Hello Traders, I want to share this modified experimental script I´m testing for 1 minute charts... It´s completely based on Sirof´s ANN (Artificial Neural Networks script, Murari´s modification), all the credits are for them (I just tested and switched minor modifications to the code for scalping and alert functions since I have not studied and comprehend the ANN...
This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences.
I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences.
3 EMAs will help identify and predict uptrends and downtrends
-If EMAs are all above the candles it a sign to sell & if the EMAs are below its a sign to buy
- If the Green-8 EMA crosses or touches red candle then flips under the other EMAs & candles then it's time to sell
-If the Green-8 EMA crosses or touches green candle then flips above the other EMAs &...
This panel spots divergences of some well knonw indicators. It may be usefull because you have all indicators in one panel only.
Also, you can check on chart which indicator gives better results of each pair on stock or index or crypto.
TO DO: to add custom indicators.
thanks to: RicardoSantos for his script of panel coding
This script looks for a set up condition where 5 consecutive candles have broken away from the fast EMA (set to 8 by default) followed by a "trigger" candle that crosses back over the fast EMA but not the medium EMA (set to 13 by default). It then determines the entry point based on the bar high or low (not tail or wick) depending on direction of the trend. Once...
The Super PassBand Filter was created by John Ehlers (Stocks & Commodities V. 34:07 (10–13)) and this is a pretty useful indicator to let you know how volatile the market is right now. This is useful for scalpers because this lets you avoid the choppy markets (usually when the rms is 1.50 or less but feel free to choose your own level) and gives you good entry and...
Today I bring an indicator specialized in crypto markets.
Its made of multiples EMA : very fast, fast, normal, slow, very slow
The logic behind its simple :
For long : we check that the EMA are in ascending order like EMA 5 > EMA 10 > EMA 20 .... and at the same time that last close of candle is above all of them.
For short : we check that the EMA are in...
This is another script for RSI (Relative Strength Indicator) for Multiple timeframes. It is built for scalping.
Add it to your 15 Min chart - This is important! The other time resolutions are 1H, 2H and 4H.
It is highly flexible, except for the current resolution, the other ones can be changed.
The lookback periods for all timeframes are set to 14 - but can...
It is a trend detector indicator, using 3 moving averages.
You can select different MA's and set the periods of them. If all 3 is increasing, the color will be green, if decreasing, the color will be red, gray otherwise.
It can be used for e.g. scalping.
I translated a scalping system by Navin Prithyani into pine and want to share it with you.
Navin has a lot of resources for the system online including an extensive +60m video explaining the ins and outs.
Including links is against the house rules, so you'll have to DYOR.
Quick Criteria Overview:
- Can see through EMAs
- Entry above the signal candle
This is the NYSE Advancers - decliners which the SPX pretty much follows. You can chart it like any index (ADD -NYSE $ADV MINUS $DECL) but I find it more useful in a separate panel with colors for direction.
The level gives an idea of days move (example: plus or minus 500 is not much movement through the session) but I follow the direction as when more stocks...
The strategy consist in every time that price failed to break any of the EMAs, we need to wait for the right price action and make a buy or sell when it bounce from it to keep surfing on the trend (using the stochastic oscillator and the 5-13 EMAs cross as an additional confirmation).
When do we start looking for a change on the trend? When it repeats the blue...