Trendsurfer - A new type of moving average algorithm

2021年5月11日

Using a new type of lag reducing moving average algorithm, this indicator adapts it's sensitivity based on the strength of the trend and the volatility of the asset.
In doing so, signals can be given extremely fast during favorable market conditions. False signals can still appear, so visual confirmation/judgement is required before taking a trade.

The indicator:

Trend Bias Moving average. [Length=200] Thick green and orange line shows us trend bias.
- If the moving average is green, then the average price level is above the moving average = overall bullish conditions.
- As the moving average draws closer to price, or is straight, conditions are changing
- If the moving average is orange, then the average price level is below the moving average = overall bearish conditions.

Dual lag reduced instantaneous moving average. [Thin orange line]
This moving average is adaptive and fast, and will give buy and sell signals on crossover with price (EMA 6).

Buy and sell signals are shown visually using up and down arrow.
IMPORTANT: To filter out false signals, check other MA's like the 50 period hull moving average (dotted plot) for visual confirmation.

Furthermore, Significant support and resistance levels can be found on the right, shown as dotted horizontal lines. The importance of these levels is calculated based on the strength of the support/rejection, the volume, and the amount of times resistance and support was tested.
The location of the nearest moving averages below and above is also included as further potential support and resistance.


What to watch out for a good entry

- Watch for price to break out of the gray zone, and/or successfully retest it for a great entry.


Make your own decisions and never solely rely on a tool that should only be giving you an "indication".

Happy Trading,
MM

2021年5月15日

版本注释

Added the ability to hide details (signals)

2021年5月31日

版本注释

UPDATE

I have added several new settings and features:

• 
  Scalp Mode & Swing Mode
  Macro Bull/Bear Signals
  Lunar Phases: Full Moon / New Moon
  

2021年8月23日

版本注释

Update:

Includes new fibonacci retracement feature, and more settings to play with.

2021年8月23日

版本注释

bug fix on fib retracements

2021年9月22日

版本注释

Update:
I changed the sensitivity and length of the XMA and added a few new visual features:
- Bug Fixes, color changes, Fib retracements

2021年9月24日

版本注释

Update:
Changes to the algorithm, sinsitivity and some visual edits

2021年9月24日

版本注释

Update:
More edits to S&R accuracy, and optional moon cycles

2021年9月24日

版本注释

Highlight movements bug fixed

2024年7月5日

版本注释

Using a special lag reducing moving average algorithm (XMA), this indicator adapts it's sensitivity based on the strength of the trend and the volatility of the asset.
In doing so, signals can be given extremely fast during favorable market conditions. False signals can still appear, so visual confirmation/judgement is required before taking a trade.

The indicator:
This is hands down the best, most versatile indicator on the market. It features a very unique algorithm and is packed with features that fit all timeframes and trading styles.

SWING MODE:

Swing mode shows the trend bias using the XMA, and gives long term buy/sell signals based on this moving average.
- If the moving average is green, then the average price level is above the moving average = overall bullish conditions.
- As the moving average draws closer to price, or is straight, conditions are changing
- If the moving average is orange, then the average price level is below the moving average = overall bearish conditions.

SCALP MODE:

Using a Dual lag reduced instantaneous moving average, the scalp mode provides extremely fast buy and sell signals on crossover with price ( EMA 3 or 9).
Buy and sell signals are shown visually using up and down arrow.

IMPORTANT: To filter out false signals, check other MA's like the 50 period hull moving average (dotted plot) for visual confirmation.
If price is below the dotted MA, trend is weak.


Furthermore, Significant support and resistance levels can be found on the right, shown as dotted horizontal lines. The importance of these levels is calculated based on the strength of the support/rejection, the volume , and the amount of times resistance and support was tested.
The location of the nearest moving averages below and above is also included as further potential support and resistance .

What to watch out for a good entry
- Watch for price to break out of the gray zone, and/or successfully retest it for a great entry.


EXTRAS:

Extras include a fibonacci retracement tool (automatic) and a lunar phase calendar with all full and new moons.

Make your own decisions and never solely rely on a tool that should only be giving you an "indication".

Happy Trading,
MM