Normalized Jurik Moving Average [QuantAlgo]Upgrade your investing and trading strategy with the Normalized Jurik Moving Average (JMA) , a sophisticated oscillator that combines adaptive smoothing with statistical normalization to deliver high-quality signals! Whether you're a swing trader looking for momentum shifts or a medium- to long-term investor focusing on trend validation, this indicator's statistical approach offers valuable analytical advantages that can enhance your trading and investing decisions!
🟢 Core Architecture
The foundation of this indicator lies in its unique dual-layer calculation system. The first layer implements the Jurik Moving Average, known for its superior noise reduction and responsiveness, while the second layer applies statistical normalization (Z-Score) to create standardized readings. This sophisticated approach helps identify significant price movements while filtering out market noise across various timeframes and instruments.
🟢 Technical Foundation
Three key components power this indicator are:
Jurik Moving Average (JMA): An advanced moving average calculation that provides superior smoothing with minimal lag
Statistical Normalization: Z-Score based scaling that creates consistent, comparable readings across different market conditions
Dynamic Zone Detection: Automatically identifies overbought and oversold conditions based on statistical deviations
🟢 Key Features & Signals
The Normalized JMA delivers market insights through:
Color-adaptive oscillator line that reflects momentum strength and direction
Statistically significant overbought/oversold zones for trade validation
Smart gradient fills between signal line and zero level for enhanced visualization
Clear long (L) and short (S) markers for validated momentum shifts
Intelligent bar coloring that highlights the current market state
Customizable alert system for both bullish and bearish setups
🟢 Practical Usage Tips
Here's how to maximize your use of the Normalized JMA:
1/ Setup:
Add the indicator to your favorites, then apply it to your chart ⭐️
Begin with the default smoothing period for balanced analysis
Use the default normalization period for optimal signal generation
Start with standard visualization settings
Customize colors to match your chart preferences
Enable both bar coloring and signal markers for complete visual feedback
2/ Reading Signals:
Watch for L/S markers - they indicate validated momentum shifts
Monitor oscillator line color changes for direction confirmation
Use the built-in alert system to stay informed of potential trend changes
🟢 Pro Tips
Adjust Smoothing Period based on your trading style:
→ Lower values (8-12) for more responsive signals
→ Higher values (20-30) for more stable trend identification
Fine-tune Normalization Period based on market conditions:
→ Shorter periods (20-25) for more dynamic markets
→ Longer periods (40-50) for more stable markets
Optimize your analysis by:
→ Using +2/-2 zones for primary trade signals
→ Using +3/-3 zones for extreme market conditions
→ Combining with volume analysis for trade confirmation
→ Using multiple timeframe analysis for strategic context
Combine with:
→ Volume indicators for trade validation
→ Price action for entry timing
→ Support/resistance levels for profit targets
→ Trend-following indicators for directional bias
מתנדים
Absolute Strength Index [ASI] (Zeiierman)█ Overview
The Absolute Strength Index (ASI) is a next-generation oscillator designed to measure the strength and direction of price movements by leveraging percentile-based normalization of historical returns. Developed by Zeiierman, this indicator offers a highly visual and intuitive approach to identifying market conditions, trend strength, and divergence opportunities.
By dynamically scaling price returns into a bounded oscillator (-10 to +10), the ASI helps traders spot overbought/oversold conditions, trend reversals, and momentum changes with enhanced precision. It also incorporates advanced features like divergence detection and adaptive signal smoothing for versatile trading applications.
█ How It Works
The ASI's core calculation methodology revolves around analyzing historical price returns, classifying them into top and bottom percentiles, and normalizing the current price movement within this framework. Here's a breakdown of its key components:
⚪ Returns Lookback
The ASI evaluates historical price returns over a user-defined period (Returns Lookback) to measure recent price behavior. This lookback window determines the sensitivity of the oscillator:
Shorter Lookback: Higher responsiveness to recent price movements, suitable for scalping or high-volatility assets.
Longer Lookback: Smoother oscillator behavior is ideal for identifying larger trends and avoiding false signals.
⚪ Percentile-Based Thresholds
The ASI categorizes returns into two groups:
Top Percentile (Winners): The upper X% of returns, representing the strongest upward price moves.
Bottom Percentile (Losers): The lower X% of returns, capturing the sharpest downward movements.
This percentile-based normalization ensures the ASI adapts to market conditions, filtering noise and emphasizing significant price changes.
⚪ Oscillator Normalization
The ASI normalizes current returns relative to the top and bottom thresholds:
Values range from -10 to +10, where:
+10 represents extreme bullish strength (above the top percentile threshold).
-10 indicates extreme bearish weakness (below the bottom percentile threshold).
⚪ Signal Line Smoothing
A signal line is optionally applied to the ASI using a variety of moving averages:
Options: SMA, EMA, WMA, RMA, or HMA.
Effect: Smooths the ASI to filter out noise, with shorter lengths offering higher responsiveness and longer lengths providing stability.
⚪ Divergence Detection
One of ASI's standout features is its ability to detect and highlight bullish and bearish divergences:
Bullish Divergence: The ASI forms higher lows while the price forms lower lows, signaling potential upward reversals.
Bearish Divergence: The ASI forms lower highs while the price forms higher highs, indicating potential downward reversals.
█ Key Differences from RSI
Dynamic Adaptability: ASI adjusts to market conditions through percentile-based scaling, while RSI uses static thresholds.
█ How to Use ASI
⚪ Trend Identification
Bullish Strength: ASI above zero suggests upward momentum, suitable for trend-following trades.
Bearish Weakness: ASI below zero signals downward momentum, ideal for short trades or exits from long positions.
⚪ Overbought/Oversold Levels
Overbought Zone: ASI in the +8 to +10 range indicates potential exhaustion of bullish momentum.
Oversold Zone: ASI in the -8 to -10 range points to potential reversal opportunities.
⚪ Divergence Signals
Look for bullish or bearish divergence labels to anticipate trend reversals before they occur.
⚪ Signal Line Crossovers
A crossover between the ASI and its signal line (e.g., EMA or SMA) can indicate a shift in momentum:
Bullish Crossover: ASI crosses above the signal line, signaling potential upside.
Bearish Crossover: ASI crosses below the signal line, suggesting downside momentum.
█ Settings Explained
⚪ Absolute Strength Index
Returns Lookback: Sets the sensitivity of the oscillator. Shorter periods detect short-term changes, while longer periods focus on broader trends.
Top/Bottom Percentiles: Adjust thresholds for defining winners and losers. Narrower percentiles increase sensitivity to outliers.
Signal Line Type: Choose from SMA, EMA, WMA, RMA, or HMA for smoothing.
Signal Line Length: Fine-tune the responsiveness of the signal line.
⚪ Divergence
Divergence Lookback: Adjusts the period for detecting divergence. Use longer lookbacks to reduce noise.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
BS | Buy&Sell Signals With EMAKey Features:
EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings.
5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart.
Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker.
Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly).
Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style.
Alarm Feature: Set up alarms to stay informed of important market movements.
Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence.
created by @bahadirsezer
BS | Buy&Sell Signals With EMAKey Features:
EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings.
5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart.
Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker.
Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly).
Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style.
Alarm Feature: Set up alarms to stay informed of important market movements.
Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence.
created by @bahadirsezer
Fake Double ReserveThis Pine Script code implements the "Fake Double Reserve" indicator, combining several widely-used technical indicators to generate Buy and Sell signals. Here's a detailed breakdown:
Key Indicators Included
Relative Strength Index (RSI):
Used to measure the speed and change of price movements.
Overbought and oversold levels are set at 70 and 30, respectively.
MACD (Moving Average Convergence Divergence):
Compares short-term and long-term momentum with a signal line for trend confirmation.
Stochastic Oscillator:
Measures the relative position of the closing price within a recent high-low range.
Exponential Moving Averages (EMAs):
EMA 20: Short-term trend indicator.
EMA 50 & EMA 200: Medium and long-term trend indicators.
Bollinger Bands:
Shows volatility and potential reversal zones with upper, lower, and basis lines.
Signal Generation
Buy Condition:
RSI crosses above 30 (leaving oversold territory).
MACD Line crosses above the Signal Line.
Stochastic %K crosses above %D.
The closing price is above the EMA 50.
Sell Condition:
RSI crosses below 70 (leaving overbought territory).
MACD Line crosses below the Signal Line.
Stochastic %K crosses below %D.
The closing price is below the EMA 50.
Visualization
Signals:
Buy signals: Shown as green upward arrows below bars.
Sell signals: Shown as red downward arrows above bars.
Indicators on the Chart:
RSI Levels: Horizontal dotted lines at 70 (overbought) and 30 (oversold).
EMAs: EMA 20 (green), EMA 50 (blue), EMA 200 (orange).
Bollinger Bands: Upper (purple), Lower (purple), Basis (gray).
Labels:
Buy and Sell signals are also displayed as labels at relevant bars.
//@version=5
indicator("Fake Double Reserve", overlay=true)
// Include key indicators
rsiLength = 14
rsi = ta.rsi(close, rsiLength)
macdFast = 12
macdSlow = 26
macdSignal = 9
= ta.macd(close, macdFast, macdSlow, macdSignal)
stochK = ta.stoch(close, high, low, 14)
stochD = ta.sma(stochK, 3)
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
ema200 = ta.ema(close, 200)
bbBasis = ta.sma(close, 20)
bbUpper = bbBasis + 2 * ta.stdev(close, 20)
bbLower = bbBasis - 2 * ta.stdev(close, 20)
// Detect potential "Fake Double Reserve" patterns
longCondition = ta.crossover(rsi, 30) and ta.crossover(macdLine, signalLine) and ta.crossover(stochK, stochD) and close > ema50
shortCondition = ta.crossunder(rsi, 70) and ta.crossunder(macdLine, signalLine) and ta.crossunder(stochK, stochD) and close < ema50
// Plot signals
if (longCondition)
label.new(bar_index, high, "Buy", style=label.style_label_up, color=color.green, textcolor=color.white)
if (shortCondition)
label.new(bar_index, low, "Sell", style=label.style_label_down, color=color.red, textcolor=color.white)
// Plot buy and sell signals as shapes
plotshape(longCondition, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal")
plotshape(shortCondition, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, title="Sell Signal")
// Plot indicators
plot(ema20, color=color.green, linewidth=1, title="EMA 20")
plot(ema50, color=color.blue, linewidth=1, title="EMA 50")
plot(ema200, color=color.orange, linewidth=1, title="EMA 200")
hline(70, "Overbought (RSI)", color=color.red, linestyle=hline.style_dotted)
hline(30, "Oversold (RSI)", color=color.green, linestyle=hline.style_dotted)
plot(bbUpper, color=color.purple, title="Bollinger Band Upper")
plot(bbLower, color=color.purple, title="Bollinger Band Lower")
plot(bbBasis, color=color.gray, title="Bollinger Band Basis")
Volume Multiplier Index (VMI)Этот индикатор масштабирует объемы и позволяет анализировать их через две линии, основанные на различных подходах (экспонента и логарифм), с визуализацией ключевых уровней (перекупленности, перепроданности и средней зоны).
1. Описание настроек
Линия 1: "Exponent Line"
Show Exponent Line: Включает/выключает отображение линии экспоненты.
Period for Exponent: Период для расчета скользящих максимумов и минимумов объема.
Use Exponent Multiplier: Включает/выключает применение множителя.
Exponent Multiplier: Значение степени, в которую возводится объем.
Линия 2: "Logarithm Line"
Show Logarithm Line: Включает/выключает отображение логарифмической линии.
Period for Logarithm: Период для расчета скользящих максимумов и минимумов объема.
Use Logarithm Multiplier: Включает/выключает применение логарифмического множителя.
Общие элементы
Уровни:
80: Верхняя граница, обозначающая зону перекупленности.
50: Средний уровень, зона баланса объема.
20: Нижняя граница, зона перепроданности.
Заливка фона: Показывает диапазон между уровнями 20 и 80 для наглядности.
2. Интерпретация линий
Линия 1 (Exponent):
Линия усиливает влияние крупных объемов. Используется для определения аномально высоких объемов, что может указывать на сильные движения рынка (тренд или разворот).
Пример:
Если линия резко поднимается выше уровня 80 — это сигнал о значительном увеличении объема, возможно, начало сильного тренда.
Линия вблизи 20 — снижение активности, возможна консолидация или боковое движение.
Линия 2 (Logarithm):
Линия сглаживает влияние крупных объемов, делая акцент на стабильных изменениях. Подходит для анализа общего тренда или средней рыночной активности.
Пример:
Линия выше 80 — указывает на устойчивую активность вблизи перекупленности.
Линия ниже 20 — активность снижается, сигнализируя о возможной перепроданности.
3. Как применять индикатор
Анализ зон объемов:
Используйте верхний уровень (80) для выявления зон перекупленности.
Используйте нижний уровень (20) для поиска зон перепроданности.
Средний уровень (50) помогает оценивать нормальное состояние рынка.
Совмещение линий:
Если обе линии поднимаются выше 80, это подтверждение высокой активности рынка.
Если обе линии находятся ниже 20, это подтверждение низкой активности (возможна консолидация).
Фильтрация сигналов:
Используйте линию экспоненты для поиска резких скачков объема.
Линия логарифма помогает сгладить шум и дает подтверждение для более устойчивых трендов.
Комбинация с другими индикаторами:
Индикатор эффективен в сочетании с трендовыми (например, MACD, RSI) для подтверждения сигналов.
Например, перекупленность по объему может совпадать с дивергенцией на RSI.
4. Примеры сценариев использования
Сценарий 1: Идентификация тренда
Если линия экспоненты пересекает уровень 80, а линия логарифма также приближается к этому уровню, это может быть сигналом продолжения сильного тренда.
Сценарий 2: Разворот рынка
Когда линии опускаются ниже уровня 20, а затем обе начинают подниматься вверх — возможно начало нового тренда.
Сценарий 3: Консолидация
Если линии движутся около уровня 50 и не показывают сильных отклонений, рынок, скорее всего, находится в фазе консолидации.
5. Рекомендации по интерпретации
Не использовать индикатор в одиночку — он предназначен для фильтрации сигналов.
Для анализа лучше всего подходят периоды повышенной волатильности.
Настройки периода и множителя можно подстраивать под актив, с которым вы работаете. Для более волатильных инструментов лучше увеличить период.
Этот индикатор идеально подходит для анализа активности рынка, фильтрации шумов и подтверждения сигналов в стратегиях трендового или контртрендового характера.
Currency Strength Indicator LUX TRADING ACADEMYMisura la forza relativa delle valute mettendole a confronto
LN-Heikin Ashi RSI OscillatorBuilding RSI levels and oscillator to identify trend and extreme levels
Median MACD - MattesThe Median Based MACD is a new-generation indicator created from old statistical Concepts. It combines a Median Calculation with a MACD to create a smoother signal with less noise and increased robustness.
In this case, the original calculation source of the MACD is replaced with a Median which can be calculated over user set X time.
- Why its good:
This "Phoenix" of sorts brings old concepts together to create a strong, new indicator which can frontrun & see trends from miles up front.
- How it can be used:
While this indicator can be used to follow trends, it can also be used to detect where a trend has weakened and is unlikely to continue. Please keep in mind that its unlikely but the chance is never 0.
In my personal opinion, i think that this indicator should NOT be used as a standalone indicator but rather as a compliment to analysis.
Enjoy!
Berma Rate Of Change [BROC]The provided code is a TradingView Pine Script indicator for calculating the Rate of Change (ROC) over multiple time periods. It includes the following features:
1. **Inputs**: Users can select different lengths for the ROC calculation, including 10, 20, 40, 80, and 160 periods, as well as choose the data source (e.g., closing price).
2. **ROC Calculation**: The ROC is calculated for each specified period using the formula:
\ )}{\left(\frac{(current\_price + price )}{2}\right)}
\]
This formula compares the current price with the price from the specified number of periods ago, normalized by the average of the two prices.
3. **Plotting**: The ROC values are plotted on the chart with colors indicating whether the ROC is positive (green) or negative (red). Each of the five ROC values is plotted separately.
4. **Zero Line**: A dashed horizontal line at zero helps identify the pivot point between upward and downward trends.
5. **Background Color**: The background color changes to a light green when all ROC values are positive and to light red when all ROC values are negative, providing immediate visual cues for overall trend conditions.
This indicator is useful for traders seeking to understand momentum and price changes over varying periods, giving insight into potential buy or sell signals.
AVP 259 alertsits a mixture of indicators that merges the famous indicators in one single form to easily get explained with their study and mastery
Buy and Sell with Oscillator DivergenceThis exploratory script provides a graphical representation of "Peaks" and "Dips" during market expansion, where traders are likely to take part of their profits. One possible use is with a contrarian entry strategy: selling when buyers have finished taking their profits and buying when sellers have finished taking their profits. This is achieved by comparing the strength of an existing trend by analysing the price and any given oscillator between two consecutive peaks or dips for regular divergences.
The script combines Bollinger Band expansion to detect extreme points. It then compares a single oscillator of choice (e.g., RSI, CCI, Stoch RSI, or MACD) to determine whether the value of the oscillator between two Bollinger Band extremes is increasing or decreasing, thereby detecting possible divergence with the price. Additionally, there is an option to include any other oscillator of choice as an input source for the oscillator, provided that it is loaded on the chart.
In an uptrend, if the price continues to peak higher while the oscillator peaks lower, it indicates signs of bullish exhaustion. Conversely, in a downtrend, if the price keeps dipping lower while the oscillator dips higher, it signals bearish exhaustion.
The above can be used in conjunction with price action analysis to identify entry or exit points near key areas of support or resistance. The script is intended for exploratory and educational purposes, is a work in progress, it requires further tunning, and does not constitute financial advice.
Relative Strength Index with MA Strategy [QuocMinhOfficial}Giải thích các thay đổi:
Định nghĩa Tín hiệu Mua (Buy) và Bán (Sell):
Buy: Sử dụng hàm Cross(rsiMA2, rsiMA3) để xác định khi đường RSI MA2 cắt lên trên đường RSI MA3.
Sell: Sử dụng hàm Cross(rsiMA3, rsiMA2) để xác định khi đường RSI MA2 cắt xuống dưới đường RSI MA3.
Điều chỉnh Filter:
Ban đầu, trong code của bạn có Filter = Buy AND Sell; điều này luôn luôn sai vì một giao dịch không thể vừa mua vừa bán cùng một lúc. Thay vào đó, chúng ta sử dụng Filter = Buy OR Sell; để lọc các giao dịch mua và bán riêng biệt.
Thêm Các Cột Hiển Thị (Tu yong):
Sử dụng AddColumn để hiển thị các giá trị RSI và các đường MA tương ứng trong kết quả backtest, giúp bạn dễ dàng theo dõi và phân tích.
Ghi chú:
Nếu bạn muốn thêm các điều kiện bổ sung cho tín hiệu mua bán (ví dụ: chỉ mua khi RSI trên 50), bạn có thể kết hợp các điều kiện bằng toán tử AND hoặc OR như trong ví dụ đã thêm.
Hãy đảm bảo rằng bạn kiểm tra lại logic và kết quả backtest để xác nhận rằng tín hiệu mua bán hoạt động như mong đợi.
CLuceSalutemShort Description: This Pine Script combines the Gaussian Moving Average, Stochastic Oscillator, and VWAP to create a versatile trading indicator. It integrates ATR-based trailing stops and Fibonacci levels to enhance decision-making for both trend and momentum traders.
Detailed Description: The Gaussian Stochastic VWAP Strategy is designed for traders seeking a comprehensive tool that identifies trends, momentum shifts, and key price levels. The script features:
Gaussian Moving Average (GMA): Smooths price data for reliable trend detection.
Stochastic Oscillator (%K and %D): Highlights momentum shifts and overbought/oversold conditions.
VWAP with Bands: Tracks volume-weighted price averages with dynamic standard deviation bands for support and resistance.
ATR-Based Trailing Stops: Provides adaptive stop-loss levels for long and short trades.
Fibonacci Levels: Automatically plots key retracement levels for price targets and reversals.
Signal Alerts: Generates buy/sell signals based on stochastic crossovers and Gaussian trend alignment.
This indicator is versatile and works on various timeframes, making it suitable for scalpers, swing traders, and position traders.
Categories
Trend Analysis
The Gaussian Moving Average helps identify the direction of the market trend.
Momentum
Stochastic Oscillator highlights shifts in market momentum, assisting in entry and exit timing.
Support & Resistance
VWAP bands and Fibonacci levels provide clear areas of interest for price action.
Corrected VWAP StrategyThe "Corrected VWAP and Stochastic Strategy" is a powerful trading indicator that combines key market dynamics to enhance decision-making in intraday and swing trading. This tool integrates the following:
VWAP (Volume Weighted Average Price):
Tracks the average price level weighted by volume.
Includes standard deviation bands to identify overbought and oversold conditions.
Stochastic Oscillator:
Provides momentum signals with %K and %D lines.
Highlights potential trend reversals using stochastic crossovers.
ATR (Average True Range) Trailing Stop Loss:
Dynamically calculates long and short trailing stops.
Offers risk management through adaptive stop-loss levels based on market volatility.
Buy and Sell Signals:
Generates real-time alerts for bullish and bearish conditions.
Signals are based on stochastic crossovers combined with VWAP positioning.
Whether you're a day trader looking for quick entries or a swing trader focused on trend-following strategies, this indicator offers actionable insights into market conditions. It's especially effective in high-volume assets where VWAP and momentum oscillators shine.
Key Features:
Dynamic VWAP Bands: Helps identify key price levels and deviations.
Momentum Analysis: Leverages stochastic oscillator for directional bias.
Risk Management: ATR-based trailing stops for disciplined exits.
Visual Alerts: Intuitive buy and sell signals plotted directly on the chart.
Customizable Inputs: Tailor parameters like VWAP length, stochastic periods, and ATR multipliers to suit your trading style.
Normalized Price ComparisonNormalized Price Comparison Indicator Description
The "Normalized Price Comparison" indicator is designed to provide traders with a visual tool for comparing the price movements of up to three different financial instruments on a common scale, despite their potentially different price ranges. Here's how it works:
Features:
Normalization: This indicator normalizes the closing prices of each symbol to a scale between 0 and 1 over a user-defined period. This normalization process allows for the comparison of price trends regardless of the absolute price levels, making it easier to spot relative movements and trends.
Crossing Alert: It features an alert functionality that triggers when the normalized price lines of the first two symbols (Symbol 1 and Symbol 2) cross each other. This can be particularly useful for identifying potential trading opportunities when one asset's relative performance changes against another.
Customization: Users can input up to three symbols for analysis. The normalization period can be adjusted, allowing flexibility in how historical data is considered for the scaling process. This period determines how many past bars are used to calculate the minimum and maximum prices for normalization.
Visual Representation: The indicator plots these normalized prices in a separate pane below the main chart. Each symbol's normalized price is represented by a distinct colored line:
Symbol 1: Blue line
Symbol 2: Red line
Symbol 3: Green line
Use Cases:
Relative Performance Analysis: Ideal for investors or traders who want to compare how different assets are performing relative to each other over time, without the distraction of absolute price differences.
Divergence Detection: Useful for spotting divergences where one asset might be outperforming or underperforming compared to others, potentially signaling changes in market trends or investment opportunities.
Crossing Strategy: The alert for when Symbol 1 and Symbol 2's normalized lines cross can be used as a part of a trading strategy, signaling potential entry or exit points based on relative price movements.
Limitations:
Static Alert Messages: Due to Pine Script's constraints, the alert messages cannot dynamically include the names of the symbols being compared. The alert will always mention "Symbol 1" and "Symbol 2" crossing.
Performance: Depending on the timeframe and the number of symbols, performance might be affected, especially on lower timeframes with high data frequency.
This indicator is particularly beneficial for those interested in multi-asset analysis, offering a streamlined way to observe and react to relative price movements in a visually coherent manner. It's a powerful tool for enhancing your trading or investment analysis by focusing on trends and relationships rather than raw price data.
Expansion Contraction IndicatorExpansion Contraction measures the speed at which price moves through two moving averages, a 10 period SMA of the high and an 8 period SMA of the low (Moving Average Channel). When the Positive Short line crosses above the zero line and the cloud is green, we are in a strong uptrend and a buy signal can be taken. When the Negative Short line crosses above the zero line and the cloud is red, we are in a strong downtrend and a sell signal can be taken.
Standard deviation lines are added to measure the strength of the trend and support and resistance areas. When the short lines go above 1 or 2 standard deviations, it may indicate price may have gotten very high or very low too quickly in the short term. When the cloud goes above 2 standard deviations, it may indicate the overall trend may be getting ready for a reversal.
Formula created by Brian Latta, author of The Book on Trading - The Secret Language of the Markets . Moving Average Channel concept by Jake Bernstein, author of many best-seller books on day-trading, including The Compleat Day Trader , Seasonal Futures Spreads , and more.
ADX with Trend ColoringThe ADX indicator helps identify the strength of a trend, while the DI+ and DI- values indicate the direction. In this script, the ADX's color reflects the dominant trend: green for long (DI+ is stronger and above its high limit) and red for short (DI- is stronger and above its high limit). DI+ and DI- are categorized into three levels based on user-defined thresholds. These levels indicate weak, moderate, or strong trend activity, providing insights into potential trade setups by aligning the ADX strength with the directional indicators.
The code has been updated to include two user-defined limits for both DI+ and DI-, allowing for three distinct ranges (e.g., 0-15, 15-30, 30-100) with corresponding colors.
The script now adjusts the ADX color dynamically to reflect the trend, based on whether DI+ or DI- is stronger. It uses green for long trends and red for short trends.
Multi EMA + Timeframe + RSI levelsThis indicator was created to make life easier for all traders, including the main market indicators, such as EMAs 12, 26 and 200 + respective EMAs in higher time frames, and complemented with RSI Levels that vary from overbought 70 - 90 and oversold 30 - 10.
The Indicator can be configured to make the chart cleaner according to your wishes.
If you liked this indicator and would like to contribute to keeping it updated or creating new indicators, feel free to share any value or crypto coin: 0x9a797cd5351c249810f2a52f7459770fb96bb347
Precision Combo Indicator with CrossesThe Precision Combo Indicator is a powerful tool designed to help traders identify high-probability buy and sell signals by combining three key technical indicators: Moving Averages (MA), Relative Strength Index (RSI), and MACD (Moving Average Convergence Divergence). It provides clear visual cues, including crossing lines and labels, to make trading decisions easier and more precise.
How It Works:
Moving Averages (MA):
The indicator plots two moving averages:
Fast MA (Blue Line): A shorter-term moving average (default: 9 periods).
Slow MA (Orange Line): A longer-term moving average (default: 21 periods).
When the Fast MA crosses above the Slow MA, it signals a potential uptrend.
When the Fast MA crosses below the Slow MA, it signals a potential downtrend.
RSI (Relative Strength Index):
The RSI is used to identify overbought (above 70) and oversold (below 30) conditions.
A buy signal is generated when the RSI exits the oversold zone (rises above 30).
A sell signal is generated when the RSI exits the overbought zone (falls below 70).
MACD (Moving Average Convergence Divergence):
The MACD consists of two lines:
MACD Line (Teal): The difference between two exponential moving averages.
Signal Line (Purple): A smoothed version of the MACD Line.
A buy signal is generated when the MACD Line crosses above the Signal Line.
A sell signal is generated when the MACD Line crosses below the Signal Line.
Combined Signals:
A buy signal is confirmed when:
Fast MA crosses above Slow MA.
RSI exits the oversold zone.
MACD Line crosses above the Signal Line.
A sell signal is confirmed when:
Fast MA crosses below Slow MA.
RSI exits the overbought zone.
MACD Line crosses below the Signal Line.
Visual Features:
Moving Averages:
The Fast MA (blue) and Slow MA (orange) are plotted as lines on the chart.
Crosses between the two MAs are marked with green (buy) or red (sell) labels.
MACD Lines:
The MACD Line (teal) and Signal Line (purple) are plotted as lines on the chart.
Crosses between the two MACD lines are marked with light green (buy) or dark red (sell) labels.
How to Use:
Add the Indicator:
Copy the script into the Pine Script Editor on TradingView.
Click "Add to Chart" to apply the indicator.
Interpret the Signals:
Look for green labels below the candles for buy signals.
Look for red labels above the candles for sell signals.
Confirm the signals by checking the crosses of the MA and MACD lines.
Adjust Parameters:
Customize the settings (e.g., MA lengths, RSI levels, MACD parameters) to fit your trading strategy.
Risk Management:
Always use stop-loss and take-profit levels to manage risk.
Example: Set a stop-loss at 2x ATR below the entry price for a long position.
Tips for Success:
Backtest: Test the indicator on historical data to evaluate its performance.
Combine with Other Tools: Use support/resistance levels or Fibonacci retracements for additional confirmation.
Be Patient: Wait for confirmed signals before entering a trade.
ADX and Stochastic Entry Signals (Oscillator)### 🎯 What Does This Indicator Identify?
**Long Entry (BUY):**
A long signal is triggered when the **ADX** shows a strong trend above the set threshold, and the **Stochastic** crosses up from the **Oversold** level (below 20).
**Short Entry (SELL):**
A short signal is triggered when the **ADX** shows a strong trend above the set threshold, and the **Stochastic** crosses down from the **Overbought** level (above 80).
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### 📈 What Makes This Indicator Special?
✅ **Smart Trend Filter:**
The **ADX** ensures that trades are only entered when the trend is strong, preventing false entries in sideways markets.
✅ **Clear Signals on the Chart:**
The indicator plots **green arrows** for long entries and **red arrows** for short entries directly on the chart, along with **colored circles** marking the exact entry points.
✅ **Clearly Defined ADX Levels:**
Includes horizontal lines for **ADX levels of 20, 25, and 30**, helping traders identify trend strength more easily.
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### 🧩 Who Is This Indicator For?
🔹 **Day Traders**
🔹 **Swing Traders**
🔹 **Traders Looking for Strong Trends**
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### 🖱️ How to Use It?
1. **Set your desired timeframe** on the chart (e.g., 15 minutes, 1 hour, or daily).
2. **Look for green and red arrows** on the chart to identify potential entry points.
3. **Use the ADX levels** to confirm that the trend is strong enough before entering a trade.
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### 🚀 Key Benefits:
- **Reduces trades in non-trending markets.**
- **Helps enter trades only when market conditions are favorable.**
- **Provides clear and simple visual signals for better decision-making.**
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### 🤝 Join the Community:
💬 **If you find this indicator helpful, please leave a comment and share your thoughts!**
📊 **Follow me for more trading ideas and indicators on TradingView.**
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### 🔑 Keywords for Your Post:
#ADX #Stochastic #TradingIndicator #EntrySignals #TechnicalAnalysis #DayTrading #SwingTrading #TradingView
Sentiment Proxy (Enhanced Version)"Sentiment Proxy" indicator is designed to enhance your trading decisions by combining the power of an Adaptive EMA with a momentum-based Sentiment Proxy. This dual-layer approach ensures you are well-informed about market conditions and can act decisively.
Key Features:
Adaptive EMA (RSI-based):
Dynamically adjusts to market conditions using RSI-based smoothing.
Helps identify short-term trends and turning points.
Sentiment Proxy (Momentum Analysis):
Calculates momentum and its moving average to evaluate market sentiment.
Divides the market into three zones:
Bullish Zone: Positive momentum (green background).
Bearish Zone: Negative momentum (red background).
Neutral Zone: No clear sentiment (yellow background).
Filtered Buy & Sell Signals:
Buy signals occur when the Adaptive EMA crosses above the comparison EMA during bullish momentum.
Sell signals occur when the Adaptive EMA crosses below the comparison EMA during bearish momentum.
How to Use:
Add the Indicator to Your Chart:
Apply the indicator to any timeframe and asset class.
Interpret the Zones:
Look at the background color for a quick sentiment overview:
Green: Market is bullish.
Red: Market is bearish.
Yellow: Market is neutral.
Monitor the Buy & Sell Signals:
Buy signals appear as green "B" labels below candles.
Sell signals appear as red "S" labels above candles.
Adjust Parameters:
Modify RSI Length, Smoothing Factor, Momentum Length, or Momentum SMA Length to fit your strategy.
Example Strategy:
Bullish Setup:
Wait for a buy signal with a green background.
Confirm the trend by ensuring the price is above the comparison EMA.
Bearish Setup:
Look for a sell signal with a red background.
Ensure the price is below the comparison EMA for confirmation.
Adaptive Fibonacci ClusterThe Adaptive Fibonacci Cluster dynamically adjusts Fibonacci levels based on historical price ranges, identifying key support and resistance zones. It helps traders spot potential reversal points and strengthen their market analysis.
How to Use:
Support Levels: Look for price interactions near the lower Fibonacci clusters.
Resistance Levels: Watch for rejections around the upper Fibonacci clusters.
Dynamic Updates: The clusters adjust automatically to the latest price data, ensuring relevance in all market conditions.
Integrate this tool into your trading strategy to uncover hidden opportunities and boost confidence in decision-making.
