EMA Cloud By Ripster
EMA Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Intraday & Swing Trading. This can be utilized effectively on 10 Min for day trading and 1Hr/Daily for Swings. Ripster himself utilizes various combinations of...
The retracement tracker function(s) in this script outline how to:
Track conditions using "toggle" booleans.
Use multiple coinciding conditions to trigger an event just once.
What is a retracement?
"Retracements are temporary price reversals that take place within a
larger trend. The key here is that these price reversals are temporary
and do not...
First of all the biggest thanks to @tista and @KivancOzbilgic for publishing their open source public indicators Bayesian BBSMA + nQQE Oscillator. And a mighty round of applause for @MarkBench for once again being my superhero pinescript guy that puts these awesome combination Ideas and ES stradegies in my head together. Now let me go ahead and explain what we...
I'm not much of a coder but I do make indicators for myself for fun sometimes and found this one super cool. Hope it helps!
Basically it's a moving average that changes colors based on the trend. How does it do it, you may ask? Simply put, it checks and makes sure that the open and close price is...
Based on Dow Theory, a series of successive higher highs (HH) and higher lows (HL) is the sign of an uptrend (bull trend) and a series of successive lower highs (LH) and lower lows (LL) is the sign of a downtrend (bear trend).
So this script indicates the trends using the concept and draws corresponding trend lines.
It took some effort to make it possible for...
A simple script that will change the color of the candle if it closes over/under the designated Moving Average. This makes it very easy to identify trends based on your selected Moving Average line length. You can choose EMA, SMA, or WMA and of course the length is adjustable as well. To see these candles, be sure to go into the Chart Settings and uncheck the...
In This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are...
This was the result of quite some time spent examining how much information could be gleamed by studying the interactions between Keltner Channels, STARC Bands and Bollinger Bands. I was surprised by the results.
First of all, there are four fills that are black. Set the transparency of those to 0 and you'll see this indicator the way that it's meant to be seen....
My first try to implement Full Hurst Exponent.
The Hurst exponent is used as a measure of long-term memory of time series. It relates to the autocorrelations of the time series and the rate at which these decrease as the lag between pairs of values increases
The Hurst exponent is referred to as the "index of dependence" or "index of long-range dependence". It...
WTT Volume Trend by Morty
Inspired by Natural Trading Theory
It is a colored volume indicator based on the strength of single candlestick pattern.
It also paints two weighted volume SMA, which shows the strength and trend of the market.
Version 1.0, Updated at 20210327
- Colored volume bars (Optional)
- Weighted Bullish volume SMA trend lines...
This experimental script is a variant of a model that allows a separate indicator window to be opened, revealing data for on balance volume, rsi, consumer commodity index and momentum indications. By use of the settings key, you can change the parameter of the source input as well as the desired lengths. After data compilation, the indicator will automatically...
Action Trend Line is different of Moving Average between ema26 and ema260
My idea is, if ema26 drop to ema260 means downtrend
if ema26 increase or moving out of ema260 means uptrend
then writting a different line by 100 scale to be clear vision
at the bottom have plot sign up and down for each candle, it is status information
The chart show Action Trend Line, by...
I've created a simple oscillator which I think does a good job of easily showing you when price is worth watching or not. I think all too often you get stuck looking at something like an RSI and end up trading noise.
From my observations and experiences, I've found that there are 2 major catalysts for price movement--
Price is either trending and reaches a...
I created this indicator based on one of my ways of analyzing the BTC trend in particular, I noticed that the break of the first weekly candle usually indicates the trend for the rest of the month.
This indicator has a bug in which if you change the timeframe of the indicator it will show erroneous values
If you use the candlestick chart, you will need to pull...
This Script is a Trend Following system built over the concepts of normalising ATR over Bollinger Bands and Pivot points high low,
This Script Can be used over AnyTimeframe
and Can be treated as a stable alternative to Supertrend
Script has provisions for BUY and SELL Alerts