LazyBear

EMA Wave Indicator [LazyBear]

This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars.

When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :)

Complete list of all my indicators:
https://docs.google.com/document/d/15AGC...


Mã nguồn mở

Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.

Bạn muốn sử dụng tập lệnh này trên biểu đồ?
//
// @author LazyBear 
// List of all my indicators: 
// https://docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing
// 
study("EMA Wave Indicator [LazyBear]", shorttitle="EWI_LB")
alength=input(5, title="Wave A Length"), blength=input(25, title="Wave B Length"), clength=input(50, title="Wave C Length")
lengthMA=input(4, title="Wave SMA Length")
mse=input(false, title="Identify Spikes/Exhaustions")
cutoff = input(10, title="Cutoff")
ebc=input(false, title="Color Bars on Spikes/Exhaustions")
src=hlc3
ma(s,l) => ema(s,l)
wa=sma(src-ma(src, alength),lengthMA) 
wb=sma(src-ma(src, blength),lengthMA) 
wc=sma(src-ma(src, clength),lengthMA) 
wcf=(wb != 0) ? (wc/wb > cutoff) : false
wbf=(wa != 0) ? (wb/wa > cutoff) : false
plot(0, color=gray, title="ZeroLine")
plot(wc, color=maroon, style=histogram, linewidth=3, title="WaveC")
plot(mse and wcf?wc:na, color=fuchsia, style=histogram, linewidth=3, title="WaveC Spike")
plot(wb, color=blue, style=histogram, linewidth=3, title="WaveB")
plot(mse and wbf?wb:na, color=fuchsia, style=histogram, linewidth=3, title="WaveB Spike")
plot(wa, color=red, style=histogram, linewidth=3, title="WaveA")
barcolor(ebc?(wcf and wbf) ? #81F7F3 : (wcf or wbf) ? fuchsia : na : na)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Bình luận

What is meant by the pink candles with blue border?
+97 Phản hồi
Joy_Bangla Cryptocontinuum
@Cryptocontinuum, Did you figure it out?
+9 Phản hồi
jammy1971 Cryptocontinuum
@Cryptocontinuum, It seems that it indicates sudden possible change upwards/downwards.
+6 Phản hồi
how does it work, i cant figure it out. is there any way i can find out more about it, thanks
+46 Phản hồi
@Gedeje, Same here
+1 Phản hồi
Most definitely. Was gonna write my own but may just customize with my own indicators too. Nice work.
+9 Phản hồi
so from what I understand, the different colors represent, from bright red to dark red, are the shorter time-frame moving averages to longer time-frame moving-averages. The pink bars represent sudden change upwards or downwards of the trend?
+7 Phản hồi
Hi,
Is it possible to show values in percentage of price?

Thanks
+5 Phản hồi
Nice Work...As Always....
+5 Phản hồi
LazyBear ChrisMoody
Thanks Chris.
+1 Phản hồi