Display up to 4 distance from EMA levels, by default it's based on the 5m timeframe.
The indicator plots directional arrows on top of the chart to visualize the market's price trend. The plots are based on candle closing below all three multitimeframe EMAs, downtrend, when the EMAs are also in order (1 below 2 and 2 below 3). Opposite situation is uptrend. It also marks a breakdown when the price closes under the third (supposedly always the...
NOTE: Indicator based strategies may expire and begin to work again. There are various ways to check the expiration of these strategies but I suggest equity curve trading (EC trading) as the best one. Please check every single indicator based strategy to see if it’s still profitable or it has been expired to avoid losses. Principles: I personally believe every...
The Median Average Adaptive Filter was created by John Ehlers and this is another in my current series of undiscovered gems. I'm sure you are all saying but Franklin, Ehlers doesn't have any undiscovered gems but in this case you would be wrong. This was actually an indicator so buried on the internet that I had to use the wayback machine to find the original...
This script has been designed for use in botting Crypto spot / futures. The intended use is send signals to a 3commas bot setup for the exchange. The bot uses candle measuring percentile nearest rank filters and range breakouts to decide if the market is trending. When the market is trending it will look for pullbacks below a moving average and buy in the trend...
This script has been designed for use in botting Crypto spot / futures. The intended use is send signals to a 3commas bot setup for the exchange. The bot uses candle measuring percentile nearest rank filters and range breakouts to decide if the market is trending. When the market is trending it will look for pullbacks below a moving average and buy in the trend...
This is MTF MACD crossover and crossunder, with EMA trend filter and MTF RSI overbought/oversold filter. Guidelines: - User can set stop loss, take profit target and risk to reward ratio in setting - ATR Stop and ATR Multiplier are use to set stop loss and take profit levels, setting are varies depend on what you are trading, play around and find appropriate...
Advantage RSI Predictor reverses the calculation of Relative Strength Index. Once the bar ends, this indicator calculates the price that needs to be reached (next bar) for RSI to move to a certain level. The indicator is plotted over price to show support and resistance zones based on RSI settings defined by user. What do I see? upper and lower (red) lines...
This indicator combines some of the commonly used moving averages, VWAP, and TICK sentiment, all of which are useful for all types of trading By default, this indicator includes: - 21/50/100/200 period smoothed simple moving average - great for determining trends - also act as support / resistance line for price - 9 period exponential...
This script uses the 5, 8, 13, 21, 34 low, 34 close, 34 high, and 55 EMAs in comparison to each other to gauge momentum and trend strength for the current ticker. Additionally, it provides the ability to compare to 3 additional tickers at the same time (Uncheck boxes in settings to hide if desired). For the Super Trend Row darker colors are more bearish than...
4 separate EMAs that are used to determine trend, colored appropriately to reflect the trend to make it easy to tell what the trend is. All 4 EMAs are not needed, you can turn each one on and off individually and the indicator will adjust itself accordingly. Having a single EMA will use the closing price to determine the trend. There are 2 different types of trend...
I previously shared strategy CDC action zone + WaveTrend By Nussara. But some people say that the alarm is not connected to the robot trade (not 3commas robot trade) . But for me, I used the strategy CDC action zone + WaveTrend By Nussara connect to 3commas robot trade with no problem at all. However, I made a study script for those who want to connect to robot...
This is a variety of RSI based on the distance from the MA. It calculates the difference between price and a user defined EMA, then it calculates the RSI for the values obtained. I find it more reactive and at the same time more adjustable thatn normal RSI. It also shows divergences.
This is a simple scalping strategy that works for all time frames... I have only tested it on FOREX It works by checking if the price is currently in an uptrend and if it crosses the 20 EMA . If it crosses the 20 EMA and its in and uptrend it will post a BUY SIGNAL. If it crosses the 20 EMA and its in and down it will post a SELL SIGNAL. The red line is the...
Script is extended version of usual RSI script This script plots VWMA(RSI7) vs EMA(RSI7) under pre-set time frame. Strategy is to make sure both points remain in the Green zone while entering into BUY position Use it as indicator not as financial advice. ~ @imbharat
Dear Traders, Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script. This is just a logic based script...
The McNamara's Tally was created by Nolan McNamara (Stocks and Commodities Feb 2022 pgs 44-45) and this aims to fix the issues with both the On Balance Volume and the Accumulation/Distribution Line by using a variation of Wilder's True Range to keep track of volume flow to better differentiate between bullish volume and bearish volume. I added a signal line to...
This Strategy was created according to Larry Williams 9.1 Setup. This is based on the Exponential Moving Average of 9 days. Although this might be used in any timeframe, it is most common on the Daily Timeframe. I have developed this strategy to be used on both Long and Short Position, using the drop down list. - Setup 9.1 (Lond Position) It looks for tickers...