Moving
Wide BarsSimple scripts show the wide range bars within in the look back period, visualizing the bigger momentum.
Added four exponential moving averages which define the trend of the instrument.
Wide range candles in the direction of overall trend on higher timeframes; give confluence of higher participation in the same direction.
Note : Decent volume above the average volume with wide range candle adds more value.
[Sidders] MACDEMASAR IndicatorCame across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure.
Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits).
Long entry contains 4 conditions and is generated when price is above the 200EMA (1), the MACD crosses above the signal line (2), while they are both below 0 line (3) and when the parabolic SAR is below the closing price of the bar (4).
Short entry is build up the same but in reverse: price is below the 200EMA(1), signal line crosses below the MACD line (2), while they are both above the 0 line (3) and when the parabolic SAR is above the closing price of the bar (4).
Place the stoploss on the parabolic SAR dot below/above the candle that created the signal. Profit target 1:1 risk:reward ratio, but can ofcourse be changed according to your risk apetite. Might add automatically drawn SL/TPs in a later update.
Concept behind the strategy should work on all timeframes, but will require proper backtesting. I think with additional filters the strategy can also be way more finetuned and profitable, personally haven't had the time yet to dive into that.
Have also added alerts for your convenience.
Enjoy!
Tradingview ToolkitA new trader's biggest barrier to entry is lack of understanding where they are in terms of time and price and with tradingview free they are often limited to just 1 or 2 extra indicators as many new traders slap on RSI and MACD as 2/3 free ones. While these indicators are fine for trend analysis, its important to know where the price is in relation to time. Thus, this all-in-one script is meant to have a lot of customizable utility to save on indicator spots and act as a hotspot for many common needs.
-2 Sets of VWAP line w/ standard deviation bands with customizable timeframes.
-1 more customizable timeframe VWAP line (no std dev bands) to use as a long time frame reference
-Ability to plot previous VWAP close prices over current timeframe on all VWAP lines w/ basic color changing if price closes above/below
-2 Sets of Bollinger Bands with customizable source length and MA type
-3 customizable moving averages with custom timeframe/resolutions
-Inside candle barcolor repainter to easily notice if a candle was inside the range of the previous candle (price contraction)
Not meant to have everything on at once, but simply a place to enable and disable different things and save spots for more important things
Moving Average Slope AnalysisThis is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script.
Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point.
Read code comments for instructions!
Moving Average Buy/Sell IndicatorUsing a selected Exponential Moving Average (EMA)/Simple Moving Average (SMA) range, this indicator inserts a Long/Short (buy/sell) indicator overlaid on chart depending on the following conditions:
- LONG/BUY SIGNAL = if SMA value is less than EMA, and both the SMA and EMA are less than the current average price.
- SHORT/SELL SIGNAL = if SMA value is greater than EMA, and both the SMA and EMA are greater than the current average price.
**Intended for use with the 21 and 34 weekly moving average time range. Much more useful for long-term analysis rather than short-term analysis.**
Moving Average Crossover with Shading Signals This script uses 3 moving averages (2 simple moving averages and 1 exponential moving average ) to signal long and short opportunities based on moving average crossovers.
A long SMA (Signal SMA2) is used to determine longer term trend. When the EMA crosses above the Slow SMA1 and price is above the Signal SMA2. The space between the moving averages will shade green and the Signal SMA should also be green.
A sell signal occurs when the EMA crosses below the Slow SMA1 and price is below the Signal SMA2. The space between the moving averages will turn red and the Signal SMA should also be red.
A retracement, consolidation, or reversal may be occurring if the shaded color is yellow.
Use the identifying shapes to learn when to open or close positions.
Stepping MAInput desired timeframe and etc
Ex: Timeframe Daily
Input 100
Will display daily moving of 100 on every timeframe
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Moving Average BandsUse this script to find buy and sell zones for BTC based on momentum of the move relative to the average asset price over a given period. The script plots a series of offset bands above and below the Simple Moving Average. When price crosses another band further from the SMA, the background is rendered brighter. The brighter the background, the stronger the buy and sell signal is, as the expectation is that price wants to return to the SMA. Settings are adjustable to fine tune to various time frames and assets. Good settings for BTC Daily are length 30, layers at 10, 20, 30, and 40.
On 1H BTC/USD I use length 200, layers at 5, 10, 15, 20 to find decent swing trading opportunities.
On BTC/USD 1D chart, combine with Bitcoin Logarithmic Growth Curve from @mabonyi (original by @quantadelic )for confluence of very reliable signals.
Overlay Indicators (EMAs, SMAs, Ichimoku & Bollinger Bands)This is a combination of popular overlay indicators that are used for dynamic support and resistance, trade targets and trend strength.
Included are:
-> 6 Exponential Moving Averages
-> 6 Simple Moving Averages
-> Ichimoku Cloud
-> Bollinger Bands
-> There is also a weekend background marker ideal for cryptocurrency trading
Using all these indicators in conjunction with each other provide great confluence and confidence in trades and price targets.
An explanation of each indicator is listed below.
What Is an Exponential Moving Average (EMA)?
"An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.
What Does the Exponential Moving Average Tell You?
The 12- and 26-day exponential moving averages (EMAs) are often the most quoted and analyzed short-term averages. The 12- and 26-day are used to create indicators like the moving average convergence divergence (MACD) and the percentage price oscillator (PPO). In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred.
Traders who employ technical analysis find moving averages very useful and insightful when applied correctly. However, they also realize that these signals can create havoc when used improperly or misinterpreted. All the moving averages commonly used in technical analysis are, by their very nature, lagging indicators."
Source: www.investopedia.com
Popular EMA lookback periods include fibonacci numbers and round numbers such as the 100 or 200. The default values of the EMAs in this indicator are the most widely used, specifically for cryptocurrency but they also work very well with traditional.
EMAs are normally used in conjunction with Simple Moving Averages.
" What Is Simple Moving Average (SMA)?
A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods in that range.
Simple Moving Average vs. Exponential Moving Average
The major difference between an exponential moving average (EMA) and a simple moving average is the sensitivity each one shows to changes in the data used in its calculation. More specifically, the EMA gives a higher weighting to recent prices, while the SMA assigns an equal weighting to all values."
Source: www.investopedia.com
In this indicator, I've included 6 popular moving averages that are commonly used. Most traders will find specific settings for their own personal trading style.
Along with the EMA and SMA, another indicator that is good for finding confluence between these two is the Ichimoku Cloud.
" What is the Ichimoku Cloud?
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.
The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s.1 It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals."
More info can be seen here: www.investopedia.com
I have changed the default settings on the Ichimoku to suit cryptocurrency trading (as cryptocurrency is usually fast and thus require slightly longer lookbacks) to 20 60 120 30.
Along with the Ichimoku, I like to use Bollinger Bands to not only find confluence for support and resistance but for price discovery targets and trend strength.
" What Is a Bollinger Band®?
A Bollinger Band® is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences.
Bollinger Bands® were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought."
This article goes into great detail of the complexities of using the Bollinger band and how to use it.
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This indicator combines all these powerful indicators into one so that it is easier to input different settings, turn specific tools on or off and can be easily customised.
SNAP BACK 2.0 Strategy
This strategy is designed to allow you to catch the bounce or "SNAP Back" of an equity that has been in a trend.
1) Once the moving averages are in the order of 200SMA > 50 SMA > 34EMA > 20SMA > 8EMA (or reverse for and uptrend), the strategy is setup.
2) Next you wait for a trigger of the closing price crossing the 8EMA, while there is a desired gap size between the 8EMA and the 20SMA (2-10% of stock value preferred).
3) Exit position based on target profit reached (conservative sell half at 34EMA and engage a trailing stop loss for remainder or set static limit) or price crosses 8EMA or stop loss%
*)This code also allows you to determine your desired backtesting date compliments of alanaster
This code is the product of many hours of hard work on the part of the greater tradingview community. The credit goes to everyone in the community who has put code out there for the greater good.
The idea for the coding came from a video I watched on YouTube presented by TradeStation called Snap Back - thank you guys for the inspiration.
UPDATE: I have coded the other side of the strategy to allow you to take advantage of the same set-up in an uptrend for Short plays. You can turn the up or downsides on, off, or both.
The main intent is to catch the bounces of a falling stock. However, I have found that you can do the inverse and catch the drops in a rising stock (the latter is not as reliable). This also tends to work better on less volatile stocks. I have included a large volume of user defined conditions and display entry and exit conditions on the chart to see how your choices are impacting the script.
Customisable Moving Averages x5This is a Moving Averages pack with 5 lines.
This indicator is different from others because with it you can select the MA type used in calculations for each line.
Available MA types are (currently):
SMA
EMA
WMA
VWMA
RMA
HMA
Also configurable (for each line) are data source (open, close, hlc3, etc) and period.
Heavy EMAThis script looks at 5 different EMAs so that you can compare the short term to the long term trend, and combines it with the Parabolic SAR. This can be used to find a great entry into a new or reversing trend.
Reduced Averages (20,50,100,200)This script simply takes average value of exponential averages with a goal of reducing the noise on your chart. Many traders use a bunch of averages to identify a trend as they perfectly line up. Reduced Averages does just that. When price is close to a central line, you can comfortbly switch to another chart. When you see it deviating further away, you can enable 20 EMA, 50 EMA, 100 EMA and 200 EMA with a single click.
Welles Wilder MA [MX]The average of 34 periods I observe as a mobile S/R, but I usually observe it more when it is in strong trend, and the average of 72 and 89 as trend dictators, if the asset is above them = Bullish , below = Bearish , and the 144 average as the last moving S/R, and also as an S/R even stronger than all other MAs and when the asset loses that average, I see it as final confirmation of the other previous averages.
I give more importance to the average of 89 periods than to 72, because I see it as an extension to the average of 72, as if it were a trend range.
for those who prefer to observe the crossing of short and long averages as a way to see the trend, I also left this option, although I do not use
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A média de 34 periodos eu observo como um S/R móvel, mas eu costumo observar ela mais quando está em forte tendência, estando bem bearish ou jeffish, e a média de 72 e 89 como ditadoras de tendência, se o ativo está acima delas = Bullish , abaixo = Bearish , e a média de 144 como o último S/R móvel, e também como um S/R ainda mais forte que todas as outras MA's e quando o ativo perde essa média, eu vejo como confirmação final das outras médias anteriores.
Eu dou mais importância a média de 89 períodos do que a de 72, porque eu vejo ela como uma extensão a média de 72, como se fosse um range de tendência.
para quem prefere observar o cruzamento das médias curtas com as longas como forma de ver a tendência, eu deixei também essa opção, embora eu não use
Tilson T3 and MavilimW Triple Combined StrategyInspired by truly greatful Kivanç Ozbilgic (www.tradingview.com).
The strategy tries to combined three different moving average strategies into one.
Strategies covered are:
1. Tillson T3 Moving Average Strategy
Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions.
It incorporates a smoothing technique which allows it to plot curves more gradual than ordinary moving averages and with a smaller lag. Its smoothness is derived from the fact that it is a weighted sum of a single EMA, double EMA, triple EMA and so on. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. Thus, a confirmed penetration of the T3 MA and the lack of a following reversal often indicates the end of a trend. Here is what the calculation looks like:
T3 = c1*e6 + c2*e5 + c3*e4 + c4*e3, where:
– e1 = EMA (Close, Period)
– e2 = EMA (e1, Period)
– e3 = EMA (e2, Period)
– e4 = EMA (e3, Period)
– e5 = EMA (e4, Period)
– e6 = EMA (e5, Period)
– a is the volume factor, default value is 0.7 but 0.618 can also be used
– c1 = – a^3
– c2 = 3*a^2 + 3*a^3
– c3 = – 6*a^2 – 3*a – 3*a^3
– c4 = 1 + 3*a + a^3 + 3*a^2
T3 MovingThe T3 Moving Average generally produces entry signals similar to other moving averages and thus is traded largely in the same manner.
Strategy for Tillson T3 is if the close crossovers T3 line and for at least five bars the close was under the T3
2. Tillson T3 Fibonacci Cross
Kivanc Ozbilgic added a second T3 line with a volume factor of 0.618 (Fibonacci Ratio) and length of 3 (fibonacci number) which can be added by selecting the T3 Fibonacci Strategy input box.
Strategy for Tillson T3 Fibo is when the Fibo Line crossover the T3 it gives long signal vice versa.
3. MavilimW
MavilimW is originally a support and resistance indicator based on fibonacci injected weighted moving averages.
Strategy for MavilimW is is if the close crossovers T3 line and for at least five bars the close was under the T3
Hope you enjoy
MA_CROSSOVER with SL & TPThis is the Moving Average Script Including the Stoploss and Target Levels. By Default it is working on 25 & 40 Parameters but it can change accordingly.
[R&D] Moving CentroidThis script utilizes this concept. Instead of weighting by volume, it weights by amount of price action on every close price of the rolling window. I assume it can be used as an additional reference point for price mode and price antimode.
it is directly connected with Market (not volume) profile, or TPO charts.
The algorithm:
1) takes a rolling window of, for example, 50 data points of close prices:
2) for each of this closing prices, the algorithm will check how many bars touched this close price.
3) then: sum of datapoints * weights/sum of weights
Since the logic is implemented in pretty non-efficient way, the script sometimes can take time to make calculations. Moreover, it calculates the centroid taking into account only close prices, not every tick. of a given rolling window That's why it's still experimental.
Harmonic MADsNo, it's not a new saturation plugin for your fruity loops.
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These are Mean Average Deviations calculated from Harmonic Mean.
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In my previous research I tried to develop "Harmonic Average Deviations", since applying stdevs on Harmonic Mean calculated from reciprocals ain't make sense. Din't work out, prolly cuz by definition stdevs doesn't like negatives. So in the end I ended up using Mean Average Deviations, and turned out it works great. Generally market data doesn't distribute normally, so t's a great tool, now weird kurtosis won't be a problem.
Harmonic Moving AverageI was legitimately surprised no1 has already coded it out on TradingView, but you guys can copypaste & include it in Pine 5 if your see this xd
Here is it.
I've checked and double checked everything, the calculations are right, it can be proved by plotting mean, geometric mean & harmonic mean together and noticing that geometric mean will be always between Harmonic mean, which is always below, and Mean, which is always above.
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Other central tendency measures are also here as well for usability.
RAT Momentum Squeeze BETAV1.0
MAs are a great tool to measure the market's momentum. I created this indicator to graphically depict bullish and banishment movements with the moving averages.
Using the 50, 100, & 200 day MA in conjunction with the RSI we are able to find great swing setups. This is used best on the 30min & up to the daily chart.