Hull MA CloudHULL MA is an established moving average that users can research more, this script is creating a cloud based on 2 hull moving averages. The default values are 9 and 49 for scalping, but can be adjusted based users requirements. I would suggest to tweak the settings to help optimize for your timeframe and commodity.
Cloud
Expanded Cloud [LuxAlgo]The Expanded Cloud tool allows traders to identify and follow trends accurately. It is based on the well-known Donchian Channels, but with enhanced features.
It features a trailing cloud that expands with the price and a trading stats dashboard.
🔶 USAGE
The tool is super easy to use. Traders can identify bigger or smaller trends just by adjusting the length from the settings panel.
Trend identification is based on Donchian Channels. An uptrend is indicated when the cloud is located below the price, while a downtrend is indicated when the cloud is above it.
Dots signal the start of a new trend, and the width of the clouds identifies the strength of the price expansion. The wider the cloud, the bigger the move.
The expanded cloud, due to its visual, can also act as a trailing stop.
🔹 Trend Identification
As we can see in the chart above, different length values identify different trends on the same BTC daily chart. Larger values identify larger trends.
🔹 Cloud Expansion
From the settings panel, traders can adjust how the clouds expand based on the Expansion % parameter. It accepts values from 0 to 100, which controls how much of the expansion is taken into account. Higher values will make the cloud expand and get closer to the price faster.
When the cloud moves opposite to the direction of the indicated trend (e.g: the cloud decreases while being below the price), it is often indicative of the end of a retracement, and we can expect the price to move with the indicated trend.
The chart above shows the effect of different Expansion % values.
🔹 Dashboard
The trading statistics dashboard informs traders of key metrics derived from the tool. The following are notable:
PNL: Theoretical profit or loss from all trends identified by the tool in the right scale units.
EXPECT.: Expected value of each trade. It is derived from win rate and risk-to-reward metrics.
AVG: 1st TOUCH: The average number of bars from the beginning of a new trend until the price touches the cloud for the first time.
🔶 SETTINGS
Length: Length for trend detection
Expansion %: Percentage of price expansion for cloud formation
Source: Source of the data
🔹 Dashboard
Show Dashboard: Enable/disable the statistics dashboard
Location: Dashboard location
Size: Dashboard size
N Bar Reversal Detector [LuxAlgo]The N Bar Reversal Detector is designed to detect and highlight N-bar reversal patterns in user charts, where N represents the length of the candle sequence used to detect the patterns. The script incorporates various trend indicators to filter out detected signals and offers a range of customizable settings to fit different trading strategies.
🔶 USAGE
The N-bar reversal pattern extends the popular 3-bar reversal pattern. While the 3-bar reversal pattern involves identifying a sequence of three bars signaling a potential trend reversal, the N-bar reversal pattern builds on this concept by incorporating additional bars based on user settings. This provides a more comprehensive indication of potential trend reversals. The script automates the identification of these patterns and generates clear, visually distinct signals to highlight potential trend changes.
When a reversal chart pattern is confirmed and aligns with the price action, the pattern's boundaries are extended to create levels. The upper boundary serves as resistance, while the lower boundary acts as support.
The script allows users to filter patterns based on the trend direction identified by various trend indicators. Users can choose to view patterns that align with the detected trend or those that are contrary to it.
🔶 DETAILS
🔹 The N-bar Reversal Pattern
The N-bar reversal pattern is a technical analysis tool designed to signal potential trend reversals in the market. It consists of N consecutive bars, with the first N-1 bars used to identify the prevailing trend and the Nth bar confirming the reversal. Here’s a detailed look at the pattern:
Bullish Reversal : In a bullish reversal setup, the first bar is the highest among the first N-1 bars, indicating a prevailing downtrend. Most of the remaining bars in this sequence should be bearish (closing lower than where they opened), reinforcing the existing downward momentum. The Nth (most recent) bar confirms a bullish reversal if its high price is higher than the high of the first bar in the sequence (standard pattern). For a stronger signal, the closing price of the Nth bar should also be higher than the high of the first bar.
Bearish Reversal : In a bearish reversal setup, the first bar is the lowest among the first N-1 bars, indicating a prevailing uptrend. Most of the remaining bars in this sequence should be bullish (closing higher than where they opened), reinforcing the existing upward momentum. The Nth bar confirms a bearish reversal if its low price is lower than the low of the first bar in the sequence (standard pattern). For a stronger signal, the closing price of the Nth bar should also be lower than the low of the first bar.
🔹 Min Percentage of Required Candles
This parameter specifies the minimum percentage of candles that must be bullish (for a bearish reversal) or bearish (for a bullish reversal) among the first N-1 candles in a pattern. For higher values of N, it becomes more challenging for all of the first N-1 candles to be consistently bullish or bearish. By setting a percentage value, P, users can adjust the requirement so that only a minimum of P percent of the first N-1 candles need to meet the bullish or bearish condition. This allows for greater flexibility in pattern recognition, accommodating variations in market conditions.
🔶 SETTINGS
Pattern Type: Users can choose the type of the N-bar reversal patterns to detect: Normal, Enhanced, or All. "Normal" detects patterns that do not necessarily surpass the high/low of the first bar. "Enhanced" detects patterns where the last bar surpasses the high/low of the first bar. "All" detects both Normal and Enhanced patterns.
Reversal Pattern Sequence Length: Specifies the number of candles (N) in the sequence used to identify a reversal pattern.
Min Percentage of Required Candles: Sets the minimum percentage of the first N-1 candles that must be bullish (for a bearish reversal) or bearish (for a bullish reversal) to qualify as a valid reversal pattern.
Derived Support and Resistance: Toggles the visibility of the support and resistance levels/zones.
🔹 Trend Filtering
Filtering: Allows users to filter patterns based on the trend indicators: Moving Average Cloud, Supertrend, and Donchian Channels. The "Aligned" option only detects patterns that align with the trend and conversely, the "Opposite" option detects patterns that go against the trend.
🔹 Trend Indicator Settings
Moving Average Cloud: Allows traders to choose the type of moving averages (SMA, EMA, HMA, etc.) and set the lengths for fast and slow moving averages.
Supertrend: Options to set the ATR length and factor for Supertrend.
Donchian Channels: Option to set the length for the channel calculation.
🔶 RELATED SCRIPTS
Reversal-Candlestick-Structure.
Reversal-Signals.
Moving averages & clouds
Hi all!
This is a script that lets you have 3 moving averages (of a user defined type) and maybe have an alternative cloud (fill) between them. The cloud can be customized and turned on/off in the "style" tab for the indicator.
Alerts can be configured to fire on up/down/all crosses and are activated when the whole candle has crossed the morning average.
A higher time frame can be configured for the moving averages.
You can hide the moving average, but show the cloud:
You can have multiple clouds:
You can have moving averages from a higher time frame (here from weekly time frame on a daily chart):
Best of trading luck!
Supertrend x4 w/ Cloud FillSuperTrend is one of the most common ATR based trailing stop indicators.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier.
The implementation of 4 supertrends and cloud fills allows for a better overall picture of the higher and lower timeframe trend one is trading a particular security in.
The default values used while constructing a supertrend indicator is 10 for average true range or trading period.
The key aspect what differentiates this indicator is the Multiplier. The multiplier is based on how much bigger of a range you want to capture. In our case by default, it starts with 2.636 and 3.336 for Set 1 & Set 2 respectively giving a narrow band range or Short Term (ST) timeframe visual. On the other hand, the multipliers for Set 3 & Set 4 goes up to 9.736 and 8.536 for the multiplier respectively giving a large band range or Long Term (LT) timeframe visual.
A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on minutes, hourly, daily, and weekly charts as well, but generally, it fails in a sideways-moving market. That's why with this implementation it enables one to stay out of the market if they choose to do so when the market is ranging.
This Supertrend indicator is modelled around trends and areas of interest versus buy and sell signals. Therefore, to better understand this indicator, one must calibrate it to one's need first, which means day trader (shorter timeframe) vs swing trader (longer time frame), and then understand how it can be utilized to improve your entries, exits, risk and position sizing.
Example:
In this chart shown above using SPX500:OANDA, 15R Time Frame, we can see that there is at any give time 1 to 4 clouds/bands of Supertrends. These four are called Set 1, Set 2, Set 3 and Set 4 in the indicator. Set's 1 & 2 are considered short term, whereas Set's 3 & 4 are considered long term. The term short and long are subjective based on one's trading style. For instance, if a person is a 1min chart trader, which would be short term, to get an idea of the trend you would have to look at a longer time frame like a 5min for instance. Similarly, in this cases the timeframes = Multiplier value that you set.
Optional Ideas:
+ Apply some basic EMA/SMA indicator script of your choice for easier understanding of the trend or to allow smooth transition to using this indicator.
+ Split the chart into two vertical layouts and applying this same script coupled with xdecow's 2 WWV candle painting script on both the layouts. Now you can use the left side of the chart to show all bearish move candles only (make the bullish candles transparent) and do the opposite for the right side of the chart. This way you enhance focus to just stick to one side at a given time.
Credits:
This indicator is a derivative of the fine work done originally by KivancOzbilgic
Here is the source to his original indicator: ).
Disclaimer:
This indicator and tip is for educational and entertainment purposes only. This not does constitute to financial advice of any sort.
IKH Cloud V1.0 (nextSignals)The IKH Cloud V1.0 (nextSignals) is an Ichomoku-type indicator that can be used for various trading strategies. It's based on a ThinkScript study from @stephenharlinmd (aka nextSignals) that uses an instantaneous moving average as the base MA, and a custom trailing stop. Both of these components form the cloud.
Indicator Components and Calculation
The indicator comprises two key components:
Instantaneous Moving Average (IMA) : This is a type of moving average that places a greater weight on the most recent data points, and is based on Ehler's book "Rocket Science for Traders". This is slightly different from the Doc's original, but is very approximate.
Trailing Stop : This component helps determine the stop loss level that moves along with the price. The trailing stop is based on the highest high and the lowest low of the last 5 bars, as well as the simple moving averages of the low and high of the previous bar. The trailing stop is calculated separately for each condition: when the bar index is greater than 1 and when the previous 'a' variable is either 1 or 0.
These two components are used to create a filled area on the chart, also known as the 'cloud'. The color of the cloud and the candlesticks change based on the relative positions of the IMA and the trailing stop.
How to Use the Indicator
The following are just ideas on how to use this indicator, and is not financial advice in any form:
Trend Identification: When the IMA is above the trailing stop (cloud), it indicates an uptrend, and when it's below, it indicates a downtrend.
Entry/Exit Signals: Traders can consider going long when the candlesticks move above the cloud and short when they move below the cloud.
Stop Loss Level: The trailing stop line (the cloud's edge) can serve as a dynamic stop loss level.
Please don't use just this indicator on its own. Please use this in conjunction with other analysis tools, indicators, and systems you already have in place. Always consider the overall market context and use appropriate risk management strategies.
FBMAEN:
TradingView indicator for FBMA strategy
People oftem ask: “Dmitry, BABA, TSLA, AAPL flies like a rocket! Well, what are we buying!?” - And I say no, the price does not act like a straight rocket upwards or downwards, instead it breathes, inhales moving away from the moving average and exhales returning to it, so we will wait for the first pullback and buy exactly at the value of the moving average.
Your new paradigm: wait for the stock to pull back to the moving average rather than chasing the price
And one more thing... Remember, you don't want to buy a stock when it's going down, you'll start to have doubts. it's against human nature to go long when the price is falling, but that's why this strategy works so well. We buy on the price rollback (pullback to the moving average), but we DO IT WHILE FOLLOWING THE TREND.
The biggest consequence of this strategy, my author's FBMA strategy and this is a game changer (results are in the comments).
So, let's dive into FBMA indicator settings:
Main settings
ATR Period — Period of intergrated ATR Indicator(shows ATR in a small dashboard);
Settings of Moving Averages
Sign Moving Averages? — shows values of moving averages near their lines on the chart;
Fix MAs' signatures overlapping? — automatically MAs' signatures overlapping (specifically for SMAs and EMAs!) ;
Fix MAs' signatures overlapping between SMAs and EMAs? — automatically group overlapping between EMAs' and SMAs' signatures;
Min distance between MAs' signatures (in % of ATR) — minimal distance between MAs' signatures that indicator will push away MAs' signatures from each other if they are overlapped;
Dashboard
Dashboard position — position of dashboard on the chart ( 9 options ).
Settings of MAs
Source;
Period;
Option for showing EMA and/or SMA of chosen period and source;
Line colour ;
Signature colour .
Addons
Show data by selected timeframe? — shows difference of current price opening and opening a "timeframe" time ago;
Shows MAs only if asset has grown by selected growth % in selected timeframe?
Growth, % — percent, which asset has to gain in order for MAs to be plotted;
Timeframe — frequency with which price's current and previous opening are being will be compared;
Show analog MAs' signatures? — shows MAs' value in a small table;
Show cloud between 1st and 2nd MAs? — shows cloud for both EMAs and SMAs simultaneously).
Price Action
This settings are intuitively understandable
Feel free to leave your questions or suggestions in the comments!
* Price Action-section was taken from ChrisMoody's CM_Price_Action and rebuilt.
RU:
Индикатор TradingView для стратегии ПООС
Мне часто пишут в личку: “Дмитрий, BABA, TSLA , AAPL летит ракетой! Ну что покупаем!?”- А я говорю нет, цена не летит по прямой ракетой вверх, она дышит, делает вдохи отдаляясь от скользящей и выдохи возвращаясь к ней, поэтому мы дождёмся первого пуллбэка и купим точно на значении скользящей
Ваша новая парадигма: ждать акцию на пуллбэке к скользящей по тренду, а не гнаться за ценой
И ещё… Помните, вы не захотите покупать акцию в момент, когда она падает, вы начнете сомневаться т.к. это против человеческой природы заходить в лонг при падении цены, но именно поэтому эта стратегия работает так эффективно, т.к. мы покупаем на откате цены (пуллбэке к скользящей), но ПО ТРЕНДУ
Самое большее следствие из этой стратегии, моя авторская стратегия ПООС и это гейм-чейнджер (результаты в комментариях).
Итак, давайте посмотрим сами настройки индикатора:
Основные настройки
ATR Period — период интегрированного индикатора ATR (показывает ATR на небольшой панели);
Настройки скользящих средних
Sign Moving Averages? — показывает значения скользящих средних рядом с их линиями на графике;
Исправить перекрытие сигнатур МА? — автоматически сигнатуры СС перекрываются (специально для SMA и EMA!) ;
Исправить перекрытие сигнатур МА между SMA и EMA? — автоматически группировать перекрытие между сигнатурами EMA и SMA;
Минимальное расстояние между сигнатурами скользящих средних (в % от ATR) — минимальное расстояние между сигнатурами скользящих средних, при котором индикатор будет отталкивать сигнатуры скользящих средних друг от друга, если они перекрываются;
Панель управления
Dashboard position — положение таблицы на графике ( 9 вариантов ).
Настройки МА
Source;
Период;
Опция отображения EMA и/или SMA выбранного периода и source;
Цвет линии ;
Цвет подписи .
Дополнения
Показать данные по выбранному таймфрейму? — показывает разницу текущей цены открытия и цены открытия в прошлом, по времени равному величины параметра "Таймфрейм";
Показывает MA только в том случае, если актив вырос на выбранный % роста за выбранный период времени?
Прирост, % — процент, на который актив должен набраться, чтобы скользящие средние были построены;
Таймфрейм — частота, с которой будет сравниваться текущее и предыдущее открытие цены;
Показать сигнатуры аналоговых МА? — показывает значение МА в небольшой таблице;
Показать облако между 1-й и 2-й скользящими средними? — показывает облако для EMA и SMA одновременно).
Price Action
Эти настройки будут интуитивно понятны
Оставляете свои вопросы и предложения в комментариях, всё учтём!
* Price Action-section was taken from ChrisMoody's CM_Price_Action and rebuilt.
Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Close Position:
3% increase trailing
3% decrease trailing
The script is backtested from 1 January 2018 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (1d timeframe), ETH (1d timeframe), and SOL (1d timeframe).
Probability Cloud BASIC [@AndorraInvestor]🔮☁️
This is the BASIC version of the PROBABILITY CLOUD indicator.
It is an evolution beyond traditional standard deviation probabilistic indicators only using bands or channels.
The new PROBABILITY CLOUD graphic representation with customizable transparent layers is based on -2 / +2 standard deviation calculated using 20 fixed predetermined time periods, and is available in several calculation MODES:
SMA , EMA , WMA , VWMA , VWMA & VAWMA
The indicator is designed to let the trader visually understand the probabilistic depth of past, present and future price action, and its evolution over time.
Looking forward to your comments and feedback to guide me on future updates!
🙏 Big THANKS @Electrified for letting me use his work on Deviation Bands/ as a starting point for my first script.
Ichimoku Cloud with EMAThis is a standard Ichimoku Cloud indicator that uses the exponential moving average (EMA) instead of the Tenkan and Kijun Sen.
It provides similar signals as the original but just looks nicer in my opinion.
MA cloud + divergence tensionI noticed how well BTC often bounces off the 200 Moving Averages on the 4HR so started investigating ways of visualising the ongoing relationship between price and MAs.
Firstly, this draws a cloud which is made up of the SMA and the EMA, and it colours the cloud based on how far the price is diverging from the middle of the cloud. If the price is the most extreme distance out of the set (by default, the past 200) the cloud will be coloured dark blue. If it's the closest, it will be transparent.
I then looked at plotting these extremes. If the price passes the sensitivity threshold (default 99 - I will look at adding more sensitivity in the future), and by that I mean the price is more divergent than that percentage of other prices inspected in the range, it plots a circle - green if it's oversold, red if it's overbought.
These signal maximum tension between the price and the moving averages. Though when I say maximum, I'm only referring to the historic range! As you can see, often price diverges even further and so more signals are placed. But usually, this tension is resolved, either by the MA cloud moving towards the price or the price moving towards the cloud. With confluence from other indicators, these could be good points to start taking dollar cost averaging, or start taking profits.
Once that tension is released, and the price and cloud converge closely again, we get a blue "relief signal", which could signal that the price action is about to rebound again.
Please be careful with this, it's only for fun. Not investment advice!
If you have any suggestions, comments, criticism, I'd love to hear them,
Thanks
OhManLan Golden CloudThis indicator is a modification of the popular Ichimoku indicator, build high/low channels using the Golden Ratio, Volume-weighted average price allows smoother components.
high/low channels moves based on Fibo Levels (Golden Ratio: 1.618).
- Settings -
The indicator can be adjusted to your needs.
- How to use -
OhManLan Golden can be used a Support/Resistance , Stop loss, Trailing stop and Price target.
Volume-weighted average price allows smoother components.
Can be used with other indicators such as Moving Average Convergence Divergence (MACD).
Double Ichimoku Cloud with drop-down selectable lookback periodsThis script will display two Kumo Clouds. The overlap between the clouds can be areas of high support or resistance. I've included a drop-down selector for a variety of common lookback periods. Experiments show that the 10-30-60-30 settings can be more applicable to the FOREX and Crypto markets.
Bogdan Ciocoiu - CoordinatorDescription
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).
This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.
Uniqueness
The Coordinator provides unique benefits, including:
It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
It shows the RSI 14 (useful when spotting divergences aligned with the price action).
Open-source
The Coordinator uses the following open-source scripts:
www.tradingview.com
Ichimoku VariationsThe Ichimoku cloud is traditionally constructed from the highest high and lowest low for a number of periods. This script allows for it to be transformed and calculated like more traditional moving averages (e.g. simple moving average, exponential moving average). Since the Ichimoku is normally a system of moving average-like lines, maybe someone out there will learn something from being able to switch to sma, ema, etc etc.
In general, I think no TA indicator is a magic bullet, and you should just use what you like!
Credit: This script utilizes the "Color Gradient Framework" tutorial by LucF (PineCoders) to create gradient visuals, which are also customizable for the user.
Recommended modes:
default
SMA
EMA
SMMA
WMA
VWMA
Tillson T3
Not Recommended (These moving averages are too fast, and probably will require adjusting settings to something like the 20-60-120-30 to make more sense):
HMA
EHMA
TEMA
ALMA
LSMA
4C Moving Avg CloudThis indicator plots 2 moving averages with a cloud filling the area between the two.
It has the unique ability to choose between multiple moving average types, AND also paints the average based on slope direction, all in one indicator.
Most of the available moving average cloud indictors only allow one type of moving average for both averages together (e.g. 21 EMA with 200 EMA; or 21 SMA with 200 SMA)
The 4C Moving Avg Cloud features the ability to choose a different average type for each of the moving averages, and can be mixed and matched (e.g. 21 EMA with 200 SMA; or 21 RMA with 200 EMA; etc...)
Offers a selection for each of the moving averages to choose between: EMA, SMA, RMA, WMA
Credit: Some aspects of this part of the 4C moving avg cloud indicator were adapted from the "Best Cloud All MA" indicator @author=Daveatt
Another unique aspect of this moving avg cloud indicator is that is paints the moving average lines based on slope direction.
If the slope direction of the avg is up, it is painted one color, and if the avg is sloping down, it is painted another color (default: red).
This slope coloring is based on a 1 period lookback, and cant be adjusted.
Momentum CloudThis is a modified Ichimoku Cloud:
-The default Lookback-Length and Displacement settings have been modified to operate optimally on 24/7 markets - which is popular among Crypto analysts.
-The Lagging Span, Base Line, and Conversion Line have been removed - leaving just the bare cloud.
-Additionally, the Cloud's color will shift blue when it is compressed. (More specifically - when Leading Span A retreats to Leading Span B, the color changes.)
This allows the user to easily identify when the Cloud is "thinning", either to the upside, or the downside.
Being that the "spread" or "width" of an Ichimoku Cloud generally gauges it's efficacy as potential Support or Resistance, this tool is particularly useful for highlighting when momentum is weakening.
*This script will be updated in the future to allow the user to view the Momentum Cloud of alternate time-frames! (e.g, Viewing the 1D Momentum Cloud on the 1H timeframe)
EMA Options Clouds With SignalsEMA Clouds for Options!
This indicator can help you confidently open and close options positions. Note that you should set stop a little below midline EMA . Risk reward for good signals is fairly consistent in profit. Most of the simulations I ran got between 1:2 and 1:4 profits. The losers usually can be avoided by making sure you are not in a choppy trading channel. Wait for EMAs to start separating and don't blindly follow every buy/sell.
3 wave EMA + Clouds:
Defaults:
EMA 8/32/64
Signals (off by default - turn on in settings):
Buy Call/Sell Call (open/exit call positions)
Buy Put/Sell Put (open/exit put positions)
Enter signals bullish:
Close over Middle EMA AND Short EMA > Middle EMA > Long EMA
Exit signals bullish:
Close under Middle EMA OR trend turns bearish (Short EMA < Middle EMA < Long EMA )
Enter signals bearish:
Close under Middle EMA AND Short EMA < Middle EMA < Long EMA
Exit signals bearish:
Close over Middle EMA OR Short EMA > Middle EMA > Long EMA
Cloud Colors (Default)
Green: Bullish
Red: Bearish
White: Chop/Transition
Average True Range (VStop) Cloud SignalsThis indicator extends the built-in Volatility Stop indicator to a visual signals type indicator based on the crossover of a small VStop value (default 1.5x ATR) and a larger VStop value (default 3x ATR). The two values form a "cloud" with default coloring based on RSI/strength of trend.
Price Clouds Oscillator (PCO)This is the oscillator version of Price Clouds (PS). Use this with (PS) for best results.
This indicator shows you over bought and over sold regions similarly to to rsi or stochastic. This indicator centers a moving average around the hl2 of the price. This is calculated as the difference of four moving averages. The signal line shows you how much momentum in any given direction you have. You can also see how much volatility there is by the band width. Just like the Bollinger band high volatility comes before low volatility and visa versa. You can also see what the market is doing based on the signal crosses. If the fast line is above the slow line you are going up and visa versa. This indicator works in most markets, especially crypto. There is a tool tip for every aspect of this indicator explaining how everything works.
Key Feature:
>See where the price is relative to a mean price
>Measure volatility
>Clean global settings
>Normalization feature lets you scale the band from 0 to 1. You loose some information but its easier to use if you aren't measuring volatility.
I hope you are very profitable with this one!
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
PCO
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INDIGO - Cloud System ©INDIGO Cloud System ©
This script shows the monthly dip and peak zones and the daily highs & lows.
The green zone is the dip zone. It's the place to enter a long position if you think there is or will be a reversal.
The red zone is the peak zone. It's the place to enter a short position if you think there is or will be a reversal.
The script uses the INDIGO Cloud System ©, the Ultimate RSI and the Market Direction Indicator to find an entry at the most optimal point in space and time.
The exit for the long trade is on the purple line and the exit for the short trade is on the blue line.
It also has an RSI exit to minimize the risk of a sudden reversal in the wrong direction while in trade.
You can set TP and SL to see the effects of it on the chart. Be aware that these change a lot of trades so use it wisely.
The labels are connected to alerts to notify you of a possible entry or exit.
This script uses the Ultimate RSI by ChrisMoody, thanks for creating this Chris !
This script also uses the Market Direction Indicator by LazyBear, great script !
You can use the MD Filter to filter out some bad trades. It decreases losses but also some profits.
Experiment with the settings, each pairing needs different settings.
--> Use this script at your own risk. Do your own research, never invest money you're not willing to lose and never put your trust in one indicator !
To my best knowledge this script doesn't repaint. I never use the close and only use high/low when value can't be untrue again. If you find repainting in this script PLEASE let me know !
Feel free to contact me for questions or feedback.
Enjoy the script :)
Heikin Ashi Cloud overlayThis script displays a cloud representing the bodies of Heikin Ashi candles, which allows to have all the information of the HA technique without losing focus on the classical candles.
Also has arrows to indicate a trend reversal (counterproductive in a range !)
Time Segmented Volume with divergence and Kumo cloud backgroundThis is a Time Segmented Volume (TSV) indicator with added divergence hunter, crossing signals, Kumo cloud background and alert functions
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first!
