The Moving Volume Weighted Average Price (MVWAP) is a special type of price average indicator which takes into account volume; this provides a much more accurate snapshot of the average price. This formula shows buy/sell signal based on the cross…

the Unbounded SMI values are allowed to go outside the -100 to 100 boundaries imposed by the standard SMI indicator. Periods=Param(“Periods”,15,2,100);Smooth1=Param(“Smooth1”,3,1,100);Smooth2=Param(“Smooth2”,3,1,100);HH=HHV(Ref(H,-1),Periods);LL=LLV(Ref(L,-1),Periods);StoMom=100*EMA(EMA(C-0.5*(HH+LL),Smooth1),Smooth2)/(0.5*EMA(EMA(HH-LL,Smooth1),Smooth2));Plot(StoMom,_DEFAULT_NAME(),ParamColor(“Color”,ColorCycle));PlotGrid(80,colorRed);PlotGrid(0,colorLightGrey);PlotGrid(-80,colorLightGrey);

Trend Intensity Index (TII) was developed by M.H. Pee and it is used to measure the strength of a trend of a sock, ETF, index or any other tradable security. TII oscillates around 50% line in the range from 0 to 100%….

The StochRSI is an indicator used in technical analysis that ranges between zero and one and is created by applying the Stochastic Oscillator formula to a set of Relative Strength Index (RSI) values rather than standard price data. In this…

The random walk index (RWI) is a technical indicator that attempts to determine if a stock’s price movement is random or nature or a result of a statistically significant trend. The random walk index attempts to determine when the market…

This formula is for reading price trend and volume : – Red lines indicate break highs, Blue lines indicate break lows– 1st row : indicates break 3M (3months), 6M & 9M respectively– 2nd row : indicates break 1Y (1year), 2Y…

Trend catcher is a useful indicator for taking the trading decisions,, one can build many strategies using this as a base indicator. Combine this as a reference tool for Candlestick Patterns(not every pattern is successful,, check the trend first) or…

JNSAR is a number based on market’s strength and weakness as well as the balance of demand and supply. Whatever the number may be, a choppy market could whipsaw the number occasionally to shake off your confidence in them. However, staying…

Keltner Band is a promising indicator to determine trend breakouts accurately. And experienced traders might very well know that catching accurate trend breakouts is as good a finding a fortune. Keltner band calculates the price range based on ATR (average true range),…

Combination the Stochastic %D and the Stochastic %K _SECTION_BEGIN(“Stochastic %D”); SetChartOptions(0, 0, chartGrid20 | chartGrid80); GraphXSpace = Param(“GraphXSpace”, 5, -10, 20, 1); OBthreshold = Param(“OBthreshold”, 85, 75, 100, 5); OSthreshold = Param(“OSthreshold”, 15, 0, 25, 5); PlotGrid(OBthreshold, colorRed, 8, 1,…