Webby's Market Order

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This is visual representation of Webby's Market Order.

When three consecutive lows are above 21 EMA, Uptrend expectation is natural.
When three highs are below 21 EMA, Downtrend expectation is natural.

Alert Conditions can be set when uptrend and down trend are expected.

Use this indicator with IXIC or SPY or major indices.

This is set at three lows/Highs above 21 EMA as looked by Mike Webster.

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Phát hành các Ghi chú

Combined Stair Steps to Heaven & Webby's Market Order Indicator
A versatile TradingView indicator combining two modes for trend and momentum analysis, with toggleable Simple and Detailed modes.
Simple Mode (Webby's Market Order):
Plots a customizable MA (EMA/SMA, default 21-period) colored by trend (green: up, red: down, yellow: flat).

Background colors indicate market sentiment: bullish (green, lows above MA for 3 bars), bearish (red, highs below MA), or neutral (yellow).

Alerts for bullish/bearish conditions.

Detailed Mode (Stair Steps to Heaven Oscillator):
Plots EMA21, SMA50, SMA200 on the price chart (toggleable).

Exposure oscillator (0–100%) on a separate panel, based on 12 rules (e.g., close above EMA21, EMA21 above SMA50).

Each rule adds 10 to exposure; resets on full_reset (price below all MAs) or pullbacks.

Customizable text box shows exposure percentage; optional background gradient reflects exposure strength.

Alerts for each rule.

12 Rules (Detailed Mode):
0. Close > EMA21
Low > EMA21, prev daily low < EMA21

3 consecutive lows > EMA21,转

System: Summary of "Combined Stair Steps to Heaven & Webby's Market Order" Indicator
Overview: A versatile TradingView indicator combining two toggleable modes for trend and momentum analysis: Simple (Webby's Market Order) and Detailed (Stair Steps to Heaven Oscillator).
Simple Mode (Webby's Market Order):
Plots a customizable moving average (MA, default EMA 21) colored by trend (green: up, red: down, yellow: flat).

Background colors reflect market sentiment: bullish (green, 3 consecutive lows above MA), bearish (red, highs below MA), or neutral (yellow).

Alerts for bullish/bearish conditions.

Detailed Mode (Stair Steps to Heaven Oscillator):
Plots EMA21, SMA50, SMA200 on the price chart (toggleable).

Exposure oscillator (0–100%) on a separate panel, calculated from 12 rules based on price and MA relationships (e.g., close > EMA21).

Each rule contributes 10 to exposure; resets on full_reset (price below all MAs) or pullbacks.

Customizable text box displays exposure percentage; optional background gradient reflects strength.

Alerts for each rule.

12 Rules (Detailed Mode):
Close > EMA21

Low > EMA21, prev daily low < EMA21

Three consecutive lows > EMA21

Close > SMA50

Low > SMA50, prev daily low < SMA50

Three consecutive lows > SMA50

Close > SMA200

Low > SMA200, prev daily low < SMA200

Three consecutive lows > SMA200

EMA21 > SMA50

EMA21 > SMA200

SMA50 > SMA200

Features:
Toggle between modes via dropdown.

Customizable MA types, lengths, colors, opacity, and text box settings.

Alerts for Simple mode (bullish/bearish) and Detailed mode (each rule).

Background gradient and text box for visual clarity.

Usage:
Simple Mode: Use MA and background colors to identify trends; set alerts for market conditions.

Detailed Mode: Monitor oscillator (high >70: bullish, low <30: bearish), MAs, and text box; set rule-specific alerts.

Adjust settings for trading style and timeframe.

Notes:
Suitable for any timeframe; test settings for markets (stocks, forex, crypto).

Resource-intensive on low timeframes; ensure sufficient historical data.

Use with other tools; not a guaranteed predictor.

Overlay=false for oscillator; MAs/text box overlaid on chart.

Credits: Combines Mike Webster’s trend-following concepts with original Pine Script implementation.
Disclaimer: For educational purposes only; not financial advice. Conduct own research and use risk

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Phát hành các Ghi chú

in detail mode, made ema21, sma50, sma200 as user inputs to be flexible. User may opt different lengths to sutdy, sma150 instead of sma200.

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Phát hành các Ghi chú

update if used same logic on IPOs

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Phát hành các Ghi chú

Revert to basics