UCS_TrendIts been a long time!!!!, Here, I am back with another indicator bust. This time it is TTM_Trend sold by Trade The Market.
This is my interpretation of the indicator, There are some mismatches, but i consider it as minimum. On Thinkorswim I was able to match it exactly. May be its just the way Tradingview plots the arguments specified. Here is the concept for anyone who want to improve and match it to the actual.
Update: The mismatch occurs in high volatility zone. the painted bars highs and lows in Tradingview is different when compared to TOS.
Trend
Murrey Math Extremes ComparatorHOW IT WORKS
Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other.
WHAT GIVE ME THIS SCRIPT
The script can give you very valuable information:
- Main Trend
- Pullbacks detections
- Extreme overbought oversold prices alerts
- Divergences
- Any timeframe usage
REFERENCES OF USAGE
Main Trend Indications
****The main trend is indicated with green(bull) or red(bears) small "triangles" on the bottom(bull) or the top(bears) of the chart.
*****To detect the Bull/Bear major trend the script use 256 murrey, if > 0 (green) we are uptrend in other cases we are downtrend
Pullback detection
****The pullbacks are indicated with Green(bull) or red(bears) medium "Arrows"
*****To detect pullbacks the system compare the long term murrey with the short term murrey, if long term is Green(green triangles)
*****so we are in a main bull trend, if the short term murrey make an extreme low then the pullback is indicated
*****The same for the short pullback, if long term murrey is RED and we have an extreme green short term murrey we shot a red arrow
Extreme Overbught/Oversold
****The extreme OO is indicated with fancy diamonds
*****To detect the Extremes price movements we combine the two murrey, if Long Term Murrey is overbought and short term murrey too
*****Then the diamond show on the screen obove or below based on the extreme if overbought or oversold
Strategy Resume:
Triangles indicate Major Trend Up/Down
Arrows Indicate Continuation pullbacks
Diamonds Indicate Extreme Prices
GUIDE HOW TO IMAGES
How it's works Behind Scene
[NM] Reversal Candles v01Reversal candles are a very easy way to identify a turn in trend, this indicator has some specific additional conditions for the reversal candle.
BUY Signal reversal candle
Low of current candle exceeds low of previous candle
Low of current candle is lowest for last 7 candles
High of current candle exceeds high of previous candle
Close of current candle is in the upper 50% of the range of this candle
SELL Signal reversal candle
High of current candle exceeds high of previous candle
High of current candle is Highest for last 7 candles
Low of current candle exceeds low of previous candle
Close of current candle is in the lower 50% of the range of this candle
How do I trade it ? (example buy signal)
Wait for close of the candle and the BUY signal
Put a buy stop entry 5 pips above the high of the candle
Put a stop loss 5 pips below the low of the candle
Calculate difference between entry and stop loss and set your target that number of pips above the entry for a 1:1 RR trade*
Wait for your your target or stop loss to be triggered
* Alternatively, you can take 50% of the profit at the 1st (1:1 RR) profit target, move your stop to break even and let the rest of the position run for a higher potential profit.
Further advice on use
Personally I always look for some additional confirmation like a support or resistance level, a bounce of the EMA or a fibonacci level, but please feel free to add additional filters to make the strategy even more effective. I would strongly advise to backtest your strategy first so you can fine tune it and have confidence in trading it. Forward testing on a demo account before going live, although it takes longer, can be a worthy alternative. Works better on higher time frames.
How do you use it ?
Please leave a note in the comment section below to let me know if you use the indicator and how. There's definitely not just one way to use the indicator so I'm curious about your feedback.
To apply the script to your chart, just add it to your favourites so you can easily find it in the Indicators list.
Kindly leave me a thumbs up if you like this indicator or support my work, and do not hesitate to visit my other indicators. Thanks for your visit
Market Meanness Index-Price ChangesThis is the Market Mean index. It is used to identify if the market is really trending or if it is range bound(random). In theory, a random sample will be mean reverting 75% of the time. This indicator checks to see what how much the market is mean reverting and converts it to a percentage. If the index is around 75 or higher than the price curve of the market is range bound and there is no trend from a statistical standpoint. If the index is below 75 this means the price curve of the market is in fact trending in a direction as the market is not reverting as much as it should if it were truly following a random/range bound price curve.
Trender & mov avg Jayy updateThe Trender and moving average for a version of trend analysis. This is an update of a previously published script. A recent Pine script update makes this update necessary.
This is my interpretation of Bloomberg's Trender.
The script is derived from this document:
www.forexfactory.com
I have no idea what settings are best. I like the ones I have used because I see some harmony with the
20ema but that could be said for a variety of settings. The chief variable for adjustment is "sensitivity" which is really just the number of standard deviations away from the midpoint calculation. The Trender is plotted as crosses.
Also the moving average will be green if its own 8 period moving average is below the
moving average or red if it is above. In other words a Green moving average suggests an uptrend and a red moving average a down trend as far as moving averages are concerned. In formatting you can have an ema or sma at the click of a button. also at the bottom you will have an option to display moving averages as emas in intraday and smas if the period is daily or higher. In this option you will also see the 50 moving average ( ema if intraday and sma if daily or more.) Most people will opt for consistency and simply use either an ema or sma . In this case leave the
"Show EMAs intraday and smas interday" unchecked.
Jayy
K.M Trend Alerts (BETA 1.2)Like I said previously in the " K.M Trend Strategy (BETA 1.2) " this is the script to set alerts. If you haven't seen the strategy one please search it. Please look at the strategy post to see more information. Thank you.
Buy Alerts = P (greater then) B
Sell Alerts = P (less then) B
Sincerely,
Kevin Manrrique
Follow us on Instagram: TWTForexGroup, we have amazing content and also sell signals.
Chauvenet RadiusThe Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta.
In the stock market if prices move away from the average with a volatility too high are suspect. This principle is embodied in the Chauvenet floor with the definition of two asymptotes and two data areas rejection.
The Chauvenet Radius is the quadratic sum of the delta (distance from average) and sigmoid (volatility) and is therefore an obvious market stability index. In fact the moments when price strongly moves away from the average with high volatility coincide with the moments of high instability of the market.
It can be considered an evolution of John Bollinger method introduced during the '80.
Source: www.performancetrading.it
EZ TrendEZ Trend creates a signal when the current open price is equal to, or within a set range of, the last close price AND current candle is the opposite color of last candle. This indicator is based on my observation that when O = C AND the last candle's color is opposite of the current candle, the NEXT candle seems to follow the color of the current candle and a change in trend tends to follow.
This is not an absolute rule and it seems to work better with middle and higher priced assets where there is a lesser probability of O = C . Assets with very low prices or low volatility should use a Signal Precision value of 0. (ex: DGBBTC) and larger time frames tend to yield fewer false signals.
Signal precision (the absolute value of the difference between O and C ) can be adjusted in 0.00000001 increments.
ZeroLag ema + adx = trueCombined LazyBears ZeroLag EMA and CapnOscars moving average ADX. Here's the result.
I figured it could be used as a trend trendtrading system,
ADX red + ema cross downards = short.
ADX green + ema cross up = long.
ADX black + ema cross = no trade
Or something along those line. A way filter out whipsaws.
This is just something I threw together in 5 min, so din't go all in tho. Haven't had time to test.
2 ADX
3 Z-EMAs
Colors/settings can be customized.
High Low Envelope SigmaDescription:
High and Low Envelope channel with median line and 'sigma' offsets to try and encapsulate price flow and quickly locate likely areas of support and resistance on the fly.
Triple Bollinger BandsI found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish divergence on the RSI as shown in this picture, GO SHORT SON! This was a fast and easy 35 - 40 pips and if you used your fibonacci for an exit you had little doubt of the final result and could have even been prepared for an immediate reversal knowing you were then at an oversold -2.8 deviation. I could go on and on........
ST_Trend_ReversalSTRONG TREND REVERSAL INDICATOR
The code is the percentage difference between the spot price of a given financial asset and its 200-day MA of that period. My standard setup is Daily, and I think it's got very good predictive power at that timeframe.
It can be read in two ways:
1. Values extremely above or below the 200-period MA present chances of buying/selling agains the prevailing trend.
2. Values closely above or below the 200-period MA are make-or-break market periods, where a medium-term trend becomes evident. Breaks above or below the MA are associated with strong chances of directional movements. But it's not fool-proof as false breaks have become commonplace nowadays.
Other way to use it is as confirmation of breakdowns: For example, an asset that loses its 200-day MA and then can't rally above it becomes exposed to steep losses afterwards.
It's also helpful to use in volatility trading: the closer the asset goes to its MA, the lower goes implied vol, and thus better opportiunities to be long volatility on those occasions where direction is hard to predict.
STRI = close/(200dMA)
Values over 100 indicate percentage premiums of spot vs its moving average.
Values below indicate percentage discounts of spot vs its moving average.
Kay_BBands v2This is the second version of Kay_BBands. But this is infused with ADX.
When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa.
This is when the ADX is above the threshold. 20 is the default but can be set to 25.
When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions.
Use it with another band with setting 20/21, 0.6 deviation. Prices keeping above or below the 2nd bands upper or lower bounds shows trending conditions.
StochRSI overSold/Bought alerts - by squattterDepending on the new trend - Fisher 100 crossing 0;
Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
SuperTrend BFI am republishing this indicator as something changed within TradingView's script engine so that the old script ceased to function ( a minor syntax error that used to be acceptable but no longer is).
Anyhow here's the fixed version which as you can see has done a great job of keeping us on the right side of the trend with once-hot stocks like Skyworks !
Trend FilterThe indicator paints the bar colours based on the average open and average close for past N days.
if average close is above average open, the bars are coloured green, otherwise they are coloured red
It can be used as a general trend filter on weekly, daily bars. even on intraday timeframes, this would work well and give a sense of the current trend direction.
Trend FilterThe indicator colours the candles either Green or Red depending on the following conditions:-
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
MACD trend heatmap (by ChartArt)This is an overlay indicator which uses the classic period settings and signals from the MACD (Moving Average Convergence/Divergence) indicator to overlay a heatmap using all the information the MACD generates with its three periods (12,26,9).
The first two moving averages which the MACD uses (12 and 26) can be plotted on the chart like usual EMAs.
In addition to the background color function (the heatmap) and the EMAs, there is an optional bar color alert when the uptrend or the downtrend as measured by the MACD appears to be very strong.
SuperTrend Oscillator v3Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator.
Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator.
Make the chart yours using the share button for the indicator with barcolors functionality.
Changes from v2 and looking forward: Indicator now uses a 14 length SuperTrend with no ATR multiplier. This my preferred use and I'd be grateful to hear your case for a different length/multiplier. Removed the Bollinger Bands and retracement dots due to these being gimmicky and marginally useful. There may be a version 4 should a similar concept using a rate of change analysis turn out to be useful. I have also tried -in vain- to plot internal trend peaks as horizontal S/R levels. Please pm if you are willing to help in that respect.
Strategy: The indicator will display the trend as a red/green area. It measures the spread between the closing price and the SuperTrend line, much like a CCI (close and ma). When the area contracts warning bars of the opposite trend color will warn of a reversal. When this happens, these areas will either be defended, reviving the trend, or will break, causing a trend flip. SuperTrend is unique in that breaks are typically large candles, and that its levels, especially on Weekly, Daily, Hourly, Minute timeframes, these levels will be defended (think similar to a 200sma or a 21ema). The STO making new highs within (internal) a trend is an overextension sign.
CVX Example: This is not a full analysis of CVX's stock , just an example potential trades. On the posted chart I used a weekly and a daily STO.
Long 1:The weekly showed warnings and then flipped. The daily made a double bottom, showed warnings and then flipped the daily STO at trendline support.
Long 2:The weekly still shows an uptrend, the daily made a weak break to downtrend and reversed back upwards at trendline support, forming a double bottom. Note the conservative exit when the STO made an internal new high.
Long 3: looking forward on CVX stock , the current downtrend made a weak break and is showing sings of reversal (pin bar) at horizontal support. Go long on flip of the daily (conservative) or flip of the hourly (aggressive).
SuperTrend OscillatorVersion 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator.
Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator.
Make the chart yours using the share button for the indicator with barcolors functionality.
Changes from v2 and looking forward: Indicator now uses a 14 length SuperTrend with no ATR multiplier. This my preferred use and I'd be grateful to hear your case for a different length/multiplier. Removed the Bollinger Bands and retracement dots due to these being gimmicky and marginally useful. There may be a version 4 should a similar concept using a rate of change analysis turn out to be useful. I have also tried -in vain- to plot internal trend peaks as horizontal S/R levels. Please pm if you are willing to help in that respect.
Strategy: The indicator will display the trend as a red/green area. It measures the spread between the closing price and the SuperTrend line, much like a CCI (close and ma). When the area contracts warning bars of the opposite trend color will warn of a reversal. When this happens, these areas will either be defended, reviving the trend, or will break, causing a trend flip. SuperTrend is unique in that breaks are typically large candles, and that its levels, especially on Weekly, Daily, Hourly, Minute timeframes, these levels will be defended (think similar to a 200sma or a 21ema). The STO making new highs within (internal) a trend is an overextension sign.
CVX Example: This is not a full analysis of CVX's stock, just an example potential trades. On the posted chart I used a weekly and a daily STO.
Long 1:The weekly showed warnings and then flipped. The daily made a double bottom, showed warnings and then flipped the daily STO at trendline support.
Long 2:The weekly still shows an uptrend, the daily made a weak break to downtrend and reversed back upwards at trendline support, forming a double bottom. Note the conservative exit when the STO made an internal new high.
Long 3: looking forward on CVX stock, the current downtrend made a weak break and is showing sings of reversal (pin bar) at horizontal support. Go long on flip of the daily (conservative) or flip of the hourly (aggressive).
Romi Trend and Momentum Oscillator
Great oscillator which determines trend and momentum. So accurate it could be used as a stand alone indicator.
Moving Average Cross Alert, Multi-Timeframe (MTF) (by ChartArt)See when two moving averages cross. With the option to choose between four moving average calculations:
SMA = simple moving average
EMA = exponential moving average (default)
WMA = weighted moving average
Linear = linear regression
The moving averages can be plotted from different time-frames, like e.g. the weekly or 4 hour time-frame using HL2, HLC3 or OHLC4 as price source for the calculation. In addition there is a background color alert and arrows when the moving averages cross each other when the price also rises or falls. And the moving averages are colored depending on their trend direction (if they are trending up or down).
