This is a simple scalping strategy that works for all time frames... I have only tested it on FOREX It works by checking if the price is currently in an uptrend and if it crosses the 20 EMA . If it crosses the 20 EMA and its in and uptrend it will post a BUY SIGNAL. If it crosses the 20 EMA and its in and down it will post a SELL SIGNAL. The red line is the...
Script is extended version of usual RSI script This script plots VWMA(RSI7) vs EMA(RSI7) under pre-set time frame. Strategy is to make sure both points remain in the Green zone while entering into BUY position Use it as indicator not as financial advice. ~ @imbharat
Dear Traders, Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script. This is just a logic based script...
The McNamara's Tally was created by Nolan McNamara (Stocks and Commodities Feb 2022 pgs 44-45) and this aims to fix the issues with both the On Balance Volume and the Accumulation/Distribution Line by using a variation of Wilder's True Range to keep track of volume flow to better differentiate between bullish volume and bearish volume. I added a signal line to...
Trading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are...
This is a script that is helpful if you use review dorks (youtube) 13/48 Crossover strategy. According to him when the 13 EMA crosses the 48 EMA it would theoretically be a good entry for options. See the video at review dorks official youtube channel. I also included the 30 and 200 EMAs as he suggests in the video as points of reference. There are currently no...
Standard Bollinger Bands (timeframe dependent), period and standard deviation are configurable. And standard daily triple EMA (timeframe independent). Short, Medium and Long periods are configurable (50/100/200 by default)
HAMA (Heiken-Ashi Moving Average) Candles are built using different moving average lengths for the open, high, low, and close. Those levels are then run through the Heiken-Ashi Candle formula to create a new hybrid candle on the chart. There is an additional Moving Average plotted as well for overall direction. This may be used best for identifying trending...
This indicator depends on the trend. You must first determine the general trend and then wait for the signals that indicate buying in the bullish direction and the signals that indicate selling in the bearish direction, which is the green signal is considered buying and the red signal is considered selling Also, this indicator differs from the rest of the...
super basic, % deviations around an EMA will update later published so i dont have to type this up everytime i open a chart
This moving average indicator is used to plot either EMA or SMA as per users choice. User also has the options to choose different type of sources for each of the moving average lines like high, low, close etc. Again, flexibility is added to plot moving averages of different timeframe than the current timeframe of the chart. By doing so in daily chart user can...
// Indicator Features: // 1) 3 Exponential Moving Averages and 3 Simple Moving Averages. // 2) Additional EMA input for colored candles(EMA is hidden from chart, input used for coloring of candles only) // 3) Turn colored candles on/off from main input tab of indicator settings. // 4) Turn SMA's and EMA's on/off from main input tab of indicator...
Script showing up to 5 different Moving Averages of a Higher Timeframe. User can select the MA type (EMA or SMA) and its length. Default are 10, 20, 50, 100 and 200 period SMAs. The script will also plot optional labels with price display. All plots and color are configurable.
This is a simple script with EMA 5/10/150/200. You can also change the source code and set the desired values of the EMA indicator.
Short hand notes - I made this for friend and I. Unsure how to share it with him so made it public. u/ tmyerskerry for the math on slope and look back period (look back period isn't perfect for slope calculation as 200ma is slow moving so some signals are goign to be strong instead of weak and visa versa. If you know a better way than i'm all ears! Can set...
This is a indicator to plot moving averages. User has the option to choose whether to plot SMA (simple moving average) or EMA (exponential moving average). Length of the averages also can be changed by user. The main feature also is use of different source for different length of MAs. Like you can plot 9SMA High with 20EMA Close etc. So, you can plot different...
New multi-indicator to merge together three of the most popular indicators used by traders in technical analysis: 1) Ichimoku Cloud, with parameters editable by the trader. Default parameters are: 9-26-52-26 2) 3X Simple Moving Average (SMA), with periods editable by the trader. Default periods are: 20-50-200 3) 3X Exponential Moving Average (EMA), with periods...
10X Moving Averages into 1 indicator - This is the updated V5 for PineScript 5 This moving average indicator lets you quickly visualize what is happening with the price. Color-coded for easy visualization of all 10 MAs at the same time. Fill in colors that let you see expansion and contraction between MAs and also if MAs are above or under each other plus if...