The close strength line shows how much the strength in the current up/down trend actually present. We calculate it by difference between High-Low and the way it moves with respect to Close moving averages. You can change intervals from settings. Use this in combination with any other moving average indicator e.g. EMA 13 when Close line is below other...
Just one more simple and useless Oscilator based on EMA. I've used Standard Deviation of (close - ema) to show overheated zones.
The Script plots 4 Moving averages. 1. Short Moving Average 2. Medium Moving Average 2. Trend Bias (Usually a much slower Moving Average) - Plots in Green when price action is above the line and Red for when price action is below the line. 3. Alerts are triggered when the short MA/ EMA turns. Can be used for Early Entry signals and Exits. 4. Alerts are triggered...
The script highlight point of interest for investors using EMA, RSI and a bit of criticism. The script is built to be used on a weekly timeframe When RSI is bellow 35 it can be interesting to invest in BTC, on the opposite when it is above 80 can be where to take a bit of profits. Also using EMA to flow with the power of the trend or change your bias depending on...
█ OVERVIEW TASC's March 2022 edition of Traders' Tips includes the "Relative Strength Moving Averages - Part 3: The Relative Strength Volatility-Adjusted Exponential Moving Average" article authored by Vitali Apirine. This is the code that implements the "RS VolatAdj EMA" from the article. █ CONCEPTS In a three-part article series, Vitaly Apirine...
This indicator shows us if the price is moving up or down based on the 20MA of the 20MA. If the line is green then this indicates that the price is moving up, and if red the price is moving down. How to use: Not applicable here because its all about the 20MA. Markets: It can be used to all markets.
█ OVERVIEW This Indicator calculates the EMA 9/20 and the RSI with its SMA on multiple timeframes and indicates their crossings. In addition this script alerts the user when crossings appear. █ USAGE Use the checkboxes to activate different timeframes. With the dropdown menu you can select the timeframe in minutes. Furthermroie use the checkboxes to activate...
The Ergodic Mean Deviation Indicator was created by William Blau and this is a hidden gem that takes the difference between the current price and it's exponential moving average and then double smooths the result to create this indicator. This double smoothing of course creates a lag that allows it to give off a sustained buy signal during a bullish trend and vice...
EMA-Xs works mostly on Forex due to the small prices and price fluctuations. It does work on Gold, oddly enough, and some others like UKX 100...but mostly on forex. It doesn't work as well on JPY pairs but occasionally does; the JPY pairs give less signals, but when a JPY pair gives a signal, its a high probability setup. Another script EMA-XL works better on the...
Display up to 4 distance from EMA levels, by default it's based on the 5m timeframe.
The indicator plots directional arrows on top of the chart to visualize the market's price trend. The plots are based on candle closing below all three multitimeframe EMAs, downtrend, when the EMAs are also in order (1 below 2 and 2 below 3). Opposite situation is uptrend. It also marks a breakdown when the price closes under the third (supposedly always the...
NOTE: Indicator based strategies may expire and begin to work again. There are various ways to check the expiration of these strategies but I suggest equity curve trading (EC trading) as the best one. Please check every single indicator based strategy to see if it’s still profitable or it has been expired to avoid losses. Principles: I personally believe every...
The Median Average Adaptive Filter was created by John Ehlers and this is another in my current series of undiscovered gems. I'm sure you are all saying but Franklin, Ehlers doesn't have any undiscovered gems but in this case you would be wrong. This was actually an indicator so buried on the internet that I had to use the wayback machine to find the original...
Advantage RSI Predictor reverses the calculation of Relative Strength Index. Once the bar ends, this indicator calculates the price that needs to be reached (next bar) for RSI to move to a certain level. The indicator is plotted over price to show support and resistance zones based on RSI settings defined by user. What do I see? upper and lower (red) lines...
This indicator combines some of the commonly used moving averages, VWAP, and TICK sentiment, all of which are useful for all types of trading By default, this indicator includes: - 21/50/100/200 period smoothed simple moving average - great for determining trends - also act as support / resistance line for price - 9 period exponential...
This script uses the 5, 8, 13, 21, 34 low, 34 close, 34 high, and 55 EMAs in comparison to each other to gauge momentum and trend strength for the current ticker. Additionally, it provides the ability to compare to 3 additional tickers at the same time (Uncheck boxes in settings to hide if desired). For the Super Trend Row darker colors are more bearish than...
4 separate EMAs that are used to determine trend, colored appropriately to reflect the trend to make it easy to tell what the trend is. All 4 EMAs are not needed, you can turn each one on and off individually and the indicator will adjust itself accordingly. Having a single EMA will use the closing price to determine the trend. There are 2 different types of trend...
This is a variety of RSI based on the distance from the MA. It calculates the difference between price and a user defined EMA, then it calculates the RSI for the values obtained. I find it more reactive and at the same time more adjustable thatn normal RSI. It also shows divergences.