This indicator is a modified (Multi Timeframe) version of the Phoenix Ascending that you can find between the @WyckoffMode scripts and it follows the same rules at the moment of the pubblication. A special thanks to @Neuromantic that did a great part of the MTF coding and to @HedgeMode for the "real-time" idea to make the ongoing candle visibly different...
This weighting method linearly weights a percentage of values from both the beginning and the end of the rolling window in order to minimize the effect of outliers entering and leaving the window.
Just one more simple and useless Oscilator based on EMA. I've used Standard Deviation of (close - ema) to show overheated zones.
The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average. Adding the difference creates a negative lag relative to the original function. Negative lag is what...
Backtest of the indicator "Mix1: Ema Cross + Trend Channel " Trend indicator, by the crossing of moving averages SMA200 with a channel as a filter confirms the trend. The crossing of two moving averages, give alert only in trend.
The Relative Strength Volatility Adjusted Exponential Moving Average was created by Vitali Apirine (Stocks and Commodities Mar 2022) and this is his final indicator of his recent Relative Strength series. I published both of the previous indicators, Relative Strength Volume Adjusted Exponential Moving Average and Relative Strength Exponential Moving Average...
Double RSI uses a Slow RSI combined with a Fast RSI to generate Buy and Sell signals. Least Squares Moving Average is only here for filtering signals. It is very good on certain stocks or ETFs on longer timeframes for swing trading. If you get a Buy signal look at the LSMA trend and if the candle is above the LSMA. It works great for me on lower timeframes...
This trading system comes from the experience of having a "fast" signal for entry at low prices (such as the stoscastic) and then "following" the stock with a "slower" indicator such as the exponential moving average. Both the input and output signals are filtered. The use of the trading system only carries out long operations and has been tested on shares and...
This strategy is a modification of the “R3 Strategy” from the book "High Probability ETF Trading" by Larry Connors and Cesar Alvarez. This RSI strategy is for a 1-day time-frame and has these 3 simple rules: Criteria: The price must be above the 200 day moving average. The 2-period (day) RSI drops 3 days in a row. The 2-period RSI must have been below 60 3...
There are many tools for swing traders. Position traders have not as much, perhaps because they live in the fringe zone between fundamental analysis and trend following. In order to bridge this gap between fundamental analysis and technical analysis on large timeframes, we decided to work on building a market indicator that assesses its risk and quantifies it on...
JPMorgan Chase & Co . strategists have identified what they say is a near bulletproof indicator to strengthen their argument that stock markets are poised to rally. The buy signal is triggered when the Cboe Volatility Index ( VIX ) rises by more than 50% of its 1-month (30 day) moving average, which it last did on January 25th 2022, according to the strategists...
As a fun exercise, I tried to clone Ben Cowen's Corridor! The formulas for the boundaries are available on his website which are quoted at the top of the script. I couldn't get the boundaries to fit in the same way, but I found a quick and dirty solution in using Euler's number as a multiplier. That got the bands to fit close enough . Be aware that the original...
JPMorgan Chase & Co. strategists have identified what they say is a near bulletproof indicator to strengthen their argument that stock markets are poised to rally. The buy signal is triggered when the Cboe Volatility Index (VIX) rises by more than 50% of its 1-month (30 day) moving average, which it last did on January 25th 2022, according to the strategists led...
The Script plots 4 Moving averages. 1. Short Moving Average 2. Medium Moving Average 2. Trend Bias (Usually a much slower Moving Average) - Plots in Green when price action is above the line and Red for when price action is below the line. 3. Alerts are triggered when the short MA/ EMA turns. Can be used for Early Entry signals and Exits. 4. Alerts are triggered...
This user-friendly indicator allows up to 8 moving averages ( EMA or SMA ) from any timeframe, on any time frame. There are plenty of other MTF MA indicators, each with their own pros and cons. I wanted to make one without the cons: - Independently set each MA to Exponential or Simple - No preset lengths - No preset timeframes - Optional labels to help keep...
Mainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers. Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles, followed by an engulfing candle in the opposite direction. This pattern usually...
This is a simple tool to compare two selected MACD histogram area. The MACD histogram area is sometimes used to determine trend reversal or trend strength. One may have difficulty with this when the compared MACD areas are of different shape or similar in size. This indicator/tool allows user to select two time periods on the chart and get a precise compare...
Linearly Weighted Ordinary Least Squares Moving Regression aka Weighted Least Squares Moving Average -> WLSMA ^^ called it this way just to for... damn, forgot the word Totally pwns LSMA for some purposes here's why (just look up): - 'realistically' the same smoothness; - less lag; - less overshoot; - more or less same computationally intensive. "Pretty...