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The RationalSL indicator showing the size of StopLoss based on average periods of true range of the price, for both long and short trades.
The indicator is adopted based in different pair decimals and time frames.
This indicator is a custom indicator as a product of detrending the original RVI (Relative Vigor Index) indicator, also deriving the bands from the half detrending size.
The propose of indicator is to identify the market sentiment.
Bullish sentiment when black line is above the bands; Bearish sentiment when black line is below the bands. In case of black line make V shape that mean price action will create HL (higher low) or LH (Lower high). The HL is created when black line is above the red line, the LH is created when black line is below the red line.
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.
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
Akin to the Stochastic Oscillator, the Stochastic RSI is a technical indicator which oscillates according to change in the RSI (rather than price). It works by taking a moving average of the cumulative changes in the RSI over a given time period. The K% line is a series of values calculated by the formula:
100 x (current close - max. of RSI in given period) / (max. - min. of RSI in given period).
The D% line is a moving average over a given period of the K% line, which results in a smoother, less sensitive curve. A popular strategy is trading the crosses between the K% and D% lines according to the current market sentiment.
This is slightly different to qualitiedx2's versions (#1 and #2) of the Stochastic RSI, which are unfamiliar to me - please do let me know if I've given this an incorrect title. My implementation is similar to that described here and here (like the one on TradingView's platform).
27/08/2022 - added missing getters and setters to attributes.
28/08/2022 - removed deprecated 'PersentsK' and 'PersentsD' and implementation of the StochasticOscillator interface. Added cloud. Fixed code style. Added indicator attributes.
For scalping on very short timeframes (<M5), it is recommended to use a Stochastic Length of '8'.
AUDUSD, M1: Settings (3, 3, 14, 8, MovingAverageType.Simple)
AUDUSD, M5: Settings (3, 3, 14, 14, MovingAverageType.Simple)
·Actualización 1.2.1: Corrección de errores. También se han modificado las flechas cuando el stoch es alcista y se han añadido cuando es bajista.
·Actualización 1.2.2: Corrección de errores.
·Actualización 1.3: Corrección de errores. Los títulos RSI y Stoch, no cambian de color, solo cambia de color la información.
Este indicador, nos muestra el estado de RSI y Estocástico en forma de texto, indicándonos:
-SobreCompra en ambos osciladores.
-SobreVenta en ambos osciladores.
-Movimiento alcista en estocástico.
-Movimiento bajista en estocástico.
Qué más te gustaría que aportara este indicador? Déjalo en los comentarios para tenerlo en cuenta cuando lo actualice!
Si te gusta mi trabajo y esfuerzo, considere hacer una amable donación a través de PayPal para ayudarme a crecer y mejorar: DONA
Relative Strength Index (Bar Color Base)
Relative Strength Index (Bar Color Based) Is A Visual Chart Interface Rather Than RSI Being a Segregated oscillator indicator Which Would normally be displayed Below the chart. Relative Strength Index (Bar Color Base) Indicator Overlays the OverBought and the Oversold Levels(Parameters that you can Manipulate, as well OHLC). This Indicator Works best with others Indicators. OverBought and the Oversold Levels Are changed with Bar Color Distinction.
Example Purposes ONLY