Level: 1 NOTE: This is a request by @upslidedown to backtest %R Trend Exhaustion by upslidedown with my Sextan framework. You can backtest many of my indicators in minutes now! Of course,you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it would not...
Level: 1 NOTE: This is a request by @upslidedown to backtest Supertrend - Ladder ATR by HeWhoMustNotBeNamed with my Sextan framework. You can backtest many of my indicators in minutes now! Of course,you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it...
Level: 1 NOTE: This is ONLY an EXAMPLE on HOW-TO produce a customized "{Sextan} PINEv4 Sextans Backtest Framework" intput signal with "(blackcat) L2 Reversal Labels", and you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it would not produce any...
Level: 3 Background Developed by M. H. Pee, the Trend Continuation Factor aims to help traders identify whether the market is trending, and, in case it is, in what direction it is headed. It can be used in any time frame, with every currency pair and is suitable for beginner traders. Function The indicator is comprised of two lines, namely the PlusTCF and...
Level: 2 Background Veronique Valcu's article "Z-Score Indicator" in Feb,2003 provided a description and commentary on a new method of displaying directional change normalized in terms of standard deviation. This indicator is realized in pine script here by using the following function code, adding vwap function, called vwap ZScore. Function This indicator has...
Level: 1 NOTE: This is a request by @scantor516 to backtest B-Xtrender @PuppyTherapy by QuantTherapy with my Sextan framework. You can backtest many of my indicators in minutes now! Of course,you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it would not...
Level: 1 NOTE: This is a request by @scantor516 to backtest T-Step LSMA by alexgrover with my Sextan framework. You can backtest many of my indicators in minutes now! Of course,you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it would not produce any...
Level: 1 Background Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend. Function Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal. You can adjust parameters to fit for your trading pair and use it and...
Level: 2 Background @pips_v1 has proposed an interesting idea that is it possible to code an "Adaptive Jon Andersen R-Squared Indicator" where the length is determined by DCPeriod as calculated in Ehlers Sine Wave Indicator? I agree with him and starting to construct this indicator. After a study, I found "(blackcat) L2 Ehlers Autocorrelation Periodogram"...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background The Triple Exponential Moving Average (TRIX) indicator is a strong technical analysis tool. It can help...
Level:1 Background Go long through the buy and sell tags, and determine the size of the buy position by observing the density of the dark cloud or the thickness of the dark cloud. Function This is a buying and selling system that strives for simplicity and clarity, and position control is determined by the trend. The dark cloud here is the standard of this...
Level: 1 Background M.H. Pee developed the Trend intensity index (TII) indicator to measure the strength of a trend in the market. Function In this pine script, it uses the current 55-bar moving average for the measurements. TII looks at the proportion of prices of prior 34 bars being above or below today’s 55-bar moving average. The purpose of the TII...
Level: 1 NOTE1: As requested, this is a multiple time frame(MTF) version of input signal source, which enable you to backtest any indicator/strategy MTF with "{Sextan} PINEv4 Sextans Backtest Framework". Courtesy of cheatcountry for his request.security() wrapper in PINE v5 to avoid repainting caused by request.security() function. NOTE2: Many request this...
Level: 2 Background Invented by Patrick Lafferty in 1999, a Sine Weighted Moving Average (SWMA) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set. It is therefore very similar to the Triangular Moving Average. Function A sine weighted moving average (Sine-MA)...
Level: 2 Background Among the many indicators, it can be said that DMI is the only "super turning" indicator. This indicator can alone send out risk warning signals when extreme market conditions occur in the stock market, helping us to solve some problems. If we can operate according to the instructions of DMI, firstly, we can avoid the mistake of buying stocks...
Level: 1 Background Joe Sharp propsed a "More Responsive Moving Averages (MMA)" in Jan, 2000. He describes a modified moving average that greatly diminishes the lag that is typically associated with moving averages. With the formula described in the article, the moving average line is more responsive to changes in the price action. Function An MMA indicator...
Level: 1 Background In Muranaka's article, "Ichimoku Cloud" was described. It contains Ichimoku - Lines and Ichimoku - Cloud. Function In the article, Muranaka states that the "market has improved when the delayed line is above the closing prices at that past date." Thus, for this indicator, when the delayed line is above the closing prices at the past date,...
Level: 3 Background The directional movement index (DMI) is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI). An optional...