🎲 Overview 🎯 This Zigzag indicator build based on different MA such as EMA/HMA/RMA/SMA, support multi-timeframe setting . you can get customer zigzag indicator by change short/long ma length and high-timeframe config(5m/15m/30m/1h/2h) in any symbol. 🎲 Indicator design logic 🎯 entired logic is simple and code looks complex, I‘ll explain core logic here, code...
This oscillator is an attractive way to view hidden price divergence... The formula originated from the Lark, but I have cleanly displayed this information. When the two moving averages (ema) cross with a simple moving average, you find the hidden price divergence. What kind of market should you use this in? It works well when a trend is already established....
Level: 1 Background In Traders’ Tips in January 2023, Vitali Apirine published an article in the January 2023 issue, “True Range Adjusted Exponential Moving Average (TRAdj EMA)”. I use pine v4 to script it. Function Vitali Apirine's article True Range Adjusted Exponential Moving Average (TRAdj EMA) presents how a security's True Range, which measures...
Level: 3 Background One of my favourite tool to see fast trends which is simple but powerful. It runs under below market logic. Function Best cose line is a tool to model the people's mood and preference in the market. I define a typical price as wcx, when wcx is above the best cost line, which means traders are willing to use higher price to buy, then if you...
Get a snapshot of the market with the index's last price, distance to selectable moving averages, and breadth data. Choose to see data based on the Nasdaq or SPX, as well as net highs / lows for the Nasdaq, NYSE or combined. Snapshot shows: - Index's (SPX or Nasdaq's) last price - Put call ratio - % of stocks above the 50 day moving average for the index...
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...
Volume Divergence • Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its effectiveness: • Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false...
The Fibonacci Moving Average (FMA) is an indicator for financial markets that is calculated using the Fibonacci sequence and the metallic mean. The metallic mean is a type of average that is calculated by adding the source and the square root of the sum of the square of the source and 4, and then dividing the result by 2. The FMA is then calculated by using the...
A 3 EMA Ribbon + Conviction EMAs system that simplifies measuring and using EMAs for trend and support/resistance . If you are familiar with using a faster EMA (8 or 9) with a pivot EMA (21) you should feel right at home. Features include: - 3 EMA Trend Ribbon (8, 21, 34 default) - 2 color system for showing bullish trend (green + blue) - 2 color system for...
Hi dear Investors! Here I present you my last prepared indicator that works with searching on the most visited prices in a period. It also take an average of them which is described here as balance line. Inputs: +BACKWARD: range of your search area on history from current moment. +MEMORY: number of memory stacks that would be used to save previous calculated...
(BBMC) "Bollinger-Bands.Multi_Choice" indicator gives the end user a choice of which Moving Average they want to use. The MA choices available are: SMA = simple moving average EMA = exponentially weighted moving average RMA = moving average used in RSI WMA = weighted moving average VWMA = volume weighted moving average VWAP = volume weighted average price HMA =...
The True Range Adjusted Exponential Moving Average was created by Vitali Apirine (Stocks and Commodities Jan 2023 pgs 22-27) and this is the latest indicator in his EMA variation series. He has been tweaking the traditional EMA formula using various methods and this indicator of course uses the True Range indicator. The way that this indicator works is that it...
Title: "Volume Weighted Hull Moving Average Bollinger Bands Indicator for TradingView" Abstract: This script presents a TradingView indicator that displays Bollinger Bands based on the volume weighted Hull Moving Average (VEHMA) of a financial asset. The VEHMA is a technical analysis tool that combines the reduced lag of the Hull Moving Average (HMA) with volume...
Title: "Price Weighted Volume Moving Average Indicator for TradingView" Abstract: This script presents a TradingView indicator that displays the price weighted volume moving average (PWVMA) of a financial asset. The PWVMA is a technical analysis tool that helps traders visualize the relationship between price and volume over a specified period of time. The script...
Hi All, This is a very simple indicator which provides the buy signal, when the moving average lines turns Green and sell signal, when the moving average signal turns red. This can be used for both intraday and scalping method with different timeframes. But best time frame is 5 minutes. Buy Signal >>> Line turns GREEN (Use trailing SL to cover maximum...
This indicator to be used only in BankNifty , shows Values of BankNifty Index & its top constituents. Dashboard Interpretation : LTP - Last Traded Price. D High - Day High. D Low - Day Low. I Points - Shows the contribution of top BankNifty constituents according to its weightage. PH-PL - "PH - PL" means LTP is trading between Previous Days High( PH ) &...
This is the Reverse Engineering EMARSI and SMARSI Indicator. It’s based on the work of Giorgos Siligardos on Reverse Engineering RSI. The Reverse Engineering EMARSI and SMARSI Indicator shows the Exponential Moving Average and the Simple Moving Average of the RSI line but plotted in the price chart. This script is also a complement of "Reverse Engineering RSI, by...
This script is based off the original "Elder Impulse" system. It is based off a series of indicators including EMAs and MACD crossovers to change the colors of candlestick bars which can act as buy/sell signals to traders. Additionally this script plots 2 lines on the chart - one red and one green. These lines show the price levels needed for the current bar's...