This script plots a green circle on top of the chart when the EMAs are stacked positively, a red circle if they are stacked negatively and gray if neither positively nor negatively stacked. The EMAs used are: 8 EMA 21 EMA 34 EMA 55 EMA 89 EMA Useful when you look for a quick and easy way to see if these EMAs are stacked positively or negatively as a...
ADW - Momentum is a trading indicator based on the Relative Momentum Index (RMI) and Exponential Moving Averages (EMAs). This indicator plots the RMI along with its EMAs and highlights regions where RMI crosses its slow EMA. Additionally, it provides alerts when the momentum flips bullish or bearish. Key Features: The RMI helps to identify momentum in the...
Indicator: VWAP + 2 Moving Averages + RSI + Buy and Sell Buy and Sell Arrows (Great for use alone or in conjunction with other scripts on the chart) This indicator displays BUY (BUY) and SELL (SELL) arrows on the chart based on a combination of moving averages, VWAP and RSI. Arrows are a visual way to identify trading opportunities and can be useful for traders...
What ? We all heard about (well: over-heard) 5-EMA strategy. Which falls into the broader category of mean reversal type of trading setup. What is mean reversal? Price (or any time series, in fact) tries to follow a mean . Whenever price diverges from the mean it tries to meet it back. It is empirically observed by some traders (I honestly don't know...
The Crypto Trend Indicator is a trend-following indicator specifically designed to identify bullish and bearish trends in the price of Bitcoin, and other cryptocurrencies. This indicator doesn't provide explicit instructions on when to buy or sell, but rather offers an understanding of whether the trend is bullish or bearish. It's important to note that this...
It is a simple and effective tool for trading on moving averages. The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator How to use the system: 1. I recommend using a daily timeframe. 2. Look for a rebound from the moving average, the most effective 20 Ema....
Rainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF. It's based on two different type of approaches to the EMAs periods: - Classic EMAs periods: 10 and 50 - Cycle EMAs perdios: 16, 64 and 256 The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend;...
█ Background information The Relative Strength Index (RSI) and the Exponential Moving Average (EMA) are two popular indicators. Traders use these indicators to understand market trends and predict future price changes. However, traders often wonder which indicator is better: RSI or EMA. What if these indicators give similar results? To find out, we...
Hello! This code creates a Fibonacci retracement indicator and a trend-following strategy indicator. Trading signals and price reversal targets are also calculated. The overall structure of the code is quite clear and readable. The purpose of the code is to calculate Fibonacci retracement levels and a trend-following indicator, display price levels on a chart,...
This script description is intended to be holistic and comprehensive for the understanding of the interested parties who view the script. Following the PineCoders suggestions, I have provided detailed breakdowns both within the code and in the description immediately below: ► Description This description is intended to be detailed and meaningful, conveying the...
The Conceptive Price Moving Average (CPMA) is a technical indicator designed to provide a more accurate moving average of the price by using the average of various price types, such as open, close, high, low, etc. The CPMA can help to smooth out the noise and provide a clearer picture of the overall trend by taking the average of the last 3 candles for each price...
This code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style. The code imports an external script...
Forex Radar Indicator: A Powerful Tool for Analyzing Currency Strength and Weakness Introduction The Forex Radar Indicator is an innovative tool that provides a visual representation of the relative strength and weakness of various currencies in the Forex market. This indicator is designed to help traders identify potential trading opportunities by analyzing the...
The 'EMA+ ATR Support Resistance Take Profit signal' indicator is a technical analysis tool designed to help traders identify potential support and resistance levels, using the Exponential Moving Average (EMA) and the Average True Range (ATR) indicators. This indicator not only tracks the EMA and ATR but also plots these levels as support and resistance lines,...
Summary: This is a custom moving average indicator script that calculates and plots different Exponential Moving Averages (EMAs) based on user-defined input values. The script also displays MACD and RSI, and provides a table that displays the current trend of the market in a color-coded format. Explanation: - The script starts by defining the name of the...
The original Chop Zone indicator by Trading View is good, but has a few limitations which I've addressed in this one Too many colors which confuse and/or overwhelm users like me Inability to change the EMA period This one has just 3 customizable colors for Uptrend - default = Turquoise Downtrend - default = red Everything else - default = lime And...
Ignition Cha Cha Cha (ICCC) is a 3 color coded moving average indicator which numerically quantify the angle of their trends. I have labeled them as fast, medium and slow. The trend colors are Green for bullish, Red for bearish and Grey for sideways. The sideways movement can be user defined for all 3 in the settings under Threshold. If you regard for example...
The TradingView script provided is a custom indicator named "TradeEasy - Kintro". It is created by the author Kintro and is designed to help traders identify potential buy and sell signals in the market. The indicator is based on the Exponential Moving Average (EMA) and uses two different EMAs, one with a period of 20 and the other with a period of 50. The...