This indicator is a highly customizable moving average ribbon with some unique features. This script can utilize multiple unique sources, including a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the MA ribbon....
'MA Band Distance Monitor' indicator is a simple tool for traders who rely on moving averages to make trading decisions. This indicator plots two moving averages of your choice (you can select the type of the moving average), and fills the space between them, creating a "band". The indicator also generates a table that displays the current price distance from both...
Wunder Volatility bot We have used the Average True Range (ATR) in many of its trading versions. 1. ATR with MA. This indicator includes the ATR as well as the simple moving average, which helps to restore the expected market. 2. We apply percentage based ATR to determine how volatile the market is and whether to buy or sell at that time. For trading, we will...
Introduction Heyo, in this indicator I decided to add VHF adaptivness, linear regression and smoothing to a KAMA in order to squeeze all out of it. KAMA: Developed by Perry Kaufman, Kaufman's Adaptive Moving Average (KAMA) is a moving average designed to account for market noise or volatility. KAMA will closely follow prices when the price swings are relatively...
Please watch the J8 Scalping Tutorial Video below for a walkthrough on how these indicators work. This script is used in conjunction with Jerry J8 30-123 SPY Scalping PRO” Indicator(which creates the buy and sell orders as a strategy). The Dashboard shows the 4 main criteria statuses from the strategy. I find the dashboard makes scalping the SPY much...
Please watch the J8 Scalping Tutorial Video below for a walkthrough on how these indicators work. ---- STRATEGY This study project is designed for scalping options that expire daily with bull put and bear call credit spreads on a 3 minute chart. The name 30_123 is a reference to 4 main criteria being met to give a green light for a potential trade. The 4...
Larry Williams used this system to win the trading championship Hello friends, I bring a script with a trading strategy to be used in futures such as Index, Forex and Commodities. Developed by famous trader Larry Williams. In them we use two 3-period Simple Moving Averages (Arithmetic) (one with the high price, the other with the low price), and a 21-period...
Its been a while since i last uploaded a script, what i have for you today is a script which works very efficiently for downtrends and spotting reversals. This is a script i use on a weekly basis when looking to short sell. This script includes : Updated** Rally Candles for HTF and LTF ( End of Impulsive move signal) - The psychology of the candle when used with...
Look at the chart bars as they relate to distance from a specified moving average. You can pick from SMA/EMA/etc.
The Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator. The indicator uses the formula for the first twelve Fibonacci numbers on highs and...
This indicator helps avoid chasing extended stocks by showing every time a stock is too far extended from a selected moving average. Features: ✔️ selectable moving average and source (high, low, close) ✔️ choose to plot or hide the moving average ✔️ selectable distance to be considered too extended
The Power Indicator is intended to return some exponential moving average, vwap, volume bar, and others. With this compilation, you will be able to use them as one indicator in Trading View. The components are: - EMA9 - Exponential Moving Average of 9 days - EMA21 - Exponential Moving Average of 21 days - EMA50 - Exponential Moving Average of 50 days - EMA200 -...
Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends" . I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a...
Library "Library_Smoothers" CorrectedMA(Src, Len) CorrectedMA The strengths of the corrected Average (CA) is that the current value of the time series must exceed a the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals when the trend is in a weak phase. Parameters: Src Len Returns: The...
This is a Primo #4 with extra ADX condition to avoid range bound enviroments. 1. ADX must be above 20 2. Price above 50 SMA for long and below 50 SMA for short settings. 3. Short EMA above Middle EMA 4. Pullback and 80 % bounce from Middle EMA within 2 bars Risk/reward ratio and fund management is eseential, I recomend at least 3/1 and no more than 3 %. Arrows...
Markets tend to mean revert. This indicator plots a moving average from a higher time frame (type of MA and length selectable by the user). It then calculates standard deviations in two dimensions: - Standard deviation of move of price away from this moving average - Standard deviations of number of bars spent in this extended range The indicator plots a table...
Moving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about. MACD Basic concept ---------------------------- Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying...
Bender MA Cloud is a powerful indicator that uses two moving averages filtered by standard deviation to create a "cloud" on the chart. The upper and lower bounds of the cloud could be key levels of support and resistance, and the indicator plots lines on the chart that reflects the average price of the stock over a specified period of time. The standard deviation...