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MTF MA Ribbon and Bands + BB, Gaussian F. and R. VWAP with StDev█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands Up to 9 moving averages can be independently applied. The length , type and timeframe of each moving average are configurable . The lines, colors and background fill are customizable too. This script can also display: Moving Average Bands Bollinger Bands Gaussian Filter Rolling VWAP and Standard Deviation Bands Types of Moving Averages: Simple Moving Average (SMA) Exponential Moving Average (EMA) Smoothed Moving Average (SMMA) Weighted Moving Average (WMA) Volume Weighted Moving Average (VWMA) Least Squares Moving Average (LSMA) Hull Moving Average (HMA) Arnaud Legoux Moving Average (ALMA) █ Moving Average Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. █ Bollinger Bands Bollinger Bands consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular). The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. █ Gaussian Filter Gaussian filter can be used for smoothing. It rejects high frequencies (fast movements) better than an EMA and has lower lag. A Gaussian filter is one whose transfer response is described by the familiar Gaussian bell-shaped curve. In the case of low-pass filters, only the upper half of the curve describes the filter. The use of gaussian filters is a move toward achieving the dual goal of reducing lag and reducing the lag of high-frequency components relative to the lag of lower-frequency components. █ Rolling VWAP The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day. Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe. You can thus use the rolling VWAP on any chart that includes ​volume information in its data feed. Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset. Made with the help from scripts of: adam24x, VishvaP, loxx and pmk07.
Penunjuk Pine Script®
oleh Yatagarasu_
3
MTF Stoch RSI + Realtime DivergencesMulti-timeframe Stochastic RSI + Realtime Divergences + Alerts + Pivot lookback periods. This version of the Stochastic RSI adds the following additional features to the stock UO by Tradingview: - Optional 3 x Multiple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought (>80) or all oversold (<20) at the same time, with alert option. - Optional divergence lines drawn directly onto the oscillator in realtime, with alert options. - Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes, including the ability to enable automatic adjustment of pivot period per chart timeframe. - Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on. - Indications where the Stoch RSI is crossing down from above the overbought threshold (<80) and crossing above the oversold threshold (>20) levels on a given user selected timeframe, by printing gold dots on the indicator. - Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, and source type (close, hl2, etc) While this version of the Stochastic RSI has the ability to draw divergences in realtime along with related settings and alerts so you can be notified as divergences occur without spending all day watching the charts, the main purpose of this indicator was to provide the triple multiple-timeframe overbought and oversold confluence signals and alerts, in an attempt to add more confluence, weight and reliability to the single timeframe overbought and oversold states, commonly used for trade entry confluence. It's primary purpose is intended for scalping on lower timeframes, typically between 1-15 minutes. The triple timeframe overbought can often indicate near term reversals to the downside, with the triple timeframe oversold often indicating neartime reversals to the upside. The default timeframes for this confluence are set to check the 1 minute, 5 minute, and 15 minute timeframes, ideal for scalping the < 15 minute charts. The Stochastic RSI The popular oscillator has been described as follows: “The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.” How do traders use overbought and oversold levels in their trading? The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI. What are divergences? Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. There are 4 main types of divergence, which are split into 2 categories; regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation. Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend. Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend. Hidden bullish divergence: An indication of a potential uptrend continuation. Hidden bearish divergence: An indication of a potential downtrend continuation. Setting alerts. With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, and also when the triple timeframe overbought and oversold confluences occur. Configurable pivot lookback values. You can adjust the default pivot lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable timeframes, in a bid to optimise the divergences drawn when the indicator is loaded onto any of the 4 timeframes. These timeframes and the auto adjusted pivot periods on each of them can also be reconfigured within the settings menu. How do traders use divergences in their trading? A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future. Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes. When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase. Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur. Disclaimer: This script includes code from the stock UO by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
Penunjuk Pine Script®
oleh PHVNTOM_TRADER
9
MTF Fair Value Gap Indicator ULTRAFVG Fair Value Gap Indicator FVG's commonly known as Fair Value Gaps are mostly in use for forex trading, however it’s been widely used in price action trading, even on regular large cap stocks. Think of it as an imbalance area where the price of the stock may actually be under/over valued due to many orders being injected in a short amount of time, ie . a gap caused by an impulse created by the speed of the price movement. In essence, the FVG can become a kind of magnet drawing the price back to that level to attempt to balance out the orders (when? we don't know). Please do research to understand the concept of FVG's. You can look for an opportunity as price approaches the FVG for entry either long/short because after all, it is an "Area of Interest" so the price will either bounce or blow through the area. No indicator works 100% of the time so take in context as just another indicator. It tends work on larger time frames best. IMPORTANT TV RELATED LIMITATIONS: You should take the time to understand the following. A MAXIMUM of 500 boxes and labels are allowed, thus if you elect to display many different time frames of FVGs and/or select to not auto delete old Daily FVGs, the oldest FVGs will be deleted and not be seen. Additionally if you are on a smaller chart time frame (1 min), you may not see older FVGs such as Daily ones that occurred and still exist from long ago. This is due to TV limitation of 20,000 candles of history in each chart timeframe. Example: A 1 minute chart supports approximately 14 days worth of data so looking for Daily FVGs would only go back that far, whereas if your chart was set to 5 minutes you'd be able to see 5 times as many, ie . 60 days worth of Daily FVG's. Obviously setting your chart and looking for Daily FVG's would support up to 20,000 days worth. The Indicator Provides many different features: *Creation of FVG's for all hours or just during market hours. Currently you can enable FVG’s for the following timeframes: Current chart timeframe, 5Min, 10Min, 15Min, 1Hr, 4Hr, 8Hr, Daily, Weekly, Monthly. *Text label displays overlaying FVG bands including creation timestamps. * Bands reflecting FVG's in action (created/deleted) for the current chart time frame, 15min, 1hr, 4hr, 8hr and daily time frames. The FVG's will be overlayed on the chart if enabled. *Mitigation Action - Normal - When FVG is balanced out by price action, the FVG will disappear. Dynamic - The FVG band will decrease as the price movement eats into it thus only showing the remaining imbalance. None - For those that wish to retain FVG's even if they were mitigated. Half - FVG’s disappear when the price intrudes 50% of the overall FVG band zone. *Mitigation Type - The elimination or balancing of the FVG is caused by either the candle wick or body passing completely through the FVG. *Maximum FVGs - A maximum number of FVGs are created for each different enabled time frame (be aware setting a large number could impact system performance). *All FVG band colors can be customized by the user. * All FVG bands auto extend to the right. * Intrusion Alerts - Trading View alerts are supported. You can use the indicator settings to enable an alert if the price intrudes into the FVG zone by a certain percentage. This is not related to mitigation or removal of the FVG, just a warning that price has reached the area of interest.
Penunjuk Pine Script®
oleh PapaAlan
155
MTF MACD BarOVERVIEW This indicator shows MACD(Moving Average Convergence/Divergence) is up or down, represented by a bar. This indicator is compatible with MTF. CONCEPTS What do you want to know about market analysis? Do you want a hard analysis? You can look for it. All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'. All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status. I want to make a decision in a moment. Without even thinking about it. That is why I created a color-coded bar indicator to show the status. No need to frown anymore. DETAILS You need more information about MACD, click here. tradingview.com MACD histogram Green ⇒ Bar is green. MACD histogramRed ⇒ Bar is red.
Penunjuk Pine Script®
oleh FX_masa
1
MTF Heikinashi BarOVERVIEW This indicator shows whether Heikin Ashi is up or down, represented by a bar. This indicator is compatible with MTF. CONCEPTS What do you want to know about market analysis? Do you want a hard analysis? You can look for it. All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'. All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status. I want to make a decision in a moment. Without even thinking about it. That is why I created a color-coded bar indicator to show the status. No need to frown anymore. DETAILS Heikin means average. Ashi means legs. In this case, it means a candle. Close = (Close + Open + High + Low) / 4 For more information, click here. tradingview.com Heikin Ashi Up ⇒ green Heikin Ashi Down ⇒ red
Penunjuk Pine Script®
oleh FX_masa
1
MTF EMA Ribbon & Bands + BBMulti Timeframe Exponential Moving Average Ribbon & Bands + Boillinger Bands I used the script "EMA Ribbon - low clutter, configurable " by adam24x, I made some color change and I added a few indicators (Boillinger Bands, EMA on multi timeframe and EMA bands from "34 EMA Bands " by VishvaP). The script can display various EMA from the chart's timeframe but also EMA from other timeframes. Bollinger Bands and EMA bands can also be added to the chart.
Penunjuk Pine Script®
oleh Yatagarasu_
1
MTF VWAP & StDev BandsMulti Timeframe Volume Weighted Average Price with Standard Deviation Bands I used the script "Koalafied VWAP D/W/M/Q/Y" by Koalafied_3 and made some changes, such as adding more standard deviation bands. The script can display the daily, weekly, monthly, quarterly and yearly VWAP. Standard deviation bands values can be changed (default values are 0.618, 1, 1.618, 2, 2.618, 3). Also the previous standard deviation bands can be displayed.
Penunjuk Pine Script®
oleh Yatagarasu_
3
MTF CCI BarOVERVIEW This indicator shows whether Commodity Channel Index (CCI) is above or below 0, represented by a bar. This indicator is compatible with MTF. CONCEPTS What do you want to know about market analysis? Do you want a hard analysis? You can look for it. All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'. All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status. I want to make a decision in a moment. Without even thinking about it. That is why I created a color-coded bar indicator to show the status. No need to frown anymore. DETAILS CCI is a momentum oscillator used in technical analysis primarily to identify overbought and oversold levels by measuring an instrument's variations away from its statistical mean. For this indicator, I have removed the concept of overbought and oversold. 0 <= CCI green 0 > CCI red However, with future upgrades, I would like to color-code it for overbought and oversold conditions as well.
Penunjuk Pine Script®
oleh FX_masa
1
MTF EMASMulti time frame EMA This script will plot the configured EMAS on the current time frame (CTF) and also the same EMAS on a higher time frame (HTF). Hard coded according: * 5m EMAS will be plotted on TF bellow 5m * Daily EMA will be plotted on TF above 5m and bellow 1D * Weekly EMA will be plotted on daily TF * Monthly EMA will be plotted on weekly TF This configuration give us the opportunity to watch EMA support/resistance from HTF on the CTF
Penunjuk Pine Script®
oleh JoaoKunha
1
MTF High LowThis is a Multi-Time Frame High Low Indicator that plots the highest and lowest price levels of the chart timeframe and a user selected higher timeframe. The length can be optimized by the user from settings (default value is 6 candles) and table position can also be adjusted. The calculation does not takes into account the last candle price data to form a view using the current close price as described below: If Close > mid value of High + Low, view is Bullish If Close < mid value of High + Low, view is Bearish The above is also calculated for the higher timeframe and view for both timeframe is updated in the chart. The color coding is dynamic based upon the current close price levels and comparisons with High, Low and Mid values. The mid values level plot is hidden by default and can be enabled and saved as default if the user likes so.
Penunjuk Pine Script®
oleh Mohit_Kakkar08
7
MTF RSI Guppy [Moto]Hi traders, Special thanks to abdomi for posting the original script referenced I'm not a fan of using moving averages. but I am a big fan of the RSI. The plotted lines of this guppy show where price of the observed asset has to be to close above or below the 50 midline of a standard 14 period RSI across multiple timeframes. For example, if BTCUSDT closes above the 'D' plot of the guppy, it will be closing above the 50 midline of the RSI on a daily time frame. Each plot is timeframe dependant and can be changed in the settings. I've included a optional fill color across the plots for directional bias. These plots, like most moving averages give a hint towards moving support and resistance structures. Plotshapes and barcolors have been included to indicate when price crosses over multiple specific plots simultaneously. Also 'On' by default is a view of 'Overbought' and 'Oversold' areas with independant resolution setting, daily by default. Current time frames include: 4 hour 12 Hour Daily 3 Day Weekly Monthly Quarterly Users can change the asset being referenced, and the resolutions, but labels are currently hard coded. One can also change the label distance from plot and size. Thanks
Penunjuk Pine Script®
oleh Intromoto
1
MTF 24-hour Volume [Anan]█ OVERVIEW Tradingview added a new 24-hour Volume indicator to Pine. It’s designed to calculate the volume of daily trading turnover in a particular currency. It works in the same way as the well-known Volume indicator does. The difference is that 24-hour Volume is a metric used to track the total value of all transactions within a 24-hour period. It can be used to measure market interest in a specific currency over the past day and night. You can read more about how the 24-hour Volume indicator works in Help Center . █ FEATURES - Multi Time Frames up to four customizable slots. - Volume Change by "quote" currency. - Volume Change %. - Volume MA Change %. - Control table colors/position as you like. **Designed to work with Crypto pairs**
Penunjuk Pine Script®
oleh Mohamed3nan
2
MTF Triple Kagi Indicator v1.0Introduction The indicator attempts to implement three (3) time-based, multi-timeframe, non-repainting Kagi lines as an overlay to your chart and applying a trend bullish/bearish trend strength evaluation based on the position of the Kagi close prices between the Fast Kagi and Slow Kagi. How is it original and useful? This indicator is unique in that it combines a Fast and Slow Kagi timeframes and applies the following trend analysis to determine bullish/bearish strength: Strong Bullish = when both Fast and Slow Kagi are below the current price and Slow is less than or equal to Fast Kagi. Moderate Bullish = when both Fast and Slow Kagi are below the current price and Slow is greater than Fast Kagi. Neutral = when current price is between the Fast and Slow Kagi. Moderate Bearish = when both Fast and Slow Kagi are above the current price and Slow is less than Fast Kagi. Strong Bearish = when both Fast and Slow Kagi are above the current price and Slow greater than or equal to Fast Kagi. In addition, the indicator adds a Trigger Kagi that you can optionally use as a faster Kagi to see more confirmation of trend within the Fast/Slow Kagi combination. It is not used in the bullish/bearish comparison analysis but is simply informative in confirming the trend with a smaller timeframe than the Fast Kagi. How does it compare to other scripts in the Public Library? This indicator makes use of the security() function and applies the best-practices as provided by the PineCoders' script called `security()` revisited so that the indicator will not repaint when you refresh the chart or re-open it at a later date. In addition, at the time of initial publishing, this indicator is the only publicly available indicator that combines multiple time-based Kagi lines to offer a simple trend analysis status for short-term or long-term traders. What does it do and how does it do it? When applied to the chart for the first time, the default settings will work to produce Kagi lines from the beginning of the chart history up to the real-time bar. All three Kagi lines will default to the current chart's timeframe, therefore it is expected that you open the settings and adjust the Fast and Slow Kagi settings to provide the full effects of the indicator's features. The example chart above is using a 1-Hour chart with a Fast Kagi of 1 day (ATR(6)), a Slow Kagi of 1-Week (ATR(6)) and a Trigger Kagi of 6-Hours (ATR(14)). These settings are not universal for all markets; thus, it will require trial and error adjustments to tune the indicator to the specific market you are evaluating. Lastly, the example chart above is illustrating how this indicator could be used with the 3Commas DCA Bot Strategy to provide entry and exit signals to simulate a bot's performance using the powerful Strategy Tester within TradingView to further evaluate the indicators influence on hypothetical trading conditions. The indicator provides a plot data point called "Kagi Bullish/Bearish Signal" that can be used in other chart strategies as a signal provider. The following is the meaning of the numeric signal value for this data point: Strong Bullish = 2 Moderate Bullish = 1 Neutral = 0 Moderate Bearish = -1 Strong Bearish = -2 Enjoy! 😊👍
Penunjuk Pine Script®
oleh prosum_solutions
1
MTF Kagi Indicator v1.0Introduction The indicator attempts to implement a time-based, multi-timeframe, non-repainting Kagi lines as an overlay to your chart using traditional candlesticks. How is it original and useful? This indicator is unique in that it allows you to choose from among three different methods to define the reversal amount. They are: ATR (Average True Range): After each Kagi line is drawn, the latest ATR value from the selected timeframe will be used until a new vertical Kagi line is drawn. At this point, the latest ATR value will be used for the reversal amount until it changes again. This means that the reversal amount will adjust as price action volatility changes. Fixed Amount: This method will be useful if you desire to fix the reversal amount, like the normal Kagi Chart. Thus, use this option if you desire to mimic the same Kagi Chart on TradingView. Percent of Price: This method, like the ATR, will produce the reversal amount using the latest close price against the given percentage value. In addition, the indicator will allow you to define the Up and Down line colors and width. You can even elect to have a Kagi line drawn on the real-time bar or not. How does it compare to other scripts in the Public Library? This indicator makes use of the security() function and applies the best-practices as provided by the PineCoders' script called " `security()` revisited " so that the indicator will not repaint when you refresh the chart or re-open it at a later date. In addition, the indicator provides three possible alerts for Alert Conditions or Any Alert() Function Call. They are: "Break Shoulder" - this alert will trigger (Once Per Bar) when the close price crosses above the shoulder (higher) of the previous Kagi line. "Break Waist" - this alert will trigger (Once Per Bar) when the close price crosses below the waist (lower) of the previous Kagi line. "New Kagi Line" - this alert will trigger (Once Per Bar) when the indicator draws a new vertical Kagi line and continues to monitor the next trend change. When using the "Any alert() function call" option in creating alerts, the following placeholders are supported in the alert message: {{shoulder_price}}, {{waist_price}}, and {{kagi_close_price}} What does it do and how does it do it? When applied to the chart for the first time, the default settings will work to produce Kagi lines from the beginning of the chart history up to the real-time bar. The Kagi line width will have a width of 1 pixel and the colors will match the normal color schemes that TradingView charts have for rising and falling colors. The reversal method will default to ATR with a period length of 14 so that it can provide a visually appealing Kagi lines where the reversal amount will be adaptive for all price charts. The default timeframe will be the chart's timeframe, but it can be changed to any higher timeframe. Using a timeframe that is lower than the current chart will not disable the indicator, but the lines will not be accurate since lower timeframe prices are being grouped to fit the current timeframe. Enjoy! 😊👍
Penunjuk Pine Script®
oleh prosum_solutions
7
MTF Ichimoku Cross MonitorIchimoku Kinko Hyo is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves and Crossing TenkanSen ((HH + LL)/2 for the last 9 periods) & KijunSen (HH + LL)/2 for the last 26 periods) is One of major strategies on Ichimoku. This Indicator build for Monitor Tenkansen & Kijunsen Lines status and you can watch 3 Time Frames Status on one bar and in one timeframe. You can select timeframe and set Inputs for lines from Indicator setting. Good trading to all ...
Penunjuk Pine Script®
oleh Yazdanian
1
MTF Pivots Zones [tanayroy]Dear Fellow Traders, I only publish scripts that I use and found good for my trading. Pivots are my favorite indicator. I use daily, weekly, monthly, quarterly, and yearly pivots levels. multiple pivot zones are very strong levels and I like to watch these levels for possible price action. But when I include all pivots levels at a time, my charts get too clumsy. To see price action properly, you need a clean chart. And when we trade we want to see only important levels within the price horizon. To resolve this, I created this script, which shows important levels within my display option. I control the display option with 14 periods ATR and a multiplier to adjust the display levels. The following chart displays levels within 14 ATR * 0.5 multipliers. As the price progress, it will automatically add levels and delete levels that do not come within this option. What levels are included? I have used traditional pivot calculation and included Daily, Weekly, Monthly, Quarterly, and Yearly pivots with high and low. What options are available? You can replace the yearly timeframe with your desired time frame and can adjust the ATR multiplier to increase or decrease display levels. Use this in 5m, 15m, or 1H chart or any timeframe below Daily. Please like, share, and comment.
Penunjuk Pine Script®
oleh tanayroy
9
MTF MACD (PPO) [TANHEF]Mult-Timeframe Moving Average Convergence Divergence (MACD) and Percentage Price Oscillator (PPO) indicator that allows for viewing of 1 to 5 different Timeframes. Brief Summary The primary benefit of multi-timeframe indicators is getting better entries and confirmation from viewing multiple time frames at once, which can often get overlooked. MACD shouldn't be only used by itself, it is a lot more consistent when applied in the same direction as the trend as well as multiple other things including support, resistance, and volume improve the outcomes of the MACD results. Personally, I look for good entries on higher and lower time frames (multiple timeframes must agree with the buying or selling). For example, if a higher timeframe looks like a good long entry (MACD line is crossing up and below the zero line), then the lower timeframes should be checked to ensure they are not oversold or overextended (the MACD line must be low or below the zero), once the lower and higher timeframes are in agreeance an entry can be made. What is Moving Average Convergence Divergence (MACD)? Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of the price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. What is the Percentage Price Oscillator (PPO)? The PPO is identical to the MACD indicator, except the PPO measures percentage difference between two EMAs, while the MACD measures absolute (or dollar) difference. The PPO has the advantage of being comparable to other assets with different prices, whereas MACD readings are not comparable. For example, regardless of the asset's price, a PPO result of 10 means the short-term average is 10% above the long-term average. A signal line can be displayed on Timeframe, including: - MACD & Signal Line crosses (Green when MACD above Signal Line and Red when MACD below Signal Line) - Histogram Direction (fast and slow EMA gap) - SuperTrend for identifying trend direction (green for uptrend, red for downtrend) - EMA Trend for identifying trend direction (above EMA = up trend and green, below EMA = down trend and red) Cross Dots and Potential cross dots - Green Dot, is displayed when the MACD crosses the Signal Line - Red Dot, is displayed when the MACD crosses the Signal Line - Yellow Dot. Potential cross up (green dot) on next bar. Displayed when if the same distance a MACD moves on a bar is applied to the next bar will cause a MACD and Signal Line Cross. This is calculated by checking if the value change of one bar is added to the current MACD value would lead to a cross on the next bar, the it is a potential up dot. - Purple Dot. Potential cross down (red dot) on next bar. Displayed when if the same distance a MACD moves on a bar is applied to the next bar will cause a MACD and Signal Line Cross. This is calculated by checking if the value change of one bar is added to the current MACD value would lead to a cross on the next bar, the it is a potential down dot. Best Fit Settings - Can be applied to the MACD, Signal Line, and Histogram to re-scale (stretch) to fit them within the space of the +2 and -2 range that each timeframe is provided on this indicator. - The lookback distance value is used to lookback a certain distance to ensure everything scaled to fit well. Labels are displayed on the right of the indicators, including: - a label identifying 'line indicator' is currently being displayed - the Timeframe corresponding to each MACD or PPO indicator - the MACD or PPO of each Timeframe
Penunjuk Pine Script®
oleh TanHef