This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our fourth one we are automating is one of the strategies from "I Found The Best 1...
How do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. When the price is above the moving average this shows the bullish trend is strong. When the price is below the moving average this shows the bearish trend is strong. When the moving average is purple, the trend is bullish, when it is gray, the trend is...
This is my attempt at smoothing the exponential moving average any its cousins. I literally just smoothed the source and alpha and this is what we got. I really like this because you get a nice smooth yet fast acting moving average that works better than a traditional simple moving average. This script also included directional alerts. Smooth EMA Smooth...
This indicator is a part of the script I coded earlier this month. The name is to surprise one of our discord member. I will publish that indicator in a few days as well, but publishing this as a gesture of giving back to the community. Indicator has: 10 Moving Averages Adjustable Color, Opacity and Size etc Shows Labels for each of the MA. Can be shifted...
***CREDIT TO TradingView's TA Library*** (), Attempted to use "import TradingView/ta/4" to import the library, but for whatever reason some of the functions failed to work, while others had no issue, so I opted to just copy paste what I wanted to use. This moving average uses an oscillator to influence the length used during calculation. Extremely...
This script lets you pick 20 symbols to check for ma crosses. The way it works is it scans all 20 of your symbols for moving average crosses and then it sends an both a regular alert and a visual alert inside of the indicator. I found that ma cross strategies are very popular right now so I thought it would be nice to have one indicator instead of 20 discord...
williams fractail + smoothed moving average. moving average. williams fractails with moving average , williams fractails + MA, smma
The MPI (Mega Pendulum Indicator) is a fusion between the Pendulum Indicator and the Swing Indicator and is used with specific trading rules. The MPI is a semi-bounded oscillator comprised of two lines. The first bounded line is the Pendulum Indicator which oscillates between 0 and 100 but generally oscillates between 20 and 80. The second semi-bounded line is...
A unique non-standard RSI formula with my extensions. The indicator is displayed without delays and repaints, immediately after the close of the candle. This formula allows me to correctly include the moving average in the calculation. The calculation allows me to display RSI with any type of MA. By default I use EMA, with this type of MA my RSI is not visually...
Simply adds 3 exponential moving averages (EMAs) to the chart. Two are fixed to the daily scale (e.g., 200 and 50 days) and one adjusts to the chart's scale (e.g. 8 bars). To use the 8-EMA as a trail stop, you can enable labels on the plot or on the price axis.
The following script returns a moving average designed to be used as a signal line in a moving average crossover system. The moving average will diverge from the price during ranging markets and reach the value of a regular moving average during trending markets. Settings Length: Moving average period Src: Source input of the indicator Usage Moving...
This is a volume weighted exponential moving average. uses exponential weighting and considers volume in the consideration of the average price. This makes for a more accurate "average" than a standard moving average.
This script is helping you auto plot daily SMA EMA and extensions when you are looking at intraday charts. The script is customizable where user can select which ever levels they are interested in viewing. These daily lines act as support and resistance levels for intraday The green line represent 20 EMA Daily The yellow line represent 50 SMA Daily The olive line...
Have fun and good trades with this. <3 You can use from 1 to 4 EMAs with this.
This script uses a reverse function of the famous Ehler Instantaneous Trendline to calculate the source price required in order to change from Bullish to bearish From my analysis, the reverse price does appear to be rather choppy, though it is 100% accurate. This is because Ehler's Instantaneous Trendline tends to remain trending for longer periods of time with...
Do you like using moving averages? Why do you think a pair of moving averages on a chart will help you? What is the probability that once two moving averages have crossed, you will successfully enter the trade? So why not use 100+ moving averages at once to increase the probability of a successful trade? And all this can be seen in a single oscillator as a...
Hi everyone, Just sharing a script that I made when I began to be interested in Mark Minervini, Wiliam O'Neil, Nicolas Darvas,.. trading style. This script displays : - 10 EMA (orange) - 20 EMA (blue light) - 50 SMA (blue) -150 SMA (green) -200 SMA (red) - Shows when the stock is "extended" from EMA10 to high of the candle (Works in Daily, you can adjust the %...
This is initially based on the MA Speed indicator from TradeStation () and expanded upon greatly. This implements 3 different variable MAs and calculates and plots both speed and acceleration of each. Also, a single line composite option is included for both speed and acceleration that changes color based on directional confluence of each MA's speed/acceleration....