Bjorgum TSI-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator.
-Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line.
-This can help anticipate a cross, or significant points in the trend. TSI signal line changes color when rising or falling which can help to identify larger prevailing trends.
-Generally, a rising signal line can be an overall bullish move, while falling more bearish regardless of crosses.
*Resolution function enables multiple overlay for "Multi-timeframe analysis"*
Smoothed
Trend Quality cross [LM]Hi Guys,
I would like to introduce you Trend quality cross indicator. The idea orginallybcomes from @kruskakli and his indicator "Trend Quality" so shout-out to him
I have modified the indicator to display just binary option buy/sell and display diff percentage from previous cross. Also there is a difference that I have double smoothed tq indicator results to give less false signals.
and also added for the same reason like in my other indicator vpci ma cross base line and conversion line from ichimoku.
Any suggestions are welcomed
Smoothed CandlesHello Traders,
This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily.
There are three scaling methods: User Defined, Dynamic (ATR) and Percentage
Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages
Optionally you can hide the Wicks, example:
You can add moving averages:
Easily find breakouts:
Enjoy!
Smoothed RSI by Mehmet Yildizli - SORSI assume that most of you already know Relative Strength Index indicator. It gives us the following signals in general, when we see the following conditions occur. If RSI crosses;
1. 30 above, it means BUY signal.
2. 50 above, it means WAIT signal.
3. 70 above, it means WAIT and be careful for SELL signal.
4. 70 below, it means SELL signal.
5. 50 below, it means WAIT signal.
6. 30 below, it means WAIT and be careful for BUY signal.
On the other hand, RSI sometimes crosses those reference levels very often in the opposite direction. This is a very big problem, in fact. It may cause you lose money.
That'is it!. This indicator (Smoothed Relative Strength Index by Mehmet Yildizli - SORS) is a new version of Relative strength index that moves smoothedly. Therefore, it doesnt cross those reference levels listed above, very oftenly in the opposite directions.
There two lines of this indicator. First is RSI line. You can change the parameters of RSI on the settings window of the indicator. The interpretation of the indicator is the same with the classic RSI indicator, as represented above.
Other line is the signal line. This signal line is calculated of RSI line according to the DEMA(Double Exponential Moving Average) approach.
You can change the parameter of signal line on the settings window.
Hope you will like and benefit!
Profit Accumulator %BB%Bollinger Band Width
This is a support indicator to the Main Indicator which has also been published.
This indicator uses the close of a candle and compares where it is in relation to the upper and lower levels of a Bollinger Band. This is a centred oscillator where anything below the zero line is indicating a short signal and anything above zero is indicating a long signal. The crossing of the zero line is an important point for this indicator.
Whilst an actual alert function is not set for the indicator, the TradingView alert function can be used to trigger a message when the line crosses zero (up or down).
I've been using this successfully on the one hour FX charts, but seems to work equally as well on higher or lower time frames (not less than 15min).
The other indicators which are part of the suite are shown on the website which is highlighted in my signature at the bottom of the page. Purchase of the main indicator gives access to the full suite of eight indicators. I use the other indicators to confirm the direction of the trade and to determine if I want to trade or not. I use it along with the 2min, 15min and 4hr timeframes to identify the best entry window and how long I'm likely to be in the trade.
Support can be provided via private message or in the comments below.
The links are provided below for access to the indicator.
DMA AND SMMA This "on chart" indicator is used purely as a visual sentiment to directional momentum of the pair you are looking at.
it is split into two parts, both of which i will explain below.
1, The SMA (purple and blue fading visual mas) this is used to find the directional momentum
2, the DMA (a slightly delayed Moving Average), is used to decide if the market is in a bullish or bearish move, hence determining whether or not to go long or short.
-only go long when price above DMA, and short, below.
i have found it very good at calling out bad trades, when the direction changes quickly.
same as all my other indicators this is fully adjustable in the settings.
i find, with the standard settings, it works best on the 2 hour timeframe as shown, but again, can be used on any time frame.
For access, send me a DM on TradingView
|AG| Heiken Ashi Scanner|AG| Heiken Ashi Scanner
Heiken Ashi shares some characteristics with standard candlestick charts but differs
based on the values used to create each candle.
Instead of using the open, high, low, and close like standard candlestick charts,
the Heikin-Ashi technique uses a modified formula based on two-period averages.
This gives the chart a smoother appearance, making it easier to spots trends and reversals,
but also obscures gaps and some price data.
Heikin Ashi in my perspective is one of the best trend detectors in long term scenarios.
The use of Heiken Ashi Smoothed could be determined by the use of a moving average.
The use of Smoothed with Simple, Exponential, and Hull Moving Average are included in this script.
Script Explanation:
This Script is going to plot us different Heikin Ashi when they are up ( Bullish ) is going to be colored.
7 different Time-Frames are going to be taken into account.
Also is possible to modify the Length Setting and the MA calculation.
Setting Options:
↪Scanner TIME:
↪This Script (Scanner) is going to show us different Heiken Ashi Time-Frames
↪7 in total.
↪Higher Time-Frames
60 - 120 - 240 - 480 - 1D - 3D -1W
↪Lower Time-Frames
1 - 5- 15 -30 -60 - 120 -240
↪Smoothed?:
↪Select Turn On/Turn Off
↪Is going to select or deselect Smoothed Heiken A. or change in base our configuration.
↪Select Type:
↪This option let us select between:
↪ Exponential and Hull Moving Average.
↪Length Options
↪Length 1
↪Length 2
↪ In EMA and SMA I prefer 1:3 and 1:5
↪And In Hull MA. I prefer 10:1
↪Design Settings
↪Color Options
↪ U can select different color options.
↪ My Favorites are Orange, Aqua, and Purple.
↪Transparency
↪Set Transparency 0 is 100% visible and 100 is invisible.
↪LineWidth (defval= 5)
↪Set the thickness
↪Show Information Panel
↪ We are going to have a little informative panel in the right so we could
have a quick look at the trend.
↪Panel Position Offset (defval= 33)
Examples Of Color Options:
Examples Of Configurations:
Multi Smoothed Moving AverageAn indicator that shows multiple Smoothed Moving Averages, with buy/sell signals on the second and third moving averages crosses
SMMA 5-13 crossCrossing the Smoothed Moving Averages with settings 5 & 13 give you confident signal for selling or buying.
IMPORTANT: Signal is always late.
SELL : Short SMMA (5) cross the Long SMMA (13) from top
BUY : Short SMMA (5) cross the Long SMMA (13) from down
Balance BuilderBalance Builder is the culmination of everything I've learned over the last few years and will be my exclusive FOREX and crypto trading indicator going forward. I will be developing and updating it on a regular basis.
The unique signals it generates do not repaint, nor do they lag. What you are seeing is real-time and will not change once the current candle closes.
This technology analyses trend strength, momentum and the outcome of previous candles to determine the best time to accurately go long or short.
Use the labels to influence your own manual trading decisions or enable the built in alerts to hook in to your trading bot of choice and automatically trade around the clock.
The system can be applied to any instrument but the defaults are tuned for trading Bitcoin on the 4 hour chart. Higher time frames such as this are recommended to increase the win-rate but the parameters can easily be tweaked to cater for shorter term trading.
Important: I personally use Heikin Ashi candles with this script to further filter entries. An option is available within the script settings to toggle this on/off should you wish to do the same.
This is a premium script. Please DM me for access.
Normalized Smoothed MACDMACD normalized with its highest and lowest values over the last “Normalization period”
- includes alerts
MTF Smoothed Moving Averages x4A set of smoothed moving averages that stay at a fixed timeframe, regardless of the timeframe of the chart but don't have nasty jaggedy lines. Instead, they are smooooooooooooth...
Volume Effectiveness [BigBitsIO]This Volume Effectiveness indicator is designed to allow users to try and identify how effective volume is on each candle, and smoothing those values over time to try to find trends.
Volume Effectiveness is the % change in price for each single unit of volume on the associated candle. The value can be positive or negative, but there is an option to just monitor an absolute value.
Features:
- Volume Effectiveness
- Toggle if Volume Effectiveness should be an absolute value
- Toggle visibility of bars
- Smoothed moving average of Volume Effectiveness
- Adjustable period on the smoothed moving average
- Several moving average types available to use for the smoothed moving average
- Toggle visibility of smoothed moving average
Bitcoin Difficulty RibbonThe Diffiulty Ribbon speaks to the impact of miner selling pressure on Bitcoin`s price action. When network difficulty reduces its rate of climb, miners are going out of business, leaving only the strong miners who proportionally need to sell less of their coins to remain operational, this leads to less sell pressure and more room for bullish price action. The best times to buy Bitcoin are zones where the ribbon compresses. The ribbon consists of simple moving averages of Bitcoin network difficulty so the rate of change of difficulty can be easily seen.
The author of this indicator is Willy Woo (@woonomic).
Buying and Selling Smoothed with HistogramBuying and Selling Smoothed with Histogram
Smoothed version with version with a red line representing the selling pressure and a green line which represents the Buying pressure.
If the green line is above the red line it would mean that the Buying pressure is more and vice versa.
The difference between the two is plotted as a Histogram. This is a cumulative value of the buying and selling pressure and provides a easy visual presentation of the dominating pressure.
Smoothed RSIThis smoothed RSI indicator is designed to allow users to try and identify periods of extended time in oversold and overbought areas using a smoothed RSI value.
Features:
- RSI
- Period
- Source
- Resolution
- Visibility
- Smoothed RSI
- Period
- Moving Average Type
- Visibility
Modiied Elder Ray Index(Bull or Bear)Here's a modified version of the Elder Ray Index created by the famed Dr.Alexander Elder. This indicator has proven to be especially helpful lately given the crazy state of crypto.
Slow Moving Average :
The top chart shows the moving average used to filter trends. I recommend using a higher window length(can be adjusted with the 'lenSlowMA' input option). I wanted this to be a very smooth moving average, so I used the following formula:
slow MA = ema(vwma(close, 64), 64)
This resulted in a pretty smooth line that still detects major price movements very well.
-The background and bar colors both change in response to the Slow MA's value. The background and bars change to green when a bullish trend is detected and red when bearish.
Bear and Bull Power :
To balance things out a little, I included two histogram's based on Elder's Ray. Here, a more responsive EMA with a shorter window length is used to calculate the bull and bear power values and track short-term price fluctuations.
NOTE: The length of the EMA used here can be adjusted in the input menu.
Bull Power = current high - EMA(close, 13)
Bear Power = current low - EMA(close, 13)
Smoothed RWI(Random Walk Index)Smoothed Random Walk Index.
It gives slightly slower but less false signal than stochastic.
If it draws double bottom with higher low, long entry is considered.
If it draws double with lower high, short entry is considered.
For more accuracy, another smoothed RWI with slower setting is needed.
If fast setting RWI draws lower high AND slower setting RWI is also going down(red color),
short entry is considered with more confidence.
1LC-LSMA (1 line code lsma with 3 functions)Even Shorter Estimation
I know that i'am insistent with the lsma but i really like it and i'm happy to deconstruct it like a mad pinescript user. But if you have an idea about some kind of indicator then dont hesitate to contact me, i would be happy to help you if its feasible.
My motivation for such indicator was to use back the correlation function (that i had putted aside in the ligh-lsma code) and provide a shorter code than the estimation using the line rescaling method (see : Approximating A Least Square Moving Average In Pine) .
The Method
Fairly simple, lets name y our estimation, we calculate it as follow:
y = x̄ + r*o*1.7
where x̄ is the price moving average, r the correlation between the price and a line (or n) and o the standard deviation. If plotted against a classic lsma the difference would be meaningless at first glance so lets plot the absolute value between the difference of the lsma and our estimation of both period 100.
The difference is under 0.0000 on eurusd, its really low.
In general the longer the period of the estimation, the lower the difference between a normal lsma, but when using shorter period they can differ a little bit.
Why 1.7 ?
We need to multiply the standard deviation by a constant in order to match the overshoot and the rise-time of the original lsma. The constant 1.7 is one that work well but actually this constant should be dependant of the length period of the filter to make the estimation more accurate.
More About Step-Response
Most of the time when a filter have less lag, it mean that he induce overshoot in order to decrease the rise-time . Rise-time is the time the output take to match the target input, its related to the lag. Overshoot mean that the output exceed the target input, you can clearly see those concept in the image above.
Conclusion
I've showed that its possible to be even more concise about the code it take to estimate an lsma. I've also briefly explained the concept of rise-time and overshoot, concepts really important to signal processing and particularly in filter design. I'm sure that it can be even more simplified and i have some ideas for such estimate.
Thanks for reading !
