Mega Trend Plus - S&P 500 Trend Follower / Market GaugeFirstly, 100% of the credit goes to Greg Morris @ Stockcharts.com for the article detailing the concept and most of the settings/components. I've simply implemented his idea. I haven't sought permission from him, but given that he was open with the components of the indicator I'm assuming he's happy for me to go ahead and code this in pinescript. See the article here: stockcharts.com
Okay, so this is part of a system/indicator Greg outlined in the article that he calls Trend Gauge. The idea is fairly simple: take a group of indexes that cover the breadth of the market you want to trade, track their relationship/position to their 200 period Exponential Moving Average (EMA), and assign scores to bull/bear crosses + relative location to the EMA. Once you've normalized and aggregated the scores you finish up with a trend following indicator that works surprisingly well.
This part is called Mega Trend Plus, and tracks whether an index is above or below its 200 period EMA. I'll be releasing the second part ("Trend Strength") soon. Once that's done I'll combine them to form the full "Trend Gauge" indicator.
I decided to provide the base version that people can then experiment with and tweak to their liking, so Greg's version shown in the article is smoother than the one provided here. It's up to you to play with smoothing options, and potentially tweak the weightings of the various components. Please see the script for info on what the various inputs are - I've added notes there.
So, how does it do? Well, as you can see from the chart above it works pretty well overall. The S&P 500 has been fairly trendy over the last few decades, so it's been prime territory for a system like this. It would have kept you out of the big bear markets (particularly GFC & 2015-16), and that's the goal of any trend-based system. They thrive on how little they lose, not necessarily on how much they make.
As you can see, the indicator is pretty choppy. So it's not designed (in the current configuration) to provide accurate buy/hold/sell signals. It currently functions more as a market gauge / strength indicator.
Hopefully you find this concept interesting. It's simple, but the best systems often are.
Please add comments below if you come up with an interesting configuration or variation.
Let me know if you have any queries.
DD
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Multi Time Frame EMA Cloud EMA cloud for multiple time frames.
Change settings for time frame u need. Default is 4 hrs. Original credit to Junij
Real TurtleThere are a few different attempts at the turtle strategy on here, but none that I have seen thus far correctly follow the strategy as I know it. This version uses a stop order to trail out of the position by moving the stop order to match the exit channel or stoploss as the N*2( ema of True Range * 2). This version of turtle strategy also uses stop orders for entry on either side in order to enter at optimal time. The ability to specify a backtest period was borrowed from another script, I grabbed it so long ago I no longer remember from whom i borrowed it, if it was yours I will credit you if you PM me.
This version unlike others also allows you to specify a risk % so you only risk that percentage of your equity in a trade, as calculated from your stoploss.
Disclaimer: I have published several scripts in the past when i was first learning pinescript and they are all horrible please ignore those. I would delete them, but TV doesn't allow you to delete.
Engulfing Candles DetectorHello traders
Credit to HPotter for that script
I took his script and added alerts to it. 2 lines lol
But anyway, useful to detect reversals by coloring bullish/bearish engulfing candles :)
Enjoy
David
Hull TrendHere we are using Hull Moving Average crossovers as an experiment in trend detection.
The Hull Moving Average (HMA) is an extremely fast and smooth moving average.
Credit to alexgrover & RicardoSantos:
RSI Go longGiving all credit to @Celena at WarriorTrading for the idea behind this script.
The script is pretty basic and self-explanatory. We will use certain RSI levels both on 5min and 1min to determine the strength/momentum of a stock.
The idea is to monitor 5m and 1m timeframes at once. if the RSI starts to test the initial level, we will see a plot on the graph ( default color is orange ). If we reach our target level and above, bar colors will change to default color green. If this happens in both 1min and 5 min timeframe it is an indicator of the strength of the stock. This indicator coupled with our own strategy helps us reinforce the idea for long entries.
Bitcoin Golden Ratio Fibonacci IndicatorI didn't see this one already it isn't my original idea either. I pulled the formula's from an article on medium, I also added few bear market bottom fib indicators.
Credit to the article I pulled the formula from.
The Golden Ratio Multiplier
Unlocking the mathematically organic nature of Bitcoin adoption
Go to the profile of Philip Swift (@PositiveCrypto)
Philip Swift (@PositiveCrypto)
Jun 17, 2019
By Philip Swift
Release Notes: Fixed spelling error on title, added a couple long and short labels for the top and bottom indicator.
Golden Ratio Fibinnaci IndicatorI didn't see this one already it isn't my original idea either. I pulled the formula's from an article on medium, I also added few bear market bottom fib indicators.
Credit to the article I pulled the formula from.
The Golden Ratio Multiplier
Unlocking the mathematically organic nature of Bitcoin adoption
Go to the profile of Philip Swift (@PositiveCrypto)
Philip Swift (@PositiveCrypto)
Jun 17, 2019
By Philip Swift
Historical Volatility RatioThis script is a way to plot the ratio of short-term and long-term volatility. If the ratio is below 50% for a short/long term HV, we know that the market has the potential to make a large move as the volatility reverts back to its mean.
Credit to Dave Landry for this idea. Seems to be a nice predictor after looking at many breakouts after a pullback.
Defaults to 6-period and 100-period HV.
Trend-reversalThis indicator is for detection of trend reversal based on trailing stop (blue line)
the Bullish zone is in blue (red above blue line), bearish zone in orange ( blue line above red line)
gray line is the average of donchian channel
I put the line on 1440 min (so it like daily trailing line) , you can make it shorter if you want .
In this example of BNB coin we see in red arrow that the coin drop from red line so it loosing power -here it sell point during bullish period(blue)
on the other hand when we are in bearish (orange), we can see that the coin is breaking the red line -buy point and the trend is reverse
main script is taken from ceyhun so credit is to him on this
Moving Average Heatmap Visualization7 different types of moving averages (5 different lengths of each) compared to a base moving average. Base moving average can be configured to be a slew of different types of moving averages (credit to @mortdiggiddy for the code) and have a custom length.
Red = base moving average is over other moving average (bearish)
Green = base moving average is under other moving average (bullish)
lengths for the different MAs are just fibonacci numbers due to lack of creativity.
First 5 moving averages are Simple moving average the next 5 are Exponential moving averages and after that it is weighted moving averages, volume weighted moving average (VWAP), Exponential volume weighted moving average (thanks again @mortdiggiddy ), hull moving averages and lastly zero lag moving averages.
The indicator might lag your chart out a bit so be ready for that.
Have fun!
RSI Bands %BThis is again a lazy bear script that has been lost due to the removal of the "make it mine feature".
please credit
If you see any of his great scripts that are no longer accessible message me and I will see what I can do.
Willams %R with 13 EMA and 13 SMAThis is standard Williams %R originally written by another user that I modified. Credit to him whose name escapes me at the moment. The green line is 13EMA and red line is 13SMA (offset by 2 for timing trades). Great for very quick trades/day trades. Green over red = long. Red over Green = short.
Beware: this is still a choppy indicator. You'll need to use it with the Ichimoku lagging span, chop indiicator, adx, or some other method of avoiding getting chopped to death trying to take every signal.
Simple Relative Strength IndexCreated this script to simply let us predict buy and sell for RSI 15 and 85 (configurable).
It is best use for ETH and monthly chart.
Good for people who can not stay for daily trade and only able to trade few times a month.
The earning is quite lucrative while ETH is on up trend. However, this will not work when ETH on side way.
This only work when ETH is excited!!!
Happy sharing..
Credit to anonymous-es that i used their codes.
Weis Wave Accumulation v1Nothing fancy here , the main script is from here so all credit to author MouraTrader1 , I just change very little and add alerts
change the tf to minute length of your desire to get better results, also can act as good filter for your purpose if you want to have a volume filter to your desire indicator . by its own it has its good and bad so work need to be done probably with other indicators to make it much better .
Exponential Hull Moving Average (EHMA)Source for Exponential Hull Moving Average (EHMA) formula:
Raudys, Aistis & Lenčiauskas, Vaidotas & Malčius, Edmundas. (2013). Moving Averages for Financial Data Smoothing. Communications in Computer and Information Science. 403. 34-45. 10.1007/978-3-642-41947-8_4.
The Exponential Hull Moving Average is nearly identical to the Hull MA, but EMA used instead of WMA.
Credit to @RicardoSantos for the existing implementation of the Hull Moving Average in pinescript:
Multi Timeframe Moving Average SelectorThis allows you to plot a moving average on a different timeframe to the one you are viewing.
For instance if you are on a 4hr chart, you can plot the position of the daily 200MA, 100EMA etc
On a 15min chart you could plot where the hourly MAs are.
You can define the length of the MA and the style, EMA, SMA Hull MA etc, the colour and the type.
As with all my scripts I have pinched bits of other peoples and spliced them together with my own bits and bobs. Credit where it's due but I don't even know where most of this came from, it's pretty bothed together.
Feedback appreciated
Momentum and Trend Strength Entry Exit Pivot StudyUpdated version of previous Momentum Strength Entry Exit Pivot Study:
//************************
// @TheGeeBee - Credit where used
//
//Notes:
//
// Use 1,2,3,5 minute timeframes
// EMA Cross line and offset allows user to alter the sell characteristics where the candle low is above the EMA line and indicates a possible pre-pivot reversal
// Adjust Min and Max pivots based on risk profile
// Single Candle drawdown value represents the maximum size of a single red candle before an Exit Pivot is generated
// ADX Threshold inhibits Pivots when trending signal is below the threshold value
// Percentage Max drawdown since Entry Pivot allows the system to generate an Exit Pivot if the security has dropped X percent from the most recent Entry Pivot point
// Use Bars, Candles (preferred) or Heikin-Ashi
// Multiple Green Bars = BTFD
// Multiple Red bars = If you didn't already get out, do it now!
//
//************************
Allows for Alerts to be set for Entry and Exit Pivots.
LTC Mining Cost per 1LTC
Defaults updated from www.litecoinpool.org
True Overhead costs for each mining operation will differ.
Electric input is an estimate and should also assume daily maintenance,labor, ect, so it is an estimated industry average.
ROI on equipment is not included.
DATA from www.litecoinpool.org
Difficulty, and Time per block change daily, inputs need to be checked and updated manually.
Credit to
RSX Divergence — SharkCIARSX is a "noise free" version of RSI, with no added lag.
This version takes everget's implementation of RSX and adds divergences.
Credit for the divergences goes to Libertus:
Check out everget's scripts here: www.tradingview.com
Vicious Trading Suite V4A fully running version of the Vicious Trading Suite. Please note the candlestick patterns will not identify but are factored in. All options are set to default and are off until you check each system to display.
Much credit given to those who I coped code from and trikkone for the collaboration
ADX & DI HistogramThis bad boy shows the same info as a normal ADX & DI but I've endeavoured to remove a lot of the confusion. I also added red/green colour gradients to show how much ADX is trending, the darker the colour, the stronger the trend. This should help to avoid the upsidedowniness and confusion I've always found with the original. I made this a while ago and have made a few changes recently but I can't remember where I go the basic ADX code from, so credit to whoever that was. Enjoy
Filtered RSI Divergence Finder Check the settings to see how the filters work. I added alerts and a feature that shows the divergences that have been filtered, but as faded "ghost" divergences. Spooooky. This is useful for tuning the script to a particular market. All credit to RicardoSantos for the original.
