Multi-timeframe Stochastic RSIThe multi-timeframe stochastic RSI utilizes stochastic RSI signals from 11 different time-frames to indicate whether overbought/oversold signals are in agreement or not across time-frames. Ideally traders should enter and exit when conditions are in agreement as indicated by the intensity of the long (green) or short (red) bands at the top and bottom of the indicator. The intensity of the bands indicates how many of the time-frames are currently overbought/oversold.
Multi-timeframe
EMA Levels, Multi-TimeframeThe exponential moving average (EMA) tracks price over time, giving more importance to recent price data than simple moving average (SMA). EMAs for larger timeframes are generally considered to be stronger supports/resistances for price to move through than smaller timeframes. This indicator allows you to specify two different EMA lengths that you want to track. Additionally, this indicator allows you to display not just the EMA levels of your currently viewed timeframe on the chart, but also shows the EMA levels of up to 4 different timeframes on the same chart. This allows you to quickly see if multiple EMA levels are aligning across different timeframes, which is an even stronger indication that price is going to meet support or resistance when it meets those levels on the chart. There are a lot of nice configuration options, like:
Ability to customize the EMA lengths you want to track
Style customization (color, thickness, size)
Hide any timeframes/levels you aren't interested in
Labels on the chart so you can tell which plots are the EMA levels
Optionally display the plot as a horizontal line if all you care about is the EMA level right now
RSI Levels, Multi-TimeframeThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price is going to meet the 30 or 70 levels. The reason the 30 & 70 levels are important is because many traders (and bots) use those as signals to buy (at 30 RSI) or sell (at 70 RSI). Additionally, this indicator allows you to display not just the RSI levels of your currently viewed timeframe on the chart, but also shows the RSI levels of up to 6 different timeframes on the same chart. This allows you to quickly see if multiple RSI levels are aligning across different timelines, which is an even stronger indication that price is going to change direction when it meets those levels on the chart. There are a lot of nice configuration options, like:
Style customization (color, thickness, size)
Labels on the chart so you can tell which plots are the RSI levels
Optionally display the plot as a horizontal line if all you care about is the RSI level right now
Toggle overbought (RSI 70) or oversold (RSI 30) on/off completely
+ Donchian ChannelsThis version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis of my idea around my Ultimate Moving Average.
Besides the single top and bottom plot for the DC's extremities, I've enabled the ability to create outer bands with a variable width that the user can adjust to their preference. I think it's quite nice. I use it in the DC in my other non-overlay indicators.
Besides this additional functionality, the indicator has options to plot lines between the basis and the upper and lower bands, so, basically, splitting the upper and lower channel in half.
There is no magic number to the lookback. I chose 233 as default because it's a fibonacci sequence number and I'm more interested in using the DC like a very long period bias indicator, and the longer lookback gives a much wider window (because highs and lows are so spread apart) with which other faster indicators (supertrend, shorter period moving averages, etc.) can work without making the screen a clutter.
The color of the basis may also be made relevant to higher timeframe information. What I mean by this is that you can set it so that the basis of the current timeframe is colored based on the candle close of the higher timeframe of your choosing. If you're looking at an hourly chart, and you set the color to Daily, the basis will be colored based on the candle close (above or below the basis) of the previous day. If the previous daily close was above the basis, that positive color will be reflected in the basis, even if the current hourly candle closes are below the hourly basis. This could potentially be useful for setting a higher timeframe directional bias and reacting off price crossing the lower timeframe basis (or whatever your trigger for entering a trade might be). This is also optional in my Ultimate Moving Average indicator.
You can also set the entire indicator to whatever time frame you want if you want to see where the actual basis, or other levels are on that higher timeframe.
Further additions include fibonacci retracement levels. These are calculated off the high and the low of the Donchian Channels themselves.
You will see that there are only three retracement levels (.786, .705, .382), one of which is not a fib level, but what some people call the 'OTE,' or optimal trade entry. If you want more info on the OTE just web search it. So, why no .618 or .236? Reason being that the .618 overlaps the .382, and the .236 is extremely close to the .786. This sounds confusing, but the retracement levels I'm using are derived from the high and low, so it was unnecessary to have all five levels from each. I could have just calculated from the high, or just from the low, and used all the levels, but I chose to just calculate three levels from the high and three from the low because that gives a sort of mirror image balance, and that appeals to me, and the utility of the indicator is the same.
The plot lines are all colored, and I've filled certain zones between them. There is a center zone filled between both .382 levels, and an upper and lower zone filled between the .786 and either the high or the low.
If you like the colored zones, but don't like the plots because they cause screen compression, turn off the plots under the "style" tab.
There are alerts for candle closes across every line.
I should state that, regarding the fibs, obviously the length of the Channels is going to affect to what levels price retraces to. A shorter lookback means you will see more changes in highs and lows, and therefore retraces are often going to be full retraces within the bands unless price is trending hard. A longer lookback means you will see smaller retraces. Using this in conjunction with key high timeframe levels and/or a moving average can give great confidence in a trade entry. Additionally, if you have a short bias it may help in finding levels or entering a trade on a pullback. It could also be good for trade targets. But again, the lookback you choose for this indicator is going to dictate its use in the system you're building or already have. A 9 EMA and a 200 EMA, while fundamentally the same, are going to be used somewhat differently while doing your chart analysis.
Additional images below.
Same image as main, but with supertrend and my +UMA to help with chart analysis.
Image with the fib stuff turned on.
Zoomed out image with the same.
Shorter lookback period.
Zoomed in image of shorter lookback.
MTF DPO-RSI IndicatorThis indicator uses the principle of taking the RSI of DPO readings across multiple time frames in order to provide trade signals and an overarching view of market conditions to the trader. My hope with creating this indicator was to present more divergence based signals than your typical indicator, while still keeping those signals at a high quality.
In the settings menu, you may specify:
Indicator Timeframe - the chart resolution that is used to calculate values.
Source DPO Length - the number of bars used to calculate the Detrended Price Oscillator value. The DPO value is the source for the RSI calculations.
DPO Hull Smoothing - how much smoothing is applied to the DPO . Smoothing is accomplished by taking a Hull Moving Average of the closing price, and using this to calculate the DPO value.
RSI Length - the number of bars used to calculate the RSI of the DPO value.
Time Multipliers 1 through 6 - use this to define what resolution each plot will represent. A value of 1 will represent the current Indicator Timeframe. A value of 3 will represent 3 times the current Indicator Timeframe, etc.
Show Plot 1 through 6 - toggles the display of plots.
How I trade with this indicator:
A value of under 30 represents an over sold state for that particular plot. A value of over 70 represents an overbought state for that plot.
Identify divergences on a lower timeframe plot which are apparent in overbought or oversold conditions, and confirm the signal with an overbought or oversold condition, or a divergence on a higher timeframe plot. Divergences which begin in oversold or overbought territory and end inside the 30-70 range tend to be more reliable signals, in my experience. Like all indicators, this is best when used in conjunction with other indicators. Trend indicators, such as double EMA's and Supertrend are my favorite pairing, and a stochastic RSI is a good tool to have as well.
This is my first published indicator! If you find unique ways to use it, drop me a message. I'd love to know what you find. :)
Volume Zones Multi-Timeframe OverlayAt its core, this indicator is a variation of my other indicator, Welkin Advanced Volume Overlay (for VSA )
This version is based on the power of multi-timeframe analysis. The basic functionality is simple: Plot lines from the high and low of candles formed during periods of high volume and fill the space between them. The volume levels for deciding what counts as "high volume" are based on standard deviations of the volume's SMA , and the higher the volume , the brighter the zone. i.e., a volume zone set by a volume level that is 4 standard deviations higher than average will be more "filled in" and less transparent than a volume zone from a 2 standard deviation candle.
These zones tend to act as areas of congestion, and the "ceilings" and "floors" of the zones as support and resistance . Overlapping zones tend to indicate strength and are likely to require more effort to get through. The more timeframes that agree with each other, the stronger the zone, ceiling, or floor.
By default, these zones are drawn based on the chart's timeframe and 1 timeframe higher, automatically set based on some "standard" values:
1m -> 5m
5m -> 15m
10m -> 30m
15m -> 60m
30m -> 60m
60m -> 1d
1d -> 1w
Finally, both the base timeframe and the higher timeframe are customizable; this is intended to make it easy to "double" up copies of the indicator to fit even more timeframes on the chart, creating a sort of heatmap for volume price analysis.
An example of three copies of the indicator, showing volume zones from 6 different timeframes.
Multi timeframe Stochastic RSI Screener by noop42Here is a custom x4 timeframes Stochastic RSI screener to add on your charts.
Options
Repaint mode : if enabled: values are updated in live, if disabled: values are updated once the concerned candle is closed
Default parameters
Timeframes: 1, 5, 15, 60
Repaint mode: enabled
Notes
Use the lowest timeframe configured on the screener to get real values
A classic x3 multi-timeframe Stochastic RSI indicator is also available
MTF StochRSI indicator by noop42Here is a custom x3 timeframes Stochastic RSI indicator.
Main Features (can be disabled)
Average mode : for each timeframe, a single line corresponding to the average value between K and D is printed
Repaint mode : if enabled: values are updated in live, if disabled: values are updated once the concerned candle is closed
Default parameters
Timeframes: 1, 5, 15
Mode : Average value
Repaint mode: enabled
Macd Divergence + MTF EMA MACD Divergence + Multi Time Frame EMA
This Strategy uses 3 indicators: the Macd and two emas in different time frames
The configuration of the strategy is:
Macd standar configuration (12, 26, 9) in 1H resolution
10 periods ema, in 1H resolution
5 periods ema, in 15 minutes resolution
We use the two emas to filter for long and short positions.
If 15 minutes ema is above 1H ema, we look for long positions
If 15 minutes ema is below 1H ema, we look for short positions
We can use an aditional filter using a 100 days ema, so when the 15' and 1H emas are above the daily ema we take long positions
Using this filter improves the strategy
We wait for Macd indicator to form a divergence between histogram and price
If we have a bullish divergence, and 15 minutes ema is above 1H ema, we wait for macd line to cross above signal line and we open a long position
If we have a bearish divergence, and 15 minutes ema is below 1H ema, we wait for macd line to cross below signal line and we open a short position
We close both position after a cross in the oposite direction of macd line and signal line
Also we can configure a Take profit parameter and a trailing stop loss
Hx MTF Sorted MAs Panel with Freeze WarningThis script displays the close price and 4 sorted moving averages of your choice in a small repositionable panel and, when used on a higher timeframe, warns you when values may be different from actual values in the higher timeframe, inciting you to double check the actual values of the moving averages in the higher timeframe the panel is supposed to reflect.
The 4 moving averages and close are sorted together, providing you with a bird’s-eye view of their relative positions, the same way moving averages and last price values are displayed on the right scale.
The black header reminds of:
(1) the timeframe (resolution) used in the panel
(2) the remaining time before a new bar is created in the panel timeframe. Note that this remaining time is different from the one on the right scale, since it is only updated when a new transaction occurs.
Below, price and moving averages are sorted, color coded and followed by:
(1) a trend indicator ↗ or ↘ meaning that last change is up or down
(2) the number of bars since the moving average is above or below close (0 means current bar). This is obviously not displayed after the close price line (white background color).
Use
This panel was basically developed to display higher timeframe data but it can also be used with the same timeframe as chart for example if you do not want to plot moving averages on your chart but are still interested in their trends and relative positions vs price.
If you see something strange (like header is not black and displays NaN), it just means you requested moving averages that are not available in the panel timeframe. This may happen with newly introduced cryptos and “long” MA timeframes.
Different Timeframe
If you choose to use the panel on a different timeframe than the current one, be aware that you should only use timeframes higher than the current one, as per Tradingview recommendations.
If you select a lower timeframe than the current one, the panel timeframe header cell will turn to the alert color you set (fuchsia by default).
After tinkering for a while with the security function, I noticed that sometimes indicator values “freeze” (i.e. stop udating) and I have found no workaround.
What I mean is that when you look at a sma on a 5 minutes timeframe (the reference) and look at this same sma on a 5 minutes timeframe but from a lower timeframe through the security function set with a timeframe of 5 minutes, values returned by the security function are not always up to date and “freeze”. That’s the bad news.
Freeze warning
The better news is that this unexpected behaviour seems to be predictable, at least on minutes timeframes and I implemented an indicator that endeavors to detecting such situations. When the panel believes data may be frozen, the ‘Remaining Time’ header cell will turn to the alert color.
This feature is only implemented on minutes timeframes and can be switched on or off.
Other points of interest in this script
If you code, this function may also interest you:
sortWithIndexes (arrayToSort) returns a tuple (sortedArray, sortedIndexes) and therefore allows multi-dimensional arrays sorting without actually implementing a sorting algorithm 😉.
Default Settings
The default settings provide an example of commonly used moving averages with associated colors ranked from Hot (more nervous) to Cold (less nervous).
These settings are just an example and are NOT meant to be used as a trading system! DYOR!
Hope it will be useful.
Does the Freeze warning work for you? What do you think of my pseudo sorting algorithm?
Enjoy and please let me know what you think in the comments.
MTF Candlestick Patterns Screening [tanayroy]This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart.
Options available for trend detection, lookback period, and selecting candle pattern.
Please like, comment, and follow.
OGT RSI MTF IndicatorThe OGT RSI MTF Indicator allows you to see when the RSI is overbought/oversold on multiple timeframes simultaneously.
Indicator settings
You have the ability to customise the RSI period as well as the OB/OS levels. What sets this indicator apart is that it you can select the timeframes which the RSI is OB/OS.
How is this displayed on the chart, and how can I make money with this indicator?
One of the most popular applications of the RSI indicator is that it can be used as a reversal signal when an instrument comes out of OB/OS. You can stack the odds in your favour when multiple timeframes are OB/OS at the same time which can have a higher probability of a pullback.
When the selected timeframes are OB, shaded red lines will appear. This indicates that a possible reversal to the downside is coming and you may want to look for a short position or closing an open position.
When the selected timeframes are OS, shaded green lines will appear. This indicates that a possible reversal to the upside is coming and you may want to look for a short position or closing an open position.
There is also a handy visible grid which shows the current RSI values for the selected timeframes.
The RSI MTF indicator combined with regular divergence and/or support & resistance can be a powerful trading strategy.
Multi-timeframe MAs + Stoch RSI SignalsHello traders,
I welcome you to my first published script on TradingView: “Multi-timeframe Moving Averages + Stochastic RSI”.
The script is based on a simple formula: Buy signals are generated when a fast moving average is above a slower moving average (uptrend) and the Stochastic RSI K line is crossing above the oversold level (entry).
Sell signals are generated when a fast moving average is below a slower moving average (downtrend) and the Stochastic RSI K line is crossing below the overbought level (entry).
This indicator works best in strong trends!
**Please note the above example has repainting turned on which may produce unrealistic results when viewing historical data. See below for more information regarding this and how you can turn it off.**
The user has the following inputs:
- Option to change the Stochastic RSI settings, including the oversold and overbought levels.
- Option to enter any value for both the Fast Moving Average and the Slow Moving Average.
- Option to change between EMA or SMA for each moving average.
- Multiple time frames to choose from, as well as the ability to selectively turn off individual time frames (both plots and alerts).
(Default time frames are 1 hour, 4 hour, and Daily. You can have a 4th time frame by changing your current time frame to something lower than the other 3 time frames)
- Turn on/off repainting: If repainting is turned on you will get an alert and buy/sell signal on chart immediately when condition is met, however the signal may disappear from chart if the condition reverses during the same candle.
If repainting is turned off, the indicator will wait for the candle to close before issuing the alert and painting the signal on chart.
For higher time frames, the indicator will wait for the candle in the higher time frame to close before issuing a signal if repaint is turned off. Default is set to Repaint on, so please be aware of this if you do not want repainting.
How to use alerts:
- Before you do anything, make sure your current time frame is the lowest time frame you’d like alerts on, as you will still receive alerts for the higher time frames you selected in settings.
- Once you have all the settings changed to how you like, save your chart first. Then right click on any of the indicator’s buy/sell signals on the chart and click “Add Alert on MAs + Stoch RSI”.
- Make sure “Any alert() function call” is selected under the Condition.
- You can delete or change the text in “Alert name” if you want as the alert message is already built into the indicator, and it will tell you in the alert message which asset and time frame to buy or sell.
Other things to note:
- The indicator will not display the buy/sell signals of lower time frames when you are on a higher time frame. This was done purposely to reduce clutter on the chart when you switch to higher time frames.
- While the alert message will tell you which time frame a signal was generated, the plots on the chart will instead show “Buy/Sell TF1, or TF2, or TF3”.
If the signal is from the current time frame that the alert was created on, then it will simply show “Buy” or “Sell”.
Hope you guys enjoy using this one, please drop a like if you found it useful. If anyone wants to modify my script in any way, please just credit me for the original work when you publish the script. Good luck!
Multi-Currency & Multi-Timeframe SMA Summary Table
This script displays a summary table of the direction of simple moving averages of all the currencies on all timeframes. The concept was that I wanted a summary page giving me a birds eye view of what is happening in the market. I plan to use it as a common sense check to confirm that I'm not trading against the flow. I'm not planning to use it to blindly enter (ah if only trading was that easy!!!).
The above example is showing the direction of the 100 SMA for 30S, 3min, 15min, 1h, 4h, D for all the currencies. The base currency is adjusted so that the colour coding is adjusted to express the strength of the specific currency. For example in the case of CAD it is showing the directions of SMAs for CADNZD, CADAUD, CADJPY, CADCHF, CADEUR, CADGBP, CADUSD - the base currency is flipped on some pairs so CAD is always the base currency.
An example of what it is showing - look at the 1h column on JPY. All rows are red except for the chf row. This means that the 100SMA is pointing down on all JPY crosses except for JPYCHF (remember, SMA is down assuming JPY is the base currency).
Unfortunately, I could not fit all the script into a single indicator so you have to load an instance of the indicator into the chart for each timeframe you want to see. So the above example has 6 instances of the indicator overlaid - 1 instance for: 30S, 3min, 15min, 1h, 4h and D. Just choose the timeframe and the script will automatically organise the table.
At the bottom (in blue) is a summary score: a score of 7 = the MA is up on that timeframe on all currency crosses; a score of -7 = the MA is down on that timeframe on all currency crosses. So if you look at the example above, the blue row is showing that USD is very strong against all other currencies and the AUD is generally weak against all other currencies (notice the light blue vs the dark blue).
-You can choose the length of the SMA.
-You can chose the 'lookback' period (the bars back the script looks to compare whether the MA is getting higher or lower)
-You can change the colours
-You can adjust the table size to fit your monitor size
I hope its useful - I tried it yesterday and it kept me focused on USD strength (and not get seduced by temporary USD weakness). So it is doing what I designed it to.
Hope its useful. Good luck!
John
Bjorgum MTF MAScope:
Up to 3 MA's can be applied at the users discretion
Choose between 10 different average types including favorites from the Bjorgum series from HEMA to Reversal T3's
Each MA can be independently set
Go Multi-timeframe! Any MA can be set to any timeframe of reference you choose (ex. using 3 different timeframes of higher resolution to your chart reference to establish a multi-time frame trend)
RSI HEATMAP. Use the bar color or the MA color selection toggle to set your color to reference RSI on a gradient. This helps to establish clear visual reference to momentum on top of trend analysis
Assigning RSI bar color to an MA of a higher time frame can allow you to see visual reference of momentum of the greater trend that may be at play.
Example: trying to get short on a 15min while your 1hr and 4hr RSI Heatmap burns deep in oversold.
RSI color can be assigned to the bar color, the MA (1,2 or 3), or both. Alternatively, bar color can be assigned to a more simple rising/ falling MA color and price above/ below the MA for bar color.
ALL MTF FUNCTIONS ARE NON_REPAINTING.
The Idea
The original inspiration behind the script came from an observation of a constant struggle of Pinecoders of both youth or experience to find accurate multi-timeframe indicators that do not repaint, and appear as should on historical bars, while performing reliably in real time. I encourage you to scroll the Pinecoders FAQ on a recent piece explaining the difficulties and caveats of different approaches, but I would like to reference the elimination of the historical bar offset for THIS purpose. MA's are based on closing prices, that is to say they are confirmed and will not change once the bar has closed. There is no need to offset these for historical reference. The purpose of the historical offset is best exemplified, for example, with an intraday strategy involving daily breakouts. Let's entertain going long on a break to a new daily high. We would not know that in real time so we need to reference the previous bars close for BACKTESTING purposes, otherwise we get "lookahead bias". There is no shortage of strategies unintentionally employing this bias out there (I'm sure you have come across them with their unrealistic results).
There is no worry of repainting with the MTF security function included within this script, nor will it offset for something involving lookahead bias. I encourage those that are playing with the code or perhaps writing strategies of their own to borrow the functions within. There is also a function that will return the 10 MA variable selection - yours to keep.
With all that in mind, I wanted a practical script that is easily deployable in everyday trading for the average trader that gives the user a firm grip on their trading steering wheel equipped with the feel of the road. Incorporating several MA's of differing times with the RSI heatmap gives a good visual reference and feel to your trading environment, while offering a level of customization that will fit an individuals personal trading style. The RSI heatmap gradient is per percentage between 30 and 70 and your 2 colors - anything outside of those levels gives you the vibrant bias color
Below I walk through 2 examples of live trades scenarios I made using the mindset the script offers.
The Trade
LONG IZEA
Timeframe: 4hr chart
- 3 Tilson MA's of varying length are deployed at varying intraday time frames
- A bullish pattern in an uptrend offers a possible trade allowing entry from a low risk point from the pattern low
- See the chart for notes and observations using the script
- Notice how the heatmap brightens up as price extends far away from the averages - your risk has elevated for a new position
- Notice the heatmap cool off while price action consolidates sideways
The Trade
SHORT BTCUSDT
Timeframe: 4hr chart
- 3 EMAs are employed - same length (50), with 3 successive timeframe resolutions
- A downtrend is formed with a sharp move to stack the EMAs into layers
- A pull back opportunity presents itself in bearish consolidation
- Notice a Doji star at resistance establishing a swing high as RSI cools off into the EMA dynamic resistance for entry
- An '"equal legs" measured move can be used for a trade target with a stop out above the swing high.
- Again, take note of distance from EMA's, the heatmap in combination with trend development surrounding the MA's
These were just two ideas to show you an example of how to implement some strategy into your trading and to get some interesting use from the indicator. Hope you enjoyed the read and happy trading.
CM MACD Custom Indicator - Multiple Time Frame - V2***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_MacD_Ult_MTF _V2 Update 07-28-2021
Thanks to @SKTennis for help in Updating code to V2
Added Groups to Settings Pane.
Added Color Plots to Settings Pane
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature
Updated Color Transparency plots to work in future update
Added Ability to Turn ON/OFF Show MacD & Signal Line
Added Ability to Turn ON/OFF Show Histogram
Added Ability to Change MACD Line Colors Based on Trend
Added Ability to Highlight Price Bars Based on Trend
Added Alerts to Settings Pane.
Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (CM_Ult_MacD_MTF_V2)
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert
Alerts are Pre-Set to only Alert on Bar Close
See Video for Detailed Overview
New Updates Coming Soon!!!
***Please Post Feedback and Any Feature Requests in the Comments Section Below***
Moving Average Ribbon [TheBearFighter]
This code was written using:
•Pine Script Coding Conventions.
This script provides a very useful tool for new community users and professionals. It puts at your disposal a Moving Average Ribbon by hand to graph and easily find the ones with the highest performance. The creation of this script was motivated because in free TradingView accounts there is a limit of 3 indicators by chart, and with this tool you can draw up to 32 MA's at the same time!
Choose one of 10 types of MA´s:
•KAMA Kaufman's moving average.
•HULL Hull moving average.
•TEMA Triple exponencial moving average.
•LSMA Least square moving average.
•DEMA Double exponencial moving average.
•ALMA Arnaud Legoux moving average.
•WMA Weighted moving average
•EMA Exponencial moving average.
•VWMA Volume Weighted moving average.
•SMA Simple moving average.
Use the tooltips to know the lengths of MA´s.
A main characteristic of the script is that the lengths are in days but when changing the lowest timeframes, the same daily resolution is maintained. This gives us extreme precision in intraday timeframes, e.g 30 minutes.
Once this is understood, we can turning the MA´s on/off, and changing the timeframe to our liking.
Available timeframes: M, W, D, 4H, 1H, 30m, 15m, 5m.
Also the MA´s are colored for easy visualization and know if they grow or decrease.
Thank´s to @midtownsk8rguy to let me know more about HEX colors.
Thank´s to @HPotter for his KAMA.
Breakout Trend Follower V2This is a variation on my other Breakout Trend Follower script. In the other script, you can use a moving average to act as a filter for your trades (i.e. if the price is below the moving average, it won't go long). After making the tool that detects trends on higher timeframes, I wanted to see if that might be a better filter than a moving average.
So this script lets you look at higher time frame trends (i.e. are there higher highs and higher lows? If so, this is an uptrend). You only take trades when you are with the trend. You have the ability to select up to two trends to act as a filter. Each trend direction is shown on a table on the chart for easy reference. The current pivot highs and lows are plotted on the chart so you can see when you might be breaking both the current timeframe's trend and higher level trends.
What I found was that in general this does not perform as well as the other strategy, but it does seem to be a lot more picky with trades. Showing higher win rates and a better profit factor. It just takes a lot less trades and the net profit isn't as good.
Multi Pivot Points - All in One IndicatorThis multi pivot indicator allows you to plot and overlay different types of pivot points:
-Fibonacci
-Floor Traders
-Camarilla
In addition to this, you can plot pivots from two different timeframes of your choice, for example the daily & weekly pivots, monthly & yearly, etc.
-You can select the linestyle, width and color of each pivot type for easy recognition of levels.
-You can choose to show only the current set of pivots or you can show the historical levels too.
This indicator allows traders to search for high probability targets or support and resistance zones via the confluence of both different pivot types and timeframes. These levels can work for either day traders or longer terms traders.
In the case of Fibonacci levels these can be chosen in the menu.
Enjoy!!
MM MTF HeatmapThe MM Mtf HeatMap can scan multi symbol and multi timeframe on any given market
it detects trends with options on what type of trend detection moving average and smoothing type you prefer based on your backtest.
detects trends on four selectable timeframes
10 selectable symbols
Directions are simple
make sure you are using this on a lower timeframe your lowest selected timeframe is on. for example if your lowest timeframe is the 15min
make sure you are using current charts below the 15min like the 10 or 5min
selectable moving averages
are the
SMA
EMA
Tema
WMA
Hull
Variable
This HeatMap displays the trend overall market you are trading at one glance (Talk about top down analysis)
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Link below or PM us for access to this indicator Happy Trading
Cyclic Smoothed RSI MTFAdaptive cyclic smoothed Relative Strength Indicator (csRSI MTF)
The cyclic smoothed RSI MTF indicator is an enhancement of the RSI , adding zero-lag smoothing, adaptive oversold/overbought bands and period color highlighting from higher timeframe to filter signals.
Providing the following advanced features:
using the current dominant cycle length as input for the indicator to ensure more accurate change in trends,
additional smoothing without introducing lag and maintaining clear sharp turns for signal generation,
adaptive upper and lower bands to avoid whipsaw trades and adapt the indicator to trending/cyclic conditions,
using higher time-frame csRSI oversold/overbought conditions to automatically highlight time windows with green/red backgrounds on the indicator panel for signal filtering and/or alert rules,
can be used to trigger alerts on your key symbols to get informed when a red/green windows are reached.
The following common problems with standard indicators are solved by this indicator:
First, normal indicators introduce a lot of false signals due to their noisy signal line. Second, to compensate for the noise, one would normally try to add some smoothing. But this only results in adding more delay to the indicator, which makes it almost useless. Third, oscillators contain static threshold levels to define oversold/overbought conditions. However, the market is not static and changes between trending and cycling periods. In trending periods, these static oversold/overbought levels are useless ore will trigger too much whipsaw trades. Finally, indicators don't take their state from other timeframes into account to filter signals.
All four problems described above are solved by the developed adaptive cyclic RSI with embedded MTF period highlighting.
Examples
S&P500 EMini Futures - csRSI 2H chart / 1D filter example signals
S&P E-Mini Futures 2h chart with daily higher time-frame filtering period for the csRSI, showing the standard RSI in the lower panel for signal comparison, signals from the csRSI are marked on the price chart
Bitcoin BTC /USD - csRSI 2H chart / 1D filter example signals
Bitcoin BTC /USD 2h chart with daily higher time-frame filtering period for the csRSI, signals marked
EUR/USD Forex - csRSI 20min chart / 2h filter example signals
EUR/USD 20min chart with 2H higher time-frame filtering period for the csRSI, signals marked
Info:
All three examples are setup with the basic standard settings and no additional parameter adjustments. The placed arrows on the price/indicator panel and the projection price areas have been added manually to visualize the signals for an discretionary trading approach. They are derived based on standard technical indicator oscillator readings (signal turn above/below bands). Due to the nature of the indicator (ultra-smooth, sharp curves, dynamic bands), these signals are easy to spot, and will help to avoid whipsaw trades in volatile conditions.
Settings & Parameter
The Inputs section allows you to select the time frame for the indicator signals. We recommend keeping the indicator time-frame according to your chart time frame ("Same as chart"). The cycle length allows to improve the signals by entering the dominant cycle length of the analyzed dataset. This parameter is optional if the current dominant cycle is not known. In that case, leave it at 20. The dominant cycle length can even improve the indicator signal generation. The examples above have not been optimized by using the dominant cycle length and just used the standard setting of 20.
The MTF CYCLE FILTER area is used to set the time-frame used as filter to plot the colored indicator background in red and green areas when the higher time-frame indicator is above (red) or below (green) the dynamic bands. These indicate the period of time with high probability to look for signals on the main indicator line.
The MTF Resolution parameter input is important for generating the highlighted red/green areas on the indicator panel. You must enter a higher time-frame than your indicator time-frame in order to get the reliable highlighting. We recommend the following combinations of trading time-frame and filter time-frame resolutions:
Chart Timeframe | MTF Indicator Highlighting Resolution
------------------------------------------------------------------------
20 min | 2 h
2 h | 1 d
You can enter the current dominant cycle length on the chosen higher time-frame resolution to even further optimize the indicator accuracy in the field "MTF CYCLE FILTER - Cycle Length".
The Style sections allows to active/de-active individual plots. The standard setting disables the higher time-frame csRSI indicator which is only used to indicate the colored areas. If required, you can also enable the MTF indicator and adaptive bands to be plotted in the same indicator panel. The values shown in the style section also indicate which values are available for individual alert generation.
Automatic Signals & Alerts
It is possible to create your own automatic signals with the csRSI MTF indicator using the TradingView alert function. Click on the three dots "More" beside the indicator name label and select "Add Alert on csRSI ..." from the context menu. For example, if you want to receive an alert when the high probability periods (red/green highlighted areas) have been reached for a symbol without manually watching the indicator panel, you can set up a custom alert. The csRSI indicator provides the raw values necessary to set up your alarm conditions. Set the "CSRSI MTF" as the value for the "Out of Channel" condition and select the "HigBand MTF" and "LowBand MTF" indicator values as the upper and lower limit parameters in the alarm's dialog box. Once you have set up this alarm, you will not need to monitor your charts manually. The TradingView alert will inform you as soon as an important time zone is reached. These are the situations when you would open the chart and watch for trigger signals on the indicator line. If you set up this alert as an email, you can even focus on other things and let the csRSI MTF highlighter condition alert you when you should pay attention to the trading chart.
Usage & Trade Signals
Classic rules apply as with every technical oscillator. In addition use this indicator to identify the following conditions:
Indicator turns above/below the adaptive upper and lower bands (expected trend reversals)
Indicator crosses below upper band / crossed above lower band (start of trend reversal)
Indicator crosses above upper band / crossed below lower band (trend continuation/confirmation)
Divergence between price / indicator indicate strong signal confidence
Hidden divergences between price/indicator indicate string signal confidence
After strong price movements, wait for the second signal confirmed by a divergence
Use the mentioned conditions in the highlighted red/green periods indicated by the MTF settings
Purpose & Disclaimer
This indicator is not designed for use as an automated trading strategy. This is an improved technical indicator using the dominant cycle to provide its advanced features. The basic applications of technical analysis for using oscillators apply. The script is intended for use in discretionary trading and can be used as a part of automated systems. Indicator signal failures will occur as you should expect with every technical indicator. If you are not sure if this indicator might help your trading style, please try and check our open source public version which will give you basic understanding upfront.
Basic open-source public version
This indicator is an advanced version of our public available open-source cyclic smoothed RSI indicator named "RSI cyclic smoothed v2". The advanced invite-only version provides fully automatic time frame highlighting by using a cyclically smoothed RSI from a higher time frame to indicate time frames with high probability signals. These high probability windows are highlighted when the indicator from the higher time frame is in dynamic overbought or oversold territory. You will find the basic open-source public version here below for your own review:
How to get access
Please check the "authors instructions" section for further details.
MTF Trend WidgetThis indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart.
It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more effective to see if the higher timeframes were actually trending or not in a certain direction.
For the purposes of this indicator, an uptrend is defined as higher highs and higher lows. So if currently in a downtrend and the highs are broken, the indicator will flip to an uptrend because now we have a higher high. Vice versa for downtrends.
The user can choose the lookback period for defining these highs/lows (the pivot points). A smaller lookback number will give you more frequent pivot points.
The user can toggle on visibility of all historical pivot points to make sure the frequency and placement of the swing highs/lows is to their liking.
The user can show the support/resistance lines of those most recent swing high/low points on the multiple timeframes as well.
When these lines are breached, that is when the trends change, so you can see if you are close to changing any longer term trends.
My hope is that this gives people a quick glance at the overall trend without having to cycle through different timeframes.
+ Accumulation/DistributionThis is an updated version (with lots of extras added) of the Accumulation/Distribution indicator coded by @Cl8DH.
You can read about what he says about his indicator, and how to use it, here:
So, from that, what have I done?
I added a moving average (of which there are many types to choose from) so that you can use this as a "two lines cross" indicator, as well as a "mid-line cross" indicator.
I added Bollinger Bands (primarily for when "range" is turned off, but if you want to use the Bands with it in fixed range mode too, that's fine. You do you.).
I added candle coloring for both ways of using this indicator:
In rangebound mode there is overbought and oversold coloring, as well as bullish (ADP above the MA and median) and bearish (ADP below the MA and median), and neutral (ADP is above the MA but below the median, or below the MA and above the median). With range turned off there is no overbought or oversold of course. Above the MA and median is bullish, below both is bearish, and neutral covers that grey area where it's neither one nor the other.
The indicator itself is also colored in the same way the candles are. The MA and BBands are biased colored as well (green/red).
Alerts for pretty much every condition imaginable.
Please note in the image above the indicator is pretty gaudy. I don't use it like that, and you can turn a lot of that stuff off (lines, shading, etc.). That is just the default settings.
Like I said, I think Bollinger Bands make most sense if you have it set to range off, but they could be useful either way. Depends on you, the trader.
The candle color is 100% based on the moving average, so if you are using the BBands, set your MA to the default 20 SMA because that's what BBands use for the basis. If you just turn off the MA, whatever it is set to the indicator will still see that and use it (unless you turn off candle colors) to color the candles.
Above is the same image, but just with range turned off, and the Bollinger Bands turned off.
That's all. Hope you like this! It's becoming a favorite of mine, and a lot of what I've implemented here will be added to my previously released indicators, as well as any new ones.
