A least squares filter using the Auto line as source, practical for noise removal without higher phase shift.
Its possible to create another parameter for the auto-line length, just add a parameter Period or whatever you want.
r = round(close/round)*round
dev = stdev(close,Period)
Hope you enjoy :)
The idea of this script is to identify candles that have made new highs and have closed above the selected moving average or have made new lows and have closed below the selected moving average. It's a stop method I've been using lately that works best on trending days and I find it helps to keep you from getting stopped out of consolidation periods.
What I do...
This is a momentum, trend, as well as a divergence indicator.
It is similar to CCI, though it is based on a slow and fast EMA in connection to ATR, which
allows to interprete it easily.
Both EMAs and ATR have customisable period.
Further explanation and basic usage can be found in the comment section inside the script.
Features:
- Each moving average has customizable length, type and source
- The ability to change the source of all moving averages with one input (changing an individual MA source will override the general for that MA)
- At a glance comparison of 20 SMA and 20 VWMA to gauge volume trend
Defaults: Four SMAs (20, 50, 100, 200) and a 20 VWMA.
Usage:
- Use...
Working great on higher timeframes! Best is to check performance for certain timeframe and then trade on the signals, so far 4H-24H range works best. 9H had best performance on MAIDBTC, but seems lower Timeframes doing well too on BTCUSD. Just check under performance and try it out! :)
This script analyses the CCI indicator values, showing when a fall in price or a rise in price may happen, or when the CCI is confirming the trend.
The user can personalize:
The period to be used and the range of the CCI bands ( by default)
The slow SMA period to be used and the price percentage variation to react for bullish/bearish
Consecutive number...
