This indicator plots the difference between the High (of the previous period)
and an exponential moving average (13 period) of the Close (of the previous period).
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
The Moving Average Crossover trading strategy is possibly the most popular
trading strategy in the world of trading. First of them were written in the
middle of XX century, when commodities trading strategies became popular.
This strategy is a good example of so-called traditional strategies.
Traditional strategies are always long or short....
According to Elder, "The Impulse System encourages you to enter a trade cautiously but exit fast, by identifying inflection points where a trend speeds up or slows down. This is the professional approach to trading, the total opposite of the amateur's style. Beginners jump into trades without thinking too much and take forever to get out, hoping and waiting for...
Another new indicator for TV community :)
STC detects up and down trends long before the MACD. It does this by using the same exponential moving averages (EMAs), but adds a cycle component to factor instrument cycle trends. STC gives more accuracy and reliability than the MACD.
More info: www.investopedia.com
Feel free to "Make mine" this chart and use the...
Zerolag (almost) EMA gives a good indicator of "close" trend. Many are familiar with the fast/slow ema crossing strategy. Try using this zerolag_ema as the fast runner. You will see improved and more reliable crossovers..
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is...
Generic 8x MA plotter. Marks all MA crossings.
Also, you can specify the type of MA -- SMA or EMA.
I actually added an option to disable a specific MA line by specifying ZERO for it. This seems to break the Pinescript Engine. So, for now, please specify all MA values, though I have support for disabling a line in the code.
EMAEnvelope indicator does just that, draws a nice user-defined period EMA envelope (overlay).
It also can highlight the Bull/Bear breaks using different colors
- Green : High > EMA_HIGH
- Lime : (High > EMA_HIGH) and (Low > EMA_HIGH)
- Orange : Low < EMA_LOW
- Red : (Low < EMA_LOW) and (High < EMA_LOW)
Background highlighting is...
