Double TRIX CrossoverTRIX is a great indicator to use on zero cross setups.... know what's even better? TRIX CROSS setups!!!
Faster in-and-out on trends, safer entry and exit signals in chop or consolidation. Base setup is 6 & 8 TRIX for longer time frames such as 4hr or 8hr; ideal or FX, Crypto, or volatile instruments. I haven't experimented with using this on lower time charts and adjusting the trix settings; if you do, drop a comment.
Crossover
Uhl MA Crossover SystemToday proposed indicator is based on the corrected moving average, an indicator originally proposed by Andreas Uhl professor at Salzburg University. This moving average is not the most well known, which is a pity since its design is extremely elegant.
The corrected moving average (CMA) is an adaptive moving average based on exponential averaging and aim to correct common problems of classical moving averages such as crosses occurring during sideway markets, more details will be introduced in the calculation section. The CMA aim to act as a slow moving average in a moving average crossover system.
Here a new fast adaptive moving average named corrected trend step (CTS) based on the CMA is introduced in order to provide a full moving average crossover system based on A. Uhl design.
To Andreas Uhl
Calculation And Understanding The CTS
Even if the code is quite compact, the original idea behind the CMA can be blurry for some users, however it is actually relatively simple to understand. The CMA is based on exponential averaging and a smoothing variable is therefore required, in the CMA the calculation of the smoothing variable is based on the squared distance between the precedent CMA output and a simple moving average, and the rolling variance, where the rolling variance act as threshold.
The CTS work the same way but instead of using the squared error between a simple moving average and the previous CMA output, we use the squared error between the closing price and the previous CTS output, this allow the CTS to better fit with the closing price. As said before the rolling variance act as threshold, if the squared error is lower than the rolling variance this mean that the CTS is close to the price, which can indicate a sideway market, therefore we should filter the entirety of the current price, therefore on sideways market the CTS is equal to the precedent value of the CTS.
In trending/volatile markets we expect the price to go away from the CTS, thus having an high squared error, if the squared error is greater than the rolling variance, the smoothing variable is equal to 1 - variance/squared error , here variance/squared error < 1 since the squared error is greater than the rolling variance ( remember that the smoothing variable need to be in a (0,1) range ), however if the squared error is way higher than variance this ratio will be small, which would return a non reactive output, but thats not what we want ! This is why we subtract 1 by this ratio in order to make the CTS more reactive instead of less reactive.
In case the squared error is greater than the rolling variance during sideway markets we would not expect a huge difference anyway, that is squared error ≈ variance and therefore:
1 - variance/squared error ≈ 1 - 1/1 ≈ 1 - 1 ≈ 0
This is a beautiful way to make an adaptive moving average, the CMA is not a flashy indicator, but when we look at the details behind the design we can only get amazed, or maybe that its just me, truly a great adaptive moving average.
The System
length control the filtering amount of both moving averages, with higher values of length returning larger filtering amount. Mult multiply the rolling variance by an user selected value, this also allow a greater amount of filtering.
The CTS act as a fast moving average while the CMA act as a slow moving average.
Here the indicator with length = 200, we can see how a sideway market who could have generated a large amount of signals don't affect our system.
Unlike classical crossovers systems where the slow moving average will rarely produce a cross with the fast moving average and price at the same time, the Uhl system can actually do that:
Conclusion
A moving average crossover system based on the corrected moving average proposed by Andreas Uhl has been presented, a new moving average that aim to produce good fits with the price has been created especially for this system. The logic behind the CMA has also been explained. A possible strategy analysis could be presented in the future.
In conclusion i would say the CMA is a bit underrated, in a field where arrows, signals, alerts are the only things appreciated by peoples, original content is slowly dying, this actually make today technical indicators have a pretty bad academic reputations. I'am afraid that today haiku master is Uhl rather than me, i hope to see more indicators from him in the future.
Thanks for reading !
Original paper: www.buero-uhl.de
Sequentially Filtered Moving AverageThe previously proposed sequential filter aimed to filter variations lower than a certain period, this allowed to remove noisy variations and retain only the closing price values that occurred after a consecutive up/down, however because of the noisy nature of the closing price large filtering was impossible, in order to tackle to this problem the same indicator using a simple moving average as input is proposed, this allow for smoother results.
We will see that the proposed indicator can provide an alternative moving average that could be used as slow moving average in crossover systems.
The Indicator
The length parameter as the same function as the one described in the sequential filter post, however here length also control the period of the moving average used input, in short larger values of length will return a smoother but less reactive output.
In blue the moving average with length = 200, and in red the moving average with length = 50.
It is interesting to see how the moving average remain flat during ranging/flat market periods
Unfortunately like the sequential filter the sequentially filtered moving average (SFMA) is not affected by large short term variations such as gaps or short term volatile events. This is because of the nature of the sequential filter to ignore movements amplitude and only focus on the variation period.
Moving Average Crossover System
The SFMA is equal to a simple moving average of period length when a consecutive up/down sequence of size length has occurred, else the SFMA is equal to its precedent value, therefore we could expect less crosses between a fast moving average and the SFMA as slow moving average.
We can see on the figure above that the fast moving average of period 50 (in green) cross more with the slow moving average of period 200 (in red) than with the SFMA of period 200 (in blue).
Crosses can occur at the same time as with the classical slow moving average (in red) or a bit later.
Conclusion
A new moving average based on the recently proposed sequential filter has been proposed, it can be seen that under a moving average crossover system the proposed moving average seems to be more effective at producing less crosses without necessarily doing it with an excessive lag, in fact the moving average has either lag (length-1)/2 or lag length .
In the future it could be interesting to provide an hybrid alternative that take into account volatility as well as variations period.
Thanks for reading !
Parametric Corrective Linear Moving AveragesImpulse responses can fully describe their associated systems, for example a linearly weighted moving average (WMA) has a linearly decaying impulse response, therefore we can deduce that lag is reduced since recent values are the ones with the most weights, the Blackman moving average (or Blackman filter) has a bell shaped impulse response, that is mid term values are the ones with the most weights, we can deduce that such moving average is pretty smooth, the least squares moving average has negative weights, we can therefore deduce that it aim to heavily reduce lag, and so on. We could even estimate the lag of a moving average by looking at its impulse response (calculating the lag of a moving average is the aim of my next article with Pinescripters) .
Today a new moving average is presented, such moving average use a parametric rectified linear unit function as weighting function, we will see that such moving average can be used as a low lag moving average as well as a signal moving average, thus creating a moving average crossover system. Finally we will estimate the LSMA using the proposed moving average.
Correctivity And The Parametric Rectified Linear Unit Function
Lot of terms are used, each representing one thing, lets start with the easiest one,"corrective". In some of my posts i may have used the term "underweighting", which refer to the process of attributing negative weights to the input of a moving average, a corrective moving average is simply a moving average underweighting oldest values of the input, simply put most of the low lag moving averages you'll find are corrective. This term was used by Aistis Raudys in its paper "Optimal Negative Weight Moving Average for Stock Price Series Smoothing" and i felt like it was a more elegant term to use instead of "low-lag".
Now we will describe the parametric rectified linear unit function (PReLU), this function is the one used as weighting function and is not that complex. This function has two inputs, alpha , and x , in short if x is greater than 0, x remain unchanged, however if x is lower than 0, then the function output is alpha × x , if alpha is equal to 1 then the function is equivalent to an identity function, if alpha is equal to 0 then the function is equivalent to a rectified unit function.
PReLU is mostly used in neural network design as an activation function, i wont explain to you how neural networks works but remember that neural networks aim to mimic the neural networks in the brain, and the activation function mimic the process of neuron firing. Its a super interesting topic because activation functions regroup many functions that can be used for technical indicators, one example being the inverse fisher RSI who make use of the hyperbolic tangent function.
Finally the term parametric used here refer to the ability of the user to change the aspect of the weighting function thanks to certain settings, thinking about it, it isn't a common things for moving averages indicators to let the user modify the characteristics of the weighting function, an exception being the Arnaud Legoux moving average (ALMA) which weighting function is a gaussian function, the user can control the peak and width of the function.
The Indicator
The indicator has two moving averages displayed on the chart, a trigger moving average (in blue) and a signal moving average (in red), their crosses can generate signals. The length parameter control the filter length, with higher values of length filtering longer term price fluctuations.
The percentage of negative weights parameter aim to determine the percentage of negative weights in the weighting function, note that the signal moving average won't use the same amount and will use instead : 100 - Percentage , this allow to reverse the weighting function thus creating a more lagging output for signal. Note that this parameter is caped at 50, this is because values higher than 50 would make the trigger moving average become the signal moving average, in short it inverse the role of the moving averages, that is a percentage of 25 would be the same than 75.
In red the moving average using 25% of negative weights, in blue the same moving average using 14% percent of negative weights. In theory, more negative weights = less lag = more overshoots.
Here the trigger MA in blue has 0% of negative weights, the trigger MA in green has however 35% of negative weights, the difference in lag can be clearly seen. In the case where there is 0% of negative weights the trigger become a simple WMA while the signal one become a moving average with linearly increasing weights.
The corrective factor is the same as alpha in PReLU, and determine the steepness of the negative weights line, this parameter is constrained in a range of (0,1), lower values will create a less steep negative weights line, this parameter is extremely useful when we want to reduce overshoots, an example :
here the corrective factor is equal to 1 (so the weighting function is an identity function) and we use 45% of negative weights, this create lot of overshoots, however a corrective factor of 0.5 reduce them drastically :
Center Of Linearity
The impulse response of the signal moving average is inverse to the impulse response of the trigger moving average, if we where to show them together we would see that they would crosses at a point, denoted center of linearity, therefore the crosses of each moving averages correspond to the cross of the center of linearity oscillator and 0 of same period.
This is also true with the center of gravity oscillator, linear covariance oscillator and linear correlation oscillator. Of course the center of linearity oscillator is way more efficient than the proposed indicator, and if a moving average crossover system is required, then the wma/sma pair is equivalent and way more efficient, who would know that i would propose something with more efficient alternatives ? xD
Estimating A Least Squares Moving Average
I guess...yeah...but its not my fault you know !!! Its a linear weighting function ! What can i do about it ?
The least squares moving average is corrective, its weighting function is linearly decreasing and posses negative weights with an amount of negative weights inferior to 50%, now we only need to find the exact percentage amount of negative weights. How to do it ? Well its not complicated if we recall the estimation with the WMA/SMA combination.
So, an LSMA of period p is equal to : 3WMA(p) - 2SMA(p) , each coefficient of the combination can give us this percentage, that is 2/3*100 = 33.333 , so there are 33.33% percent of negative weights in the weighting function of the least squares moving average.
In blue the trigger moving average with percentage of negative values et to 33.33, and in green the lsma of both period 50.
Conclusion
Altho inefficient, the proposed moving averages remain extremely interesting. They make use of the PReLU function as weighting function and allow the user to have a more accurate control over the characteristics of the moving averages output such as lag and overshoot amount, such parameters could even be made adaptive.
We have also seen how to estimate the least squares moving average, we have seen that the lsma posses 33.333...% of negative weights in its weighting function, another useful information.
The lsma is always behind me, not letting me focus on cryptobot super profit indicators using massive amount of labels, its like each time i make an indicator, the lsma come back, like a jealous creature, she want the center of attention, but you know well that the proposed indicator is inefficient ! Inefficient elegance (effect of the meds) .
Thanks for reading !
Simple EMA CrossQuick script I put together to complete the following:
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- Simple EMA with the option to either display both or consolidate them as one
- Single EMA will change color based on a cross of the two EMA values entered
- Programmed alerts for bullish/bearish crossover
Enjoy!
SMA Cross Entry & Exit StrategyThis is a TradingView Strategy Script meaning you can't execute real trades using your exchange API connected to your TradingView account, it is designed for backtesting only
This is a basic backtesting script for charting the bullish and bearish cross of two user defined simple moving averages, select the cog next to the name of the script ON the price chart in the left hand corner. The script will print to the screen either "Long Entry" or "Short Entry" depending on the direction of the cross. The script using TradingView strategies will subsequently close the opposite of the position that is executed when the bullish or bearish cross occurs. Simply put, if you are short and a bullish cross occurs, your short trade will close and be logged in strategies and the long will fire. You can pyramid the long and short positions to continue entering as long as the trend doesn't flip. You will find this in the script settings. Since this script is for backtesting you can manually set the "backtesting range" for TradingView Strategies and firing the "Long Entry" and "Short Entry". This as well, is in the settings.
Notice: When the SMA cross occurs, you have to wait till the next candle before TradingView Strategy will print the "Long Entry" or "Short Entry" to the screen
TradingView - How To Use Strategies: www.tradingview.com
(JS) Ultimate RSISo my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index ...
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So, let's begin with the first RSI indicator I made, which is the RSIDVW (Divergence/Volume Weighted);
To rephrase my original post, the "divergence/volume weighted" portion is meant to expand upon the current RSI format by adding more variables into the equation.
The standard RSI is based off one value that you select (open, close, OHLC4, HLC3, etc.) while this version takes three variables into account.
The default setting is to have RSI normal without anything added to it (Divergence Weight = 0)
1st - it takes the standard variable that RSI normally uses.
2nd - it factors RSI divergence by taking the RSI change % and price change % to form a ratio. Using this ratio, I duplicated the RSI formula and created a divergence RS to be factored in with the standard price RS .
3rd - it takes Relative Volume and amplifies/weakens the move based upon volume confirmation. (So if Relative Volume for a price bar is 1.0, the RSI plot would be the same as it normally would)
So to explain the parameters
- Relative Volume Length: This uses the RV length you specify to determine spikes in volume (or lack of volume ), which then is added into the formula to influence the strength of the RSI move
- RV x Divergence: This is how I calculated the original formula, but you can leave this unchecked to turn Relative Volume off, or apply elsewhere.
- RV x RS: There's two sides, Divergence RS and Standard RS - these check marks allow you to select which part you prefer to be multiplied by Relative Volume .
Checking neither turns off Relative Volume , while checking both amplifies its effects by placing it on both sides of the equation.
-Divergence Weight: This controls how much the DVW portion of the formula influences the RSI plot. As I referred to earlier, default is 0 making RSI normal. The Scale is 0-2, so 1.0 would be the same as 50%.
When I do have DVW on, I generally set it to 0.5
-SMA Divergence: To smooth, or not to smooth, that is the question. UJsing an SMA here is much smoother in my opinon, but leaving it unchecked runs it through an RMA the same way standard RSI is calculated.
-Show Fractal Channel: This allows you to see the whole fractal channel around the RSI (This portion of the code, compliments of the original Ricardo Santos fractal script)
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The next portion of the script is adding a "Slow RSI"...
This is rather simple really, it allows you to add a second RSI plot so that you can watch for crossovers between fast and slow lines.
-Slow RSI: This turns on the second RSI Plot.
-Slow RSI Length: This determines the length of the second RSI Plot.
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Pivot Point RSI was something a friend of mine requested I make which turned out pretty cool, I thought... It is also available in this indicator.
-Pivot Points: Selecting this enables the rest of the pivot point related parts of the script
If Pivot Points isn't selected, none of the following things will work
-Plot Pivot: Plots the pivot point .
-Plot S1/R1: Plots S1/R1.
-Plot S2/R2: Plots S2/R2.
-Plot S3/R3: Plots S3/R3.
-Plot S4/R4: Plots S4/R4.
-Plot S5/R5: Plots S5/R5.
-Plot Halfway Points: Plots a line between each pivot .
-Show Pivot Labels: Shows the proper label for each pivot .
When using intraday charts, from a 15 minute interval or less the pivots are calculated based on a single days worth of price action, above that the distance expands.
Here are the current resolutions Pivot Points will work with:
Minutes - 1 , 2, 3, 5, 10, 13, 15, 20, 30, 39, 78, 130, 195
Hours - 1, 2, 3, 4, 5, 6
Daily
Weekly
Currently not available on seconds or monthly
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Background Colors
Background Colors: I have six color schemes I created for this which can be toggled here (they can be edited).
Gray Background for Dark Mode: Having this on looks much better when using dark mode on your charts.
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Now finally the last portion, Fibonacci Levels
-Fibonacci Levels: This is off, by default, which then uses the standard levels on RSI (30-50-70). When turned on, it removes these and marks fib levels from 0.146 through 0.886.
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So the quick rundown:
Ultimate RSI contains "divergence/volume weighted" modifications, a slow RSI plot, pivot points , and Fibonacci levels all while auto-plotting divergence and having the trend illustrated in the background colors.
RSI has always been my "go to" indicator, so I hope you all enjoy this as much as I do!
BEST MA Cross/MACD ScreenerHello traders
Continuing deeper and stronger with the screeners' educational serie one more time
I - Concept
This is the first flexible screener I'm releasing. Screener detecting a convergence whenever the MACD and MM cross are giving a signal in the same direction.
Those who know me from TradingView ... are aware that I'm big on convergences. I totally think that 1 indicator isn't enough - whatever the timeframe.
But building my own convergence detection systems has been fruitful for me
II - How did I set the screener
The visual signals are as follow:
- square: MACD + MA cross convergence.
- diamond: Only MACD is selected
- circle: Only MA cross is selected
Then the colors are:
- green when bullish
- red when bearish
Example
Below, I highlighted why we see diamonds on the top screener panel. This is because I only selected the MACD filter
Cool Hacks
Don't forget that you can add the same indicator multiple times on your chart :)
Wishing you all the BEST trading
Dave
Market Adaptive Stop-LossI realized that the zone changes in the stoploss remained slow, so I couldn't make enough use of the characteristics of technical indicators when opening positions.
This pushed me to keep stop-loss under the influence of a dependent variable.
This script helped me a lot (everget) :
I've redesigned the stop-loss to be affected by intersections.
Therefore, this script is also suitable for adaptive moving averages, fractional periods.
Script features:
1.You can select calculation methods created by using various technical analysis methods from the scripts' settings:
-Moving Average Convergence Divergence ( Macd )
-Stochastic Oscillator ( Stoch )
-Stochastic Relative Strength Index (StochRSI)
-Stochastic Money Flow Index (StochMFI ) (More info : )
-Know Sure Thing ( KST )
-OBV ( On Balance Volume )
-SMA ( Simple Moving Average )
-EMA ( Exponential Moving Average )
-FISHERTRANSFORM ( Fisher Transform )
-AWESOMEOSCILLATOR( Awesome Oscillator )
-PSAR ( Parabolic Stop and Reverse - Parabolic SAR )
-HULLMA( Hull Moving Average )
-VWMA ( Volume Weighted Moving Average )
-RMA (Moving Average using in Relative Strength Index calculations.)
-COG (Center of Gravity )
-ACC-DIST ( Accumulation / Distribution Index )
2 - The region is determined according to the above calculation methods and if it is larger or smaller than the previous stop loss level.
And if the price in the negative zone is lower than the stoploss, it is the exact signal and is shown with more highlighted colors.
And, in the positive zone, where the price is greater than the stoploss, the trade zones are certain.
Shown with more highlighted colors.
If the zones are correct but stop-loss is not suitable for opening positions:
In other words, if the stop-loss is above/under the highest-lowest levels in the positive zone or if the stop loss is located in the lower zone in the negative zone, these zones are shown to be darker and dimmed so that they do not cause false movements.
*** SUMMARY : As a result, you can use this script with support and resistances,and trend lines to get good results.
I hope it helps in your analyzes. Best regards.
MAC-Z & MACD Leader signal [ChuckBanger]This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator.
Crossovers signals
The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal.
Zero line crossing
The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement.
Divergences
Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences.
There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well
medium.com
MACD Leader
The MACD leader is only showing the crossing of MACD as a vertical line
Green vertical line = MACD Leader Bullish Cross
Red vertical line = MACD Leader Bearish Cross
MACD Leader:
MAC-Z:
More Information
cssanalytics.wordpress.com
en.wikipedia.org
drive.google.com
150MA Cross BuyAndSell Strategy [d3nv3r]This is a Buy And Sell Strategy I haven't seen anywhere so i share mine.
Used on Bitcoin - daily chart - the strategy generate sell and buy indicator on crossover and crossunder the 150 simple moving average.
Scripting Tutorial 9 - TManyMA Strategy - Long Market Order OnlyThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy
- Strategy only enters long positions with a market order when MA crossovers occur
- Strategy exits positions when crossunders occur
- Trades 100% of the equity with one order/position by default
- Ability to disable trading certain crosses with input checks
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Scripting Tutorial 8 - Triple Many Moving Averages RibbonsThis script is for a triple moving average indicator where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
This script is meant as an educational script with well-formatted styling, and references for specific functions.
EMA X BF 🚀EMA Crossover Strategy
A simple EMA cross is a useful indication of a change in direction of a trend and is a very popular tool in trading. It can also be useful to judge price action momentum or severity by looking at the angle of the 2 EMAs, or the distance between them.
There are 2 Exponential Moving Averages, one fast and one slow. When the fast EMA crosses above the slow EMA, this can be considered bullish and may signal an upside move. Conversely, a cross to the downside of the fast EMA under the slow EMA can be considered bearish.
This strategy uses the same principle but uses different sources for the 2 EMAs; instead of using close values, we use ohlc4 values for the fast EMA and hlc3 values for the slow EMA.
The idea is that a trader might enter a long position upon a cross up and reverse position and go short upon the next cross down.
We use a simple 6% stop loss for both long and short positions.
This strategy is tuned to a 6hr chart for Bitcoin USD pairs.
INSTRUCTIONS
Go Long when the background is green
Go short when the background is red
White background means sideways market: a no trade zone
Renko Strategy with Ema against price crossover/underRenko Strategy with Ema against price crossover/under
Scripting Tutorial 7 - Triple Many Moving Averages ResolutionsThis script is for a triple moving average indicator where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile.
This script is meant as an educational script with well-formatted styling, and references for specific functions.
EMA 20/50 & 50/200 Cross StrategyThis is a simple script using the 20 50 & 200 EMAs
Future modifications coming. I plan to add volume and other plots to this strategy as I continue to develop it.
Scripting Tutorial 6 - Triple Many Moving Averages ForecastingThis script is for a triple moving average indicator where the user can select from different types of moving averages, price sources and lookback periods.
Features:
- 3 Moving Averages with variable MA types, periods, price sources and ability to disable each individually
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked on my profile.
This script is meant as an educational script with well-formatted styling, and references for specific functions.
SSL Channel w/alertSSL Channel with cross alert when channels cross up or down. Built on ErwinBeckers SSL Channel script.
VWAP/MVWAP/EMA CROSSOVEROnly difference in this one is that a EMA is used which should give quicker signals but theres a chance for more false signals as per usual use TA and other indicators to confirm positions. So far I've been liking the Vortex Indicator
When the VWAP (Thick Yellow) AND the two EMA (Orange and thin Yellow) cross above the MVWAP (Purple) then you will be in a uptrend that could possibly continue upwards. The opposite is true if you are looking a short opportunity, wait for the three other lines to cross under the MVWAP and you should be in a downtrend that could possibly continue downwards
Of course as with all indicators not every signal will be 100% accurate there is no way to predict human emotions when it comes to trading but based on the VWAP strategy used in other markets this is the closest I could get.
Note: Don't relay completely on this indicator to think for you. Use other forms of TA to confirm all positions before entering. And if the candles start trending the opposite direction after a lets say a mini pump/dump then the signal was false.
Finally this was made according to the 15 minute chart. I did not plan on remaking it for any other timeframes as I have left the code open for you to tweak and the setting are free to adjust aswell.
Q/A
Q: Does it repaint?
A: No, this is based on moving averages as far as I know they don't repaint.
Q: How did you come up with this indicator?
A: Went on youtube looking for trading strategies other and the usual EMA crosses and found a VWAP & EMA strat. I added the MVWAP and played with the numbers until I found something that I liked.
Q: How long have you been trading/learning pinescript?
A: Been trading less than a two months and pinescript about a month and a half.
VWAP/MVWAP/SMA CROSSOVERTo use this indicator is simple.
When the VWAP (Thick Yellow) AND the two SMA (Orange and thin Yellow) cross above the MVWAP (Purple) then you will be in a uptrend that could possibly continue upwards. The opposite is true if you are looking a short opportunity, wait for the three other lines to cross under the MVWAP and you should be in a downtrend that could possibly continue downwards
Of course as with all indicators not every signal will be 100% accurate there is no way to predict human emotions when it comes to trading but based on the VWAP strategy used in other markets this is the closest I could get.
Note: Don't relay completely on this indicator to think for you. Use other forms of TA to confirm all positions before entering. And if the candles start trending the opposite direction after a lets say a mini pump/dump then the signal was false.
Finally this was made according to the 15 minute chart. I did not plan on remaking it for any other timeframes as I have left the code open for you to tweak and the setting are free to adjust aswell.
Q/A
Q: Does it repaint?
A: No, this is based on moving averages as far as I know they don't repaint.
Q: How did you come up with this indicator?
A: Went on youtube looking for trading strategies other and the usual EMA crosses and found a VWAP & EMA strat. I added the MVWAP and played with the numbers until I found something that I liked.
Q: How long have you been trading/learning pinescript?
A: Been trading less than a two months and pinescript about a month and a half.