This script is built to condense the main indicators or levels i use for my strategy.
Support & Resistance
Draws the support and resistance levels on the current timeframe, with labels for the latest S/R formed.
The levels change color to reflect a role reversal depending on price action.
The number of bars used to confirm the formation of a new S/R level are...
The moving averages used by trade analyst and YouTube star Alession Rastani. By using this script you get access to the following moving averages: 21, 55, 100 Exponential Moving Averages, and the 100 and—for good measure—the 200 Simple Moving Average.
Source: Here's Exactly WHEN I am Buying Bitcoin. Alessio Rastani. Published on 8 Jun 2019.
Strategy described in the book "Short Term Trading Strategies that Work", written by Larry Connors and Cesar Alvarez.
It is the simplest strategy I know and has only 3 rules:
- Price must be above the arithmetic moving average of 200 periods.
- Buy when the price closes below the closing of the last 7 days.
- Sale when the price closes above the closing of the...
Pinescript v3 Compatibility Framework (v4 Migration Tool)
This code makes most v3 scripts work in v4 with only a few minor changes below. Place the framework code before the first input statement.
You can totally delete all comments.
Pros:
- to port to v4 you only need to make a few simple changes, not affecting the core v3 code functionality
Cons:
- without...
Four adjustable moving averages set in order to produce buy and sell signals, works best on smaller timeframes from my backtesting, 10M - 30M seems optimal for scalping.
The idea behind this script is to only enter positions that are following the trend in order to minimise drawdown and decrease risk when using leverage.
The script will only enter long...
This tool uses a discrete-time non-Markovian Martingale stochastic process (Please do not confuse with the strategy of the same name) under the hood to forecast a future (up to 28 bars, customizable) behaviour of the Simple Moving Average. The longer the average period, the more accurate the forecast.
The common cases are the next:
You can apply two instances...
Hello all,
Vs2 of EMAS Signal Double Cross indicator that plots 5 EMA lines and 4 SMA .
Features:
-Signals are represented visually as a triangle on the chart.
-Also represented visually as bar color on the chart.
-When SMA and EMA 1 cross - a Long signal is called if SMA cross above EMA 1, a short if the cross is below EMA 1.
-When EMA 2 and EMA 3 cross - a...
Purple = Actual average price over total timeframe.
Other lines are factors above the actual average.
A pattern emerges where the purple is hit, then a parabolic rise to the blue top, then the a drawback down to the orange, then parabolic, then drawback to yellow, then parabolic to blue, then a reset back to the purple line.
This indicator compares four different values :
-Fast Simple Moving Average(SMA)
-Fast Volume Weighted Moving Average(VWMA)
-Slow SMA
-Slow VWMA
Comparing SMA's and VWMA's of the same length is a common trading tactic. Since volume is not taken into consideration when calculating Simple Moving Averages, we can gain valuable insights from the...
A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random short-term price fluctuations. It is a trend-following, or lagging, indicator because it is based on past prices.
The two basic and commonly used moving averages are the simple moving average (SMA), which is the simple...
This script is able to adaptively show different moving averages, depending on the timeframe.
The default values are:
-8 weekly EMA
-20,50,100 and 200 SMA
-4 hourly 50 EMA
-Hourly 50 EMA
-15 minutes 20 SMA
These moving averages are the ones I use the most, and were originally covered in a video by Financial Freedom (Nasir Jones) called " HOW TO USE MOVING...
![XBTUSD.P: [M10] Quad MA Trend Scalper](https://s3.tradingview.com/f/Fc4h6aPw_mid.png "[M10] Quad MA Trend Scalper")
