Indicators¶
Every indicator you can add on the Indicators page and use in a strategy's conditions. Each page says what it shows, its settings and defaults, its ready-made conditions and the warnings you may see.
Indicators are only signals about the past; past results don't predict future ones.
Price lines and moving averages¶
| Indicator | Shows |
|---|---|
| HL2 (High-Low Average) | The middle of each candle: halfway between its high and its low, drawn as a line on the price chart. |
| HLC3 (Typical Price) | The "typical price" of each candle: the average of its high, low and close, drawn as a line on the price chart. |
| OHLC4 (OHLC Average) | The average of each candle's open, high, low and close, drawn as a line on the price chart. |
| SMA (Simple Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| EMA (Exponential Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| WMA (Weighted Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| DEMA (Double Exponential Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| TEMA (Triple Exponential Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| HMA (Hull Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| RMA (Wilder's Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
| KAMA (Kaufman Adaptive Moving Average) | A moving average that changes speed by itself. |
| VWMA (Volume Weighted Moving Average) | The average closing price over the last few candles, drawn as a line on the price chart. |
Momentum oscillators¶
| Indicator | Shows |
|---|---|
| RSI (Relative Strength Index) | How strongly the price has been rising or falling lately, from 0 to 100. |
| Stoch (Stochastic Oscillator) | Where the close sits within the high-low range of the last few candles, from 0 (at the lowest low) to 100 (at the highest high). |
| StochRSI (Stochastic RSI) | The Stochastic idea applied to RSI instead of price: where RSI sits within its own recent range, 0 to 100. |
| CRSI (Connors RSI) | A fast oscillator from 0 to 100 that blends three things: a very short RSI of the close, an RSI of how many candles in a row price has gone up or down (the "streak"), and how today's change ranks against the last 100 candles. |
| CCI (Commodity Channel Index) | How far the typical price (average of high, low and close) is from its recent average, scaled so that most values fall between -100 and +100. |
| WILLR (Williams %R) | Where the close sits within the high-low range of the last few candles, on a scale from -100 (at the lowest low) to 0 (at the highest high). |
| CMO (Chande Momentum Oscillator) | The balance of recent up-moves and down-moves, from -100 (all down) to +100 (all up). |
| UO (Ultimate Oscillator) | Buying pressure measured over three windows at once (short, medium and long) and blended into one number from 0 to 100. |
| MFI (Money Flow Index) | An RSI that also uses volume: the balance of money flowing in and out, from 0 to 100. |
| ROC (Rate of Change) | How much the close has changed, in percent, compared with a set number of candles ago. |
| MOM (Momentum) | How much the close has changed, in price units, compared with a set number of candles ago. |
| AO (Awesome Oscillator) | The gap between a short and a long average of each candle's middle price. |
| APO (Absolute Price Oscillator) | The gap, in price units, between a fast and a slow moving average of the close. |
| MACD (Moving Average Convergence Divergence) | The gap between a fast and a slow moving average of the close (the MACD line), plus a smoothed copy of it (the signal line). |
| TSI (True Strength Index) | A doubly smoothed measure of price momentum, plus a signal line. |
| BOP (Balance of Power) | Whether buyers or sellers controlled the recent candles: how far each candle closed from its open, compared with its whole range, averaged over a few candles. |
| DPO (Detrended Price Oscillator) | Price with the longer trend taken out, so short up-and-down cycles are easier to see. |
Trend and direction¶
| Indicator | Shows |
|---|---|
| ADX (Average Directional Index) | How strong the trend is, from 0 to 100, without saying which way. |
| Aroon (Aroon Indicator) | How recently price made its highest high (Aroon Up) and its lowest low (Aroon Down) in a window, each from 0 to 100. |
| Vortex Indicator | Two lines: +VI measures upward movement, −VI downward movement over a window. |
| CHOP (Choppiness Index) | Whether the market is trending or moving sideways, from 0 to 100. |
| PSAR (Parabolic SAR) | A trail of dots below price in an uptrend and above price in a downtrend. |
| Supertrend | A line below price in an uptrend and above it in a downtrend, set a distance away based on recent volatility (how much price usually moves). |
| CE (Chandelier Exit) | Two stop lines: the long stop hangs a few ATRs (a measure of how much price usually moves) below the highest high, and the short stop sits a few ATRs above the lowest low. |
| ICHI (Ichimoku Cloud) | A set of lines that show trend, momentum and support at a glance. |
| HA (Heikin-Ashi candles) | Smoothed candles. |
Volatility, bands and channels¶
| Indicator | Shows |
|---|---|
| ATR (Average True Range) | How much price usually moves per candle (volatility), in price units. |
| NATR (Normalized Average True Range) | ATR as a percent of the close: how much price usually moves per candle, in percent. |
| TR (True Range) | The full size of each candle's move, including any gap from the previous close, in price units. |
| BB (Bollinger Bands) | A middle line (a simple moving average) with a band above and below it. |
| %B (Bollinger Bands %B) | Where the close sits inside the Bollinger Bands: 0 at the lower band, 1 at the upper band, 0.5 in the middle. |
| BBW (Bollinger BandWidth) | How wide the Bollinger Bands are, as a percent of the middle line. |
| KC (Keltner Channels) | A middle line (an EMA) with bands above and below, set a distance away based on ATR (how much price usually moves). |
| Donchian Channels | The highest high and the lowest low of the last few candles, with a middle line halfway between. |
| SQZ (TTM Squeeze) | Whether the market is very quiet ("squeeze on": the Bollinger Bands are inside a Keltner channel) and a momentum line that shows which way price is pushing. |
Levels¶
| Indicator | Shows |
|---|---|
| PIV (Pivot Points) | Fixed price levels for today (or this week), worked out from the previous day's (or week's) high, low and close. |
| PCTD (Price % Distance from MA) | How far the close is from a moving average, in percent. |
| VWAP (Volume Weighted Average Price) | The average price paid today, weighted by volume, restarting at 00:00 UTC. |
| VWAPB (VWAP Bands) | VWAP (the volume-weighted average price of the UTC day) with a band above and below it, spaced by how spread out today's prices have been. |
Volume¶
| Indicator | Shows |
|---|---|
| Volume | How much was traded in each candle, and its average over a set number of candles. |
| OBV (On-Balance Volume) | A running total of volume: volume is added on candles that close higher and subtracted on candles that close lower. |
| AD (Accumulation/Distribution) | A running total of volume weighted by where each candle closed in its range: near the high adds, near the low subtracts. |
| ADOSC (Accumulation/Distribution Oscillator) | The momentum of the Accumulation/Distribution line: the gap between a fast and a slow average of it. |
| CMF (Chaikin Money Flow) | Whether volume has been mostly buying or selling over a window, from -1 to +1, based on where each candle closed in its range. |
| EFI (Elder's Force Index) | The force behind price moves: price change times volume, smoothed. |
| EOM (Ease of Movement) | How easily price moves for the volume traded. |
| NVI (Negative Volume Index) | A running line that changes only on candles where volume fell. |
| PVI (Positive Volume Index) | A running line that changes only on candles where volume rose. |
| PVT (Price Volume Trend) | A running total of volume multiplied by each candle's percent price change. |