Range of a source displayed in thirdsThis indicator will take the value of any external source input and display how it has changed over time (the lookback period in settings). For the purposes of display here I'm using the WT1 line from Wavetrend with Crosses by LazyBear to provide a source input.
The highest and lowest value of the source over the lookback period are used to determine the highest and lowest point - the green and red lines at the top and bottom of the bands. This region is then mathematically split into three, such that the source (and its optional moving average line) can be defined as being in the top third, the middle or the bottom third.
Applications for this could be in risk management where you may wish to take on a larger position size when a certain indicator is in the top third, or decide that you want to enter / leave positions when the source crosses in / out of the extreme points.
Tìm kiếm tập lệnh với "WaveTrend"
Unified Composite Index [UCI] [KuraiBlu] [LazyBear]The purpose of this indicator is to combine the four basic types of indicators (Trend, Volatility, Momentum and Volume) to create a singular, composite index in order to provide a more holistic means of observing potential changes within the market, known as the Unified Composite Index . The indicators used in this index are as follows:
Trend - Trend Composite Index
Volatility - Bollinger Bands %b
Momentum - Relative Strength Index
Volume - Money Flow Index
The average price source can’t be altered as I’ve made it an average between ((open + close) / 2) and ((high + low) / 2).
The best way to use this is by observing several of the indicators at once in conjunction with the average, rather than simply using the average produced to determine the right moment to enter, or exit a trade by itself. I've found when one indicator goes way out of bounds relative to the other three (and subsequently, the average array), then it presents a good buying, or selling opportunity.
Some adjustments were made to several of the indicators in order to standardize them on a scale of 1-100 so that they could better accommodate the average array that was finally produced. Thanks to LazyBear for letting me strip down the WaveTrend Oscillator.
Bollinger but BetterA better Bollinger Band with an average of 20 EMAs as pivot price, which makes its standard deviation way more sensitive compared to traditional Bollinger Band.
-- My Tips --
Long flat convergence suggests a big potential price movement.
Short quick convergence of short supportive ema(default: 10days) and upper band suggests a safe middle entry point.
Recommended auxiliary indicator: Wavetrend by Lazybear, which points out entry and exit points quite accurately in bull market.
-- PS --
This system is a hybrid of EMA Ribbons and Bollinger Band.
MA ClustersBackground :
This study allows to define ranges for contraction and expansion of a defined set of MA to analyse the the momentum at those specific situations.
In general all functions used are very basic but allows the user to set alerts when a cluster of MA enters a defined range within or outside the MAX and MIN of a selected MA cluster. The predefined length of the EMAs were put together by HurstHorns within a trading learning discord group and are designed for 1M timeframe to read the momentum for scalping entries - Thanks again for sharing.
Functions :
currently the following MA are available:
- ema
- sma
- smma
- wma
- vwma
- vma
the variable moving average is based on the calculation from lazybear.
- RSI Stoch Filter
- Wavetrend OB/OS filter
Currently only alerts for contraction are enabled to not overload the study but in case expansion would be from interest this can be added quickly.
Outlook:
Additional filters were added to see if they can add value in. the decision making or by simply filtering out noise. This is still quite experimental. Please share any useful observation I should add as additional filter option to find good setups. in relation to contractions or expansions.
Next version will get Bollinger bands for 1 selectable MA from the list for additional study options.
In case you are interested in more options such as more MA types or vwap.. just let me know. for VMA I need to do more research to add useful function for laddering or things like that.
In general The script itself can be easily extended by additional functions. As this is one of my first scripts the code itself might not be optimal or there are more elegant ways to come to the same goal. However please use for study purposes only and report bugs or enhancement requests.
good luck and happy trading!
Too Many Cooks trend indicatorToo many Cooks in The Kitchen
You have probably heard the adage "Too many cooks spoils the broth" before. The meaning behind it is obviously that when to many people are trying to work on the same task at once it simply devolves into a fight for control and creates a mess of the situation. But is this true for indicators is the question I had and thus I made this indicator, a simple combination of 8 random trend finding indicators I assembled (A list of these indicators and their authors will be available at the bottom of this page) . Is it any good though ? In short yes, it is a decent trend finding indicator and could likely be used in your strategy in the place of your current trend finding indicator if you so wish. However much of the versatility of the individual indicators IS lost and would not be possible to get back in this big mess of a broth, so this indicator will not be the be all end all of trend indicators nor will it be a free money machine like you may be expecting looking at the list of included indicators so the adage was correct to a degree.
List of Authors and their included indicators
Trading View defaults:
MACD (Modified by me)
Stochastic RSI (Modified by me)
Lazy Bear:
Wavetrend Oscilator (Modified by me)
Traders Dynamic Index (Modified by me)
HACOLT (Modified by me)
Algokid
AK Trend
Racer8
Average Force
KivancOzbilgic
Average Sentiment Osclilator
Wave Trend OscillatorThis is a very standard version of the Wave Trend Oscillator.
The Channel and Average values are displayed as lines, most people display them as areas.
The Channel and Average difference is displayed as a histogram, most people display it as a tiny noisy area.
I was unable to find a standard version of the Wave Trend Oscillator.
The colorful hyped up versions of this indicator made me feel like a clown while using them.
I have essentially copied the style of the MACD with this indicator, to keep things professional.
With this WTO, you can change the timeframe and source.
You can also change the histogram average length and multiplier, making it usable.
The typical way that people display the histogram is completely unusable and just for appearance.
Now it does a decent job showing when the momentum of the WTO's downward movement is slowing down, just like how the MACD histogram works.
This indicator is essentially a normalized MACD, though they are calculated differently.
The Wave Trend Oscillator is useful for spotting/monitoring changed in mid-trend momentum.
In my experience, divergence in this indicator is a strong signal.
If the MACD is too slow for you, then this is a great alternative; without all the extra fluff people usually add to it.
Wave Trend w/ VWMA overlayThis is a trend-following strategy and indicator which combines the Wave Trend Strategy (Lazy Bear) by thomas.gigure with the cRSI + Waves Strategy with VWMA overlay by Dr_Roboto .
You may update the parameters of the Wave Trend oscillator or the VWMA indicator to match your own preferences. You may also adjust the Base Quantity used for determining trade size (as described below) to suit your account size and risk tolerance.
The strategy identifies potential signals based on the on the Wave Trend oscillator, originally ported to TradingView by LazyBear. When a signal is produced by the Wave Trend oscillator, trade size is determined by the VWMA.
When the VWMA is trending against the direction of the Wave Trend signal, Base Quantity x 1 is used
When the VWMA is trending neutral, Base Quantity x 2 is used
When the VWMA is trending with the direction of the Wave Trend signal, Base Quantity x 4 is used
The strategy includes the ability to limit trade signals to certain defined periods of time ("Sessions") during the trading day and, optionally, to close any open position at the end of either or both "Sessions." This may be enabled/disabled via the Limit Signals to Trading Sessions? option on the "Inputs" tab of the strategy's "Settings" window.
If you are trading on a daily chart (or longer) you must disable the Limit Signals to Trading Sessions? in order for the strategy to produce signals.
MarketVision BWith Special Thanks to Everyone who has gone before me, and who have both allowed me given me permission to bring my version of Market Cipher to the World
Especially LazyBear for his amazing Wave Trend Oscillator and for Aevir, falconCoin, vumanchu, Crypto_Spike and others who have freely brought MarketCipher to the Tradingview Community
Also special mention to RicardoSantos for his Divergence script
MarketVision B - My take on MarketCipher B / Market Cipher B, Ive just put outlines on the Wave Trend to add to the Visual Appeal and Added a Trend Meter and a few more options for the Oscillators
Nice To Look At
Oscillator 1 Choose Between - RSI, MFI and Ultimate Oscillator
For Stochastics Choose Between Standard and RSI Stochastics and for the source you can choose On Balance Volume
Wave Trend
Money Flow
Trend Meter & Signals Bar
Divergences are marked, However they are easy to spot and it is better to train your eyes to spot them before the indicator marks them out
Lots of Alerts and Loads of ways to trade using MarketVision
PS: You can make this look like the original by adjusting the parameters in the menu
Simple Wave Trend Wave Trend Oscillator with minimal functionality.
- Change color by crossing
- Overboughtr and Oversold band
- Zero line
True Momentum Oscillator"TMO calculates momentum using the delta of price. Giving a much better picture of trend, trend reversals and divergence than momentum oscillators using price". This is comparable to the WaveTrend Oscillator, gives more or less better or worse signals depending on the time frame and markets. This is a free and open source indicator found in many platforms, now ported to TV.
This indicator uses the closing and opening of the price in a way that reminds me of the Qstick indicator but it seems different. It's an oscillator with overbought and oversold zones and crossovers for entry and exits. I included the option of changing the moving averages from the standard exponential types used in its 3 functions to calculate the main and signal lines just in case the settings need to be changed further or if anyone wants to experiment to find better settings on top of just changing the lengths for each length type. I added dots for when the Main line crosses the Signal line. The Main line is darkened in case anyone needs to see it better.
Buy/Sell IndicatorBased on logic from many top contributors here, the script utilizes LazyBear's WaveTrend Oscillator Indicator along with custom code to plot a few key components for daily trading;
Boundaries for entry and exit points which are based on a 6-day trend in OPEN/HIGH and OPEN/LOW prices.
Daily HIGH and LOW points to establish a good view of stock's movements
Entry and exit points with confidence levels. These can be treated as entry points for short to medium term investments
Entry points come in the colours of White and Lime, where white is slightly confident and lime is extremely confident
Exit points come in the colours of Maroon, and Red, where maroon is slightly confident and red is extremely confident
Each Entry and Exit point also comes without text, or with a M or H above it, where M indicates medium confidence on the point and an O indicates overconfidence.
Use Case:
The best possible use case is to enter a trade on a LIME point with O text, this means that is an overconfident entry point.
The trade should be exited on a RED point with O text, this means that is an overconfident exit point.
But you can do with the indicators as you please.
In addition to LazyBear's code, the following existing models and indicators are taken into account:
RSI of closing price over a period of 25
EMA of RSI
MTF Wave Trend & Money Flow - Monitoring PanelAnother indicator based on the famous "Wave Trend Oscillator" by LazyBear.
Monitoring panel showing the Wave Trend as color for 6 different timeframes. Additionaly the Money Flow (positive or negative) is indicated as green or red dots.
I find it helpful that with one glance the current Wave Trend and Money Flow on many timeframes is visible.
(Timeframes can be changed, but the description labels are currently hardcoded - if you want to change it, just copy the script and change them)
Meanings of the Colors:
WT above Zero and rising : Dark Green
WT above Zero and declining : Light Green
WT below Zero and declining : Dark Red
WT below Zero and rising : Light Red
Money flow positive : Green dot
Monet flow negative : Red dot
(Currently there are two additional timeframes commented in the code - if you want to use them, just copy the script and uncomment them)
Have fun and as always I am open for constructive feedback.
Cheers!
MTF Wave Trend CrossThis indicator is based on the famous "Wave Trend Oscillator" by LazyBear.
I have noticed that the Wave Trend Crosses (not the waves themselves) give a pretty good indication on the current status of the market (above Zero = bullish / below Zero = bearish ).
This new indicator is a Multi TF Version of this where it is possible to define 4 fixed Higher Time Frames and 4 fixed Lower Time Frames.
The results are then plotted above (higher TF) and below (lower TF) of the result of the current TF. (Offset can be flexibly changed in the settings)
This allows to judge the trend based on the various TFs.
Basically the greener it looks, the more bullish the situation is at the moment. More red color indicates a more bearish situation.
Enjoy.
Squeeze Momentum Indicator [LazyBear] vHMAThis is a remake of the famous LazyBear Indicator, the Squeeze Momentum Indicator.
All i did was take out the SMA's and replace them with HMA's. HMA is a more responsive moving average.
Hull Moving Average.
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".
Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram.
More info:
- Book: Mastering The Trade by John F Carter
Here is the original version:
Trading Public School ST1This is a derivative of Trading Public School "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".
Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. 100% Profit & loss 10% Only
Zenith TraderWarning, all trading involves risk. Be sure to do your own research before placing in a trade and do not realize solely on this indicator.
Zenith Trader is made up of 3 parts
RSI , WaveTrend by LazyBear, & GMMA Oscillator by JustUncleL
It uses crosses of the 0 and/or 50 line on all indicators as a buy/sell indication
You can change which indicator is showing on the main screen in the settings.
You can all change the time frame when the alerts will pop up in order to customize your own time for alerts to go off.
Multi MA Ribbon +Draws an MA Ribbon that highlights major MA's and for easier visibility separates them into different groups including Custom MA's, Baseline MA's, T Line MA's, Short Term MA's and Long Term MA's.
Choose between 11 different types of MA's thanks to JustUncleL and John F. Ehlers super smoother.
The + is for various signals and alerts derived from Market Cipher / Wave Trend indicators and TCG etc.
Happy Trading and remember just follow the flow of the river!
MIN_escgo_wt_cross_showstochehlers stochastic CG oscillator
wavetrend with crosses
slow stochastic
3가지 통합지표입니다.
원지않는 지표는 끌수있습니다.
BitGin 3 Scalping Method AlertCombined 3 indicators
WaveTrend with Crosses
Ehlers Stochastic CG Oscillator
Slow Stochastic
Minimal Godmode 2.0Second iteration of Minimal Godmode with in-line TTM Squeeze linked to godmode channel length, TTSI from godmode 4.0.0, and new LRSI + CBCI calculations for godmode engine.
Note: Like the original godmode, this indicator is designed specifically for use in trading BTC/XBT pairs.
Noro's SILA v1.6LIn 1.6:
1) WaveTrend Oscilator (LazyBear's code)
2) Locomotive-pattern
3) A new distance for SILA lines
Noro's SILA v1.6L - the original and new system of finding of a trend.
SILA is not one trend indicator, but 8 different trend indicators in one. Therefore high precision.
For:
- any pair
- any timeframe >= H1
Fractal Quad Components8 Fractal Resonance Component indicators on a chart eats up LOTS of vertical space, so we're providing this Fractal Quad Components script to group 4 components a bit more compactly (eliminating the margin whitespace between indicator rows).
To view 8 components you'll need to add a second instance of this script to your chart and set its Base Timescale Multiplier to 16. Then grab the dividers to stretch both instances to a good viewing height.
One disadvantage of this grouping method is that to read off the x2, x4, and x8 lead and lag line values, you'll need to mentally add 200, 400 or 600 respectively.
We also replaced the "Extreme" > +-100% black crosses (+) with more subtle purple circle outlines. These extreme crosses are often (but not always) too early to be a major reversal so it's best not to overemphasize them.
Significant crosses (> +-75%) are still highlighted with black circle outlines, and are the most likely to be major reversals for buy/sell.
Note how the 30-minute oscillator (2nd row) showed the cleanest (black-outlined) reversals on the S&P for the last week of 2016, with just a bit more profit-eating lag than the 15-minute oscillator above.
