EP Prism Indicator

It shows a total of 9 moving averages, which gives a clear idea of the long and short term trend.


Colors the fund according to long and short term trends, based on data from other indicators: EP Change Index, EP Zenith, EP MA Diff and the position of the moving averages.

You can configure which patterns to paint and also modify the transparency of the colors.

The combination of correction (orange) followed by valley (green) during an uptrend is usually very effective, but there are other patterns that can put you on notice of good purchases.


If you like this indicator, use the link below or send me a request for a free 30-day trial.

版本注释:

It shows a total of 9 moving averages, which gives a clear idea of ​​the long and short term trend.

Colors the fund according to long and short term trends, based on data from other indicators: EP Change Index, EP Zenith, EP Elephant and the position of the moving averages.

You can configure which patterns to paint and also modify the transparency of the colors.

The combination of correction (orange) followed by valley (green) during an uptrend is usually very effective, but there are other patterns that can put you on notice of good purchases.

Version 2:

• The colored areas of interest have been modified
  The areas between the means have been colored according to the prevailing trend. During a bullish current, correction zones are marked
  Alerts have been added in the areas of possible purchase.
  Buy 1. Try to pinpoint the best buy after a major correction.
  Buy 2. try to catch the first moments of the beginning of an uptrend.
  Buy 3 / Buy 4. They try to mark the buy after a correction within an uptrend.
  The ability to schedule TradingView alerts for all alerts or a specific purchase type has been added.
  Add Alert-> in EP-Prism Indicator -> All Alerts Line ** Greater than ** EP-Prism Indicator -> Zero Line
  To schedule individual alerts, replace All Alerts Line with Alert 1 Line, or Alert 2 Line, etc.
  

版本注释:

Chart update

版本注释:

EP Prism is an indicator based on moving averages, but it also takes into account the position of other indicators, such as EP Zenith, EP Elephant or EP Keeper, coloring its background to show certain situations that appear in these indicators.

EP Prism displays buy and sell alerts, configurable for the most common TimeFrames. This allows its effectiveness to be consistent on any chart, even minute or second charts.

It also shows 10 averages, equally configurable. By default, it shows averages of 9,21,50,70,100,150,300,400,600 and 2500 periods, which allows us to have an overview of the price trend in the short, medium and long term.

What do its colors mean?
1.- Long-term trend.
Color light green when the trend is bullish, and light red when it is bearish. We can choose whether or not to show these background colors.

2.- Short-term trends.
During an uptrend, we can see orange colors in the background, indicating a correction. Often they are followed by a green or blue area, trying to show the end of that correction. During the start of a trend, these are usually good entry times.

The purple colors correspond to the presence of a "fang" pattern on EP Elephant. We will have to take into account the position of this indicator to value a possible entry.

We can choose whether or not to show these colors.

3.- Convergence of long averages.
When the LTC average (600 periods) is below the LTD (2500 periods) and rises approaching it, the space between them is colored cyan. It can be a sign of reversal of a downtrend.

On the contrary, when the LTC average is above the LTD and descends, converging with it, the space between them is colored red, also indicating a possible change in trend.
During an upward trend, small "breaks" in the trend are frequent, producing price corrections, which if deep enough will color the space between these two averages red. We must be attentive to a buy signal in this situation, as it may be the best time to join the trend.

4.- Relative position of the averages.
When the averages are rising in an orderly manner, we can see that the space between the averages is colored green. When the fastest averages fall below the averages of intermediate periods, we will see purple colors, or red if the averages fall in formation and in reverse order, showing a strong fall.



You can create alerts in TradingView based on EP Prisma Buy and/or Sell signals.
Just click on an EP Prisma signal and select "Add Alert in EP Prisma" from the pop-up menu. The alert dialog will appear with the "Buy" signal selected. You can choose "Sell" or "Buy or Sell". It only remains to click on the "Create" button, unless you want to change any of the options.

What's new in version 2.1:

_ The buy and sell signal system has been completely replaced

版本注释:

Changes in version 2.2:
- Background colors have been redefined, they now reflect certain EP Trend HeatMap patterns.
- The parameters of the Buy and Sell signals in some TimeFrames have been adjusted
- Colors can be more easily customized.

版本注释:

EP Prism is characterized by its set of 10 configurable averages, and also by the possibility of coloring its background, which helps to better understand the trend of the asset.
This is a support indicator, which gives us a quick view of the price trend at all times.
The indicator averages are divided into short averages, which quickly follow the price. Long averages, which would show the medium-term trend, and, finally, long duration averages, which show a much longer duration trend.
To operate we will look for the twists of the shortest average, waiting for confirmation of the indicator's color change.
Color changes will also be very useful for closing positions. In addition to the red color, we will take into account sharp price changes, so we will also monitor the dark green areas.