Cumulative Weighted Triple Exponential Moving Average (CWTEMA)This Pine Script code defines an indicator called "CWTEMA" that plots a custom weighted triple exponential moving average (TEMA) on a chart. The indicator takes two inputs: a source series (usually the close price of a security) and a length parameter that specifies the number of periods over which the moving average is calculated.
The code first defines a tema() function, which calculates the TEMA for a given series of data and a given length. The function uses the ta.ema() function from the ta library to compute the exponential moving average of the source data, and then applies the triple exponential moving average formula to calculate the TEMA.
The wma() function is then defined, which calculates the weighted moving average of a given series of data using a set of weights. This function computes the weighted sum of the source data using the given weights, then divides this sum by the sum of the weights to calculate the weighted moving average.
Finally, the cweema() function is defined, which calculates the custom weighted TEMA. This function first computes the weights for each value in the moving average using the given length parameter, then calls the wma() and tema() functions to calculate the weighted moving average using the TEMA values. The cweema() function is then plotted on the chart.
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Gann Spiral / Square of 9The Gann Spiral, more commonly known as the Square of 9 is one of the most well known tools that Gann used. Today, it is most commonly used to find possible support and resistance levels, and possible reversals in time.
This indicator is a more flexible version of the traditional Gann Spiral / Square. This is achieved by allowing you to change:
Price and Time direction
The timeframe
How often to draw lines based on degrees
Toggles for Price and Time
Price and Time line customization
How to use:
1 - Select your desired starting value of Price and Time.
2 - Choose the direction of Price and Time.
3 - Choose the amount of lines to display.
4 - Choose how often for lines to be drawn (Rotation Degree Value).
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Side Note:
This uses a more proper and more accurate formula to "navigate the square". (Sqr x + 2)^2 is not the formula used, but rather (Sqr x + 1)^2.
If you wish to use the formula you're used to, change Full Revolution Value to 180.
The reasoning behind this formula change is because I re-created the square in the form of an actual spiral. The issue with such a conversion is that the formula used to construct it uses one Pi. If you understand circles, you should know that we're off by 180 degrees. A full rotation is 360, not 180.
Correcting for this error requires a slight but important change in the formula, that being +1 instead of +2. This not only corrects it to fit for a proper spiral, but also makes it easier to use fractions. 1/360 results in 1 degree. This slight formula change makes it incompatible when used on the actual Square of 9, however it is technically the more accurate formula.
Session High and Low IndicatorThis script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day
This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low.
The high/low skips any quick spikes in price action (similar to what happens at 8:30 am every day).
BugiCoThis indicator is designed for shorter time frames - specifically 15 minutes to 1 minute.
It is scalping tool that users William Bollinger setup on various time frames.
This indicator will give you an edge and a way of thinking that you NEVER THOUGHT before because it has a story.
This indicator isolates between 0 and 100. Below around 20 is a buy, above 80 is a sell.
In these locations, try to formulate a scalping strategy with stop loss and risk management. If you don't do that, you will go broke quick in any indicator setup anyways. Be smart...
Story Of This Indicator
~ Took me a while to understand Bollinger Bands and i knew a ton about Fibonacci indicators. So decided to combine fibonacci and bollinger together across different time frames, which is the key. Use as small of a time frame as possible and use it all across the board. The game is designed to rob you either way BUT at least you will have a chance to see what your masters are already taking a look at. There are more complicated tools than this but understand this simple thing "Only way to win in this market to is to do the opposite of the crowd and steal as much money as possible". Create tools that can show you this to "WIN"...
I have a ton of other tools that can change everything for your trading/investing. Reach out to me if you have any questions.
Best wishes
~Megalodon
HLC3_ZThis indicator uses a single price point for each session (HLC3 by default) to draw waves.
This helps to filter out small or high frequency fluctuation in the price, and focus on the trend.
There are also options to display cumulative volume for each wave, or to overlay the price source to draw the wave on the chart.
I find using this indicator helps with finding the wave structures or the head or bottom structures such as head-and-shoulder.
ZenBot Signals - Trend StrengthI developed this indicator as a "regime detection" for my algo trading bot. It uses the ADX +/- values with a few twists.
- If ADX DI+ is over 30 and DI- is below 20 and falling (inverse for shorts)
- Price action rising/falling thru various VWAP standard deviations indicates a strong trend break
- Some other custom juju (open source so have fun).
I use this primarily to monitor the SPY index as a backdrop for my long and short trades. If the colored line below price bars is red or green, a strong trend is present and there is a decent trade environment.
I11L - Reversal Trading Ideas by Larry ConnorsThis is my own Twist on Larry Connors Simple Tradingideas.
It Combines the RSI, Averaging In and the Lowest Bars in a Single System.
The current Configuration is designed for the Daily Timeframe.
Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed!
The Rules are the following:
---Buy---
Buy, if the lowest Bar of your Configuration has been hit (default is set to 7).
---Average Down--
Buy, if the lowest Bar of your Configuration * Your open trades has been hit AND only if the buyin is atleast 1% cheaper.
---Close---
Close, if the RSI closes above a certain level (default is set to 70).
---TP---
There is no TP
---SL---
There is no SL, so be cautions of your tail Risk!
RSI Candle ColorI manually made a 100 point gradient for this one. Its just smooth sensitive rsi but it colors your candles based on the level of the rsi. I hope you find this useful even as a utility for the gradient.
True Range Outlier Detector (TROD)True Range Outlier Detector (TROD) shows you weather or not a candle is larger than normal. This works by taking the normalized true range and if the candle exceeds a score of 0.5 or -0.5 it triggers the outlier detection. This is great for building strategies if you want to refrain from buying larger than normal up or down ticks. The only feature is the ability to change the lookback period of the normalization. I hope you find this as useful as I do!
Enjoy!
Smooth Stochastic and RSI ComboA lot of people run both stochastic and rsi on one chart so I figured I would make something that combines the two. This script takes both the rsi and the stochastic, smooths them both and then plots them both on top of each other. I have filled it to make an error range and I colored it with the direction of its mean. I hope this frees up some room on your screen! Enjoy!
ps this is not stochastic rsi, its both stochastic and rsi.
Directional Sentiment LineRepost with explanation and description:
This is a simple SMA based indicator that I have, for lack of a better term, called directional sentiment line.
How it works:
The ribbon/band:
The main band tracks 4 SMAs, the Open, High, Low and Close.
The user can input the length for lookback time, I do 75 and I have it defaulted at 75, however you can do whatever time frame you prefer.
The color of the indicator changes based on the overall trend. Green means an uptrend and red means a downtrend.
When the stock is trading within the band, you generally want to avoid a trend until you see a break out one way or the other. In the image below, you see the green arrow pointing to an area where it re-tests the band but the band remains green to affirm there is support. It then bounces off.
The red arrow, you see that the band is flashing red, meaning that it seems to be losing support and its best to wait for a break out one way or the other prior to taking the trade:
The outer lines:
You will see the two outer bands which generally appear blue while a stock is trading within them.
These are the SMAs of the highest high and lowest low in your defined period (default 75).
They can act as moving targets.
When the colour of one of them changes orange, it means the stock is trading above or below them. If the highest high turns orange, it means the stock is trading high above the bands and highest high SMA. Inverse for the lowest low. See the image below:
The purple arrows are pointing to these max band lines and show how they change colour depending on the location of the highest high.
How to use it:
So I made this simply to give me a reference point for day trades off open. However, looking at the large timeframes, I do see there is quite a lot of potential for larger timeframe analyses as well.
I recommend playing around with it and seeing what you like. But I can give you the rules I use for this as a day trading aid:
My Rules:
1. If stock opens below DSL, wait to see if it will retest. It naturally likes to continually make contact with the DSL line at random intervals:
2. If stock opens above DSL, again wait for re-test:
A hold above DSL = Bullish
A break and hold below DSL = bearish
3. When playing a breakout (sentiment shift from bearish to bullish or vice versa), wait for a retest of the line because frequently, there are fakeouts:
A re-test and bounce off the line confirms a breakout. A re-test and fails confirms a continuation of the predominate sentiment.
For further reference, I have done a tutorial video below:
Let me know your questions, comments and suggestions below!
Thanks!
Vector ScalerVector Scaler is like Stochastic but it uses a different method to scale the input. The method is very similar to vector normalization but instead of keeping the "vector" we just sum the three points and average them. The blue line is the signal line and the orange line is the smoothed signal line. I have added the "J" line from the KDJ indicator to help spot divergences. Differential mode uses the delta of the input for the calculations. Here are some pictures to help illustrate how this works relative to other popular indicators.
Vector Scaler vs Stochastic
Vector Scaler vs Smooth Stochastic RSI
average set to 100
average set to 200
Combined Moving Averages + Squeeze & Volume Spike SignalsThis is a set of 4 combined moving averages. Each moving average is a combination of an EMA, SMA, HMA, RMA, WMA and VWMA with the same length as set in your input settings. All 6 of them are added together and then divided by 6 for an average of all of them. This is based on the theory that most traders use their own preference of moving averages, so combining them all should give us a better idea of where price should actually react since we are using the average of what most traders are using on their charts. It also smooths the moving averages out as well so you get a much easier to read moving average than any of them on their own which should help you hold positions longer and time your entries better.
The default lengths used for this indicator are as follows: 10, 50, 100 and 500. These lengths can be updated in the settings. The 10 and 500 will change colors when the individual moving average is less than or greater than its previous value. Price above or below the moving average does not affect the colors. The 50 and 100 are colored based on whether the 50 is greater/less than the 100.
The two middle length moving averages by default are the 50 and 100. This has been turned into a cloud because it is the area where price typically bounces, since tons of traders use the 50 and 100 moving averages. This should be your long/short zone when price is trending.
Each moving average can be set to use a different source such as close, open, high, low, ohlc4, etc. You can also adjust the length of each moving average. Default settings work well, but feel free to customize them to your liking. You can also change the colors of the lines in the settings.
Beware that changing the lengths of MA #2 and MA #3 will change the signals, squeezes and the cloud.
VOLUME SPIKES
The cloud will change to a brighter color when a volume spike is detected. When a major volume spike is detected, it will turn very bright colored green/red according to the direction of the cloud. This notifies you of volume spikes so you have a better idea of how strong the trend is. If the cloud is a dark green/red then that means that volume is less than or equal to the recent median volume.
SIGNALS
There are also signals that will be given when the current candle is in the cloud, the candle is going in the same direction as the cloud, the MA #2 and MA #3 is going in the same direction and a volume spike is detected. These help you identify good entries when markets are trending. Be cautious of these signals when the trend is sideways and not clearly moving in one direction. The signals can be turned on or off in the settings.
SQUEEZE
Many times when moving averages squeeze together, a big move happens shortly after. Because of this I added a yellow background color when a squeeze is detected. It looks at the median value difference of the MA #2 and MA #3 and if the current value difference is less than the median multiplied by the multiplier in the settings then it will change the background color to notify you. The default value of the multiplier is .6, meaning the squeeze signal will only show if the current value difference of the cloud is less than .6 of the median difference. The multiplier can be adjusted in the settings to suit your preferences. Lower values will only show tighter squeezes.
MARKETS
This indicator can be used on all markets including stocks, crypto, futures and forex.
TIMEFRAMES
This indicator can be used on all timeframes.
PAIRINGS
We recommend pairing this combined moving average with Trend Friend Swing Trade And Scalp Signals for extra confluence. Look for price to bounce in the cloud with good volume and a confirming signal from Trend Friend for highly probable moves.
Opening Range, Initial Balance, Opening PriceThis script draws Opening Range, Initial Balance and Opening Price with options to show mid levels.
By default, lines changes color depending on whether closing price is above or below the lines. Red if price is below, green if price is above.
Colors and line styles are all configurable.
Options to change label positions.
Some definitions:
Opening Range - The opening range is high and low for a given period after the market opens. This period is generally the first 30 or 60 minutes of trading
Initial Balance - WRT to TPO profile chart, the Initial Balance is the price range resulting from the market’s trade during the first two 30 minute periods of the regular trading hours session.
Why is this useful?
The first hour of the trading day is the most active and dynamic period. The price range defined by this period of trading creates some key support / resistance levels for the rest of the day. Example below:
Rate of Change Candle Standardized (ROCCS)ROCCS is a standardized rate of change oscillator with "error bars". Rate of change helps traders gauge momentum in a market by comparing the current price with the price "n" periods ago. What makes this special is you get to see the momentum of the momentum via the candle view. The candle transformation utilizes a moving average to smooth the signal however this is only used for the close price. The high and low prices are not smoothed. The moving average has an adjustable period, and so does the standardization.
I hope you can find great use in this upgraded roc indicator.
Money Flow Index/MFIma/smooth vol-mfisoory for spaling not an english native speaker
this script is an extended version of MFI
i add it
mfi ema vol
and a verion that calc the MFI with smooth ma ema-vol
also the src for calc can be change now
thc code is open to explore for any use
enjoy.
