Rainbow Charts, by Mel Widner, is a trend detector. It uses recursively smoothed MAs (remember, this idea was proposed back in 1997 -- it was certainly cool back then!) and also builds an oscillator out of the MAs. Oscillator bands indicate the stability range.
I have also included a simple binary wave based on whether all the MAs are in an upward slope or not....
According to Elder, "The Impulse System encourages you to enter a trade cautiously but exit fast, by identifying inflection points where a trend speeds up or slows down. This is the professional approach to trading, the total opposite of the amateur's style. Beginners jump into trades without thinking too much and take forever to get out, hoping and waiting for...
Guppy Multiple Moving Averages
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Developed by Daryl Guppy, the basic idea of Multiple moving average(MMA) is to view the trend as two band of moving averages – short term band and long term band.
Shortterm averages capture the inferred behaviour of traders and long term represents the investors. Uses fractal repetition to...
TMF is a CMF (Chaikin Money Flow) variation that addresses some of the gaps in the original indicator. More info: www.incrediblecharts.com
TMF uses true range, rather than daily Highs minus Lows. Also, uses Wilder's MA rather than SMA/EMA.
Since I had to write Wilder's MA (WiMA) for TMF, I have published that also as a separate indicator. WiMA is like EMA, but...
Another new indicator for TV community :)
STC detects up and down trends long before the MACD. It does this by using the same exponential moving averages (EMAs), but adds a cycle component to factor instrument cycle trends. STC gives more accuracy and reliability than the MACD.
More info: www.investopedia.com
Feel free to "Make mine" this chart and use the...
*** NOTE: This is a repost with updated scripts to workaround the recent script engine changes ****
As the volatility rises, all Adaptive Moving Averages (AMA) become more sensitive and adapt faster to the price changes. As the volatility decreases, they slow down significantly compared to normal EMA. This makes it an excellent choice for detecting ranging...
Zerolag (almost) EMA gives a good indicator of "close" trend. Many are familiar with the fast/slow ema crossing strategy. Try using this zerolag_ema as the fast runner. You will see improved and more reliable crossovers..
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is...
Generic 8x MA plotter. Marks all MA crossings.
Also, you can specify the type of MA -- SMA or EMA.
I actually added an option to disable a specific MA line by specifying ZERO for it. This seems to break the Pinescript Engine. So, for now, please specify all MA values, though I have support for disabling a line in the code.
EMAEnvelope indicator does just that, draws a nice user-defined period EMA envelope (overlay).
It also can highlight the Bull/Bear breaks using different colors
- Green : High > EMA_HIGH
- Lime : (High > EMA_HIGH) and (Low > EMA_HIGH)
- Orange : Low < EMA_LOW
- Red : (Low < EMA_LOW) and (High < EMA_LOW)
Background highlighting is...
Famous 7 Time World Trading Champion Chuck Hughes found the 50 and 100 EMA to be the best Signal for a Change in Trend. Through extensive back-testing he found these EMA’s to give the earliest signal that also resulted in a Long-Term Change in Trend.
Dotted Line represents Long-Term EMA. The 100 EMA in this example.
Solid line represents the Short-Term EMA. The...
![BTCUSD: Indicators: Twiggs Money Flow [TMF] & Wilder's MA [WiMA]](https://s3.tradingview.com/j/Jccjg8CR_mid.png "Indicators: Twiggs Money Flow [TMF] & Wilder's MA [WiMA]")
![BTCUSD: [REPOST] Indicators: 3 Different Adaptive Moving Averages](https://s3.tradingview.com/w/wZGOIz9r_mid.png "[REPOST] Indicators: 3 Different Adaptive Moving Averages")
