The 6 Line Death PunchIf you are looking to discover what trend you are in, you need to first what direction the price is going in...
I've been using and testing a mixture of EMA's and SMA's for a long time and I've found that these ones are by far the best.
EMA 3
EMA 8
MA 20
EMA 55
MA 100
MA 200
EMA 3 & 8 Crossover is a good method for confirming a coin going to the upside or to the downside.
EMA 8 is known as the Trigger Line (trademarked brand) as one of the fib numbers it shows good support or resistance of a trend.
MA 20 universal way of seeing trend direction in the stock market, works well with crypto too.
EMA 55, another trusty fib number. Works very well and could trade off that alone as support and resistance.
MA 100 and MA 200. Long ranged moving averages which govern the overall longer-term trend.
LONG ENTRY
Option 1 - 3/8 crossover
Option 2 - Candles above EMA 8
Option 3 - Candles above MA 20
Option 4 - Candles Above EMA 55.
SHORT ENTRY
Option 1 - 3/8 crossover
Option 2 - Candles below EMA 8
Option 3 - Candles below MA 20
Option 4 - Candles below EMA 55.
Crossover
10/5 Weekly/Daily EMAs with ConfirmationsPlots Daily and Weekly 10 & 5 EMAs (but fully customizable to your own).
In addition to plotting the EMAs it color coordinates trend bias and has cross confirmation signals.
Philosophy and how to read:
I use this indicator when trading strictly on the daily timeframe. I have not tested it on other timeframes.
In my trade system I start with both the monthly and weekly charts to define overall bias.
Here’s the general rule of thumb.
10 EMA is direction (bias) and 5 EMA is price.
If 5EMA is below 10EMA there is a bear bias. If 5EMA is above 10EMA there is a bull bias.
This indicator will plot both the daily and weekly 10 & 5 EMAs.
It will also color code the background based on how these EMAs relate to each other.
Light red typically is just the daily is confirmed bear (typically because it could be either or)
Dark red, both daily and weekly in confirmed bear.
Light green, typically just daily is confirmed bull (typically because it could be either or)
Dark green, both daily and weekly in confirmed bull.
In addition to background highlight there is confirmation crosses.
The daily confirmation cross is default yellow triangle.
Down triangle is 5 crossing the 10 downward.
Up triangle is the 5 crossing the 10 upward.
The weekly confirmation is the same only is aqua color.
Generally, on a color change you want to see one or both confirmation in the direction of the bias change.
If you only want to plot the daily bias in the options unclick the setting: Include Weekly Background Plotting. Unclicking this will remove the background coloring for the weekly bias. This might be helpful if you only want to see the strength of what the weekly timeframe is telling you.
Also, I’m primarily a trend trader but I also do have a reversal system I trade with lower R:R parameters.
A good reversal confirmation signal I’ve noticed is the instrument that you are trading should go through a cycle of light color to dark color.
You could also create alerts with this indicator based on just signals. When the signal fires the value will be 1.
Future Updates:
I want to find some way to correlate the distance between these EMAs to enhance the signal. Also to include a velocity component. Plus a few more things.
If you like this indicator please like and leave a comment down below.
Decent Martingale Strategy [Pinescript v3]In my experimentation to add some sort of hedging to trades, I stumbled on the Martingale roulette betting strategy.
If it works in the casino, why not here?
The principle is simple:
If you lose a trade, immediately go the opposite direction and double your bet.
In this case, we're just applying a multiplier.
The strategy is a simple EMA crossover - defaulted to my favorite periods 8 and 62.
Enjoy :) I'll make a new one that's contained in a function, so you can simply implement it in your own strategy and have it monitor winning/losing trades automatically.
Cheers,
DasanC
CryptoMatt GainMaker for ChartBulls StudentsThis script is intended for the ChartBulls Trading Students. The code is now open, so you can customize however you like. Cheers
Bitazu MA 5,10Displays 5,10 MAs on a single indicator.
Useful for Crypto trading and reduced the number of indicators needed to view multiple EMAs
When shorter MA crosses over the longer it's a good sign of Bullish/Bearish reversal.
This sentiment is more true at longer timeframes, such as daily candles, as the trend has more momentum.
Bitazu MA 10,20Displays 10, 20 MAs on a single indicator.
Useful for Crypto trading and reduced the number of indicators needed to view multiple MAs
When shorter MA crosses over the longer it's a good sign of Bullish/Bearish reversal.
This sentiment is more true at longer timeframes, such as daily candles, as the trend has more momentum.
Repulsion Moving Average - Least Crosses MAA Moving Average With Less Whipsaws Signals
The cross of the price with a moving average is one of the easiest strategy in technical analysis and could have worked if market price wasn't so noisy (In general periods of 1 to 20 produces the most whipsaws) . So it is possible to create a moving average who can manage to escape those noisy periods and produce 0 whipsaws ?
This question was asked by one of my work colleagues and i responded : "well... almost 0".
The Motion Of A Moving Average
Moving Average estimate the Trend and will always have phase shift, they will still follow the price and cross it during high volatility or low volatility periods, and when a moving average cross the price during a low volatility period you can expect lot of crosses.
In order to fix this behaviour a simple calculation exist :
FixMa = LongPeriodMA + MediumPeriodMA - ShortPeriodMA
We can see things in that way, the medium term MA is high pass filtered (subtracted) with a short term MA and the result is summed to a long term MA. We give more reactivity to our long term MA and thus creating some kind of repulsion motion with the price. Of course this can sometimes make the filter kinda zero-lag to some price periods (when the long term MA is near the price) .
Comparison
In red a simple moving average of period 100 and in blue our repulsion moving average :
In the image the short term moving average period is 100, since the long term period of the moving average is equal to short term x 3 you could be interested to look at the comparison of our moving average with the actual long term moving average :
Less crosses, i think you can see it.
Something to notice is that its always a tradeoff between Signal Speed and Signal Numbers , a classic moving average create faster signals but also a high numbers of them, a classic trailing stop create less signals but slowest ones, our moving average is some kind of average between those indicators.
Improvement Methods - Choice of The Filter/More Terms
A bad behaviour of our filter can be fixed by using filters who tend to create less crosses with the price or by developing the formula of our filter by adding more terms as follow :
fixma = ma(Price,a) + ma(Price,b) + ma(Price,c) - ma(Price,d) - ma(Price,e)
where a > b > c > d > e . The number of subtractive terms is equal to the number of summing terms - 1.
Way To Use
This indicator can be used like any moving average with cross strategy. Can also be used as a trailing stop.
No tests have been made proving that this indicator provide support and resistance levels, such signals come from more centered indicators.
Hope you enjoy
For any questions/demands feel free to pm me, i would be happy to help you :)
MA Crossover TypeDraws the up and down crossovers of a specified MA Type.
# Inputs
- MA Type: "sma", "ema", "swma", "vwma", "wma"
- Length >=1
- Source
- Offset >= 0
- Show cross Up?
- Show cross Down?
# Open Source
The code is open source @ github.com and uses the commonpine library github.com
13/21 EMA + Ichimoku Kinko Hyo StrategyThis trading strategy uses combination of the Ichimoku Kinko Hyo system with Fibonacci numbers based 13/21 exponential moving average ( EMA ) crossover, giving excellent results in trending assets !
EMA + Ichimoku Kinko Hyo StrategyThis trading strategy uses combination of the Ichimoku Kinko Hyo system with Fibonacci numbers based exponential moving average(EMA) and RSI 12/24 crossover, giving excellent results in trending stocks !
2 Moving Average Cross SignalsThis indicator is meant to aid those who use Moving Average crosses as part of their trading strategy. This can be used to help identify turning points in trends.
You can customize what timeframe the MAs are derived from (e.g. can use current timeframe, or can hold it to 1d timeframe across all other timeframes)
When the fast and slow MAs cross each other, the background of the candle where the cross happened will be highlighted green or red (changeable), this will help visualize where the crosses are happening, regardless of whether or not you actually want the moving average lines printed on the charts. This could help keep the chart less cluttered.
Finally, you can choose between SMAs, EMAs, WMAs, and Linear MAs.
Enjoy
Help Requested - "Time-Slot" Delay for Crossover StrategyHello Tradingview Community,
I've been playing around with some various volume-based indicators, and recently have been experiencing a delay in the entries for my strategy for 2 minutes in this scenario. If the time is adjusted, it also is delayed 2 bars.
In this example, the "Short" position should enter when the blue line Crosses under the upper green line, and visa vera for the "Long" position. A simplified Pine Script is available below as well.
I have Googled this issue and attempted to modify the code with => criteria instead, but too no avail. Would appreciate any help or anyone who could point me in the right direction on this Time Delay Issue. Thanks!
Klinger Volume OscillatorThis indicator was originally developed by Stephen J. Klinger (Stocks & Commodities, V.15:12 (December, 1997): "Identifying Trends with Volume Analysis").
NOTE : this is the only correct version of Klinger Volume Oscillator in the public library.
Like and follow for more open source indicators!
Happy Trading!
EMA TEMA crossoverHello,
as usual recently the chart is bugged if I dare post a log one so I deleted and reposted...
here is a simple ema/team script that could allow you to catch trends.
You can play with parameters to get alerted of strong trends, or to detect trends early on.
I want to adapt this to an inside bar strategy, I am going to release that in a while, it is not my priority thought I am a countertrend trader, so I cannot say why, but what I have seen is inside bar breaks in very strong trends work very well.
There is a condition for this inidcator to work: you have to use it on a Heikin Ashi chart (the candle type, selectable in the area right of the timeframe).
Works sometimes. I advice backtesting any strategy before using. Idk maybe this could work decently, seems to have given big winners on bch recently. That huge one from 600 to 1800 lol. *3
* No one should pay for things this simple by the way...
Hermes Scalping Study by ZekisA simple scalping indicator, based on Highs and Lows.
It's working in any timeframe, the only condition is ... volatility .
Values are already set, but you can change them according to your preferences and to your chart.
Alerts are enabled.
Enjoy!
@ Zekis
Moving Average Shaded Fill Area Crossover EMA Color - EditableMoving Average Shaded Fill Area Crossover EMA Color with option to change EMA value
Volume + Ema CrossoverIf Volume crossover its ema, we can consider it as a volume pump.
It may be useful for combining with other indicators.
SimpleMA smoothed crossover strategyExperimental simple Bot script for ETH/USD 1 hour chart. welcome to test on other pairs. put feedback in comments.
This is a crossbreed between SMA and HULLMA
EMA21/55 Crossover AlertThis will alert on EMA crossovers. Alert for 21 crossover and crossunder. Work in progress.