Props to Madrid for creating the original script: Madrid Moving Average Ribbon. All I did was upgrade it to pinescript v5 and added a few changes to the script. Features and Functionality Moving Average Types: The indicator offers a choice between exponential moving averages (EMAs) and simple moving averages (SMAs), allowing users to select the type that...
Entry Fragger is a simple buy signal indicator. It is most suitable for cryptocurrency, especially for altcoins on the 5 minute to daily timeframe and is based on simple volume calculations, in combination with EMA's. Main Signal Logic explained: A buy signal is generated by counting candles with an above average sell volume of 130% to 170%, taking into...
The Wave Scanner helps you make more informed decisions about when to buy and sell. This indicator operates on a series of inputs and global variable declarations. Based on the same parameters as the WAVE Indicator. It uses different parameters such as the closing price, Stochastic Momentum Index, and smoothing factors such as the EMA to calculate the...
█ Probability Box Rule of Thirds The Probability Box Rule of Thirds , is a visual indicator that helps traders identify possible overbought and oversold conditions. It does this by dividing the price range – highest high minus the lowest low of a given lookback period or date range – into thirds. Each third has distinct probability characteristics and when...
Indicators doesnt make money, it is the concept behind the indicator that makes money. Please read and understand before contact. This is not for beginners or people who are looking for Buy Sell signals. Purely for those who can understand the concept of confluence. This indicator will help you identify the Entry candle with confluence of SMC or Pivots or any...
The three-day rolling pivot is another pivot concept, which may be used by intermediate positions, for several days or even weeks. It can be utilized in many ways, such as to determine an entry point or trailing stop. As the name suggests, this pivot is based on the last three days. I learned this concept of the book "The logical Trader" by Mark Fisher. Kudos...
I have attempted to combine all the parameters to decide on the entry and exit points for stocks. The indicator combines 1) EMAs 2)PSAR 3)ATR The script also attempts to show the risk-reward
The old version of Trap Light before the most recent update. In order to facilitate the table functionality that is currently available for Trap Light, I had to make some values that are used in calculations hard-coded. By request, I'm quickly making this version available. Trap Light Description Trap Light is an indicator that uses the K value of the...
These pivots are based on calculations that i have been using for quite some time. I'm sure There is no need to explain on how to use pivots. Labels are given to understand and you can Msg me here or comment if u need any explanation. I have given few examples below.. check i t out XAUUSD BTCUSD Nifty Banknifty
To make the strategy known as the "Chaos Coaster" (published by "Perfect Entry" group) easy to use, simplify backtesting, and increase awareness, I combined three indicators into one. The result is this standalone indicator, which provides clear signals based on the original rules of the strategy. Let's look at the rules and components of the strategy to explain...
This indicator shows you: - The first bullish candle to close below EMA 10 - The first bearish candle to close above EMA 10. Optional: You can enable the exit signals in the setting. This will show you: - If you are long (bullish), it will signal when the first bullish candle closes below EMA 10 - If you are short (bearish), it will signal when the first bearish...
Hello everyone! This is a reasonably comprehensive indicator for taking entries on the lower timeframe based on my personal experiences. This indicator uses three key elements to provide entries that occur only a handful of times throughout the month on lower timeframes. The first element incorporated is used in naked trading strategies, which involve using...
A Standard Supertrend indicator with Chop Suppression added to minimize bad entries when the market goes sideways. Chop Suppression will hide alerts/entry signals that otherwise would have been generated during sideway price action. Recommend using this indicator with a secondary long-term trend indicator such as VWAP or 200 EMA . Trade with the long-term trend...
This is an Buy and Sell Oscillator. Its show the trend reversal or change in price action of the market. This indicator is a combination of various moving averages. This is like a MACD but a very powerful version. How To Use It If green line gives crossover white line towards down then price is expected to fall. If red line gives crossover white line...
Prof. Snipe is a superadaptive, multi-purpose indicator I developed in order to judge market trend strength and show high probability entry points. The indicator is focused around a zero lag moving average algorithm (SUPER-MA, ), that changes its parameters depending on the volatility (ATR) and trend strength (ADX). If the price (black 3 period MA) is above...
This just helps give you a good signal that it could be a good place for an entry. Please note that this indicator is made for scalping. This means you need to be shaving/skimming/taking profits frequently. I have found that when this signal starts to appear that is when I zoom out on larger time frames to see if it is in fact a good time to go in. I typically set...
This strategy is designed to allow you to catch the bounce or "SNAP Back" of an equity that has been in a trend. 1) Once the moving averages are in the order of 200SMA > 50 SMA > 34EMA > 20SMA > 8EMA (or reverse for and uptrend), the strategy is setup. 2) Next you wait for a trigger of the closing price crossing the 8EMA, while there is a desired gap size between...
This Indicator is built to give you an edge into the market. Given volume, volatility and price-action, it compares market conditions against the maximum that have occurred so far in the session. Useful for intraday and day trading for timing entries with the smart money. The green/red histogram gives us a view into the relative strength of the current bar,...