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The Leavitt Projection indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page11), who is most well known for creating the Volume Weighted Average Price indicator.
Respecting the slope of indicator and position of crossing zero level is giving the satisfied signals.
The Disparity Index indicator is used to define price reversal levels.
The histogram bars (disparity index) when rising above the upper band, the overbought level is reached.
The histogram bars when decreasing below the lower band, the oversold level is reached.
Just a VWAP Midas with 5 Buttons in 1 indicator
See also -->> TPO Profile <<--
See also -->> Weis & Wyckoff System <<--
Create VWAP: Click on button and select the bar for VWAP
Remove VWAP: Click the button again when it is activated.
VWAP will be updated with each new bar
Insync Index, by Norm North, is a consensus indicator. It uses RSI, MACD, MFI, DPO, ROC, Stoch, CCI and %B to calculate a composite signal. Basically, this index shows that when a majority of underlying indicators is in sync, a turning point is near.
There are couple of ways to use this indicator.
- Buy when crossing up 5, sell when crossing down 95.
- Market is typically bullish when index is above 50, bearish when below 50. This can be a great confirmation signal for price action + trend lines .
Also, since this is typical oscillator, look for divergences between price and index.
Levels 75/25 are early warning levels. Note that, index > 75 (and less than 95) should be considered very bullish and index below 25 (but above 5) as very bearish . Levels 95/5 are equivalent to traditional OB/OS levels.
The various values of the underlying components can be tuned via options page. I have also provided an option to color bars based on the index value.
More info: The Insync Index by Norm North, TASC Jan 1995
The Relative Volatility Index (RVI) is similar to the Relative Strength Index (RSI) index. Both measure the direction of volatility, but RVI uses the standard deviation of price changes in its calculations, while RSI uses the absolute price changes. The RVI is best used as a confirmation indicator to other momentum and/or trend-following indicators.
Relative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).
Use this indicator as trade zones; for long when indicator value is above level 70; for short when indicator value is below level 30