I described the indicator in the link below, this is a strategy version to test settings.
This shows the distance to a moving average of your choice as histogram, you can select your moving average at input "Oscillator Source". You need to have a plot on your chart (like EMA or anything else) so you can connect this indicator to it. I used Ichimoku Cloud's 20 period Conversion line (blue line) as example on the chart. You can look for divergence on...
We have set a period such as EMA to use 5 minute bars and the first band is period 60 and 100 EMA. The color of the belt changes according to the position of the period 5EMA-25EMA-50EMA. The second sash is based on a 60- and 100-EMA period of 15 minutes. The change in the color of the obi is also a 15-minute specification. Since the above period can be changed, I...
Simple indicator for trend following. It is simply a substraction of two SMAs (by default it is 12 and 26). Value over 0 means the market is in uptrend, while value below 0 means the market is in downtrend. Values of extremes (overbought/oversold market) are dependant on the input values, so I am not advising any value in particular.
This is a variation of an exponential moving average which follows the price pretty smoothly. Feel free to change the factor to adjust how closely it follows the price. I set the default to 0.2 Let me know if you want me to write code for any other indicators!
There can be many ways to make a simple moving average, you can either sum the current and the n-1 previous data points and divide the result by n , or you can do it more efficiently by first taking the cumulative sum of your data points, and subtracting the current cumulative sum result with the cumulative sum results n bars ago, then divide the result by n...
The Moving Average Adaptive Q (MAAQ) was authored by Perry Kaufman in the Stocks and Commodities Magazine 06/1995 This is similar to his Kaufman Adaptive Moving Average with a few changes. This is a pretty close moving average which I like quite a bit. Try it and let me know what you think. Send me a message and let me know what other indicators you would like to see!
The Feeling Indicator helps to understand which direction the market is going.
This indicator plots the distance in percent from price action to a moving average. Negative values mean that the price is below the moving average and positive values mean that the price is above the moving average. You can chose from EMA, MA, WMA, HMA for your input moving average. You can also change the period and source( open, close, high, low ). This is...
Hello guys! Batcash here! Since the coronavirus has become a global pandemic, all eyes have been on the efforts to control the growth of the infections. To help the common masses understand the statistics of exponential growth I have decided to make the Coronavirus growth indicator. Basically the indicator will give an estimate of how many days are required for...
This is based on my GMS: Mean Reversion Indicator () Features: - % Based Profit Target and Stop Loss - SMA Trend Filter - Can choose trade exit based off a moving average or linear regression curve - Filter for long only trades, short only trades, or both at the same time. Source code is open, so feel free to take a look! I hope it helps, Andre
The Double Exponential Moving Average (DEMA) indicator was introduced in January 1994 by Patrick G. Mulloy, in an article in the "Technical Analysis of Stocks & Commodities" magazine: "Smoothing Data with Faster Moving Averages" It attempts to remove the inherent lag associated to Moving Averages by placing more weight on recent values. The name suggests this is...
Chaloke System Strategy This is a trend indicator Atr and 3 moving averages are used Short 9-day moving average,Medium 15-day moving average,Calculated with a long 24-day moving average. Atr period : 5 Sht,Mid,Lng calculation method is different Buying Strategy long = crossover(Sht,Mid) and close > Sht Selling Strategy short = crossunder(Sht, Lng ) or close <...
Strategy Terms Indicator: Vortex Indicator: True Strength Indicator As you will see, the indicators have red and blue lines. To buy an option for a price increase, you need to wait for the simultaneous intersection of the lines of both indicators when the blue lines are at the top and the red ones go down. And vice versa, to buy an option with a forecast of a...
Hello Traders! While analysing the charts, one of the biggest problem is to see if there is trend or not, or is it in a congestion zone/area? While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width. How it calculates and works? On each bar it creates a channel by highest/lowest point of...
Hello Everyone, While using "Security" function for Higher Time Frames (htf) you must accept "Repainting" issue or better you must use previous day data such "security(syminfo.tickerid, 'D', close, lookahead=barmerge.lookahead_on)" that's best normally (or barmerge.lookahead_off). But the problem is (as you can see) it uses previous day data, and this causes...
I was reading Jesse Stine's Insider Buy Superstocks book, and one of the technical traits he mentioned of a superstock (read the book, seriously, very strongly recommended) was a breakout above the 30 weekly moving average. He goes on to mention that after breakout, the 10 WMA often acts as a support line where you can add to your position. This script is inspired...