The Rejection Zone Indicator can be used to help trend following traders know when to buy dips in up trends, and when to sell pull backs in down trends. The Rejection Zone Indicator is made up of the 20 and 50 period Exponential Moving Averages. This indicator has colored shading in between these two EMAs, which acts as a nice visual. When the 20 period...
STD-Stepped Fast Cosine Transform Moving Average is an experimental moving average that uses Fast Cosine Transform to calculate a moving average. This indicator has standard deviation stepping in order to smooth the trend by weeding out low volatility movements. What is the Discrete Cosine Transform? A discrete cosine transform (DCT) expresses a finite...
This strategy works differently than others, it uses the IchimokuTenkan, Kijun, and Senkou periods to compute a general sense of market trend. Then I used the MACD fast, slow, and smooth with custom inputs to compute a optimum cross for finding macro bottoms and tops for any asset. This strategy doesn't trade on weekends and does not have a set TP (take profit)...
Do you like using moving averages? Why do you think a pair of moving averages on a chart will help you? What is the probability that once two moving averages have crossed, you will successfully enter the trade? So why not use 100+ moving averages at once to increase the probability of a successful trade? And all this can be seen in a single oscillator as a...
Synthetic EMA Momentum w/ DSL is a momentum indicator that is calculated with 5 different EMAs of increasing period to derive a final momentum value. This helps reduce noise and improve signal quality. Discontinued signal lines are uses to calculate signal values. What are DSL Discontinued Signal Line? A lot of indicators are using signal lines in order to...
Smoother Momentum MACD w/ DSL uses two different EMA calculations to derive momentum and then calculates the MACD between those momentum outputs. This indicator uses a variation of Discontinued Signal Lines for the breakout/breakdown/reversal signals . There are three different signal types: middle, levels, and slope. I've also added alerts and signals. The...
Multi Timeframe Exponential Moving Average Ribbon & Bands + Boillinger Bands I used the script "EMA Ribbon - low clutter, configurable " by adam24x, I made some color change and I added a few indicators (Boillinger Bands, EMA on multi timeframe and EMA bands from "34 EMA Bands " by VishvaP). The script can display various EMA from the chart's timeframe but...
Real-Fast Fourier Transform of Price w/ Linear Regression is a indicator that implements a Real-Fast Fourier Transform on Price and modifies the output by a measure of Linear Regression. The solid line is the Linear Regression Trend of the windowed data, The green/red line is the Real FFT of price. What is the Discrete Fourier Transform? In mathematics, the...
A hybrid but simple indicator that plots 4 strategies in one pane . 1) RSI Indicator 2) Stoch RSI 3) EMA50 Cross (To determine direction in current timeframe) 4) Higher Highs & Lower Lows to analyze the trend and break of trend The relative strength index (RSI) is a momentum indicator used in technical analysis. It is displayed as an oscillator (a line graph) on...
This indicator returns the percentage or count of prices greater than simple moving averages with periods in a user set range, as well as the moving average period that is the closest to price values. Settings Minimum Length: Minimum SMA period Maximum Length: Maximum SMA period Smooth: Control the degree of smoothness of the indicator outputs ...
This is a combination of all the price chart indicators I frequently switch between. It contains my day time highlighter (for day trading), multi-timeframe long-term trend indicator for current commodity in the bottom right, customizable trend EMA which also has multi-timeframe drawing capabilities, VWAP, customizable indicators with separate settings from the...
Hi everyone! CAUTION... This is only an indicator. Do not rely 100% on it. I made this indicator hoping to help everyone with this specific Pull Back Scalping Strategy. RULES: Time Chart of 5minuts LONG Condition - "EMA Red Line" below the "EMA Blue Line" and wait for a green long signal. SHORT Condition - "EMA Red Line" below the "EMA Blue Line" and wait for a...
This script is a trend following system which uses a long term Moving Average to spot the trend in combination with the Average True Range to filter out Fakeouts, limiting the overall drawdown. Default Settings and Calculation: - The trend is detected using the Exponential Moving Average on 200 periods. - The Average True Range is calculated on 10 periods. -...
Hello Traders! This is the source code for a simple EMA Cross indicator that can be chained to other indicators or another instance of itself as a filter. The code is fully commented to guide you in building your own chain of indicators based on your ideas and trading plans. All the best, Val - Protervus Trading
Indicator that shows buy/sell signals based on price action and volume as it relates to a double EMA. If the candle is above the double EMA, we look for candles with long wicks on the top indicating selling pressure. If the candle is below the double EMA , we look for candles with a long bottom wick indicating buying pressure. The user defined parameters are the...
Hey Guys, The idea of the script is that accumalation and small pumps do happen before the big ones, therefore, i tried to create a breakout indicator that can tell that: the script components are: 1- Price to consolidate within 15% range between the highest of 6 candles and lowest of 6 candles 2- Price needs to breakout with minimum of 1% and maximum of 20% 3-...
Fourier Extrapolation of Variety Moving Averages is a Fourier Extrapolation (forecasting) indicator that has for inputs 38 different types of moving averages along with 33 different types of sources for those moving averages. This is a forecasting indicator of the selected moving average of the selected price of the underlying ticker. This indicator will repaint,...
Hello traders, purpose of creating this indicator is simply trying to analyse the trend of any symbol. This indicator is a modification-version of three different indicators from different authors, brought together to create a fine-piece of trend-finder. This is combination of multi MAs to notice price action with different parameters and calculations. This...