It's easy. Just look at the color bar at the candle. Orange - Prepare to sell. Red - Sell. Blue - Prepare to buy. Green - Buy The green EMA line is above the red line -bullished state. The green EMA line is under the red line - bearished stage. The blue EMA line is above the red and green lines, indicating confirm the status of the bullished stage.
This script is based on moving average cross overs, cross unders and finite SL. Number of trades being succesful is low, but due to tight SL it provides overall higher profitability. In back testing it showed good results on Bank NIFTY and NIFTY
Here we are using a ribbon of 32 different Jurik Moving Averages as an experiment in trend analysis.
Hello everyone Hoped you had a great weekend and are ready for what's coming this week I'll never fail to satisfy my audience on TradingView and I'll start by sharing some heavy stuff.... Imagine the most amazing thing you had in your life. You got it ? now multiply this good feeling by 100 !!! OK... now I have a tool that is beyond that litteraly. Don't...
Introduction The stochastic oscillator is a feature scaling method commonly used in technical analysis, this method is the same as the running min-max normalization method except that the stochastic oscillator is in a range of (0,100) while min-max normalization is in a range of (0,1). The stochastic oscillator in itself is efficient since it tell's us when the...
Exponential Moving Average on last 20, 50 and 200 close prices.
This is a backtest of the TMA Indicator v2.2 using default parameters. Backtest window: Jan 1, 2015 - Jul 21, 2019 (today) For more information on the indicator and strategy seen here please take a look at this backtest: For paper trading only. Do not use on real markets. Never make investment decisions based on this indicator alone.
This indicator is designed to show support and resistance at local extremes. Configurable SMA crossover events can be used to impart a bullish or bearish bias. This helps to reduce noise on the chart and increase profit factor. In other words, the indicator will only look for bullish breakouts if the fast moving average is above the slow moving average and...
Indicator Modeled After Krowns CrptoCave -CryptoLumberJack -BlazkingCryptoJunkies Web Slave Master