Multiple Indicators ScreenerThis is a stock screener that incorporates open source code by QuantNomad, with the addition of slow and fast EMA pullback and crossover functions. It is designed for intraday scalping and quick trades, using 1, 3, and 5 minute candles. The RSI, Supertrend, and ADX indicators help to confirm trade setups, and the use of discount, premium, and equilibrium zones can improve results. With the ability to screen 40 stocks, the screener ensures that no quick action is missed. ]
Disclaimer
It is important to note that any trade initiated using this screener should be well researched, as the creator is not responsible for any profit or loss incurred.
Triple Exponential Moving Average (TEMA)
Smooth EMA/DEMA/TEMA/EHMA (SEMA)This is my attempt at smoothing the exponential moving average any its cousins. I literally just smoothed the source and alpha and this is what we got. I really like this because you get a nice smooth yet fast acting moving average that works better than a traditional simple moving average. This script also included directional alerts.
Smooth EMA
Smooth DEMA
Smooth TEMA
Smooth EHMA
Munich GuppyWELCOME to the Munich Guppy!
This is a simple moving average indicator that will help you determine the trend of your chart using historical moving averages.
The indicator consists of 3 EMA's and one ALMA moving average. Using these 4 moving averages I have programmed the relationship between the moving averages to color the background of your chart.
If your background is red, this means that the alma moving average has fallen below the EMA's (EMA1 and EMA 2) as well as (EMA 1 and EMA 2) are postured in a down trending/up trending fashion
For example, the 21EMA is greater than the 55EMA, this signals that the chart has been outperforming its intermediate averages. Now if the ALMA is below both the 21ema and 55ema, in this instance, your chart background will become green.
The ALMA has color options '+CoC' and '-Coc', this simply means if the candle closes below the alma, it will turn red, if closure above it will turn green.
EMA 3 which is default set to 200, has no affect on the color of the background.
Now I hope I have thoroughly explained the simplicity of this indicator, if you have any questions leave them below or private message me for any other requests,
Good Trading!
-CheatCode1
STD-Stepped, Variety N-Tuple Moving Averages [Loxx]STD-Stepped, Variety N-Tuple Moving Averages is the standard deviation stepped/filtered indicator of the following indicator
Variety N-Tuple Moving Averages is a moving average indicator that allows you to create 1- 30 tuple moving average types; i.e., Double-MA, Triple-MA, Quadruple-MA, Quintuple-MA, ... N-tuple-MA. This version contains 5 different moving average types including T3. A list of tuples can be found here if you'd like to name the order of the moving average by depth: Tuples extrapolated
STD-Stepped, You'll notice that this is a lot of code and could normally be packed into a single loop in order to extract the N-tuple MA, however due to Pine Script limitations and processing paradigm this is not possible ... yet.
If you choose the EMA option and select a depth of 2, this is the classic DEMA ; EMA with a depth of 3 is the classic TEMA , and so on and so forth this is to help you understand how this indicator works. This version of NTMA is restricted to a maximum depth of 30 or less. Normally this indicator would include 50 depths but I've cut this down to 30 to reduce indicator load time. In the future, I'll create an updated NTMA that allows for more depth levels.
This is considered one of the top ten indicators in forex. You can read more about it here: forex-station.com
How this works
Step 1: Run factorial calculation on the depth value,
Step 2: Calculate weights of nested moving averages
factorial(nemadepth) / (factorial(nemadepth - k) * factorial(k); where nemadepth is the depth and k is the weight position
Examples of coefficient outputs:
6 Depth: 6 15 20 15 6
7 Depth: 7 21 35 35 21 7
8 Depth: 8 28 56 70 56 28 8
9 Depth: 9 36 34 84 126 126 84 36 9
10 Depth: 10 45 120 210 252 210 120 45 10
11 Depth: 11 55 165 330 462 462 330 165 55 11
12 Depth: 12 66 220 495 792 924 792 495 220 66 12
13 Depth: 13 78 286 715 1287 1716 1716 1287 715 286 78 13
Step 3: Apply coefficient to each moving average
For QEMA, which is 5 depth EMA , the caculation is as follows
ema1 = ta. ema ( src , length)
ema2 = ta. ema (ema1, length)
ema3 = ta. ema (ema2, length)
ema4 = ta. ema (ema3, length)
ema5 = ta. ema (ema4, length)
qema = 5 * ema1 - 10 * ema2 + 10 * ema3 - 5 * ema4 + ema5
Included:
Alerts
Loxx's Expanded Source Types
Bar coloring
Signals
Standard deviation stepping
Variety N-Tuple Moving Averages [Loxx]Variety N-Tuple Moving Averages is a moving average indicator that allows you to create 1- 30 tuple moving average types; i.e., Double-MA, Triple-MA, Quadruple-MA, Quintuple-MA, ... N-tuple-MA. This version contains 5 different moving average types including T3. A list of tuples can be found here if you'd like to name the order of the moving average by depth: Tuples extrapolated
You'll notice that this is a lot of code and could normally be packed into a single loop in order to extract the N-tuple MA, however due to Pine Script limitations and processing paradigm this is not possible ... yet.
If you choose the EMA option and select a depth of 2, this is the classic DEMA; EMA with a depth of 3 is the classic TEMA, and so on and so forth this is to help you understand how this indicator works. This version of NTMA is restricted to a maximum depth of 30 or less. Normally this indicator would include 50 depths but I've cut this down to 30 to reduce indicator load time. In the future, I'll create an updated NTMA that allows for more depth levels.
This is considered one of the top ten indicators in forex. You can read more about it here: forex-station.com
How this works
Step 1: Run factorial calculation on the depth value,
Step 2: Calculate weights of nested moving averages
factorial(nemadepth) / (factorial(nemadepth - k) * factorial(k); where nemadepth is the depth and k is the weight position
Examples of coefficient outputs:
6 Depth: 6 15 20 15 6
7 Depth: 7 21 35 35 21 7
8 Depth: 8 28 56 70 56 28 8
9 Depth: 9 36 34 84 126 126 84 36 9
10 Depth: 10 45 120 210 252 210 120 45 10
11 Depth: 11 55 165 330 462 462 330 165 55 11
12 Depth: 12 66 220 495 792 924 792 495 220 66 12
13 Depth: 13 78 286 715 1287 1716 1716 1287 715 286 78 13
Step 3: Apply coefficient to each moving average
For QEMA, which is 5 depth EMA, the caculation is as follows
ema1 = ta.ema(src, length)
ema2 = ta.ema(ema1, length)
ema3 = ta.ema(ema2, length)
ema4 = ta.ema(ema3, length)
ema5 = ta.ema(ema4, length)
qema = 5 * ema1 - 10 * ema2 + 10 * ema3 - 5 * ema4 + ema5
Included:
Alerts
Loxx's Expanded Source Types
Bar coloring
Tripple EMA Strategy - Dhan HQDear Traders,
Here with presenting the new Indicator (Strategy) which is primarily built based on the the EMA moving Average and Candlestick Pattern.
Idea behind this Indicator: I am sure every trader would have traded using Moving average one day or the other. And Moving average is theoretically they are Lagging and the EMA are used in place of Moving average just to avoid a bit of Lag to take advantage of those accuracy while avoiding the Lag. In order to be successful in trading Money Management and Risk Management is very much crucial and should be part of every trade we place.
What this indicator is providing:
Based on the EMA and candlestick patterns and using the inputs provided for RISK and Money Management options, Indicator continuously scans for trading opportunities and provides alerts for possible trades. I have tried to capture some analytical inputs for one to think and take control over the Reward, Risk and Money management parameters to tweak the indicator accordingly.
Below are the Analytical outputs provided:
1. Total Trades taken (History till present) and its profitability % & appx PNL
2. Current Dates & Yesterday's Trades along with its appx PNL
3. Long Trades performance vs Short Trades performance
4. Retrieve PNL values post specified Date in the Input settings.
5. Last 7 Days PNL
6. Month's PNL
Note: There is known BUG in the calculation where the first date of the month for Monthly PNL value is a trading Holiday then Monthly PNL is being displayed as 0. similarly this Bug is flowed for Last 7 Days PNL. This will be addressed in upcoming version along with planned release.
Alerts & Notifications:
There are basically 2 types of Alerts provided one with General Notification and Other with Dhan HQ notifications to support Algo Trades for Dhan HQ Baskets.
Overview for Dhan HQ Trade Alerts:
1. When the Day Beginning (At Session Start) Hedge Position can be placed and shall be squared off post Closing the session
2. During the course of the Day Buy & Sell Baskets shall be executed
3. Can map the Trade Level SL values
4. Can map Daily Limit for SL to avoid excessive Loss. Upon Loss you could stop trades for the complete day or you may restart the trade post completion of X no of hours.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
CDC ActionZone BF for ETHUSD-1D © PRoSkYNeT-EE
Based on improvements from "Kitti-Playbook Action Zone V.4.2.0.3 for Stock Market"
Based on improvements from "CDC Action Zone V3 2020 by piriya33"
Based on Triple MACD crossover between 9/15, 21/28, 15/28 for filter error signal (noise) from CDC ActionZone V3
MACDs generated from the execution of millions of times in the "Brute Force Algorithm" to backtest data from the past 5 years. ( 2017-08-21 to 2022-08-01 )
Released 2022-08-01
***** The indicator is used in the ETHUSD 1 Day period ONLY *****
Recommended Stop Loss : -4 % (execute stop Loss after candlestick has been closed)
Backtest Result ( Start $100 )
Winrate 63 % (Win:12, Loss:7, Total:19)
Live Days 1,806 days
B : Buy
S : Sell
SL : Stop Loss
2022-07-19 07 - 1,542 : B 6.971 ETH
2022-04-13 07 - 3,118 : S 8.98 % $10,750 12,7,19 63 %
2022-03-20 07 - 2,861 : B 3.448 ETH
2021-12-03 07 - 4,216 : SL -8.94 % $9,864 11,7,18 61 %
2021-11-30 07 - 4,630 : B 2.340 ETH
2021-11-18 07 - 3,997 : S 13.71 % $10,832 11,6,17 65 %
2021-10-05 07 - 3,515 : B 2.710 ETH
2021-09-20 07 - 2,977 : S 29.38 % $9,526 10,6,16 63 %
2021-07-28 07 - 2,301 : B 3.200 ETH
2021-05-20 07 - 2,769 : S 50.49 % $7,363 9,6,15 60 %
2021-03-30 07 - 1,840 : B 2.659 ETH
2021-03-22 07 - 1,681 : SL -8.29 % $4,893 8,6,14 57 %
2021-03-08 07 - 1,833 : B 2.911 ETH
2021-02-26 07 - 1,445 : S 279.27 % $5,335 8,5,13 62 %
2020-10-13 07 - 381 : B 3.692 ETH
2020-09-05 07 - 335 : S 38.43 % $1,407 7,5,12 58 %
2020-07-06 07 - 242 : B 4.199 ETH
2020-06-27 07 - 221 : S 28.49 % $1,016 6,5,11 55 %
2020-04-16 07 - 172 : B 4.598 ETH
2020-02-29 07 - 217 : S 47.62 % $791 5,5,10 50 %
2020-01-12 07 - 147 : B 3.644 ETH
2019-11-18 07 - 178 : S -2.73 % $536 4,5,9 44 %
2019-11-01 07 - 183 : B 3.010 ETH
2019-09-23 07 - 201 : SL -4.29 % $551 4,4,8 50 %
2019-09-18 07 - 210 : B 2.740 ETH
2019-07-12 07 - 275 : S 63.69 % $575 4,3,7 57 %
2019-05-03 07 - 168 : B 2.093 ETH
2019-04-28 07 - 158 : S 29.51 % $352 3,3,6 50 %
2019-02-15 07 - 122 : B 2.225 ETH
2019-01-10 07 - 125 : SL -6.02 % $271 2,3,5 40 %
2018-12-29 07 - 133 : B 2.172 ETH
2018-05-22 07 - 641 : S 5.95 % $289 2,2,4 50 %
2018-04-21 07 - 605 : B 0.451 ETH
2018-02-02 07 - 922 : S 197.42 % $273 1,2,3 33 %
2017-11-11 07 - 310 : B 0.296 ETH
2017-10-09 07 - 297 : SL -4.50 % $92 0,2,2 0 %
2017-10-07 07 - 311 : B 0.309 ETH
2017-08-22 07 - 310 : SL -4.02 % $96 0,1,1 0 %
2017-08-21 07 - 323 : B 0.310 ETH
Dragon Multi Moving Averages With labelThis script is for a many?! moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 6 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually. Tow of moving averages are disable by default. you can enabel it
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 EMA crossed over 100 EMA ). there is only between 1-2, 2-3, 3-4, 4-5, 5-6 moving average cross label.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA3 and MA4 and another 5 between MA4 and MA5 and another 5 between MA5 and MA6.
3 timeframe EMAThis is a 3 EMA in chart with 3 different time frame. For example you can see 1H timeframe EMA when you are in 15m chart
4 Moving Average-By AtropineA moving average is a statistic that captures the average change in a data series over time.
The moving average can be used to identify buying and selling opportunities with its own merit . When the stock price trades above its average price, it means the traders are willing to buy the stock at a price higher than its average price. This means the traders are optimistic about the stock price going higher. Therefore one should look at buying opportunities.
Likewise, when the stock price trades below its average price, it means the traders are willing to sell the stock at a price lesser than its average price. This means the traders are pessimistic about the stock price movement. Therefore one should look at selling opportunities.
We can develop a simple trading system based on these conclusions.
This Indicator Indicates 4 Moving Average of Different Periods.
QUAD DEMAHey Folks,
Just created my first script, It's basically 4 DEMA in one indicator which helps you not to use multiple indicators.
It's more accurate than Exponential Moving Average & give signals much prior to the breakout, very helpful in short timeframes.
Tweak it according to your preference
Instructions to use
-When 55 DEMA crosses all the DEMA it's a clear signal for uptrend or downtrend which can potentially be a entry or exit points.
-Don't depend on this when all the DEMA's are entangled to each other.
-Use Stochastic RSI for better approach in entry.
-Most accurate in 1hr time frame for short term entry.
Enjoy!
AR Peti Kemas Candle Cross EMA8 EMA13 EMA21 EMA55 EMA90 EMA200This is implementation of Peti Kemas. Slighly modified for the selection of EMA period, but user can change the period.
The strategy is if the current candle close is below EMA90 and EMA200, the buy signal is generated when the close crosses up EMA13.
When the close above EMA90 and ENA200, then the buy signal is generated when the close crosses up EMA8
investor_EMA Three-CrossI produced a strategy using short term ema intersections.
A short-term low capital buy signal creates a yellow background after the red background color. Here, profit should be taken by following the trend.
When the green background is formed, positions can be increased, the price will lead us to a safer market.
Exposures can be turned off in the formation of a red background.
The pink zigzag average always shows the Weekly ma9. Price should be followed above the MA9 weekly average which will allow us to see medium term positive price movements.
As a result, the background colors will present a more understandable graph in price movements up and down movements.
The above strategy will generate signals as long and short.
You can make the coloring you want from the settings section.
Daily EMA50 100 200 + BBStandard Bollinger Bands (timeframe dependent), period and standard deviation are configurable.
And standard daily triple EMA (timeframe independent). Short, Medium and Long periods are configurable (50/100/200 by default)
10X Moving Average Dingue V510X Moving Averages into 1 indicator - This is the updated V5 for PineScript 5
This moving average indicator lets you quickly visualize what is happening with the price.
Color-coded for easy visualization of all 10 MAs at the same time.
Fill in colors that let you see expansion and contraction between MAs and also if MAs are above or under each other plus if they are rising or falling.
10 Different Moving Averages give you full control over how you trade. You can have many long-term trends, mixed in with short-term MA. You can mix and match MA types to give a better idea of what other traders might see, important levels, etc… You can select from a wide range of MA Type: 'SMA', 'SMMA', 'EMA', 'DEMA', 'TEMA', 'WMA', 'VWMA', 'KAMA', 'FRAMA', 'TRIMA', 'ALMA', 'HMA', 'LSMA', 'ZLEMA', 'ViDYA', 'JMA', 'T3'
You can select different settings for EACH MA ie. Their type, length, line size, fill or not.
You can quickly ‘Override’ all MA's types by selecting an Override Type. That way you can quickly keep your settings and compare them with another type.
In the same way, you can turn ON/OFF all 10xMA at the same time with one button.
You can plot a moving average of all the 10x moving averages and plot just that one.
'Tool tips' explain much of the settings but if you have any questions, feel free to ask. Thank you for the feedback and check all my ‘Dingue’ indicators.
H/L Price Band with Signal Line (PBS)This indicator centers a moving average around the hl2 of the price. This is calculated as the difference of two moving averages. The upper band is a 9 period exponential moving average, the lower band is a 7 period moving average and the center line is the average between the two. The "Fast Line" is our signal line in this oscillator. When the price is hovering around the center of the band this indicates that a trend is pausing or reversing. When the fast line exits the band this could be a buy or sell signal. It could also indicate a very strong trend in that direction. To get the optimal entry and exit you might want to wait for the price to return to the center line. In addition to the basic functionality of this indicator I have added some bonus features. You can enable the "Slow Line" or the "Long Line" to enhance your signals. When the fast line is above the slow/long line you are in an up trend and inversely when the fast line is below the slow/long line you are in a down trend. The crossing of these lines can indicate a reversal. I have also included a "J" style amplification line. This works by enhancing the difference between the Fast and Slow/Long line to make it more visually apparent. You can also configure the "J" line to be calculated between either the slow or long line. Finally I have added the feature to amplify the band width by the standard deviation. This is set to 1 by default but you can also get a more responsive signal by setting this to 0.
This indicator works in most markets. There is a tool tip for every aspect of this indicator explaining how everything works. I hope you are very profitable with this one!
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
Keltner Channel With User Selectable Moving AvgKeltner Channel with user options to calculate the moving average basis and envelopes from a variety of different moving averages.
The user selects their choice of moving average, and the envelopes automatically adjust. The user may select a MA that reacts faster to volatility or slower/smoother.
Added additional options to color the envelopes or basis based on the current trend and alternate candle colors for envelope touches. The script has a rainbow gradient by default based on RSI.
Options (generally from slower/smoother to faster/more responsive to volatility):
SMMA,
SMA,
Donchian, (Note: Selecting Donchian will just convert this indicator to a regular Donchian Channel)
Tillson T3,
EMA,
VWMA,
WMA,
EHMA,
ALMA,
LSMA,
HMA,
TEMA
Value Added:
Allows Keltner Channel to be calculated from a variety of moving averages other than EMA/SMA, including ones that are well liked by traders such as Tillson T3, ALMA, Hull MA, and TEMA.
Glossary:
The Hull Moving Average ( HMA ), developed by Alan Hull, is an extremely fast and smooth moving average . In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time.
The Exponential Hull Moving Average is similar to the standard Hull MA, but with superior smoothing. The standard Hull Moving Average is derived from the weighted moving average ( WMA ). As other moving average built from weighted moving averages it has a tendency to exaggerate price movement.
Weighted Moving Average: A Weighted Moving Average ( WMA ) is similar to the simple moving average ( SMA ), except the WMA adds significance to more recent data points.
Arnaud Legoux Moving Average: ALMA removes small price fluctuations and enhances the trend by applying a moving average twice, once from left to right, and once from right to left. At the end of this process the phase shift (price lag) commonly associated with moving averages is significantly reduced. Zero-phase digital filtering reduces noise in the signal. Conventional filtering reduces noise in the signal, but adds a delay.
Least Squares: Based on sum of least squares method to find a straight line that best fits data for the selected period. The end point of the line is plotted and the process is repeated on each succeeding period.
Triple EMA (TEMA) : The triple exponential moving average (TEMA) was designed to smooth price fluctuations, thereby making it easier to identify trends without the lag associated with traditional moving averages (MA). It does this by taking multiple exponential moving averages (EMA) of the original EMA and subtracting out some of the lag.
Running (SMoothed) Moving Average: A Modified Moving Average (MMA) (otherwise known as the Running Moving Average (RMA), or SMoothed Moving Average (SMMA)) is an indicator that shows the average value of a security's price over a period of time. It works very similar to the Exponential Moving Average, they are equivalent but for different periods (e.g., the MMA value for a 14-day period will be the same as EMA-value for a 27-days period).
Volume-Weighted Moving Average: The Volume-weighted Moving Average (VWMA) emphasizes volume by weighing prices based on the amount of trading activity in a given period of time. Users can set the length, the source and an offset. Prices with heavy trading activity get more weight than prices with light trading activity.
Tillson T3: The Tillson moving average a.k.a. the Tillson T3 indicator is one of the smoothest moving averages and is both composite and adaptive.
Moving Average PanelThis indicator calculates many different moving averages and displays whether they are increasing or decreasing as a panel/table instead of a plot. Rows/columns can be removed from the table as needed in the options menu, there is also a mobile friendly/compact option as well as a location option.
Note: This script is large and may take a few moments to load.
Note: If there is not enough data, will default to bearish/decreasing.
Value Added
This is the most complete and transparent moving average panel/table indicator. Unlike things such as the Technical Ratings, you can see what components are increasing or decreasing.
There may be some advantage in judging if a trend is likely to reverse or not based on the MA's with less lag.
Good for quick screening of charts.
MACD-EDT "EMA DEMA TEMA" [DM]Greetings to all colleagues
Today I share a MACD with the EMA , DEMA , TEMA variants.
The aim is that they can see how the signals vary from a normal MACD to one with the averages created by Patrick Mulloy (1994)
Variables of this MACD:
EMA = Exponential Moving Average
DEMA = Double Exponential Moving Average
TOPIC = Triple Exponential Moving Average
He also has in the arsenal:
SMA Simple Moving Average
WMA Weighted Moving Average
Plus...:
Volume-weighted variant in all of them
Visual options:
Points at the crossroads
Shadows on the body of the signals
All colors are customizable
Histogram and shadow are gradients at 15 steps
It has switches for:
Shadow
Histogram
Macd and signal
Crosses
Some minor details remain to be incorporated in the next few days.
Pre-cross calculation.
Alerts
Bar color
Enjoy!!! ;-)
MACD Alert [All MA in one] [Smart Crypto Trade (SCT)]This code is a gift from "Smart Crypto Trade (SCT)" group
MACD indicator contains 3 EMA, I think one of the best usage of MACD is trend detection and divergences.
In our indicator, you can select the type of Moving averages that used in macd.
You can using "MACD" based on several types of moving averages including:
Exponential Moving Average ( EMA )
Volume-Weighted Moving Average ( VWMA )
Simple Moving Average ( SMA )
Weighted Moving Average ( WMA )
Exponentially Weighted Moving Average (RMA) that used in RSI
Smoothed Moving Average ( SMMA )
Arnaud Legoux Moving Average ( ALMA )
Double EMA ( DEMA )
Double SMA (DSMA)
Double WMA (DWMA)
Double RMA (DRMA)
Triple EMA ( TEMA )
Triple SMA (TSMA)
Triple WMA (TWMA)
Triple RMA (TRMA)
Linear regression curve Moving Average ( LSMA )
Variable Index Dynamic Average ( VIDYA )
Fractal Adaptive Moving Average ( FRAMA )
In other words we tried to collect all the most popular MAs in our MACD indicator.
In addition, you can use four types of alert or alarm conditions for detection LONG or SHORT positions and trends. For this, you must set an alert in alert tab and set the condition based on four defaults conditions.
Enjoy
User Selectable Moving Average GuppyA version of the popular "Moving Average Ribbon" or "Guppy" indicators, except nearly everything about it is user selectable. The user can change the source, period, and type of moving average used for every single line on the chart. Note: The visuals are fairly intensive and may take a moment to catch up after adjusting settings.
Credit: This script utilizes the "Color Gradient Framework" tutorial by LucF (PineCoders) to create gradient visuals, which are also customizable for the user.
Moving Average Options:
Running (SMoothed) Moving Average (RMA or SMMA) - Slowest
Simple Moving Average (SMA) - Slow
Exponential Moving Average (EMA) - Responds faster to price than SMA
Weighted Moving Average (WMA)
Volume-Weighted Moving Average (VWMA)
Triple EMA (TEMA)
Exponential Hull Moving Average (EHMA) - Hull with Smoothing (Slower than Hull)
Least Squares Moving Average (LSMA) - Simple Linear Regression
Arnaud Legoux Moving Average (ALMA) - Adjustable, set offset=1 to be current, offset=0.85 for good smoothing (Slower)
Hull Moving Average (HMA) - Normally responds fastest to price of all options
Value Added :
This script is unique in that it allows the user to chart the "Guppy", except nearly everything about it is customizable. The user can change the source, period, and type of moving average used for every single line.
Typically, the Guppy is plotted with simple moving average or exponential moving average, which respond much slower to price than the Hull Moving Average, which this indicator uses as default. (Elimination of lag)
The Hull MA settings for the highest time frame moving averages should work well for assessing the overall macro trend, with a nice visual presentation. Additional labels and alerts for the macro trend are available.
Furthermore, this script provides many more options for type of moving average than is typical for a moving average indicator that provides the user with options, including advanced options such as Hull, TEMA, and ALMA.
The visual presentation is customizable and should provide some entertainment for users who want to create pretty charts.
Bollinger Bands With User Selectable MABollinger Bands with user selection options to calculate the moving average basis and bands from a variety of different moving averages.
The user selects their choice of moving average, and the bands automatically adjust. The user may select a MA that reacts faster to volatility or slower/smoother.
Added additional options to color the bands or basis based on the current trend and alternate candle colors for band touches. Options:
REACT SLOW/SMOOTH TO VOLATILITY
simple moving average (Regular Bollinger Bands)
REACT SMOOTH TO VOLATILITY
exponential moving average (EMA Bollinger Bands)
weighted moving average (Weighted MA Bollinger Bands)
exponential hull moving average (Hull Bollinger Bands with better smoothing)
HIGHLY ADJUSTABLE TO VOLATILITY
Arnaud Legoux Moving average (ALMA Bollinger Bands)
Note: 0.85 ALMA default for more smoothing, set offset=1 to turn off smoothing
REACT HARSH TO VOLATILITY
least squares moving average (Least Squares Bollinger Bands)
REACT VERY FAST TO VOLATILITY
hull moving average (Hull Bollinger Bands or Hullinger Bands)
VALUE ADDED: This script is unique in that no other Bollinger Bands indicator offers a user selection for moving average, and some of the options do not exist yet as Bollinger Bands indicators.
Definitions:
Bollinger Bands: A Bollinger Band® is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences.
Exponential Bollinger Bands: The most important characteristics of the Exponential Bollinger Bands indicator are: When the market is flat, the bands will stay much closer to prices. When the volatility is high, the bands move away from prices faster.
Hull Bollinger Bands: Bollinger Bands calculated by Hull moving average, rather than simple moving average or ema. The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time.
Exponential Hull Bollinger Bands: Bollinger Bands calculated by Exponential Hull moving average, rather than simple moving average or ema. The Exponential Hull Moving Average is similar to the standard Hull MA, but with superior smoothing. The standard Hull Moving Average is derived from the weighted moving average (WMA). As other moving average built from weighted moving averages it has a tendency to exaggerate price movement.
Weighted Moving Average Bollinger Bands: A Weighted Moving Average (WMA) is similar to the simple moving average (SMA), except the WMA adds significance to more recent data points.
Arnaud Legoux Moving Average Bollinger Bands: ALMA removes small price fluctuations and enhances the trend by applying a moving average twice, once from left to right, and once from right to left. At the end of this process the phase shift (price lag) commonly associated with moving averages is significantly reduced. Zero-phase digital filtering reduces noise in the signal. Conventional filtering reduces noise in the signal, but adds a delay.
Least Squares Bollinger Bands: The indicator is based on sum of least squares method to find a straight line that best fits data for the selected period. The end point of the line is plotted and the process is repeated on each succeeding period.
