An aggressive scalping indicator designed for short timeframes.
Made up of:
- The 21 and 55 EMA, but these are customisable to be any length and either the: ema, sma, tema, hma or wma
- The TD sequential
- Support & resistance zones which are indicated by red and green shaded horizontal areas
The TD numbers 8 and 9 signal a possible turning point, especially if...
This script is supposed to be used as part of the "TESLA" strategy in which the default values for the EMAs will serve as a trend indicator and dynamic support and resistance. Moreover, the bollinger bands will signal an overbought or oversold condition stating statistically the price will go up or down. This script features are:
- 3 EMAs which will response...
This plots the ratio of 5EMA to 21EMA on current timeframe basis and compares this with plot of the ratio of weekly 4EMA to Weekly 12 EMA
This is in attempt to find if recent momentum beats weekly momentum
Hayatguzel indicator is a simple indicator which shows the price/ema ratio. Indicator uses the highest or lowest values for price while closure ones for ema. Ema value can be adjusted according to your choise such as 21, 34, 55 etc. or any value you prefer.
I want to explain hayatguzel on XAUUSD chart. I marked 3 points on the chart. 1st one is the peak value of...
A simple indicator of trend by using 3 EMAs of multiplies of 2, 5 and 10, filtered by standard positive/negative directional movements (DM) which are the base of Average Directional Index (ADX).
The "Trend Strength" option is included to set the EMA multipliers and also the variation between DM+ and DM- which interpret the trend as a weak or a strong one.
This indicator is a huge upgrade to my original MTF MESA
Plots are now extremely smooth and accurate on all timeframes **
Missing data points are automatically filled with the "best fit"
This is a Trend indicator and should be used to trade "top-down" aka:
Start with the Daily chart to confirm a trend
Move to 4H
Use your favorite entry...
Important: I don't really know how people generally compute deviations from VWAP/VWMA, but smth tells me generally it's just a Av Dev/St Dev based on mean, not on appropriate basis, like volume weighted mean in our case. This version is mathematically correct, it first calculates weighted mean, than utilizes this weighted in mean...
Horizontal line for previous daily, weekly or monthly high.
By default :
Green Label - previous 1 day high
Yellow Label - previous 1 week high
Red Label - previous 1 month high
Each number and color can be change in setting.
This script plots multiple moving averages each source based on its previous MA, all having the same length.
Simple Moving Average ( SMA ) or Exponential Moving Average ( EMA )
One adjustable look back period
Choose how many MA's to display, max. 50
One adjustable line width
It probably works best for long term views to find trends...
This indicator uses a combination of the VWAP, EMA 9 and parts of the MACD in order to detect a bullish or bearish trend.
How to trade it:
Set SL either below or above the VWAP line (orange) and TP to 1:1.5 ratio (depending on last few candles, of course).
If EMA200 is close by then place SL either below or above EMA200 (blue) and TP to 1:1.5 ratio
A new strategy to 'play' with witch uses three moving average lines with user defined length.
default settings are
Enter long when ma(3) (source = high) crosses ma(9) (source = open)
Enter short when ma(3) (source = low) crosses ma(9) (source = open)
Allows for 3 SMAs and One EMA, Combined with Buy/Sell Indicator
Defaults to following settings:
9 SMA - Red
50 SMA - Blue
180 SMA - White
20 EMA - Yellow
Input Values and Colors can be modified
Recommend changes to the Style default
-uncheck Buy/Sell Chart Line
The idea of this script is to be a low risk strategy on trending stocks (or any other trending market), aiming to achieve minimal draw down (e.g. at time of writing AAPL only had ~1.36% draw down, FB ~1.93% draw down and the SPY was 0.80% draw down and all remained profitable).
Testing proved it shouldn't be used in choppy stocks and best period was on daily...
*Modified version of my Scalpy indicator replacing RSI with MFI*
It is made up of a 2 main parts.
- The cloud comprising of a 10 period SMA and a 30 period SMA .
- When the cloud is green you should be looking for long entries.
- When the cloud is red you should be looking for short entries.
- Price is most bullish above a green cloud and most bearish below a...
What you see is a hullMA (user defined length) with 4 percentage bands attached to it.
The bands percentage and hullMA length can be adjusted to see how the trading strategy performs.
I implemented only long trades with a crossover from one of the lower bands, when it crosses over a high band
it exits the trade.
Improvement coulde be: