Combo 2/20 EMA & Bill Williams Averages. 3Lines This is combo strategies for get a cumulative signal.
First strategy
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.
Second strategy
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
WARNING:
- For purpose educate only
- This script to change bars colors.
Search in scripts for "moving averages"
Bjorgum SuperScript
Bjorgum Reversal
Bj Reversal uses Tilson moving averages to identify trend changes
Bars change to yellow as bar close crosses the Tilson moving averages. Blue or red is confirmed as the two Tilson averages themselves cross.
Reversal is great for pinpointing trend change often giving the absolute best entry or exit
Its sensitive nature can mean more false signals on some assets
Be sure to use other indicators from the Bjorgum Collection to confirm signals, or use another strategy that fits the asset or time frame being viewed
Bjorgum HEMA Strategy
Hema uses HA smoothed EMAs to identify trend direction
Default EMA lengths are 5,9, and 21 period
Bar Color will change Malibu or Ruby on a cross of BOTH 5 and 9 EMA
The lengths are customizable to whatever lengths the user desires
Rolando Santos True Relative Movement (TRM)
This underrated momentum strategy conceptualized by Rolando Santos uses 2 indicators to give a 3 color scheme
A leading indicator (RSI) is combined with a lagging indicator (TSI) to produce bar colors based on the condition of each indicator
Both indicators in positive territory produce blue bars
Both indicators in negative bias produce yellow bars
If signals are mixed (one up one down) bars become grey
Speed Selection
The Bjorgum speed selector optimizes the strategy based on the users desires or trading style at the touch of a button
Fast setting is better for swing trades - more timely signals, more whipsaw
Slow setting is better for longer holds or more volatile assets - slower signals, smooths out whipsaw
RSI Bar Color
RSI color changes bar color based on user defined RSI values
Buy/ sell signals are typically given on a cross of the 50 level
Speed selector (fast/Slow) automatically changes lengths between Bj RSI (5 period) and a standard RSI (14 period)
Additional capabilities can be mixed and matched from strategies in the "Strategy Override" section
Add-ons include:
Tilson - The moving average system from Bjorgum Reversal can be toggled to couple with another bar color strategy by clicking this button
PSAR - Parabolic Stop and Reverse indicator can help with trend direction, volatility, and stop losses
HEMA - The 3 moving average system from the HEMA strategy can be coupled with any of the other strategies by clicking "Show HEMA"
Bj Arrows - These arrows plot at the bar level to draw attention to when the BJ TSI is "curling" (See profile for Bjorgum TSI and download today)
-Optional "Plotbar Overlay" plots bars with Heikin-Ashi Inputs when toggled
-This allows for the benefits of price smoothing without sacrificing moving average and indicator performance as real close value is still used
-This can also help on short time frames and improve results with crypto! The user must "mute" the main series candles when in use to avoid candle overlap.
-Optional price line as muting main bars will disable the TradingView default price line. The horizontal plot will track the real closing price while in HA mode!
Erzurum Indicators (By DadashKadir)Erzurum Indicators (By DadashKadir)
An indicator in which you will keep track of the buying and selling movements by adding the movements of the three moving averages together. The parameters were determined as Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA) and Volume Weighted Moving Average (VWMA). Its constant value was taken as WMA. It is used to calculate the averages of 3 - 5 and 7. You can include the standard deviation (STDEV) in these moving averages.
The name of the indicator is taken from our city of Erzurum, the pearl of Eastern Anatolia.
Cyclic Smoothed RSI with Motive-Corrective Wave Indicator
This indicator uses the cyclic smoothed Relative Strength Index (cRSI) instead of the traditional Relative Strength Index (RSI). See below for more info on the benefits to the cRSI.
My key contributions
1) A Weighted Moving Average (WMA) to track the general trend of the cRSI signal. This is very helpful in determining when the equity switches from bullish to bearish, which can be used to determine buy/sell points. This is then is used to color the region between the upper and lower cRSI bands (green above, red below).
2) An attempt to detect the motive (impulse) and corrective and waves. Corrective waves are indicated A, B, C, D, E, F, G. F and G waves are not technically Elliot Waves, but the way I detect waves it is really hard to always get it right. Once and a while you could actually see G and F a second time. Motive waves are identified as s (strong) and w (weak). Strong waves have a peak above the cRSI upper band and weak waves have a peak below the upper band.
3) My own divergence indicator for bull, hidden bull, bear, and hidden bear. I was not able to replicate the TradingView style of drawing a line from peak to peak, but for this indicator I think in the end it makes the chart cleaner.
There is a latency issue with an indicator that is based on moving averages. That means they tend to trigger right after key events. Perfect timing is not possible strictly with these indicators, but they do work very well "on average." However, my implementation has minimal latency as peaks (tops/bottoms) only require one bar to detect.
As a bit of an Easter Egg, this code can be tweaked and run as a strategy to get buy/sell signals. I use this code for both my indicator and for trading strategy. Just copy and past it into a new strategy script and just change it from study to a strategy, something like this:
strategy("cRSI + Waves Strategy with VWMA overlay", overlay=overlay)
The buy/sell code is at the end and just needs to be uncommented. I make no promises or guarantees about how good it is as a strategy, but it gives you some code and ideas to work with.
Tuning
1) Volume Weighted Moving Average (VWMA): This is a โhidden strategyโ feature implemented that will display the high-low bands of the VWMA on the price chart if run the code using โoverlay = trueโ.
- If the equity does not have volume, then the VWMA will not show up. Uncheck this box and it will use the regular WMA (no volume).
- defines how far back the WMA averages price.
2) cRSI (Black line in the indicator)
- Increase to length that amount of time a band (upper/lower) stays high/low after a peak. Reduce the value to shorten the time. Just increment it up/down to see the effect.
- defines how far back the SMA averages the cRSI. This affects the purple line in the indicator.
- defines how many bars back the peak detector looks to determine if a peak has occurred. For example, a top is detected like this: current-bar down relative to the 1-bar-back, 1-bar-back up relative to 2-bars-back (look back = 1), c) 2-bars-back up relative to 3-bars-back (lookback = 2), and d) 3-bars-back up relative to 4-bars-back (lookback = 3). I hope that makes sense. There are only 2 options for this setting: 2 or 3 bars. 2 bars will be able to detect small peaks but create more โfalseโ peaks that may not be meaningful. 3 bars will be more robust but can miss short duration peaks.
3) Waves
- The check boxes are self explanatory for which labels they turn on and off on the plot.
4) Divergence Indicators
- The check boxes are self explanatory for which labels they turn on and off on the plot.
Hints
- The most common parameter to change is the . Different stocks will have different levels of strength in their peaks. A setting of 2 may generate too many corrective waves.
- Different times scales will give you different wave counts. This is to be expected. A counter impulse wave inside a corrective wave may actually go above the cRSI WMA on a smaller time frame. You may need to increase it one or two levels to see large waves.
- Just because you see divergence (bear or hidden bear) does not mean a price is going to go down. Often price continues to rise through bears, so take note and that is normal. Bulls are usually pretty good indicators especially if you see them on C,E,G waves.
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cyclic smoothed RSI (cRSI) indicator
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The โcoreโ code for the cyclic smoothed RSI (cRSI) indicator was written by Lars von Theinen and is subject to the terms of the Mozilla Public License 2.0 at mozilla.org Copyright (C) 2017 CC BY, whentotrade / Lars von Thienen. For more details on the cRSI Indicator:
The cyclic smoothed RSI indicator is an enhancement of the classic RSI, adding
1) additional smoothing according to the market vibration,
2) adaptive upper and lower bands according to the cyclic memory and
3) using the current dominant cycle length as input for the indicator.
It is much more responsive to market moves than the basic RSI. The indicator uses the dominant cycle as input to optimize signal, smoothing, and cyclic memory. To get more in-depth information on the cyclic-smoothed RSI indicator, please read Decoding The Hidden Market Rhythm - Part 1: Dynamic Cycles (2017), Chapter 4: "Fine-tuning technical indicators." You need to derive the dominant cycle as input parameter for the cycle length as described in chapter 4.
Hope this helps and good luck.
Displaced Moving Average Channel (DMA)What is This?
The Displaced Moving Average Channel (DMA) indicator is a combination of two moving averages calculated on the high and low of a set time period back which are displaced forward or backward with the center highlighted as a central channel.
What Information Can I Get Out of It?
This indicator can be used as a support or resistance as some moving averages are typically used as well as a tiny measure of recent volatility by looking at the spread between the top and bottom moving averages.
Where Did This Idea Come From?
I did not come up with the concept of this indicator since I was inspired to use this as a setup/trigger indicator in a potential trading strategy as seen in this whitepaper .
10/20 MA Cross-Over with Heikin-Ashi Signals by SchobbejakThe 10/20 MA Heikin-Ashi Strategy is the best I know. It's easy, it's elegant, it's effective.
It's particularly effective in markets that trend on the daily. You may lose some money when markets are choppy, but your loss will be more than compensated when you're aboard during the big moves at the beginning of a trend or after retraces. There's that, and you nearly eliminate the risk of losing your profit in the long run.
The results are good throughout most assets, and at their best when an asset is making new all-time highs.
It uses two simple moving averages: the 10 MA (blue), and the 20 MA (red), together with heikin-ashi candles. Now here's the great thing. This script does not change your regular candles into heikin-ashi ones, which would have been annoying; instead, it subtly prints either a blue dot or a red square around your normal candles, indicating a heikin-ashi change from red to green, or from green to red, respectively. This way, you get both regular and heikin ashi "candles" on your chart.
Here's how to use it.
Go LONG in case of ALL of the below:
1) A blue dot appeared under the last daily candle (meaning the heikin-ashi is now "green").
2) The blue MA-line is above the red MA-line.
3) Price has recently breached the blue MA-line upwards, and is now above.
COVER when one or more of the above is no longer the case. This is very important. You want to keep your profit.
Go SHORT in case of ALL of the below:
1) A red square appeared above the last daily candle (meaning the heikin-ashi is now "red").
2) The red MA-line is above the blue MA-line.
3) Price has recently breached the blue MA-line downwards, and is now below.
Again, COVER when one or more of the above is no longer the case. This is what gives you your edge.
It's that easy.
Now, why did I make the signal blue, and not green? Because blue looks much better with red than green does. It's my firm believe one does not become rich using ugly charts.
Good luck trading.
--You may tip me using bitcoin: bc1q9pc95v4kxh6rdxl737jg0j02dcxu23n5z78hq9 . Much appreciated!--
Multiple MA (techsound088)Common moving addresses often act as support and resistance levels. This script will incorporate four (2 exponential and 2 simple ) moving averages. The default are lengths of 8, 20, 50, and 200. These are adjustable. Many of us are aware that these areas often tend to be supply / demands zones. We are also aware that movement around these areas can fluctuate greatly so I've included ATR-based bands around the moving averages hoping to visualize these moving averages in a less rigid and more realistic way. Feel free to modify this script as you please. Constructive feedback is always appreciated.
GMMA Oscillator v1 by JustUncleLOn request, here is my version of the Guppy GMMA Oscillator (and SuperGuppy Oscillator) to match with my Guppy and Super Guppy indicators.
Description:
The Guppy Multiple Moving Average (GMMA) is a technical indicator that displays two sets of moving averages. The first set contains six exponential moving averages that use faster periods to monitor the trading activity of short-term traders. The second set contains six exponential moving averages that use slower periods to monitor the trading activity of long-term investors.
The GMMA Oscillator is a technical indicator developed by Leon Wilson. The oscillator line, which percentage difference between the Fast and Slow GMMA sets. The second line is the signal line and it is simply the exponential moving average of the oscillator line.
As with many trend following indicators, a bullish signal occurs when the oscillator line crosses above the signal line and a bearish signal when the oscillator line crosses below the signal line.
Options:
Select between Guppy MMA or SuperGuppy MMA calculated Oscillator.
Option to apply smoothing to the Oscillator line (recommendation 3)
Option to change Signal line period length
Option to use Anchor Time frame to match the Guppy or SuperGuppy chart
Option to show coloured Bullish/Bearish trading Zones
Crossover alerts are also generated to be picked up by the TradingView's Alarm Sub-system.
Supertrend0913This Pine Script (`@version=6`) combines **two Supertrend indicators** and a set of **moving averages (EMA & MA)** into one overlay chart tool for TradingView.
**Key features:**
* **Supertrend \ & \ :**
* Each has independent ATR period, multiplier, and ATR calculation method.
* Plots trend lines (green/red for \ , blue/yellow for \ ).
* Generates **buy/sell signals** when trend direction changes.
* Includes **alert conditions** for buy, sell, and trend reversals.
* **Moving Averages:**
* 6 EMAs (lengths 21, 55, 100, 200, 300, 400).
* 5 SMAs (lengths 11, 23, 25, 39, 200).
* Each plotted in different colors for trend visualization.
๐ In short: itโs a **combined trading tool** that overlays two configurable Supertrend systems with alerts plus multiple EMAs/SMAs to help identify trend direction, signals, and potential entry/exit points.
ZLEMA Trend Index 2.0ZTI โ ZLEMA Trend Index 2.0 (0โ1000)
Overview
Price Mapped ZTI v2.0 - Enhanced Zero-Lag Trend Index.
This indicator is a significant upgrade to the original ZTI v1.0, featuring enhanced resolution from 0-100 to 0-1000 levels for dramatically improved price action accuracy. The Price Mapped ZTI uses direct price-to-level mapping to eliminate statistical noise and provide true proportional representation of market movements.
Key Innovation: Instead of statistical normalization, this version maps current price position within a user-defined lookback period directly to the ZTI scale, ensuring perfect correlation with actual price movements. I believe this is the best way to capture trends instead of directly on the charts using a plethora of indicators which introduces bad signals resulting in drawdowns. The RSI-like ZTI overbought and oversold lines filter valid trends by slicing through the current trading zone. Unlike RSI that can introduce false signals, the ZTI levels 1 to 1000 is faithfully mapped to the lowest to highest price in the current trading zone (lookback period in days) which can be changed in the settings. The ZTI line will never go off the beyond the ZTI levels in case of extreme trend continuation as the trading zone is constantly updated to reflect only the most recent bars based on lookback days.
Core Features
โ
10x Higher Resolution - 0-1000 scale provides granular movement detection
โ
Adjustable Trading Zone - Customizable lookback period from 1-50 days
โ
Price-Proportional Mapping - Direct correlation between price position and ZTI level
โ
Zero Statistical Lag - No rolling averages or standard deviation calculations
โ
Multi-Strategy Adaptability - Single parameter adjustment for different trading styles
Trading Zone Optimization
๐ Lookback Period Strategies
Short-term (1-3 days):
Ultra-responsive to recent price action
Perfect for scalping and day trading
Tight range produces more sensitive signals
Medium-term (7-14 days):
Balanced view of recent trading range
Ideal for swing trading
Captures meaningful support/resistance levels
Long-term (21-30 days):
Broader market context
Excellent for position trading
Smooths out short-term market noise
โก Market Condition Adaptation
Volatile Markets: Use shorter lookback (3-5 days) for tighter ranges
Trending Markets: Use longer lookback (14-21 days) for broader context
Ranging Markets: Use medium lookback (7-10 days) for clear boundaries
๐ฏ Timeframe Optimization
1-minute charts: 1-2 day lookback
5-minute charts: 2-5 day lookback
Hourly charts: 7-14 day lookback
Daily charts: 21-50 day lookback
Trading Applications
Scalping Setup (2-day lookback):
Super tight range for quick reversals
ZTI 800+ = immediate short opportunity
ZTI 200- = immediate long opportunity
Swing Trading Setup (10-day lookback):
Meaningful swing levels captured
ZTI extremes = high-probability reversal zones
More stable signals, reduced whipsaws
Advanced Usage
๐ง Real-Time Adaptability
Trending days: Increase to 14+ days for broader perspective
Range-bound days: Decrease to 3 days for tighter signals
High volatility: Shorter lookback for responsiveness
Low volatility: Longer lookback to avoid false signals
๐ก Multi-Timeframe Approach
Entry signals: Use 7-day ZTI on main timeframe
Trend confirmation: Use 21-day ZTI on higher timeframe
Exit timing: Use 3-day ZTI for precise exits
๐ Session Optimization
Asian session: Shorter lookback (3-5 days) for range-bound conditions
London/NY session: Longer lookback (7-14 days) for trending conditions
How It Works
The indicator maps the current price position within the specified lookback period directly to a 0-1000 scale and plots it using ZLEMA (Zero Lag Exponential Moving Average) which has the least lag of the available popular moving averages:
Price at recent high = ZTI at 1000
Price at recent low = ZTI at 1
Price at mid-range = ZTI at 500
This creates perfect proportional representation where every price movement translates directly to corresponding ZTI movement, eliminating the false signals common in traditional oscillators.
This single, versatile indicator adapts to any market condition, timeframe, or trading style through one simple parameter adjustment, making it an essential tool for traders at every level.
Credits
ZLEMA techniques widely attributed to John Ehlers.
Disclaimer
This tool is for educational purposes only and is not financial advice. Backtest and forwardโtest before live use, and always manage risk.
Please note that I set this as closed source to prevent source code cloning by others, repackaging and republishing which results in multiple confusing choices of the same indicator.
ASK Screener by AshpreetThe ASK Indicator is a custom-built breakout and trend continuation system designed for swing traders seeking high-probability entries with strong risk-reward ratios. Built using a combination of moving averages, momentum filters, volume confirmation, and price structure, this indicator helps identify stocks poised for explosive moves.
It uses three key moving averages: the 44-period SMA (medium trend), 20-period DEMA (short-term strength, custom-coded), and 50-period WEMA (institutional trendline). Trades are only triggered when the price is above 50 WEMA, and the 20 DEMA is above the 44 SMA.
Momentum is confirmed using RSI(14) within a healthy zone of 40โ60, ensuring the stock is not overbought or oversold. To focus on breakout candidates, the stock must be trading within 10% of its 52-week high, and the weekly candle range must be under 10%, signaling compression before expansion.
A valid ASK Signal occurs when these conditions are met along with a breakout above the previous dayโs high and volume exceeding 1.5ร the 20-day average. Once triggered, the indicator auto-plots the stop-loss (1ร ATR) and two profit targets: 1:2 (TP1) and 1:4 (TP2).
Additionally, the system detects a narrow range setup, where the last 3 daily candles are inside the previous 3-day range โ a powerful consolidation signal. Alerts for both ASK entries and narrow ranges are included.
This system is ideal for positional and short-term swing traders who want to combine structure, momentum, and volume in one powerful tool.
ASK Indicator by AshpreetThe ASK Indicator is a custom-built breakout and trend continuation system designed for swing traders seeking high-probability entries with strong risk-reward ratios. Built using a combination of moving averages, momentum filters, volume confirmation, and price structure, this indicator helps identify stocks poised for explosive moves.
It uses three key moving averages: the 44-period SMA (medium trend), 20-period DEMA (short-term strength, custom-coded), and 50-period WEMA (institutional trendline). Trades are only triggered when the price is above 50 WEMA, and the 20 DEMA is above the 44 SMA.
Momentum is confirmed using RSI(14) within a healthy zone of 40โ60, ensuring the stock is not overbought or oversold. To focus on breakout candidates, the stock must be trading within 10% of its 52-week high, and the weekly candle range must be under 10%, signaling compression before expansion.
A valid ASK Signal occurs when these conditions are met along with a breakout above the previous dayโs high and volume exceeding 1.5ร the 20-day average. Once triggered, the indicator auto-plots the stop-loss (1ร ATR) and two profit targets: 1:2 (TP1) and 1:4 (TP2).
Additionally, the system detects a narrow range setup, where the last 3 daily candles are inside the previous 3-day range โ a powerful consolidation signal. Alerts for both ASK entries and narrow ranges are included.
This system is ideal for positional and short-term swing traders who want to combine structure, momentum, and volume in one powerful tool.
Supertrend - SSL Strategy with Toggle [AlPashaTrader]๐ Overview of the Supertrend - SSL Strategy with Toggle Indicator
This strategy combines two powerful technical toolsโSupertrend and SSL Channelโto deliver precise and reliable trading signals, designed for traders who value confirmation and risk management. ๐ฏ
โ๏ธ How This Indicator Was Created
The strategy was meticulously crafted to harness the complementary strengths of:
Supertrend Indicator: A trend-following tool based on Average True Range (ATR) and a multiplier factor, it detects bullish or bearish trends by calculating dynamic support and resistance levels. ๐
SSL Channel: A channel indicator built using two Simple Moving Averages (SMA) of the highs and lows over a set period. It cleverly determines trend direction by comparing price action relative to these moving averages. ๐
These two indicators are merged into one cohesive strategy with an optional toggle feature allowing the trader to choose whether to require confirmation from both indicators before taking a position or to act on signals from either. ๐๏ธ
The script includes user-friendly controls for:
Defining a custom trading date range ๐
, useful for backtesting or restricting trading to specific market conditions.
Setting the ATR length and multiplier for Supertrend sensitivity โ๏ธ.
Adjusting the SSL channel period for responsiveness to price changes โฑ๏ธ.
Choosing whether to require dual confirmation (both Supertrend and SSL signals) for more conservative trading or a single indicator trigger for a more aggressive approach ๐ก๏ธ vs โ๏ธ.
๐ How This Indicator Works
Signal Generation:
Supertrend analyzes market volatility and trend direction, signaling a potential buy when the trend turns bullish ๐ and a sell when bearish ๐.
SSL Channel tracks price relative to its high and low moving averages to identify uptrends and downtrends. A crossover of the SSL Up and SSL Down lines generates buy or sell signals ๐.
Confirmation Logic:
When confirmation is enabled, the strategy waits for agreement between both indicators before entering a trade โ
, reducing false signals.
When confirmation is disabled, it trades based on signals from either indicator โก, allowing more frequent entries but potentially higher risk.
Entry and Exit Rules:
Entry occurs when the indicator(s) signal a new trend direction ๐ for long, or decline for short.
Exit happens when opposing signals appear ๐, closing existing positions to lock in profits or cut losses.
Visual Aids:
The SSL Channel lines are plotted directly on the chart with distinct colors to intuitively show trend shifts ๐จ.
The system respects the specified date range โณ, ensuring trades only occur within user-defined periods.
๐ฏ How to Use This Strategy Effectively
Set Your Preferences: Adjust ATR length, factor, and SSL period to your style. More sensitive? Decrease lengths. Smoother? Increase them โ๏ธ.
Choose Confirmation Mode: Use the toggle depending on your risk appetite:
Confirmation ON โ
: For conservative traders wanting high-probability setups.
Confirmation OFF โก: For aggressive traders who want more signals.
Apply Date Filters: Focus your trading or backtesting on specific periods ๐
.
Monitor Entry/Exit Signals: Watch crossovers and Supertrend changes closely ๐.
Risk Management: The strategy uses position sizing as a percentage of equity (default 15%) ๐ฐ. Adjust accordingly.
Combine with Other Tools: Enhance results by combining this with volume, price action, or fundamentals ๐ง.
๐ Summary
This Supertrend - SSL Strategy with Toggle is a dynamic and flexible trading tool blending volatility-based trend detection with moving-average channel insights. It empowers traders to customize confirmation strictness, control trading periods, and efficiently capture trending opportunities while managing risk smartly.
By integrating proven indicators in a user-friendly, visually intuitive package, this strategy stands as a sophisticated tool suitable for various markets and trading styles. ๐๐
EMA SuiteFor strategies with moving averages, of course. My preference is to use Fibonacci values, but it can be configured with any setup. When working on a single timeframe, it allows adding averages or groups of averages from other timeframes, Iโve used this for scalping. The indicator is designed to be dynamic and adaptable. By editing the script, itโs easy to add or remove averages.
Larger averages might slow down loading, and a color palette selector could be added since manually setting 11 values is tedious.
Iโm open to any suggestions
Candlestick DataCandlestick Data Indicator
The Candlestick Data indicator provides a comprehensive overview of key metrics for analyzing price action and volume in real-time. This overlay indicator displays essential candlestick data and calculations directly on your chart, offering an all-in-one toolkit for traders seeking in-depth insights.
Key Features:
Price Metrics: View the daily high, low, close, and percentage change.
Volume Insights: Analyze volume, relative volume, and volume buzz for breakout or consolidation signals.
Range Analysis: Includes closing range, distance from low of day (LoD), and percentage change in daily range expansion.
Advanced Metrics: Calculate ADR% (Average Daily Range %), ATR (Average True Range), and % from 52-week high.
Moving Averages: Supports up to four customizable moving averages (EMA or SMA) with distance from price.
Market Context: Displays the sector and industry group for the asset.
This indicator is fully customizable, allowing you to toggle on or off specific metrics to suit your trading style. Designed for active traders, it brings critical data to your fingertips, streamlining decision-making and enhancing analysis.
Perfect for momentum, swing, and day traders looking to gain a data-driven edge!
Power MarketPower Market Indicator
Description: The Power Market Indicator is designed to help traders assess market strength and make informed decisions for entering and exiting positions. This innovative indicator provides a comprehensive view of the evolution of Simple Moving Averages (SMA) over different periods and offers a clear measure of market strength through a total score.
Key Features:
Multi-Period SMA Analysis:
Calculates Simple Moving Averages (SMA) for 10 different periods ranging from 10 to 100.
Provides detailed analysis by comparing the current closing price with these SMAs.
Market Strength Measurement:
Assesses market strength by calculating a total score based on the relationship between the closing price and the SMAs.
The total score is displayed as a histogram with distinct colors for positive and negative values.
Smoothed Curve for Better View:
A smoothing of the total score is applied using a 5-period Simple Moving Average to represent the overall trend more smoothly.
Dynamic Information Table:
Real-time display of the maximum and minimum values among the SMAs, as well as the difference between these values, providing valuable insights into the variability of moving averages.
Visual Reference Lines:
Horizontal lines at zero, +50, and -50 for easy evaluation of key score levels.
How to Use the Indicator:
Position Entries: Use high positive scores to identify buying opportunities when market strength is strong.
Position Exits: Negative scores may signal market weakness, allowing you to exit positions or wait for a better opportunity.
Data Analysis: The table helps you understand the variability of SMAs, offering additional context for your trading decisions.
This powerful tool provides an in-depth view of market dynamics and helps you navigate your trading strategies with greater confidence. Embrace the Power Market Indicator and optimize your trading decisions today!
EMA-BAND-PIVOT-VCPThis indicator is named "EMA-BAND-PIVOT-VCP" and integrates multiple elements such as moving averages, volume, volatility contraction patterns (VCP), pivot points, and a table to display key market metrics.
Key Features:
Moving Averages: ( 4 - EMA) default settings 20 , 50 ,144 , 200 . Can be changed in settings.
Pivot Highs and Lows:
The script detects pivot highs and pivot lows using customizable left and right lengths and plots labels to mark these points on the chart.
TIG BAND : This is setting of 2 sma - with the high and low of 90 day average which forms like a band . Its a very strong indicator of trend . Buying is suggestable above this .This has to be tested on your own to knowhow it works wonders ( price magnet). Works on all timeframes . (credit : Bhushan Sir from TIG ) .These are the best buy areas.
Volatility Contraction :
It identifies specific price contraction pattern .
vc marked - used 4 candles - first candle is the mother bar ., 2,3 and 4th candles complete range ( high to low ) is within the range of mother candle.
lc marked -here the closing is considered not the wicks. used 8 candles., the 7 candles closing is within the range of motherbar. Crosses are plotted on the last candle
Table Display:
A table is displayed on the chart with data such as EMA values, relative volume (RVol), Average Daily Range (ADR), and volume ratios. This gives a comprehensive overview of current market conditions.(RVol) compared to the 50-period volume SMA, percentage volume change, and other metrics is also displayed.
MFI- Momentum Fusion IndicatorIndicator Overview
The "MFI - Momentum Fusion Indicator" is a comprehensive trading tool designed for TradingView that combines several technical analysis methods to assist traders in identifying potential buy and sell opportunities in financial markets.
Key Components
Moving Averages (MA): Uses two Simple Moving Averages (SMA) with periods defined by the user (default 10 and 20). The indicator generates buy signals when the shorter MA (MA 10) crosses above the longer MA (MA 20) and sell signals when it crosses below, helping to pinpoint trend reversals.
Relative Strength Index (RSI): A momentum oscillator that helps identify overbought or oversold conditions, adding a layer of confirmation to the signals generated by the moving averages.
Exponential Moving Average (EMA 50): Used to gauge the medium-term trend direction. The color of the EMA line changes based on whether the trend is up (green) or down (red), providing a visual representation of the market trend.
Average True Range (ATR): This component measures market volatility. Signals are only generated when the ATR confirms significant market movement relative to the EMA50, enhancing the reliability of the signals during volatile conditions.
How It Works
Signal Generation: The core of the indicator is based on the crossover of two SMAs. A buy signal is issued when the short-term MA crosses above the long-term MA during sufficient market volatility (confirmed by ATR). Conversely, a sell signal is triggered when the short-term MA crosses below the long-term MA under similar conditions.
Trend Confirmation: The EMA50 helps confirm the broader market trend, while the ATR ensures that the crossover signals occur during periods of meaningful price movement, filtering out noise and less significant price movements.
Use Case
For Traders: The indicator is ideal for traders who need clear, actionable signals combined with an assessment of market conditions. Itโs particularly useful in markets where understanding volatility and momentum is crucial, such as in cryptocurrencies and forex.
Benefits
Comprehensive Analysis: Combines trend, momentum, and volatility analysis in one tool, providing a multifaceted approach to the markets.
Enhanced Decision-Making: By integrating multiple indicators, it reduces the likelihood of false signals and enhances decision-making confidence.
Customizable and Dynamic: Allows for easy adjustment of parameters to fit different trading styles and market conditions.
This indicator equips traders with a powerful blend of tools to analyze price movements and make informed trading decisions based on a combination of trend, momentum, and volatility insights.
Reversal and Breakout Signals [AlgoAlpha]๐๐ Introducing the Reversal and Breakout Signals by AlgoAlpha ๐๐
This innovative tool is crafted to enhance your chart analysis by identifying potential reversal and breakout opportunities directly on your charts. It's designed with both novice and experienced traders in mind, providing intuitive visual cues for better decision-making. Let's dive into the key features and how it operates:
### Key Features:
๐ถ Dynamic Period Settings: Customize the sensitivity of the indicator with user-defined periods for both the indicator and volume strength.
๐ Volume Threshold: Set a threshold to define what constitutes strong volume, enabling the identification of significant market movements.
๐ก Trend Coloring: Option to color candles during trends, making it easier to visualize bullish and bearish market conditions.
๐ Customizable Visuals: Choose your preferred colors for bullish, bearish, and breakout signals, personalizing the chart to your liking.
๐จ Advanced Alert System: Configure alerts for reversal and breakout signals, ensuring you never miss a potential trading opportunity.
### How to Use:
To maximize the effectiveness of the Reversal and Breakout Signals tool, follow these steps:
1. ๐ง Set Up Your Preferences:
- Adjust the Indicator Period and Volume Strength Period to match the timeframe of your trading strategy. This fine-tuning allows the indicator to better align with your specific market analysis needs.
- Define the Strong Volume Threshold to distinguish between ordinary and significant volume movements. This helps in identifying breakout or reversal signals with higher confidence.
2. ๐จ Customize Visuals:
- Choose colors for Bullish , Bearish , and Breakout Signals to visually differentiate between different types of market activities. This customization facilitates quicker decision-making while scanning charts.
3. ๐ Reversal Signals:
- Bullish Reversal : Look for a triangle below the bar indicating a potential upward movement. It's identified when the price dips below the lower level but closes above it, suggesting a rejection of lower prices.
- Bearish Reversal : A triangle above the bar signals a potential downward movement. This occurs when the price spikes above the upper level but closes below, indicating a rejection of higher prices.
4. ๐ Trend and Breakout Signals:
- Diamonds represent breakout signals. A bullish breakout is marked below the bar when the price closes above the upper level, suggesting strong buying pressure. Conversely, a bearish breakout above the bar indicates strong selling pressure as the price closes below the lower level.
- The tool also features a Trend Tracker that highlights the current market trend using the Hull Moving Average (HMA). This can help you stay aligned with the overall market direction for your trades.
By integrating these steps into your trading strategy, the Reversal and Breakout Signals tool can provide actionable insights to help identify potential entry and exit points, enhancing your trading decisions with visual cues and alerts for market reversals and breakouts.
### How It Works:
The core logic revolves around calculating weighted moving averages of high and low prices over a user-defined period, identifying the highest and lowest points within this period to establish potential breakout or breakdown levels while reducing the amount of noise, hence the use of moving averages.
1. Weighted Moving Averages Calculation:
sh = ta.wma(high, len)
sl = ta.wma(low, len)
h = ta.highest(sh, len)
l = ta.lowest(sl, len)
2. Breakout and Reversal Detection:
The script then employs logic to detect bullish and bearish breakouts and reversals based on the closing price's position relative to these levels, combined with volume analysis to confirm the strength of the move.
if not (h < h or h > h )
hstore := h
if not (l < l or l > l )
lstore := l
bullishbreakout := (breakout or ((breakout or breakout or breakout or breakout ) and candledir == 1)) and strongvol and not (bullishbreakout or bullishbreakout or bullishbreakout )
bearishbreakout := (breakdown or ((breakdown or breakdown or breakdown or breakdown ) and candledir == -1)) and strongvol and not (bearishbreakout or bearishbreakout or bearishbreakout )
3. Visual Indicators and Alerts:
Visual cues such as triangle shapes for reversals and diamonds for breakouts, along with colored bars, make it easy to spot these opportunities. Additionally, alerts can be set up for these events, ensuring traders can react promptly to potential trading setups.
plotshape(bullishrej and not (state ==- 1) ? low * 0.9995 : na, " Bullish Reversal ", shape.triangleup, location.belowbar, color.new(green, 0), size = size.tiny, text = "๐ก", textcolor = color.gray)
plotshape(bearishrej and not (state == 1) ? high * 1.0005 : na, " Bearish Reversal ", shape.triangledown, location.abovebar, color.new(red, 0), size = size.tiny, text = "๐ก", textcolor = color.gray)
plotshape(bullishbreakout ? low * 0.999 : na, " Bullish Breakout ", shape.diamond, location.belowbar, color.new(yellow, 0), size = size.tiny, text = "๐", textcolor = color.gray)
plotshape(bearishbreakout ? high * 1.001 : na, " Bearish Breakout ", shape.diamond, location.abovebar, color.new(yellow, 0), size = size.tiny, text = "๐", textcolor = color.gray)
This script is a versatile tool designed to aid in the identification of key reversal and breakout points, helping traders to make informed decisions based on technical analysis. Its customization options allow for a tailored analysis experience, fitting the unique needs and strategies of each trader.
F.B_Stochastic Trend HarmonizerThe "F.B_Stochastic Trend Harmonizer" has been developed to provide insights into market trends. It combines stochastic oscillations with moving averages. Stochastic oscillators are used to measure market fluctuations, while moving averages serve to smooth these fluctuations and identify trends. By linking these elements, the indicator aims to offer an enhanced representation of market dynamics and potential trend reversals.
You can choose various types of moving averages such as SMA, EMA, or WMA and control the sensitivity of the lines by adjusting the smoothing factors. The fast line displays harmonized stochastic values, while the slow line is smoothed by a moving average.
The "Fast Line 2" marks individual candles for better visibility. It is recommended to combine this indicator with other analysis tools to make trading decisions.
If the "Fast Line" is greater than the "Slow Line MA," it indicates an uptrend. Conversely, if the "Fast Line" is smaller than the "Slow Line MA," it signals a downtrend.
Gaussian RibbonThe Gaussian Ribbon utilizes two "Arnaud Legoux" moving averages with the same length to identify changes in trend direction. The plotted channel consists of two lines, one based on the default offset and sigma values, and the other with slightly adjusted customizable parameters.
ALMA is a type of moving average that is related to the Gaussian function through its mathematical formula and the concept of weighted averages.
The ALMA is designed to reduce lag in moving averages and provide more timely responses to price changes. It achieves this by applying a Gaussian distribution (bell-shaped curve) as a weighting function to the price data.
The Gaussian function is used to calculate the weights in the ALMA formula. These weights give more importance to recent price data while gradually reducing the influence of older data points. This results in a smoother and more responsive moving average.
In summary, the Gaussian Ribbon uses the offset and power of the second ALMA to create a lag that still calculates using the same length.
Fibonacci Moving AverageFibonacci moving averages are a more reactive form of EMA utilizing the Fibonacci sequence (1 2 3 5 8 13 ... etc) to weight values.
This method gives several advantages of EMAs: they respond much sooner to price action while still weighting for past values and longer MAs (200 candle, 800 candle) etc moving averages can be calculated from candle 1 - handy for newly listed cryptocurrencies, equities, ETFs, etc.
The script allows for up to 5 moving averages. They can also be set as WMAs which weight older values more than recent to create slow/fast MAs.
They can be used the same way regular EMAs/WMAs are used: crossovers give trade entry/exit points, can indicate trend by alignment with other MAs and by their angle up/down, and - less useful for FMAs since no one else uses them - they can provide resistance.
21/55 EMA Cloud w/ Optional RibbonThis indicator behaves like a traditional EMA ribbon by using the 21, 25, 30, 35, 40, 45, 50, and 55 bar exponential moving averages. In this particular indicator, the traditional EMA ribbon lines are turned off by default leaving only a filled in area between the 21 and 55 bar averages. The filled in area is green when the 21 bar average is greater than the 55 and red otherwise. Additionally, the 9, 100, and 200 exponential moving averages are available for reference.
