The Trender and moving average for a version of trend analysis. This is an update of a previously published script. A recent Pine script update makes this update necessary. This is my interpretation of Bloomberg's Trender. The script is derived from this document: www.forexfactory.com I have no idea what settings are best. I like the ones I have used because...
Like I said previously in the " K.M Trend Strategy (BETA 1.2) " this is the script to set alerts. If you haven't seen the strategy one please search it. Please look at the strategy post to see more information. Thank you. Buy Alerts = P (greater then) B Sell Alerts = P (less then) B Sincerely, Kevin Manrrique Follow us on Instagram: TWTForexGroup, we...
The Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta. In the stock market if prices move away from the average with a volatility too high are suspect. This principle...
EZ Trend creates a signal when the current open price is equal to, or within a set range of, the last close price AND current candle is the opposite color of last candle. This indicator is based on my observation that when O = C AND the last candle's color is opposite of the current candle, the NEXT candle seems to follow the color of the current candle and a...
Combined LazyBears ZeroLag EMA and CapnOscars moving average ADX. Here's the result. I figured it could be used as a trend trendtrading system, ADX red + ema cross downards = short. ADX green + ema cross up = long. ADX black + ema cross = no trade Or something along those line. A way filter out whipsaws. This is just something I threw together in 5 min, so...
Description: High and Low Envelope channel with median line and 'sigma' offsets to try and encapsulate price flow and quickly locate likely areas of support and resistance on the fly.
I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish...
STRONG TREND REVERSAL INDICATOR The code is the percentage difference between the spot price of a given financial asset and its 200-day MA of that period. My standard setup is Daily, and I think it's got very good predictive power at that timeframe. It can be read in two ways: 1. Values extremely above or below the 200-period MA present chances of buying/selling...
This is the second version of Kay_BBands. But this is infused with ADX. When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 20 is the default but can be set to 25. When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions. Use it with...
Depending on the new trend - Fisher 100 crossing 0; Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
I am republishing this indicator as something changed within TradingView's script engine so that the old script ceased to function ( a minor syntax error that used to be acceptable but no longer is). Anyhow here's the fixed version which as you can see has done a great job of keeping us on the right side of the trend with once-hot stocks like Skyworks !
The indicator paints the bar colours based on the average open and average close for past N days. if average close is above average open, the bars are coloured green, otherwise they are coloured red It can be used as a general trend filter on weekly, daily bars. even on intraday timeframes, this would work well and give a sense of the current trend direction.
The indicator colours the candles either Green or Red depending on the following conditions:- If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green. If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
This is an overlay indicator which uses the classic period settings and signals from the MACD (Moving Average Convergence/Divergence) indicator to overlay a heatmap using all the information the MACD generates with its three periods (12,26,9). The first two moving averages which the MACD uses (12 and 26) can be plotted on the chart like usual EMAs. In addition...
Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator. Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator. Make the chart yours using the share button for the indicator with barcolors functionality. Changes from v2 and looking forward: Indicator now uses a...
Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator. Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator. Make the chart yours using the share button for the indicator with barcolors functionality. Changes from v2 and looking forward: Indicator now...
Great oscillator which determines trend and momentum. So accurate it could be used as a stand alone indicator.