FlexiMA Variance Tracker - Strategy [presentTrading]█ Introduction and How It Is Different
The FlexiMA Variance Tracker by PresentTrading introduces a novel approach to technical trading strategies. Unlike traditional methods, it calculates deviations between a chosen indicator source (such as price or average) and a moving average with a variable length. This flexibility is achieved through a unique combination of a starting factor and an increment factor, allowing the moving average to adapt dynamically within a specified range. This strategy provides a more responsive and nuanced view of market trends, setting it apart from standard trading methodologies.
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█ Strategy, How It Works: Detailed Explanation
The FlexiMA Variance Tracker, developed by PresentTrading, stands at the forefront of trading strategies, distinguished by its adaptive and multifaceted approach to market analysis. This strategy intricately weaves various technical elements to construct a comprehensive trading logic. Here's an in-depth professional breakdown:
🔶Foundation on Variable-Length Moving Averages:
Central to this strategy is the concept of variable-length Moving Averages (MAs). Unlike traditional MAs with a fixed period, this strategy dynamically adjusts the length of the MA based on a starting factor and an incremental factor. This approach allows the strategy to adapt to market volatility and trend strength more effectively.
Each MA iteration offers a distinct temporal perspective, capturing short-term price movements to long-term trends. This aggregation of various time frames provides a richer and more nuanced market analysis, essential for making informed trading decisions.
🔶Deviation Analysis and Normalization:
The strategy calculates deviations of the price (or the chosen indicator source) from each of these MAs. These deviations are pivotal in identifying the immediate market direction relative to the average trend captured by each MA.
To standardize these deviations for comparability, they undergo a normalization process. The choice of normalization method (Max-Min or Absolute Sum) can significantly influence the interpretation of market conditions, offering distinct insights into price movements and trend strength.
🔹Normalization: Absolute Sum
🔶Composite Oscillator Construction:
A composite oscillator is derived from the median of these normalized deviations. The median serves as a balanced and robust central trend indicator, minimizing the impact of outliers and market noise.
Additionally, the standard deviation of these deviations is computed, providing a measure of market volatility. This volatility indicator is crucial for assessing market risk and can guide traders in setting appropriate stop-loss and take-profit levels.
🔶Integration with SuperTrend Indicator:
The FlexiMA strategy integrates the SuperTrend indicator, renowned for its effectiveness in identifying trend direction and reversals. The SuperTrend's incorporation enhances the strategy's ability to filter out false signals and confirm genuine market trends.
* The SuperTrend Toolkit is made by @QuantiLuxe
This combination of the variable-length MA oscillator with the SuperTrend indicator forms a potent duo, offering traders a dual-confirmation mechanism for trade signals.
🔹Supertrend's incorporation
🔶Strategic Trade Signal Generation:
Trade signals are generated when there is a confluence between the composite oscillator and the SuperTrend indicator. For example, a long position signal might be considered when the oscillator suggests an uptrend, and the SuperTrend flips to bullish.
The strategy's parameters are fully customizable, enabling traders to tailor the signal generation process to their specific trading style, risk tolerance, and market conditions.
█ Usage
To effectively employ the FlexiMA Variance Tracker strategy:
Traders should set their desired trade direction and fine-tune the starting and increment factors according to their market analysis and risk tolerance.
Indicator Length: 5
Indicator Length: 40
The strategy is suitable for a wide range of markets and can be adapted to different time frames, making it a versatile tool for various trading scenarios.
█ Default Settings Impact on Performance: FlexiMA Variance Tracker
1. Trade Direction (Configurable: Long, Short, Both): Determines trade types. 'Long' for buying, 'Short' for selling, 'Both' adapts to market trends.
2. Indicator Source: HLC3: Balances market sentiment by considering high, low, and close, providing comprehensive period analysis.
4. Indicator Length (Default: 10): Baseline for moving averages. Shorter lengths increase responsiveness but add noise, while longer lengths favor trends.
5. Starting and Increment Factor (Default: 1.0): Adjusts MA lengths range. Higher values capture broad market dynamics, lower values focus analysis.
6. Normalization Method (Options: None, Max-Min, Absolute Sum): Standardizes deviations. 'None' for raw deviations, 'Max-Min' for relative scaling, 'Absolute Sum' emphasizes relative strength.
7. SuperTrend Settings (ATR Length: 10, Multiplier: 15.0): Influences indicator sensitivity. Short ATR or high multiplier for short-term, long ATR or low multiplier for long-term trends.
8. Additional Settings (Mesh Style, Color Customization): Enhances visual clarity. Mesh style for detailed deviation view, colors for quick market condition identification.
المتوسط المتحرك البسيط
Average Percentage ChangeThis indicator computes the average percentage change between Simple Moving Averages (SMAs) of high and low prices over a specified lookback length.
The 'length' input determines the period for calculating the SMAs.
The resulting line, represented by 'AVG', displays the percentage change, indicating potential shifts or trends in price momentum.
Traders can use this indicator to identify periods of potential volatility or significant price movements.
Note for Traders:
- Adjust the 'length' input for different analysis periods.
- Watch for crossovers or divergences between the AVG line and price action for potential trading signals.
- Combine with other indicators or analysis techniques for comprehensive market insights.
Originality and Usefulness:
This script provides a unique perspective by evaluating the average percentage change, derived from SMAs of high and low prices, offering traders insights into potential price momentum shifts.
Triple Moving Averages (Gradient, Alarm & Multi TF)Triple Moving Averages
Features:
- 7 Different MA's (RMA, SMA, EMA, 'WMA', HMA, DEMA, EMA)
- Gradient coloring
- Multi timeframe
- Crossover alarm's and alarm delay function
- Forecasting (By removing the last bar in the MA period)
Moving Average to easely identify the trend and trend strength.
Gradient coloring and personal color preferences can be made.
Alert Delay System
When timing is essentially, this helps you get the alarm just in time.
Use it with the triggers ONLY ONCE PER BAR or ONLY ONCE. Then the alarm comes before the close, but you don't have to worry about it triggering just seconds after bar open :)
Default = 15m Recomended for 1h chart
Alarm's
Get the alarms before it's actually crossing or when it crosses
*This is not a selfmade indicator but simply merging from several indicators and added alert delay function and multi timeframe support
// Credits
- BigBitsIO Script : Scripting Tutorial 6 Triple Many Moving Averages Forecasting
- PineCoders Script : Color Gradient Framework PineCoders
Advanced Dynamic Threshold RSI [Elysian_Mind]Advanced Dynamic Threshold RSI Indicator
Overview
The Advanced Dynamic Threshold RSI Indicator is a powerful tool designed for traders seeking a unique approach to RSI-based signals. This indicator combines traditional RSI analysis with dynamic threshold calculation and optional Bollinger Bands to generate weighted buy and sell signals.
Features
Dynamic Thresholds: The indicator calculates dynamic thresholds based on market volatility, providing more adaptive signal generation.
Performance Analysis: Users can evaluate recent price performance to further refine signals. The script calculates the percentage change over a specified lookback period.
Bollinger Bands Integration: Optional integration of Bollinger Bands for additional confirmation and visualization of potential overbought or oversold conditions.
Customizable Settings: Traders can easily customize key parameters, including RSI length, SMA length, lookback bars, threshold multiplier, and Bollinger Bands parameters.
Weighted Signals: The script introduces a unique weighting mechanism for signals, reducing false positives and improving overall reliability.
Underlying Calculations and Methods
1. Dynamic Threshold Calculation:
The heart of the Advanced Dynamic Threshold RSI Indicator lies in its ability to dynamically calculate thresholds based on multiple timeframes. Let's delve into the technical details:
RSI Calculation:
For each specified timeframe (1-hour, 4-hour, 1-day, 1-week), the Relative Strength Index (RSI) is calculated using the standard 14-period formula.
SMA of RSI:
The Simple Moving Average (SMA) is applied to each RSI, resulting in the smoothing of RSI values. This smoothed RSI becomes the basis for dynamic threshold calculations.
Dynamic Adjustment:
The dynamically adjusted threshold for each timeframe is computed by adding a constant value (5 in this case) to the respective SMA of RSI. This dynamic adjustment ensures that the threshold reflects changing market conditions.
2. Weighted Signal System:
To enhance the precision of buy and sell signals, the script introduces a weighted signal system. Here's how it works technically:
Signal Weighting:
The script assigns weights to buy and sell signals based on the crossover and crossunder events between RSI and the dynamically adjusted thresholds. If a crossover event occurs, the weight is set to 2; otherwise, it remains at 1.
Signal Combination:
The weighted buy and sell signals from different timeframes are combined using logical operations. A buy signal is generated if the product of weights from all timeframes is equal to 2, indicating alignment across timeframe.
3. Experimental Enhancements:
The Advanced Dynamic Threshold RSI Indicator incorporates experimental features for educational exploration. While not intended as proven strategies, these features aim to offer users a glimpse into unconventional analysis. Some of these features include Performance Calculation, Volatility Calculation, Dynamic Threshold Calculation Using Volatility, Bollinger Bands Module, Weighted Signal System Incorporating New Features.
3.1 Performance Calculation:
The script calculates the percentage change in the price over a specified lookback period (variable lookbackBars). This provides a measure of recent performance.
pctChange(src, length) =>
change = src - src
pctChange = (change / src ) * 100
recentPerformance1H = pctChange(close, lookbackBars)
recentPerformance4H = pctChange(request.security(syminfo.tickerid, "240", close), lookbackBars)
recentPerformance1D = pctChange(request.security(syminfo.tickerid, "1D", close), lookbackBars)
3.2 Volatility Calculation:
The script computes the standard deviation of the closing price to measure volatility.
volatility1H = ta.stdev(close, 20)
volatility4H = ta.stdev(request.security(syminfo.tickerid, "240", close), 20)
volatility1D = ta.stdev(request.security(syminfo.tickerid, "1D", close), 20)
3.3 Dynamic Threshold Calculation Using Volatility:
The dynamic thresholds for RSI are calculated by adding a multiplier of volatility to 50.
dynamicThreshold1H = 50 + thresholdMultiplier * volatility1H
dynamicThreshold4H = 50 + thresholdMultiplier * volatility4H
dynamicThreshold1D = 50 + thresholdMultiplier * volatility1D
3.4 Bollinger Bands Module:
An additional module for Bollinger Bands is introduced, providing an option to enable or disable it.
// Additional Module: Bollinger Bands
bbLength = input(20, title="Bollinger Bands Length")
bbMultiplier = input(2.0, title="Bollinger Bands Multiplier")
upperBand = ta.sma(close, bbLength) + bbMultiplier * ta.stdev(close, bbLength)
lowerBand = ta.sma(close, bbLength) - bbMultiplier * ta.stdev(close, bbLength)
3.5 Weighted Signal System Incorporating New Features:
Buy and sell signals are generated based on the dynamic threshold, recent performance, and Bollinger Bands.
weightedBuySignal = rsi1H > dynamicThreshold1H and rsi4H > dynamicThreshold4H and rsi1D > dynamicThreshold1D and crossOver1H
weightedSellSignal = rsi1H < dynamicThreshold1H and rsi4H < dynamicThreshold4H and rsi1D < dynamicThreshold1D and crossUnder1H
These features collectively aim to provide users with a more comprehensive view of market dynamics by incorporating recent performance and volatility considerations into the RSI analysis. Users can experiment with these features to explore their impact on signal accuracy and overall indicator performance.
Indicator Placement for Enhanced Visibility
Overview
The design choice to position the "Advanced Dynamic Threshold RSI" indicator both on the main chart and beneath it has been carefully considered to address specific challenges related to visibility and scaling, providing users with an improved analytical experience.
Challenges Faced
1. Differing Scaling of RSI Results:
RSI values for different timeframes (1-hour, 4-hour, and 1-day) often exhibit different scales, especially in markets like gold.
Attempting to display these RSIs on the same chart can lead to visibility issues, as the scaling differences may cause certain RSI lines to appear compressed or nearly invisible.
2. Candlestick Visibility vs. RSI Scaling:
Balancing the visibility of candlestick patterns with that of RSI values posed a unique challenge.
A single pane for both candlesticks and RSIs may compromise the clarity of either, particularly when dealing with assets that exhibit distinct volatility patterns.
Design Solution
Placing the buy/sell signals above/below the candles helps to maintain a clear association between the signals and price movements.
By allocating RSIs beneath the main chart, users can better distinguish and analyze the RSI values without interference from candlestick scaling.
Doubling the scaling of the 1-hour RSI (displayed in blue) addresses visibility concerns and ensures that it remains discernible even when compared to the other two RSIs: 4-hour RSI (orange) and 1-day RSI (green).
Bollinger Bands Module is optional, but is turned on as default. When the module is turned on, the users can see the upper Bollinger Band (green) and lower Bollinger Band (red) on the main chart to gain more insight into price actions of the candles.
User Flexibility
This dual-placement approach offers users the flexibility to choose their preferred visualization:
The main chart provides a comprehensive view of buy/sell signals in relation to candlestick patterns.
The area beneath the chart accommodates a detailed examination of RSI values, each in its own timeframe, without compromising visibility.
The chosen design optimizes visibility and usability, addressing the unique challenges posed by differing RSI scales and ensuring users can make informed decisions based on both price action and RSI dynamics.
Usage
Installation
To ensure you receive updates and enhancements seamlessly, follow these steps:
Open the TradingView platform.
Navigate to the "Indicators" tab in the top menu.
Click on "Community Scripts" and search for "Advanced Dynamic Threshold RSI Indicator."
Select the indicator from the search results and click on it to add to your chart.
This ensures that any future updates to the indicator can be easily applied, keeping you up-to-date with the latest features and improvements.
Review Code
Open TradingView and navigate to the Pine Editor.
Copy the provided script.
Paste the script into the Pine Editor.
Click "Add to Chart."
Configuration
The indicator offers several customizable settings:
RSI Length: Defines the length of the RSI calculation.
SMA Length: Sets the length of the SMA applied to the RSI.
Lookback Bars: Determines the number of bars used for recent performance analysis.
Threshold Multiplier: Adjusts the multiplier for dynamic threshold calculation.
Enable Bollinger Bands: Allows users to enable or disable Bollinger Bands integration.
Interpreting Signals
Buy Signal: Generated when RSI values are above dynamic thresholds and a crossover occurs.
Sell Signal: Generated when RSI values are below dynamic thresholds and a crossunder occurs.
Additional Information
The indicator plots scaled RSI lines for 1-hour, 4-hour, and 1-day timeframes.
Users can experiment with additional modules, such as machine-learning simulation, dynamic real-life improvements, or experimental signal filtering, depending on personal preferences.
Conclusion
The Advanced Dynamic Threshold RSI Indicator provides traders with a sophisticated tool for RSI-based analysis, offering a unique combination of dynamic thresholds, performance analysis, and optional Bollinger Bands integration. Traders can customize settings and experiment with additional modules to tailor the indicator to their trading strategy.
Disclaimer: Use of the Advanced Dynamic Threshold RSI Indicator
The Advanced Dynamic Threshold RSI Indicator is provided for educational and experimental purposes only. The indicator is not intended to be used as financial or investment advice. Trading and investing in financial markets involve risk, and past performance is not indicative of future results.
The creator of this indicator is not a financial advisor, and the use of this indicator does not guarantee profitability or specific trading outcomes. Users are encouraged to conduct their own research and analysis and, if necessary, consult with a qualified financial professional before making any investment decisions.
It is important to recognize that all trading involves risk, and users should only trade with capital that they can afford to lose. The Advanced Dynamic Threshold RSI Indicator is an experimental tool that may not be suitable for all individuals, and its effectiveness may vary under different market conditions.
By using this indicator, you acknowledge that you are doing so at your own risk and discretion. The creator of this indicator shall not be held responsible for any financial losses or damages incurred as a result of using the indicator.
Kind regards,
Ely
Double Simple Moving AverageThe Double Simple moving average is an indicator developed to help traders identify dynamic levels of support and resistance as well as determine current trend direction.
This indicator shows both an SMA calculated on highs and one calculated on lows. In addition to that, it plots the deviation bands based on the space between the two main lines.
The gradient color between the two main lines can be used to determine the volumetric pressure and confirmation of the current trend.
What RSI? Weighted Heiken Ashi Triple RSIWhat You're Looking At:
The indicator presents a few key elements on its pane which is separate from the price chart:
Smoothed RSI Average Line: This line represents an average of three different RSI calculations, each weighted differently. It's been smoothed out to reduce noise and help you see the trend more clearly.
Moving Average Line: This is a line that smooths out the average RSI line even further and helps you identify the overall trend.
Bollinger Bands: These are two lines that create a channel around the RSI average line. The upper band typically represents an overbought condition, and the lower band represents an oversold condition.
Background Color: The background of the indicator pane will change colors to indicate buy (green) or sell (red) signals.
Horizontal Lines: There are horizontal lines drawn at levels 70, 50, and 30. These represent overbought, midpoint, and oversold levels, respectively.
How to Operate and Interpret:
Trend Identification: Look at the moving average line. If it's trending upwards, the overall momentum may be considered bullish. If it's trending downwards, the momentum may be bearish.
Buy Signals: You may consider a buy signal when:
The smoothed RSI average crosses above the moving average line.
The smoothed RSI average is below 30 and starts to rise, crossing the oversold line.
The background color turns green, signifying favorable conditions to buy according to the indicator's logic.
Sell Signals: You may consider a sell signal when:
The smoothed RSI average crosses below the moving average line.
The smoothed RSI average is above 70 and starts to fall, crossing the overbought line.
The background color turns red, signifying favorable conditions to sell according to the indicator's logic.
Overbought/Oversold Conditions: When the smoothed RSI line touches or crosses the Bollinger Bands, it could be indicating that the asset is overbought (upper band) or oversold (lower band). Some traders use these conditions to look for potential reversals.
Cautions for Trading:
If the smoothed RSI average is between the bands and near the middle line (50), the market might be considered neutral, and some traders may choose to wait for clearer signals.
Just because the indicator gives a buy or sell signal, it doesn't mean the price will immediately move in that direction. It's important to consider other factors in your trading strategy.
Final Notes:
Always use this indicator in conjunction with other analysis methods. No indicator is perfect, and they should be used to supplement your trading strategy, not replace it.
It's important to set stop losses according to your risk tolerance when entering any trades based on these signals.
Practice with the indicator in a demo account to become familiar with its behavior before using it with real money.
By following the movements and signals of this indicator, you can get a sense of the momentum and potential entry or exit points in the markets you are trading.
SMA Crossover Support & Resistance [Rami_LB]This indicator draws a horizontal line on the price chart at the point where two pre-defined SMA (Simple Moving Average) lines intersect. It is most useful for identifying crossed SMA lines on the 1-hour chart and then trading on smaller chart intervals.
For optimal performance, it is recommended to customize the values of the SMA lines individually for each currency pair, as these values can vary from one pair to another. To do this, switch to the 1-hour chart and adjust the SMA parameters until you visually observe that these settings would yield favorable results based on historical data. Certainly, you can also adjust the length of the lines accordingly when you switch from the 1-hour chart to smaller timeframes.
Please note that this indicator allows traders to visually identify potential trend changes and crossovers between short-term and long-term moving averages, aiding in decision-making for trading strategies.
Multi EMA/SMADescription:
This indicator combines both an Exponential Moving Average (EMA) and a Simple Moving Average (MA). The user can customize the lengths of both the EMA and the MA, as well as their respective colors and line widths.
Features:
Custom Lengths for EMA and MA: The user can specify the desired length for both the EMA and the MA.
Visibility Control: There are options to only display the MA and EMA during the times the price crosses them. This helps in highlighting significant crossover points. Additionally, the user can define how many bars before and after the crossover they wish to visualize the MA and EMA.
Customizable Appearance: The color and line width for both the MA and the EMA can be adjusted as per user preferences.
Dynamic Labels: The indicator provides labels that display the current values of the MA and the EMA. Additionally, these labels dynamically update to reflect any changes to the EMA or MA length input by the user.
Smart MAThe Smart MA indicator is a tool designed for traders seeking insights into market trends, with its foundation rooted in moving averages. It offers two distinctive color options, with "Crossing" as the default choice and "Direction" as an alternative. Let's delve deeper into these options:
1. "Crossing" Color Option (Default):
Key Features:
Utilizes the interaction between fast and slow moving averages.
The color of the base moving average (MA) line dynamically changes based on crossovers between these moving averages.
Offers real-time visual signals for potential shifts in market sentiment.
Interpretation:
With the "Crossing" color option as the default setting, the base MA line's color responds to the interaction of the fast and slow moving averages.
A crossover where the fast MA crosses above the slow MA may prompt the base MA line to change to a bullish color (e.g., teal), indicating a potential bullish trend.
Conversely, if the fast MA crosses below the slow MA, the base MA line's color may alter to represent a bearish sentiment (e.g., red). This color shift provides a visual marker for a potential bearish trend, potentially guiding traders towards shorting opportunities.
2. "Direction" Color Option:
Key Features:
Focuses on the directional trend of the base moving average (MA).
The color of the base MA line signifies the direction in which the base MA is moving.
Aids in quickly identifying the prevailing market trend.
Interpretation:
Uptrend - Bullish Direction: When the base MA slopes upward, indicating an average price increase over the chosen base MA length, the base MA line's color may shift to a bullish hue (e.g., teal). This visual cue signals a potential uptrend, suggesting favorable long positions.
Downtrend - Bearish Direction: If the base MA slopes downward, signifying an average price decrease over the selected base MA length, the base MA line could change to a bearish shade (e.g., red). This color shift acts as an indicator of a potential downtrend, implying possible opportunities for shorting.
Customization:
Both color options allow traders to adjust the indicator's parameters, including base MA length, MA type, fast MA length, and slow MA length, to align with their trading strategies and preferred timeframes.
In summary, the Smart MA indicator, based on moving averages, provides traders with two color options: the default "Crossing" and "Direction" as an alternative. The "Crossing" option leverages fast and slow moving averages to offer real-time visual cues for dynamic market shifts. The "Direction" option simplifies trend analysis by focusing on the directional trend of the base MA. The choice between these options depends on your trading style and the depth of analysis you require. With the Smart MA indicator, you're equipped to make informed trading decisions in today's financial markets.
Sentiment Range MA [ChartPrime]The "Sentiment Range MA" provides traders with a dynamic perspective on market activity, emphasizing both stability in chop zones and quick adaptability outside of them.
Key Features:
Chop Zone Stability: In choppy markets, this indicator remains consistent, filtering out the noise to provide a clear view.
Quick Adaptability: Should the price break out of these zones, the indicator recalibrates promptly.
Dynamic Support and Resistance: Adapts based on the latest price action, serving as an evolving reference point.
Emphasis on Recent Levels: The tool factors in the latest notable market levels to stay relevant and timely.
Configurations:
Data Source: Choose your desired metric, though many default to the closing price.
Output Smoothing: Adjust the SR MA's response to market movements.
Trigger Smoothing: Refine boundary definitions based on your market insights.
ATR Period: Set the period for the ATR, influencing the surrounding boundary's width.
Range Multiplier: Control the ATR's effect on the range.
Range Switch: Flip between high-low and open-close values for range determination.
Visuals
Sentiment Range MA Line:
- This is the flowing line that transitions between green and red.
- When it's green, it indicates bullish momentum in the market. This suggests a prevailing upward trend and can be an entry cue for traders who trade with the trend.
- When it turns red, bearish sentiments dominate. It indicates the potential beginning of a downtrend or a continued downtrend. Traders might interpret this as a signal to be cautious, to short the market, or to exit long positions.
The Chop Zone:
- This is the space between the price candles and the Sentiment Range MA line. It represents a region where the price is considered to be moving sideways or without a clear direction. Price movements within the chop zone might not be substantial enough to warrant a trading decision. Only when the price breaks out of this zone do we see the Sentiment Range MA line change color, signaling a potential trading opportunity.
By interpreting these visuals, traders can make more informed decisions based on the prevailing market sentiment and trend. The chart becomes a tool, providing both an overview of the market condition and potential entry or exit points based on the Sentiment Range MA indicator's readings.
Detailed Settings Overview
Understanding the settings of the Sentiment Range MA Indicator can greatly enhance its utility in your trading strategy. Let's dive deeper into each:
Output Smoothing:
Purpose: It refines the SR MA to provide a clearer trend perspective.
Functionality:
- At `0`, it ensures the indicator responds immediately to price deviations from the chop zone.
- At higher values, it transforms the indicator into a volatility-adjusted moving average.
Filtering Modes:
- Single Filtering: Prioritizes speed.
- Double Filtering: Emphasizes stability.
Trigger Smoothing:
Purpose: Used for the range break detection.
Functionality: It dampens the indicator's sensitivity to sudden market volatility, preventing unnecessary triggers.
ATR Length:
Purpose: Governs the retrospective period for the chop zone.
Functionality:
- Higher values offer a more consistent and broad range size, capturing more historical data.
- Lower values allow for a more adaptive and responsive range.
Range Multiplier:
Purpose: Modifies the breadth of the range around the SR MA.
Functionality: Increasing the multiplier will extend the range, giving more leeway before triggering, while decreasing it will narrow the range, making the indicator more responsive to price changes.
Range Style:
Purpose: Decides which candlestick data is factored into the true range calculations.
Options:
- Body: Uses the open and close values.
- Wick: Accounts for the high and low values.
Functionality: Switching between styles lets you prioritize either the overall volatility (Wick) or just the concluded price action for a period (Body).
By fine-tuning these settings, traders can tailor the Sentiment Range MA Indicator to various market conditions and personal trading styles, ensuring optimal decision-making.
Quick Start
Based on the provided chart, here's a brief explanation of the default settings for the Sentiment Range MA Indicator:
Length: Set at ` 20 `.
- This determines the base moving average period. A standard setting, it calculates the average price over the last 20 periods, providing traders with a clear perspective of short-term trends.
ATR Length: Set at ` 200 `.
- This adjusts the lookback period for the Average True Range (ATR), which in turn influences the chop zone calculation. At a setting of 200, it offers a comprehensive view, considering a longer stretch of historical data.
Range Multiplier: Set at ` 6 `.
- This multiplies the ATR value, widening or narrowing the band around the SR MA. A setting of 6 means the range around the SR MA is determined by multiplying the ATR by 6, offering a broader fluctuation zone.
On the chart, the green line represents the bullish sentiment and the red represents the bearish sentiment. Price movements above and below these lines can be used as potential buy or sell signals respectively. Fine-tuning these settings can cater the Sentiment Range MA Indicator to your specific trading strategy and market condition preferences.
Alternative Settings
For traders looking to adapt to faster market conditions or prefer a more agile analysis, here's a brief description of the alternative settings for the Sentiment Range MA Indicator:
Length: Set at ` 3 `.
- This highly responsive setting calculates the average price over the last 3 periods. Ideal for quick market movements, it offers traders insights into very short-term price trends and potentially swift trade opportunities.
ATR Length: Set at ` 50 `.
- This shorter lookback period for the Average True Range (ATR) focuses on more recent market volatility, providing a tighter and more current chop zone calculation. It's suitable for those wanting to respond to recent market shifts.
Range Multiplier: Set at ` 4 `.
- Multiplying the ATR by 4 narrows down the buffer around the SR MA. This creates a tighter sentiment range, possibly resulting in more frequent crossovers and trading signals.
In the provided chart, the green line still denotes bullish momentum while the red symbolizes bearish sentiment. These alternative settings might generate more frequent signals, so traders should ensure their strategy is aligned with this heightened sensitivity.
Wrapping Up
The Sentiment Range MA melds stability and agility, making it a valuable tool in your trading toolkit. As always, before integrating new indicators, take the time to understand its nuances and potential impacts on your strategy.
MTF Moving AveragesThe MTF Moving Averages indicator allows users to plot multiple moving averages on different timeframes within the same chart on TradingView. This indicator supports four different timeframes: daily, weekly, monthly, and intraday.
For each timeframe, users can choose up to four moving averages to plot. They can also select the type of moving average (SMA, EMA, or WMA), the source (e.g., close price), and the length of each moving average. Additionally, users have the option to enable a "Trend Suite" for the second moving average on the daily timeframe. The Trend Suite adds 2 moving averages with source low and high.
In the intraday timeframe, the second moving average is calculated and plotted based on the daily timeframe.
The indicator provides customization options for colors, allowing users to define the colors for each moving average line.
The settings in the indicator are designed in a clear and organized manner.
Have fun
Moving Average with Start LineThis script paints a vertical line on the starting bar of a simple moving average to help anticipate directional changes. The line is the same color as the MA.
TTP Pair Slope/HedgePair slope/hedge uses linear regression to calculate the hedge ratio (slope) between the two assets within a period.
It allows you to specify a "from" and a "to" candle.
Example:
"A regression from 1000 candles back in time and ignore the last 100 candles. This would result in making a regression of 900 candles in total."
The formula used to perform the regression with the assts X and Y is:
Hedge =
mean( (X-mean(X))^2 )
——————————————————
mean( (X-mean(X)) * (Y-mean(Y)) )
You can later use the hedge in a chart of X - Hedge * Y
(Confirm with 1 / hedge )
If the plot is stationary the period tested should look like stationary.
If you cross an imaginary horizontal line across all the values in the period used it should look like a flat channel with values crossing above and below the line.
The purpose of this indicator is to help finding the linear regression test used for conintegration analysis. Conintegration assets is one of the requirements to consider assets for pair and hedge trading.
Magical SMAThis script is an intuitive trading alert system designed to identify potential entry points for both long and short positions. By utilizing a combination of Simple Moving Averages (SMA) and Ichimoku Cloud components, this script provides a robust framework for trend-following strategies.
Key Features:
SMA Crossover Detection: Monitors crossovers and crossunders between a 25-period and a 50-period SMA to signify potential bullish or bearish momentum.
Ichimoku Cloud Confirmation: Enhances the accuracy of entry signals by considering the position of the closing price relative to the Ichimoku Cloud's Lead Lines (A and B).
Long & Short Alert Conditions: Generates alert notifications for potential long and short entry signals based on the defined conditions.
Visualization: Plots the SMAs and Ichimoku Cloud components on the chart for better analysis and understanding of the prevailing market conditions.
Usage:
Long Entry Alert: Triggered when there's a crossover of the 25-period SMA above the 50-period SMA, and the closing price is above either of the Ichimoku Cloud's Lead Lines.
Short Entry Alert: Triggered when there's a crossunder of the 25-period SMA below the 50-period SMA, and the closing price is below either of the Ichimoku Cloud's Lead Lines.
This script is ideal for traders looking to capitalize on trend-following strategies with an additional layer of confirmation from the Ichimoku Cloud components. Whether you are trading equities, forex, or commodities, the "Chakibz" script is a valuable tool for identifying potential entry points and managing your trades.
Interactive MA Stop Loss [TANHEF]This indicator is "Interactive." Once added to the chart, you need to click the start point for the moving average stoploss. Dragging it afterward will modify its position.
Why choose this indicator over a traditional Moving Average?
To accurately determine that a wick has crossed a moving average, you must examine the moving average's range on that bar (blue area on this indicator) and ensure the wick fully traverses this area.
When the price moves away from a moving average, the average also shifts towards the price. This can make it look like the wick crossed the average, even if it didn't.
How is the moving average area calculated?
For each bar, the moving average calculation is standard, but when the current bar is involved, its high or low is used instead of the close. For precise results, simply setting the source in a typical moving average calculation to 'Low' or 'High' is not sufficient in calculating the moving average area on a current bar.
Moving Average Options:
Simple Moving Average
Exponential Moving Average
Relative Moving Average
Weighted Moving Average
Indicator Explanation
After adding indicator to chart, you must click on a location to begin an entry.
The moving average type can be set and length modified to adjust the stoploss. An optional profit target may be added.
A symbol is display when the stoploss and profit target are hit. If a position is create that is not valid, "Overlapping MA and Bar" is displayed.
Alerts
'Check' alerts to use within indicator settings (stop hit and/or profit target hit).
Select 'Create Alert'
Set the condition to 'Interactive MA''
Select create.
Alert messages can have additional details using these words in between two Curly (Brace) Brackets:
{{stop}} = MA stop-loss (price)
{{upper}} = Upper MA band (price)
{{lower}} = Lower MA band (price)
{{band}} = Lower or Upper stoploss (word)
{{type}} = Long or Short stop-loss (word)
{{stopdistance}} = Stoploss Distance (%)
{{targetdistance}} = Target Distance (%)
{{starttime}} = Start time of stoploss (day:hour:minute)
{{maLength}} = MA Length (input)
{{maType}} = MA Type (input)
{{target}} = Price target (price)
{{trigger}} = Wick or Close Trigger input (input)
{{ticker}} = Ticker of chart (word)
{{exchange}} = Exchange of chart (word)
{{description}} = Description of ticker (words)
{{close}} = Bar close (price)
{{open}} = Bar open (price)
{{high}} = Bar high (price)
{{low}} = Bar low (price)
{{hl2}} = Bar HL2 (price)
{{volume}} = Bar volume (value)
{{time}} = Current time (day:hour:minute)
{{interval}} = Chart timeframe
{{newline}} = New line for text
I will add further moving averages types in the future. If you suggestions post them below.
Price Volume Trend Crosses This script is a modified version of the Price Volume Trend ( PVT ) that uses a moving average of the PVT as a signal ( sig ) line.
The length of the signal line can be adjusted as needed by changing the "PVTC Signal Length" value inside the indicator settings menu.
"PVTC Signal Type" allows you to pick between EMA and SMA as the signal line.
Logic behind this script:
If PVT > sig it indicates an bullish environment and gets coloured with the UP color.
If PVT < sig it indicates a bearish environment and get coloured with the DOWN color.
Colors can be modified in the indicator settings menu.
Crosses can be highlighted by ticking the "Highlight Crosses" box in the indicator settings menu.
"Fill Gaps" fills the gap between PVT and sig with the prevailing trends color.
PVTC should not be used on its own but in conjunction with other indicators!
VWAP with CharacterizationThis indicator is a visual representation of the VWAP (Volume Weighted Average Price), it calculates the weighted average price based on trading volume. Essentially, it provides a measure of the average price at which an asset has traded during a given period, but with a particular focus on trading volume. In our case, the indicator calculates the VWAP for the current trading symbol, using a predefined simple moving average (SMA) with a period of 14. This volume-weighted moving average offers a clearer view of the behavior of the VWAP and, of consequence of market dynamics.
One of the distinctive features of this indicator is its ability to provide a more "linear" representation of the data. This means that the data is "smoothed" to remove noise, allowing you to more easily identify the direction of the market trend. This smoother representation is especially useful because the financial market can be subject to significant fluctuations and volatility, and this indicator can help get a more stable view of the trend.
The indicator also offers a visualization of the market trend in a very intuitive way. Using an evaluation of the highs and lows of the last 10 days, determine whether the market is in an uptrend, downtrend, or no trend at all. To make this evaluation even clearer and more immediate, the indicator line is colored dynamically. When the trend is bullish, the line is blue, while in case of a bearish trend, it takes on a distinctive color, such as pink. If the trend is not defined, the line will be colored differently, for example light yellow. This coloration gives traders an immediate visual indication of the prevailing trend, allowing them to make more informed decisions regarding trading operations.
One potential strategy involves watching candles when they cross the VWAP line strongly. If, for example, a candlestick breaks above the VWAP line, we may look for retest areas near key support levels to gauge a potential long entry. In other words, we would consider that the price may have the potential to rise further after breaking above the VWAP line, and we would look to enter a long position to take advantage of this opportunity.
On the other hand, if a candlestick crosses below the VWAP line, we might consider looking for retest areas near the VWAP line itself, which now serves as potential resistance. This could indicate a possible short entry opportunity, as the price may struggle to break above the resistance represented by the VWAP line after breaking it down. In this case, we would look to take advantage of the expected continuation of the downtrend.
In both cases, the idea is to exploit significant movements across the VWAP line as signals of potential reversal or continuation of the trend. This strategy can help identify key entry points based on price behavior relative to the VWAP line.
Tribute to David PaulI made this indicator as a tribute to the late David Paul .
He mentioned quite a lot about 89 periods moving average (especially on 4h), also the 21 and 55.
I put up some entries when three ma are crossed by price in the same direction, bull/bear backgrounds and a color code for candles because who doesn't love the feeling of a lasting trend.
To be more specific :
The indicator plots sma21, sma55, sma89 and AMA = (sma21+sma55+sma89)/3
When the closing price crosses the highest of the 3 sma, it is considered a bullish confirmation.
At this moment two lines appear, one on the bottom of the candle that crossed, one on the crossing point.
The lowest line can be used as the stop loss value of a long.
The highest line can be used as an entry point for a long.
When the closing price crosses the lowest of the 3 sma, it is considered a bearish confirmation.
At this moment two lines appear, one on the top of the candle that crossed, one on the crossing point.
The highest line can be used as the stop loss value of a short.
The lowest line can be used as an entry point for shorts.
When the closing price is above AMA, it is considered a bullish confirmation.
At this time a blue background appears at the crossing point.
The highest line can be used as the stop loss value for a long.
The starting point of the background can be used as the entry point for a long.
When the closing price is below AMA, it is considered a bearish confirmation.
At this time a red background appears at the crossing point.
The highest line can be used as the stop loss value for a short.
The starting point of the background can be used as the entry point for a short.
When the price is above 3 sma the candles turn blue. Signifying an upward trend.
When the price is below 3 sma the candles turn red. Signifying a bearish trend.
When the price is neither simultaneously above nor below the 3 sma, the candles are gray and the background linked to AMA becomes less vivid. Meaning a loss of vitality of the current trend or an absence of a clear trend.
Ideally, you should take a position towards "Real Long/Short Entry", set your stop loss towards "Ideal Long/Short Entry", and close the trade either when the background ends (riskier but more potential), or when the candles become gray (more conservative but noisier).
In the inputs, you can modify the display rules (explained in the tooltips), by default everything is displayed.
MA Support & Resistance SignalThis indicator is to show MA Support/Resistance and trend of a stock.
It contains three (3) Moving Averages that can be set to SMA or EMA:
1. Upper Line : SMA 5 (default)
2. Lower Line : SMA 20 (default)
3. Support/Resistance Line : SMA 10 (default)
Other signals:
1. Bull and Blue Dotted Line signal: Upper Line (SMA 5) crossover with Lower Line (SMA 20).
2. Bear and Red Dotted Line signal: Lower Line (SMA 20) crossover with Upper Line (SMA 5).
3. Red Triangle signal: Price closes below Support/Resistance Line (SMA 10).
4. Green Bar signal: Price breaks Support/Resistance Line (SMA 10).
The way how I use it:
- Since I don't like my chart to be crowded with a lot of moving averages, I will disable SMA 5 and SMA 10 and will only leave SMA 20 as my final support line.
- Entry when only:
1. Bull signal appeared.
2. Green bar appeared, or;
3. Price rebound on SMA 20.
I let the script open so that you guys can custom it based on your own preferences. Hope you guys enjoy it.
Moving Averages w/Signals [CSJ7]Unlock the power of three dynamic moving averages: Fast, Medium, and Slow. Choose between the reliability of Simple or the responsiveness of Exponential MAs. Plus, with our tailored Buy and Sell signals based on user-defined crossing scenarios, you're equipped with a clear roadmap in the ever-changing landscape of the markets.
1. Spot Trends with Ease: Our color-coded system makes identifying the market's direction intuitive. Green signals bullish momentum, while red indicates bearish movements.
2. Precision Signals: Navigate the markets confidently with our Buy and Sell signals, designed to highlight potential entry and exit points.
3. Gauge Trend Strength: The color intensity between the Medium and Slow MAs offers a visual cue on the trend's strength, ensuring you're always in the know.
Limitations:
- Inherent Lag: As with all moving average tools, there's a natural delay. But it's this reflective nature that offers valuable insights.
- Stay Alert in Sideways Markets: During consolidative phases, the indicator might produce occasional false signals. Always cross-reference with other tools.
- Customization is Key: The tool's true potential shines when you adjust the settings to align with your trading style and strategy.
4. How to Use:
Quick Setup: Select your preferred MA type, set the lengths, and define your ideal crossover scenarios. It's that simple!
Interpreting Signals: A green triangle below the price suggests a potential buying zone, while a red triangle above hints at a selling opportunity.
Trend Insights: The color gradient between the Medium and Slow MAs offers a visual representation of the trend's vigor. The more vibrant, the stronger the trend.
Elevate your trading strategy with the Moving Averages w/Signals & AutoTrade . With clarity and precision, it's the companion every trader deserves.
SMA/EMA/RSImagic 36.963 by IgorPlahutaTwo Elements in this script:
Alerts: These are notifications that draw your attention to specific market conditions. There are two types:
RSI Higher Lows or Lower Highs: This alert triggers when the Relative Strength Index (RSI) forms higher lows or lower highs.
RSI Exiting 30 (Up) or RSI Exiting 70 (Down): These alerts activate when the RSI crosses the 30 threshold upwards or the 70 threshold downwards.
ALL BUY/SELL: to catch both of them with one setting
To Set Up an Alert: To configure an alert, select the one relevant to your trading strategy, choose the "Greater than" option, and input a value of "0" (this essentially activates the alert). Adjust other settings as per your requirements.
Please note that these alerts should be used in conjunction with a system you trust for confirmation.
Moving Averages: This involves monitoring several moving averages:
SMA12, SMA20, EMA12, EMA20: These moving averages are highlighted with background colors to help you quickly identify changes or crossovers. They are superimposed on each other for easy comparison.
SMA 50, SMA200: These moving averages are also highlighted with background colors to spot crossovers, and their lines change color depending on their direction (falling in red or rising in green).
Enjoy using these tools in your trading endeavors!
3kilos BTC 15mThe "3kilos BTC 15m" is a comprehensive trading strategy designed to work on a 15-minute timeframe for Bitcoin (BTC) or other cryptocurrencies. This strategy combines multiple indicators, including Triple Exponential Moving Averages (TEMA), Average True Range (ATR), and Heikin-Ashi candlesticks, to generate buy and sell signals. It also incorporates risk management features like take profit and stop loss.
Indicators
Triple Exponential Moving Averages (TEMA): Three TEMA lines are used with different lengths and sources:
Short TEMA (Red) based on highs
Long TEMA 1 (Blue) based on lows
Long TEMA 2 (Green) based on closing prices
Average True Range (ATR): Custom ATR calculation with EMA smoothing is used for volatility measurement.
Supertrend: Calculated using ATR and a multiplier to determine the trend direction.
Simple Moving Average (SMA): Applied to the short TEMA to smooth out its values.
Heikin-Ashi Close: Used for additional trend confirmation.
Entry & Exit Conditions
Long Entry: Triggered when the short TEMA is above both long TEMA lines, the Supertrend is bullish, the short TEMA is above its SMA, and the Heikin-Ashi close is higher than the previous close.
Short Entry: Triggered when the short TEMA is below both long TEMA lines, the Supertrend is bearish, the short TEMA is below its SMA, and the Heikin-Ashi close is lower than the previous close.
Take Profit and Stop Loss: Both are calculated as a percentage of the entry price, and they are set for both long and short positions.
Risk Management
Take Profit: Set at 1% above the entry price for long positions and 1% below for short positions.
Stop Loss: Set at 3% below the entry price for long positions and 3% above for short positions.
Commission and Pyramiding
Commission: A 0.07% commission is accounted for in the strategy.
Pyramiding: The strategy does not allow pyramiding.
Note
This strategy is designed for educational purposes and should not be considered as financial advice. Always do your own research and consider consulting a financial advisor before engaging in trading.
EMA x 3 MAsThis indicator can be used for moving average strategies based on a EMA trigger over MAs (SMAs) : MA1 , MA2 , MA3 .
Based on those crossings, the background color will change for the upcoming candle showing green for upper crossing change (the more MA are crossed, the darker is the background). Order and priority of background colors :
1/ EMA x MA1
2/ EMA x MA2 (if EMA x MA1 confirmed)
3/ EMA x MA3 (if EMA x MA1and EMA x MA2 confirmed)
EMA and MAs can also be tuned with your own values in the parameters, therefore allowing you to try different strategies and to use the EMA and MAs as support/resistance indication.
You can set up the background and lines colors in the Style in the parameters.
