MACD line is difference between 20 EMA and 100 EMA which measures the Longterm trend. If MACD line is above Zero trend is positive. If MACD line is below zero trend is negative. Strategy is classic Buy in uptrend Sell in Downtrend. To Improve the entry timing MACD histogram is used as Momentum. Histogram is the difference between MACD line and 20 EMA of MACD...
How I Never Trade Against the Trend "Today I want to reveal another amazing tool in my arsenal when it comes to intraday trading. Now this is only for intraday time frames and not for swings or anything longer than few minutes to few hours ." from Tic Tock Trading Substack credit to Vincente
Use for intraday proper stop losses and targets. When the price goes above the first level wait for a signaling candle and once we have it place your stop loss just above the second level for short trade and vice versa for long trades.
Hello. This script uses 3 moving averages. I used the ALMA moving averages with 34 , 144 and 610 periods. The script chooses the highest moving average as well the lowest moving averge. As the distance between the highest and lowest is known it calculate the targets superior end inferior as well the levels of retracement considering the highest and lowest moving...
Version 4 of the Keltner Scipt, removes ATR period and sets to it auto.
Allows visualizing a periodic cycle based on startdate, cycle period and part of cycle to be highlighed.
I present to you a simple but useful indicator. The basic logic is an indicator that tracks the high of the high bars in the specified range and the low of the low bars in the specified range. I used two multipliers in order to go out of certain ranges and I tried to provide precision by subtracting this multiplier value from the lowest and highest values. I...
This script shows the inefficiency of the markets. Comparing two (correlated) symbols, the values above 0 means the main symbol (at the top of the graph) outperforms the other. A value below 0 means the main symbol underperforms the other. The band displays different entries until the last candle. Any P/L (of the band range) is visible in the band. Example:...
Calculating NYSE Up Volume (UPVOL.NY) vs NYSE Down Volume (DNVOL.NY). The triangles appear when the ratio exceeds 90% in either direction. Also has the option to switch to NQ, US, DJ, AM, or AX tickers. Credit to @MagicEins for the original script:
Inside Bar Indicator, shows when a candle is contained within the previous candle.
Hi again. I have another indicator that I think is pretty neat. I had the idea of creating an Awesome Oscillator for my Ultimate MA, just to see what kind of signals it might produce. If you're not familiar with my UMA you should go take a look at it, but essentially it is just an average of eight different length MAs, and if you're not familiar with the Awesome...
TV announced that you can now pull data from Glassnode! Here you can find every metric available to compare blockchain data from different coins. How to use: - Select your Coin - Select your Metric Then you can enable another coin or the same one to compare data. As per TV's post: Coins: BTC, ETH, LTC, AAVE, ABT, AMPL, ANT, ARMOR, BADGER, BAL, BAND, BAT,...
Countdown Interval Timer calculates the time remaining (in seconds) until bar close and 5 custom intervals (minutes). Given the execution model of Pine Script is ticked-based, alerts based on this indicator will only trigger if there is a tick at the right time. Specifically, a tick would be required between the event target (close of bar time, end of minute/s...
The following script allows for the extrapolation of a Cubic Bézier Curve fit using custom set control points and can be used as a drawing tool allowing users to estimate underlying price trends or to forecast future price trends. Settings Extrapolation Length: Number of extrapolated observations. Source: Source input of the script. Style Width:...
hey Piners community, this is an iteration of inbuilt MFI script, with two MFIs of different lengths and one Moving Average which is dependent on MFI 1. I find it useful to see the trend of longer MFI period, which tells me what direction to trade. On shorter period MFI I'm looking at Oversold or Overbought zones - while quicker MFI index is there, I'm looking...
OTTO - Optimized Trend Tracker Oscillator is a derivative of Anıl Özekşi's OTT - Optimized Trend Tracker: It is more sensitive to price movements when compared to its ancestor OTT. There are 2 more parameters of VIDYA moving average lengths FAST and SLOW. Fast VIDYA has length of 10 bars and Slow VIDYA has 25. Correction Constant is a crucial parameter to make...
This indicator shows you: - The first bullish candle to close below EMA 10 - The first bearish candle to close above EMA 10. Optional: You can enable the exit signals in the setting. This will show you: - If you are long (bullish), it will signal when the first bullish candle closes below EMA 10 - If you are short (bearish), it will signal when the first bearish...
This indicator shows market structure. The standard method of using Williams Highs and Lows as pivots, is something of an approximation. What's original here is that we follow rules to confirm Local Highs and Local Lows, and strictly enforce that a Low can only follow a confirmed High and vice-versa. -- Highs and Lows To confirm a candle as a Local High, you need...