Channel Based Zigzag [HeWhoMustNotBeNamed]🎲 Concept
Zigzag is built based on the price and number of offset bars. But, in this experiment, we build zigzag based on different bands such as Bollinger Band, Keltner Channel and Donchian Channel. The process is simple:
🎯 Derive bands based on input parameters
🎯 High of a bar is considered as pivot high only if the high price is above or equal to upper band.
🎯 Similarly low of a bar is considered as pivot low only if low price is below or equal to lower band.
🎯 Adding the pivot high/low follows same logic as that of regular zigzag where pivot high is always followed by pivot low and vice versa.
🎯 If the new pivot added is of same direction as that of last pivot, then both pivots are compared with each other and only the extreme one is kept. (Highest in case of pivot high and lowest in case of pivot low)
🎯 If a bar has both pivot high and pivot low - pivot with same direction as previous pivot is added to the list first before adding the pivot with opposite direction.
🎲 Use Cases
Can be used for pattern recognition algorithms instead of standard zigzag. This will help derive patterns which are relative to bands and channels.
Example: John Bollinger explains how to manually scan double tap using Bollinger Bands in this video: www.youtube.com This modified zigzag base can be used to achieve the same using algorithmic means.
🎲 Settings
Few simple configurations which will let you select the band properties. Notice that there is no zigzag length here. All the calculations depend on the bands.
With bands display, indicator looks something like this
Note that pivots do not always represent highest/lowest prices. They represent highest/lowest price relative to bands.
As mentioned many times, application of zigzag is not for buying at lower price and selling at higher price. It is mainly used for pattern recognition either manually or via algorithms. Lets build new Harmonic, Chart patterns, Trend Lines using the new zigzag?
Cerca negli script per "trend"
Next Pivot Projection [Trendoscope]Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot)
🎲 Previous experiments
1. Divergence-Backtester
2. Divergence-Backtester-V2
🎲 Additions
Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of average ratio for each levels and average bars.
Based on these data, we try to calculate the next pivot projections including possible bar and price.
Cloud covering the candles indicate historical levels of average HH, HL, LH, LL projections.
Hover on projection labels to find more details in tooltips.
🎲 Overall method in a nutshell
🎲 Going bit deeper
🎯 Unconfirmed Pivot and its projection - Last pivot of the zigzag is always unconfirmed. Meaning, it can potentially repaint based on further price movements. But, projection of the unconfirmed pivot will not change as it will be based on previous two pivots - both of which are confirmed.
🎯 Next Pivot Projection - Next pivot is projected based on last two pivots - which include last unconfirmed pivot. Hence, these projections can potentially repaint based on the last pivot repaint.
🎯 Historical projections displayed as cloud - Historical projection values are displayed as cloud around pivots.
A cloud above represents area from average lower high range to average higher high range. Cloud color is green if average ratio of pivot high is more than 1. Red Otherwise.
A cloud below represents area from average higher low range to average lower low range. Cloud color is red if average ratio of pivot high is more than 1. Green otherwise
Crypto Volume/Strength ComparatorHello Traders,
Here is an attempt to perform comparative analysis between top cryptos based on strength (oscillator) and volume. Methodology used here is similar to Magic Number formula described in the post : Enhanced Magic Formula for fundamental analysis . But, instead of using fundamentals, we are making use of few technicals to derive similar outcome. Usage of the available stats will not be same as Magic number since we are using technicals.
⬜ Process
▶ Get crypto exchange based on prefix of instrument being used.
▶ For the given exchange, get data for all the tickers available in input fields.
▶ Calculate Oscillator, Momentum based on price for each tickers.
▶ Calculate Oscillator, Momentum based on volume for each tickers.
▶ Calculate Volatility for each tickers.
▶ Rank Price-Oscillator, Price-Momentum, Volume-Oscillator, Volume-Momentum, Volatility for each tickers.
▶ Calculate combined rank by adding up individual ranks.
▶ Calculate movement of rankings from bar to bar
▶ Sort tickers based on rank and populate them on table. Display direction of rankings.
⬜ Components
Display components are as follows:
⬜ Settings
Settings are pretty simple and straightforward
⬜ Calculations
▶ Oscillators : High values of oscillators are considered as ideal as the process is intended towards finding trend.
▶ Momentum : Momentum is calculated on the basis of Squeeze Momentum Indicator by @LazyBear.
▶ Volatility : Volatility is calculated on the basis of Williams Vix Fix by @ChrisMoody. Here too since we are in trend following mode, lower vix fix is considered ideal.
⬜ Few Notes
Tickers will show data only if selected exchange has them. Some tickers are not available in all exchanges. In that case, it will show NAN. This is kind of unavoidable as we need to have fixed size arrays for any calculations.
Indicator works only on crypto tickers which has valid exchange.
Tickers move through the rankings in real time. Background of all stats are based on gradient from green to red.
Tickers on top may not always have better long opportunity or tickers at bottom may not always be optimal for shorting. We need to consider how long the instrument may stay in the position or how fast it is moving in opposite direction. Hence, directions of the ranking movement are also shown on the table.
MA Strength StrategyThis is based on Aligned Moving Average Index published earlier:
But, instead of scoring trend based on how many moving averages are aligned, we are considering upside score. Higher scores are assigned for slower moving averages and lower scores for faster moving averages to give more stress to long term trend.
Buy/Sell conditions are based on moving average crossover on the upside score sum of Loopback days.
This is a very rough idea which seems to have been working ok on long only trades. Can be further improved.
TrendRangeIdentifier V2This is the enhanced version of TrendRangeIdentifier:
Highlights of this version are:
Different ATR multiplier used based on trend.
Supertrend is used for trend bias for determining which ATR to use on which side
Crossover is based on option selected. It can be either high, low or close price which is determined by crossover type selected.
Remaining parameters remain same as that of original indicator.
[PX] Technical TrendbreakThis script identifies a technical break of the current trend. Its shows when the swing point before the most recent extreme (high or low) is taken out. The indicator can help you to identify when the current trend is weakening or momentum is slowing down. It is not a standalone script, that you should use for automated trading. It works best when a clear trend is in progress and new extremes are made (such as all-time-high, all-time-low). It should be avoided for sideways movements.
The length parameter determines how many candles should be taken into consideration for calculation of the extremes.
If you are looking for someone to develop your own indicator or trading strategy, don't hesitate to get in touch with me here on TradingView or below.
Contact:
www.pascal-simon.de
info@pascal-simon.de
Tri-Align Crypto Trend (EMA + Slope)**Tri-Align Crypto Trend (EMA + Slope)**
Quickly see whether your coin is trending *with* Bitcoin. The indicator evaluates three pairs—**COIN/USDT**, **BTC/USDT**, and **COIN/BTC**—using a fast/slow EMA crossover plus the fast EMA’s slope. Each pair is tagged **Bullish / Bearish / Neutral** in a compact, color-coded table. Alerts fire when **all three** trends align (all bullish or all bearish).
**How to use**
1. Add the indicator to any crypto chart.
2. Set the three symbols (defaults: BNB/USDT, BTC/USDT, BNB/BTC) and optionally choose a signal timeframe.
3. Tune **Fast EMA**, **Slow EMA**, **Slope Lookback**, and **Min |Slope| %** to filter noise and require stronger momentum.
4. Create alerts: *Add alert →* choose the indicator and select **All Three Bullish**, **All Three Bearish**, or **All Three Aligned**.
**Logic**
* Bullish: `EMA_fast > EMA_slow` **and** fast EMA slope ≥ threshold
* Bearish: `EMA_fast < EMA_slow` **and** fast EMA slope ≤ −threshold
* Otherwise: Neutral
Tip: The **COIN/BTC** row reflects relative strength vs BTC—use it to avoid chasing coins that lag the benchmark. (For educational purposes; not financial advice.)
Tri-Align Crypto Trend (EMA + Slope)**Tri-Align Crypto Trend (EMA + Slope)**
Quickly see whether your coin is trending *with* Bitcoin. The indicator evaluates three pairs—**COIN/USDT**, **BTC/USDT**, and **COIN/BTC**—using a fast/slow EMA crossover plus the fast EMA’s slope. Each pair is tagged **Bullish / Bearish / Neutral** in a compact, color-coded table. Alerts fire when **all three** trends align (all bullish or all bearish).
**How to use**
1. Add the indicator to any crypto chart.
2. Set the three symbols (defaults: BNB/USDT, BTC/USDT, BNB/BTC) and optionally choose a signal timeframe.
3. Tune **Fast EMA**, **Slow EMA**, **Slope Lookback**, and **Min |Slope| %** to filter noise and require stronger momentum.
4. Create alerts: *Add alert →* choose the indicator and select **All Three Bullish**, **All Three Bearish**, or **All Three Aligned**.
**Logic**
* Bullish: `EMA_fast > EMA_slow` **and** fast EMA slope ≥ threshold
* Bearish: `EMA_fast < EMA_slow` **and** fast EMA slope ≤ −threshold
* Otherwise: Neutral
Tip: The **COIN/BTC** row reflects relative strength vs BTC—use it to avoid chasing coins that lag the benchmark. (For educational purposes; not financial advice.)
EMA Trend ScreenerThe EMA Trend Screener is a multi-symbol dashboard that quickly shows the trend direction of up to 40 cryptocurrencies (or any selected assets) based on their relationship to a chosen Exponential Moving Average (EMA).
For each symbol, the script checks whether the current price is above or below the specified EMA (default 75).
• Green = Uptrend (price above EMA)
• Red = Downtrend (price below EMA)
All results are displayed in a compact on-chart table, updating in real time for your selected timeframe.
Main benefits:
• Instantly monitor trend direction across multiple coins or markets
• Fully customizable symbol list (up to 40 assets)
• Adjustable EMA length for different trading styles
• Works on any timeframe
• Lightweight and efficient visual summary
In short:
EMA Trend Screener gives traders a fast, clean overview of which markets are trending up or down — ideal for trend following, momentum filtering, or trade selection.
Сreated with vibecoding using ChatGPT and Claude.
Multi-Timeframe Trend Table - EMA Based Trend Analysis📊 Stay Aligned with Higher Timeframe Trends While Scalping
This powerful indicator displays real-time trend direction for 1-hour and 4-hour timeframes in a clean, easy-to-read table format. Perfect for traders who want to align their short-term trades with higher timeframe momentum.
🎯 Key Features
Multi-Timeframe Analysis: Monitor 1H and 4H trends while trading on any timeframe (3min, 5min, 15min, etc.)
EMA-Based Logic: Uses proven EMA 50 and EMA 100 crossover methodology
Visual Clarity: Color-coded table with green (uptrend) and red (downtrend) indicators
Customizable Display: Toggle EMA values and adjust table position
Real-Time Updates: Automatically refreshes with each bar close
Lightweight: Minimal resource usage with efficient data requests
📈 How It Works
The indicator determines trend direction using a simple but effective rule:
UPTREND: Price is above both EMA 50 AND EMA 100
DOWNTREND: Price is below either EMA 50 OR EMA 100
🔧 Settings
Show EMA Values: Display actual EMA 50/100 values in the table
Table Position: Choose from 4 corner positions (Top Right, Top Left, Bottom Right, Bottom Left)
Plot Current EMAs: Optional display of EMA lines on your current chart
💡 Trading Applications
✅ Trend Confirmation: Ensure your trades align with higher timeframe direction
✅ Risk Management: Avoid counter-trend trades in strong directional markets
✅ Entry Timing: Use lower timeframe for entries while respecting higher timeframe bias
✅ Scalping Enhancement: Perfect for 1-5 minute scalping with higher timeframe context
🎨 Visual Design
Clean, professional table design
Intuitive color coding (Green = Up, Red = Down)
Compact size that doesn't obstruct your chart
Clear typography for quick reading
📋 Perfect For
Day traders and scalpers
Swing traders seeking trend confirmation
Multi-timeframe analysis enthusiasts
Traders who want simple, effective trend identification
🚀 Easy Setup
Add to any chart (works on all timeframes)
Customize table position and settings
Start trading with higher timeframe awareness
Watch the table update automatically
No complex configurations needed - just add and trade!
This indicator is designed for educational and informational purposes. Always combine with proper risk management and your own analysis.
Renko Trend Indicator with High/LowRenko Trend Indicator with High/Low
Version: 1.0
Pine Script Version: 5
Type: Indicator
Overlay: Yes
Description
The Renko Trend Indicator with High/Low provides a visual representation of market trends using Renko-style calculations based on either a fixed brick size or ATR (Average True Range). It helps traders identify trend direction, potential reversals, and key support/resistance levels.
The indicator plots Renko-based trend signals directly on your chart and provides a colored Renko close line, making trend analysis simpler and clearer.
Features
Customizable Renko Brick Size
Fixed brick size or dynamic ATR-based bricks.
Step input for precise control over brick size.
Trend Identification
Detects uptrend and downtrend based on Renko logic.
Plots visual signals for trend direction:
Green triangle below bars → Uptrend
Red triangle above bars → Downtrend
Renko Close Line
Shows the Renko-adjusted closing price as a line.
Line color changes with trend (green for uptrend, red for downtrend).
Inputs
Name Type Default Description
Brick Size float 50 Size of Renko bricks (price units)
Use ATR for Brick Size? bool false Enable ATR-based dynamic brick sizing
ATR Period int 14 Number of periods for ATR calculation if enabled
How It Works
The indicator calculates Renko bricks using either a fixed size or ATR.
It maintains internal variables:
renko_close → Current Renko price
renko_high → Highest point of the current trend
renko_low → Lowest point of the current trend
trend → Current trend direction (1 for uptrend, -1 for downtrend)
last_extreme → Last extreme point to detect trend reversal
When price moves above or below the Renko threshold, the trend is updated.
Trend signals are plotted on the chart for easy visualization.
Plots
Plot Name Description Color
Up Trend Triangle below bar when trend is up Green
Down Trend Triangle above bar when trend is down Red
Renko Close Line connecting Renko-adjusted close prices Green (up) / Red (down)
Usage
Add the indicator to any chart with your preferred timeframe.
Configure the brick size or enable ATR-based bricks for dynamic calculation.
Observe the trend triangles and Renko line to identify trend direction and potential reversals.
Can be used in combination with other indicators or strategies for trading decisions.
Notes
This indicator is for analysis purposes only and does not place trades automatically.
ATR-based bricks adapt to market volatility, while fixed bricks provide a static reference.
Works best on liquid markets with regular price movements.
Example Chart
Green triangles below bars signal a buying trend.
Red triangles above bars signal a selling trend.
The colored Renko line shows the trend progression visually.
Author
DB
Pine Script Version: 5
License: MIT
Jimb0ws Strategy Trending Info PanelsJimb0ws Strategy — Golden Candles + Bubble Zones
A price-action/EMA strategy built for FX scalping and intraday swings. It colors Golden Candles when strong bodies touch/skim EMA20/50 in trend (“bubble”) and optionally highlights Robin Candles (break of the prior golden body). Signals are throttled per bubble and filtered by multiple higher-timeframe conditions.
How it trades
Trend bubbles: Uses EMA20/50/100/200 alignment on the chart timeframe; also reads 1H & 4H bubbles for context.
Entries: BUY/SELL labels appear only when a golden setup aligns with fractal/structure checks and all active filters pass.
Stops/Targets (strategy mode):
• Longs: SL = EMA100 if EMA200 > EMA100, else SL = EMA200.
• Shorts: SL = EMA100 if EMA200 < EMA100, else SL = EMA200.
• TP = RR × risk (default 2R).
An on-chart SL/TP info label prints the exact prices at each signal.
Risk filter options: disable beyond 1H EMA50, proximity band around 1H EMA50, wick overdrive veto, session filter (toggle on/off), max signals per bubble.
Visuals & tools
Colored EMAs (20/50/100/200), bubble zone background.
4H info panel (state, start time, duration); Prev-Day ATR panel sits above it.
Optional 1H info panel and consolidation warning.
Fractal markers (size selectable).
Alerts
1H bubble state change (Long/Short/Consolidation).
BUY/SELL signals.
Inputs worth checking
Session & timezone, min body size, pip tolerances, proximity/WOD filters, max signals per bubble, RR, SL/TP label offset.
Notes
Best on FX pairs; pip = mintick × 10. Backtest and adjust to your instrument and session. This is not financial advice.
Gemini Trend Following SystemStrategy Description: The Gemini Trend Following System
Core Philosophy
This is a long-term trend-following system designed for a position trader or a patient swing trader, not a day trader. The fundamental goal is to capture the majority of a stock's major, multi-month or even multi-year uptrend.
The core principle is: "Buy weakness in a confirmed uptrend, and sell only when the uptrend's structure is fundamentally broken."
It operates on the belief that it's more profitable to ride a durable trend than to chase short-term breakouts or worry about daily price fluctuations. It prioritizes staying in a winning trade over frequent trading.
The Three Pillars of the Strategy
The script's logic is built on three distinct pillars, processed in order:
1. The Regime Filter: "Is This Stock in a Healthy Uptrend?"
Before even considering a trade, the script acts as a strict gatekeeper. It will only "watch" a stock if it meets all the criteria of a healthy, long-term uptrend. This is the most important part of the strategy as it filters out weak or speculative stocks.
A stock passes this filter if:
The 50-day Simple Moving Average (SMA) is above the 200-day SMA. This is the classic definition of a "Golden Cross" state, indicating the medium-term trend is stronger than the long-term trend—a hallmark of a bull market for the stock.
The stock's performance over the last year is positive. The Rate of Change (ROC) must be above a minimum threshold (e.g., 15%). This ensures we are only looking at stocks that have already demonstrated significant strength.
The 200-day SMA itself is rising. This is a crucial check to ensure the very foundation of the trend is solid and not flattening out or beginning to decline.
If a stock doesn't meet these conditions, the script ignores it completely.
2. The Entry Trigger: "When to Buy the Dip"
Once a stock is confirmed to be in a healthy uptrend, the script does not buy immediately. Instead, it patiently waits for a point of lower risk and higher potential reward—a pullback.
The entry trigger is a specific, two-step sequence:
The stock price first dips and closes below its 50-day SMA. This signifies a period of temporary weakness or profit-taking.
The price then recovers and closes back above the 50-day SMA within a short period (10 bars).
This sequence is a powerful signal. It suggests that institutional buyers view the 50-day SMA as a key support level and have stepped in to defend it, overpowering the sellers. The entry occurs at this point of confirmed support, marking the likely resumption of the uptrend. On the chart, this event is highlighted with a teal background.
3. The Exit Strategy: "When is the Trend Over?"
The exit logic is designed to keep you in the trade as long as possible and only sell when the trend's character has fundamentally changed. It uses a dual-exit system:
Primary Exit (Trend Failure): The main reason to sell is a "Death Cross"—when the 50-day SMA crosses below the 200-day SMA. This is a robust, albeit lagging, signal that the long-term uptrend is over and a bearish market structure is taking hold. This exit condition is designed to ignore normal market corrections and only trigger when the underlying trend has truly broken. On the chart, this is highlighted with a maroon background.
Safety-Net Exit (Catastrophic Stop-Loss): To protect against a sudden market crash or a company-specific disaster, a "safety-net" stop-loss is placed at the time of entry. This stop is set far below the entry price, typically underneath the 200-day SMA. It is a "just-in-case" measure that should only be triggered in a severe and rapid decline, protecting your capital from an unexpected black swan event.
Who is This Strategy For?
Position Traders: Investors who are comfortable holding a stock for many months to over a year.
Patient Swing Traders: Traders who want to capture large price swings over weeks and months, not days.
Investors using a Rules-Based Approach: Anyone looking to apply a disciplined, non-emotional system to their long-term portfolio.
Ideal Market Conditions
This strategy excels in markets with clear, durable trends. It performs best on strong, leading stocks during a sustained bull market. It will underperform significantly or generate losses in choppy, sideways, or range-bound markets, where the moving averages will frequently cross back and forth, leading to "whipsaw" trades.
Simple Auto Trend LinesOpinionated way of drawing automatic trend lines. It draws automatically trend lines based on specified top/bottom strengths with multiple sets in order to keep track of multiple levels of interest.
Has the ability to hide invalidated trendlines if price moves away from it.
Donchian Channel Trend Tracker by KellyLikesCrypto### Overview
This indicator is written in Pine Script® (version 6) and is designed to overlay on a price chart. It combines the classic Donchian Channel—a tool popular among trend-following traders—with additional trend-tracking features. By identifying when the channel’s highs and lows are making new extreme values, the indicator helps signal potential trend shifts. It is especially suited for scalpers using 1-hour charts, as it provides clear, actionable signals for rapid entry and exit decisions.
---
### Key Components & Inputs
1. **User Inputs:**
- **Length:** The period over which the indicator calculates the highest high and the lowest low (default is 27 bars). This value can be adjusted to smooth or tighten the channel based on the trader’s preference.
- **Offset:** A parameter allowing the plotted lines to be shifted left or right on the chart, providing flexibility in aligning the indicator with price action.
2. **Donchian Channel Calculations:**
- **Lower Bound (`lower`):** Calculated using `ta.lowest(length)`, it identifies the lowest low over the defined period.
- **Upper Bound (`upper`):** Determined by `ta.highest(length)`, capturing the highest high during the same period.
- **Basis:** The midline of the channel, computed as the average of the upper and lower bounds. This line can serve as an equilibrium or reference point in the trend analysis.
---
### Visual Representation
- **Plotting the Channels:**
- The **basis** is plotted in a standout orange color (#FF6D00) to make the central trend reference easily visible.
- The **upper** and **lower** bounds are plotted in blue (#2962FF), creating clear boundaries for the price action.
- The area between these two lines is filled with a semi-transparent blue, enhancing the visual context of the channel and helping traders quickly assess whether price is near an extreme or within a normal range.
---
### Trend Identification Logic
Beyond plotting the basic Donchian Channel, the indicator introduces additional logic to track short-term trend changes:
1. **Higher Highs and Higher Lows:**
- **Higher High (`higherHigh`):** This condition checks if the current upper bound is greater than the previous bar’s upper bound, signaling a potential upward push.
- **Higher Low (`higherLow`):** Similarly, it checks if the current lower bound exceeds the previous bar’s lower bound, reinforcing an upward trend if the support level is rising.
2. **Lower Highs and Lower Lows:**
- **Lower High (`lowerHigh`):** This evaluates if the current upper bound is less than that of the previous bar, indicating a possible downward shift.
- **Lower Low (`lowerLow`):** It verifies if the current lower bound is lower than the previous bar’s, further confirming a bearish tendency.
The use of the `nz()` function ensures that on the very first bar—where no previous data exists—the code handles the values gracefully without causing errors.
---
### Visual Markers for Trend Signals
To make trend signals immediately apparent:
- **Markers are Plotted on the Chart:**
- **Green Labels ("HH" and "HL"):** These are placed on the chart when the indicator detects higher highs or higher lows, suggesting bullish momentum.
- **Red Labels ("LH" and "LL"):** These markers are shown when lower highs or lower lows are detected, indicating bearish pressure.
Each label is plotted either above or below the corresponding bar, ensuring that the chart remains uncluttered and that the trend signals are clear.
---
### Scalping Strategy on 1-Hour Charts
This indicator is specifically tailored for scalping strategies on 1-hour charts. Scalping involves capturing small, rapid profits from short-term price movements, and the clear trend signals provided by this tool can help traders pinpoint optimal entry and exit points. Here’s how it integrates into a scalping strategy:
- **Quick Trend Identification:** The green markers (HH and HL) suggest bullish conditions ideal for quick long entries, while the red markers (LH and LL) signal bearish conditions suitable for short entries.
- **Timing and Precision:** On a 1-hour chart, the indicator’s sensitivity to higher highs and lower lows allows traders to make rapid decisions aligned with the prevailing trend.
- **Complementary Analysis:** While the indicator provides fast signals, it is recommended to use it alongside additional tools (like oscillators or volume analysis) and strict risk management practices, ensuring that scalpers can confirm entries and exits efficiently.
By leveraging the indicator’s visual cues within a broader scalping framework, traders can enhance their ability to capture quick moves, thus optimizing their overall strategy on 1-hour timeframes.
---
### Conclusion
The “Donchian Channel Trend Tracker by KellyLikesCrypto” is a powerful tool for visualizing price extremes and trend direction. By combining the classical Donchian Channel with additional trend-tracking markers, it offers traders a clear and immediate way to assess whether the market is gaining bullish momentum or beginning to turn bearish. Its customizable parameters and clear visual signals make it particularly effective for a scalping strategy on 1-hour charts, where rapid decision-making is crucial.
This detailed breakdown should provide a comprehensive understanding of how each component of the indicator works together and how it can be effectively integrated into a short-term scalping strategy.
Trading the TrendTrading the Trend Indicator by Andrew Abraham (TASC, 1998)
The Trading the Trend indicator, developed by Andrew Abraham, combines volatility and trend-following principles to identify market direction. It uses a 21-period weighted average of the True Range (ATR) to measure volatility and define uptrends and downtrends.
Calculation: The True Range (highest high minus lowest low) is smoothed using a 21-period weighted moving average. This forms the basis for the trend filter, setting dynamic thresholds for trend identification.
Uptrend: Higher highs are confirmed when price stays above the upper threshold, signaling long opportunities.
Downtrend: Lower lows are identified when price stays below the lower threshold, favoring short positions.
This system emphasizes trading only in the direction of the prevailing trend, filtering out market noise and focusing on sustained price movements.
The trendline changes her color. When there is an uptrend the trendline is blue and when the trend is downward the trendline is yellow.
Coins Trend Tracker HTThe Coins Trend Tracker HT script provides a powerful tool for monitoring and comparing the trend signals of multiple cryptocurrencies based on their Exponential Moving Averages (EMAs). This script is particularly useful for traders who want to keep track of multiple coins across different timeframes and identify potential trading opportunities based on EMA crossovers.
Features:
Customizable Coin Selection: Users can select up to four different cryptocurrencies to monitor.
Flexible Timeframes: Users can choose two different timeframes for EMA calculations to suit their trading strategies.
Visual Trend Indicators: The script displays trend indicators (🚀 for bullish and 💀 for bearish) based on the EMA crossover status for each coin and timeframe.
Conditional Cell Coloring: Table cells are color-coded based on the EMA crossover conditions, helping users quickly identify bullish or bearish trends.
Opacity Control: Users can adjust the opacity of the table cell colors for better visualization on the chart.
How It Works:
Coin Selection: Users can select up to four different cryptocurrencies to monitor by entering their ticker symbols.
Timeframe Selection: Users can select two different timeframes for the EMA calculations. The script calculates the 5-period and 20-period EMAs for each coin and timeframe.
EMA Crossovers: The script checks for EMA crossovers (EMA 5 crossing above or below EMA 20) and updates the trend indicators and cell colors accordingly.
Table Display: The script displays a table with the selected coins, their current prices, and trend indicators for the chosen timeframes. The background color of the table cells changes based on the EMA crossover status.
Script Logic:
The get_price function retrieves the latest price of the selected coin for the specified timeframe.
The get_ema_cross function calculates the 5-period and 20-period EMAs and checks for crossover conditions.
The fill_row function populates the table with the coin data, trend indicators, and conditionally colored cells.
The table header and data rows are updated based on the user-selected coins, timeframes, and EMA crossover conditions.
Usage:
Add the script to your TradingView chart.
Customize the coin selection, timeframes, text color, default cell color, bullish and bearish cross colors, and cell opacity through the input settings.
The script will display a table with the selected coins, their current prices, and trend indicators based on the EMA crossovers for the chosen timeframes.
Aleem Trend Supertrend EMA Title: "Supertrend and 200 EMA Crossover Strategy"
Description:
This script is designed to provide traders with a robust and original trading strategy by combining the Supertrend indicator with a 200-period Exponential Moving Average (EMA). The core concept is to utilize the strengths of both indicators to determine optimal entry and exit points.
The Supertrend indicator is well-regarded for its precision in signaling trend reversals by considering the volatility of the market, as measured by the Average True Range (ATR). It is particularly useful for identifying ongoing trends and potential reversals.
The 200 EMA is a widely-used indicator that many traders look to as a determinant of the long-term trend. When the price is above the 200 EMA, the overall market sentiment is considered bullish, and when below, bearish.
By combining these two, the script generates a Buy signal under the following conditions:
When the Supertrend turns bullish (color changes from red to green) with the closing price above the 200 EMA, or
When the price crosses above the 200 EMA while the Supertrend is already green.
A Sell signal is generated when:
The Supertrend turns bearish (color changes from green to red) with the closing price below the 200 EMA, or
The price crosses below the 200 EMA while the Supertrend is already red.
To avoid repetitive signals and to maintain clarity, the script has been enhanced with a feature to prevent multiple consecutive Buy or Sell signals. Once a Buy or Sell signal is generated, the script will not produce another identical signal until an opposing signal or an exit condition is met.
Exit signals for both Buy and Sell positions are provided to indicate when the trend is weakening or reversing, based on the Supertrend's color change in relation to the 200 EMA.
This strategy is flexible and can be utilized across various time frames and asset classes. It aims to aid traders in making more informed decisions by highlighting potential reversals and continuations in the market trend.
Usage:
To use this script, traders should observe the Buy and Sell signals as potential entry points. Exit signals should be taken as prompts to close positions or to protect profits with stop-loss adjustments. As with all strategies, it's recommended to use this in conjunction with other analysis methods and to backtest thoroughly before live implementation.
Multi-Timeframe Trend TableThis is the first publication of an indicator to show trend on the higher timeframes and is an English version of the "Mtf Supertrend Table" coded by FxTraderProAsistan. Credit goes to him for the genesis of this work. I updated the original code to Pinescript V.5 and modified it to suit my needs. Please enjoy.
This trend table indicator has the following features:
1. Trend Mode : Option to select the method of determining trend, using the Pinescript built-in ta.supertrend function or finding trend based on the cross of 20 and 50 EMA
2. 6 trend timeframes of your choosing, with show/hide
3. Optional feature to include the DXY (US dollar) trends, for the timeframes chosen. Useful for instruments that react to changes in the US dollar
4. ATR settings to adjust the Supertrend parameters. Default values are an ATR length of 10 and a Factor of 3
Pivot TrendLine with typeIntro
The simplest version of the indicator automatically draws trendLine on your charts, with newest Type syntax.
Type is some thing like type or interface in typescript or Structure in Clang.
with type key word you can write more clear code in pinescript.
Usage
You can change the looking back length settings to get more proper lines you want.
There is also a switch to turn off the historical trendlines .
You can use this to build more advanced indicators or strategies.
Mackrani RSI Trend WITH COLORSMACKRANI RSI WITH COLORS
Hull Trend is a hybrid indicator with RSI of HULL Signal. The Hull MA is combined with RSI to see if the Hull MA Buy/Sell Signal is in overbought or oversold condition. Buy Sell Signals are plotted based on settings of OB/OS or RSI .
This indicator is very useful to see if the Trend is in Exhaustion or Beginning of a Trend. Entry and Exit conditions can be more precise based on OB/OS condition of price action. In addition normal RSI trend is plotted with trend color from Hull MA. Best Performance with Heiken Ashi Candle
:- OB/OS Settings provided
:- Hull Buy/Sell Signals plotted
:- Double RSI FAST and DEFAULT signal with crossover
:- Bar Color applied based on Hull RSI Trend
:- Hull Trend + RSI + Price Action
Pivot TrendLineThe simplest version of the indicator automatically draws trendLine on your charts, with build-in functions only.
You can change the looking back length settings to get more proper lines you want.
There is also a switch to turn off the historical trendlines.
You can use this to build more advanced indicators or strategies.
Poster Trend AnalysisThis trend analysis indicator is an idea from:
Stocks & Commodities V. 40:03 (8–12): Intraday Patterns Of Price Change by Richard Poster, PhD
We decide an uptrend or downtrend is in play, if there are certain percentage of bars across N bars where the direction is the same. The default settings use what the article says, 66% of adjacent 15 bars must be in the same direction, to be trending. While the article isn't precise about what up or down bars mean, this indicator assumes an up direction if close is greater than the open.
The indicator also allows differing configurations for up and downtrend analysis, though the defaults, as per the article, are the same.
