RexDog Average with ATRBam-- look what Rex did. A RexDog Average with ATR bands-- he's going insane. Simple but powerful.
This indicator includes the RexDog average but provides you with the ability to plot (and customize) both above and below ATR calculated bands.
With this indicator you can display all 3 or any combination of the bands: the RexDog Avg, Adding ATR Upper or the Subtracting ATR Below.
To remove a plot or customize color and line size go to the style options.
Before we get detailed with this version you can customize the default average factor of the RexDog Avg (default is 6). More tips on this below.
How This Works
Just as with the RexDog Average we take the 6 ATR data points (200, 100, 50, 24, 9, 5). We then create an average by dividing by 6. But wait there's more...
With this indicator you can customize independently the above and below bands via a float value for precision. 6 is the default (you can customize by increments at 0.25 or input value you like 1-20).
Now this works opposite how you might think but you'll get it once you start changing the numbers. For instance, editing the above band lowering the ATR factor will raise the band.
RexDog Avg Factor
With this release you are able to change the default average factor (6) to anything you want. You'll find though going too high or low from the default won't get the best results. The default increment change is 0.1 but you can enter any float value you like between 1-20.
The Original RexDog Average Overview
Yes, simple—the RexDog Average is a bias moving average indicator. The purpose is to provide the overall momentum bias you should have when trading an instrument. It works across all markets and all timeframes.
Usage:
Price above the RexDog AVG = long momentum bias
Price below the RexDog AVG = short momentum bias
With the ATR addition most likely your usage will be similar to Bollinger Bands. While not the same as in deviations much of the same principles might apply, especially with customization.
*Note: we have banned the word “trend” in the RexDog Trading Method.
Additional Usage Advice:
If price rips through the average your momentum bias should probably change. 80% of the time when price moves through the RexDog Average it will come back and test the area around average within 1-2 bars. 20% of the time it does not. The momentum is so strong in that direction so look for a 50-70% tests of the bar that impulse through the RexDog Average.
If you are using the RexDog Trading Method by default if the price is above the average and you are short you are in a fade trade. The momentum trade would be long. Of course reverse if price is below.
On multiple time frames. Of course, one timeframe can be long bias and a lower timeframe can be short bias. Which one do you use? Both—if your in a short trade using lower timeframe and with the bias of the average your in a momentum trade—but on the higher timeframe your aware you are essential fading the overall momentum.
Background:
Rex and I searched high and low for one simple thing. A moving average (or combination of some) that we could use to form our momentum bias that worked for all timeframes and all markets we trade.
We tried and tested them all. Even went down the path of ribbons and various other types of hybrid EMA /MA derivatives. Nothing had a high enough accuracy or mathematically was reliable that we could say with a high probability that it was on the right side of the momentum.
We almost stopped and landed on using the true and tested 200 MA—but we found through extensive tests that using the 200MA or EMA you’re often late to the party. Look you don’t need to be the first one in the trade but having a heads up sure helps.
To quote one of the best financial movies of the modern era—Margin Call:
“There are three ways to make a living in this business: be first, be smarter, or cheat… it sure is a hell of a lot easier to be first”. The RexDog Average used properly enables you to be first or damn near close.
Under the Hood:
This is so simple most reading this will discount it. You might even scoff and berate Rex for wasting your time. But you would be wrong. The RexDog Average has been tested across all markets—FOREX, Crypto, Equities, Futures (even tick charts), and even the Penguin population in Antarctica.
The RexDog Average is an average of 6 simple moving averages: 200, 100, 50, 24, 9, 5.
Yes, that’s it.
Cerca negli script per "北证50+股票+新浪财经"
S73 Colored RSIS73 Colored RSI
Color change is based on above or below 50 mid line.
When RSI is red (below 50), I like to look for shorts, and when RSI is green (above 50), I like to look for longs.
Added extra bands for 10, 20, 80, and 90, so you can easily spot way oversold and way overbought conditions.
I look at taking profit in the overbought, oversold zones.
Hope you like it.
BTC tips - bc1q5eyfentq9mvxmnceh605yd8fted5se5rcta9j7
LTC tips - LXhWhvN86wbLNvacaZpEzhVEcefyMDPtcQ
EMA Multi CrossThis is just a very simple EMA indicator that shows the 20, 50, 100, and 200 Exponential Moving Averages and plots some shapes when the lines cross from the 20 & 50, the 50 & 200, and the 100 & 200.
I know there are many EMA indicators out there, but I couldn't find one that let me edit the colors, values, and toggle the crossings. Maybe some of you will find usefulness in having some of these extra options too.
I use this occasionally on the Bitcoin 1 hour charts to see how the long-term trend is going.
Here are some ways to read EMA lines:
Slope: A rising moving average generally reflects a rising trend, while a falling moving average points to a falling trend.
Crosses: Seeing when a slower moving average crosses over/under a faster moving average can be an indication of a trend. If a shorter moving average remains above the longer moving average after they cross, the uptrend is considered intact. The trend is seen as down when the shorter moving average is below the longer moving average.
I prefer the slope of the two since crosses can cause some false positives if you are relying on it for trades.
CCI45/SMA50 indy for 30 min SP500SPCFD:SPX
The script determines entry points using 45 period CCI and 50 period SMA.
Long condition: When CCI crosses up 150 treshold while price above 50 period SMA
Short condition: When CCI crosses down -150 treshold while price below 50 period SMA
Trades are executed above/below 1 point of high/low for long/short positions. Stops are just 1 point below/above of SMA. After 4 points of profit stops should be tightened. If you do not plan to hold the position for a long time, it can produce quick profit within 5-6 bars namely 2.5-3 hour. Otherwise you can manage the trade using SMA as trailing stop. This can be treated as a strategy of scalping which turns out a trend trading eventually if conditions good.
Have a nice trading
Bixord: THV3 TRIXTHV3 Trix helps you catch reversals. But remember, don't go against the trend.
You can use an EMA 50 to detect the overall trend or any other trend indicator of your choice
How to use:
Go long when price is > 50 EMA and THV3 TRIX turns green
Go short when price is < 50 EMA and THV3 TRIX turns red
High/Low X Bars AgoThis indicator will plot a line on your chart that shows the highest high point between two previous points on the chart. It does this by reporting the highest point of X number of candles, and begins the look-back X number of candles ago.
Default candle group size is 50, and default look-back begins 50 candles back.
With these settings, the script will essentially plot the highest high point between the candle that printed 100 candles ago, and the candle that printed 50 candles ago.
Options are available for looking for the highest point, or lowest point, with configurable distances in the look-back and candle group ranges.
This script was custom built by Pine-Labs for a user who requested it.
Bjorgum RSIRSI output signals are displayed with color change to reflect the plotted value. This makes evaluating RSI conditions require but a glance.
RSI momentum buy signals are given on the cross of the 50 level, whereas sell signals are given on a fall below.
Default values a 5 period RSI which gives more timely entrances and exits for swing traders. This can be adjusted to the typical 14 period if the viewer desires slower signals.
Bullish and bearish area is shaded to accentuate the signal to the eye.
Excellent results can be found when coupling BJ RSI, with BJ TSI, and the reversal system using all 3 as a complete together simultaneously
Default color changes are plotted as a recorded value falls within the following levels:
RSI < 30 = green
RSI 30-50 = red
RSI 50-70 = blue
RSI 70-80 = yellow
RSI 80-90 = orange
RSI 90-100 = white hot
GAURs Polynomial Regression ChannelsThanks to The Sweet Lord , here is the Gaur's Polynomial Regression Channel.
Its a Polynomial Regression Channel but applied a little differently. Wont go into technical details much. Overview of options is as follows-
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Channel Options
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1. Degree of Polynomial: 1/2/3
Default = 3
Defines the degree of polynomials - 1,2,3. Note here, degree 1 will not be a straight line since its applied differently.
Try different degrees for different fits and market conditions.
2. Channel Length:
Default 30 (candles)
You can go beyond 100 or 200 candle lengths but smaller is the usual preference of Poly-Reg-channel traders. It all depends on market conditions and your style of trading. Do your research. I am usually comfortable with a range of 20-50 (in crypto markets).
3. Basis of Channel height/boundries: ATR/Manual
Default: ATR
ATR provides a dynamically adjusted entry/exit bounds of the channels. As ATR changes, the channel bounds also changes its height. It can also be fixed manually. Manual heights wont change automatically.
4. Basis of Y-Value: open/close/ sma / ema / wma /hilow
Default: close
Y- value is the y value of the (x,y) coordinates used while calculating the regression coefficients. Dont worry about it, its nothing serious.
5. Apply channel smoothning using sma?: Yes/No
Default: Yes
Without smoothning, the channel does not "look" good.
6. Shaded Area Height Percentage:
Its the extra margin for the channel. Its in percentage of the total height (defined 3 above) of channels. The shaded area provides an extra allowance for your entries or exits beyond the ATR or manual heights.
7. Plot RSI?: Yes/No
Default: Yes
Plots RSI (orange line in between the channel - its different from the dotted center line) considering the downbound of channels as 0 (oversold) and upbound of channels as 100 (overbought)
8. Plot 200 sma?: Yes/No
Default: Yes
It plots a 200 period fast (green) and 225 period slow (red) sma . I usually use two MAs. Its visually very easy to understand.
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Sample Strategy
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You can develop your own strategy with the channels. But following is just one of the ways you can trade.
Best Application: Ranging markets. But can be happily used in volatile conditions, with a little experience.
1. SMA: -- (this condition is optional really)
If green (200) is above red (225) go only long. If red is above green go only short. Defines long term trend of the market.
2. Channel slope: -- (this stuff needs practice/experience)
Depending on the channel slope, like if its tending to go up or down, you can choose to take only short or long trades. It defines short term momentum of the market.
3. ATR based heights:
Since its ATR based, the channel height are our natural entry and exit points.
Long:
When price touches lower shaded area, consider possible long entry. Exit on price entering the upper shaded area.
Short:
Enter on upper bound shaded area, exit on lower.
4. RSI:
For additional conformations. Again note, the RSI considers the lower bound of channel as 0 and upper as 100. But since, the channel moves up and down, the RSI will also move not only as RSI but also with the channel. Meaning, say if the RSI is valued at 50, then it will be near the center of the channel but since the center changes as time and price changes, the RSI valued at 50 at different times will not be at the same horizontal level respect to the graph, although it will be at the same level (center) respect to the channel.
5. PRC Channel Percentage label:
This label is at the lower side a bit ahead of the current candle. Provides you info on what is the channel percentage. This is especially helpful in crypto markets to gauge your possible percentage profit where profits can be much higher than forex or other instruments. It can also helps you select a suitable market/instrument if the channels are based on ATR.
6. Extra indicators:
I usually use stochastic along with this setup for extra conformations.
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Donate
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Use freely and donate generously if you find value. Your help will really help.
I had earlier provided BTC addresses for donations but it seems to violate TV House rules.
Hope they make TV coins redeemable in future.
- Pranav Joshi
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Extra Info
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// © cpranavjoshi
// special thanks to the "Trading View" people for providing this great platform for free
// ------------------------
// MATH
// ------------------------
// special thanks to an article on the web that provided layman friendly explanation of the maths
// unfortunately i wont be able to provide the link to that article owing to TV restrictions, though i sincerely would have liked to credit the author.
// Google search this phrase, and you should be able to get it in one of the first results - "polynomialregression Mathematics of Polynomial Regression"
// my regression math calculation is a further resolution upon the generalized matrix formula given in the that article.
// the generalized matrix looks scary but in fact its much simpler than one may assume
// the summation sign things are just float numbers that can be easily found out
// so we get a matrix with number of equations equal to the number of unknowns.
// e.g. if its a 3rd degree poly, it has 4 unknowns (c0,c1,c2,c3) with 4 equations as in the generalized matrix
// it can be resolved by simple algebra
// Note: the results have been verified with excel using same input data points.
// pine was difficult for me so i coded it in python first to verify
// ------------------------
// WHY
// ------------------------
// this script was coded because Pranav badly needed Polynomial channels (had used them in mt4 earlier)
// and at the time of this coding, i could not find any readily available script in the trading view public library ( tnx public)
// the complex math was probably the hurdle
// i m not good in maths, but by the Will of the Lord, i could resolve the issue with simple algebra and logic
// ------------------------
// PINE
// ------------------------
// i am just an average (even poor probably) programmer and pine script is not my language
// this is a humble attempt to write my first pine with whatever i could do quickly
// experts - feel free to develop if needed. have used some workarounds in drawings/plottings. rectify them if possible
//
//
// - Pranav Joshi
Triple EMA Scalper low lag stratHi all,
This strategy is based on the Amazing scalper for majors with risk management by SoftKill21
The change is in lines 11-20 where the sma's are replaced with Triple ema's to
lower the lag.
The original author is SoftKill21. His explanation is repeated below:
Best suited for 1M time frame and majors currency pairs.
Note that I tried it at 3M time frame.
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 equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA . and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA , and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
Amazing scalper for majors with risk managementHello,
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 equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA. and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA, and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
Hope you enjoy it :)
Traders Dynamic Index(RSI) w/ Bull&Bear Control ZonesMomentum (RSI) is one of the most commonly used indicators for trading, but the vast majority of traders who use it, simply apply it as an oscillator to measure overbought and oversold conditions. However, momentum is much more complex than that and using a basic RSI fails to highlight these complexities.
What this highlights are some of the areas/zones that many people may not even know about or are unaware what the RSI can actually reveal about a particular trend.
What this indicator is showing:
Fast moving RSI (Green) - 1 period
Slow moving RSI (Red) - 9 period
Bollinger Bands
Relative Strength: 1 - 100
Bearish Control Zone: 30(Below) - 45
Bullish Control Zone: 60 - 70 (Above)
How this identifies trends:
Bear Market(Bearish Control Zone):
-Support: 20(Below) - 30
-Resistance: 55 - 65
-Momentum will test resistance but will fail to hold support at 50
Bull Market(Bullish Control Zone):
-Support: 45 - 50
-Resistance: 80 - 90(Above)
-Momentum will test support but will not continue past the 45 support
How this identifies reversals:
If a market is bullish, but loses support at 45 and tests 30, it has begun reversal. If a market is bearish, but breaks 60 and tests 70, it has begun reversal.
-A bull market reversal is confirmed if it finds resistance at 60 after testing bearish support
-A bear market reversal is confirmed if it finds support at 50 after testing bullish resistance
Slow & Fast RSI w/ Boll Bands:
-The Slow and Fast RSI crossovers will act as Intermediate trends within the Macro trend - Fast crosses slow, bullish. Slow cross fast, bearish.
-Use in confluence with the Macro trend.
-While under Bearish Control, the Slow RSI will act as resistance for the Fast RSI.
-While under Bullish Control, the Slow RSI will act as support for the Fast RSI.
-The two will have an impulsive crossover when the Macro trend reverses.
-The Bollinger Bands will act as a volatility gauge for potential approaching tests of Support & Resistances. (Expansions & Contractions)
This is an analog of TDIGM (GoldMinds)
-Added Bullish/Bearish Control Zones.
-Changed Fast RSI to Green and Slow RSI to Red.
CHK 3TIMEFRAME RSI OB-OS SCREENER Sharing RSI Screener. It shows RSI Situation for 12 Stocks.
User can replace the stocks as per their respective exchange
User can select 3 Time Frames of his/her choice
User can change the OverBought / OverSold Values to 70/30. This indicator uses 80/20.
RSI BELOW 50 = PINK COLOR
OVERSOLD = MAROON COLOR
RSI ABOVE 50 = LIGHT GREEN COLOR
OVERBOUGHT = DARK GREEN COLOR
For Example : This Chart and the Indicator snapshot shows, the stock BPCL is Oversold for the 30 Min TimeFrame
For Example : The indicator snapshot shows, the stocks HDFC and AUBANK have their RSI's below 50 across the 30 Min / 60 Min / 120 Min
TimeFrames
Please give it some time to load, and every time you change Resolution.
Add another one, to have a screener screening 24 stocks :)
TKP RSI BAR COLORThis script was influenced by Scilentor's- "RSI Bar Colors / Scilentor". I improved upon the Idea by adding the ability to change the full range of RSI (Between 0 through 100) to any color you want within 5 point increments.
Traditional use of RSI is to use it as an "Overbought" and "Oversold" indicator. A more uncommon/unknown use, especially among new traders, is to use is as a "Momentum" indicator. I personally like to look for stocks where RSI>50
Default settings are set to color all bars red when below 50, and white when above 50, but try for your self setting different colors above 70, and below 30 to better see overbought and oversold conditions. I got a lot of requests for this script and I hope it helps you in your trading journey :-)
Ultimate Moving Averages (SMA & EMA)Welcome to the Ultimate Moving Average indicator.
Never again spend time looking for EMA / SMA indicators when you can have them all in this single indicator.
Options include :
Daily Chart: Classic Golden / Death Cross - 50/D and 200/D SMA
Daily Chart: 3-day Golden / Death Cross - 150/D and 600/D SMA
Daily Chart: 140/D SMA
Daily Chart: 700/D SMA
Daily Chart: 1458/D SMA
Daily Chart: Golden Ratio Multiplier
Any Chart: Scalping
9 SMA
10 SMA
20 SMA
21 SMA
30 SMA
34 SMA
50 SMA
80 SMA
100 SMA
200 SMA
8 EMA
10 EMA
13 EMA
20 EMA
21 EMA
26 EMA
30 EMA
34 EMA
50 EMA
55 EMA
80 EMA
89 EMA
100 EMA
200 EMA
Relative Strength Index - JDRThis is the basic RSI, with more levels. The 80, 50 & 20 levels has been added. When the RSI is above the 50 level, it can be considered to be a uptrend. When the RSI is below the 50 level, it can be considered to be in a downtrend. However this is just an indication, price action is the best way to determine whether price is in an uptrend or downtrend.
Quad CCI ContainmentThe Quad CCI is a trend identification indicator described by Mark Whistler in his book 'Volatility Illuminated'. The reason for using four separate CCI channels is so that we can:
Prevent ourselves from taking positions against momentum.
Time our trades with short-term 'wrist-rocket' thrust from the larger market momentum.
Clearly determine whether the trend is up, down, or sideways.
In his book, Whistler refers to four CCI channels as 'The Four Horsemen'. The 100 and 200 are like big burly swordsmen, which are hard to budge without significant force. The 50-period CCI is more like the guy who's fast on his feet, but still tough enough to take on the big dudes. And the 14-period is similar to the scout of the party. The fastest of the bunch, but also the first to turn-tail at any sign of danger.
Basically, this means that when we see the 100 and 200-CCI stay above the 0 line, we can infer there really isn't any reason for them to move out of their range. The 50-period CCI will sometimes venture over the 0-line, before the hefty battlers. However, the 14-period will often venture (quickly) way out into the yonder, and he will always return to tell his pals what he's found. Crossing back over the 100-line, traders can take 'rocket trend reentry' positions (usually on the median); however, we still want to keep an eye on the flighty 14-period CCI character. If he crosses back over the +100 or -100 level he was just scouting, it means the larger weighted CCI lines could soon to follow too, as the whole bunch runs from larger momentum on the way.
Traders seeking to take a position 'with the trend' can attempt to purchase pullbacks on the mean if:
Longer-term CCI (at least the 200 and 100) are above zero.
The 50-period CCI is not below -100.
The 14-period travels back up from underneath the -100 area.
