Common moving averages used are included in the script. Customize them as per your wishes.
MA's set as default are
50 EMA , SMA
100 EMA , SMA
200 EMA , SMA
Please favorite it if you like it! Thanks!
A tool to calculate the average price and position size.
The "Risk Amount" input means the amount of dollars you lose if the trade gets stopped out (it should be based on a small percentage of your account).
- If you use the weights to calculate an average price, make sure it adds up to 100% in total or you will get a weird number.
- Keep an eye on the...
This is a deviation scaled moving average original designed by John Ehlers. It is a new adaptive moving average that has the ability to rapidly adapt to volatility in price movement with minimal lag. Because it is so smooth and adapts to the volatility of the market it is by far a really great tool for spotting trend changes
This script will tell you the following:
• Average length of all the candles (wick to wick) for the last 20 candles
-- shown in blue
• Average length of bull (green) candles (wick to wick) for the last 20 candles
-- shown in green
• Average length of bear (red) candles (wick to wick) for the last 20 candles
-- shown in...
When starting my daily analysis, I typically open a daily chart and check where the price is compared to several SMAs, as well as check the high/low of today and the 10-day high/low. This indicator was designed to save chart space as well as make finding the highs and lows more efficient. Everything is adjustable, so you don't have to stick with my 10-bar rule.
This script is for a triple moving average indicator where the user can select from different types of moving averages. It is meant as an educational script with well formatted styling, and references for specific functions.
The alpha parameter of this moving average decreases with every new bar on the chart, so it will become more slowly and slowly in course of time. Can act like additional support/resistance line but works in an acceptable way on weekly and monthly timeframes only.
This is a full-fledged implementation of a system presented in an unique research paper 'Profitability of Candlestick Charting Patterns in the Stock Exchange of Thailand' (2017) on candlestick charting, candlestick patterns, trend identification methods, and testing.
You can easily find this paper in the Web. For example, visit:...