This is a rewrite of my previous moving average script. In this version, I have added the 3 day high and low as these are often used as short term trend following entry points Traders often try to buy the 3 day average of lows in an uptrend and sell the 3 day average of highs in a downtrend In the same fashion, I have added the 3 week high and low averages for...
I am publishing my updated Ichimoku ++ study with a more suitable title. Future updates will take place with this version. Description: The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A...
Multiple volume oscillators in one. Description: As Warren Guppet once said, be “fearful when others are buying less, and greedy when others are selling less.” Divergences are the main point of usage of all bundled indicators. OBV Oscillator, remade. The formula has been changed to smooth out the way OBV is calculated during a trending move OBV Oscillator,...
This script shows the multiple time frame SMA cross overs under single label. It ideal to use this indicator with 1min chart to show trend change
This script shows the multiple time frame EMA cross overs under single label. It ideal to use this indicator with 1min chart to show trend change
This indicator displays a trend line by feeding a Parabolic SAR into an Exponential Volume Weighted Moving Average. This trend line is then used with the ATR to display 4 bands indicating trend direction and potential reversals in price.
Simple script that calculates the normalized value of N. Rules taken from an online PDF containing the original Turtle system: "The Turtles used a volatility-based constant percentage risk position sizing algorithm. The Turtles used a concept that Richard Dennis and Bill Eckhardt called N to represent the underlying volatility of a particular market. N is simply...
Hello, This technique is for those who want the most simple method that is almost fool-proof. It must be done only during the busiest trading hours, 3 am to 11 am EST. This method doesn't work in sideways markets, only in volatile trending markets. Indicators: Ema 3 MA 20 Awesome Oscillator. Enter Long: when the red 3 EMA has crossed up through the...
Hello, Today I am glad to bring you an amazing simple and efficient scalper strategy. Best suited for 1M time frame and majors currency pairs. Its made of : Ema (exponential moving average) , long period 25 Ema(exponential moving average) Predictive, long period 50, Ema(exponential moving average) Predictive, long period 100 Risk management , risking % of...
The new feature of arrays allows for a multitude of new possibilities within Pinescript. This script implements a bubble sort function with most probable efficiency of О(n^2) with a best-case being O(n). This sort does not require large amounts of memory to process and has advantages when sorting small lists of data. The main advantages: Bubble sort is an...
The "EMA Hooman Strategy" indicator contains 3 Moving Average Exponential with 6, 12 and 18 lengths along with close source, which can be used as a LONG or SHORT trading strategies. How it works : When the GREEN line crosses the RED line from UP to DOWN , it means that the price tends to FALL DOWN and you can start a SHORT position. When...
Chart Traders: Pivot based EMA (PEMA) is giving ema based on pivot . Three Pivot based EMA represent the support zone when price above the EMA and act as resistance when price below EMA . Traders have to look for reversal when price is near the pivot based EMA Zone.
Using the PB EMA Cloud, you can now take highs and lows of a specific EMA . Using this in your strategy, you can produce non linear support and resistance zones This is different because this depicts a cloud made from the highs and lows of a single Exponential Moving Average. The moving average length can be changed, but we stipulate length for different types...
Same coding only coloring and strategy version added //Barcolor Green = Trail1 > Trail2 and close > Trail2 and low > Trail2 Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2 Red = Trail2 > Trail1 and close < Trail2 and high < Trail2 Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2 //It gives White color where there is...
RSI seams to be one of the most used indicators by far, and that comes because of merit . With that in mind, the goal of this indicator is to expand upon the tradition RSI or Relative Strength Index we all know and love :) I started by adding an EMA crossover. Which gives you, the users, a general idea of when to buy and sell outside of just watching a line go...
Hi all. This is just a simple script that was inspired by David at Bigbits.io ( massive thank you David). All it does is lay up to 4 MA's of different varieties, sources and time frames over the one chart. Nothing fancy, just a handy simple overlay for those that like to use moving averages. Enjoy!!
This indicator is made exclusively for Bank Nifty for intraday trading. It shows more profitability on the 5 minute chart. The intraday timing can be adjusted in the indicator settings. No chance to repaint. Strictly following the target and stop loss gives around 60% profitability. The background color represents the main trend and the color of the candle...
Introduction Moving averages are an integral part of the TA world. There are different types of moving averages and each person uses them depending on their strategy and market conditions. Meanwhile, the main variable in calculating the averages is their LENGTH. This value is optional, but not every value is applicable. After much experience in the world of...