Created by TheMightyChicken Based on Larry Connors RSI-2 Strategy - Lower RSI edited by ChrisMoody
EXPERIMENTAL: RSI Momentum Weighted Bands(cloud)
I realized that I can use my PEMA indicator () as ocillator too, so I created this indicator. Good to compare top and bottom (get divergences), and oversold and overbought areas (like RSI). If you liked, send me a small amout of bitcoin to 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf it will encorage me to create other indicators open source.
Hello Fellas, Hope you are trading fantastic and fine. Here is another setup from Steve Primo (Stocks) Setups. He claims this can be applied on any market, and you can. Primarily focused on Stocks and Futures market. NOTE : I DID CODE THE BOTTOM INDICATOR, NOT PUBLISHING IT, ITS JUST RSI(5) What did I change, ofcourse I don't publish what I find, There is a...
BB Support + Histo mode ------------------------------- Code: pastebin.com Show enclosing BB Show Insync as Histo: v02 - Configurable levels --------------------------------- Small update to allow configuring the 95/75/25/5 levels. Latest source code: pastebin.com v01 - orginal description --------------------------------- Insync Index, by Norm...
This Oscillator helps to identify the ending of waves, good to get entries and exits. Now, with a tolerance line.
Standard RSI (Relative Strength Index) with 2 EMA (Exponential Moving Averages) calculated from the RSI. Please see "Technical Analysis for the Trading Professional" by Constance Brown CMT. Enjoy!
Following Trends and Finding Divergences Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences. Built Best for 1H to 10 Min Charting BTCUSD
Indicator consisting of RSI, an EMA of RSI, an EMA of RSI's EMA, and Stochastic.
McClellan Summation Index is a breadth indicator derived from McClellan Oscillator (). The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above/below zero. As such, signals can be derived from bullish/bearish divergences, directional...
Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator. As the formula reveals, the...
This will show you the RSI of the higher timeframes (up to 1D). Current Timeframe is colored red, higher timeframes are colored from light gray to darker gray (you can change that). There are several ways to enter a trade: 1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with...
This is a famous indicator I have seen used by many Forex traders in MT4 platform. This indicator uses the difference between EMA of "close" and EMA of "open" to form the oscillator lines (not just a convergence/divergence calculation between EMA of "close") Current market state is determined by which histogram is above zero line. For more confirmation, wait for...