Supertrend BandsSupertrend Bands
What is the Supertrend indicator?
"The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction.
The indicator works well in a trending market but can give false signals when a market is trading in a range.
It uses the ATR (average true range) as part of its calculation which takes into account the volatility of the market. The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is."
"For the basic Supertrend settings, you can adjust period and factor:
- The period setting is the lookback for the ATR calculation
- Factor is the what the ATR is multiplied by to offset the bands from price"
How to use this indicator
This indicator is inspired by a strategy I found. It includes four Supertrend indicators, each with different settings that displays trend strength and support/resistance zones. The default settings are optimal for cryptocurrency but do work quite well for traditional also. I highly recommend you try experimenting with different settings, increasing them to suit the instrument.
The bands are set from low to high, Band 1 being the fastest and Band 4 being the slowest. Band 4 is the one that sets the overall trend so when price is above Band 4, the trend is bullish and vice versa. Trend is strongest when price is above/below Band 1 and gets weaker as it filters through each band. Band 4 provides the strongest support/resistance and if that breaks the trend flips.
In the menu, you will see an option called "Remove Anti Trend?". It is enabled by default and it removes any bearish/resistance bands when the trend is up and any bullish/support bands when the trend is down. When turned off, it will show all Supertrend Bands as they are by default.
Bar Colors
Bar colors are optional and they reflect the current trend strength based on the Supertrend bands.
Alternate ways of using this indicator
You could leave everything as default or you can display individual bands. For instance, because I use many overlay indicators, most of the time I turn off all the bands and only show bar colors:
You can also turn off Bands 1 and 2 and only show the two slowest lengths:
This removes the noise of the two faster Supertrends.
Or just show the two fastest bands:
Any suggestions to improve this indicator are most welcome :)
Trend
Zig Lines with Percent & ValueOverview, Features, and Usage:
The Zig Lines with Percent & Value is an indicator that highlights the highest and lowest points of the market from pivot points and zigzag lines based on the ZigZag Period setting. By a default value of 13 for the ZigZag Period this works well on Bitcoin or other alt coins on the 1 hour or higher timeframe charts.
What makes this indicator unique is that it draws a green line to signify an uptrend or a red line to signify a down trend. It will also show the percent difference between the previous point/line, for example: If you see a -negative percentage point with a red line drawn to it, then you are looking at a low pivot point and then as the green line is drawn to a +positive percentage value the percentage you see is the difference between the two points. This is great to see a trend reversal as you can look at previous pivot points and notice about how far the price moves before it changes direction (trend reversal).
There is an invisible EMA line that is used to assist with coloring the negative vs positive values. The value above or below the percentage is the lowest or highest price at that pivot point . The display of the price at the pivot point depends on your ZigZag Period setting and the timeframe of your chart.
Added Bollinger Bands as it fits perfectly with the visuals of the Zig Lines & Pivots.
Usage of Bollinger Bands:
~As the price or candle gets close to the top or bottom of the Bollinger band it can give you a better confirmation that the pivot location is at it's final place, and the trend is more likely to switch directions.
It’s important to know this indicator should not be used for alerts of any type it does repaint as the green or red line is drawing based on live chart data and it can change depending on the direction of the market. This is a great visual tool for trend analysis or to be used with other indicators as a confirmation for a possible good entry or exit position.
Credits ( and consent to use ):
Credits go to user LonesomeTheBlue for creation of this 'Double Zig Zag with HHLL' script.
The addition of the Value above/below the Percentages is from user Noldo and that script is found here:
The Bollinger Bands setup was suggested by user countseven12 and his script that uses the same BB setup is found here:
References:
1. Chen, James. (2021 March 15). Zig Zag Indicator . Received from http: www.investopedia.com
2. Mitchell, Cory. (2021 April 30). Pivot Points . Received from http: www.investopedia.com
Volume Pump WaveThis indicator displays volume as a pump wave. Can be useful for chart analysis and easy detection of anomalies/trends.
LSMA CrossoverThis is a simple script designed to help filter out bad trades. LSMA is a trend king and by using the 21,200 and 1000 length lines traders can get a clear view of where price action is travelling. This indicator is the perfect companion to the LSMA Wave Rider indicator. Once a pullback is discovered (price action crosses under blue or white line) Traders can use LSMA Wave Rider to locate perfect entry point.
Least Squares Moving Average follows these rules:
When price crosses over it signals a bull trend.
When price crosses under it signals bear trend.
When price stays close or on the line sideways action is to be expected.
The direction of the line shows the direction of the trend.
Here is an example of finding good trades. Price action pulls below white or blue line.
Another example of what a pullback looks like.
This example shows how to find trend using crossovers.
Another example how trend can be found but by using line direction.
LSMA Wave Rider can be found here:
Stochastic OTTStochastic OTT is Anıl Özekşi's latest derived version of Optimized Trend Tracker on Stochastic Oscillator.
You might like to view the original version of the indicator if you don't know about OTT yet:
He tried to solve the fake signals of Stochastic Oscillator by adopting OTT on the indicator.
He advised users to set the stochastic smoothing parameters to 500 and 200 on his latest video about SOTT.
He personally uses 1 min charts on stock market so the parameters of the indicator might have to be optimized for other time frames nad markets.
He exaggerated the Stochastic to 1000's to have better signals of percent values of OTT.
Also hes used VIDYA in both calculations of OTT and Stochastic smoothing.
Hope you'll enjoy the SOTT in your profitable trades.
Kıvanç
HuD DE | TEHuD DE | TE Expert is a combination of two indicators.
1. DE or Deviation Expert
DE is based on ema5 and ema20. This MA algorithm is to filter signals such as trend and convergence/divergence. It is represented by HA Candles.
There are 4 signals to assist traders in making decisions
i. Golden Cross = possible entry point ( Green Triangle )
ii. Death Cross = possible exit point ( Red Triangle )
iii. Cross Up Level 0 = look for Buy opportunity ( Green Diamond )
iv. Cross Down Level 0 = look for Sell opportunity ( Red Diamond )
There are also ema lines to monitor the movement of current candle movement.
2. TE or Trend Expert
TE is based on ema5 movement to assist traders to see the overall trend of chart movement.
The movement is represented by HA Candles.
There are 4 ema's lines to monitor HA Candles movements.
This lines act as support / resistance which can assist traders to see the current trend of the chart.
For example, if line is green ( Uptend) and the next candle drop below the first green ema lines, next line (ema10) acts as support.
If next candle breaks ema10, we can consider making an exit plan. Or for swing traders, they can consider waiting until candle drop below ema50 ( purple line ) before deciding to exit.
Note: This indicator setting only suitable for Bursa Malaysia market.
The Trending Band IndicatorThis indicator shows the trend of the market. The middle line is the 200-day moving average because it shows the long term trend of the market. However, since the market does give fake signals of going up and down through the 200-day moving average, I had to put a band on it to push through the fake signals. The first band around the middle line is 1 standard deviation of historical volatility which gives an area of cushion to prevent fake signals. The goal is if the stock is above the first top band, then the stock is in an uptrend. If the stock is below the first bottom band, then the stock is in a downtrend. If it is the middle of the first bands, then the stock is known to be rangebound.
The top most and bottom most yellow lines are 4 standard deviations of historical volatility which give an idea of where the floor and ceiling are. This helps investors and traders identify good buy and sell zones using the yellow lines to see overbought and oversold sides.
This is a great indicator for people who need help following the trend of a stock, etf , etc.
TEMA Cross +HTF BacktestThis is a follow up to a previous script release called " TEMA Cross Backtest ".
This new strategy uses two TEMA crosses, one for trend direction, one for entry and exit. The entry and exit parameters are the same as the previous script. The trend direction is based on a user configurable higher timeframe TEMA cross which determines when to take longs or shorts. When the indicator is purple, it is looking for shorts, and when it is yellow, it is looking for longs. The background of the chart is colored accordingly to see the trend direction at a glance.
The default settings are the ones I have found produce the highest backtest results. The backtest is set by default to use a $500 account, and use $500 for every entry and exit, no matter the direction or overall profit/loss.
Parts of script borrowed from other public scripts.
Relative Difference Of Squares Oscillator [CC]The Relative Difference Of Squares Oscillator was created by Marco Alves (Stocks and Commodities Aug 2020 pg 10) and this is a heavily customized version of his indicator that works for single stocks instead of the entire market. I have included extra buy and sell signals to account for strong signals vs normal signals based on some user feedback I got. Buy when the line turns green and sell when it turns red. Keep in mind that this is a lagging indicator so good for trend confirmation.
Let me know if there are any other scripts you would like to see me publish!
Wave Trend Momentum OscillatorThis momentum oscillator is instantaneous and also extremely accurate. For use on all timeframes. Shows wave trend momentum as well as reliable diversions. A secondary crossover (Wave Trend Crossover) can be turned on to give even earlier entries and exits. This indicator has the ability to show changes in trend before it happens. Diversions can be turned off in settings.
There are 3 different smoothing options to tune the indicator to your chart/timeframe. Default setting is HULL.
Wave trend has 4 coloring options: sold, dual color 1, dual color 2 or none (dont show wave trend).
A J line can be turned on in settings as well as the wave trend crossover.
BTC Health (OHLC and TEMA)The "health" (ie, price trend) of Bitcoin has a major influence on the whole cryptocurrency market. Therefore, it can be useful to check the price and trend of BTC prior to entering a new position. This indicator displays BTC candles plus a fast & slow TEMA below the primary chart, so you can check how BTC is behaving.
BTC quote is from BINANCE, using the timeframe of the main chart. TEMA periods can be customized.
EMA 730 Ribbon MTF - Support and ReistanceThe EMA 730 line is a great way to show dynamic support and resistance . Price action travels "through" this line on each timeframe. This script pulls the EMA 730 Line from multiple timeframes so a trader can visually see price action bounce between support and resistance lines. Lower bands (white lines) can be turned off using "tickbox" in settings. EMA length can also be adjusted in settings. Some charts may work better with a length of 750.
Example of EMA Bands on lower timeframe.
Dump Detector - Hull Moving AverageDump Detecter uses HMA (Hull Moving Average) to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Pump signals can be turned on with tickbox.
Supertrend3n1it combines the 3 super trend indicator values to save space for more indicators in the chart , and it works perfectly with the stochastic RSI indicator
Percent up to ATH v. 2.0 (CHECK 1D TIMEFRAME)for the label to display the price change for 1 day, 1 week, 1 month and 1 year, you must switch the graph to the daily (1D) timeframe
this script shows:
- the maximum price and the date of this maximum
- the minimum price and date of this minimum
- current price and date of this price
- the difference between the current price and the maximum price in percent (%) and in dollars ($)
- the difference between the minimum price and the maximum price in percent (%) and in dollars ($)
- price change in percent and dollars for 1 day, 1 week, 1 month and 1 year
this script displays information in two languages - English and Russian
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Чтобы на метке отображалось изменение цены за 1 день, 1 неделю, 1 месяц и 1 год, необходимо переключить график на дневной (1D) таймфрейм
этот скрипт показывает:
- максимальную цена и дату этого максимума
- минимальную цена и дату этого минимума
- текущую цена и дату этой цены
- разница между текущей ценой и максимальной ценой в процентах (%) и в долларах ($)
- разница между минимальной ценой и максимальной ценой в процентах (%) и в долларах ($)
- изменение цены в процентах и долларах за 1 день, 1 неделю, 1 месяц и 1 год
этот скрипт отображает информацию на двух языках - английском и русском.
KAYA_TRENDThis is a trend indicator created for follow trend. You can follow trend from candle colors.
Lime = Bullish Trend
Red = Bearish Trend
Yellow = Trend is turning. Or trend is weakening.
Also you I added 1000 period LSMA with ATR bands for understanding trend.
If have a question please comment below.
Bitcoin 2-Year MA Multiplier by GodtrixHi guys, I found this tool very useful and accurate, but can't find it on Trading View, so I made one for myself and everyone here ;)
Alert is available too.
Indicator Overview
The 2-Year MA Multiplier is intended to be used as a long term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.
To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.
Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.
Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when price goes above the 2yr MA x 5 (red line) has been historically effective for taking profit.
Why This Happens
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited causing the price to over-extend, and periods where they are overly pessimistic where the price over-contracts. Identifying and understanding these periods can be beneficial to the long term investor.
This tool is a simple and effective way to highlight those periods.
Credit to & Created By
Philip Swift
Date Created
July 2017
BITSTAMP:BTCUSD
RSI Over EMA Trend SniperThis is an indicator that uses horizontal EMA lines with a RSI line on top of it to provide optimal entry and exit positions for trading crypto.
How to use:
If the Aqua(RSI) line passes upwards on the red heading to the white - it's heading towards a good BUY signal. To be safe you wait until it passes above the white line, then BUY LONG. Another signal to buy long is when the Aqua line passes above the white and green lines.
Selling is essentially the opposite, if the Aqua line is passing down from the green or white lines, then it's time to sell and exit your trade.
This indicator works well as a confirmation, and it's nice to have multiple confirmations, so it's suggested you use this with other indicators that can provide entry and exit confirmations.
Trend Analyzer - SwingSwiss SuiteTrend Analyzer aims to define and analyze the trend of a particular asset at a given time using MACD, mathematical functions, and moving average.
It comes in very handy when determining an overall strategy or when you need to decide on whether a trade makes sense or not.
Finally, you can build a complete strategy around the indicator.
QUICK OVERVIEW
When the histogram is green, it means that the asset is currently bullish. Blue shows a possible reversal while red is synonymous with a bearish trend.
In the configuration panel, you can change the length of the data analysis.
The lower the number, the more recent the data captured is. Therefore, it's more predictive.
USE CASES
- You want to make a long trade on a 30mn chart but the indicator is red on the 30mn chart but also in the lower charts showing that the trend is not likely to reverse... You should think twice about that trade.
- You want to short the market on a 2h chart but on the lower charts, the green indicator is showing... Wait for a little bit, you might short at a higher price.
POSSIBLE STRATEGY
Let's take the BTCUSDT Future on the 2h chart :
You can display the indicator twice.
The first one with a length of 5, the second one with a length of 4.
To enter a long trade, wait for the green on length 5 and exit it at blue or red on length 4! It works like magic ;)
Disclaimer:
Trading and investing in the financial markets involves substantial risk of loss and is not suitable for every investor.
All trading strategies are used at your own risk.
Trend Analyzer is part of the SwingSwiss Suite, contact me for more info
Bitcoin Logarithmic Regression RainbowI know there are a lot of BTC rainbows out there, I just wanted to publish my version with my fittings to the BTC price.
The grey channel at the bottom encloses the March 2020 Corona dump.
For best experience USE WEEKLY TIMEFRAME .
Dilip Support/Resistance Level To LevelThis "on chart" indicator is used purely as a visual sentiment to directional momentum of the pair you are looking at.
it is split into two parts, both of which i will explain below.
1, The SMA (Green and Red) this is used to find the directional momentum
2, the Level, is used to decide if the market is in a bullish or bearish move, hence determining whether or not to go long or short.
-only go long when price above Level, and short, below.
i have found it very good at calling out bad trades, when the direction changes quickly.
same as all my other indicators this is fully adjustable in the settings.
i find, with the standard settings, it works best on the 5 munites timeframe as shown, but again, can be used on any time frame.
For access, send me a DM on TradingView
Dilip Nifty Trend ZonesExtended version script.
This indicator can be set up for 5 different tickers, so you can fill up your favourite tikers as fixed and switch between them without changing settings options of Tick Count,
Using option "Show default Zones if not Matched" - you can set up default options,
switching off "Show default Zones if not Matched" - will hide indicator for not matched tikers
By default option is Off
I hope it helps,
Note: Since Trend Finding Indicator works in NIFTY only amounts vary across the board. The background height is set to readjust based on the highest bars. This lookback amount is adjustable by the user and it does not affect calculations what so ever.
For access, send me a DM on TradingView
Dilip Banknifty Trend ZonesExtended version script.
This indicator can be set up for 5 different tickers, so you can fill up your favourite tikers as fixed and switch between them without changing settings options of Tick Count,
Using option "Show default Zones if not Matched" - you can set up default options,
switching off "Show default Zones if not Matched" - will hide indicator for not matched tikers
By default option is Off
I hope it helps,
Note: Since Trend Finding Indicator works in BANKNIFTY only amounts vary across the board. The background height is set to readjust based on the highest bars. This lookback amount is adjustable by the user and it does not affect calculations what so ever.
For access, send me a DM on TradingView
