Bollinger Bands SignalsDescription:
This indicator works well in trendy markets on long runs and in mean-reverting markets, at almost any timeframe.
That said, higher timeframes are much preferred for their intrinsic ability to cut out noise. The example chart is in 3H TF.
Be mindful, the script shows somewhat erratic jigsaw-like behaviour during consolidation periods when the price
jumps up and down in indecision which way to go. Fortunately, there are scripts out there that detect such periods.
You can choose between 4 Moving Averages, Vidya being the default. Period, Deviation and Bands Width parameters
all of them affect the signal generation.
For the Pine Script coder this script is pretty obvious.
It uses a standard technical analysis indicator - Bollinger Bands - and appends it with a 'width' parameter and
a signal generation procedure.
The signal generation procedure is the heart of this script that keeps the script pumping signals.
The BB width is used as a filter.
You can use this procedure in your own scripts and it will continue generate signals according to your rules.
Signalgeneration
Support and Resistance Levels (v.3)Support and Resistance Levels augmanted and reprocessed
Description:
This is an augmented version of my earlier script that can be found here:
This time it features zigzag and channel lines, signal generation and filtering and performance testing. Signal generation and filtering procedures are used only for performance testing, not for the actual labelling. The labelling is governed by zigzag logic.
Coppock Curve StrategyCoppock Curve Strategy
Description:
The Coppock Indicator is a long-term price momentum oscillator which is used primarily to pinpoint major bottoms in the stock market. Crosses above the zero line indicate buying pressure, crosses below the center (zero) line indicate selling pressure.
This script generates a long entry signal when the Coppock value crosses over a signal line, and/or generates a short entry signal when the value crosses under a signal line.
Also it generates a long exit signal when the Coppock value crosses under a signal line, and/or generates a short exit signal when the value crosses over a signal line.
Signals can be filtered out by volatility, volume or both. To minimize repainting use higher percentage values of Time Threshold parameter.
Polarized Fractal EfficiencyPolarized Fractal Efficiency
Description:
Technically, Polarized Fractal Efficiency (PFE) is a measure of market choppiness. It is an indicator derived from fractal geometry, the mathematics that describes chaotic systems.
This technical indicator was developed by Hans Hannula to determine price efficiency over a user-defined period. This indicator fluctuates between -100 and +100, with 0 as the centerline. Securities with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. Polarized Fractal Efficiency's signature characteristic is its use of fractal geometry in determining how efficiently a security's price is moving.
This script uses a customized version of PFE formula and generates a long entry signal when the Polarized Fractional Efficiency (PFE) value crosses over a signal line, and/or generates a short entry signal when the PFE value crosses under a signal line.
The Polarized Fractional Efficiency indicator can be used to determine price efficiency over a user-defined time period. Assets with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. The strengh of the trend is measured by the position of the PFE relative to the zero line.
As a general rule, the further the PFE value is away from zero, the stronger and more efficient the given trend is. A PFE value that fluctuates around the zero line could indicate that the supply and demand for the security are in balance and price may trade sideways.
ADX Strategy (original)ADX Strategy
Description:
Generates a long entry signal when the Average Directional Index (ADX) value is greater than the trendlevel and the close is greater than the filter value, and/or generates a short entry signal when the ADX value is greater than the trendlevel and the close is less than the filter value.
The Average Directional Index evaluates the strength of a current trend. The ADX is an oscillator that fluctuates between 0 and 100. Values below 20 indicate a weak trend, values above 40 indicate a strong trend. The direction of the trend is not measured by this indicator.
As usual, the script features signal filtering/generation and a rough estimate of its performance.
Bollinger Bands - 22MADescription:
This indicator uses Bollinger Bands with a set of 22 different moving averages as a center MA plus a custom signal generation and performance measurement modules.
Efficient Trend Step Mod (v.3)This is a version 3 of my mod of the script by alexgrover - Efficient Trend Step.
The logic is based on calculation of Kaufman's efficiency ratio (ER):
ER = Direction / Volatility
where:
Direction = ABS (Close – Close )
Volatility = n ∑(ABS(Close – Close ))
n = The efficiency ratio period.
This version features volatility and volume filter and custom performance module.
22-MA StrategyThis is the extension of my previous script Pip Collector Mod. See
In addition to the previous functionality it features 22 Moving Average functions.
Enjoy!
Pip collector ModThis modification of LazyBear's popular script called Pip collector features custom signal generation and information section displaying elapsed bar time useful for timing trades.
