% Sensitivity MA Cross [racer8]This is my third published indicator on % Sensitivity MA, if you're not familiar with it, go check out my first one.
This time its a cross between 2 % Sensitivity MAs.
Pesquisar nos scripts por "ma cross"
Trend Quality cross [LM]Hi Guys,
I would like to introduce you Trend quality cross indicator. The idea orginallybcomes from @kruskakli and his indicator "Trend Quality" so shout-out to him
I have modified the indicator to display just binary option buy/sell and display diff percentage from previous cross. Also there is a difference that I have double smoothed tq indicator results to give less false signals.
and also added for the same reason like in my other indicator vpci ma cross base line and conversion line from ichimoku.
Any suggestions are welcomed
Adaptive MA CrossThis is part 5 of 11 in the system named Ninetales/Volt V2 you can find on Tradingview.
Add three values to test for Fast MA, and three for Slow MA and it will backtest a crossover strategy and show you the most accurate one.
Moving Average CrossNote: This is just an idea, I did not test this for trading.
MA Cross normally uses close as source in the moving averages, this script uses highs and lows as source.
In an uptrend you will see the 20 period high EMA and 50 period low EMA, once they cross, the indicator will switch to 20 period low EMA and 50 period high EMA. This gives it way less fake crosses as you see in the image on BTC.
As i said above, this is just an idea. If you change the settings, they might not cross at all.. so do your own testing.
Hope this code can help someone.
Simplified MA Crossover indicatorThis is my first script, it is really simple logic and you probably saw something similar before. Is a crossover indicator between 2 Moving Average, one fast MA and the second slow MA.
Inputs you can adjust:
- 8 different source of MA's
- lenght of the MA's
- 7 different types of MA's ("EMA", "SMA", "RMA", "WMA", "DEMA", "TEMA", "HMA")
- 3 smoothing level of the fast MA
- plotting fast MA into the chart
- plotting crossover triangle shapes
I really enjoed the creation of this simple concept indicator, maybe not the fastest because of his nature but I liked work on it. I am sure is a good base to improve, study and try new idea.
WaveMasterThis indicator created with combination of 2 different indicator, momentum and Inchimoku Kinko Hyo.
It replicates the result of Moving Average(5) added to RSI indicator window to identify the end of a trend and reversal,
under strict condition and unique application on mobile phone.
But with more accuracy and reduced false signals.
Tested markets: DOWJONES/US30, S&P500, CURRENCY, Commodities: GOLD, BRENT & WTI.
For Intraday & Swing Trader.
How to use:
Two key signal levels, Overbought / Oversold level.
1. When the line touch Overbought level, go Short.
2. When the line touch Oversold level, go Long.
Timeframe: M5, H1 & H4
**After the line cross the signal level. You can wait for more confirmation such
ABC pattern, engulfing or additional MA crossing.
When to execute entry?
For example: So when line touch the signal level lets say it a Long signal, wait for ABC pattern, when you saw a complete wave of A and it making wave B,
use Fibonacci Retracement from the first point (B)(High) to second point (A)(Low), set BUY LIMIT at 50% of Fibonacci Retracement level for smaller risk, or wait for
wave C to break above the HIGH of wave B at 100% of Fibonacci Retracement level to instantly BUY at current price to confirm the ABC pattern.
When to exit your position?
1) Exit your trade when the line touch Overbought level, indicates the bullish is weakens.
2) Exit your trade when the price touch Fibonacci Retracement level of point B to A,
at these 3 level 161.8% / 261.8% / 423.6% (Take Profit level)
MultiType Shifting Predictive Moving Averages (MA) CrossoverJust 2 Moving Averages with adjustable settings and shifting capability, plus signals and predicting continuations.
At the time of publish these different types of MAs are supported:
- SMA (Simple)
- EMA (Exponential)
- DEMA (Double Exponential)
- TEMA (Triple Exponential)
- RMA (Adjusted Exponential)
- WMA (Weighted)
- VWMA (Volume Weighted)
- SWMA (Symmetrically Weighted)
- HMA (Hull)
I'm looking forward to any idea about filtering the signals. Thanks.
SW System - EMAs - Pivots v2//=========================================================
// Indicator Name: SW System - Traditional Pivots and MA cross alerts - Plus Psychological Sup/Res
// Type: Main panel
// Version: 2
// Description: MA cross alerts - Plus Psychological Sup/Res
// Traditional Pivots in any time frame
// Author: Sergio Waldoke (Argentina)
// First Release: June 23rd, 2019
// Last Release: June 27 th, 2020
//
// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// © galileogalilei1 (Sergio Waldoke)
//==========================================================
Set of tendence and Support/Resistance with Pivots and psychological S/R in main prices. Four moving averages are provide which may be chosen between EMA or simple Moving Average.
Some alerts in crosses are provide.
Enjoy!
TradeChartist MA Tantalizer ™TradeChartist MA Tantalizer is a free to use, elegantly designed script for MA based traders and it offers a range of useful Moving Averages based plots including MA fishnet/Tantalizer ribbon and custom multi time frame MAs with crosses based on user input. The script's visually appealing design and its functionality offers a pleasing experience for the users, thereby complementing their analysis and helps understand asset's price action better.
What does ™TradeChartist MA Tantalizer do?
1. MA Tantalizer plots Moving Averages Tantalizer (Fishnet or Tantalized) in user preferred color scheme based on selection from a dropdown of 10 MAs ( SMA , EMA , Zero-Lag EMA , SMMA , WMA , DEMA , TEMA , VIDYA ( Variable Index DYnamic Average ), T3 MA (developed by Tim Tillson featured in his article "Better Moving Averages" in 1998), Modified T3 MA ). If length input is 10, Tantalizer plots 15 MA plots ranging from 10 MA to 150 MA. The Tantalized MAs help the traders to visually spot price trends and along with MTF (Multi Time Frame) MA plots with detection of crosses within the script, help traders make an informed trade decision. 15 MA plots can be individually plotted or hidden from the indicator settings.
2. Plots two MAs based on user input length and timeframe which helps detect MA crosses as shown below.
3. Generates Signal for MA crosses that can be plugged as Signal Connector and used with Plug and Trade scripts as below.
The sheer number of interesting things that can be done with this script from plotting visually engaging MA Tantalizer and detecting MA crosses not just on chart Timeframe, but also crosses between MAs of different timeframes, makes this script quite versatile and a real Tantalizer.
[JOHN] CROSSHello this is CROSS indicator. (work on ALTCOINS, BTC AND ETH)
---------------------------------
How this indicator work?
CROSS script work with MOVING AVERAGES and MA CROSS DISPLAYED ON CHART.
This system provide
- Possible buy/sell zones, to catch bull and bear cycle. (H4 AND D1 WORK PERFECTLY)
----> YELLOW BARS BUY
----> RED BAR SELL (TAKE PROFIT ON POSITION OR SHORT)
- Crossover of the 2 Moving averages ploting on chart with "GOLDEN CROSS" and "DEATH CROSS" with alert condition included if you want receive alerts.
BELOW SOME EXAMPLE WITH SOME COINS
Remember the rules and watch the charts below
YELLOW CANDLES = BUY
RED CANDLE = SELL
----------------------
LEO / BTC
MATIC / BTC
XTZ / BTC
LINK / BTC
ETH / BTC
ETH / USDT
BTC / USDT
THIS CAN BE USED WITH KNIFE CUT INDICATOR FOR HELP ON BIAS.
----------------------
i hope you like, if you have question please comment below
i will help you.
Thanks
GoombX Light - Get in the trendThis is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.
It produces clear signals for:
- BUY when it detects a significant MA cross and the right stoch RSI conditions OR when the SELL signal hits a Stop Loss (adjustable in settings)
- SELL when it detects a significant MA cross and the right stoch RSI conditions OR when the BUY signal hits a Stop Loss (adjustable in settings)
In testing it it performed best on daily chart with a 14 days Lookback window.
NOTE that a signal is only definitive once the trigger candle has closed.
I offer a full featured version which prints STOPS and trade CLOSE. Contact me on Twitter for details on how to gain access.
To setup an alert with GoombX Light, follow these steps:
- Set up GoombX Light on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (BUY or SELL)
- Under Options, choose "Once per bar close"
- Create
GoombX v1.1 - A trend catcherThis is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.
It produces clear signals for:
- LONG ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- LONG EXIT when certain stoch RSI conditions are met
- LONG STOP when price moves x% below entry (default 10%)
- SHORT ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- SHORT EXIT when certain stoch RSI conditions are met
- SHORT STOP when price moves x% above entry (default 10%)
In testing it it performed best on daily chart with a 14 days Lookback window and 10% stop loss
NOTE that a signal is only definitive once the trigger candle has closed
To setup an alert with GoombX, follow these steps:
- Set up GoombX on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (LONG ENTRY, LONG STOP,....)
- Under Options, choose "Once per bar close"
- Create
GoombX Light v1.1 - Get in the trendThis is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.
It produces clear signals for:
- LONG ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- SHORT ENTRY when it detects a significant MA cross and the right stoch RSI conditions
In testing it it performed best on daily chart with a 14 days Lookback window.
NOTE that a signal is only definitive once the trigger candle has closed.
I offer a full featured version which prints STOPS and trade CLOSE. Contact me on Twitter for details on how to gain access.
To setup an alert with GoombX Light, follow these steps:
- Set up GoombX on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (LONG ENTRY or SHORT ENTRY)
- Under Options, choose "Once per bar close"
- Create
Fast-Slow MA Cross on custom timeframe (with alerts)A simple script for tracking your moving average crossing with an option for a fixed time frame and a 3 additional MAs for reference.
Bitazu MA 5,10Displays 5,10 MAs on a single indicator.
Useful for Crypto trading and reduced the number of indicators needed to view multiple EMAs
When shorter MA crosses over the longer it's a good sign of Bullish/Bearish reversal.
This sentiment is more true at longer timeframes, such as daily candles, as the trend has more momentum.
Bitazu MA 10,20Displays 10, 20 MAs on a single indicator.
Useful for Crypto trading and reduced the number of indicators needed to view multiple MAs
When shorter MA crosses over the longer it's a good sign of Bullish/Bearish reversal.
This sentiment is more true at longer timeframes, such as daily candles, as the trend has more momentum.
MA + EMA Crossover EMA and MA crossovers are good signals fo trend reversal
You can look at my other scripts.
www.tradingview.com
If you want to ask something, you can message me.
Death Cross - 200 MA / 50 Cross CheckerBITFINEX:BTCUSD
You can check if 200 day MA crossed by 50 day MA. Nuff said.
TRIPLE Moving AveragesTriple Moving Average System with Composite Average
This strategy uses three moving averages of different timeframes to assess trend direction, momentum, and potential entry/exit points. The averages are:
Fast MA (Short-term) – Typically a 12-period moving average.
Reacts quickly to price changes, providing early signals.
Medium MA (Intermediate-term) – Often a 21-period moving average.
Smooths out noise and confirms the trend suggested by the Fast MA.
Slow MA (Long-term) – Usually a 50-period moving average.
Represents the dominant trend; acts as a strong support/resistance level.
Additionally, the Composite Moving Average (CMA) is calculated as the average of the three MAs, providing a balanced reference point:
How to Use the System:
Bullish Signal:
When the Fast MA crosses above the Medium MA and both are above the Slow MA, confirming an uptrend.
The price staying above the CMA reinforces bullish strength.
Bearish Signal:
When the Fast MA crosses below the Medium MA and both are below the Slow MA, indicating a downtrend.
The price staying below the CMA confirms bearish momentum.
Trend Confirmation:
The slope and order of the MAs (Fast > Medium > Slow = uptrend; Fast < Medium < Slow = downtrend).
The CMA acting as dynamic support/resistance.
Advantages:
Reduces false signals compared to single or dual MA systems.
The CMA smooths volatility and provides a clearer trend bias.
Example Settings (Customizable):
Fast MA: 12-period SMA/EMA
Medium MA: 21-period SMA/EMA
Slow MA: 50-period SMA/EMA
UM Dual MA with Price Bar Color change & Fill
Description
This is a dual moving average indicator with colored bars and moving averages. I wrote this indicator to keep myself on the right side of the market and trends. It plots two moving averages, (length and type of MA are user-defined) and colors the MAs green when trending higher or red when trending lower. The price bars are green when both MAs are green, red when both MAs are red, and orange when one MA is green and the other is red. The idea behind the indicator is to be extremely visual. If I am buying a red bar, I ask myself "why?" If I am selling a green bar, again, "why?"
Recommended Usage
Configure your tow favorite Moving averages. Consider long positions when one or both turn green. Scale into a position with a portion upon the first MA turning green, and then more when the second turns green. Consider scaling out when the bars are orange after an up move.
Orange bars are either areas of consolidation or prior to major turns.
You can also look for MA crossovers.
The indicator works on any timeframe and any security. I use it on daily, hourly, 2 day charts.
Default settings
The defaults are the author's preferred settings:
- 8 period WMA and 16 period WMA.
- Bars are green when both MAs are trending higher, red when both MAs are trending lower, and orange when one MA is trending higher and the other is trending lower.
Moving average types, lengths, and colors are user-configurable. Bar colors are also user-configurable.
Alerts
Alerts can be set by right-clicking the indicator and selecting the dropdown:
- Bullish Trend Both MAs turning green
- Bearish Trend Both MAs turning red
- Mixed Trend, 1 green 1 red MA
Helpful Hints:
Look for bullish areas when both MAs turn green after a sustained downtrend
Look for bearish areas when both MAs turn red
Careful in areas of orange bars, this could be a consolidation or a warning to a potential trend direction change.
Switch up your timeframes, I toggle back and forth between 1 and 2 days.
Stretch your timeframe over a lower time frame; for example, I like the 8 and 16 daily WMA. With most securities I get 16 bars with pre and post market. This translates into 128 and 256 MAs on the hourly chart. This slows down moves and color transitions for better manageability.
Author's Subjective Observations
I like the 128/256 WMA on the hourly charts for leveraged and inverse ETFs such as SPXL/SPXS, TQQQ/SQQQ, TNA/TZA. Or even the volatility ETFs/ETNS: UVXY, VXX.
Here is a one-hour chart example:
I have noticed that as volatility increases, I should begin looking at higher timeframes. This seems counterintuitive, but higher volatility increases the level of noise or swings.
I question myself when I short a green bar or buy a red bar; "Why am I doing this?" The colors help me visually stay on the right side of trend. If I am going to speculate on a market turn, at least do it when the bars are orange (MA trends differ)
My last observation is a 2-day chart of leveraged ETFs with the 8 and 16 WMAs. I frequently trade SPXL, FNGA, and TNA. If you are really dissecting this indicator,
look at a few 2-day charts. 2-day charts seem to catch the major swings nicely up and down. They also weed out the daily sudden big swings such as a panic move from economic data
or tweets. When both the MAs turn red on a 2-day chart the same day or same bar, beware; this could be a rough ride or short opportunity. I found weekly charts too long for my style but good
to review for direction. Less decisions on longer charts equate to less brain damage for myself.
These are just my thoughts, of course you do you and what suits your style best! Happy Trading.
[blackcat] L3 Ichimoku FusionCOMPREHENSIVE ANALYSIS OF THE L3 ICHIMOKU FUSION INDICATOR
🌐 Overview:
The L3 Ichimoku Fusion is a sophisticated multi-layered technical analysis tool integrating classic Japanese market forecasting techniques with enhanced dynamic elements designed specifically for identifying potential turning points in financial instruments' pricing action.
Key Purpose:
To provide traders with an intuitive yet powerful framework combining established ichimoku principles while incorporating additional validation checkpoints derived from cross-timeframe convergence studies.
THEORETICAL FOUNDATION EXPLAINED
🎓 Conceptual Background:
:
• Conversion & Base Lines tracking intermediate term averages
• Lagging Span providing delayed feedback mechanism
• Lead Spans projecting future equilibrium states
:
• Adaptive parameter scaling options
• Automated labeling system for critical junctures
• Real-time alert infrastructure enabling immediate response capability
PARAMETER CONFIGURATION GUIDE
⚙️ Input Parameters Explained In Detail:
Regional Setting Selection:**
→ Oriental Configuration: Standardized approach emphasizing slower oscillation cycles
→ Occidental Variation: Optimized settings reducing lag characteristics typical of original methodology
Multiplier Adjustment Functionality:**
↔ Allows fine-graining oscillator responsiveness without altering core relationship dynamics
↕ Enables adaptation to various instrument volatility profiles efficiently
Displacement Value Control:**
↓ Controls lead/lag offset positioning relative to current prices
↑ Provides flexibility in adjusting visual representation alignment preferences
DYNAMIC CALCULATION PROCESSES
💻 Algorithmic Foundation:
:
Utilizes highest/lowest extremes over specified lookback windows
Produces more responsive conversions compared to simple MAs
:
→ Confirms directional bias across multiple independent criteria
← Ensures higher probability outcomes reduce random noise influence
:
♾ Creates persistent annotations documenting significant events
🔄 Handles complex state transitions maintaining historical record integrity
VISUALIZATION COMPONENTS OVERVIEW
🎨 Display Architecture Details:
:
→ Solid colored trendlines representing conversion/base relationships
↑ Fill effect overlay differentiating expansion/compression phases
↔ Offset spans positioned according to calculated displacement values
:
→ Green shading indicates positive configuration scenarios
↘ Red filling highlights negative arrangement situations
⟳ Orange transition areas mark transitional periods requiring caution
:
✔️ LE: Long Entry opportunity confirmed
❌ SE: Short Setup validated
☑ XL/XS: Position closure triggers active
✓ RL/RS: Potential re-entry chances emerging
STRATEGIC APPLICATION FRAMEWORK
📋 Practical Deployment Guidelines:
Initial Integration Phase:
Select appropriate timeframe matching trading horizon preference
Configure input parameters aligning with target asset behavior traits
Test thoroughly under simulated conditions prior to live usage
Active Monitoring Procedures:
• Regular observation of cloud formation evolution
• Tracking label placements against actual price movements
• Noting pattern development leading up to signaled entry/exit moments
Decision Making Process Flowchart:
→ Identify clear breakout/crossover events exceeding confirmation thresholds
← Evaluate contextual factors supporting/rejecting indicated direction
↑ Execute trades only after achieving required number of confirming inputs
PERFORMANCE OPTIMIZATION TECHNIQUES
🚀 Refinement Strategies:
Calibration Optimization Approach:
→ Start testing with default suggested configurations
↓ Gradually adjust individual components observing outcome changes
↑ Document findings systematically building personalized version profile
Context Adaptability Methods:
➕ Add supplementary indicators enhancing overall reliability
➖ Remove unnecessary complexity layers if causing confusion
✨ Incorporate custom rules adapting to specific security behaviors
Efficiency Improvement Tactics:
🔧 Streamline redundant processing routines where possible
♻️ Leverage shared data streams whenever feasible
⚡ Optimize refresh frequencies balancing update speed vs computational load
RISK MITIGATION PROTOCOLS
🛡️ Safety Measures Implementation Guide:
Position Sizing Principles:
∅ Never exceed preset maximum exposure limits defined by risk tolerance
± Scale positions proportionally per account size/market capitalization
× Include slippage allowances within planning stages accounting for liquidity variations
Validation Requirements Hierarchy:
☐ Verify signals meet minimum number of concurrent validations
⛔ Ignore isolated occurrences lacking adequate evidence backing
▶ Look for convergent evidence strengthening conviction level
Emergency Response Planning:
↩ Establish predefined exit strategies including trailing stops mechanisms
🌀 Plan worst-case scenario responses ahead avoiding panic reactions
⇄ Maintain contingency plans addressing unexpected adverse developments
USER EXPERIENCE ENHANCEMENT FEATURES
🌟 Additional Utility Functions:
Alert System Infrastructure:
→ Automatic notifications delivered directly to user devices
↑ Message content customized explaining triggered condition specifics
↔ Timing optimization ensuring minimal missed opportunities due to latency issues
Historical Review Capability:
→ Ability to analyze past performance retrospectively
↓ Assess effectiveness across varying market regimes objectively
↗ Generate statistics measuring success/failure rates quantitatively
Community Collaboration Support:
↪ Share personal optimizations benefiting wider trader community
↔ Exchange experiences improving collective understanding base
✍️ Provide constructive feedback aiding ongoing refinement process
CONCLUSION AND NEXT STEPS
This comprehensive guide serves as your roadmap toward mastering the capabilities offered by the L3 Ichimoku Fusion indicator effectively. Success relies heavily on disciplined application combined with continuous learning and adjustment processes throughout implementation journey.
Wishing you prosperous trading endeavors! 👋💰
LinReg Heikin Ashi CandlesLinear Regression Heikin Ashi Candles will dramatically change how the candlesticks on your chart will appear. This script creates Heikin Ashi candles from the existing candlesticks and then applies wickless Linear Regression candles as an overlay. The result is an ultra smoothed 'Renko-like' chart that remains time-based and responsive.
Key Features:
Heikin Ashi Base: Provides a smoother representation of price trends by filtering out noise.
Linear Regression Candles on Heikin Ashi: Plots Linear Regression lines as candles on the Heikin Ashi chart, potentially highlighting the immediate trend direction and momentum within the smoothed data. Wicks are intentionally removed for a clearer focus on the linear progression.
Tillson T3 Moving Averages: Includes fast and slow T3 Moving Averages with customizable length and alpha. These smoothed moving averages can help identify trend direction and potential crossover signals. Users can toggle their visibility.
Volatility Bands: Integrates Volatility Bands based on Average True Range (ATR) with customizable length, ATR type (RMA, SMA, EMA, WMA), and inner/outer multipliers. These bands help gauge price volatility and potential reversal zones. Users can toggle the visibility of the basis line.
Customizable Colors: Allows users to customize the colors of the Linear Regression Heikin Ashi bullish and bearish candles.
How to Use:
This is an overlay on your chart so you'll need to 'hide' the existing candlesticks on your chart.
This indicator can be used on any timeframe from seconds to days to quickly identify market trend, gauge volatility, and potentially find entry/exit points. Consider looking for confluence between the candle color/direction, T3 MA crossovers, and price interaction with the Volatility Bands.
Note: This indicator plots Linear Regression directly on Heikin Ashi candles, removing wicks for a focus on the linear trend within the smoothed data. Adjust the input parameters to suit your trading style and the specific market conditions.
HUGE CREDIT to ugurvu who originally created the Linear Regression Candles indicator that my indicator pulls code from.
XAUUSD Multi-Timeframe Trend AnalyzerOverview
The "XAUUSD Multi-Timeframe Trend Analyzer" is an advanced script designed to provide a comprehensive analysis of the XAUUSD (Gold/US Dollar) trend across multiple timeframes simultaneously. By combining several key technical indicators, this tool helps traders quickly assess the market direction and trend strength for M15, M30, H1, H4, and D1 timeframes.
Multi-Timeframe Analysis: Displays the trend direction and strength across M15, M30, H1, H4, and D1 timeframes, allowing for a complete overview in a single glance.
Comprehensive Indicator Blend: Utilizes six popular technical indicators to determine the trend—Moving Averages, RSI, MACD, Bollinger Bands, DMI, and Parabolic SAR.
Trend Strength Scoring: Provides a numerical trend strength score (from -6 to 6) based on the alignment of the indicators, with positive values indicating uptrends and negative values for downtrends.
Visual Table Display: Displays results in a color-coded table (green for uptrend, red for downtrend, yellow for neutral) with a strength score for each timeframe, helping traders quickly assess market conditions.
How It Works
This script calculates the overall trend and its strength for each selected timeframe by analyzing six widely-used technical indicators:
Moving Averages (MA): The script uses a Fast and a Slow Moving Average. When the Fast MA crosses above the Slow MA, it indicates an uptrend. When the Fast MA crosses below, it signals a downtrend.
Relative Strength Index (RSI): The RSI is used to assess momentum. An RSI value above 50 suggests bullish momentum, while a value below 50 suggests bearish momentum.
Moving Average Convergence Divergence (MACD): MACD measures momentum and trend direction. When the MACD line crosses above the signal line, it signals bullish momentum; when it crosses below, it signals bearish momentum.
Bollinger Bands: These measure price volatility. When the price is above the middle Bollinger Band, the script considers the trend to be bullish, and when it's below, bearish.
Directional Movement Index (DMI): The DMI compares positive directional movement (DI+) and negative directional movement (DI-). A stronger DI+ over DI- signals an uptrend and vice versa.
Parabolic SAR: This indicator is used for determining potential trend reversals and setting stop-loss levels. If the price is above the Parabolic SAR, it indicates an uptrend, and if below, a downtrend.
Trend Strength Calculation
The script calculates a trend strength score for each timeframe:
Each indicator adds or subtracts 1 to the score based on whether it aligns with an uptrend or a downtrend.
A score of 6 indicates a Strong Uptrend, with all indicators aligned bullishly.
A score of -6 indicates a Strong Downtrend, with all indicators aligned bearishly.
Intermediate scores (e.g., 2 or -2) indicate Weak Uptrend or Weak Downtrend, suggesting that not all indicators are in agreement.
A score between 1 and -1 indicates a Neutral trend, suggesting uncertainty in the market.
How to Use
Assess Trend Direction and Strength: The table provides an easy-to-read summary of the trend and its strength on different timeframes. Look for timeframes where the strength is high (either 6 for a strong uptrend or -6 for a strong downtrend) to confirm the market’s overall direction.
Use in Conjunction with Other Strategies: This indicator is designed to provide a comprehensive view of the market. Traders should combine it with other strategies, such as price action analysis or candlestick patterns, to further confirm their trades.
Trend Reversal or Continuation: A weak trend (e.g., a strength of 2 or -2) could signal a possible reversal or a trend that has lost momentum. Strong trends (with a strength of 6 or -6) indicate higher confidence in trend continuation.
Multiple Timeframe Confirmation: Look for alignment across multiple timeframes to confirm the strength and direction of the trend before entering trades. For example, if M15, M30, and H1 are all showing a strong uptrend, it suggests a higher probability of the trend continuing.
Customization Options
- Adjustable Indicators: Users can modify the length and parameters of the Moving Averages, RSI, MACD, Bollinger Bands, DMI, and Parabolic SAR to suit their trading style.
- Flexible Timeframes: You can toggle between different timeframes (M15, M30, H1, H4, D1) to focus on the intervals most relevant to your strategy.
Ideal For
- Traders looking for a detailed, multi-timeframe trend analysis tool for XAUUSD.
- Traders who rely on trend-following strategies and need confirmation across multiple timeframes.
- Those who prefer a multi-indicator approach to avoid false signals and improve the accuracy of their trades.
Disclaimer
This indicator is for informational and educational purposes only. It is recommended to combine this with proper risk management strategies and your own analysis. Past performance does not guarantee future results. Always perform your own due diligence before making trading decisions.
RSI with Swing Trade by Kelvin_VAlgorithm Description: "RSI with Swing Trade by Kelvin_V"
1. Introduction:
This algorithm uses the RSI (Relative Strength Index) and optional Moving Averages (MA) to detect potential uptrends and downtrends in the market. The key feature of this script is that it visually changes the candle colors based on the market conditions, making it easier for users to identify potential trend swings or wave patterns.
The strategy offers flexibility by allowing users to enable or disable the MA condition. When the MA condition is enabled, the strategy will confirm trends using two moving averages. When disabled, the strategy will only use RSI to detect potential market swings.
2. Key Features of the Algorithm:
RSI (Relative Strength Index):
The RSI is used to identify potential market turning points based on overbought and oversold conditions.
When the RSI exceeds a predefined upper threshold (e.g., 60), it suggests a potential uptrend.
When the RSI drops below a lower threshold (e.g., 40), it suggests a potential downtrend.
Moving Averages (MA) - Optional:
Two Moving Averages (Short MA and Long MA) are used to confirm trends.
If the Short MA crosses above the Long MA, it indicates an uptrend.
If the Short MA crosses below the Long MA, it indicates a downtrend.
Users have the option to enable or disable this MA condition.
Visual Candle Coloring:
Green candles represent a potential uptrend, indicating a bullish move based on RSI (and MA if enabled).
Red candles represent a potential downtrend, indicating a bearish move based on RSI (and MA if enabled).
3. How the Algorithm Works:
RSI Levels:
The user can set RSI upper and lower bands to represent potential overbought and oversold levels. For example:
RSI > 60: Indicates a potential uptrend (bullish move).
RSI < 40: Indicates a potential downtrend (bearish move).
Optional MA Condition:
The algorithm also allows the user to apply the MA condition to further confirm the trend:
Short MA > Long MA: Confirms an uptrend, reinforcing a bullish signal.
Short MA < Long MA: Confirms a downtrend, reinforcing a bearish signal.
This condition can be disabled, allowing the user to focus solely on RSI signals if desired.
Swing Trade Logic:
Uptrend: If the RSI exceeds the upper threshold (e.g., 60) and (optionally) the Short MA is above the Long MA, the candles will turn green to signal a potential uptrend.
Downtrend: If the RSI falls below the lower threshold (e.g., 40) and (optionally) the Short MA is below the Long MA, the candles will turn red to signal a potential downtrend.
Visual Representation:
The candle colors change dynamically based on the RSI values and moving average conditions, making it easier for traders to visually identify potential trend swings or wave patterns without relying on complex chart analysis.
4. User Customization:
The algorithm provides multiple customization options:
RSI Length: Users can adjust the period for RSI calculation (default is 4).
RSI Upper Band (Potential Uptrend): Users can customize the upper RSI level (default is 60) to indicate a potential bullish move.
RSI Lower Band (Potential Downtrend): Users can customize the lower RSI level (default is 40) to indicate a potential bearish move.
MA Type: Users can choose between SMA (Simple Moving Average) and EMA (Exponential Moving Average) for moving average calculations.
Enable/Disable MA Condition: Users can toggle the MA condition on or off, depending on whether they want to add moving averages to the trend confirmation process.
5. Benefits of the Algorithm:
Easy Identification of Trends: By changing candle colors based on RSI and MA conditions, the algorithm makes it easy for users to visually detect potential trend reversals and trend swings.
Flexible Conditions: The user has full control over the RSI and MA settings, allowing them to adapt the strategy to different market conditions and timeframes.
Clear Visualization: With the candle color changes, users can quickly recognize when a potential uptrend or downtrend is forming, enabling faster decision-making in their trading.
6. Example Usage:
Day traders: Can apply this strategy on short timeframes such as 5 minutes or 15 minutes to detect quick trends or reversals.
Swing traders: Can use this strategy on longer timeframes like 1 hour or 4 hours to identify and follow larger market swings.
