Index

TheLark: Directional Movement Index Oscillator A modified DMI, This turns the standard DMI into an Oscillator. The DMI cross signal is the same, but as an OSC you get the added benefits or finding divergences, etc. The added WIlder's Average Line (blue) can help you see if a short term trend is getting less interesting.

Indicator

The Lark: Directional Movement Index An open source version of the DMI. Mostly published for other scripters to modify. Typical useage: www.investopedia.com

Indicator

Currency Index Indicator The currency index represents the change in one currency by reference to all other foreign currencies. The index is calculated by taking the average of the variations in one currency by reference to the others. Represented in graphical form, it allows for easy visualization of the individual trends in each currency. The index of the currencies is a simple arithmetic average of the variation in each pair. For each index, to have fixed the value 100 on 1 January 2000.

Indicator

Accumulation Swing Index The Accumulation Swing Index is a cumulative total of the Swing Index. The Accumulation Swing Index was developed by Welles Wilder. The SwingIndex function was developed to help cut through the maze of Open, High, Low and Close prices to indicate the real strength and direction of the market. The Swing Index function looks at the Open, High, Low and Close values for a two-bar period. The theory is that there are four cross-bar and one intra-bar comparisons that are strong indicators of an up or down day. The Swing Index returns a number between -100 and 100. If the factors point toward an up day, then the function value will be positive and vice versa. In this way, the Swing Index gives us definite short-term swing points, and it can be used to supplement other methods as a breakout indicator. A breakout is indicated when the value of the Accumulation Swing Index (ASI) exceeds the ASI value on the day when a previous significant High Swing Point was made. A downside breakout is indicated when the value of the ASI drops below the ASI value on a day when a previous significant low swing point was made. Since only futures have a relative daily limit value, this function only makes sense when applied to a futures contract. If you use this function and it only plots a zero flat line, check the Daily Limit value.

Indicator

Indicator: Krivo Index [Forex]Krivo index, suggested by Richard Krivo, tries to quantify the "strength" of a currency by checking how many of its pairs are trading strongly (close above 200sma). As you can see from the chart, KI gives an excellent overview of their strength. Note how it correctly points out the JPY crash (Nov 2012). I decided to implement KI for each currency separately to be compliant with Pine requirements. Also, this enables to add only the needed currency KI scripts (for ex., just CAD_KI and USD_KI). You can add the needed currency KI scripts and merge them all together to form a chart like this. Make sure you "right click" on all and select "Scale Right" (or "Scale Left". Thing to note is all KIs shd be aligned to the same scale). I have published KI for only 5 currencies now, but can add more on request. BTW, this index is usable on all time frames. More info on KrivoIndex: ----------------------------- www.dailyfx.com JPY crashing: ----------------------------- webcache.googleusercontent.com Euro Slump: ----------------------------- www.bloomberg.com Please see the comment below for the complete list of currency pairs I used for deriving these indexes.

Indicator

Positive Volume Index (PVI) The theory behind the indexes is as follows: On days of increasing volume, you can expect prices to increase, and on days of decreasing volume, you can expect prices to decrease. This goes with the idea of the market being in-gear and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running cumulative of values, which means you either keep adding or subtracting price rate of change each day to the previous day`s sum. In the case of PVI, if today`s volume is less than yesterday`s, don`t add anything; if today`s volume is greater, then add today`s price rate of change. For NVI, add today`s price rate of change only if today`s volume is less than yesterday`s.

Indicator

Smart Money Index (SMI)Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns. The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening. Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance. Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated for many markets and market indices (S&P 500, DJIA, etc.) The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend soon. The SMI is, therefore, a trend-based indicator. Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.

Indicator

Market Facilitation Index (MFI) The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market Facilitation Index decreased, then the market is becoming less efficient, which may indicate a trading range is developing that may be a trend reversal.

Indicator

Trend Analysis Index In essence, it is simply the standard deviation of the last x bars of a y-bar moving average. Thus, the TAI is a simple trend indicator when prices trend with authority, the slope of the moving average increases, and when prices meander in a trendless range, the slope of the moving average decreases.

Indicator

Relative Volatility Index The RVI is a modified form of the relative strength index (RSI). The original RSI calculation separates one-day net changes into positive closes and negative closes, then smoothes the data and normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same basic formula but substitutes the 10-day standard deviation of the closing prices for either the up close or the down close. The goal is to create an indicator that measures the general direction of volatility. The volatility is being measured by the 10-days standard deviation of the closing prices.

Indicator

Accumulation Swing Index (ASI) The Accumulation Swing Index is a cumulative total of the Swing Index. The Accumulation Swing Index was developed by Welles Wilder. The SwingIndex function was developed to help cut through the maze of Open, High, Low and Close prices to indicate the real strength and direction of the market. The Swing Index function looks at the Open, High, Low and Close values for a two-bar period. The theory is that there are four cross-bar and one intra-bar comparisons that are strong indicators of an up or down day. The Swing Index returns a number between -100 and 100. If the factors point toward an up day, then the function value will be positive and vice versa. In this way, the Swing Index gives us definite short-term swing points, and it can be used to supplement other methods as a breakout indicator. A breakout is indicated when the value of the Accumulation Swing Index (ASI) exceeds the ASI value on the day when a previous significant High Swing Point was made. A downside breakout is indicated when the value of the ASI drops below the ASI value on a day when a previous significant low swing point was made. Since only futures have a relative daily limit value, this function only makes sense when applied to a futures contract. If you use this function and it only plots a zero flat line, check the Daily Limit value.

Indicator

MASS Index The Mass Index was designed to identify trend reversals by measuring the narrowing and widening of the range between the high and low prices. As this range widens, the Mass Index increases; as the range narrows the Mass Index decreases. The Mass Index was developed by Donald Dorsey.

Indicator

Indicators: Traders Dynamic Index, HLCTrends and Trix Ribbon 1) Trix Ribbon =============================================================== This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy. Also, optionally this can plot a BollingerBand on Trix_1. More info on Trix: stockcharts.com 2) High/Low/Close Trend Indicator =============================================================== Simple indicator using EMAs of H/L/C. If blue line is above the red line, the trend is up, else down. Keep an eye on the zero line too. 3) Traders Dynamic Index =============================================================== This hybrid indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility. TDI has the following components: * Green line = RSI Price line * Red line = Trade Signal line * Blue lines = Volatility Bands * Orange line = Market Base Line Trend Direction - Immediate and Overall: ---------------------------------------------------- * Immediate = Green over Red...price action is moving up. Red over Green...price action is moving down. * Overall = Orange line trends up and down generally between the lines 32 & 68. Watch for Orange line to bounces off these lines for market reversal. Trade long when price is above the Orange line, and trade short when price is below. Market Strength & Volatility - Immediate and Overall: ---------------------------------------------------- * Immediate = Green Line - Strong = Steep slope up or down. Weak = Moderate to Flat slope. * Overall = Blue Lines - When expanding, market is strong and trending. When constricting, market is weak and in a range. When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market. Entry conditions: ---------------------------------------------------- * Scalping - Long = Green over Red, Short = Red over Green * Active - Long = Green over Red & Orange lines Short = Red over Green & Orange lines * Moderate - Long = Green over Red, Orange, & 50 lines Short= Red over Green, Green below Orange & 50 line Exit conditions: ---------------------------------------------------- If Green crosses either Blue lines, consider exiting when the Green line crosses back over the Blue line. * Long = Green crosses below Red * Short = Green crosses above Red More info on a complete system using TDI: www.forexmt4.com

Indicator

Indicators: Constance Brown Composite Index & RSI+Avgs I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition). I have included here 2 of the indicators she uses in all her charts. Composite Index ---------------------------------------- This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with in the RSI. This also highlights the horizontal support levels with in the indicator area. This index removes the normalization range restrictions in RSI. This means it is not bound with in 0-100 range. Also, this has embedded momentum calculation in it. The fine nuances of this indicator are not documented well enough, if you find some good documentation, do let me know. Always use this with RSI (like the next one). RSI+Avgs ---------------------------------------- This is plain 14 period RSI with a 9-period EMA and 45-period SMA overlaid.

Indicator

Dynamic Momentum Index (DMI) This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator is covered in detail in their book The New Technical Trader. The DMI is identical to Welles Wilder`s Relative Strength Index except the number of periods is variable rather than fixed. The variability of the time periods used in the DMI is controlled by the recent volatility of prices. The more volatile the prices, the more sensitive the DMI is to price changes. In other words, the DMI will use more time periods during quiet markets, and less during active markets. The maximum time periods the DMI can reach is 30 and the minimum is 3. This calculation method is similar to the Variable Moving Average, also developed by Tushar Chande. The advantage of using a variable length time period when calculating the RSI is that it overcomes the negative effects of smoothing, which often obscure short-term moves. The volatility index used in controlling the time periods in the DMI is based on a calculation using a five period standard deviation and a ten period average of the standard deviation.

Indicator

In-depth global business and economic analysis Comprehensive trading education and market insights