversals, especially at Wave 3 or C ends. Comparison to MACD: The ROC histogram is faster and more direct, making it ideal for short-term pulse waves, but it may be more volatile, so use with technical levels for precision.
אינדיקטור Pine Script®
מאת ‎Coulisnosaj‎
Elder's Force Index Function (with source)TradingView has built in functions for RSI, Momentum, and many other oscillators. Why the source isn't available for Elder's Force Index is beyond me. To me it's one of the Holy Grail indicators. This is EFI indicator with a simple function inside the source code. You're can easily copy this function into any study(indicator) or strategy that uses built-in oscillators, as a replacement. Example using EFI instead of RSI in built-in Divergence Indicator: gyazo.com //Discord: Sheldon#7775 //Server: discord.gg
אינדיקטור Pine Script®
מאת ‎SheldonPatnett‎
SynthSAR ConfirmationThis indicator represents confirmation of a trend based on the PSAR indicator and includes signals from the MACD, stochastic oscillator, and awesome oscillator. It displays the points of the parabolic SAR on the chart, which help determine the direction of the trend. Additionally, the indicator allows for tracking signals based on the combined analysis of three other technical indicators: MACD, stochastic oscillator, and awesome oscillator. Furthermore, the indicator includes the ability to display buy/sell labels and signals for changing the trend direction. This is not an investment recommendation.Very effective in higher timeframes.If the MACD "macd line" crosses the "signal line" from above and the Stochastic %K line crosses the %D line from above, and the last column in the Avesome Oscillator is red, then the indicator gives a signal to sell. If the MACD "macd line" crosses the "signal line" from below and the Stochastic %K line crosses the %D line from below, and the last column in the Avesome Oscillator is green, then the indicator gives a signal to buy.
אינדיקטור Pine Script®
מאת ‎Qodirjon‎
3
ADX + BB %B + AO + EMA [Luca Massuda]This trading strategy combines different indicators: 1) ADX, Average Directional Movement: to spot the trend 2) BB %B Bollinger Band %B: to spost relative price position to Bollinger Bands 3) AO Awesome Oscillator: to spot momentum 4) ema 5,ema21, ema50, ema200: to decide long or short position You can configure: Take profit % : at which % gains to take profit from the entry price Stop loss % : at which % stop loss from the entry price BB %B Overbought: At which level you consider Overbought respect to Bollinger Bands (values 0 to 100) BB %B Oversold: At which level you consider Oversold respect to Bollinger Bands (values 0 to 100) Awesome Oscillator: AO level to consider a long or short position +/- 2 ADX: ADX value to consider a long or short position Start Date, Month, Year: Starting point for a backtesting strategy Lenght , Source , Standard Deviation: Bollinger Bands values ADX smoothing, DI Lenght: ADX values Green and purple zones indicate when the strategy can go long or short. Default Long conditions: ema5>ema21 and ema50>ema200 and bb>75% and ao>2 and adx>15 Default Short conditions: ema515
אסטרטגיית Pine Script®
מאת ‎luca.massuda‎
1
DVDIQQE [DW]This is an experimental study inspired by the Quantitative Qualitative Estimation indicator designed to identify trend and wave activity. In this study, rather than using RSI for the calculation, the Dual Volume Divergence Index oscillator is utilized. First, the DVDI oscillator is calculated by taking the difference between PVI and its EMA, and NVI and its EMA, then taking the difference between the two results. Optional parameters for DVDI calculation are included within this script: - An option to use tick volume rather than real volume for the volume source - An option to use cumulative data, which sums the movements of the oscillator from the beginning to the end of TradingView's maximum window to give a more broad picture of market sentiment Next, two trailing levels are calculated using the average true range of the oscillator. The levels are then used to determine wave direction. Lastly, rather than using 0 as the center line, it is instead calculated by taking a cumulative average of the oscillator. Custom bar colors are included. Note: For charts that have no real volume component, use tick volume as the volume source.
אינדיקטור Pine Script®
מאת ‎DonovanWall‎
25
Moving Average Shift [Quantora]Title: Moving Average Shift Description: The Moving Average Shift is a dynamic technical analysis tool designed to help traders better visualize trend strength and direction using a combination of customizable moving averages and a volatility-adjusted oscillator. 🔧 Features: Multi-Type Moving Average Selection Choose from SMA, EMA, SMMA (RMA), WMA, and VWMA for your main signal line. ZLSMA Trio Three Zero-Lag Smoothed Moving Averages (ZLSMA) with adjustable lengths and colors provide a smoother trend-following structure without the delay of traditional MAs. EMA Ribbon (50/100/200) Add clarity to long-term trend direction with layered Exponential Moving Averages in key institutional periods. Volatility-Adjusted Oscillator A color-changing oscillator calculated from the normalized deviation between price and the selected MA. This helps identify trend shifts and momentum buildups. Custom MA Line Widths and Styling Full control over the width and appearance of all MA lines for visual clarity. Bar & Candle Coloring Bars and candles dynamically change color based on the relationship between price and the selected MA — helping you quickly assess bullish/bearish conditions. 📈 How It Helps: Spot early trend shifts through the oscillator. Confirm trades using the alignment between ZLSMAs and EMAs. Quickly assess current trend conditions using color-coded price bars.
אינדיקטור Pine Script®
מאת ‎Quantora-Trades‎
1
Clustering Volatility (ATR-ADR-ChaikinVol) [Sam SDF-Solutions]The Clustering Volatility indicator is designed to evaluate market volatility by combining three widely used measures: Average True Range (ATR), Average Daily Range (ADR), and the Chaikin Oscillator. Each indicator is normalized using one of the available methods (MinMax, Rank, or Z-score) to create a unified metric called the Score. This Score is further smoothed with an Exponential Moving Average (EMA) to reduce noise and provide a clearer view of market conditions. Key Features: Multi-Indicator Integration: Combines ATR, ADR, and the Chaikin Oscillator into a single Score that reflects overall market volatility. Flexible Normalization: (Supports three normalization methods) MinMax: Scales values between the observed minimum and maximum. Rank: Normalizes based on the relative rank within a moving window. Z-score: Standardizes values using mean and standard deviation. Dynamic Window Selection: Offers an automatic window selection option based on a specified lookback period, or a fixed window size can be used. Customizable Weights: Allows the user to assign individual weights to ATR, ADR, and the Chaikin Oscillator. Optionally, weights can be normalized to sum to 1. Score Smoothing: Applies an EMA to the computed Score to smooth out short-term fluctuations and reduce market noise. Cluster Visualization: Divides the smoothed Score into a number of clusters, each represented by a distinct color. These colors can be applied to the price bars (if enabled) for an immediate visual indication of the current volatility regime. How It Works: Input & Window Setup: Users set parameters for indicator periods, normalization methods, weights, and window size. The indicator can automatically determine the analysis window based on the number of lookback days. Calculation of Metrics: The indicator computes the ATR, ADR (as the average of bar ranges), and the Chaikin Oscillator (based on the difference between short and long EMAs of the Accumulation/Distribution line). Normalization & Scoring: Each indicator’s value is normalized and then weighted to form a raw Score. This raw Score is scaled to a range using statistics from the chosen window. Smoothing & Clustering: The raw Score is smoothed using an EMA. The resulting smoothed Score is then multiplied by the number of clusters to assign a cluster index, which is used to choose a color for visual signals. Visualization: The smoothed Score is plotted on the chart with a color that changes based on its value (e.g., lime for low, red for high, yellow for intermediate values). Optionally, the price bars are colored according to the assigned cluster. _____________ This indicator is ideal for traders seeking a quick and clear assessment of market volatility. By integrating multiple volatility measures into one comprehensive Score, it simplifies analysis and aids in making more informed trading decisions. For more detailed instructions, please refer to the guide here:
אינדיקטור Pine Script®
מאת ‎SDF-Solutions‎
OBV 1min Volume SqueezeIn the vast realm of trading strategies, few terms evoke as much intrigue as the word "squeeze." It conjures images of pent-up energy, ready to burst forth in a sudden and decisive move. In this blog post, we'll delve into a new trading idea titled the "OBV 1-Minute Volume Squeeze" which aims to catch bigger market movements by fetching 1 minute OBV data on higher time charts. The Essence of Squeeze In trading parlance, a "squeeze" typically denotes a scenario where volatility contracts, and prices consolidate within a narrow range. Translating this concept to volume dynamics, a "volume squeeze" suggests a period of compressed volume activity. It is unclear if the Bulls or the Bears are at winning hand and price is thus consolidating. The script calculates buying and selling pressure by fetching 1 min data. The total volume presure is the sum of absolute values of the buying and selling pressure added up. By deviding the Buying volume by the total volume we know the Buying Pressure. The trading theory suggest that when the buying pressure exceeds a certain value eg. 50% (default value in the script is 55%) it is likely the trend will continue to go up for a longer period of time. Vice Versa when selling pressure is higher, the trend is likely to continue down. In the script you can adjust the sensitivity in such way a higher "Volume Pressure %" result in less trading signals. Fetching 1 min data The OBV is a wonderful indicator to measure the buying and selling pressure. A disadvantage of the script is that the total volume pressure is presented as a positive (buying) or negative value (selling) value in the Oscillator. It does not offset the Bulls power against the Bears power at given time. The script aims to do measure the directional volume power by defining a volume pressure % (oulier value) by fetching 1 min OBV data on higher time frame charts comparing the Bulls power against the Bears Power. The code is included below: // Fetch Lower Timeframe Data in an array // nV = ZeroValue, sV = Selling Volume, bV = Buying Volume, tV = Total Volume = request.security_lower_tf(syminfo.tickerid, '1', ) sum_bV_Lengthbars = array.sum(bV) sum_sV_Lengthbars = array.sum(sV) sum_tV_Lengthbars = sum_bV_Lengthbars + sum_sV_Lengthbars // Combine buying and selling volumes to get total volume // Calculate buying and selling volume as percentage of the total volume, but ensure the denominator isn't zero. buying_percentage = sum_tV_Lengthbars != 0 ? sum_bV_Lengthbars / sum_tV_Lengthbars * 100 : na selling_percentage = sum_tV_Lengthbars != 0 ? -(sum_sV_Lengthbars / sum_tV_Lengthbars * 100) : na OBV Oscillator Explanation The On Balance Volume (OBV) indicator is a technical analysis tool used to measure buying and selling pressure in the market. It does this by keeping a running total of volume flows. OBV is typically calculated by adding the volume on a candle when the price closes higher than the previous candle's close and subtracting the volume on candles when the price closes lower than the previous candles close. If the price closes unchanged from the previous candle, the volume is not added to or subtracted from the OBV. The OBV can be presented as an oscillator. Positve value is the buying pressure and negative values is the selling pressure. In the settings the OBV is calculated based on 1 min data and comes with the following input options for visualization on the chart: Higher Time Frame Settings (make sure the HTF is higher than the chart you have open) Type of MA being: EMA, DEMA, TEMA, SMA, WMA, HMA, McGinley Volume Pressure % (outlier value) Length of number of bars (of the choosen HTF settings) Smoothing of number candles of hte opened timechart. Note that higher number of bars to smoothen the indicator results in less signals, but lag of the indicator increases. The Oscilator contains 3 main lines which are used to determin the entry signals: Orange Line = the Outlier value in settings described as "Volume Pressure %" Green Line = Total Buying Pressure OBV Red Line = Total Selling Pressure OBV If the Green or Red line is in between the zero line and the orange line the volume is squeezed and waiting for a directional break out. If the Green line crosses over the orange line the buying pressure is > 55% and triggers a long entry position (green dot). If the Red line crosses under the orange line the selling pressure is > 55% and triggers an short entry (red dot). In the strategy settings this option is called: "Wait for total volume to increase?". Alternative Strategy Options In order to play around with different settings users can opt for two more strategy entry settings, called: "Wait for total volume to deacrease?" --> Only gives a signal when total volume is declining, but buying or selling pressure maintains and crosses % threshold. "Wait for Pull Back?" --> After a pullback occured and opposite buy/sell pressure gets lower than threshold (direction is shifting) Turning on all options will logically result into more signals. Note these strategy ideas are experimental and can best be used in confirmation with other indicators. Moving Average Filter (HTF) The Oscillator has a horizontal line at the bottom. The line is green when the moving average is in a uptrend and red when the moving average is in a downtrend. The MA Filter comes with the following settings: Higher Time Frame Setting Type of MA being: EMA, DEMA, TEMA, SMA, WMA, HMA, McGinley Length of number of bars (of the choosen HTF settings) At last I hope you like this volume trading idea and if you have any comments let me know!
אינדיקטור Pine Script®
מאת ‎Harrocop‎
3
cd_RSI_Divergence_CxGeneral: The Relative Strength Index (RSI) is a momentum oscillator widely used by traders in price analysis. In addition to showing overbought/oversold zones, divergences between RSI and price are also tracked to identify trading opportunities. The general consensus is that oscillators alone are not sufficient for entries and should be evaluated together with multiple confirmations. This oscillator is designed as an additional confirmation/compatible tool for strategies that already use higher time frame (HTF) sweeps and lower time frame (LTF) confirmations such as Change in State Delivery (CISD) or Change of Character (CHOCH). Features: While RSI oscillators are commonly displayed in line format (classic), this indicator also offers candlestick-style visualization. Depending on the selected source, period length, and EMA length, RSI can be displayed as lines and/or candlesticks. Divergence detection & tracking: Price and RSI values are monitored on the chosen higher time frame (from the menu) to determine highs and lows. For divergence display, the user can choose between two modes: 1- Alignment with HTF Sweep 2- All 1 - Alignment with HTF Sweep: First, the price must sweep the previous high/low of the candle on the HTF (i.e., break it) but fail to continue in that direction and return inside (sweep). If this condition is met, RSI values are checked: If price makes a high sweep but RSI fails to make a new high → divergence is confirmed. If price makes a low sweep but RSI fails to make a new low → divergence is confirmed. Divergence is then displayed on the chart. 2 - All: In this mode, sweep conditions are ignored. Divergence is confirmed if: Price makes a new high on HTF but RSI does not. RSI makes a new high on HTF but price does not. Price makes a new low on HTF but RSI does not. RSI makes a new low on HTF but price does not. Menu & Settings: RSI visualization (source + period length + EMA period length) Option to choose classic/candlestick style display Color customization Higher time frame selection Adjustable HTF boxes and table display Final notes: This oscillator is designed as an additional confirmation tool for strategies based on HTF sweep + LTF CISD/CHOCH confirmation logic. The chosen HTF in the oscillator should match the time frame where sweeps are expected. Divergence signals from this oscillator alone will not make you profitable. For spot trades, monitoring sweeps and divergences on higher time frames is more suitable (e.g., Daily–H1 / Weekly–H4). My personal usage preferences: Entry TF: 3m HTF bias: Daily + H1 Sweep + CISD: 30m / 3m Market Structure: 3m RSI divergence: HTF = 30m If all of them align bullish or bearish ( timeframe alignment ), I try to take the trade. I’d be glad to hear your feedback and suggestions for improvement. Happy trading!
אינדיקטור Pine Script®
מאת ‎cdikici71‎
8
Chaikin DivergenceOverview The Chaikin Divergence is a powerful technical indicator designed to enhance the traditional Chaikin Oscillator by incorporating divergence detection between the oscillator and price action. This advanced tool not only plots the Chaikin Oscillator but also identifies and highlights bullish and bearish divergences, providing traders with valuable insights into potential trend reversals and momentum shifts. Key Features Chaikin Oscillator Plotting: Visual representation of the Chaikin Oscillator, aiding in the analysis of market momentum based on volume and price. Divergence Detection: Bullish Divergence: Indicates potential upward reversals when price forms lower lows while the oscillator forms higher lows. Bearish Divergence: Signals possible downward reversals when price creates higher highs while the oscillator forms lower highs. Customizable Settings: Fast Length & Slow Length: Adjust the periods for the Exponential Moving Averages (EMA) used in the oscillator calculation. Pivot Detection Parameters: Define the sensitivity of pivot high and pivot low detection with adjustable left and right bars. Bars Lookback for Divergence: Set the number of bars to look back for identifying divergences. Color Customization: Choose distinct colors for bullish and bearish divergence labels to match your trading preferences. Visual Indicators: Divergence Labels: Clear and distinct labels (arrows or dots) on the chart indicating the type and location of divergences. Zero Line: A dashed zero line to reference the oscillator’s crossing points. Chaikin Oscillator Calculation: The indicator calculates the Chaikin Oscillator by subtracting the slow EMA of the Accumulation/Distribution Line (ta.accdist) from the fast EMA. This oscillates around the zero line, indicating buying and selling pressure. Pivot Detection: Utilizes ta.pivothigh and ta.pivotlow functions to identify significant pivot points in price action. These pivot points serve as reference points for divergence analysis. Divergence Identification: Bullish Divergence: Detected when a recent pivot low in price is lower than the previous pivot low, while the corresponding oscillator value is higher than the previous oscillator pivot. Bearish Divergence: Identified when a recent pivot high in price is higher than the previous pivot high, but the oscillator value is lower than the previous oscillator pivot. Label Plotting: When a divergence is detected, the indicator plots a label (arrow or dot) on the chart at the pivot point, signaling the type of divergence. Adding the Indicator: Open TradingView and navigate to the chart where you want to apply the indicator. Open the Pine Editor, paste the Chaikin Oscillator with Divergences script, and add it to your chart. Configuring Settings: Fast Length & Slow Length: Adjust these to modify the sensitivity of the Chaikin Oscillator. Shorter periods make the oscillator more responsive to price changes. Left Bars for Pivots & Right Bars for Pivots: Define how many bars to the left and right are considered when identifying pivot points. Increasing these values makes pivot detection less sensitive. Bars Lookback for Divergence: Set how far back the indicator should search for previous pivot points when identifying divergences. A higher value allows detection over a longer timeframe. Bullish/Bearish Divergence Colors: Choose colors that stand out against your chart background for easy identification of divergence signals. Interpreting Signals: Bullish Divergence Labels: Appear when there's a potential upward reversal, signaling a possible buying opportunity. Bearish Divergence Labels: Show up when a downward reversal might be imminent, indicating a possible selling opportunity. Oscillator Crosses Zero: Pay attention to when the oscillator crosses the zero line, as this can also signal changes in momentum. Combining with Other Indicators: For enhanced trading strategies, combine divergence signals with other technical indicators or chart patterns to confirm potential trade setups.
אינדיקטור Pine Script®
מאת ‎zaqwasick‎
Crypto Volume/Strength ComparatorHello Traders, Here is an attempt to perform comparative analysis between top cryptos based on strength (oscillator) and volume. Methodology used here is similar to Magic Number formula described in the post : Enhanced Magic Formula for fundamental analysis . But, instead of using fundamentals, we are making use of few technicals to derive similar outcome. Usage of the available stats will not be same as Magic number since we are using technicals. ⬜ Process ▶ Get crypto exchange based on prefix of instrument being used. ▶ For the given exchange, get data for all the tickers available in input fields. ▶ Calculate Oscillator, Momentum based on price for each tickers. ▶ Calculate Oscillator, Momentum based on volume for each tickers. ▶ Calculate Volatility for each tickers. ▶ Rank Price-Oscillator, Price-Momentum, Volume-Oscillator, Volume-Momentum, Volatility for each tickers. ▶ Calculate combined rank by adding up individual ranks. ▶ Calculate movement of rankings from bar to bar ▶ Sort tickers based on rank and populate them on table. Display direction of rankings. ⬜ Components Display components are as follows: ⬜ Settings Settings are pretty simple and straightforward ⬜ Calculations ▶ Oscillators : High values of oscillators are considered as ideal as the process is intended towards finding trend. ▶ Momentum : Momentum is calculated on the basis of Squeeze Momentum Indicator by @LazyBear. ▶ Volatility : Volatility is calculated on the basis of Williams Vix Fix by @ChrisMoody. Here too since we are in trend following mode, lower vix fix is considered ideal. ⬜ Few Notes Tickers will show data only if selected exchange has them. Some tickers are not available in all exchanges. In that case, it will show NAN. This is kind of unavoidable as we need to have fixed size arrays for any calculations. Indicator works only on crypto tickers which has valid exchange. Tickers move through the rankings in real time. Background of all stats are based on gradient from green to red. Tickers on top may not always have better long opportunity or tickers at bottom may not always be optimal for shorting. We need to consider how long the instrument may stay in the position or how fast it is moving in opposite direction. Hence, directions of the ranking movement are also shown on the table.
אינדיקטור Pine Script®
מאת ‎Trendoscope‎
6
ADX + DMI (HMA Version)📝 Description (What This Indicator Does) 🚀 ADX + DMI (HMA Version) is a trend strength oscillator that enhances the traditional ADX by using the Hull Moving Average (HMA) instead of EMA. ✅ This results in a much faster and more responsive trend detection while filtering out choppy price action. 🎯 What This Indicator Does: 1️⃣ Measures Trend Strength – ADX shows when a trend is strong or weak. 2️⃣ Identifies Trend Direction – DI+ (Green) shows bullish momentum, DI- (Red) shows bearish momentum. 3️⃣ Uses Hull Moving Average (HMA) for Faster Signals – Removes lag and reacts faster to trend changes. 4️⃣ Reduces False Signals – Traditional ADX lags behind, but this version reacts quickly to reversals. 5️⃣ Good for Scalping & Day Trading – Especially for BTC 5-min and lower timeframes. ⚙ Indicator Inputs (Customization) Input Name Example Value Purpose ADX Length 14 Defines the smoothing for the ADX value. DI Length 14 Defines how DI+ and DI- are calculated. HMA Length 24 Hull Moving Average smoothing for ADX & DI+. Trend Threshold 25 The level above which ADX confirms a strong trend. 📌 You can adjust these settings to optimize for different assets and timeframes. 🎯 Trading Rules & How to Use It ✅ How to Identify a Strong Trend: When ADX (Blue Line) is above 25→ A strong trend is in play. When ADX is below 25 → The market is choppy or ranging. ✅ How to Use DI+ and DI- for Trend Direction: If DI+ (Green) is above DI- (Red), the market is in an uptrend. If DI- (Red) is above DI+ (Green), the market is in a downtrend. ✅ How to Confirm Entries & Exits: 1️⃣ Enter Long when DI+ crosses above DI- while ADX is rising above 25. 2️⃣ Enter Short when DI- crosses above DI+ while ADX is rising above 25. 3️⃣ Avoid trading when ADX is below 25 – the market is in a choppy range. This should not be used as a stand alone oscillator. Trading takes skill and is risky. Use at your own risk. This is not advise on how to trade, these are just examples of how I use the oscillator. Trade at your own risk. You can put this on your chart versus the tradingview adx and you can adjust the settings to see the difference. This was optimized for btc on the 5 min chart. You can adjust for your trading strategy.
אינדיקטור Pine Script®
מאת ‎TonyToota‎
Heikin Ashi Processed Generalized Smooth StepDisclaimer : This is my attempt of smoothing and improving @tarasenko_ script. Find the originial author here : Overview: The Smooth Step Heikin Ashi Indicator is an enhanced version of the original script developed by tarasenko_. This advanced TradingView tool integrates Heikin Ashi candlestick calculations with a sophisticated smoothing oscillator, offering traders improved trend visualization and dynamic alert capabilities. Key Enhancements: Refined Heikin Ashi Calculations: The indicator computes smoothed Open, High, Low, and Close (OHLC) values with adjustable factors, allowing for more precise trend analysis. It also includes an optional second-level modified Heikin Ashi calculation for additional smoothing. Advanced Smooth Step Oscillator: Utilizing Pascal’s triangle, this oscillator provides a visual representation of price momentum. Traders can configure the lookback period, equation order, and threshold to tailor the oscillator to specific trading strategies. Enhanced Customization Options: Users can toggle between standard and Heikin Ashi candles, adjust smoothing parameters, and set display preferences to align with their analytical needs. Noise Reduction: Smoothes out market fluctuations using customizable Heikin Ashi factors. Introduces a second-level smoothing option for even greater noise reduction, allowing traders to focus on the core trend. Original Indicator : Heikin Ashi processed version : Visualization Features: Heikin Ashi Candles: Displays candles with customizable colors and visibility settings, aiding in clearer trend identification. Smooth Step Oscillator Line: Plots a line that reflects trend strength and momentum, assisting traders in making informed decisions. Threshold Line: Provides a visual reference point to facilitate quick assessments of market conditions. Conclusion: Building upon tarasenko_'s original work, the Smooth Step Heikin Ashi Indicator delivers a robust tool for traders seeking refined market analysis. Its combination of advanced smoothing techniques and dynamic alert features makes it a valuable addition to any trader's toolkit.
אינדיקטור Pine Script®
מאת ‎BullVisionCapital‎
Periodical Trend [BigBeluga]The Periodical Trend indicator is designed to provide a detailed analysis of market trends and volatility. It utilizes a combination of Moving Averages and volatility measures to plot trend line, highlight potential trend reversals, and indicate mean reversion opportunities. The indicator offers customizable display options, allowing traders to adjust for sensitivity, volatility bands, and price deviation visibility. 🔵 KEY FEATURES ● Periodical Trend Analysis Uses (high + volatility) or (low - volatility) as the foundation for trend analysis with a set period. // Condition to update the AVG array based on the selected mode if mode == "Normal" ? bar_index == 122 : bar_index % period == 0 AVG.push(close) // Add the close price to the AVG array // Update AVG array based on the period and price comparison if bar_index % period == 0 if close > AVG.last() // If the current close is greater than the last stored value in AVG AVG.push(low - vlt) // Add the low price minus volatility to the array if close < AVG.last() // If the current close is lower than the last stored value in AVG AVG.push(high + vlt) // Add the high price plus volatility to the array Provides adjustable sensitivity modes ("Normal" and "Sensitive") for different market conditions. Trend direction is visualized with dynamic color coding based on the relationship between the trend line and price. ● Volatility Bands Displays upper and lower volatility bands derived from a moving average of price volatility (high-low). The bands help identify potential breakout zones, overbought, or oversold conditions. Users can toggle the visibility of the bands to suit their trading style. ● Mean Reversion Signals Detects mean reversion opportunities when price deviates significantly from the trend line. Includes both regular and strong mean reversion signals, marked directly on the chart. Signals are based on oscillator crossovers, offering potential entry and exit points. ● Price Deviation Oscillator Plots an oscillator that measures the deviation of price from the average trend line. The oscillator is normalized using standard deviation, highlighting extreme price deviations. Traders can choose to display the oscillator for in-depth analysis of price behavior relative to the trend. ● Dynamic Trend Coloring The indicator colors the background on the direction of the trend. Green indicates bullish trends, while blue indicates bearish trends. The trend colors adapt dynamically to market conditions, providing clear visual cues for traders. 🔵 HOW TO USE ● Trend Analysis The trend line represents the current market direction. A green trend line suggests a bullish trend, while a blue trend line indicates a bearish trend. Use the trend line in conjunction with volatility bands to confirm potential breakouts or areas of consolidation. ● Volatility Bands Volatility bands offer insight into potential overbought or oversold conditions. Price exceeding these bands can signal a strong trend continuation or a possible reversal. ● Mean Reversion Strategies Look for mean reversion signals (regular and strong) when price shows signs of reverting to the trend line after significant deviation. Regular signals are represented by small dots, while strong signals are represented by larger circles. These signals can be used as entry or exit points, depending on the market context. ● Price Deviation Analysis The oscillator provides a detailed view of price deviations from the trend line. A positive oscillator value indicates that the price is above the trend, while a negative value suggests it is below. Use the oscillator to identify potential overbought or oversold conditions within the trend. 🔵 USER INPUTS ● Period Defines the length of the period used for calculating the trend line. A higher period smooths out the trend, while a shorter period makes the trend line more sensitive to price changes. ● Mode Choose between "Normal" and "Sensitive" modes for trend detection. The "Sensitive" mode responds more quickly to price changes, while the "Normal" mode offers smoother trend lines. ● Volatility Bands Toggle the display of upper and lower volatility bands. These bands help identify potential areas of price exhaustion or continuation. ● Price Deviation Toggle the display of the price deviation oscillator. This oscillator shows the deviation of the current price from the trend line and highlights extreme conditions. ● Mean Reversion Signals Toggle the display of mean reversion signals. These signals highlight potential reversal points when the price deviates significantly from the trend. ● Strong Mean Reversion Signals Toggle the display of stronger mean reversion signals, which occur at more extreme deviations from the trend. ● Width Adjust the thickness of the trend line for better visibility on the chart. 🔵 CONCLUSION The Periodical Trend indicator combines trend analysis, volatility bands, and mean reversion signals to provide traders with a comprehensive tool for market analysis. By offering customizable display options and dynamic trend coloring, this indicator can adapt to different trading styles and market conditions. Whether you are a trend follower or a mean reversion trader, the Periodical Trend indicator helps identify key market opportunities and potential reversals. For optimal results, it is recommended to use this indicator alongside other technical analysis tools and within the context of a well-structured trading strategy.
אינדיקטור Pine Script®
מאת ‎BigBeluga‎
2
Spider VisionSpider Vision is an indicator that I created for trading view, which consists of a spider chart with 7 indicators built into it. This chart provides a visual representation of how these indicators are behaving, allowing traders to quickly assess the current market conditions. The chart displays the following indicators: RSI (Relative Strength Index): This is a momentum indicator that measures the strength of a security's price action. When the RSI is above 70, it is considered overbought, and when it is below 30, it is considered oversold. Stochastic: This is another momentum indicator that compares the closing price of a security to its price range over a given time period. When the stochastic is above 80, it is considered overbought, and when it is below 20, it is considered oversold. Momentum: This is a simple indicator that measures the change in a security's price over a given time period. When the momentum is positive, it indicates that the price is increasing, and when it is negative, it indicates that the price is decreasing. BBW (Bollinger Bands Width): This indicator measures the width of the Bollinger Bands, which are a popular technical analysis tool used to identify potential trends and reversals. When the BBW is high, it suggests that the market is volatile, and when it is low, it suggests that the market is quiet. DTO (Detrended Price Oscillator): This indicator measures the difference between the price of a security and its moving average. When the DTO is positive, it indicates that the price is above its moving average, and when it is negative, it indicates that the price is below its moving average. Chop Zone: This indicator measures the choppiness of the market by comparing the average true range (ATR) to the difference between the high and low prices over a given time period. When the chop zone is high, it suggests that the market is choppy, and when it is low, it suggests that the market is trending. Chaikin Oscillator: This is an oscillator that measures the accumulation/distribution of a security. When the Chaikin Oscillator is positive, it indicates that there is buying pressure in the market, and when it is negative, it indicates that there is selling pressure. To use this indicator, traders can simply add it to their TradingView chart and adjust the input parameters to suit their trading style. The scale parameter can be used to adjust the size of the spider chart, while the color parameters can be used to customize the appearance of the chart. Traders can also adjust the length of each indicator to suit their preference. Overall, the Spider Vision indicator provides a convenient way for traders to quickly assess the current market conditions and make more informed trading decisions.
אינדיקטור Pine Script®
מאת ‎The_Peaceful_Lizard‎
1
Combo Backtest 123 Reversal & D_Three Ten OscThis is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy TradeStation does not allow the user to make a Multi Data Chart with a Tick Bar Chart and any other type a chart. This indicator allows the user to plot a daily 3-10 Oscillator on a Tick Bar Chart or any intraday interval. Walter Bressert's 3-10 Oscillator is a detrending oscillator derived from subtracting a 10 day moving average from a 3 day moving average. The second plot is an 16 day simple moving average of the 3-10 Oscillator. The 16 period moving average is the slow line and the 3/10 oscillator is the fast line. For more information on the 3-10 Oscillator see Walter Bressert's book "The Power of Oscillator/Cycle Combinations" WARNING: - For purpose educate only - This script to change bars colors.
אסטרטגיית Pine Script®
מאת ‎HPotter‎
2
Combo Backtest 123 Reversal & D_Three Ten Osc This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy TradeStation does not allow the user to make a Multi Data Chart with a Tick Bar Chart and any other type a chart. This indicator allows the user to plot a daily 3-10 Oscillator on a Tick Bar Chart or any intraday interval. Walter Bressert's 3-10 Oscillator is a detrending oscillator derived from subtracting a 10 day moving average from a 3 day moving average. The second plot is an 16 day simple moving average of the 3-10 Oscillator. The 16 period moving average is the slow line and the 3/10 oscillator is the fast line. For more information on the 3-10 Oscillator see Walter Bressert's book "The Power of Oscillator/Cycle Combinations" WARNING: - For purpose educate only - This script to change bars colors.
אינדיקטור Pine Script®
מאת ‎HPotter‎
1
Stochastic Momentum multi. strategyThe Stochastic Momentum Index (Stoch MTM, SMI) is based on the Stochastic Oscillator. The difference is that the Stochastic Oscillator calculates where the close is relative to the high/low range, while the SMI calculates where the close is relative to the midpoint of the high/low range. The values of the SMI range from +100 to -100. When the close is greater than the midpoint, the SMI is above zero, when the close is less than than the midpoint, the SMI is below zero. The SMI is interpreted the same way as the Stochastic Oscillator. Extreme high/low SMI values indicate overbought/oversold conditions. A buy signal is generated when the SMI rises above -50, or when it crosses above the signal line. A sell signal is generated when the SMI falls below +50, or when it crosses below the signal line. Also look for divergence with the price to signal the end of a trend or indicate a false trend. The Stochastic Momentum Index was developed by William Blau and was introduced in his article in the January, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
אסטרטגיית Pine Script®
מאת ‎new0122‎
1
Stochastic Momentum Index (Stoch MTM, SMI)Stochastic Momentum Index (Stoch MTM, SMI) The Stochastic Momentum Index (Stoch MTM, SMI) is based on the Stochastic Oscillator. The difference is that the Stochastic Oscillator calculates where the close is relative to the high/low range, while the SMI calculates where the close is relative to the midpoint of the high/low range. The values of the SMI range from +100 to -100. When the close is greater than the midpoint, the SMI is above zero, when the close is less than than the midpoint, the SMI is below zero. The SMI is interpreted the same way as the Stochastic Oscillator. Extreme high/low SMI values indicate overbought/oversold conditions. A buy signal is generated when the SMI rises above -50, or when it crosses above the signal line. A sell signal is generated when the SMI falls below +50, or when it crosses below the signal line. Also look for divergence with the price to signal the end of a trend or indicate a false trend. The Stochastic Momentum Index was developed by William Blau and was introduced in his article in the January, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
אינדיקטור Pine Script®
מאת ‎new0122‎
Goethe B - Mutiple Leading Indicator PackageGoethe B is an Indicator Package that contains multiple leading and lagging indicators. The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used. What is the main oscillator? - The main oscillator is TSV, or time segmented volume. It is one of the more interesting leading indicators. What is the top bar? -The top bar shows a trend confirmation based on the wolfpack ID indicator. What are those circles on the second top bar? -Those are Divergences of an internally calculated PVT oscillator. Red for Regular-Bearish, Green for Regular-Bullish. What are those circles on the main oscillator? -These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. What are those circles on the second lower bar? -Those are Divergences of an internally calculated CCI indicator. Red for Regular-Bearish, Green for Regular-Bullish. What is the lower bar? -The lower bar shows a trend confirmation based on the Acceleration Oscillator, in best case it showes how far in the trend the current price action is. What are those orange or aqua squares? - These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator threshold. Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
אינדיקטור Pine Script®
מאת ‎AdonisWerther‎
16
Inverse Divergence [HeWhoMustNotBeNamed]Experimental. In regular scenario divergence calculation follows these procedure Pivots on price are considered as primary source They are compared with pivots on oscillators Trend bias of price is used This is an experimental version where Pivots on oscillators are considered as primary source They are compared with pivots on price Trend bias of oscillator is used. Using percentrank to define oscillator trend Caution: Not meant for trading :)
אינדיקטור Pine Script®
מאת ‎Trendoscope‎
9
CMT's ProGo indicator v.2This was inspired by William's ProGo, which is an oscillator with a fast line based on today's open minus close compared to a slow line derived from yesterday's open minus close. These are tied to the 14 day SMA in both cases. William's hypothesis is that smart money makes its decisions based on what's happening now and dumb money makes their decisions slower. My hypothesis is that smart money reacts faster and in a more straightforward manner based on current price action while dumb money takes even longer than WIlliam's factored due to overthinking things. To reflect this, I've tied the pro line to the 1 SMA and the amateur line to the 21 SMA then changed the formula for the amateur line to open divided by close. That's a really cute story and all, but let's throw out all of the smart money/dumb money stuff and strap our boots to reality. How to use: 1.) What we're looking at in the end is an examination of the relationship between price action and the 21 SMA. Since we're exploring rate of change and momentum, divergences should be relevant, right? And divergences are relevant in this indicator. These divergences are pretty good and tend to work in harmony with the trend, though can signal reversal points. 2.) This is not a real time oscillator. It involves three levels of derivation. Sometimes it'll provide leading signals and sometimes it'll show lagging signals because we're comparing the present against the past through a filter. 3.) I've noticed that this oscillator can be used to generate angled trend lines in some cases before they become evident through price action. This is interesting. What you'll do is slap some trend lines onto the oscillator, copy those then paste them onto the price action chart, copy them a few times to create a channel and see what's what. Horizontal support and resistance on the oscillator seems to translate into future price action S/R as well. THAT's interesting. 4.) On lower time frames, this indicator will do a pretty good job of letting you know whether you're in a bearish or bullish trend. 5.) Because of how the oscillator is formulated, it only recognizes Bitcoin as either bullish or ranging on higher time frames and will only ever register bearish on lower time frames. I don't think this will ever change, but if it does register BTC as bearish on higher time frames, I'd be real worried about Bitcoin. 6.) You'll notice that over time, volatility in the oscillator increases. Neat, huh? Yeah, it'll increase as market cap does. Take care and have fun with that. v2.0 Improvements: Divergences have been added.
אינדיקטור Pine Script®
מאת ‎ChronicMasturTrader‎
5