You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use. Get started. Indicator: Derivative Oscillator. The use of the derivative oscillator is straightforward. If the oscillator is positive, this is considered a bullish sign.

If it is negative, this is a bearish sign. Crossovers of zero denote a potential trade signal. If the value of the derivative oscillator is running from negative to positive up-sloping , this is taken as a bullish signal. If the value is running from positive to negative down-sloping , this is taken as a bearish signal.

The strength of certain trends can also be determined by looking at the magnitude of the various bars. The greater the positive magnitude of a bar, the greater the strength of the uptrend. The greater the negative magnitude of a bar, the greater the strength of the downtrend. Each of the vertical white lines denotes a crossover of the derivative oscillator. This yielded a profit of about 80 points, or 3. At the second vertical line, this flipped to a bearish signal.

This denotes going short while also taking off the long position from the previous signal. This lost 20 points, or bps. At the fifth line, we close the short and open a long.

This is currently still open and up roughly 20 points, or 73 bps. This of course would exclude any transaction costs or matters related to the bid-offer spread. Derivative Oscillator looks like MACD Histogram on the stock charts - it is also used in technical analysis in the same way as MACD Histogram does.

Basically, if you prefer analyzing the Smoothed RSI and you want to generate signals on the crossovers of the Smoothed RSI and its signals line then Derivative Oscillator is the way to go.

On the chart below you may see an example of generating trading signals on an indicator and its signal line. In case of the Derivative Oscillator the green line on the chart below would represent double smoothed RSI and red line would represent an SMA applied to double smoothed RSI.

Note that the chart example below does not have Derivative Oscillator - we show it only to explain mechanics behind the Derivative Oscillator analysis.

Chart 1: Example of trading system based on crossovers of an indicator and its signal line: As was mentioned above, the Derivative Oscillator looks like MACD Histogram and it is analyzed as MACD Histogram:.

Respectfully a simple trading system based on the Derivative Oscillator technical analysis would generate trading signals on the crossovers of Derivative Oscillator and 0 zero center-line around which it oscillates:. On the QQQ stock chart below you may see an example of Derivative Oscillator and trading signals based on this indicator technical analysis.

Chart 2: QQQ stock chart and Derivative Oscillator with signals examples. By our scan results the Derivative Oscillator is located somewhere in the middle of other popular in technical analysis indicators click HERE to see the rating table.

for MarketVolume. Derivative Oscillator Derivative Oscillator is the difference between double smoothed RSI Relative Strength Index and Signal Line.

The Derivative Oscillator track the changes in the RSI trend. MV Navigation. Home Membership FAQs Support. Try it NOW Technical Analysis MV Volume Indicators. MV AD Indicators. AD Momentum VMA AD Sentiment High-Low Breadth High-Low Range Chart High-Low Range Craph.

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The technical indicator is a more advanced version of the relative strength index RSI that applies moving average convergence-divergence MACD principles to a double-smoothed RSI DS RSI indicator. The indicator is derived by computing the difference between a double-smoothed RSI and a simple moving average SMA of the DS RSI.

The indicator's intent is to provide more accurate buy and sell signals than the standard RSI calculation. You agree to website policy and terms of use. Market Sections Forum Market Signals Freelance Quotes WebTerminal Calendar VPS Articles CodeBase Documentation About Log in Create an account. English Русский 中文 Español Português 日本語 Deutsch 한국어 Français Italiano Türkçe.

value :"" ; if document. Published: 13 November More from author. How to buy а trading robot or an indicator. Run your EA on virtual hosting. Want to earn in the Market? How to present a product for a sell-through. Overview Reviews Comments Derivative Oscillator. The MACD is derived by subtracting the period exponential moving average EMA from the period EMA.

It is in this way that the derivative oscillator uses MACD principles, since the derivative oscillator is also derived from subtracting the SMA from the double smoothed RSI. Recommended products. MACD Divergences Demo use on EURAUD The full version of the indicator is available here Using divergences is very common in trading strategies. But finding opportunities for trading with the eyes is very difficult and sometimes we lose those opportunities. The indicator finds all the regular and hidden divergences.

This indicator is very functional and can greatly improve the outcome of your trading. This is a multi-time-frame indi. The indicator detects and displays Shark harmonic pattern see the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator included in the resources, no need to install. After detecting the pattern, the indicator notifies of that by a pop-up window, a mobile notification and an email.

The indicator highlights the process of the pattern formation and not just the complete pattern. In the former case, it is displayed in the contour triangles. After the pattern is comple. MACD divergence indicator finds divergences between price chart and MACD indicator and informs you with alerts popup, mobile notification or email.

Its main use is to find trend reversals in the chart. Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals. Divergence Convergence MACD is based on the classical divergence and convergence methods of charting.

Divergence is when we get higher highs and lower lows on our uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm th. The indicator displays signals according to the strategy of Bill Williams on the chart.

Demo version of the indicator has the same features as the paid, except that it can work only on a demo account. Signal "First Wise Man" is formed when there is a divergent bar with angulation. Bullish divergent bar - with lower minimum and closing price in the upper half. Bearish divergent bar - higher maximum and the closing price at the bottom half. Angulation is formed when all three lines of Alligat. Oliver Gideon Amofa Appiah. It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes.

Yes, as easy and simple as that. Even a newbie can use it to make great and reliable trades. NB: For best results, get my other premium indicators for mo. MACD Warden is an innovative indicator for MetaTrader 4 running a versatile algorithm aimed at identifying RSI , MACD and Stochastic divergences.

This indicator looks back for a set number of bars and draws lines when a normal or hidden divergence is identified.

The smaller the lookback period the faster is the indicator. A divergence line is plotted on the chart when an RSI divergence between A and B points is also confirmed by MACD and Stochastic divergences between the same points on the. John Louis Fernando Diamante. A flexible 2-Line MACD indicator The default MACD indicator inside MT4, limits you to using the MACD with a fast-EMA, slow-EMA, and signal-SMA.

This MACD indicator allows you to set your own MA-Method choices for these 3 components, separately! You can select from SMA-EMA-SMMA-LWMA, and can even use a separate method for each 3 fast-slow-signal periods. You can download the Full version with more features here. Introduction Harmonic Patterns are best used to predict turning point. Harmonic Patterns give you high win rate and high opportunities for trade in during one day. This indicator detects the best and successful patterns base on Harmonic Trading books by Mr.

Scott M.. This indicator displays buy or sell signals according to Bill Williams' definition of the Trading Zone. A blue arrow is a buy signal A red arrow is a sell signal According to Bill Williams trading in the zone helps to. Ichimoku Signals Scanner This is the Demo version, please download Full version here. Find Ichimoku signals as easy as you can.

Ichimoku is one of the most powerful trends recognition indicators. And it has valid signals for the trades. This indicator scans several symbols and time-frames by the Ichimoku to find all the signals that you want and show in a dashboard.

It's easy to use, just drag it onto the chart. It's better to add Ichimoku indicator to chart before adding this indicator. What Is Moving Average Convergence Divergence MACD? The MACD is calculated by subtracting the period exponential moving average EMA from the period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a tri. The indicator detects and displays М.

Gartley's Butterfly pattern. After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. It uses the standard MACD indicator and a proprietary formula for processing data obtained from MACD.

TREND MATE is an useful indicator that will support your decision to trade according to the current trend. If downtrend result is "1", otherwise is "0". If uptrend result is "1", otherwise is "0". A top-quality implementation of the famous Super Trend indicator, which needs no introduction.

It is completely loyal to the original algorithm, and implements many other useful features such as a multi-timeframe dashboard. This indicator prepared by using , days moving average and Calculates the Envelopes. This system can be used for 15M time frame. This system is for Long term and profitable.

Signals are shown as arrows. Free automatic Fibonacci is an indicator that automatically plots a Fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The Fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe.

A trend indicator based on the CCI indicator. ZI Trend PaintBar Indicator is an improved variant of the CCI indicator, which shows the moment of trend following quite accurately.

Combination of CCI indicator makes a better use of these advantages: Colored candlesticks showing the trend direction based on CCI indicator. This indicator is the undisputed leader among the indicators. And for this statement there is a good reason. The indicator builds a very high quality channel in which it generates signals to enter!

What is the ideal strategy for the trader, since the trader always hesitates when choosing a strategy for the job.

Don't buy a worthle. This trend detection indicator will compliment any strategy and can also be used as an independent tool. The indicator detects and displays Shark harmonic pattern see the screenshot. English Русский 中文 Español Português 日本語 Deutsch 한국어 Français Italiano Türkçe. If you do not have an account, please register.

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