The Absolute Price Oscillator is based on the absolute differences between two moving averages of different lengths: a ‘Fast’ and a ‘Slow’ moving average. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Open High Low Close Adjusted Close HL/2 ( left ( frac{High + […]
The Accumulation/Distribution (AD) indicator attempts to quantify the amount of volume flowing into or out of an instrument by identifying the position of the close of the period in relation to that period’s high/low range. The volume for the period is then included in a running continuous total. Configuration Options Formula
The Accumulative Swing Index created by Welles Wilder attempts to find the swing line within the bar. Originally created to apply to daily bars, as there is a market or user defined value of the maximum price change that can occur during the trading session. Using the study on intra-day bar data will require the […]
The Average Directional Movement Index (ADX) is designed to quantify trend strength by measuring the amount of price movement in a single direction. The ADX is part of the Directional Movement system published by J. Welles Wilder, and is the average resulting from the Directional Movement indicators. Configuration Options Formula
The Alligator indicator helps differentiate between trending and resting periods. The indicator consists of three lines, overlaid on a price chart, that represent the jaw, the teeth and the lips of the alligator. It indicates that a trend is in effect and in what direction the trend is moving. The Alligator indicator uses three displaced […]
The Aroon (AR) indicator developed by Tushar Chande attempts to determine whether an instrument is trending and how strong is the trend. Aroon Up and Aroon Down lines make up the indicator with their formulas below. According to Chande, when the Aroon Up/Down values exceed 70, it indicates a strong upward or downward trend. Values […]
The Aroon Oscillator is a derivative of the Aroon indicator that provides a different way to view the results. It is constructed by subtracting Aroon Down from Aroon Up. The Aroon Oscillator oscillates between -100 and +100 with zero as the center line. The Aroon Oscillator provides the following signals: Above zero signals an uptrend. […]
The ATR Bands indicator shows trends in price movements. Based on the average true range (ATR), the ATR bands are plotted around the ATR values to indicate the direction of movements in price. Configuration Options Period: Number of bars to use in the calculations. Shift: Number of ATR multiples to draw the bands above and […]
The ATR Trailing Stops indicator sets trailing stops to close positions based on the average true range. Wider stops indicate more volatility, while narrower stops indicate less volatility. Configuration Options Multiplier: Multiples vary between 2.5 and 3.5 ATR, with 3 being the default. Period: Number of bars to use in the calculations. ATR typically uses […]
The Average True Range (ATR) study measures the size of the period’s range, and takes into account any gap from the close of the previous period. Configuration Options Formula where:
The Awesome Oscillator indicator is designed to measure changes in momentum by comparing two simple moving averages. It subtracts the simple moving average of the price bar’s midpoint for the previous 34 bars from the previous 5 bars simple moving average. The indicator displays a histogram of green and red bars. A red bar indicates […]
The Balance of Power (BOP) indicator measures a price trend by evaluating the strength of buy and sell signals, determining how strongly the price moves extreme high and low levels. The BOP oscillates beween -1 and 1, with positive values indicating stronger buying pressure and negative values indicating strong selling pressure. When the indicator gets […]
The Boll %B indicator finds the position of a security within Bollinger Bands. BBoll %B is simply a percentage measure of a security’s location between the bands. Boll %B can be lower than 0 or higher than 100 if price moves outside the bands Generally speaking, a Boll %B near or above 100 can suggest […]
The Bollinger Bands are used to find market turning points, potential trading range breakouts, and trend exhaustion. The bands form an envelope drawn a number of standard deviations above and below a moving average. The Bollinger Band study created by John Bollinger plots upper and lower volatility bands around the price of the instrument. The […]
The Bollinger Bandwidth indicator identifioes situations where the direction of an instrument’s prices are about to move. Bollinger Bands form an envelope drawn a number of standard deviations above and below a moving average. Bandwidth measures the percentage difference between the upper and lower bands, giving an indication to its volatility. Configuration Options Field: Price […]
The Center of Gravity oscillator, developed by John Ehler, produces less lag indicating pivot points. The indicator was the result of studies of adaptive filters. Configuration Options Period: Number of days in the to use for calculations. Field: Price or combination of prices to use as the base for average calculations. Possible values include: Open […]
The Chaikin Money Flow (CMF) indicator measures Money Flow Volume over a period of time to determine buying and selling pressure by comparing the closing price in relation to the high-low range and the volume. When the CMF is above zero, it can indicate buying pressure; likewise, it indicates selling pressure when the CMF is […]
The Chaikin Volatility, developed by Marc Chaikin, uses the bar range to measure volatility by comparing the differences between the high and low prices using a standard rate of change formula. The Chaikin curve oscillated -100% and +100% of the difference, with values below 0 indicating lower volatility and values above 0 indicating higher volatility. […]
The Chande Forecast Oscillator plots the percentage difference between the closing price and the n-period linear regression forecasted price. The oscillator is above zero when the forecast price is greater than the closing price and less than zero if it is below. Configuration Options Field: Price or combination of prices to use as the base […]
The Chande Momentum Oscillator (CMO) attempts to capture the momentum of the instrument. The indicator oscillates between -100 and 100 with overbought level of 50 and oversold level of -50. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Over Zones Enabled: Whether to shade […]
The Choppiness Index indicator helps determine whether the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). It shows how long an individual segment of the market outperforms the market in general. Configuration Options Formula where:
The Commodity Channel Index (CCI) compares the current mean price with the average mean price over a typical window of 20 periods. Configuration Options Formula where
The Coppock Curve indicator tries to identify buy signals in a market by looking at market activity on a monthly time scale. It adds the rates of change for a short and a long period of months and then smooths by another period’s weighted moving average. Typically, a potential buy signal occurs when the indicator […]
The Correlation Coefficient indicator helps identify the level of correlation between multiple instruments. When two instruments trend in the same direction, whether higher or lower, a stronger positive correlation is indicated. Likewisem, when the prices of the instruments trend in opposite directions, a stronger negative correlation is indicated. The correlation fluctuates between -1 and 1, […]
The Darvas Box indicator is essentially a momentum strategy. It creates boxes when the price of an instrument rises above the previous high but falls back to a price not far from that high. Its purpose is to help traders determine when to enter or exit a market. When the price breaks out of the […]
The Detrended Price Oscillator, by Gerald Appel, attempts to eliminate the long-term trends in prices by using a displaced moving average so it does not react to the most current price action. This allows the indicator to show intermediate overbought and oversold levels effectively. Configuration Options Field: Price or combination of prices to use as […]
The Directional Movement Indicators (DMI) are components of the Directional Movement system published by J. Welles Wilder, and are computed with the Average Directional Movement Index (ADX). Two indicators are plotted, a Positive DI ( +DI ) and a Negative DI ( -DI ). Configuration Options Formula Directional Movement (DM) is defined as the largest […]
The Disparity Index indicator measures the relative position of the most recent closing price to a selected moving average and reports the value as a percentage. A value greater than zero suggests that the asset is gaining upward momentum, while a value less than zero can be interpreted as a sign that selling pressure is […]
The Dochian Channel indicator creates a channel between the highest high price and lowest low price for the previous user-defined number of bars. The width of the channel helps visualize the volatility of the market price. If the price fluctuates a lot, the channel will be wider. Converely, when the price moves less, the channel […]
The Donchian Width (DW) indicator measures the difference between the high and low bands of the Donchian Channel indicator. The DW indicator rises when the width of the channel increases and descends when the width of the channel decreases, which indicates whether the volatility is increasing or descreasing. Configuration Options Formula where DC represents the […]
Ease of Movement, developed by Richard W. Arms, Jr., relates price change to volume and is particularly useful for assessing the strength of a trend. High positive values indicate the price is increasing on low volume and strong negative values indicate the price is dropping on low volume. Configuration Options Formula The four calculation below […]
Ehler Fisher Transformation indicator tries to identify significant price reversals by normalizing prices over a user-specified number of periods. A reversal signal is suggested when the two lines cross. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the […]
The Elder Force Index indicator is used to measure the power driving a movement in the price. It tries to highlight potential price reversals and corrections by analyzing the direction, length, and volume driving the price movement. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph […]
The Elder Impulse System indicator identifies transitions where a trend speeds up or slows down. The Impulse System is based on two indicators, a exponential moving average over a number of days and the MACD histogram. The moving average identifies the trend, while the MACD histogram measures momentum. As a result, the Elder Impulse System […]
The Elder Ray indicator measures buying and selling pressures to determine which group is driving the market. Bull Power measures whether the high is above or below an exponential moving average; while Bear Power measures whether the low is above or below an estimated moving average. Configuration Options Period: Number of bars to use in […]
The Fractal Chaos Bands (FCB) indicator looks back in time depending on the number of time periods trader selected to plot the indicator. The upper fractal line is made by plotting an instrument’s high prices and the lower fractal line is made by plotting price lows. Essentially, the Fractal Chaos Bands show an overall panorama […]
Configuration Options Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis.
The Gator Oscillator indicator provides a different view of the Alligator indicator. It is a histogram that plots the absolute distance between the red and green averages. Expanding green bars mean the averages are widening and the trend is stronger. Contracting red bars mean the averages are narrowing and the trend is slowing or stopping. […]
Gopalakrishnan Range Index, developed by Jayanthi Gopalakrishnan, attempts to determine the variability of price data based on the log of the price range over a user defined n-periods. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most […]
The High Low Bands indicator consist of moving averages calculated from the underling price, shifted up and down by a fixed percentage of the median price. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Open High Low Close Adjusted Close HL/2 ( left ( […]
The High Minus Low indicator simply calculates the range of the bar, or High – Low value. Configuration Options Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis. Formula [Range = High – Low]
The Highest High Value indicator simply returns the highest high price over a user defined n-periods. Configuration Options Formula
Historical Volatility is just a standard deviation of the underlying percent return over n-periods. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Formula where
The Ichimoku Clouds study was developed by Goichi Hosoda pre-World War II as a forecasting model for financial markets. The study is a trend following indicator that identifies mid-points of historical highs and lows at different lengths of time and generates trading signals similar to that of moving averages or MACD. A key difference between […]
The Intraday Momentum Index (IMI) indicator is similar to the Relative Strength Index (RSI) indicator. It is used to measure underlying strength of a market move. IMI measures the change between the current bar’s open and close prices, while RSI uses the prior bar’s close to current bar’s close change. The current price is normalized […]
The Keltner Channel was introduced in 1960 by Chester W. Keltner in his book How To Make Money in Commodities, and is also explained by Perry Kaufman’s book The New Commodity Trading Systems and Methods. Keltner Channels plots three lines, consisting of a simple moving average (typically of the average price) with upper and lower […]
Klinger Volume Oscillator, developed by Stephen Klinger, uses the key price compared to the prior bar’s key price to assign volume as positive or negative value. Configuration Options Formula where
Linear regression is a statistical tool used to help predict future values from past values. It is commonly used as a quantitative way to determine the underlying trend and when prices are overextended. A linear regression trendline uses the least squares method to plot a straight line through prices so as to minimize the distances […]
Linear regression is a statistical tool used to help predict future values from past values. It is commonly used as a quantitative way to determine the underlying trend and when prices are overextended. A linear regression trendline uses the least squares method to plot a straight line through prices so as to minimize the distances […]
Linear regression is a statistical tool used to help predict future values from past values. It is commonly used as a quantitative way to determine the underlying trend and when prices are overextended. A linear regression trendline uses the least squares method to plot a straight line through prices so as to minimize the distances […]
Linear regression is a statistical tool used to help predict future values from past values. It is commonly used as a quantitative way to determine the underlying trend and when prices are overextended. A linear regression trendline uses the least squares method to plot a straight line through prices so as to minimize the distances […]
The Lowest Low Value indicator simply returns the lowest low price over a user defined n-periods. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis. Formula [LL = Min(Low)_{n-periods}]
The Moving Average Convergence Divergence (MACD) indicator is based on the differences between two moving averages of different lengths, a Fast and a Slow moving average. A second line, called the Signal line is plotted as a moving average of the MACD. A third line, called the MACD Histogram is optionally plotted as a histogram […]
The Market Facilitation Index indicator measures the strength or weakness behind movements in an asset’s price. It helps you decide whether a trend is strong enough to justify trading it and when a new trend may be about to start. Configuration Options Formula To calculate Market Facilitation Index you need to subtract the lowest bar […]
The Mass Index indicator, developed by Donald Dorsey, uses the bar range to identify trend reversals based on range expansions. It is more of a volatility indicator as it does not have a directional bias. It identifies trending and congession areas, which can occur before change in trend. Configuration Options Period: Number of bars to […]
The Median Price (MP) indicatior shows the median price for a range of prices by averaging the high and low values of the analyzed interval. Configuration Options Formula
The Momentum Indicator identifies when the price is moving upwards or downwards, and by how much.. The Momentum indicator compares the most recent closing price to a previous closing price of any time frame. The Momentum indicator is regarded as an excellent gauge of market strength. A shorter period setting will create a more sensitive […]
The Money Flow Index (MFI), developed by Gene Quong and Avrum Soudack, uses both price and volume to measure buying and selling pressure. The MFI value ranges from 0 to 100. A MFI value above 80 indicates a possible overbought situation and a value below 20 indicates a possible oversold condition. Configuration Options Period: Number […]
A moving average creates a series of averages of different subsets. Each new subset remains a constant length by adding the newest value and removing the oldest. A moving average is defined by the user over n-periods of data. This technical indicator along with several others allow the user to select which type of moving […]
The Moving Average Deviation indicator… Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Open High Low Close Adjusted Close HL/2 ( left ( frac{High + Low}{2} right ) ) HLC/3 ( left ( frac{High + Low + Close}{3} right ) ) HLCC/4 ( left […]
The Moving Average Envelope creates an envelope around a moving average to find overbought or oversold conditions, to smooth the price trend and as an indicator of price breakouts. The moving average envelope uses a moving average as the center line with a lower and upper bands added a percetnage above and below the center […]
The Negative Volume Index (NVI), as well as the Positive Value Index (PVI), indicator tracks the changes in the number of transactions, or trading volume, of an instrument. Price changes on decreasing trading volume are considered to be a positive indicator, while price changes during periods of increased trading volume are considered to be a […]
On Balance Volume (OBV) maintains a cumulative running total of the amount of volume occurring on up periods compared to down periods. Configuration Options Formula Where:
The Parabolic Stop and Reverse (SAR) calculates trailing stop points to use with long and short positions. The SAR was published by J. Welles Wilder as part of a complete trend followingsystem. The dotted lines above the price designate trailing stops for short positions; those below the price are sell stops for long positions Configuration […]
The Performance Index indicator is used to compare the price trend of one instrument with the performnance of a benchmark index. Note: The Performance Index is valid only when comparing multiple instruments using either Comparisons or Series. When more that two instruments are used, each correlation indicator is compared to the chart’s first instrument. Configuration […]
The Pivot Points indicator is used to identify intraday support, resistance and targets. The pivot point itself is the average of the high, low and closing prices from the previous trading period. On the subsequent period, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates […]
The Positive Volume Index (PVI), as well as the Negative Volume Index (VMI), indicator tracks the changes in the number of transactions, or trading volume, of an instrument. Price changes on decreasing trading volume are considered to be a positive indicator, while price changes during periods of increased trading volume are considered to be a […]
The Pretty Good Oscillator indicator by Mark Johnson measures the distance of the current close from its N-day simple moving average, expressed in terms of an average true range over a similar period. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: […]
The Price Momentum Oscillator (PMO) indicator compares the current price with the previous price from a selected number of periods ago. This indicator is similar to the “Rate of Change” indicator, but the MOM does not normalize the price, so different instruments can have different indicator values based on their point values. Configuration Options Field: […]
The Price Rate of Change indicator is used to identify overbought or oversold conditions. It compares the current price with the previous price from a selected number of periods ago. The current price is divided by the previous price and expressed as a percentage. The rate increases until it reaches a market specific level. Extreme […]
The Price Volume Trend (PVT) study attempts to quantify the amount of volume flowing into or out of an instrument by identifying the close of the period in relation to the previous period’s close. The volume for the period is then added to a running continuous total. Configuration Options Field: Price or combination of prices […]
The Prime Number Bands indicator shows the nearest prime numbers, both highs and lows and plots the difference between them as bands, on a chart. Configuration Options Channel Fill: Whether to shade the region between the bands. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value […]
The Prime Number Oscillator indicator shows the nearest prime number, be it at the top or the bottom of the series, and outlines the difference between that prime number and the respective series. Configuration Options Tolerance Percentage: TBD Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent […]
The Pring’s Know Sure Thing (KST) indicator is a momentum oscillator based on the smoothed rate-of-change for four different timeframes. Pring frequently applied trend lines to KST. Although trend line signals do not occur often, Pring notes that such breaks reinforce signal line crossovers. Configuration Options Field: Price or combination of prices to use as […]
The Pring’s Special K indicator combines short-term, intermediate and long-term velocity into one complete series, thereby giving us true summed cyclicality. It has two functions: to identify primary trend reversals at a relatively early stage and to use that information for timing short-term pro-trend price moves. Configuration Options Field: Price or combination of prices to […]
The Psychological Line indicator is the ratio of the number of rising periods over the total number of periods. It reflects the buying power in relation to the selling power. If PSY is above 50%, it indicates that buyers are in control. Likewise, if it is below 50%, it indicates the sellers are in control. […]
The QStick indicator quantifies and identifies trends in candlestick charts. The indicator is a moving average calculation of the difference between the Open and Close prices over a specific period. Configuration Options Period: Number of bars to use in the calculations. Moving Average Type: Type of moving average to use in the calculations: Simple: Mean […]
The Rainbow Moving Average indicator shows multiple simple moving averages (SMAs) all at once for a specific time period. Each SMA is calculated based on the previous SMA and is color-coded in the chart. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Formula
The Rainbow Oscillator calculates and displays the highest high and the lowest low of one or more simple moving averages to determine market trends. The oscillator curves are created based the moving average calculations. The high and low oscillator curves are color-coded in the chart, and market trends can be determined based on the width […]
The Random Walk Index indicator determines if price movement is random or the result of a statistically significant trend over a specific time period. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Formula where ATR is the average true range over N periods preceding […]
The RAVI indicator shows the percentage difference between current prices and past prices to identify market trends. It is calculated based on moving averages of different lengths. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Formula
The Relative Vigor Index (RVI) is an oscillator that compares an instrument’s Close price and Open price to measure the strength of price movements and determine a trend in market activity. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to […]
The Relative Volatility indicator measures the standard deviation of price changes within a defined range of lookback periods to determine market direction. The indicator value is normalized as a percentage between 0 and 100. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Formula where:
The Relative Strength Index (RSI) is used to measure underlying strength of a market move. RSI uses the prior bar’s close to current bar’s close change. The current price is normalized as a percentage between 0 and 100. Relatively high RSIs (60-80) normally accompany a rising trend and relatively low RSIs (20-40) normally accompany a […]
The Schaff Trend Cycle (STC) indicator is an oscillator that provides buy and sell signals for trading and identifies market trends. Buy and sell points are typically set at 25 levels upward (buy) and 75 levels downward (sell). Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible […]
The Shinohara Intensity Ratio indicator… Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis.
The Standard Deviation indicator is a statistical calculation used to measure the variability. In trading this value is known as volatility. A low standard deviation indicates that the data points tend to be very close to the mean, whereas high standard deviation indicates that the data points are spread out over a large range of […]
The STARC (Stoller Average Range Channels) Bands indicator calculates upper and lower bands around a simple moving average to predict price movement. A price move toward the upper band may mean a pull back towards the moving average, and a move to the lower band may mean a move up towards the moving average. Configuration […]
The Stochastic Momentum Index (Stoch) normalizes price as a percentage between 0 and 100. Normally two lines are plotted, the %K line and a moving average of the %K which is called %D. A slow stochastic can be created by initially smoothing the %K line with a moving average before it is displayed. The length […]
The Stochastic Oscillator (Stoch) normalizes price as a percentage between 0 and 100. Normally two lines are plotted, the %K line and a moving average of the %K which is called %D. A slow stochastic can be created by initially smoothing the %K line with a moving average before it is displayed. The length of […]
The Supertrend indicator is used for timing when to buy and sell based on changes in the trend indicator. Typically, a buy signal is when the indicator value closes below the closing price for an instrument, and a sell signal is when the indicator closes above the closing price. Configuration Options Formula
The Swing Index (SI) indicator is an oscillator that is used as part of the Accumulative Swing Index for determining price trends for an instrument. Typically, an indication to buy is when the SI curve crosses above the zero line, and an indication to sell is when the SI curve crosses below the zero line. […]
The Time Series Forecast (TSF) is a linear regression calculation that plots each bar’s current regression value using the least square fit method. This indicator is sometimes referred to as a moving linear regression similar to a moving average. For example, the TSF value that covers 10 days will have the same value as a […]
The Trade Volume Index (TVI) leverages intraday market data to show whether a security is being accumulated (purchased) or distributed (sold). The Trade Volume Index assumes that higher prices represent buy orders while lower prices are sell orders. Configuration Options Formula where:
The Trend Intensity Index (TTI) indicator can help determine the strength of the current market trend. The TII range is between 0 and 100, where typically a value above 50 is a bullish trend, and a value below 50 is a bearish trend. s Configuration Options Field: Price or combination of prices to use as […]
The Triple Exponential Moving Average Oscillator (TRIX) by Jack Hutson is a momentum indicator that oscillates around zero. It displays the percentage rate of change between two triple smoothed exponential moving averages. Configuration Options Formula Where:
J. Welles Wilder’s True Range indicator was introduced in his book, Technical Trading Systems. It measures the daily range plus any gap from the closing price of the preceding day. Configuration Options Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis. Formula […]
The TT Cumulative Volume Delta (TT CVD Study) displays a running total of net transactions as calculated by Volume Delta. Transactions occurring on the Ask are considered Buying Pressure and are added to the total, and those occurring on the Bid are considered Selling Pressure and are subtracted from the cumulative total. Configuration Options Color […]
Colin Twiggs’ Money Flow indicator is similar to the Chaikin Money Flow (CMF). Where Chaikin Money Flow uses CLV (Close Location Value) to to evaluate volume (money flow) as bullish or as bearish, Twigs Money Flow, uses the TR (True Range). Twiggs Money Flow also relies on moving averages in its calculation while Chaikin uses […]
The Typical Price indicator takes the simpgle average between the close, high, and low prices. Selecting the Typical Price indicator allows you to set the Period (as number of minutes), whether the indicator displays as an Overlay on the chart, and the color of the result. Configuration Options Formula The Typical Price indicator adds the […]
The Ulcer Index (UI) indicator can be used to determine downside risk by displaying the depth and duration of price declines from their earlier highs. A high UI value is generally an indication that the instrument’s price has moved further away from its previous high and may take longer to return to this value. Configuration […]
The Ultimate Oscillator (ULTOSC) by Larry Williams is a momentum oscillator that incorporates three different time periods (i.e., Cycles) to improve the overbought and oversold signals. When selecting the Ultimate Oscillator, you may configure the three different time periods by adding values in the Cycles settings. Configuration Options Formula where:
The Valuation Lines indicator displays a line representing the average of the visible prices in the chart. It also allows you to display lines for 1-3 standard deviations away from the average type. Configuration Options Field: Price or combination of prices to use as the base for average calculations. Possible values include: Open High Low […]
Created by Adam White, the Vertical Horizontal Filter helps the user determine whether a particular price is trending. The higher the Vertical Horizontal Filter value, the more a particular contract is trending. In addition, the direction of the Vertical Horizontal Filter shows what phase the Vertical Horizontal Filter is entering: Selecting the Vertical Horizontal Filter […]
The Volume indicator simply displays the total volume as a bar chart aligned with each of the chart’s periods. The red indicates when the close price is lower than the open price and the green represents when the close is higher than the open price for that interval. Configuration Options Color Selectors: Colors to use […]
The Volume at Price indicator displays the total volume for each price level as a bar chart on the right side of the chart. The Volume at Price indicator allows you to add the Volume at Price Side by Side indicator which shows both the buy and sell volume on the same bar. Configuration Options […]
The Volume Delta indicator displays the total amount of transactions occurring on both the Bid and the Ask in a given interval (similar to CBAVol), but also superimposes the absolute value of the net difference between the BVol and AVol for that interval. Whichever is greater (BVol or AVol) is displayed in that color on […]
The Ask Volume (AVol) study displays the total amount of transactions occurring on the Ask in a given interval. Configuration Options Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis. Formula Ask Volume = Number of contracts traded at the Ask.
The Bid Volume (BVol) study displays the total amount of transactions occurring on the Bid in a given interval. Configuration Options Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis. Formula Bid Volume = Number of contracts traded at the Bid.
The Volume Oscillator displays the difference between two moving averages of a security’s volume. Configuration Options Formula
The Volume Rate of Change indicator measures the rate of change in the volume over a period of time. Configuration Options Period: Number of bars to use in the calculations. Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent value on the Y axis. Formula [ VROC […]
The Volume Underlay indicator simply displays the total volume as a bar chart beneath each of the chart’s periods. Unlike other indicators that display in a sub-window, the Volume Underlay indicator displays within the actual chart. Configuration Options Color Selectors: Colors to use for graph elements. Display Axis Label: Whether to display the most recent […]
The Vortex Indicator consists of two oscillators (VI+ and VI-) used for identifying the start and direction of a market trend. When the VI+ and VI- cross, it generally indicates a market trend. The trend is up when VI+ stays above VI-, and the market trend is down when VI- crosses below VI+. Configuration Options […]
The Volume Weighted Average Price indicator (VWAP) shows the intraday average traded price of an instrument based on both volume and price. In addition, you can use the indicator to calculate up to three standard deviations from the VWAP and display them in the Chart. Note: You cannot apply the VWAP technical indicator to Price […]
The Weighted Close indicator takes the average between the close, high, and low prices. However, in the calculation, the Close price is doubled in the numerator which gives the value more weight. Selecting the Weighted Close indicator allows you to set the Period (as number of minutes) and the color of the result. Configuration Options […]
The %R indicator was developed by Larry Williams and introduced in his 1979 book How I Made $1,000,000 Trading Commodities Last Year. Williams %R is similar to a stochastic oscillator, as it normalizes the price as a percentage between 0 and 100. It is basically an inverted version of the ‘Raw %K’ value of a […]
The ZigZag indicator can be used to determine a reversing market trend. The indicator determines support and resistance levels on the chart based on a percentage of reversing price movements. The percentage of price movement is user-defined and the value can be used to filter out smaller price fluctuations. Configuration Options Distance (%): Minimum price […]