This strategy utilizes two pairs of different Moving Averages, two Volume-Weighted Moving Averages (VWMA) and two Simple Moving Averages (SMA). There is a FAST and SLOW version of each VWMA and SMA. The concept behind this strategy is that volume is not taken into account when calculating a Simple Moving Average. Simple Moving Averages are often used to...
This indicator can be used as a tool to measure the strength of the current trend. It is also trying to achieve to alert traders on when a trend can shift. In order to achieve this, it uses three simple indicators: 1: 9 Simple moving average 2: 50 Simple moving average 3: Rsi (14) The moving averages are used to define the current trend of the market, and the...
ENG: The "aurora borealis" indicator has 2 operating modes. To enable it, go to the settings in the arguments section and check the boxes. 1) In the upper part of settings page you may turn on colored of classic candles by heiken ashi candles color. All high low open and close of candles will stay classic. Only color will change. Also you may find there, a moving...
The Ghost Ninja Moving Average indicator contains three ema averages. These are ema 21, ema 55 and ema 233. The values of the averages appearing on the screen are adjusted according to their own lengths. If you want, you can change the settings from the "Numbers of bars back" setting. The 1st moving average (EMA-21) will follow the price and will disappear if the...
I'm a Momentum Trader, following the Indian markets, Mark Minervini and William O'Neil follower. User Settings Inputs tab EMA option for Table - It compares the current price of the symbol to its key EMA's and calculates the rate of return to make it easier to track the performance of the symbol. It Helps you to identify how far the price is from its...
Trend Slope Meter This indicator measures the slope of the trend defined by a moving average or an external source. The slope is calculated by the change of price in ticks for a defined number of bars divided by the number of bars. Settings Source - Default: close price. Used to calculate the moving average as basis for slope measurement. Can be an...
Core to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this: (source - source /source ) * 100 This indicator has 4 values in the status line: ...
this indicator serves to differentiate the classic type Line and source of Alligator There are the classic inputs for the 3 lines ( Jaw , Teeth and Lips ) in addition to the choice of the normal source and the type of line, the choices are: SMA = Simple moving average EMA = Exponential moving average WMA = Weighted moving average RMA = ...
Description: ALMA with background highlighting, source selection and entry/sell signals depending on price positioning relatively to the ALMA. There are two options: use price at close, or both open and close. When Open & Close is used, both open and close need to be above or below ALMA to highlight, the signal is less noisy but can be more laggy. This is a...
This indicator uses momentum, emas, macd trend, probability to find the best entry for both long and short positions. L = Long When the low goes below the green line (ema fast low), close is above open and momentum is up S = Short When the high goes above the red line (ema fast high), close is below open and momentum is down XS = Exit short at potential...
These bands consist of 4 ARLs (See: Adaptive Rebound Line ('ARL'/AR Line)) that help accurately spot price rebounds. It is excellent for 15 minute scalping and price-action trading. See notes in the picture above for more details. Note: "Top Deviation" is the deviation of the top 'ARL', "High Deviation" is for the high 'ARL', etc.
This is the Exit-Willy indicator. It issues Buy and Sell signals based on exit data from different moving averages and the Williams Percent R. It also has a LSMA filter. All values are adjustable. I like to use it with a higher Exit value being as it filters some of the false signals. There are multiple different settings to change and alter.
This is the LinReg-MACD indicator. It issues Buy and Sell signals based on linear regression candles along with a SMA slope filter. It also uses the MACD as confluence for these signals. It also has a LSMA filter. All values are adjustable and there are check boxes for use on different candles. I find it works better for me when swinging higher timeframes like the 1 hour.
█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands Up to 9 moving averages can be independently applied. The length , type and timeframe of each moving average are configurable . The lines, colors and background fill are customizable too. This...
A unique non-standard RSI formula with my extensions. The indicator is displayed without delays and repaints, immediately after the close of the candle. This formula allows me to correctly include the moving average in the calculation. The calculation allows me to display RSI with any type of MA. By default I use EMA, with this type of MA my RSI is not visually...
The Exponential Moving Average is the most commonly used indicator in every market. but no one can predict which pair of exponential moving average crossing will work best together. Every instrument require different EMAs crossing. It can be 2 EMA crossings or 3 EMA crossings. Dynamically Adjusting EMA crossing tries to solve this issue. Algorithm finds the...
The Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM. ***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning...
This Script can do multiple jobs in single indicator. Like -: Plot 3 SMA as per your inputs. Plot 3 EMA as per your inputs. Plot CPR Levels. Plot Pivot Levels. Plot Previous Day High Low. Indicator can used in Intraday stock trading, Positional Trading and options trading. Please Enjoy.