Mulakan

Moving Averages

TRIPLE Moving AveragesThis Pine Script indicator plots three customizable moving averages (MAs) along with an optional composite MA (average of all three). It provides visual cues, alerts, and trend confirmation based on MA crossovers and price positioning relative to the MAs. 🔹 Key Features 1. Multiple Moving Average Types Supports 7 different MA types for each line: EMA (Exponential Moving Average) SMA (Simple Moving Average) SMMA / RMA (Smoothed / Regular Moving Average) WMA (Weighted Moving Average) VWMA (Volume Weighted Moving Average) HMA (Hull Moving Average) 2. Three Independent MAs MA1, MA2, MA3 can each be enabled/disabled Custom lengths (default: 12, 21, 50) Different price sources (close, open, high, low, etc.) 3. Composite Moving Average (Optional) Calculates (MA1 + MA2 + MA3) / 3 Acts as a consensus trend filter 4. Visual & Alert Features ✅ Color-Coded Lines (Yellow = Price Above MA, Red = Price Below MA) ✅ Thick Line Width (3) for better visibility ✅ Background Highlights for crossovers/crossunders ✅ Alerts for All Crossover Combinations 🔹 How It Works 📈 MA Crossovers & Trend Signals Bullish Signal: When a faster MA crosses above a slower MA Bearish Signal: When a faster MA crosses below a slower MA Trend Confirmation: All MAs aligned in the same direction (e.g., MA1 > MA2 > MA3 = Strong Uptrend) 🎨 Visual Indicators Green Background → Bullish crossover detected Red Background → Bearish crossover detected Yellow Line → Price is above the MA (bullish) Red Line → Price is below the MA (bearish) 🔔 Alert Conditions Alerts are triggered for all possible MA crossover combinations, including: MA1 crossing MA2 MA1 crossing MA3 MA2 crossing MA3 Any MA crossing the Composite MA
Penunjuk Pine Script®
oleh Tiagorocha1989
Fear and Greed Indicator [DunesIsland]The Fear and Greed Indicator is a TradingView indicator that measures market sentiment using five metrics. It displays: Tiny green circles below candles when the market is in "Extreme Fear" (index ≤ 25), signalling potential buys. Tiny red circles above candles when the market is in "Greed" (index > 75), indicating potential sells. Purpose: Helps traders spot market extremes for contrarian trading opportunities.Components (each weighted 20%): Market Momentum: S&P 500 (SPX) vs. its 125-day SMA, normalized over 252 days. Stock Price Strength: Net NYSE 52-week highs (INDEX:HIGN) minus lows (INDEX:LOWN), normalized. Put/Call Ratio: 5-day SMA of Put/Call Ratio (USI:PC). Market Volatility: VIX (VIX), inverted and normalized. Stochastic RSI: 14-period RSI on SPX with 3-period Stochastic SMA. Alerts: Buy: Index ≤ 25 ("Extreme Fear - Potential Buy"). Sell: Index > 75 ("Greed - Potential Sell").
Penunjuk Pine Script®
oleh dunesisland
EMA-Pack MTFEMA-Pack MTF This TradingView Pine Script defines a custom indicator called "EMA-Pack MTF" that overlays various types of moving averages and Bollinger Bands across multiple timeframes on a chart. It begins by importing the built-in technical analysis library and defining a custom ma function that calculates several types of moving averages (SMA, EMA, TEMA, DEMA, HMA, and ALMA) based on user input. The ema function is the core logic, retrieving market data for the specified timeframe and calculating fast, mid, slow, 50, 100, and 200-period moving averages along with Bollinger Band components (basis, upper, and lower bands). The function adjusts values to the nearest valid price tick and returns them. User input fields allow customization of timeframes, source data, moving average types, and Bollinger Band parameters. The script calls the ema function for each selected timeframe (1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, and 1 day), storing their respective computed values. It then plots the calculated moving averages and Bollinger Band basis lines on the chart, using different colors and line widths to distinguish between them. Some plots are hidden by default (display.none) to reduce chart clutter. This script is useful for multi-timeframe trend analysis using customizable moving averages and Bollinger Bands.
Penunjuk Pine Script®
oleh veegee82
Super Neema!🟧 Super Neema! — Multi-Timeframe EMA-9 Overlay 🔍 What is "Neema"? The term "Neema" has recently emerged among traders such as Jeff Holden—a top proprietary trading firm trader—whose colleagues colloquially use "Neema" as shorthand for the 9-period Exponential Moving Average (EMA). Due to its increasing popularity and reliability, the phrase caught on quickly as traders needed a quick, memorable name for such an essential tool. 📚 Why the 9-EMA? Scalping around the 9-EMA is now one of the most widely used intraday trading techniques. Traders of various experience levels frequently rely on it because it effectively highlights short-term momentum shifts. But there's a crucial nuance: traders across different assets or market periods don't always agree on which timeframe’s 9-EMA to follow. Depending on who's currently active in the market, the dominant "Neema" could be the 1-minute, 2-minute, 3-minute, or 5-minute 9-EMA. This variation arises naturally due to differences in trader populations, risk tolerance, style, and current market conditions. 👥 Social Convention & Normative Social Influence Trading is fundamentally a social activity, and normative social influence plays a critical role in market behavior. Traders don’t operate in isolation; they follow patterns, respond to cues, and rely on shared conventions. The popularity of any given indicator—like the 9-EMA—is not just technical, but deeply social. Traders adapt to what's socially accepted, recognizable, and effective. Over time, these conventions shift. What once was "the standard" timeframe can subtly evolve as dominant traders or institutions shift their preferred style or timeframe, creating "variants" of established trends. Understanding this dynamic is essential for market participants because recognizing where the majority of traders currently focus gives a critical edge. 📈 Why Does This Matter? (Market Evolution & Trader Adaptability) Market trends aren't just technical—they're social constructs. As markets evolve, participants adapt their methods to fit new norms. Traders who recognize and adapt quickly to these evolving norms gain a decisive advantage. By clearly visualizing multiple Neemas (9-EMAs across timeframes) simultaneously, you don't merely see EMA levels—you visually sense the current social convention of the market. This heightened awareness helps you stay adaptive and flexible, aligning your strategy dynamically with the broader community of traders. 🎨 Transparency Scheme (Visual Identification): 5-minute Neema: Most opaque, brightest line (slowest, most significant trend) 3-minute Neema: Slightly more transparent 2-minute Neema: Even more transparent 1-minute Neema: Most transparent, subtle background hint (fastest, quickest reaction) This deliberate visual hierarchy makes it intuitive to identify immediately which timeframe is currently dominant, and therefore, which timeframe other traders are using most actively. ✅ Works on: Any timeframe, any chart. Automatically plots the 1m–5m EMA-9 lines regardless of your current chart. 🧠 Key Insight: Markets are driven by social trends and normative influence. Identifying the currently dominant timeframe (the Neema most respected by traders at that moment) is a powerful, socially-informed edge. Trader adaptability isn't just technical—it's social awareness in action. Enjoy your trading, and welcome to Super Neema! ⚡
Penunjuk Pine Script®
oleh garysebastianbrowniii
ma rationing🧠 MA Rationing Indicator – Multi-Averaged Momentum + Divergence Zones This script blends various moving average ratios (SMA, EMA, WMA, RMA) to create a smoothed and zero-centered momentum oscillator. Its goal is to highlight shifts in trend strength and spot possible divergences confirmed by volume. 🔍 Key Features: • MA Ratio Core: Composite of multiple MA types across a short vs. long smoothing window, plotted against zero for trend clarity. • Visual Acceleration Markers: Circle color intensity reflects momentum acceleration or deceleration. • Volume-Supported Divergence: Highlights when price diverges from momentum and volume supports the signal. • RSI Zone Highlighting: Dynamically draws boxes over RSI Overbought/Oversold regions as sentiment zones form. • Custom Alerts: Includes alerts for zero-line crosses and divergence + volume confirmation. This tool is designed for users seeking to combine price action, momentum, and volume into one clear visualization. It does not provide direct trade signals and should be used alongside your broader analysis.
Penunjuk Pine Script®
oleh ximi-imibitty
WRAMA Channel (Weighted RSI ATR MA)OVERVIEW The WRAMA Channel (Weighted RSI ATR MA) is an advanced technical analysis tool designed to react more quickly to price movements compared to indicators using conventional moving averages. It combines the Relative Strength Index (RSI), Average True Range (ATR), and a weighted moving average, resulting in the WRAMA. This indicator forms a dynamic price channel based on a weighted average that incorporates both trend strength (via RSI) and market volatility (via ATR). It helps traders identify trends, potential reversals, and breakout signals, while offering broad customization options. Key Features WRAMA Price Channel: Generates a dynamic channel around the weighted moving average (WRAMA), adapting to market volatility and momentum, similar to Bollinger Bands. Users are encouraged to adjust channel width and length according to their strategy. The upper and lower channel bands are calculated based on a percentage deviation from the baseline line. The channel fill color changes depending on the price's position relative to the baseline (green above, red below), with an optional gradient for better visualization. Weighted Moving Average (WRAMA): WRAMA is a custom weighted moving average (MA1), where closing prices are weighted based on RSI and ATR, allowing it to dynamically adapt to market conditions. Baseline: The WRAMA line calculated over a user-defined period. WRAMA Calculation: RSI Weight: Based on RSI value. When RSI is in extreme zones (below the lower threshold or above the upper threshold), an extreme weight is applied. Otherwise, the weight is based on the squared RSI value divided by 100, raised to a power defined by the rsi_weight_factor. ATR Weight: Based on the ATR-to-average-ATR ratio. If ATR exceeds a threshold (atr_threshold × avg_atr), an extreme weight is applied. Otherwise, the weight is based on the squared ratio of ATR to average ATR, raised to the power of the atr_weight_factor. Combined Weight: RSI and ATR weights are combined using a rsi_atr_balance parameter. Final weight = RSI weight × balance + ATR weight × (1 - balance). WRAMA Calculation: The closing price is multiplied by the combined weight. The result is averaged over the ma_length period and divided by the average of the weights, forming the WRAMA line. For current WRAMA (ma_length = 1), the calculation simplifies to a single weighted price. Additional Moving Averages: For additional confirmations, the indicator supports up to five moving averages (MA1–MA5) with various types (SMA, EMA, WMA, HMA, ALMA) and customizable periods. All additional MAs are calculated based on WRAMA or its baseline, ensuring consistency and enabling deeper analysis within a unified methodology. MA trend directions can be tracked in a built-in signal table. Trading Signals: Breakout Signals: Breakouts above/below the channel are optionally marked with triangle shapes (green for bullish, red for bearish). MA Signals: Price position relative to MAs or their slope generates bullish/bearish signals. These are optionally visualized with default triangles (green up, red down). A signal table in the top-right corner summarizes the status of each moving average – bullish, bearish, or neutral. Customization Options Channel Settings: MA Period: Length of the WRAMA baseline (default: 100). Channel Deviation : Percentage offset from the baseline for upper/lower bands (default: 1.5%). RSI Settings: RSI Period: Length of the RSI calculation (default: 14). RSI Upper/Lower Threshold: Overbought/oversold levels (default: 70/30). RSI Weight Factor: Influence of RSI on weighting (default: 2.0). ATR Settings: ATR Period: ATR calculation length (default: 14). ATR Threshold: Volatility threshold as a multiple of average ATR (default: 1.5). ATR Weight Factor: Influence of ATR on weighting (default: 2.0). RSI & ATR Combined: Extreme Weight: Weight applied in extreme RSI/ATR conditions (default: 3.0). RSI/ATR Balance: Balance between RSI and ATR influence (default: 0.5). Signal Settings: Show Breakout Signals: Enable/disable breakout triangles. Show MA Signals: Enable/disable MA-based signals. MA Signal Source: Choose between current WRAMA or baseline. MA Signal Analysis: Based on price position or slope. Neutral Threshold : Minimum distance from MA for signal neutrality (default: 0.5%). Minimum MA Slope : Minimum slope for trend direction signals (default: 0.01%). Moving Averages (MA1–MA5): Options to enable/disable, select type (SMA, EMA, WMA, HMA, ALMA), set period length, and choose color. Style Settings: Gradient Fill: Enable/disable gradient coloring within the channel. Show Baseline: Enable/disable WRAMA baseline visibility. Colors: Customize line, fill, and signal colors. Use Cases Trend Identification: The WRAMA channel highlights trend direction and potential reversal zones when price contacts the channel edges. Breakout Signals: Channel breakouts may indicate trend shifts or momentum surges. MA Analysis: The signal table provides a clear summary of market direction (bullish, bearish, or neutral) based on selected moving averages. Trading Strategies: Suitable for trend-following, mean-reversion, and scalping strategies, depending on user preferences and settings. Notes The indicator offers a high degree of flexibility, making it adaptable to various trading styles, instruments, and timeframes. It is recommended to adjust channel length and width to fit your trading strategy. Backtesting settings on historical data is advised to optimize parameters for a specific strategy and market.
Penunjuk Pine Script®
oleh Uncle_the_shooter
Volumetric Compressed MAVCMA uses the compressor and weighted stdev functions originally translated to pine by @gorx1. Compressor is usually used in audio to avoid clipping of certain frequencies. The original idea is actually pretty simple: ma(simple string smt, float src, simple int len) => switch smt 'RMA' => ta.rma(src, len) 'SMA' => ta.sma(src, len) 'EMA' => ta.ema(src, len) 'WMA' => ta.wma(src, len) 'HMA' => ta.hma(src, len) 'LSMA' => ta.linreg(src, len, 0) => na compressor(float in_1, simple int len, simple int thresh_dn_m, simple int thresh_up_m) => data = math.log(math.abs(in_1)) loc = ta.wma(data, len) dev = wstdev(data, len) thresh_dn = loc + dev * thresh_dn_m thresh_up = loc + dev * thresh_up_m math.exp(math.min(math.max(data, thresh_up), thresh_dn)) - math.exp(thresh_up) compressed_out = compressor(volume, len_window, up_thresh, down_thresh) comp_ma = ma(ma_type, close * compressed_out, len_ml) / ma(ma_type, compressed_out, len_ml) vwma = ma(ma_type, close, len_window) We get the ratio of the compressed volume calculation and plot it with the base MA. Base MA's length is determined by window size input compared to ML length that is used for compressed version. This provides us another possible confirmation indicator that can be used to take advantage of volume ranges. Autmated crossover alerts are also added. A reminder is that this kind of indicators should not be used on it's own for trading but rather should be used as a confirmation along with your trend detection and main entry indicators to provide additional confluence.
Penunjuk Pine Script®
oleh serkany88
Fibonacci 61.8 BUY or SELL (EMA-Filtered)This indicator helps identify Fibonacci-based Buy or Sell zones based on recent pivot highs/lows, but only when filtered by the EMA trend. ✅ Buy Zones: Only when price is above EMA ✅ Sell Zones: Only when price is below EMA 🟩 Draws a 61.8% Fibonacci retracement line 🟥 Adds a label with price value: BUY @ or SELL @ 📏 All drawing is based on pivot structure (LL → LH for buy; HH → HL for sell) 📊 EMA Trend Filter Only draws buy setups when price > EMA Only draws sell setups when price < EMA You can change the EMA length: 📈 How It Works – Step by Step ✅ BUY SETUP (LL → LH, only if price > EMA): Detects pivot low → stores as prevLow Detects pivot high after that → stores as prevHigh Calculates Fib Level: fibLevel = prevLow + (prevHigh - prevLow) * 0.618 Draws a green dashed line at that fib level Adds a label to the right: "BUY @ price" 🚫 SELL SETUP (HH → HL, only if price < EMA): Detects pivot high → stores as prevHigh Detects pivot low after that → stores as prevLow Calculates Fib Level: fibLevel = prevHigh - (prevHigh - prevLow) * 0.618 Draws a red dashed line at that fib level Adds a label to the right: "SELL @ price" ✅ Strengths Simple yet powerful EMA + Fibonacci strategy Visually clean: only one signal shown at a time Customizable: style, color, width, offset, precision Works well for trend continuation trades ⚠️ Limitations Only shows latest setup, not historical signals Does not show price breaking fib level or reacting to it Assumes fixed 61.8% retracement—no multi-level analysis Doesn't differentiate between minor and major pivots 📌 How to Trade It 🟢 BUY Example: Price above EMA Pivot Low → Pivot High → 61.8% level plotted Wait for price to react at that level to go long 🔴 SELL Example: Price below EMA Pivot High → Pivot Low → 61.8% level plotted Wait for price to react at that level to go short
Penunjuk Pine Script®
oleh aang-and-appa
Simple ## User Guide for the Simple I. Indicator Philosophy This indicator is not a simple system that provides only one type of signal. It is an advanced tool that analyzes the market using three independent "engines," each specializing in detecting a different type of trading opportunity. Its goal is to identify high-probability setups by filtering out market noise. II. Legend – What You See on the Chart Before we proceed to the signals, you need to understand what each visual element represents: Orange Line (200 EMA): This is the main, long-term trend indicator. It acts like a river – if the price flows above it, we look for buying opportunities (LONG). If it's below, we look for selling opportunities (SHORT). The Ribbon (green/red): Represents short-term momentum and acts as a dynamic support/resistance zone. A green ribbon suggests buying strength, while a red one suggests selling pressure. Kijun-sen Line (blue/red): This is the medium-term "center of gravity" of the market. It shows the price equilibrium. Its position relative to the price and the ribbon is crucial for many signals. Gray Background: This is a "NO-TRADE ZONE." It appears when the ADX indicator shows that the market is in consolidation and lacks a clear trend. Most signals are ignored in these areas. ## III. The Three Signal Engines – When to Consider a Position The indicator generates three different types of signals, each with its own characteristics and risk profile. 1. LONG / SHORT Labels (The Pullback Engine - Conservative) Character: Safe, conservative, trend-following. Appears the least frequently. How it works: It looks for ideal, "textbook" conditions. For a LONG signal, all indicators must be in full alignment (price > ribbon > Kijun > orange line), the trend must be strong (high ADX), AND the price must make a pullback to the ribbon and then bounce off it. When to consider a position: When you see this signal, you are entering a well-developed, healthy trend. It's a high-probability entry, but often not at the very beginning of the move. Ideal for traders who value safety. 2. 🔵 / 🟣 Circles (The Squeeze Engine - Moderate) Character: Moderately aggressive, looks for the beginning of a new, dynamic move. How it works: It searches for periods of consolidation and low volatility (when the market is "gathering energy"). The signal (a circle) appears at the moment the price breaks out of this consolidation, and the direction of the breakout is confirmed by the Kijun-sen line. When to consider a position: When you see the price has been moving sideways for a while, and then a circle appears. This is a sign that the consolidation phase has likely ended and a new impulse is beginning. Ideal for catching "fresh" moves. 3. ⚡ Lightning Bolt (The Reversal Engine - Aggressive) Character: Aggressive, contrarian, attempts to catch sharp reversals. This is the riskiest signal. How it works: It ignores most of the trend filters. Its sole purpose is to find a moment where the price, after a sharp and overextended move in one direction, suddenly reverses on a strong candle with high volume. When to consider a position: When you want to take a risk to catch the very bottom (V-bottom) or top (V-top). This signal requires the most experience. It is recommended to only take it when it appears near a significant, horizontal support or resistance level. Never take it "in a vacuum." IV. Summary and Practical Strategy Signal Signal Type Character Ideal Market Conditions LONG/SHORT Pullback Entry Conservative A strong, developed, and healthy trend. 🔵/🟣 Squeeze Breakout Moderate The end of a sideways move, the beginning of a new impulse. ⚡ Sharp Reversal Aggressive Market panic, oversold/overbought conditions at a key S/R level. Eksportuj do Arkuszy
Penunjuk Pine Script®
oleh o_l_d_1
1
Multi SMA AnalyzerMulti SMA Analyzer with Custom SMA Table & Advanced Session Logic A feature-rich SMA analysis suite for traders, offering up to 7 configurable SMAs, in-depth trend detection, real-time table, and true session-aware calculations. Ideal for those who want to combine intraday, swing, and higher-timeframe trend analysis with maximum chart flexibility. Key Features 📊 Multi-SMA Overlay - 7 SMAs (default: 5, 20, 50, 100, 200, 21, 34)—individually configurable (period, source, color, line style) - Show/hide each SMA, custom line style (solid, stepline, circles), and color logic - Dynamic color: full opacity above SMA, reduced when below ⏰ Session-Aware SMAs - Each SMA can be calculated using only user-defined session hours/days/timezone - “Ignore extended hours” option for accurate intraday trend 📋 Smart Data Table - Live SMA values, % distance from price, and directional arrows (↑/↓/→) - Bull/Bear/Sideways trend classification - Custom table position, size, colors, transparency - Table can run on chart or custom (higher) timeframe for multi-TF analysis 🎯 Golden/Death Cross Detection - Flexible crossover engine: select any two from (5, 10, 20, 50, 100, 200) for fast/slow SMA cross signals - Plots icons (★ Golden, 💀 Death), optional crossover labels with custom size/colors 🏷️ SMA Labels - Optional on-chart SMA period labels - Custom placement (above/below/on line), size, color, offset 🚨 Signal & Trend Engine - Bull/Bear/Sideways logic: price vs. multiple SMAs (not just one pair) - Volume spike detection (2x 20-period SMA) - Bullish engulfing candlestick detection - All signals can use chart or custom table timeframe 🎨 Visual Customization - Dynamic background color (Bull: green, Bear: red, Neutral: gray) - Every visual aspect is customizable: label/table colors, transparency, size, position 🔔 Built-in Alerts - Crossovers (SMA20/50, Golden/Death) - Bull trend, volume spikes, engulfing pattern—all alert-ready How It Works - Session Filtering: - SMAs can be set to count only bars from your chosen market session, for true intraday/trading-hour signals Dynamic Table & Signals: - Table and all signal logic run on your selected chart or custom timeframe Flexible Crossover: - Choose any pair (5, 10, 20, 50, 100, 200) for cross detection—SMA 10 is available for crossover even if not shown as an SMA line Everything is modular: - Toggle features, set visuals, and alerts to your workflow 🚨 How to Use Alerts - All key signals (crossovers, trend shifts, volume spikes, engulfing patterns) are available as alert conditions. To enable: - Click the “Alerts” (clock) icon at the top of TradingView. - Select your desired signal (e.g., “Golden Cross”) from the condition dropdown. - Set your alert preferences and create the alert. - Now, you’ll get notified automatically whenever a signal occurs! Perfect For - Multi-timeframe and swing traders seeking higher timeframe SMA confirmation - Intraday traders who want to ignore pre/post-market data - Anyone wanting a modern, powerful, fully customizable multi-SMA overlay // P.S: Experiment with Golden Cross where Fast SMA is 5 and Slow SMA is 20. // Set custom timeframe for 4 hr while monitoring your chart on 15 min time frame. // Enable Background Color and Use Table Timeframe for Background. // Uncheck Pine labels in Style tab. Clean, open-source, and loaded with pro features—enjoy! Like, share, and let me know if you'd like any new features added.
Penunjuk Pine Script®
oleh Fullymobile
EMA Stack (13–200) Toggle📈 EMA Stack (13–200) Toggle – Color-Coded Trend Filter Customizable EMA stack with slope-based coloring: • 🟩 Green = Bullish slope • 🟥 Red = Bearish slope • Lengths: 13, 20, 34, 50, 89, 100, 200 • Toggle each EMA on/off in settings ✅ Great for: • Trend confirmation • Pullback entries • Momentum confluence across timeframes • Heikin Ashi candle setups (as shown in screenshot) Clean, clear, and built for scalping or trend-riding.
Penunjuk Pine Script®
oleh DoodyJazz
Relative StrengthDescription: This indicator provides a simplified yet powerful method for measuring a stock's momentum based on its proximity to its recent high. It is a direct implementation of a trading concept discussed in a lecture from the New York Institute of Finance. Core Concept The underlying theory, supported by academic research, is that a stock making a new high is one of the most bullish signals possible. Such stocks have a statistical tendency to continue making new highs in the near term. Instead of requiring complex relative strength calculations against a universe of stocks, this indicator uses a simple and elegant ratio to act as a proxy for momentum: Indicator Value = Current Close / Highest High of Lookback Period A value approaching 1.0 indicates the stock is strong and nearing a new high. A value at 1.0 means a new high has just been made. How to Use This Indicator The indicator consists of two primary components: RS Line (Teal): The core momentum calculation (Close / High). Signal MA (Orange): A moving average of the NHRS Line, which acts as the trigger for signals. The signals are generated based on the crossover between these two lines: BUY Signal: When the RS Line crosses ABOVE its moving average. This suggests that short-term momentum is accelerating and a new uptrend may be starting. The background will turn green. SELL Signal: When the RS Line crosses BELOW its moving average. This indicates that momentum is fading and it may be prudent to exit the position to avoid a decline. The background will turn red. Indicator Settings You can customize the indicator to fit your trading style and the timeframe you are analyzing: High Lookback Period: Choose the period for the "Highest High" calculation. Options range from 1 Month to 12 Months (52 weeks), allowing you to measure short-term or long-term strength. Moving Average Length: Adjust the length of the signal line's moving average. The lecturer defaults to 26 weeks for a six-month view. Moving Average Type: Select the type of moving average for the signal line (SMA, EMA, WMA, HMA). Credits and Inspiration Proper credit is essential. This script is a practical application of a concept that builds upon foundational academic work. The core idea that a stock's proximity to its 52-week high is an investable anomaly was detailed in the 2004 Journal of Finance paper: "The 52 Week High and Momentum Investing" by Thomas J. George and Chuan-Yang Hwang. The lecturer's contribution, which this script implements, was to simplify this concept into an actionable trading tool by applying a moving average crossover to generate clear and objective buy and sell signals. Disclaimer: This tool is for educational and informational purposes only. It is not financial advice. All trading involves risk, and you should always perform your own research and backtesting before making any trading decisions.
Penunjuk Pine Script®
oleh afarzand
1
Momentum_EMABandThe Momentum EMA Band V1 is a precision tool designed for intraday traders & scalpers. This is the first version of the script, combining three powerful technical elements to help traders identify directional moves while filtering out weak, choppy market phases. 🔧 How the Indicator Works — Combined Logic This indicator merges well-known but distinct concepts into a unified visual framework: 1️⃣ EMA Price Band — Dynamic Zone Visualization Plots upper and lower EMA bands based on user input (default: 9-period EMA). Price relative to the bands provides immediate visual cues: Green Band: Price above the upper EMA — bullish strength. Red Band: Price below the lower EMA — bearish pressure. Yellow Band: Price within the band — neutral zone. 2️⃣ Supertrend Overlay — Reliable Trend Confirmation ATR-based Supertrend logic (customizable ATR length & factor). Green Supertrend Line: Uptrend confirmation. Red Supertrend Line: Downtrend confirmation. Helps traders ride trends with dynamic levels that adjust to volatility. 3️⃣ ADX-Based No Trade Zone — Choppy Market Filter Manual ADX calculation measures trend strength (default ADX length: 14). When ADX is below a user-defined threshold (default: 20) and price is within the EMA Band buffer, a gray background highlights sideways or indecisive market conditions — suggesting no new trade or low momentum zone Optional gray triangle marker shows the start of each No-Trade Zone phase. 🎯 Key Features ✅ Combines EMA Bands, Supertrend & ADX filtering for comprehensive market context. ✅ Visual No-Trade Zone shading keeps traders out of low-probability setups. ✅ Supertrend Line tracks evolving trend bias. ✅ Fully customizable — adjust EMA, ATR, ADX settings to match different instruments or styles. ✅ Clean, focused chart presentation for easy interpretation. 💡 Practical Application Momentum Breakouts: Enter trades when price breaks beyond the EMA Band, with Supertrend confirmation. Avoid Sideways Traps: Refrain from trading during gray-shaded No-Trade Zones, minimizing exposure to whipsaws. Scalping & Intraday Edge: Particularly effective on lower timeframes where choppy periods are common. ⚠️ Important Disclaimer This is Version 1 — future versions may expand on features based on trader feedback. This script is for educational purposes only. Always combine with risk management and thorough strategy validation. No indicator guarantees profitability — use this tool as part of a broader trading system.
Penunjuk Pine Script®
oleh laraibislam
ATR Trend Color📌 ATR Trend Color — Visually clean trend-following tool based on adaptive ATR trailing stop ► Description ATR Trend Color is a simple yet powerful indicator designed to visually identify and follow the market trend using an adaptive ATR-based trailing stop. Its main advantage lies in clarity — it uses just a single line that dynamically changes color based on trend direction: ✅ Blue line indicates price is above the trailing stop (bullish trend). 🔻 Black line indicates price is below the trailing stop (bearish trend). This clean display allows for instant trend recognition and potential exit or reversal zones. ► How it works The indicator uses the Average True Range (ATR) to calculate a dynamic trailing stop level. ATR measures volatility and adjusts the trailing line to match current market conditions: When the price rises, the line moves up and acts as dynamic support. When the price drops, the line moves down and acts as resistance. This behavior makes it ideal for trend following and volatility-adjusted stop-loss placement. ► Key Features: ✅ Clean chart with just one ATR trailing line ✅ Dynamic color changes in real-time ✅ Great for trend confirmation and management ✅ Customizable ATR period and multiplier ✅ Step line with diamonds for high visual clarity ► How to use Add the indicator to your chart. Adjust ATR period and multiplier to your strategy (default: ATR 7 / multiplier 3.1). Follow the line color: Blue: Bullish trend — may signal to stay in long positions. Black: Bearish trend — may suggest exit or short entries. ► Originality Unlike typical ATR trailing stop indicators that display two lines or static colors, ATR Trend Color simplifies visualization by using a single smart line with real-time visual feedback on trend direction. Additionally, it uses the “Step line with diamonds” display mode to enhance readability in fast or noisy markets.
Penunjuk Pine Script®
oleh Aleksin_Aleksandar