New Bearish Downtrend Script - Perfect for Short SellingIts been a while since i last uploaded a script, what i have for you today is a script which works very efficiently for downtrends and spotting reversals. This is a script i use on a weekly basis when looking to short sell.
This script includes :
Updated** Rally Candles for HTF and LTF ( End of Impulsive move signal) - The psychology of the candle when used with market information can be viewed as a end or near to the end of a big impulsive leg - when this candle occurs in BEARISH CONDITIONS, we can assume price is likely to move away short term.
Major and Minor Support Levels HTF (Areas of interest)
The Psychology on these levels is price will do something at these key levels - it takes in the last quarter price action of High Open Low Close to generate the price levels and when price comes into these areas we are likely to see a bounce or rejection from this area.
Bearish Breakout Volume Candle - This candle will paint a Purple colour bar when volume breaks above the 7day average - this shows strong momentum in the market and will usually be seen when price is in a downtrend with strong momentum.. However when this does occur we can expect a short term bounce or base so don't trade the volume bar alone.
Indecision Candles - Psychology of this candle is to show exhaustion in the trend and ideally what to see this candle appear with Rally Candles at key areas for stronger set up. When the trend is moving up, the bearish doji can appear - i tend to look at this situation as a pause in the trend.
200 EMA
Everything in this script has alert conditions to provide an edge in the markets
This is an example of how the script will look on the HTF I'm using the Daily Timeframe for reference on TSLA
This is an example of how the script looks like on the LTF, price hit the Major Resistance twice and failed to hit the 3rd time and on each leg of the impulse, the chart portrayed the LTF Rally Candles
Heres an example on how to use both Major Resistance ( Area of Interest) Rally Candle and Volume Breakout as a trade set up idea - This setup idea was on Crude Oil last week and into this week.
When added to confluences such as Supply Zones, Mitigation Levels, Quasimodo patterns etc... this will enhance the script.
I will answer any questions if i haven't made the script clear or take any requests to improve the script.
Also will be uploading the Bullish Uptrend Script soon.
Moving_average
Moving Average DistanceLook at the chart bars as they relate to distance from a specified moving average.
You can pick from SMA/EMA/etc.
Fibonacci Step IndicatorThe Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator.
The indicator uses the formula for the first twelve Fibonacci numbers on highs and lows so that it creates a moving support/resistance zone. Afterwards, the zone is stabilized by taking the highest highs of the upper indicator and the lowest lows of the lower indicator part.
The indicator is used as a trend following way. It can be compared to the Ichimoku Kinko Hyo cloud (without the future projection). The zone form a support and resistance area. During ranging periods, the market will fluctuate within the area which is a bad time to follow the trend (if any).
Extended from Moving AverageThis indicator helps avoid chasing extended stocks by showing every time a stock is too far extended from a selected moving average.
Features:
✔️ selectable moving average and source (high, low, close)
✔️ choose to plot or hide the moving average
✔️ selectable distance to be considered too extended
Power Indicator - EMAs + VWAP + Volume BarThe Power Indicator is intended to return some exponential moving average, vwap, volume bar, and others. With this compilation, you will be able to use them as one indicator in Trading View.
The components are:
- EMA9 - Exponential Moving Average of 9 days
- EMA21 - Exponential Moving Average of 21 days
- EMA50 - Exponential Moving Average of 50 days
- EMA200 - Exponential Moving Average of 200 days
- Volume Bar - This indicator provides the volume of the candle and its strength by showing different colors. It's a way to check expressive volume in one bar.
- Vwap line
- Indicator
If you have any questions, let me know!
Colored Moving Averages With Close Signals[Whvntr][TradeStation]Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends" . I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a Sell label at the start of that MA trend. Likewise: each time the current bar closes below the MA, while it's white (bullish), there's a Buy label at the beginning of that MA trend. You can now, also, easily see which MA you are selecting by hovering your cursor over the tooltips icon. I've included a modified Hull MA as default because I've found this SMA combination with the WMA to be a very smooth oscillation. I've also added some different types of MA's. Colored moving averages are helpful to determine when a trend may be reversing.
MA's
1 · Modified Hull MA: (SMA of the WMAs Hull Formula)
2 · Hull MA
3 · Exponential Moving Average
4 · Weighted Moving Average
5 · RMA Moving Average used in RSI
6 · Volume Weighted MA
7 · Simple Moving Average
This indicator isn't endorsed as a guarantee of future, favorable, results.
Library_SmoothersLibrary "Library_Smoothers"
CorrectedMA(Src, Len)
CorrectedMA The strengths of the corrected Average (CA) is that the current value of the time series must exceed a the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals when the trend is in a weak phase.
Parameters:
Src
Len
Returns: The Corrected source.
EHMA(src, len)
EMA Exponential Moving Average.
Parameters:
src : Source to act upon
len
Returns: EMA of source
FRAMA(src, len, FC, SC)
FRAMA Fractal Adaptive Moving Average
Parameters:
src : Source to act upon
len : Length of moving average
FC : Fast moving average
SC : Slow moving average
Returns: FRAMA of source
Jurik(src, length, phase, power)
Jurik A low lag filter
Parameters:
src : Source
length : Length for smoothing
phase : Phase range is ±100
power : Mathematical power to use. Doesn't need to be whole numbers
Returns: Jurik of source
SMMA(src, len)
SMMA Smoothed moving average. Think of the SMMA as a hybrid of its better-known siblings — the simple moving average (SMA) and the exponential moving average (EMA).
Parameters:
src : Source
len
Returns: SMMA of source
SuperSmoother(src, len)
SuperSmoother
Parameters:
src : Source to smooth
len
Returns: SuperSmoother of the source
TMA(src, len)
TMA Triangular Moving Average
Parameters:
src : Source
len
Returns: TMA of source
TSF(src, len)
TSF Time Series Forecast. Uses linear regression.
Parameters:
src : Source
len
Returns: TSF of source
VIDYA(src, len)
VIDYA Chande's Variable Index Dynamic Average. See www.fxcorporate.com
Parameters:
src : Source
len
Returns: VIDYA of source
VAWMA(src, len, startingWeight, volumeDefault)
VAWMA = VWMA and WMA combined. Simply put, this attempts to determine the average price per share over time weighted heavier for recent values. Uses a triangular algorithm to taper off values in the past (same as WMA does).
Parameters:
src : Source
len : Length
startingWeight
volumeDefault : The default value to use when a chart has no volume.
Returns: The VAWMA of the source.
WWMA(src, len)
WWMA Welles Wilder Moving Average
Parameters:
src : Source
len
Returns: The WWMA of the source
ZLEMA(src, len)
ZLEMA Zero Lag Expotential Moving Average
Parameters:
src : Source
len
Returns: The ZLEMA of the source
SmootherType(mode, src, len, fastMA, slowMA, offset, phase, power, startingWeight, volumeDefault, Corrected)
Performs the specified moving average
Parameters:
mode : Name of moving average
src : the source to apply the MA type
len
fastMA : FRAMA fast moving average
slowMA : FRAMA slow moving average
offset : Linear regression offset
phase : Jurik phase
power : Jurik power
startingWeight : VAWMA starting weight
volumeDefault : VAWMA default volume
Corrected
Returns: The MA smoothed source
Strategija TrioThis is a Primo #4 with extra ADX condition to avoid range bound enviroments.
1. ADX must be above 20
2. Price above 50 SMA for long and below 50 SMA for short settings.
3. Short EMA above Middle EMA
4. Pullback and 80 % bounce from Middle EMA within 2 bars
Risk/reward ratio and fund management is eseential, I recomend at least 3/1 and no more than 3 %. Arrows depict the entry bars, Data window shows the Take profit and Stop loss prices
Feel free to adjust it or use it on your own. This is not a financial advice.
Mean Reversion DotsMarkets tend to mean revert. This indicator plots a moving average from a higher time frame (type of MA and length selectable by the user). It then calculates standard deviations in two dimensions:
- Standard deviation of move of price away from this moving average
- Standard deviations of number of bars spent in this extended range
The indicator plots a table in the upper right corner with the % of distance of price from the moving average. It then plots 'mean reversion dots' once price has been 1 or more standard deviations away from the moving average for one or more standard deviations number of bars. The dots change color, becoming more intense, the longer the move persists. Optionally, the user can display the standard deviations in movement away from the moving average as channels, and the user can also select which levels of moves they want to see. Opting to see only more extreme moves will result in fewer signals, but signals that are more likely to imminently result in mean reversion back to the moving average.
In my opinion, this indicator is more likely to be useful for indices, futures, commodities, and select larger cap names.
Combinations I have found that work well for SPX are plotting the 30min 21ema on a 5min chart and the daily 21ema on an hourly chart.
In many cases, once mean reversion dots for an extreme enough move (level 1.3 or 2.2 and above) begin to appear, a trade may be initiated from a support/resistance level. A safer way to use these signals is to consider them as a 'heads up' that the move is overextended, and then look for a buy/sell signal from another indicator to initiate a position.
Note: I borrowed the code for the higher timeframe MA from the below indicator. I added the ability to select type of MA.
RedK K-MACD : a MACD with some more musclesMoving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about.
MACD Basic concept
----------------------------
Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying here rather than being technically accurate - so please forgive the use of any "common lingos")
- MACD goal is to represent the distance between 2 Moving Averages (MAs) - one fast and one slow, relatively - as an unrestricted zero-based oscillator.
- The value of the main MACD line is the distance, or the displacement between the 2 MA's
- usually a signal line is used (which is another MA of that distance value) to enable better visualization of the change (and rate of change, since this is all depicted on a time axis) of that displacement - this represents price momentum (price movement in the recent period versus movements for a relatively longer period).
- the difference between the main MACD line and its signal is then represented as a histogram above and below the zero line. in this case, that histogram is really redundant, since it shows a value that is already represented visually by the main line and its signal line.
How K-MACD is different
---------------------------------
K-MACD takes that simple concept of the classic MACD and expands around it - the idea is to use the same simple approach to representing price momentum while bringing in more insight to price moves in the short, medium and long terms, ability to represent more than 2 MA's and to enable better identification of tradeable patterns (like Volatility Contraction and others) - while still keeping things simple and visually clean.
K-MACD is an indicator that allows us to view how price moves against 3 moving averages: a fast / slow pair, and a "market" Filter or Baseline (very long) that will be used as a flag for Bear/Bull market mode. Many traders and trading literature use the 200 day (40 week) SMA as that key filter
so in total, there are 4 MA lines in K-MACD (excluding the "orange" signal line):
* Price Proxy: Which is a very fast moving average that will represent the price itself - let's use a WMA(3) or something close to that here - there will be a signal line to enable better visualization of this similar to a classic MACD - that's the orange line
* Fast & Slow MA's : Use whatever represents the "medium term" momentum for your trading - Some traders use 20 and 50, others use 10 and 20 .. if on your price chart, you keep using a pair of MA's for this, use the same settings in K-MACD - these will be represented by the 3-color Momentum Bars that fluctuate above and below the baseline
* Filter/Baseline MA: Should be your long (Bullish/Bearish Mode) MA. so 100 or 200 or any other value you consider your market to be bearish below and bullish above. on K-MACD this is actually the blue zero line - everything else is "relative" to it
Review the sample chart which explains various elements and the "price chart" setup that K-MACD represents. With K-MACD you can clean up your chart from those various Moving Averages - or use a different set than the ones you already have K-MACD represent - or other indicators (like ATR channels..etc)
Other "muscles" in the K-MACD
---------------------------------------------
- Relative vs Classic Calculation Mode
A key issue with the classic MACD is that the displacement between the 2 moving averages is represented as "absolute or direct" values - as the price of the underlying increases with time, you can't really use these values to make useful comparison between the past and now (see below example) - also you can't use them to compare 2 different instruments.
- The "Relative" calculation option in K-MACD addresses that issue by relating all "distances" to the Baseline MA as percentage (above or below) - you can see this clear when you look at the above chart the far left versus the far right and compare K-MACD with the classic MACD - the Classic option is still available
- More MA "type" options for all MA lines: choose between SMA, EMA, WMA, and RSS_WMA (which i use a lot in my trading and is my default for the Price Proxy)
- More Alerts: a total or 9 alerts (in 3 groups) are available with K-MACD (Momentum above or below baseline, Price Proxy crossing signal line, and Price Proxy crossing baseline)
- New 52 week High / Low markers: These will show as Green/red circles on the zero line in K-MACD. this will only work for 1D timeframe and above, i'm just using a simple approach and would like to keep it that way.
- i know i added some more features not covered above :) -- if you have questions about any of the settings, feel free to ask below
Closing thoughts
-------------------------
K-MACD is a combination of couple of indicators i published in the past (xMACD and Mo_Bars) - so you can go back and read about them if needed - I then added improvements to accommodate ideas from swing trading literature and common practices that i plan to focus on in future. So K-MACD is really part of my own trading setup.
I assume here that most traders are familiar with what a MACD is - so kept this post short - if you thing we should expand more about the concepts covered here let me know in the comments - i can make some separate posts with examples and more details.
I hope many fellow traders find this work useful - and feel free let me know in comments below if you do.
Bender Filtered MA Cloud with Buy Sell SignalsBender MA Cloud is a powerful indicator that uses two moving averages filtered by standard deviation to create a "cloud" on the chart. The upper and lower bounds of the cloud could be key levels of support and resistance, and the indicator plots lines on the chart that reflects the average price of the stock over a specified period of time. The standard deviation is used to filter out noise and identify significant trends. Bender MA Cloud also generates signals based on the direction changes of the fast moving average, crosses of the cloud, and breaches of the cloud boundaries. This indicator is a useful tool for traders who want to make informed decisions based on reliable market trends and anticipate potential trade opportunities. (Video Demo Coming Soon)
Configurable Indicator Signals
Signal on :
Pullbacks
A pullback begins when the fast MA1 line changes direction and moves opposite to the cloud. The pullback is confirmed when the fast MA1 line returns to the direction of the cloud on the close of the bar. These signals can be fine-tuned using the invalidation settings below.
Breaches
A breach is signaled when the price closes beyond the slow MA2 line in the opposite direction of the cloud. These signals can be optimized using the invalidation settings.
Crosses
A cross is signaled by a change in the direction of the cloud. The strength of the cross can be evaluated using the settings below..
Signal Filters
Confirmed pullbacks allowed after a cross
The number of confirmed pullbacks allowed after a cross can be set using this option. If the number of confirmed pullbacks since the last cross exceeds the specified value, the pullback signal will be invalidated.
Allowed Number of bars in Pullback
The pullback signal is considered invalid if the specified number of bars form within the pullback without a reversal occurring. This limits the number of bars allowed in the pullback.
Invalidate Pullback if price breaches the slow MA2
The pullback signal is considered invalid if the price crosses the slow MA2 during the pullback. This indicates that the trend may be reversing and the signal is no longer reliable.
Require Strong Cloud During Pullback
This option allows you to invalidate the pullback signal if the cloud is not considered strong using the ATR strength threshold. This can help to ensure that the signal is reliable and accurate..
Require Strong Cross. _ look-back bars.
This option allows you to invalidate the cross signal if the cloud is not considered strong over a specified number of look-back bars. The strength of the cloud is measured using the ATR strength threshold, and the signal will be invalidated if the cloud is not considered strong. This can help to ensure that the signal is reliable and accurate..
Strength Threshold ATR Length
This option allows you to specify the ATR length that should be used to gauge the strength of the cloud. Keep in mind that the ATR is a dynamic measure, so if there is a spike in the ATR, the cloud strength calculations will also change. This can affect the reliability and accuracy of the signals generated by the indicator.
Cloud Size Must Be _ times the size of the Threshold ATR to be considered strong
This option allows you to specify the minimum size that the cloud must be relative to the Threshold ATR in order to be considered strong. If the distance between the fast MA1 and the slow MA2 is less than the specified value multiplied by the Threshold ATR, the cloud is considered weak. For example, if the cloud size is not at least 2 times the ATR, it will be considered weak.
This indicator is also incorporated into the Bender Bot strategy script and can be used to autonomously manage strategies based on signals and confluences identified by the indicator. When used as a standalone indicator, the features below will not affect the indicators functionality.
Bender Bot Strategy Confluence
Require Signal Confluence before opening any position
This option requires that all of the signal conditions are met before opening any position. If all conditions are satisfied, the signal will remain "Long" or "Short" until it is invalidated.
Require MA Cloud Directional Confluence before opening any position
This option requires that the direction of the cloud (either "Long" or "Short") is in agreement before opening any position. The direction of the cloud changes on crosses.
Close Position if Pullback is started
This option closes the position if a pullback is started and causes the fast MA1 line to change direction and oppose the open position.
Please feel free to contact me if there are any questions
MA ChannelThis indicator creates a high and low channel of moving average type selected, it also can draw deviation bands based on the channel for a unique representation of squeezes.
Features
Moving average channel displays constant high and low price trend.
Center band displays color representative of trend direction constantly.
High price trend line disappears during downtrends, and low price trend line disappears during uptrends.
Deviation band display accurately reports squeezes between price and channel data.
Deviation band fill reports price range expansion as possible trend weakness.
Settings
Period adjusts historical price data to use for trend analysis.
Average Type adjusts the type of average calculation used in the trend plots.
Show Deviation Band toggles display of deviation bands and their fill.
Deviation Multiplier adjusts the deviation calculation, 2.0 is common.
Style adjustments include up/down trend strong/weak color customization (default theme supports color blindness).
Color Bar displays overall trend color on each bar.
Deviation Band Fill With Squeeze Measurement adjusts opacity to represent deviation band squeeze, when bands contract the colors disappear, when bands expand the colors reappear.
Usage
Trend Analysis
When price has broken above the channel then it's an uptrend, price below the channel is a downtrend.
Pay attention to when inverse trend line appears only momentarily, these could be excellent trend continuation entry areas.
Reversals
Reversal areas can be spotted where price breaks the channel central ribbon but doesn't close outside on the opposite end of previous trend.
Squeeze
Band fill squeeze mode aims to make it a simple task to see when a squeeze may be weakening, with the color trend brightening during periods of expansion, and disappearing during periods of contraction (squeezing).
VWMA/SMA 3Commas BotThis strategy utilizes two pairs of different Moving Averages, two Volume-Weighted Moving Averages (VWMA) and two Simple Moving Averages (SMA).
There is a FAST and SLOW version of each VWMA and SMA.
The concept behind this strategy is that volume is not taken into account when calculating a Simple Moving Average.
Simple Moving Averages are often used to determine the dominant direction of price movement and to help a trader look past any short-term volatility or 'noise' from price movement, and instead determine the OVERALL direction of price movement so that one can trade in that direction (trend-following) or look for opportunities to trade AGAINST that direction (fading).
By comparing the different movements of a Volume-Weighted Moving Average against a Simple Moving Average of the same length, a trader can get a better picture of what price movements are actually significant, helping to reduce false signals that might occur from only using Simple Moving Averages.
The practical applications of this strategy are identifying dominant directional trends. These can be found when the Volume Weighted Moving Average is moving in the same direction as the Simple Moving Average, and ideally, tracking above it.
This would indicate that there is sufficient volume supporting an uptrend or downtrend, and thus gives traders additional confirmation to potentially look for a trade in that direction.
One can initially look for the Fast VWMA to track above the Fast SMA as your initial sign of bullish confirmation (reversed for downtrending markets). Then, when the Fast VWMA crosses over the Slow SMA, one can determine additional trend strength. Finally, when the Slow VWMA crosses over the Slow SMA, one can determine that the trend is truly strong.
Traders can choose to look for trade entries at either of those triggers, depending on risk tolerance and risk appetite.
Furthermore, this strategy can be used to identify divergence or weakness in trending movements. This is very helpful for identifying potential areas to exit one's trade or even look for counter-trend trades (reversals).
These moments occur when the Volume-Weighted Moving Average, either fast or slow, begins to trade in the opposite direction as their Simple Moving Average counterpart.
For instance, if price has been trending upwards for awhile, and the Fast VWMA begins to trade underneath the Fast SMA, this is an indication that volume is beginning to falter. Uptrends need appropriate volume to continue moving with momentum, so when we see volume begin to falter, it can be a potential sign of an upcoming reversal in trend.
Depending on how quickly one wants to enter into a movement, one could look for crosses of the Fast VWMA under/over the Fast SMA, crosses of the Fast VWMA over/under the Slow SMA, or crosses over/under of the Slow VWMA and the Slow SMA.
This concept was originally published here on TradingView by ProfitProgrammers.
Here is a link to his original indicator script:
I have added onto this concept by:
converting the original indicator into a strategy tester for backtesting
adding the ability to conveniently test long or short strategies, or both
adding the ability to calculate dynamic position sizes
adding the ability to calculate dynamic stop losses and take profit levels using the Average True Range
adding the ability to exit trades based on overbought/oversold crosses of the Stochastic RSI
conveniently switch between different thresholds or speeds of the Moving Average crosses to test different strategies on different asset classes
easily hook this strategy up to 3Commas for automation via their DCA bot feature
Full credit to ProfitProgrammers for the original concept and idea.
Any feedback or suggestions are greatly appreciated.
Fetch TrendsThis indicator can be used as a tool to measure the strength of the current trend. It is also trying to achieve to alert traders on when a trend can shift.
In order to achieve this, it uses three simple indicators:
1: 9 Simple moving average
2: 50 Simple moving average
3: Rsi (14)
The moving averages are used to define the current trend of the market, and the rsi is used to measure the strength. We use a color gradient to reach our second goal with this indicator.
The gradient is calculated based on the rsi value, which means the trader can use this indicator to visualize the strength of the current trend. It also helps to alert the trader when the trend starts to shift.
Lets say we use green to signal a strong positive trend, and blue for a weak positive trend. The candles are green in a strong uptrend, and are getting more blue once the trend starts to weaken.
As soon as the trend shifts from bullish to bearish, the bars become a diferent color.
Pranoyama - The Aurora BorealisENG:
The "aurora borealis" indicator has 2 operating modes. To enable it, go to the settings in the arguments section and check the boxes.
1) In the upper part of settings page you may turn on colored of classic candles by heiken ashi candles color. All high low open and close of candles will stay classic. Only color will change. Also you may find there, a moving average which has been added to determine the trend. This moving average is based on Heiken Ashi candles.
2) In the middle of the settings, there is a box which turn on the "Aurora borealis" indicator, it based on Heiken ashi candles and helps to determine the trend.
3) At the bottom of the settings page, you can change the color of candles/aurora.
РУС:
Индикатор "полярное сияние" имеет 2 режима работы. Для его включения войдите в настройки в раздел аргументы и поставьте галочки в соответствующих чек-боксах.
1) В Верхней части страницы настроек имеется возможность включить подсветку свечей в цветах Хейкен Аши. При этом все хаи, лои, открытия и закрытия останутся классическими. Кроме-того добавлена скользящая средняя для определения тренда, которая строится на основе свечей Хейкен Аши.
2) В середине страницы настроек имеется возможность включить индикатор "Полярное сияние", в честь которого назван индикатор/ Он не является свечами хейкен аши, но строится на основе этих свечей и помогает определить тренд.
3) В нижней части страницы настроек можно изменять цвет свечей/сияния
Ghost Ninja Moving Average by HassonyaThe Ghost Ninja Moving Average indicator contains three ema averages. These are ema 21, ema 55 and ema 233.
The values of the averages appearing on the screen are adjusted according to their own lengths. If you want, you can change the settings from the "Numbers of bars back" setting.
The 1st moving average (EMA-21) will follow the price and will disappear if the price is above it. It will only appear where needed.
The 2nd moving average (EMA-55) will be red if not orange when EMA-21 is greater than EMA-55.
The 3rd moving average (EMA-233) will appear if EMA-55 is greater than it, otherwise it will not.
The system will also display Golden and Death crosses.
I hope you will be satisfied using it. Yours sincerely. Happy Trading
TÜRKÇE AÇIKLAMA
Ghost Ninja Hareketli Ortalama indikatörü, üç adet ema ortalaması barındırıyor. Bunlar ema 21, ema 55 ve ema 233 tür.
Ortalamaların ekranda gözükme değerleri, kendi uzunluklarına göre ayarlanmıştır. İsterseniz ayarları "Numbers of bars back" ayarından değiştirebilirsiniz.
1nci hareketli ortalama olan (EMA-21), fiyatı izleyerek eğer fiyat onun üzerindeyse gözükecek değilse yok olacak. Sadece gerektiği yerlerde gözükecek.
2nci hareketli ortalama(EMA-55), EMA-21 EMA-55'ten büyük olduğunda turuncu değilse kırmızı olacak.
3ncü hareketli ortalama(EMA-233), Eğer EMA-55 ondan büyükse gözükecek yoksa gözükmeyecek.
Sistem aynı zamanda Golden ve Death crossları da gösterecek.
Güle güle kullanın. Bereket bulun. Sevgiler
Shaktiman [DSS_Rajput]I'm a Momentum Trader, following the Indian markets, Mark Minervini and William O'Neil follower.
User Settings
Inputs tab
EMA option for Table - It compares the current price of the symbol to its key EMA's and calculates the rate of return to make it easier to track the performance of the symbol. It Helps you to identify how far the price is from its Key EMA's
ADDITIONAL TABLE DATA - It will allow you to use multiple performance data sets with your set of customizable inputs (You can change periods as per your requirements)
Show Inside Bar (IB): Allows you to add Inside Bar on your chart
Show NR4 (Narrow Range): Allows you to add an NR4 bar on your chart
Show INR7(Narrow Range): Allows you to add NR7 Bar on your chart
Distance_From_EMA_Table: Allows you to enable/disable the price difference with its key EMA's table.
ROC_Table: It compares the current price of the symbol to its past price and calculates the rate of return to make it easier to track the performance of the symbol.
Note that the Performance sidebar is not updated in real-time, while this indicator is, so on real-time charts.
The formula of the calculation is (Current value - Past value) * 100 / Past value, where Past value is: 1W, 1M, 3M, 6M, 1Y
Momentum_Table: It compares the current price of the symbol to its past lowest price of that period and calculates the %Gain of the symbol from the low of that period
Power_Play_Candidate: It will show the power play candidate, similar to IBD, It merely qualifies for Power_Play.
You need to wait for the Right Entry point. It will give you 8 Week Range.
According to IBD, it should move 100%+ in less than 8 weeks. You can modify your criteria by changing the percentage gain.
U/D Ratio: IBD defines the U/D ratio as "A 50-day ratio that is derived by dividing total volume on up days by the total volume on down days.
A ratio greater than 1.0 implies positive demand for a stock"
UpVol criteria: close>open and vice versa for DownVol
Rvol (Relative Vol): Percentage volume change (compared to daily average volume)
ADR : It allows you to add the Average Daily Range to the table.
Show 50D Avg. Vol & Avg. Vol rupee: It allows you to add 50-Day Avg. Vol and 50-Day Avg. Vol rupee.
Show_Bull_Snort: Allows you to add bull snort to your chart and style the bar.
Bull Snort is the work of Oliver Kell. For more info about Oliver kell, check youtube videos of Oliver Kell.
Normal Moving Average: Plot 4 Simple, Exponential, and Weighted Moving Averages. (You can choose an option between EMA/SMA/WMA)
Fixed Moving Average : Plot 4 Simple, Exponential, and Weighted Moving Averages. (You can choose an option between EMA/SMA/WMA)
Plus Point: It will not change its value when you switch to a different timeframe. Let's say you applied Fixed Daily 20MA, on the intraday chart.
It will not change its value and It will give you much more clarity that, from where the price is bouncing from 20MA. Explore it (You will definitely love it!)
Fixed Moving Average : Plot 2 Simple, Exponential, and Weighted Moving Averages. (You can choose an option between EMA/SMA/WMA)
Plus Point: It will not change its value when you switch to a different timeframe. (It's like Plotting 10 Week Line on Daily Chart & Intraday Charts)
Numbers of weeks to show High & Low: It will add data to the tables and also add 52 weeks of High & Low lines on the charts.
(Number of weeks is customizable, you can change as per your requirements.)
Style tab
You can modify the style and color of any of the inputs except table color.
Conclusion
If you like this script, click on Add to favorite indicators, so that you can easily add this indicator from your favorites tab right away.
Hope you find this useful. Please leave any questions you have in the comment section and I'll be happy to answer them.
Thanks!
Trend Slope Meter - KaspricciTrend Slope Meter
This indicator measures the slope of the trend defined by a moving average or an external source. The slope is calculated by the change of price in ticks for a defined number of bars divided by the number of bars.
Settings
Source - Default: close price. Used to calculate the moving average as basis for slope measurement. Can be an external source of a different indicator as well. In case you select an external source, you can disable the moving average calculation.
Moving Average Settings
Type - Default: EMA. Type of moving average calculation. All provided out of the box by TradingView.
Length - Default: 50. Length used to calculate moving average.
Slope Settings
Length - Default: 50. Length used to calculate slope.
Macro Directional IndexCore to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100
This indicator has 4 values in the status line:
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change
DI Rate of Change
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. "Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often.
Directional Index Middle Channel
Between the DI+ and DI- is a black centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross."
SUPER Alligator[Gabbo]📈 Alligator Indicator Update - Version 2
🔹 New Features and Improvements:
1️⃣ New MA Selection for Indicator Calculations:
You can now choose from various Moving Average types for the indicator calculations, adding more flexibility to your analysis.
2️⃣ Improved Input Visibility and Organization:
Inputs have been reorganized so that the most commonly used options are placed at the beginning for quicker and more convenient configuration.
3️⃣ Bug Fixes and Code Improvements:
Minor bugs have been resolved, and the code has been optimized for better stability and performance. The code is now cleaner and fully functional in version 6.
4️⃣ Cometreon Public Library Integration:
To lighten the code and improve modularity, we’ve integrated the Cometreon public library. This makes the code more efficient and reduces the need to duplicate common functions.
☄️ With this update, the Alligator indicator becomes even more versatile and user-friendly, offering enhanced customization options and improved overall performance!
Arnaud Legoux Moving Average (ALMA) with buy/sell signalsDescription: ALMA with background highlighting, source selection and entry/sell signals depending on price positioning relatively to the ALMA. There are two options: use price at close, or both open and close. When Open & Close is used, both open and close need to be above or below ALMA to highlight, the signal is less noisy but can be more laggy.
This is a small simple indicator that can be used for a simple trading strategy, but some users found it very helpful, so I am posting it here. Enjoy!
Momentum - EddyThis indicator uses momentum, emas, macd trend, probability to find the best entry for both long and short positions.
L = Long
When the low goes below the green line (ema fast low), close is above open and momentum is up
S = Short
When the high goes above the red line (ema fast high), close is below open and momentum is down
XS = Exit short at potential bullish pivot
When the low is below a red step (probability) and below ema fast low and both ema fast high and low are 0.5 % (can be changed in the settings) spread, and high is below ema fast low and open is at least 0.2 % spread (can be change in the settings).
XL = Exit long
When the high is above ema fast high and above a green step (probability) with at least 0.2 % spread (customizable in the settings)
The win rate changes based on the % change parameter. The lower the % change the higher the win rate will be.
Green and Red background shows you a bull trend or bear trend. It uses the Mac signal (periods are customizable in the settings).
You can add alerts for Long / Short / Exit Long / Exit short.
You can adjust parameters in the settings.
Use your own judgement to place trades. This algorithm helps you remove the stress of trading.
To avoid false signals trade from 4h timeframe +.
Adaptive Rebound Line Bands (ARL Bands)These bands consist of 4 ARLs (See: Adaptive Rebound Line ('ARL'/AR Line)) that help accurately spot price rebounds.
It is excellent for 15 minute scalping and price-action trading.
See notes in the picture above for more details.
Note: "Top Deviation" is the deviation of the top 'ARL', "High Deviation" is for the high 'ARL', etc.
