1. The script is a trading strategy based on the Williams %R indicator and a 200-period moving average (MA) filter. 2. The user can input the length of the Williams %R indicator (`wrLength`), the threshold for %R crossing (`crossPips`), the take profit level in pips (`takeProfitPips`), and the stop loss level in pips (`stopLossPips`). 3. The script calculates...
The Z-score, also known as the standard score, is a statistical measurement that describes a value's relationship to the mean of a group of values. It's measured in terms of standard deviations from the mean. If a Z-score is 0, it indicates that the data point's score is identical to the mean score. Z-scores may be positive or negative, with a positive value...
Parabolic SAR + EMA 200 + MACD Signals Indicator, a powerful tool designed to help traders identify optimal entry points in the market. This indicator combines three popular technical indicators: Parabolic SAR (Stop and Reverse), EMA200 (Exponential Moving Average 200) and MACD (Moving Average Convergence Divergence) - to provide clear and concise buy and sell...
Variation of the Moving Average Lab that includes Bollinger Bands functionality for any manually created Moving Average. It includes: - Standard Deviations for any MA - Fixed Symmetrical Deviations for any MA that remain at a constant % away from the MA - The same Moving Average creation settings from the Moving Average Lab "The Moving Average Lab...
This indicator is designed to help traders gauge changes in volume dynamics and identify potential shifts in buying or selling pressure. By normalizing the volume rate of change and comparing it to moving averages of itself, it offers valuable insights into market trends and can assist in making informed trading decisions. Calculation: The indicator calculates...
The strategy combines three indicators: Exponential Moving Average (EMA), Weighted Moving Average (WMA), and Average Directional Index (ADX). The EMA and WMA are used to track the average price over different time periods. The ADX measures the strength of a trend in the market. The strategy generates buy signals when the EMA is higher than the WMA and the ADX...
1 . Introduction Hello, traders. This indicator is designed to measure the slope of a moving average line. I imagine many of you who use Pine Script have struggled with this; measuring the slope of a moving average line can be quite challenging. Firstly, this is because while the x-axis is fixed to the 'number of candles', the price scale on the y-axis can...
This script consists of several sections. test it and tell me your concerns. a lot of more works will be done Volume Accumulation : The first part of the script checks for a new 5-minute interval and accumulates the volume of the current interval. It separates the volume into buying volume and selling volume based on whether the closing price is closer to the...
Screener version of Tillson T3 Moving Average: The T3 Moving Average generally produces entry signals similar to other moving averages and, thus, is mainly traded in the same manner. Here are several assumptions: Suppose the price action is above the T3 Moving Average, and the indicator is upward. In that case, we have a bullish trend and should only enter long...
🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF Smoothable RSI Nexus indicator serves as a nexus between smoothable, MTF RSIs by facilitating the visualization and interaction of up to six multi-timeframe RSIs, each with its own customizable timeframe, period,...
This Indicator is a combination of a standard BB indicator incorporated with a SSL Channel by ErwinBeckers which is Simple Moving average with a length of set at 10 (Default) and calculates the high and low set for the default 10 to form a Channel. The Settings for the Bollinger Band is the standard settings on a normal Bollinger Band - Length 20, source close...
Hi Traders ! Just finished my Y2 university finals exams, and thought I would cook up a quick and hopefully useful script. VWAP + Session Average Lines : Volatility Weighted Average Price in the standard case is a trading indicator that measures the average trading price for the user defined period, usually a standard session (D timeframe), & is used by...
The Regularized-MA Oscillator Suite is a versatile indicator that transforms any moving average into an oscillator. It comprises up to 13 different moving average types, including KAMA, T3, and ALMA. This indicator serves as a valuable tool for both trend following and mean reversion strategies, providing traders and investors with enhanced insights into market...
🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF MAs and Crosses Nexus indicator serves as a nexus between MTF Moving Averages by facilitating the visualization and interaction of up to eight multi-timeframe moving averages, each with its own customizable...
Hi everyone! Sorry for not posting anything for so long again. I will be active in July, after passing my university exams. I bought some S&C magazine archives, so await my new post strategies and indicator in July, as things are gonna get real interesting! But for now let me hand you some new and interesting stuff — AFR indicator. Actually, this is my third...
I know, not another EMA indicator, but I promise, I will make it worth your while! About this indicator: This is an EMA indicator, plain and simple. But its ultimate! And its ultimate in the sense that I have made it vastly customizable. I made this indicator as a boring, single line indicator that would allow me to toggle to whichever EMA / SMA I wanted on...
TrendingNow Indicator - An Experimental Study Introduction: The TrendingNow indicator is an experimental study designed to identify trending market conditions and potential trading opportunities. It combines various technical analysis tools and parameters to provide insights into trend direction, momentum, volume, and price reversals. Methodology: The...
This script defines a custom indicator called "Buy Signal Indicator." It calculates the 9-day Exponential Moving Average (EMA) using the ema() function. Then, it checks if the current candle closes above the 9 EMA and the preceding candle also closed above it with higher highs and higher lows. If these conditions are met, a green "BUY" label will be displayed...