description: • Zig Zag indicator plots points on the chart whenever prices reverse by a percentage greater than a pre-chosen variable. • Forecasts area based on zigzag statistics. • Displays labels with detected patterns. • Displays slope information rate of price, time diferentials and angle(experimental)
Introduction I had the idea to make this indicator thanks to @dpanday with the support of @Coppermine and @Reika. Vwap is a non parametric indicator based on volume used by lot of traders and institutions, its non parametric particularity makes it great because it don't need to go through parameter optimization. Today i present a similar indicator called Ratio...
Indicator returns an average of 5 SMAs. an interesting point that I have noticed that the price has several times reacted on it. Note 1: Do not just use this as a criterion for buying and selling, use as one more aid. Note 2: It is possible to leave in the chart all the averages, if you feel it...
7 different types of moving averages (5 different lengths of each) compared to a base moving average. Base moving average can be configured to be a slew of different types of moving averages (credit to @mortdiggiddy for the code) and have a custom length. Red = base moving average is over other moving average (bearish) Green = base moving average is under other...
█ WARNING The publication of our ConditionalAverages library has deprecated this publication. █ ORIGINAL DESCRIPTION The need to calculate averages (arithmetic mean) comes up here and there in scripts. When you want the average of a value only when a given condition has occurred, you will often not be able to use the standard sma function in Pine because...
This Indicator shows you the major moving averages, both in simple and exponential.
Introduction A pun between the word flag and the adjective flagging (less dynamic) , this indicator have two bands who react faster when in contact to the price. Imagine you are under sheets, if you abruptly rise, the sheets will instantaneously go up, then if you abruptly get down, the sheets will fall slowly until being in contact with a surface, this is...
(YEK) Combo is a combination of several indicators (listed below). You can use them together or one by one. Just click settings, and choose which of them to be shown. Here are the indicators included in this script: - Ichimoku Cloud - Bollinger Bands - Moving Average 1 - Moving Average 2 (In case of detecting golden crosses or death crosses) - Exponential Moving...
To Survive in Bear Markets or in Horizontal Markets; EMA Rainbow ; EMA Rainbow is a rainbow which is formed by multiplying the moving average by certain proportions and reflecting up and down on the ema200. According to the observations, dark green areas are strong buying areas, dark red areas are strong sales regions. Trading decisions can be made according to...
This indicator was originally developed by John F. Ehlers (Stocks & Commodities, V.18:7 (July, 2000): "Optimal Detrending"). Mr. Ehlers didn't stop and improved his Optimum Elliptic Filter. To reduce the effects of lag he added the one day momentum of the price to the price value. This modification produce a better response.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities, V.18:7 (July, 2000): "Optimal Detrending"). Mr. Ehlers worked on the smoother that could have no more than a one-bar lag. An elliptic filter provides the maximum amount of smoothing under the constraint of a given lag.
This type of moving average was originally developed by Alex Orekhov at his home. This WMA uses previous prices as weights for the new ones. At the moment, this is a highly experimental approach, so don't use it in real trading. The weighting scheme is presented on the chart.
This type of moving average was originally developed by Bruno Pio in 2010. I just ported the original code from MetaTrader 5.
The script combines the common moving averages 50,100 and 200 and adds an additional MA300 to the graph.