Daily 9 EMA Plotted at Other Than Daily Time Frame
Credit to the great @Zoen Triste for his original script at:
I just amend it for the Daily, 4H and other time frames. The main function of the Daily 9EMA (pink line) is to easily distinguish the big trend. It is also for multi time frames dynamic support / resistance when trading using tf lower than Daily, without having to toggle between the time frames. Everything is there at a single time frame chart. I like to day trade and switch to swing trade when there is a solid setup for it. To be able to do that, I use 15mins tf together with the Daily 9EMA, 4H 34EMA and 4H 21EMA.
How to trade using this setup?
First of all, if price is below the pink line (Daily 9EMA), it means the big trend is downtrend (and vice versa). When price retrace and reach the blue (4H 21EMA) or black (4H 34EMA) or the pink (Daily 9EMA) line (look at the red arrows), if there is bearish divergence / slingshot at the MACD's histogram together with a reversal candle such as pin bar (shooting star), dark cloud cover or bearish engulf, it's a short setup. We don't need to put the Stop Loss immediately. We can wait for the price to resume in the direction of the big trend to trail the SL.
I do add up daily and weekly pivots and trendlines for additional support / resistance for greater confidence. If the above setup occurs at certain pivots and trendline, we'll have a very high probability setup. Please see the zoomed-in chart as below:
When price is above the pink line, the setup is just the opposite.
My conclusion: When day trading using this setup at smaller time frames such as 15mins, we don't have to toggle between 4H and 15min time frames to see where is the EMA21 and EMA34 at 4H for the moment.
It's like we are able to see a microscopic and bird's eye views at the same time using a single time frame chart.
Hareketli Ortalamanın Yakınsaması / Iraksaması (MACD)
Dual MACDI like the Dual MACD for detecting moves a bit earlier. I use the standard MACD for actual confirmation.
Derivative OscillatorThis indicator was originally developed by Constance (Connie) M. Brown (Journal of Technical Analysis (Winter-Spring 1994, 45-61): "Derivative Oscillator: A New Approach to an Old Problem").
Schaff Trend CycleThis indicator was originally developed by Doug Schaff in the 1990s (published in 2008).
Stochastic & MACD Strategy Ver 1.0This strategy is inspired by ChartArt and jasonluk28.
The following input changes from the initial ChartArt version to achieve higher stability and profit:
Fast MA Len:11
Slow MA len: 24
Stoch Len: 20
No difference is found in minor changes (+-10) lv. of overbought/oversold
It works above 40% winning rate in Heng Heng Index, Shanghai Composite, Dow Jones Industrial Averge, S&P 500 NASDAQ, VT (World Total Market) and in 15 mins chart
Profit: above ~10 to 30% in less than 1year backtest for most major indice of China and US and ~62% in Heng Seng Index (Hong Kong) & 40.5% in SZSE Composite (Shen Zhen)
P.S. Profit: 700 (Tencent) +150.5%, 939 (CCB) +66.5%, 1299 (AIA) +45%, 2628 (CLIC) +41%, 1 (CK Hutchison) +31%
NFLX +82.5%, BABA +55.5%, AMZN +44%, GOOG +38%, MCD +24.5%
However, Loss in FB -19% , AMD -38.5%
Not suitable for stocks with great influences in News or Events ???
Percentage Price OscillatorThe Percentage Price Oscillator (PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. As with its cousin, MACD, the Percentage Price Oscillator is shown with a signal line, a histogram and a center line. Signals are generated with signal line crossovers, center line crossovers, and divergences. More info here and here .
The indicator allows you to change the type of all moving averages (Simple, Exponential, Weighted, Volume-weighted, Triple EMA or a moving average that uses RSI ). The indicator also allows you to volume weight it(turned on by default), which will turn it into an indicator very similar to the Volume-Weighted Moving Average Convergence Divergence (VW-MACD) first used by Buff Pelz Dormeier in 2002 and described in detail in his book "Investing with Volume Analysis: Identify, Follow, and Profit from Trends". If you want to weight the oscillator against the true range instead of volume this is also possible. By default, this will be done automatically for assets that do not support volume. By checking the box "MACD" you can also turn this indicator into a standard MACD indicator.
Ergotic MACD Strategy [forked from HPotter]Ergotic MACD Strategy forked from HPotter
In addition to this fine script you will find some additional features:
- Backtester
- Alerts
- Filters: RSI, MFI, Price trend
- Trailing Stop Loss
- Other minor adjustments
9 x TimeFrames: MACD + Histogram, Logarithmic***Up to 9 MACD's with fixed timeframes***
-Simply enter your MACD settings, and which timeframes you would like to see.
-Settings stick regardless of viewing resolution (within reason)
-Enter 0 to disable if you want less than 9 MACD's
***Logarithmic option for consistency over long timeframes***
***Layered histogram, can be disabled, adjusted vertically***
Price Normalised Moving Average Convergence DivergencePrice EMA's difference is Divided by Slower EMA thus making price values irrelevant and giving EMA's difference in relative (proportional) terms
MACD (Moving Average Convergence/Divergence) + Inside BarMACD (Moving Average Convergence/Divergence) + Inside Bar so that free users can have two things in same indicator.
Script is open for everyone.
Check and test the code of Inside Bar and let me know if it is correct.
Feel feel to share.
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Checking both filters the MACD with the RSCD.
Checking only the MACD plots only the MACD.
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MACD+CCI Strategya simple strategy based on Joseph Nemeth MACD+CCI strategy
Reference reading: sites.google.com
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The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average.
I took the formula of EVWMA from public library coded by LazyBear.
I use EVWMACD as a trend confirmation indicator.
Just tune all lengths and parameters according to your instruments
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The MACD line is green during a positive cross, and red during a negative.
My favourite feature is the following: when the histogram changes direction, the histogram bars become yellow, which should help you locate divergences without straining yourself.
Example: Upticking (Green) histogram begins to downtick, turns Yellow. Downticking (Red) histogram begins to uptick, turns Yellow as well.