Description:
This study project is a "Scalping Swing trading Tool" and is an alternative to the "Scalping Pullback Tool R1". It is designed for a two pane TradingView chart layout :
the first pane set to 15min Time Frame;
the second pane set to 1min Time Frame(TF).
The tools incorporates the majority of the indicators needed to analyse and scalp Trends...
This EMA allows you to specify a time-frame for the price used to calculate the moving average. For example, you can create 1 hour EMAs on your 5 minute chart.
NOTE: This indicator only works on intraday charts. The time-frame specified for the indicator must be greater than or equal to the time-frame of the chart.
Calculates the pip spread to a target EMA. When spread exceeds a standard deviation multiple set by user background area goes blue. Blue zones are extreme spreads and opportunities for a reversion to EMA Target trade.
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living".
You can adjust the EMA and ATR days that are the basis of these channels.
This is my first script – happy to get any feedback on this! Thanks :)
This is an extension of the Madrid Moving Average Ribbon public script to allow for different kinds of moving averages (the original allows only exponential and simple). Possible entries in the MA Type argument field are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema...
B3 EMA Entries = B3 EMA Ribbon "Trader"
This study takes the B3 EMA Ribbon and builds trade entries from it. The clouds represent the deviation from entry points; orange equals weakening or undetermined trend. Manage your own exits, and if you have a large deviation cloud in comparison to prior clouds.... take them profits!
Here also is a glimpse into my...
As a person versed in other languages of script, I am sharing my first pinescript. I have just thrown together some EMA lines and testing out the fill() function. I have some 400+ indicators I could make and share, so cheers to many more! As I get more versed in the language, I will make more intricate studies based on high math and sound strategy.
I originally wrote this script earlier this year for my own use. This released version is an updated version of my original idea based on more recent script ideas. As always with my Alert scripts please do not trade the CALL/PUT indicators blindly, always analyse each position carefully. Always test indicator in DEMO mode first to see if it profitable for your...
Use it with any forex currency pair or any stock with any timeframe.
It is a trend following trading strategy so works best in trending market.
So once you identify the market is trading you just simply use this trading strategy.
Video Explanation : Youtube
Detail Explanation : www.peopleisliking.com
This is an updated and improved version of my "Price Action Trading strategy". I have added two extra optional filters, one is a trend direction filter based on the MACD slow EMA(17), blue line, and the other is a RSI(7) filter which works similarly to CCI(14) but slightly different dynamics (thank you to gianfranco60 for the suggestion). Also made a couple of...
GUPPY MULTIPLE ESTIMATED MOVING AVERAGE (EMA) is for Trend Trading. This script uses three sets of crosses to give us an indicator of possible trend reversal. Red cross is the first alert, followed by blue and black. Black cross being the strongest, red cross weakest.
More information about Guppy Trading can be found in the link below
The standard EMA formula is EMA= Close - EMA(previous day)} x multiplier + EMA(previous day)
Multiplier = ( 2 /(Period + 1))
TimEMA makes the 2 in the multiplier calculation an input parameter. The larger that number is, the quicker the response.
