Inizia

Averages

Librehash Reversion Ribbon V2Out of all the indicators created by this brand, this is probably the grandest of them all. Known as the ‘ZN Reversion Ribbon V2’, for short, this indicator is designed to: 1. Create multiple buy and sell signals 2. Help users gauge the momentum of the price movement. 3. Re-color candles to give users a better understanding of price direction as well as plotting entries and exits. 4. Serve as an enhanced version of the MACD indicator. 5. Effectively gauge buy and sell pressure at any given point in time by using former price data. There are a lot of moving parts to this indicator, so this guide will be dedicated to dissecting these moving parts, piece by piece. #1 — Histogram Perhaps the simplest part of the indicator to dissect at the start is the Histogram. This is also the part of the indicator that can be the most important complement to any other readings that are being made. You read the histogram in the same manner that you would read the Histogram for the MACD. The bars in the background are the histogram. Reading this portion of the indicator is fairly simple though. 1. As the green bars get darker, the buy pressure is increasing. 2. As the red bars get darker, the sell pressure is increasing. 3. If the current bar is larger than the last, the trend is sustained. This is the same principle that you would observe in the MACD. The core difference, however, is that this indicator is plugged in with a specific formula (beyond just the basic moving averages), that make them more responsive to price movement in a way that allows for the anticipation of signals being formed. #2 — Ribbon The ribbon on this indicator has about 3 different buy/sell signals embedded within it that will allow traders to anticipate an impending change in trend well before it EVER occurs. This may be the most valuable part of the indicator itself. Let’s start with the first facet of the ribbon. A) — The ‘widening’ of the ribbon When the ribbon ‘expands’, that means that the trend is ‘strengthening’ or growing. When the ribbon narrows or ‘contracts’, that means that the trend is becoming weaker and that this may serve as a warning of impending trend reversal. In the picture above, you can see the color change of the ribbon itself as well. You’ll notice that the ribbon transitions from a darker red to a lighter red. That’s a sign of waning sell pressure. You can apply this concept to the green portion of the ribbon too. B)— The Line Sometimes Signals Before the Cross This one is a bit harder to explain, but the way that the indicator is programmed is not to turn ‘green’ or ‘red’ based on the crosses, but rather on a mathematical formula. Now, because of the way the indicator is programmed, the cross often coincides with the color change — but not always. Below is an example: Of course, beyond this, there are the usual buy and sell signals that come with the MACD as well. For instance, there is — C) The Change in Direction of the is a ‘Buy’ or ‘Sell’ Signal As Well -------------- Changes in the Candle Colors Perhaps the most elaborate part of this indicator is the fact that it changes the colors of the candles on the chart in live time without repainting. In order to understand the candles, here’s a quick guide: a) dark green with green outline = extreme buy pressure b) lighter green with green outline = normal buy pressure c) dark red = heavy sell pressure d) light red = light sell pressure e) dark green with red outline = impending reversal downward f) purple with any outline = ambiguous / neutral g) light green with red outline = very, very weak sell pressure h) dark green with red outline = exhausted buy pressure f) dark red with green outline = exhausted sell pressure Effectiveness of Indicator This indicator has the ability to be a ‘game changer’ in terms of its ability to dissect price action. This next picture is another awesome example of how this indicator works. Check it out: Here are the multiple reasons why we could’ve anticipated the reversal in price direction before red candles started showing up: 1. The actual reversion lines themselves began to converge. 2. The Histogram is declining. 3. The bar colors move from dark green to light green. Now, you may be looking at the above picture and thinking, ‘Well it seems that it didn’t catch the major upswing in the price later though’. This is true, however — The gain from this move was preposterous. Even still, the indicator ensures that we still garner some pretty significant profits. Conclusion What you see here sums up this indicator for the most part. However, there are continued updates that will be put out for the indicator in the near future as well. As always, these can be pushed directly through TradingView (which will happen soon).
Indicatore Pine Script®
di librehash
34
T3 Averages Backtest This indicator plots the moving average described in the January, 1998 issue of S&C, p.57, "Smoothing Techniques for More Accurate Signals", by Tim Tillson. This indicator plots T3 moving average presented in Figure 4 in the article. T3 indicator is a moving average which is calculated according to formula: T3(n) = GD(GD(GD(n))), where GD - generalized DEMA (Double EMA) and calculating according to this: GD(n,v) = EMA(n) * (1+v)-EMA(EMA(n)) * v, where "v" is volume factor, which determines how hot the moving average’s response to linear trends will be. The author advises to use v=0.7. When v = 0, GD = EMA, and when v = 1, GD = DEMA. In between, GD is a less aggressive version of DEMA. By using a value for v less than1, trader cure the multiple DEMA overshoot problem but at the cost of accepting some additional phase delay. In filter theory terminology, T3 is a six-pole nonlinear Kalman filter. Kalman filters are ones that use the error — in this case, (time series - EMA(n)) — to correct themselves. In the realm of technical analysis, these are called adaptive moving averages; they track the time series more aggres-sively when it is making large moves. Tim Tillson is a software project manager at Hewlett-Packard, with degrees in mathematics and computer science. He has privately traded options and equities for 15 years. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Strategia Pine Script®
di HPotter
1
T3 Averages Strategy This indicator plots the moving average described in the January, 1998 issue of S&C, p.57, "Smoothing Techniques for More Accurate Signals", by Tim Tillson. This indicator plots T3 moving average presented in Figure 4 in the article. T3 indicator is a moving average which is calculated according to formula: T3(n) = GD(GD(GD(n))), where GD - generalized DEMA (Double EMA) and calculating according to this: GD(n,v) = EMA(n) * (1+v)-EMA(EMA(n)) * v, where "v" is volume factor, which determines how hot the moving average’s response to linear trends will be. The author advises to use v=0.7. When v = 0, GD = EMA, and when v = 1, GD = DEMA. In between, GD is a less aggressive version of DEMA. By using a value for v less than1, trader cure the multiple DEMA overshoot problem but at the cost of accepting some additional phase delay. In filter theory terminology, T3 is a six-pole nonlinear Kalman filter. Kalman filters are ones that use the error — in this case, (time series - EMA(n)) — to correct themselves. In the realm of technical analysis, these are called adaptive moving averages; they track the time series more aggres-sively when it is making large moves. Tim Tillson is a software project manager at Hewlett-Packard, with degrees in mathematics and computer science. He has privately traded options and equities for 15 years. WARNING: - This script to change bars colors.
Indicatore Pine Script®
di HPotter
Magic Moving Averages!Magic Moving Averages! is an indicator that comes standard in many forex trading platforms, and now on Tradingview designed for comfortable readability! It incorporates a series of simple moving averages plotted together with increasing periods. Finding a good trade with this is easily found with a set of rules. I took a course with Alex du Plooy on these rules and am using his suggested default values, however there are many more teachers of this method that have various rules that may be similar. If you desire a greater MA spread simply increase the MA Separation value in the input. Best for 15 mins or longer charts. Happy trading
Indicatore Pine Script®
di mcbw_
1
B3 Edge TrailB3 Edge Trail is similar to a SuperTrend or ATR stopline system. It is based on the average of the highs and lows, and when back-broken, the binary bias flips. Simple as pie to use, just set your input to whatever suits your chart. The more "bars back" length the less flipping, then if you lower that input number it will result in an increase in sensitivity. Enjoy, and now that TradingView has made it easy to do, I will be offering access to the strategies I have made based on my indicators. These will be available on the web eventually.
Indicatore Pine Script®
di HammondB3
3
B3 High-Low Trail-TraderSimilar to SuperTrend or the ATR trailing stop lines that are common-place in chart indicator circles, the B3 High-Low Trail-Trader works as a back-break line to flip binary long and short biasing. Here is the strategy set to 7 bars back. You can find this style of trading system in several books, and there are many ways to come to the trailing stop line, so I imagine the bars back length can be slid around to suit certain charts. This happens to be my favorite trailing line.
Strategia Pine Script®
di HammondB3
22