This is to expand on a previous publication on Tillson's T3 and add a T4 signal.
For the filter f = (1+a)x-ax^2
T1 = f
T2 = f*f
T3 = f*f*f
T4 = f*f*f*f
The above plotted produces a ribbon set of moving averages.
Hello, this script was made upon the request of aliergin63, one of my followers.
I do not know exactly from whom it is quoted. (It may be author HighProfit.)
Long position when 8 dema is over 20 dema and 63 dema,
it opens a short position for the vice versa.
Alarms have been added.
%0.1 comission added.
Regards.
Note : DEMA = Double Exponential Moving Average
An almost impossibly smooth moving average that is convenient for any application where a moving average is needed and where noise reduction is more important than responsiveness to very recent data. You get to choose what the S stands for.
Built by taking a weighted difference between two EMA's in such a way that the contribution of the latest value is cancelled...
This indicator is exactly as it sounds, a smoothed triple EMA . In my personal use, it is applied to strategies to indicate direction of entries. A simple example would be if price is above the STEMA, look for long entries, if price is below the STEMA, look for short entries. Shortly, I will share a strategy that makes use of this indicator. You are welcome to...
The Double Exponential Moving Average (DEMA) indicator was introduced in January 1994 by Patrick G. Mulloy, in an article in the "Technical Analysis of Stocks & Commodities" magazine: "Smoothing Data with Faster Moving Averages"
It attempts to remove the inherent lag associated to Moving Averages by placing more weight on recent values. The name suggests this is...
EMA Cross basically is for someone who just need to spot as a guideline whether there are 'opportunity' to buy in or out. I had been using this for few years and it always helps for me at the stage of screening typically on Crypto space.
EMA is a lagging indicator, but we can do better by correcting it with its first and second derivative, which may be more theoretically sound than how DEMA and TEMA are trying to achieve the same.
Tema highlights bars based on the triple ema ( tema ) with two different length qualifiers.
The tema is believed to react quicker to price fluctuations than the simple moving average ( sma ), the exponential moving average ( ema ), and the double ema ( dema ). The shorter length tema crossing over the longer one is believed to indicate a bullish trend ahead,...
A Double Exponential Moving Average (DEMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the DEMA.
Similar to my "ATR Channels" indicator, but using a DEMA instead of an EMA for the base. In addition, this indicator also plots a fast DEMA as well as a fill between the two. Fully customizable, you can toggle both DEMAs,...
Nice Dema with TF function
design to help you to see trends better and to use it as a backbone for indicator that you choose with DEMA
can help you to see trend or filter bad signals
make the TF =to the graph timset or higher
The mTF is non repainting
This version is the same as DEMARSI with following differences
I add take profit to short and long when DEMA MTF 1 is crossing DEMA MTF 2 (they are calculated different that why when you increase int2 in min to longer time the difference between them increse)
if you want the TP to be on signal of fast and slow DEMA RSI 2 (just change the code inside) by putting...
This is little tricky indicator but you need to understand how its work in order to make it easy to understand
The black line is DEMA RSI hybrid which is made on the MTF length that is not repainting.
The green and red zones are also DEMA RSI that is calculated in different way (the cross between the fast and the slow moving create the color change and the signal....
![BTCUSD: Fibo Ribbon [xdecow]](https://s3.tradingview.com/d/DwhLhoAQ_mid.png "Fibo Ribbon [xdecow]")
