My HL2MA is a 'proprietary' formula based on the idea that I never again want to see a jagged average line. I released a version of this a long time ago, but I wanted to update it to how I have it on my charts in other platforms. Here are some notes about this moving average script: The default input value is 5, and I suggest the range of use 4-6 with the...
-This script uses a triple EMA strategy to establish trend direction and reversal points -Inputs are smoothed with Heiken Ashi values to reduce whipsaws, while providing timely execution -Buy and sell indications are dictated by bar color -Bar color is dictated by the candle close value in relation to the EMAs, specifically the faster of the 3 (If candle closes...
-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator. -Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line. -This...
Hi Guys, I would like to introduce you Trend quality cross indicator. The idea orginallybcomes from @kruskakli and his indicator "Trend Quality" so shout-out to him I have modified the indicator to display just binary option buy/sell and display diff percentage from previous cross. Also there is a difference that I have double smoothed tq indicator results to...
Hello Traders, This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily. There are three scaling methods: User Defined, Dynamic (ATR) and Percentage Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages Optionally you can hide the Wicks, example: You...
I assume that most of you already know Relative Strength Index indicator. It gives us the following signals in general, when we see the following conditions occur. If RSI crosses; 1. 30 above, it means BUY signal. 2. 50 above, it means WAIT signal. 3. 70 above, it means WAIT and be careful for SELL signal. 4. 70 below, it means SELL signal. 5. 50 below, it means...
%Bollinger Band Width This is a support indicator to the Main Indicator which has also been published. This indicator uses the close of a candle and compares where it is in relation to the upper and lower levels of a Bollinger Band. This is a centred oscillator where anything below the zero line is indicating a short signal and anything above zero is...
This "on chart" indicator is used purely as a visual sentiment to directional momentum of the pair you are looking at. it is split into two parts, both of which i will explain below. 1, The SMA (purple and blue fading visual mas) this is used to find the directional momentum 2, the DMA (a slightly delayed Moving Average), is used to decide if the market is...
|AG| Heiken Ashi Scanner Heiken Ashi shares some characteristics with standard candlestick charts but differs based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance,...
An indicator that shows multiple Smoothed Moving Averages, with buy/sell signals on the second and third moving averages crosses
Crossing the Smoothed Moving Averages with settings 5 & 13 give you confident signal for selling or buying. IMPORTANT: Signal is always late. SELL : Short SMMA (5) cross the Long SMMA (13) from top BUY : Short SMMA (5) cross the Long SMMA (13) from down
Balance Builder is the culmination of everything I've learned over the last few years and will be my exclusive FOREX and crypto trading indicator going forward. I will be developing and updating it on a regular basis. The unique signals it generates do not repaint, nor do they lag. What you are seeing is real-time and will not change once the current candle...
MACD normalized with its highest and lowest values over the last “Normalization period” - includes alerts
A set of smoothed moving averages that stay at a fixed timeframe, regardless of the timeframe of the chart but don't have nasty jaggedy lines. Instead, they are smooooooooooooth...
This Volume Effectiveness indicator is designed to allow users to try and identify how effective volume is on each candle, and smoothing those values over time to try to find trends. Volume Effectiveness is the % change in price for each single unit of volume on the associated candle. The value can be positive or negative, but there is an option to just monitor...
The Diffiulty Ribbon speaks to the impact of miner selling pressure on Bitcoin`s price action. When network difficulty reduces its rate of climb, miners are going out of business, leaving only the strong miners who proportionally need to sell less of their coins to remain operational, this leads to less sell pressure and more room for bullish price action. The...
Buying and Selling Smoothed with Histogram Smoothed version with version with a red line representing the selling pressure and a green line which represents the Buying pressure. If the green line is above the red line it would mean that the Buying pressure is more and vice versa. The difference between the two is plotted as a Histogram. This is a cumulative...
This smoothed RSI indicator is designed to allow users to try and identify periods of extended time in oversold and overbought areas using a smoothed RSI value. Features: - RSI - Period - Source - Resolution - Visibility - Smoothed RSI - Period - Moving Average Type - Visibility