Triple Kijun Trend by SpiralmanIspired from "Oscars Simple Trend Ichimoku Kijun-sen" by CapnOscar
Script displays 3 kijun lines: one for current TF, second one emulates it for TF 4 times higher, third one for x16.
For example on 1H chart there will be 3 kijuns: one for 1H, second one for 4H (emulated), third one for 16H (emulated).
Kijuns change colors based on their position relative to price.
Kijun Sen
The base line, the slower EMA derivative, and a dynamic representation of the mean. With that said, the Kijun serves as both critical support and resistance levels for price. How does it work, and why would the Kijun be superior to commonly used moving average indicators? Fun fact: The Kijun dynamically equalizes itself to be the 50% retracement (or 0.5 Fibonacci level) of price for any given swing, and price will ALWAYS gravitate to the Kijun at some point regardless of how far above or below it is from it. By taking the median of price extremes, the Kijun accounts for volatility that other MAs or EMAs do not. A flat horizontal Kijun means that price extremes have not changed, and that the current trend losing momentum. Crypto-adjusted calculation: (highest high + lowest low) / 2 calculated over the last 60 periods.
Cari dalam skrip untuk "市值60亿的股票"
SMA 4-602 скользящие средние линии ( simple moving average ) с периодами 4 и 60. Отлично показывает точки входа (в момент пересечения). подходит для краткосрочной торговли на валютных парах.
BB 120 + 60TEMA + 5/10ema w/8EMA TriggerClean and simple chart layout
Bollinger Bands 120 --- Showcases long term breakouts and break downs.
60 Exponential Moving Average --- High, Close, Low (Bold Red,Yellow,Green) - Current swing support/resistance pivot area
5/10 Ema --- Golden cross for entry and short term support.
MTF Fisher showcases the 34ema and acts as a visual filter
red-sell green-buyThis indicator is hybrid of some indicator with some modification
The system is very simple (red sell, green buy )
you can use ATR system , part of price system or traditional system . and for each time frame that you use set the TF =tf to same time frame or higher then the frame that you use
Its has many nice functions
but in basic it show you the up trend of the bears compare to the bulls
This is example on same tf with part of price method
here example of using TF 240 over 60 min
Zindarra Multi Alerts Advanced (8 Symbols, 8 Levels) by RRBZindarra Multi Alerts Advanced by RRB by RagingRocketBull 2018
Version 1.0
This indicator lets you configure multiple alert levels for several assets. Zindarra Multi Alerts Advanced supports 8 symbols with 8 custom alert levels.
You can have an M:M relationship betweeen symbols and levels, for example:
- 4 symbols each boxed by 2 alerts above/below the price
- 3 symbols with 1 alert each
- 2 symbols, 1st with 2 alerts, 2nd - with 6 alerts
- 1 symbol with 8 alerts etc
There are several versions: Simple, Pro, Advanced and Ultimate. This is the Advanced version. The Differences are listed below.
- Simple: 10 Alert Levels, 1 plot mode, alert type: cross, no colors/triggered alerts
- Pro: 9 Alert Levels, 2 plot modes: plot/price line, alert type: cross, +change/swap colors, +hide/disable triggered alerts, 2 penetration modes (close, high/low), trigger on confirmed close
- Advanced: 8 Symbols/Tickers, 8 Alert Levels, +alert types: cross up/cross down, no color change. Display sources as lines/candles, normalize, scale/shift independently
- Ultimate: 5 Symbols/Tickers, 8 Alert Levels, +alert types: volume/price %/abs change, volume/ema/time cross
Features:
- 8 custom symbols, symbols:levels = M:M
- 8 custom alert levels with labels. For each alert there must be a corresponding non-empty symbol (can be a duplicate)
- alert types: cross/cross up/cross down
- normalize symbols (and alert levels) to 100% to compare,
- scale and shift each symbol (and alert levels) to position on a chart independently
- 1 alert levels plot mode: plot
- 2 symbol types: line/candles
- colorize symbol candles
- high/low or close level penetration modes
- show/hide levels/labels
- keep or auto disable triggered alerts
- trigger alerts only after a confirmed close
You will see all symbols on a single chart at the same time with their corresponding alert levels. From this chart you can manage all alerts configured for multiple assets.
Although TradingView has 2 percentage scale modes (Percent, Indexed to 100), somehow they still fail to be usefull when comparing multiple assets.
This indicator lets you normalize all symbols to 100% making a direct single scale comparison between assets with vastly different price levels possible.
All alert levels will be normalized as well.
TradingView does not let you move the plots attached to left scale. When scaled they all remain stuck in the center and can't be moved vertically or relative to each other.
This indicator lets you position all symbols independently using individual scale and shift settings. For example, you can:
- split your screen in 3 horiz areas and have a symbol in each of them without overlapping or
- have several partially overlapping assets with different scale each or
- have all assets fully overlapping and normalized to the same 100% scale
You have to manually create an alert in Manage Alerts Panel and configure it to use with this indicator.
Free accounts are limited to only 1 alert slot and this indicator will take it (any existing alerts must be disabled/stopped).
Once the alert is configured, the indicator can be removed from chart to free a slot for another indicator, but you won't see the alert levels.
Usage:
1. attach indicator to a chart
2. define alert levels in UI settings
3. in TradingView's Manage Alerts panel on the right:
- for free accounts: disable/stop all existing alerts, you are limited to 1 alert slot only. Otherwise you won't be able to save.
- create a new Alert:
- select 'Multi Alerts' indicator name in the Condition dropdown box, leave Level 1 and Multi Alerts Cross as default options
- select 'Once Per Bar' or 'Once Per Minute' instead of 'Only Once' to trigger the alert multiple times
5. click Save. Your 9 alerts are enabled now.
Change Settings:
1. change levels/settings in UI. Any changes will also reset already triggered levels visibility.
2. in Manage Alerts panel:
- open/edit the alert you created
- select new instance of 'Multi Alerts' indicator name in the Condition dropdown box (appears at the bottom)
- check the Condition dropdown again - a single instance should remain selected.
3. click Save. Your alert settings are updated.
Notes on using alerts:
- attaching this indicator to a chart and configuring alert levels will not automatically enable the alerts - you have to manually create/configure a new alert in the Alerts Panel
- removing this indicator from chart will not disable the alerts, you have to manually disable the alert you created in the Alerts Panel
- your alert in the Alerts Panel uses another instance (copy) of indicator/settings. Any changes won't affect the alert. You have to manually update the alert every time you change any settings in the indicator.
- recompiling and attaching your own version of indicator will require creating a new Alert (delete the old one).
- alerts are designed to work in realtime. In replay mode you will see triggered alert levels hiding/changing colors but there will be no system alert messages. It's best to test the indicator in realtime on M1 (1 min) chart
- you will only see 1 system alert per bar/60 sec when multiple alert levels are crossed with a single bar or across several symbols at the same time. However all of these levels will hide in the indicator as expected.
- you can only see the alert levels when the indicator is attached to chart, they are not shown by the system alert.
- For source=high/low a directional level penetration is used automatically (crossunder/low and crossover/high). For source=close a standard bidirectional cross is used unless another alert type is specified.
- normalization breaks/distorts alert levels and symbol price - this is normal and is expected. To view the real price of alert levels uncheck normalize - the first 8 outputs are alert levels. Unnormalized levels are straight lines.
- you will see alerts from all symbols in the system alert message box of the current symbol - a bit confusing, but there's no workaround, you can't have a customized alert message for each symbol/level
- many tickers as arguments can stretch/break TradingView's Create New Alert dialog but it's still possible to push all required buttons and Save.
- duplicate symbols will be displayed by default. You can manually hide duplicates using show/hide flags.
- empty tickers (and corresponding alerts) are essentially disabled
1. uses plot*, cross*, barssince, highest, security, alertcondition
Zindarra Multi Alerts by RRBZindarra Multi Alerts by RRB by RagingRocketBull 2018
Version 1.0
This indicator lets you configure multiple alert levels for an asset. Zindarra Multi Alerts supports 10 custom alert levels.
You have to manually create an alert in Manage Alerts Panel and configure it to use with this indicator.
Free accounts are limited to only 1 alert slot and this indicator will take it (any existing alerts must be disabled/stopped).
Once the alert is configured, the indicator can be removed from chart to free a slot for another indicator, but you won't see the alert levels.
This is the Zindarra Multi Alerts Simple version. You can't auto disable already triggered alerts in this indicator. All alerts will remain active.
If you want to be able to hide/disable/change color of the triggered alert levels use the Zindarra Multi Alerts Pro version.
Features:
- 10 custom alert levels with labels
- set open/high/low/close source point for level penetration
- show/hide levels/labels
Usage:
1. attach indicator to a chart
2. define alert levels in UI settings
3. in TradingView's Manage Alerts panel on the right:
- for free accounts: disable/stop all existing alerts, you are limited to 1 alert slot only. Otherwise you won't be able to save.
- create a new Alert:
- select 'Multi Alerts' indicator name in the Condition dropdown box, leave Level 1 and Multi Alerts Cross as default options
- select 'Once Per Bar' or 'Once Per Minute' instead of 'Only Once' to trigger the alert multiple times
5. click Save. Your 9 alerts are enabled now.
Change Settings:
1. change levels/settings in UI
2. in Manage Alerts panel:
- open/edit the alert you created
- select new instance of 'Multi Alerts' indicator name in the Condition dropdown box (appears at the bottom)
- check the Condition dropdown again - a single instance should remain selected.
3. click Save. Your alert settings are updated.
Notes on using alerts:
- attaching this indicator to a chart and configuring alert levels will not automatically enable the alerts - you have to manually create/configure a new alert in the Alerts Panel
- removing this indicator from chart will not disable the alerts, you have to manually disable the alert you created in the Alerts Panel
- your alert in the Alerts Panel uses another instance (copy) of indicator/settings. Any changes won't affect the alert. You have to manually update the alert every time you change any settings in the indicator.
- recompiling and attaching your own version of indicator will require creating a new Alert (delete the old one).
- alerts are designed to work in realtime. In replay mode you will see only the alert levels but there will be no system alert messages. It's best to test the indicator in realtime on M1 (1 min) chart
- you will only see 1 system alert per bar/60 sec when multiple alert levels are crossed with a single bar.
- you can only see the alert levels when the indicator is attached to chart, they are not shown by the system alert.
- a standard bidirectional cross is used for all penetration sources
1. uses plot*, cross*, alertcondition
Zindarra Multi Alerts Pro (9 Levels) by RRBZindarra Multi Alerts Pro by RRB by RagingRocketBull 2018
Version 1.0
This indicator lets you configure multiple alert levels for an asset. Zindarra Multi Alerts Pro supports 9 custom alert levels.
You have to manually create an alert in Manage Alerts Panel and configure it to use with this indicator.
Free accounts are limited to only 1 alert slot and this indicator will take it (any existing alerts must be disabled/stopped).
Once the alert is configured, the indicator can be removed from chart to free a slot for another indicator, but you won't see the alert levels.
If you want 10 alert levels and don't need colors and Pro features - use Multi Alerts Simple version instead.
Features:
- 9 custom alert levels with labels
- 2 plot modes: plot and price line
- high/low or close level penetration modes
- show/hide levels/labels
- change color based on level position above/below price
- keep or auto disable triggered alerts
- trigger alerts only after a confirmed close
- swap level colors
Usage:
1. attach indicator to a chart
2. define alert levels in UI settings
3. in TradingView's Manage Alerts panel on the right:
- for free accounts: disable/stop all existing alerts, you are limited to 1 alert slot only. Otherwise you won't be able to save.
- create a new Alert:
- select 'Multi Alerts' indicator name in the Condition dropdown box, leave Level 1 and Multi Alerts Cross as default options
- select 'Once Per Bar' or 'Once Per Minute' instead of 'Only Once' to trigger the alert multiple times
5. click Save. Your 9 alerts are enabled now.
Change Settings:
1. change levels/settings in UI. Any changes will also reset already triggered level colors/visibility.
2. in Manage Alerts panel:
- open/edit the alert you created
- select new instance of 'Multi Alerts' indicator name in the Condition dropdown box (appears at the bottom)
- check the Condition dropdown again - a single instance should remain selected.
3. click Save. Your alert settings are updated.
Notes on using alerts:
- attaching this indicator to a chart and configuring alert levels will not automatically enable the alerts - you have to manually create/configure a new alert in the Alerts Panel
- removing this indicator from chart will not disable the alerts, you have to manually disable the alert you created in the Alerts Panel
- your alert in the Alerts Panel uses another instance (copy) of indicator/settings. Any changes won't affect the alert. You have to manually update the alert every time you change any settings in the indicator.
- recompiling and attaching your own version of indicator will require creating a new Alert (delete the old one).
- alerts are designed to work in realtime. In replay mode you will see triggered alert levels hiding/changing colors but there will be no system alert messages. It's best to test the indicator in realtime on M1 (1 min) chart
- you will only see 1 system alert per bar/60 sec when multiple alert levels are crossed with a single bar. However all of these levels will hide/change color in the indicator as expected.
- plot modes: price line - changes color of the whole level, style is not configurable; plot - changes color of a level's segment after each cross, configurable style
- you can only see the alert levels when the indicator is attached to chart, they are not shown by the system alert.
- For source=high/low a directional level penetration is used automatically (crossunder/low and crossover/high). For source=close a standard bidirectional cross is used. Colors always change above/below close.
1. uses plot*, cross*, alertcondition
Adaptive Bandpass Trigger Oscillator Ver 3This is an improvement of the Adaptive Bandpass Trigger Oscillator. It adds an option for a multiplier to the dominant cycle to filter out smaller swings.
Feel free to message me if you would like development work or would just like to donate ; )
This is based off of Ehlers' Bandpass Filter system (link below slides 15-17). I then used Ehlers' methods for finding the dominant cycle to automatically input the dominant cycle to the length. Essentially Ehlers runs a band pass with a given period to detrend the price data and highlight a cycle with the given frequency(length). This represents the In phase cycle. Ehlers then creates the trigger line by taking the one bar momentum of the In Phase line, multiplying by 2Pi and then using this to create a 60 degree leading signal. The triggers are crossovers of the In Phase and Lead lines. You can also use conservative signals by waiting for the In Phase line to trend in the direction of the trigger crossover as well.
Delta represents how much to influence the oscillator by the price (Delta 0 is a perfect wave)
Alpha represents how quickly to adapt between the dominant cycle changes in the price.
Thanks to LazyBear for implementing Ehlers' original adaptive code, which I used for this system
Thanks to HPotter for the BandPass Filter code, which I used as a base for implementing the rest of the system
Adaptive Bandpass Trigger Oscillator Ver 2.0This is an improvement of the Adaptive Bandpass Trigger Oscillator. It normalizes the values to 0-100 to allow the addition of overbought and oversold levels. An aggressive trigger would be an inflection point of the trigger line while overbought/oversold and the phase line above/below the midline.
Feel free to message me if you would like development work or would just like to donate ; )
This is based off of Ehlers' Bandpass Filter system (link below slides 15-17). I then used Ehlers' methods for finding the dominant cycle to automatically input the dominant cycle to the length. Essentially Ehlers runs a band pass with a given period to detrend the price data and highlight a cycle with the given frequency(length). This represents the In phase cycle. Ehlers then creates the trigger line by taking the one bar momentum of the In Phase line, multiplying by 2Pi and then using this to create a 60 degree leading signal. The triggers are crossovers of the In Phase and Lead lines. You can also use conservative signals by waiting for the In Phase line to trend in the direction of the trigger crossover as well.
Delta represents how much to influence the oscillator by the price (Delta 0 is a perfect wave)
Alpha represents how quickly to adapt between the dominant cycle changes in the price.
Thanks to LazyBear for implementing Ehlers' original adaptive code, which I used for this system
Thanks to HPotter for the BandPass Filter code, which I used as a base for implementing the rest of the system
www.mesasoftware.com
SMA/WMA histogram with MTF and alertsThis histogram is based on the difference between SMA and WMA (I make it as false MACD to create signals)
Since we have the non repainting MTF function we can see the buy and the sell signals at different time frames.
the color of the histo change according to difference so as the color change from dark red to light red be ready to buy and if color change from dark green to light green be ready to sell. The signal based on cross to the 0 .
since you have MTF in build you can change time frame changing int2 to desire min you want
here 60 min MTF on 30 min graph. you can make any variation you want .it flexible model allow you to find the best setting for your purpose
Adaptive Bandpass Trigger OscillatorThis is based off of Ehler's Bandpass Filter system (link below slides 15-17). I then used Ehler's methods for finding the dominant cycle to automatically input the dominant cycle to the length. Essentially Ehler runs a band pass with a given period to detrend the price data and highlight a cycle with the given frequency(length). This represents the In phase cycle. Ehler then creates the trigger line by taking the one bar momentum of the In Phase line, multiplying by 2Pi and then using this to create a 60 degree leading signal. The triggers are crossovers of the In Phase and Lead lines. You can also use conservative signals by waiting for the In Phase line to trend in the direction of the trigger crossover as well.
Delta represents how much to influence the oscillator by the price (Delta 0 is a perfect wave)
Alpha represents how quickly to adapt between the dominant cycle changes in the price.
Thanks to LazyBear for implementing Ehler's original adaptive code, which I used for this system
Thanks to HPotter for the BandPass Filter code, which I used as a base for implementing the rest of the system
www.mesasoftware.com
Ehler Bandpass Trigger OscillatorThis is based off of Ehler's Bandpass Filter system (link below slides 15-17). Essentially Ehler runs a band pass with a given period to detrend the price data and highlight a cycle with the given frequency(length). This represents the In phase cycle. Ehler then creates the trigger line by taking the one bar momentum of the In Phase line, multiplying by 2Pi and then using this to create a 60 degree leading signal. The triggers are crossovers of the In Phase and Lead lines. You can also use conservative signals by waiting for the In Phase line to trend in the direction of the trigger crossover as well.
Length represent the cycle period you want to highlight.
Delta represents how much to influence the oscillator by the price (Delta 0 is a perfect wave)
Thanks to HPotter for the BandPass Filter code, which I used as a base for implementing the rest of the system
www.mesasoftware.com
lazy weis MTFSo here was my problem and the way we fix it . We all know lazy bear weis model of volume . if we make it to MTF then we use security and it will repaint all over . since its hard to convert it to version 3 in order to fix the problem ,then it was impossible so far to make it a good MTF model.
By changing the length to time function we do not need to use the security and by this we can create an MTF model with no repaint ( i hope).
Now in setting you see int2 (now its on 60 min) , this you can change to any min value that you want. TV will consider it as length and not as time and by this way you can manipulate it to be an MTF model of your choosing . The int1 is minimum min always need to be smaller then int2
lets say you want 5 min chart and on 10 min time frame. so set it as int1=1 and int=15. if you want 45 min frame on the 5 min so set int 2 to 45
if you want it to be daily just set it to 1440 ,
I hope you like this solution
Tommy Oscillator v1.0 LightRSI rules: If we break above 70 RSI, 40-50 RSI acts as support,
If we break below 30 RSI, 50-60 RSI acts as resistance
I color coded the support/resistance areas to make visuals easier. This is part of my private indicator, but I removed the buy/sell part (which is the private part). I think this will help a lot with your guy's trading.
Triple guppy w/ up/down colours - squattterThe trend is your friend.
Works well on 2hr TF which shows 30+60 ema from 8hr and Daily TFs.
Use a higher TF momentum indicator such as TRIX to confirm.
CM_Ultimate_MA_MTF_v7 IndicatorUpgraded CM_Ultimate_MA_MTF_V2 - Added Tilson T3
Defaults to Current Timeframe on Chart.
Ability to Plot 2nd Moving Average.
Ability to set Moving Averages to Custom Chart TimeFrame. Example Daily Ma on 60 Minute chart. Many Different Options from Weekly to 1 Minute.
Ability to Plot Cross where Moving Averages Cross (If using 2nd Moving Average).
Ability to Plot Highlight Bars when Price Crosses 1st Moving Average, or 2nd MA.
Moving Averages Supported in Inputs Tab
SMA - Simple Moving Average
EMA - Exponential Moving Average
WMA - Weighted Moving Average
HullMA - Hull Moving Average
VWMA - Volume Weighted Moving Average
RMA - Moving Average used in RSI - Similar to EMA
TEMA - Triple Exponential Moving Average
Tilson T3 - Tilson T3 Moving Average
CM_Ultimate_MA_MTF_V2 strategyUpgraded CM_Ultimate_MA_MTF_V2 - Added Tilson T3
Defaults to Current Timeframe on Chart.
Ability to Plot 2nd Moving Average.
Ability to set Moving Averages to Custom Chart TimeFrame. Example Daily Ma on 60 Minute chart. Many Different Options from Weekly to 1 Minute.
Ability to Plot Cross where Moving Averages Cross (If using 2nd Moving Average).
Ability to Plot Highlight Bars when Price Crosses 1st Moving Average, or 2nd MA.
Moving Averages Supported in Inputs Tab
SMA - Simple Moving Average
EMA - Exponential Moving Average
WMA - Weighted Moving Average
HullMA - Hull Moving Average
VWMA - Volume Weighted Moving Average
RMA - Moving Average used in RSI - Similar to EMA
TEMA - Triple Exponential Moving Average
Tilson T3 - Tilson T3 Moving Average
Multi Time Frame Exponential Moving AveragePlots specific moving average (daily/weekly) on any time frame chart
For example, can view 20w sma while looking at 60 min chart.
RCI3Short MTFFor RCI lover.
We are facing a timeout problem on smart phone apps of TV.
It looks like a staircase, but It frees us from timeout problems.
default MTF: 60 / 120 / 240
MTF line as middle/long lines
ec tEST cODE FOR pERCENT DIFERENCE ////////////////////////////////////////////////////////////
// Copyright by HPotter v1.0 04/04/2015
// Percent difference between price and MA
////////////////////////////////////////////////////////////
study(title="Percent difference between price and MA")
source = close
useCurrentRes = input(true, title="Use Current Chart Resolution?")
resCustom = input(title="Use Different Timeframe? Uncheck Box Above", type=resolution, defval="60")
smd = input(true, title="Show MacD & Signal Line? Also Turn Off Dots Below")
sd = input(true, title="Show Dots When MacD Crosses Signal Line?")
sh = input(true, title="Show Histogram?")
macd_colorChange = input(true,title="Change MacD Line Color-Signal Line Cross?")
hist_colorChange = input(true,title="MacD Histogram 4 Colors?")
res = useCurrentRes ? period : resCustom
fastLength = input(12, minval=1), slowLength=input(26,minval=1)
signalLength=input(9,minval=1)
fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)
Length = input(9, minval=1)
Length2= input(36,minval=1)
Length3= input(81,minval=1)
AveragePrice= input(9,minval=1)
Length5= input(3,minval=1)
xSMA = (sma(close, Length)+sma(close, Length2)+sma(close, Length3))/3
pSAM=sma(close, AveragePrice)
nRes = (pSAM - xSMA) * 100 / close
signalnRes = sma(nRes, signalLength)
macd = nRes
signal = sma(macd, signalLength)
hist = macd - signal
outMacD = security(tickerid, res, macd)
outSignal = security(tickerid, res, signal)
outHist = security(tickerid, res, hist)
histA_IsUp = outHist > outHist and outHist > 0
histA_IsDown = outHist < outHist and outHist > 0
histB_IsDown = outHist < outHist and outHist <= 0
histB_IsUp = outHist > outHist and outHist <= 0
//MacD Color Definitions
macd_IsAbove = outMacD >= outSignal
macd_IsBelow = outMacD < outSignal
plot_color = hist_colorChange ? histA_IsUp ? aqua : histA_IsDown ? blue : histB_IsDown ? red : histB_IsUp ? maroon :yellow :gray
macd_color = macd_colorChange ? macd_IsAbove ? lime : red : red
signal_color = macd_colorChange ? macd_IsAbove ? yellow : yellow : lime
circleYPosition = outSignal
// MA COLOR DEFINITION
maColor = change(nRes)>0 ? green : change(nRes)<0 ? red : na
mA_IsAbove = nRes> 0
mA_IsBelow = nRes< 0
plot( nRes, color=maColor, style=line, title="MMA", linewidth=2)
//plot(smd and signalnRes ? signalnRes : na, title="Signal Line", color=signal_color, style=line ,linewidth=2)
//plot(smd and outMacD ? outMacD : na, title="MACD", color=macd_color, linewidth=4)
//plot(smd and outSignal ? outSignal : na, title="Signal Line", color=signal_color, style=line ,linewidth=2)
//plot(sh and outHist ? outHist : na, title="Histogram", color=plot_color, style=histogram, linewidth=4)
plot(sd and cross(outMacD, outSignal) ? circleYPosition : na, title="Cross", style=circles, linewidth=4, color=macd_color)
hline(0, '0 Line', linestyle=solid, linewidth=2, color=white)
//////ALERT cONDITION////
src = input(close)
ma_1 = sma(src, 20)
ma_2 = sma(src, 10)
c = cross(ma_1, ma_2)
alertcondition(c, title='Red crosses blue', message='Red and blue have crossed!')
d = cross(outMacD, outSignal)
alertcondition(d, title='GOING DOWN', message='SELL!')
//
//e = cross(outSignal, outMacD)
//alertcondition(E, title='GOING UP', message='BUY!')
Momentum Strategy, rev.2This is a revised version of the Momentum strategy listed in the built-ins.
For more information check out this resource:
www.forexstrategiesresources.com
VolumezonesSo how to use this indicator?
This indicator is based on WMA (black color line) and Volume RSI (blue color line)
There are 3 volume zones based on WMA
1. when it lowest seen in yellow color
2.when highest seen in red color
3. gray color when it not highest or lowest
so how to enter trade:
option 1: the volume went to lowest (yellow ) , so the seller power will be going down by time.. now look on Vrsi if it start to go up and the color change to gray.. then it will be good entry as we expect rise in volume and rise in price
option 2. cross over of WMA above 20 or cross over of VRSI above 30 in the gray area are good buy points
option 3 more danger but in bullish market can work is when WMA cross above 60
sell option:
1. when we enter the red zones (WMA at its peak) , so buyer power go down.. now look on vrsi if it fall and it become gray again exit trade
you can go back to it using option 3 if market is bullish and both vrsi and WMA are going up again
2. lets say you enter by option 1 to trade but force of buyers is weak then the WMA will go down (let say 20 ) and vrsi is going down then escape trade.. the buyers not holding and the sellers are stronger
the code is open so you can add alerts of buy and sell by your own. Also you can add to it other indicators making it much better
have f