Introducing the Ultimate Balance Oscillator: A Powerful Trading Indicator Built upon the renowned Rate of Change (ROC), Relative Strength Index (RSI), Commodity Channel Index (CCI), Williams Percent Range, and Average Directional Index (ADX) from TradingView, this indicator equips traders with an unparalleled understanding of market dynamics. What sets the...
This script is primarily intended as a scalping tool. The theory of the tool is based on the fact that the price always returns to its mean. Elements used: 1. VWMA as a moving average. VWMA is calculated once based on source close and once based on source open. 2. the bands are not calculated like the Bollinger Band, but only a settlement is calculated for...
The Smoothed Relative Strength Indicator (not RSI) with Multi-Timeframe Support is a custom indicator that combines the concepts of Relative Strength (not RSI) and Money Flow Index (MFI) to create a smoothed trend-following tool. It works on any timeframe and adapts to different market conditions. Key Features: Multi-timeframe support: [ The script uses the...
The Ruthless Support and Resistance Conformation (SRC) indicator is designed to identify and confirm support and resistance levels in the price chart. It utilizes an exponential moving average (EMA) and calculates the angle between the current EMA value and a previous EMA value over a specified length. The indicator visually represents the conformation of support...
The indicator combines multiple technical indicators and conditions to generate buy and sell signals. Here's how the indicator works and how to use it: Strategy Selection: The indicator provides a dropdown menu to choose the type of strategy. The available options are "Pullback" and "Simple." Supertrend Settings: The Supertrend indicator is used to identify...
The Pine Script "Planetary Tunings Moving Averages" is a unique tool that plots moving averages (MAs) on a chart, representing the wavelengths of different planets as derived from the book Quadrivium. These wavelengths, also referred to as 'planetary tunings', are related to the orbital resonance of each planet. Each planetary tuning value is first transformed...
Today we introducing the Moving Average Trend Sniper (MATS), a unique and powerful multi faceted tool. This moving average is designed to adapt to the ever-changing market conditions. MATS provides the ideal solution for traders looking to capitalize on market trends while accurately identifying support and resistance levels. Why MATS? MATS was developed with...
Screener version of MavilimW Moving Average : Short-Term Examples (by decreasing 3 and 5 default values to have trading signals from color changes) BUY when MavilimW turns blue from red. SELL when MavW turns red from blue. Long-Term Examples (with Default values 3 and 5) BUY when the price crosses over the MavilimW line SELL when the price crosses below...
The "3 Fib EMAs To Scalp Them All" was made in order to clear up when we should look for shorts, longs, or walk away. Also it can alert you when a trend starts, or when there is a possible reversal. I use it for scalping/day trading in 5m-1h timeframes. 1. EMAs: By default, the indicator uses Fibonacci numbers (21, 55, 233), but you can change them. 2. Color...
Certainly! Here's a description of the code: This Pine Script code is designed to plot Exponential Moving Averages (EMAs) on a chart and generate buy/sell signals based on specific conditions. The code includes a filter to reduce false signals by considering the trend of the EMA 200. The key components of the code are as follows: 1. Input Variables: The code...
As we transition from a bear market to a more positive market sentiment, many equities are starting to rise above the 200-day Exponential Moving Average (EMA) and experience significant price increases solely based on this technical factor. Here is a good example with NYSE:AMC : This indicator is designed to help you predict the future crossover point by...
This indicator produces a conditional moving average based off of your chosen inputs. For example, you can create an EMA that only takes into account closing prices when the 14 period RSI is greater than 50, or a VWMA that tracks hl2 values when the hl2 value is within one standard deviation from the mean. The possibilities are highly configurable to your liking....
The indicator is called "Super Secret 200 EMA." It combines two technical indicators, the Supertrend and the 200 Exponential Moving Average (EMA), to generate buy and sell opportunities in a trading chart. Here's how the indicator works and how you can use it: Supertrend Calculation: The Supertrend indicator helps identify the current trend in the market. It...
Now with adjustable settings! Description: The Multi-Indicator Confluence Signals (MICS) is a comprehensive trading tool designed to simplify the process of analyzing multiple technical indicators and uncluttering your screen! You are able to select various pre-existing indicators, including Stochastic, RSI, MACD, EMA, DMI, Bollinger Band and a our very own...
The "Output7" indicator is designed to guide traders in identifying potential buy and sell signals. This is achieved through the calculation of a custom indicator named `output7` and its derived moving averages. `output7` is defined as `c_1 - c_20 * (ohlcSq / hlSq)`. Here, `ohlcSq` stands for the square of the average of open, high, low, and close prices, while...
The Custom VWAP EMA (Volume-Weighted Average Price Exponential Moving Average) indicator is a powerful tool developed by Vedic Trading to provide traders with valuable insights into market trends and potential reversals. This indicator combines two key elements: the VWAP and the 37 EMA, along with a color-changing feature, to enhance trading decisions. The VWAP...
This line calculates the exponential moving average (EMA) of the product of the close price and volume, divided by the EMA of the volume. The EMA is calculated over a period of 4 bars. This line calculates the difference between the value of a1 and the volume-weighted moving average (VWMA) of the close price. The VWMA is calculated over a period of 8 bars. This...
The name RAM originated because of three popular technical indicators Relative Strength Index (RSI), Average True Range (ATR), and Moving average convergence/divergence were used all together to create three conditions individually first and once all three conditions meet at once then we considered a potential opportunity either for buy or sell and produce...