This script lets you plot a simple or exponential moving average from a specific time frame that you can select. For example, if you always want the Daily 50MA on your chart, regardless of what resolution your chart is on, this will do it. It's also color coded to show if it's rising or falling.
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
This EMA allows you to specify a time-frame for the price used to calculate the moving average. For example, you can create 1 hour EMAs on your 5 minute chart.
NOTE: This indicator only works on intraday charts. The time-frame specified for the indicator must be greater than or equal to the time-frame of the chart.
XPloRR MA-Buy ATR-MA-Trailing-Stop Strategy
Long term MA Trailing Stop strategy to beat Buy&Hold strategy
None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy.
Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade.
My buy strategy is triggered by the...
The same as my previous Exponential Bollinger Bands script, but now you can set a desired offset for the indicator. I have published this as a new script that way those who prefer the old script can continue to use it without seeing any changes.
EXPERIMENTAL: channel lines based on linear regression and exponential curves (only 3 steps tho) that can be customized to adjust the advance/decay start/middle/end of line plus the lenght of the steps, 2nd step is 4x longer then the 1st.
Overall the D-AMA produced results that were near identical to that of the FRAMA but the D-AMA is a slightly faster average.
It is very difficult to pick between the FRAMA and the D-AMA but becuase the FRAMA offers a slightly longer trade duration it the best Moving Average we have...
The alpha parameter of this moving average decreases with every new bar on the chart, so it will become more slowly and slowly in course of time. Can act like additional support/resistance line but works in an acceptable way on weekly and monthly timeframes only.
Another useful script I've been experimenting with. 4 EMA's in one!
Red = 200
Orange = 100
Yellow = 50
Blue = 25
Color coded in order of their respective frequencies.
Right now it's as plain and simple as you can get. Only inputs you can change are the average values.
Will update upon request and popularity.
Happy new year and God bless!
FRAMA: blue line, SC = 252, FC = 40, length = 252
EMA: orange line, length = 50
FRAMA seems to be the evolution of the current and much-used EMA. The basic strategy is simple: long if the price crosses up the line, short or exit if vice versa.
The main difference between EMA and FRAMA is that the first one seems to lag much more than the first one, as...