Orion AlgoOrion Algo is a next-gen trading algorithm designed to help traders find the highs and lows of the market before, during, and after they happen. We wanted to give an indicator to people that was simple to use. In fact we created the algorithm in such a way that it currently only needs a single input from the user. Since no indicator can predict the market perfectly, Orion should be used as just another tool (although quite a sharp one) for you to trade with. Fundamental knowledge of price action and TA should be used with Orion Algo.
Being an oscillator, Orion currently has a bias towards market volatility. So you will want to be trading markets over 30% volatility. We have plans to develop future versions that take this into account and adjust automatically for dead conditions. Also, while there are some similarities across all oscillators, what sets ours apart is the prediction curve. The prediction curve looks at the current signal values and gives it a relative score to approximate tops and bottoms 1-2 bars ahead of the signal curve. We also designed a velocity curve that attempts to predict the signal curve 2+ bars ahead. You can find the relative change in velocity in the Info panel. The bottom momentum wave is based on the signal curve and helps find overall market direction of higher time-frames while in a lower one.
Future Roadmap:
Create secondary on-bar indicator to pair with Orion Algo
Automatically adjust internal variables based on market volatility
Indicator style selection
Simple Strategy:
1. Start at a high time-frame to get an overview of the market you are wanting to enter. Daily is usually a good starting time.
2. If you can, add Orion to a second chart with a lower time-frame such as 4H.
3. Check the lower time frame to find potential medium term entry points based on where the trend was heading from the higher time-frame.
4. Step even lower to the 1H to find your optimal entry based on the higher times and technical analysis of the charts (support/resistance, patterns, etc)
5. The momentum wave can be used to find overall trend of the market. When it starts curving up, the market is bullish. When it curves down, the market could be bearish.
Intermediate Strategy:
1. Use simple strategy first.
2. Use the Prediction and ∆v curves to see future reversals in the works.
3. You can use these curves as potential entries as well as exit points.
4. Take into account potential divergence of the signal lines and price action.
Settings and How to Use them:
User Agreement – Orion Algo is a tool for you to use while trading. We aren’t responsible for losses OR the gains you make with it. By clicking the checkbox on the left you are agreeing to the terms.
Super Smooth – Smooths the main signal line based on the value inside the box. Lower values shift the pivot points to the left but also make things more noisy. Higher values move things to the right making it lag a bit more while creating a smoother signal. 8 is a good value to start with.
Theme – Changes the color scheme of Orion.
Info – Turns on a dashboard with useful stats, such as Delta v, Volatility, Rsi, etc. Changing the value box will move the dashboard left and right.
Pivots – Toggles main bull/bear dots.
Prediction – A secondary prediction model that attempts to predict a reversal before it happens (0-2bars). This can be noisy some times so make your best judgement. Curve will toggle a curve view of the prediction. Pivots will toggle bull/bear dots.
∆v – Delta v (change in velocity). This shows momentum of the signal. Crossing 0 signals a reversal. If you see the delta v changing direction, it may signify a reversal in the several bars depending on the overall momentum of the market.
Divergence – Toggles divergence lines. Hidden will show hidden divergences. Cross will show divergences that cross the 0 line.
Momentum Wave – Uses the signal as a macro trend indicator. Changes in direction of the wave can signify macro changes in the market. Average will toggle an averaging algorithm of the momentum waves and makes it easy to understand.
OBOS – Overbought/Oversold lines. Dyn will convert them to dynamic OBOS lines. The value box will adjust the smoothing.
Cerca negli script per "wave"
Miyuki Wave - BasicThis is a trend following indicator using various non-standard moving average types in a guppy style.
The wave is formed from a baseline moving average, and 4 subsequent waves of different lengths.
The type of moving average function can be changed for the baseline and wave independently with the following options -
Hull Moving Average
Jurik Moving Average
Kaufman Moving Average
Sine-Weighted Moving Average
Triangular Moving Average
Geometric Moving Average
Fractal Moving Average
It also provides Average True Range (ATR) Bands derived from the baseline. The bands will plot fills when price is at the extreme ends of the range.
All setting are available to change in the inputs. Including the advanced parameters for the various functions.
Additional features -
4 colour themes to chose from, making it quick to change the appearance
All elements can be toggled in the options
Baseline can be coloured by trend direction, or relative to price
Inputs to control linewidths, line transparency, and fill transparency.
Tip: if you turn off the bands in the style page, the fills will still appear when price is at the extremes.
This can be used on any timeframe to get an indication of trend.
TTM Wave AApplication of the TTM squeeze and the short-term momentum TTM Wave A in action. This is an example where the short-term wave will react faster than the TTM to give you a signal to start building your positions.
This indicator needs to be combined with "TMO with TTM Squeeze" (add to existing pane).
The TTM Squeeze works like a better MACD. There is a zeroline and histogram bars above / below represent positive and negative momo. As the height of the bar decreases when above the zeroline, that is called decreasingly positive momo and as the height of the bar decreases when below the zeroline, that is called decreasingly negative momo. The dots on the TTM Squeeze: Red dots represent consolidation where Bollingers are inside the Keltner Channels and green dots represent a move out of consolidation or "squeeze fire". As price action comes out of consolidation there is a bigger move up/down depending on where momo is heading and where prices are (key support/resistance levels, fib areas). You want to use the TTM Squeeze and A wave TOGETHER - TTM Squeeze is your main momo and your A wave is a short-term momo wave that reacts faster and works as a leading gauge. You need to use them TOGETHER to gauge where price action may be heading. When the TTM Squeeze and A wave move lockstep together, let's say both are decreasingly positive, there is a good probability it continues to move in that direction to the next support levels. TWO bars on the TTM Squeeze of different heights is confirmation that in most cases means it will move in the direction of those bars. So if decreasingly positive, you'll see two darker bars. By the time you get your 2nd bar on the TTM Squeeze, it is often too late or you're losing profit. Way to counter that is after you get one darker bar in the opposite direction of current trend, use A wave to "predict" the next wave, the more A wave histogram bars going towards the other direction, the higher the certainty it will hit. Lastly, using these waves together works best when you look at it on MULTIPLE TIME FRAMES. (Credit for this details goes to Brady from Atlas).
Gagan Wolfe-Wave signalThe higher/lower the peaks, the bigger the wave - green for buy and red for sell. The peak show the 5th point of Wolfe Waves .
// Not every signal is a good signal, so look to the rules of Wolfe Waves . If it's perfect sequence than be active
FIR Trend Filter (Sawtooth and Square Waves)Experimental script!
Using sigma approximation with Sine wave to form Sawtooth and Square waves, for a Finite Impulse Response filter.
Higher harmonics make the sawtooth or square wave more "exact", at the expense of more computation. It also makes the filter more "sensitive". I wouldn't exceed 100, but you're the boss.
The default number of harmonics is 20. The length is 20, too. Why? Because we are currently in 2020. Silly, I know.
Feel free to play around with the settings and tune it to your liking.
How to use it is pretty straight forward: Green is trend-up and red is trend-down.
Credit to alexgrover for the template.
Finnie's RSI Waves + Volume Colored CandlesUsing RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI. There's a lot of misunderstanding surrounding RSI, most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator, candles are colored based off of volume.
INDICATOR USE:
1. Determine trend
2. Find relative support/resistance
3. Once at support/resistance look for entries:
-RSI crossing over the Short EMA (CYAN) is your fist buy/sell signal
-Short EMA (CYAN) crossing Medium EMA (YELLOW) is your second
-RSI crossing Long EMA (PINK) is your final and most accurate signal
4. Once you've made an entry, you can follow step 3. in reverse for an exit
COLORED CANDLES:
Dark Green candles = Strong Bullish volume
Light Green = Average Bullish volume
Dark Red candles = Strong Bearish volume
Light Red = Average Bearish Volume
Orange/blue means volume is conflicting with price action
I plan to add a Colored DOT over each crossover as a visual buy/sell signal if anyone has any suggestions that'd be great :)
GnG - WaveTrend with RSIShow WaveTrend Line and Stochastic RSI line Indicator in one script
When Stochastic RSI Line cross will show signal.
Helping users to know the signal of reversal.
Disclaimer On and Take your Own Risk.
[CryptoWho] Master Divergences (6 indicators)Extensive divergence spotting script, including 6 different indicators.
You can choose between RSI, Stoch RSI, MACD, CCI, OBV and WaveTrend (LazyBear) and define your look back period as well as the candle source the indicator should work on.
BITSTAMP:BTCUSD
Damped Sine Wave Weighted FilterIntroduction
Remember that we can make filters by using convolution, that is summing the product between the input and the filter coefficients, the set of filter coefficients is sometime denoted "kernel", those coefficients can be a same value (simple moving average), a linear function (linearly weighted moving average), a gaussian function (gaussian filter), a polynomial function (lsma of degree p with p = order of the polynomial), you can make many types of kernels, note however that it is easy to fall into the redundancy trap.
Today a low-lag filter who weight the price with a damped sine wave is proposed, the filter characteristics are discussed below.
A Damped Sine Wave
A damped sine wave is a like a sine wave with the difference that the sine wave peak amplitude decay over time.
A damped sine wave
Used Kernel
We use a damped sine wave of period length as kernel.
The coefficients underweight older values which allow the filter to reduce lag.
Step Response
Because the filter has overshoot in the step response we can conclude that there are frequencies amplified in the passband, we could have reached to this conclusion by simply seeing the negative values in the kernel or the "zero-lag" effect on the closing price.
Enough ! We Want To See The Filter !
I should indeed stop bothering you with transient responses but its always good to see how the filter act on simpler signals before seeing it on the closing price. The filter has low-lag and can be used as input for other indicators
Filter with length = 100 as input for the rsi.
The bands trailing stop utility using rolling squared mean average error with length 500 using the filter of length 500 as input.
Approximating A Least Squares Moving Average
A least squares moving average has a linear kernel with certain values under 0, a lsma of length k can be approximated using the proposed filter using period p where p = k + k/4 .
Proposed filter (red) with length = 250 and lsma (blue) with length = 200.
Conclusions
The use of damping in filter design can provide extremely useful filters, in fact the ideal kernel, the sinc function, is also a damped sine wave.
Customisable Weis Wave & Awesome Oscillator Weis Wave study price and volume relationship to generate waves chart(positive wave-uptrend, negative wave-downtrend) that aims to identify reversals and pullbacks. On top of that, bars are color-coded with Awesome Oscillator for confirmation. Green positive bars may indicate long opportunity and negative red bars may indicate short opportunities.
For some reason (one of it is due to my shitty coding skills), waves generated not always consistent with price movement. Hence, I keep changing price and volume parameters and I notice different combinations work best with different securities. For example, Hull Ma and OBV combination do quite well for stocks but so much for commodities. The following is a list of parameters that you can experiment with.
Volume parameters:
- Volume
- OBV
- Money Flow
- Chaikin Money Flow
-VWMA
Price parameters:
- Price
- Hull MA
- KAMA
- McGinley Dinamic
Multi MA Ribbon +Draws an MA Ribbon that highlights major MA's and for easier visibility separates them into different groups including Custom MA's, Baseline MA's, T Line MA's, Short Term MA's and Long Term MA's.
Choose between 11 different types of MA's thanks to JustUncleL and John F. Ehlers super smoother.
The + is for various signals and alerts derived from Market Cipher / Wave Trend indicators and TCG etc.
Happy Trading and remember just follow the flow of the river!
The WaveRunner Multiple Moving AveragesThe WaveRunner consists of a Triple Exponential Moving Average (or TEMA). This study first calculates the exponential moving average(EMA) of the security. It then finds the EMA of that first EMA and then finally calculates a third EMA based on the second EMA. Then, we added in a volume weighted moving average, allowing us to place greater emphasis on periods with higher volume.
Due to its minimal lag, the triple exponential moving average is a good tool for trend identification and volatility measurement. Adding in a VWMA further improves its accuracy as it provides another way to check the strength of a trend.
The first EMA is shown as the green line of circles. The EMA of that line is then plotted as the middle yellow line. Finally, the third EMA is the red line of circles. When the first EMA is greater than the third, it indicates a sustained positive trend and the area between the two lines is filled green. On the other hand, when the third EMA is greater than the first EMA, it indicates a negative trend and the area between the two lines is filled red. Finally, the VWMA is shown as the darker green and red areas both below and above the first EMA.
This indicator is best used for trend identification and confirmation, filtering out volatility. Reduced lag allows traders to interpret sharp price fluctuations.
ToTheMoonVolatility direction and strength, normalized oscillator.
200 candles moving average analysis. Always zoom out and examine the neighboring waves.
RSI|The Wave PrincipleThe Wave Principle | Modified RSI
30 green | 70 red = Strong Movement (Possible Impulse)
20 cyan | 80 Yellow = Strongest Movement
Support and Resistance Level (Trend Continuation)
Uptrend= 40
Downtrend = 60
Break+Retest = BR
Div = Divergence (Change in trend)
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This indicator has been modified from original RSI to fit Wave Principle characteristics:
Uptrend Impulsive Wave over 70 RSI it changes color to red, and > 80 yellow stronger impulse | Usually means continuation, at least once more.
Downtrend Impulsive Wave under 30 RSI it changes color to green, and < 20 cyan stronger impulse | Usually means continuation, at least once more.
Once RSI reached these levels, it doesn't mean trend reversal but a correction is expected. If it shows divergence along with an Ending Diagonal, it's a confirmation for trend reversal.
In a corrective wave, levels 40-60 represents support and resistance levels where price won't go further. Indicating Corrective Waves, not as strong as Impulsives.
Prices can breakout RSI trend lines and retest from the other side before continue the new trend as also described in the Wave Principle.
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JSE Wyckoff Wave Volume Code// The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE).
// The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator.
//
// The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks).
// The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves.
// This is only my attempt to select 10 stocks and a different selection can be made.
// I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volumne so that moves are of equal magnitude.
// The then provides a view of the overall condition of the market and volume flow in the market.
//
// I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership.
//
// Please, let me know if there is a better work around this.
The stocks and their weightings are:
"JSE:BTI"/0.79
"JSE:SHP"/2.87
"JSE:NPN"/0.18
"JSE:AGL"/1.96
"JSE:SOL"/1.0
"JSE:CFR"/4.42
"JSE:MND"/1.40
"JSE:MTN"/7.63
"JSE:SLM"/7.29
"JSE:FSR"/8.25
[NMC]RSI MTF, StochasticRSI MTF, BB%, WavetrendThis is our second indicator and is very useful if you want to create a strategy based on multiple indicators and time frames. RSI and Stochastic RSI are multi-timeframe and they are based on ChrisMoody's multi-timeframe scripts.
You can choose from RSI, Stochastic RSI, BB% and Wavetrend. In the near future we my add CCI, CMF, TSI or any similar indicator with the possibility to plot from a higher timeframe.
Vegas Wave - BronzeThe bronze edition of my code will be the most basic of a series of Vegas Wave codes which I will publish.
EMA 144, 169, 233
Vegas Tunnel - Highlights the price band between the 144 and 169 EMA.
Identifies support and resistance areas
Target price bounces and aid identifying EW counts.
Wave 2 retrace through the waves. Wave 4 bounce off Vegas Tunnel for example.
Provides confluence when used with fib targets and other indicators.
Identify EMA cross-overs and price crosses.
Easy to customise colours and shading for all time periods.
Multiple indicators in one (for those with TV limits).
Silver/Gold versions
I will include highlights/alerts for EMA/Price crossovers.
I hope its helpful and hopefully the first of many scripts to come.
Feel free to leave ideas and tips for future versions.
CMR CCI WAVEThe Funnel consists of 3 EMA's all set at the 34 EMA ( 1 on 34 Close, 1 on 34 Low and 1 on 34 High )
We couple this with a CCI of +100 / 0 / -100 ( The CCI is used as an RSI would be to determining crossings and overbought and oversold)
The Funnel should not be used as your primary entries, it is more of a verification process to show where the market is heading and where it has been. Best couple with the Elliott Wave of Swing Trading Fibs.
The Wave Funnel moves in clock angles ( remember to always think of a clock when working with the wave)
* 12-2 = A North Move
* 4-6 = A South Move
* A 9-3 = A Flat Move signaling Consolidation / Market Stall
* A 2-4 = When the wave is not steep enough to be a 12-2 or 4-6 and not flat enough to be a Consolidation of the 9-3.. We can verify this by looking at the CCI to confirm.
Wave confirms Direction, CCI confirms 2-4 ( We only range trade a 2-4 or Stay out of the Market if volume is non existent.
Add a MACD for a Flat 9-3 clock angle.
* Congestion/Consolidation is evident we look for other chart patterns to form in this angle. ( Triangles/ Rectangles/ Flags etc)
* Only use the MACD on Sideways markets
* If and when it breaks the Flat Angle we then look at the MACD for entry.
* If MACD is over 0 we BUY the Break
* If MACD is under the 0 we Sell
A 2-4 angle we trade the range of the emas, it will poke through the bottom and back out the top and repeat until we see a breakout to the north or south.
So if it is a 2-4 oclock angle we trade based off the macd's -100 we buy, 100 we sell. Repeat as the funnel continues the clock angle.
We trade with a Stop Loss on the other side of the Wave.
Do Not jump the gun on the trades. Wait for Pull Backs into the Wave
Pivots and Fibs will help determine the pullback ranges
The price always pullback to the Wave ( No different than any other ema, they act as magnets to price action)
ANy Questions hit up mill in CMR
