This script displays up to 8 lengths of moving averages using either the SMA , EMA, WMA, HMA, SWMA, VWMA or CCI and forecasts where the moving average will be in future periods (by removing the oldest periods and adding future prices based on either current price "flat" or a user-defined period linear regression "linreg". Built on top of Triple MA Forecast by...
This is the strategy version of the original 'Simple Buy/Sell Indicator' by @Shizaru . The original indicator description explains the logic behind the strategy: "The original script was posted on ProRealCode by user Doctrading. This little and simple code allows you to draw an indicator, which show you when buy or sell conditions are met. For "buy" conditions,...
The Simple Clip Indicator was created by John Ehlers (Stocks and Commodities June 2021 pg 10) and this is obviously very similar to the previous indicator I published ( Ehlers Simple Deriv Indicator ) so I would recommend to try both out and see what you prefer. This is a new momentum indicator that is extremely responsive to price changes and when the indicator...
The Simple Deriv Indicator was created by John Ehlers (Stocks and Commodities June 2021 pg 10) and this is a heavily modified version of his original script that changes the buy and sell signals. I did testing with his original settings but they didn't seem to be very profitable for most stocks so I created my own system. This indicator does have a lag though so...
We know that the number of indicators that we can use is limited, that is why with this indicator the Bollinger Bands + 3 EMAs join and be able to use 4 indicators in 1. Bollinger Bands (BB) Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which...
The NVME Oscillator X is designed to help you ride the trends, scalp the markets, stay onto winning positions longer and close the losing positions sooner. The oscillator provides you with 4 different optional confirmation plots that will show you the trend, the buy and sell arrows, the buying and selling activity and the overall market control. Our oscillator is...
Improved Simple Strategy based on RSI, using overbought or oversold levels. Backtest: ETHPERP (FTX) - 30m Set STOP LOSS and GET PROFIT as a percentage (2% and 10% by default). If strategy.position_size != 0 algorithm convert percentages into points and set stop loss and take profit limit orders.
This indicator simultaneously displays two lines, which are the leading spans of the Ichimoku Kinko Hyo, and three simple moving averages. To make it easier to distinguish between the simple moving average line and the line of the Ichimoku Kinko Hyo, the simple moving average line is set to level 2 thickness by default. Also, the color of Reading Span 1 in the...
This is my "Exotic SMA Explorations Treasure Trove" intended for educational purposes, yet these functions will also have utility in special applications with other algorithms. Firstly, the Pine built-in sma() is exceedingly more efficient computationally on TV servers than these functions will be. I just wanted to make that very crystal clear. My notes elaborate...
This signal is completely based on analysis and transformation of a single simple moving average. As with all signals and indicators, it should be combined with others. This is how the signal is built: 1. First it takes the SMA of the closing price. 2. It then takes the ROC of that SMA using a length of 1. 3. It takes an 8-period SMA and also a 64-period SMA of...
The IFR2 strategy is based on the RSI indicator. If the two period RSI is less than the overbought level (25 is the default, but you can configure it to be lower), a long position is placed at the close of the candle. If you are doing it live, you'd have to enter the market ~ 10 minutes before it closes, check the RSI, and buy if it is lower than your overbought...
The reversal closing price (RCP) is a candlestick pattern which follows two simples rules: the low price of current candle needs to be lower than the low price of the last 2 candles the closing price of current candle needes to be higher than the closing price of the last candle This generates a signal for a long position. For a short position, the...
With this indicator i tried to create a more clear view of the daily chart. This indicator only works on the daily chart. This is how the plotted line is created: When the 'day close' is greater then the 'day hl2' it plots 1 up 'color = green' When the 'day close' is lesser then the 'day hl2' it plots 1 down 'color = red' When the 'day hl2' is greater then...
Here I'm proposing possibly the simplest and most relevant pivot style for intraday traders like me. It utilizes fundamentals of the average range and devises S/R around that. Pivot point in this is today's open (colored lime), which is far more relevant than yesterday's/past data based pivots. This is an attempt to reduce the influence of historical data as...
This script illustrates how to create simple alerts, triggered by a share price moving above (or below) an arbitrary threshold.
Lots of moving averages are based on a weighted sum, the most common ones being the simple (arithmetic) and linearly weighted moving average. The problems with the weighted sum approach is that when your moving average is a FIR filter then the number of operations increase with higher values of length, and when the weights are based on a complex calculation this...
The traffic light indicator is designed to be as simple as possible to avoid the steep learning curve that comes with many other indicators. - A Green Circle indicated the price is likely to go up. - A Red Circle indicates to price is likely to go down. - A Yellow Circle means there's some indecision and you should consider tightening stops or taking profits if...
A simple intraday strategy based on Renko values.