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Absolute Price Oscillator (APO) Strategy 2.0 The Absolute Price Oscillator displays the difference between two exponential moving averages of a security's price and is expressed as an absolute value. How this indicator works APO crossing above zero is considered bullish, while crossing below zero is bearish. A positive indicator value indicates an upward movement, while negative readings signal a downward trend. Divergences form when a new high or low in price is not confirmed by the Absolute Price Oscillator (APO). A bullish divergence forms when price make a lower low, but the APO forms a higher low. This indicates less downward momentum that could foreshadow a bullish reversal. A bearish divergence forms when price makes a higher high, but the APO forms a lower high. This shows less upward momentum that could foreshadow a bearish reversal. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
1
Market Facilitation Index (MFI) Strategy The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market Facilitation Index decreased, then the market is becoming less efficient, which may indicate a trading range is developing that may be a trend reversal. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
Moving average cloud strategyHi folks! Here a script uses the moving average cloud. A sma (50, aqua) and a sma (200, olive) are plotted on the cart. When both sma go up the cloud is green. When both sma go down the cloud is red. When sma (200, olive) goes down and sma (50, aqua) goes up the cloud is orange. When sma (200, olive) goes up and sma (50, aqua) goes down the cloud is lime. There three entry points in this strategy. Long Aggressive: When the cloud turns orange and price closes above the sma (200). Neutral: When the both sma make the golden cross. Cautious: When the cloud is green and price closes sma (200) after searching for support. So not when there's a great distance between them. In case you missed the entry point you can jump in when price CLOSES above sma (50). So after it searched for support on that line. The cloud has to be green at that moment. Short Aggressive: When the cloud turns lime and price CLOSES below the sma (200). Neutral: When the both sma make the death cross. Cautious: When the cloud is green and price is above the sma (200). In case you missed the entry point you can jump in when price CLOSES above sma (50). So after it searched for support on that line. There are also two exit points in this strategy. Cautious: When price closes on the other side of the sma (50). Neutral: When the cloud changes color. Aggressive: When price closes on the other side of the sma (200). There's always the opportunity that the price searches for support at the sma (200) line and goes from that moment in the direction you want. Don't wait for the cross of the both sma. Very usually you give a huge part of your profit away at that point. Remember: Above the cloud is bullish area, never go short there. Below the cloud is bearish area, never go long there. Remember 2: When the clouds changes rapidly from color we're not in a trend. The sma (200) will be almost flat at those situations. It's a sign not to go into a trade since the market doesn't know in which direction it will go.
Pine Script® indicator
oleh tradermikey
1
Smart Money Index (SMI) Strategy Attention: If you would to use this indicator on the ES, you should have intraday data 60min in your account. Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns. The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening. Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance. Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated for many markets and market indices (S&P 500, DJIA, etc.) The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend soon. The SMI is, therefore, a trend-based indicator. Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
4
Free Trend Lines Tool/IndicatorI don't trade much with trend lines, but I was bored so made this hopefully someone will make use of it or program a strategy with it or something like that. It finds the highs and lows, works out the distance in time and price, then uses that to calculate the angle of the trend which can be used to pain the trend line. If you have any questions on how to implement it into a strategy feel free to ask. It is written in quite a messy wayt so sorry about that.
Pine Script® indicator
oleh JamesRkaye
21
Finite Volume Elements (FVE) Strategy The FVE is a pure volume indicator. Unlike most of the other indicators (except OBV), price change doesn?t come into the equation for the FVE (price is not multiplied by volume), but is only used to determine whether money is flowing in or out of the stock. This is contrary to the current trend in the design of modern money flow indicators. The author decided against a price-volume indicator for the following reasons: - A pure volume indicator has more power to contradict. - The number of buyers or sellers (which is assessed by volume) will be the same, regardless of the price fluctuation. - Price-volume indicators tend to spike excessively at breakouts or breakdowns. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
5
Ergodic CSI Strategy This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. This indicator plots Ergotic CSI and smoothed Ergotic CSI to filter out noise. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
Ease of Movement (EOM) Strategy This indicator gauges the magnitude of price and volume movement. The indicator returns both positive and negative values where a positive value means the market has moved up from yesterday's value and a negative value means the market has moved down. A large positive or large negative value indicates a large move in price and/or lighter volume. A small positive or small negative value indicates a small move in price and/or heavier volume. A positive or negative numeric value. A positive value means the market has moved up from yesterday's value, whereas, a negative value means the market has moved down. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
Dynamic Pivot Point Strategy This Pivot points is calculated on the current day. Pivot points simply took the high, low, and closing price from the previous period and divided by 3 to find the pivot. From this pivot, traders would then base their calculations for three support, and three resistance levels. The calculation for the most basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and resistance levels. WARNING: - This script to change bars colors.
Pine Script® indicator
oleh HPotter
10