Action Trend LineAction Trend Line is different of Moving Average between ema26 and ema260
My idea is, if ema26 drop to ema260 means downtrend
if ema26 increase or moving out of ema260 means uptrend
then writting a different line by 100 scale to be clear vision
at the bottom have plot sign up and down for each candle, it is status information
The chart show Action Trend Line, by 2 color and 2 sign at the bottom of chart.
If the line is growing up then color is green. you could know that is uptrend.
If the line is going down then color is red. you could know that is downtrend.
The triangle sign at the bottom of chart show trend folowing.
If previous and this line are uptrend, the triangle up and green color.
If previous and this line are downtrend, the triangle down and redcolor.
otherwise, the trend going to change it dosen't plot any sign, you cloud know warning the trend going to be change.
Must try and make you clearly understand.
Экспоненциальное скользящее среднее (EMA)
Ripster EMA CloudsEMA Cloud By Ripster
EMA Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Intraday & Swing Trading. This can be utilized effectively on 10 Min for day trading and 1Hr/Daily for Swings. Ripster himself utilizes various combinations of the 5-12, 34-50, 8-9, 20-21 EMA clouds but the possibilities are endless to find what works best for you.
“Ideally, 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high level price over or under 34-50 EMA clouds confirms either bullish or bearish bias on the price action for any timeframe” – Ripster
Customizable MA RibbonAll credits to @Violent (www.tradingview.com) for making the original code! I just updated it by adding new features and themes!
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Lemon's Customizable MA Ribbon:
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A series of moving averages of different lengths that create a ribbon-like indicator. Traders can determine trend strength by lookin at the distance between the moving averages and the overall balance of the colored lines. Price movements through the ribbon can also be used to identify trend changes.
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FEATURES
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MA TYPES: SMA , EMA , WMA, RMA, ALMA, VWMA, HMA
Editable length
Editable start
User defined number of plots to show (between 1 to 32 total plots)
Multiple color theme choices
A color smoothing option.
Thank you and happy trading!
with love,
-Lemon
SPY Ninja
SPY Ninja correlates the true strength index exponential moving averages of SPY and VIX together. In doing so we can determine the start of trend shifts via SPY / VIX convergence in addition to crossover, with potential market entries and exits represented by the LONG and SELL signals.
SMMA 50,100, and 200 have been added to chart due to the historic SPY market reactivity to these moving averages. They often act as natural support and resistance levels with SPY, and when coinciding LONG and SHORT signals appear touching any of these levels, it adds an extra layer of confidence for traders' decisions. Also, by highlighting the areas on our SPY chart (red background areas) that represent a VIX threshold higher than 25, we can bring attention to areas with potentially higher volatility immediately so that traders know to proceed with caution.
SPY Ninja works harmoniously with the SPY Ninja Oscillator; Ninja provides the signals highlighting risky VIX areas of concern, while the Ninja Oscillator adds an additional 3 levels of potential confirmation for your trade decisions.
MA Trend MonitorMA Trend Monitor base on 3 Moving Average to define and display trend status on all time frame.
1. Calculate
* Fast Moving Average apply to High Price and Low Price
* Slow Moving Average apply to Close Price
* Trend defined by rule below:
- Up trend when Moving Average of Low Price moving above Moving Average of Close Price
- Down trend when Moving Average of High Price moving below Moving Average of Close Price
- Sideway when Moving Average of Close Price moving between 2 Moving Average of High and Low Price
2. Interface
* Color:
- Up trend: green
- Down trend: red
- Sideway: gray
* Fast Moving Average
- Default period: 20
- Moving Average Type: EMA/SMA
* Slow Moving Average
- Default period: 70
- Moving Average Type: EMA/SMA
* Line Resolution
- Number of Line: 13 (from 1 minute to 1 Month)
- Resolution of each line adjustable or disable.
LedgerStatusToolbox fork3: EMA/SMA that stays on a specific timeMy (akd) radically cut down fork#3 of the "Ledger Status Toolbox"
which had included many more options that I don't need
but was missing the 4hourly, and hourly = which I added here
and yes, I kicked out the weekly. Hardly ever looking at that anyways. Shall I reintroduce it for fork4 ?
The huge advantage of this approach, over other SMA/EMA indicators:
It stays on the chosen (e.g. daily) data, and calculates the moving averages for that data. Even if you switch the chart to different time candles (like hours or weeks).
So whatever time resolution candles you look at, these indicator lines stay in the same place.
Thanks to krogsgard. Check out his "Ledger Status Toolbox" it also has Bollinger bands (but those are always on "current" I think?). A very powerful tool, just too powerful for most times for me newb. So I cut it down to this mini version. Enjoy!
Adam Khoo Moving AveragesThis indicator will plot the simple and exponential moving averages Adam Khoo is also looking at for buying opportunities.
The best timeframe to use this indicator is the daily chart . The weekly moving averages are hard coded and don't change on any other timeframe. The other moving averages will show the values of your current timeframe.
In the settings you have the option to change the values of the moving averages and to show or not show the current timeframe moving averages or the weekly moving averages.
A label will also show the current value of all moving averages. To hide this label, go into the settings and click on 'Style' and at the bottom uncheck 'Labels'.
Happy trading ;-)
ema exhaustion (exa)The exa is an oscillator that combines fisher transform with distance from moving average and it is based on a theory that exhaustion can be derived from how far price is able to extend from a moving average, on average.
The fisher transform converts price into a gaussian normal distribution, also known as a bell curve {1}. A normal distribution is a type of probability distribution for a real-valued random variable {2}. Applying this method to the price of an asset can help to identify probabilities, but it will never identify certainties.
‘exa’ is an abbreviation for ema exhaustion. It can be used to identify when price is probable to revert to the mean but I prefer using it to confirm entries that are signaled following a reversion to the mean (aka buying the dip in bull markets). When price gets oversold into support, in a bull trend, then that can provide a good opportunity to enter long. However that isn’t necessarily the case when the same metrics indicate oversold conditions in a bear trend. In this situation the exa is best suited for identifying profit taking opportunities on shorts.
The default settings are a 9 lookback period and a 50 ema. By default signals will be derived from how far price is from the 50 ema relative to the probable distribution of the last 9 periods. If the exa is above 2, or below -2, then the price is in the 80th percentile of the prior 9 candles. Being outside of 3, or -3, represents the 90th percentile and 4, or -4, represents the 95th percentile.
Those ranges will never indicate a necessity of reverting to the mean, but they will indicate a higher and higher probability. I prefer to use this oscillator in combination with an indicator(s) that identifies the trend. When the oscillator reaches -2 in a bull trend then it can confirm long entry signals, whereas if it reaches +2 in a bull trend then it can be used to confirm signals to take profit.
Crossovers are especially significant because they indicate a shift in the tide. When the exa reaches 2 without crossing over then it is very much in a position to move to 3 or 4+. When it crosses above 2 then it is an indication that price is extended from the mean and exhausted.
This is certainly not a situation that implies price will revert to the mean, it simply provides confirmation.
The default settings are what I have been finding most effective personally, however that is mostly a function of the trend following tools that I use. The same principles should apply with all settings and I would encourage users to experiment with various lookback periods and emas.
{1} www.investopedia.com
{2} en.wikipedia.org
MA Crossover Alerts for Small Quick Profits on 3commas/DCA botDear fellow 3commas users,
This is a the most basic Moving Average crossover technique generating Buy Alerts.
This is especially written for those of you who want to link this basic crossover strategy with your 3commas DCA bot .
Buy Alerts
Moving averages available:
- Simple Moving Average (SMA)
- Exponential Moving Average (EMA)
- Weighted Moving Average (WMA)
- Hull Moving Average (HullMA)
- Volume Weighted Moving Average (VMWA)
- Running Moving Average (RMA)
- Triple Exponential Moving Average (TEMA)
Recommended settings for using with 3commas DCA bot:
Interval:
3m to 15m
3commas bot setup:
- TP/TTP: 0.3%/0.1%,
- Base Order: Your choice ,
- Safety Order: 1.2 * Base order
- Safety Order Volume Scale: 1.2,
- Safety Order Step Scale: 1.5,
- Max Active Deals: Your choice ,
- Price Deviation to Open Safety Order (% from initial order): 0.2%,
- Max Safety Trades Count: 7,
- Simulatenous Deals per Same Pair: 3
> Create Alert with Buy Alert and link it to your bot "Message for deal start signal"
34ema trend channelFirst of all, thanks to the first designer of this indicator, I just made some modifications to this favorite indicator.Please forgive me for my limited English！
First of all, I would like to say that the modification of King EMA index has given me a new trading experience. Four moving averages can be used for indicators, but I only used two because I think two are enough. These two moving averages are 34ema's high and low, which form a trend channel. When this channel runs downward, it is short trend; when the channel runs upward, it is long trend; when the channel runs horizontally, it is shock trend.
In fact, let's explain the presentation of AUD chart on the left。
1sell is the beginning of the downward trend. When we see the beginning of the trend, the shape of the K-line is a 4-hour downward trend, so we need to observe whether there is a short opportunity when the price rebounds to 2sell. The second is 3Sell and 4sell. They all have one thing in common, that is, they all have one or two k-lines falling and breaking a new low. At this point, when we go to observe the moving average channel, we find that it has become a short trend.
When the card short trend, we need to do is to follow the market to trade. Sell at high prices. When the price does not reach a new low after 6sell, we should be alert because the low point is rising. When 1buy breaks through 6sell, the high point needs to pay attention to whether the trend has changed,
So how to confirm whether the trend has changed from short to long? We can see that when 2buy stepped back on the moving average channel, there was a buying reaction, which is a good confirmation signal. And 2buy-5buy are all low points rising. When 6buy appears, the price rises rapidly and becomes a bigger bull market. That's the power of trends. Specific operation I can explain in Chinese, foreign friends hope to be able to translate and understand.
Now let's talk about how to set indicators.
After opening the indicators, we can see that the first line to the fourth line is the display and hiding of the moving average. I only choose to check direction and dragging direction, which are the channel moving average. They are also the more useful moving average channels for large-scale trend trading.
Then comes the volatility zone, which is the choice of colors in the moving average channel. You can choose the color you like. So what I see in the chart is that I only checked the three options of direction lagging direction vvolatility zone, and set their colors.
首先我想说的是感谢这个指标最初的设计者提供了源码，我只是针对指标的修改，使我获得了一种新的交易体验。指标是可以使用4条均线的，但我其实只用了两条，因为我觉得两条就够用了。这两条均线就是34EMA的HIGH和LOW，这两条均线组成了一条趋势渠道，当这条通道向下运行时为空头趋势，当通道向上运行时为多头趋势，当通道横向运行时为震荡趋势。
其实，我们对于左侧AUD图表的演示作一个解释：
1SELL为下跌趋势的开始，当我们看到趋势开始时K线的形态是4小时的大阴线向下跌，所以我们需要观察价格在反弹到2SELL的时候是否有做空机会。其次是3SELL和4SELL 它们都有一个共同点，就是全部都是1根或两根K线就向下跌，并且破了新的低点。此时我们再去观察均线通道时，发现它已经成为了空头趋势。
当牌空头趋势时，我们需要做的就是跟随市场去交易。逢高卖出。而当6SELL之后价格没有创新低时，我们就应该产生警觉，因为低点在抬高，而当1BUY突破6SELL时，高点在抬高时就需要注意趋势是否已经转变，
那么如何确认趋势是否已经由空头转为多头呢？我们可以看到2BUY时回踩到均线通道时出现了买盘反应，这种反应就是比较好的确认信号。并且2buy-5buy都是低点在抬升，当出现6BUY时，价格又快速拉升成为一个更大的牛市。这就是趋势的威力。具体操作我可以用中文解释，国外的朋友希望可以翻译理解。
下面我们先来说一下指标如何设置。
打开指标之后我们可以看到第一行至第四行是均线的显示与隐藏，而我只选择勾选Direction和lagging direction 这两条就是通道均线，也是大级别趋势交易较为好用的均线通道。
然后就是Volatility zone这是对于均线通道内颜色的选择。这个大家可以随意选择自己喜欢的颜色。所以图表中看到的就是我只勾选了DIRECTION LAGGING DIRECTION VVOLATILITY ZONE这三个选择，并对其颜色进行了设置。
下面我用中文好好来说一下我对这指标的一些使用心得：
1，当通道表现为空头趋势时，只能选择逢高卖出。利用价格回到通道边缘或内部的时候进行买出，止损在通道上方。
2、当价格向上突破通道时，选择空头止损离场，然后等待多头的入场机会。
3、当价格突破下跌的通道时，价格回踩到通道上沿时选择止跌买入。预期后面的多头趋势，但上破通道有一个硬性的要求就是必须突破最近的下跌趋势拐点，形成更高的高点。
4、随着时间的演变，趋势从下跌演变成上涨时，并且低点在抬高，高点也在抬高时，为明显多头趋势，此时只适合逢低买入。
5、什么算低点呢？就是当价格跌到通道上沿或通道里面时可以选择买进。
6、如果价格向下跌破趋势通道但快速收回通道时不算有效跌破，因为必须两根同色K线收盘在下方时才算跌破趋势通道，否则我都认为是主力机构在制作空头陷阱。
所以当你看到一根PINBAR或者是刺透双K线时都算是假破位诱空。
然后是右图上方的XAU 4H错误示例，因为趋势下破了低点，但同时也上破了高点，所以趋势是不明显的，即使从图中可以看到是震荡下跌行情，但均线最怕的就是震荡行情，不管是震荡上升还是横向又或者是下跌，都是不灵的。
所以当大级别左侧为下跌行情时，不要被小级别的反弹趋势通道短期向上就觉得应该考虑做多，其实我们更应该顺势而为。
尽管做为后知后觉者，我们也能吃到趋势的中间部分，不会在场外看着不敢入场。
那么趋势通道做XAU真的就不行吗？答案不是的，只是因为你选择的周期不对，用均线做交易有一个诀窍就是图表周期总有一个适合通道的，如果4小时是震荡下跌，那小时就会更加明显，所以只有选择通道适合的周期才能事半功倍，而不是用通道去选择合适的行情。
当然，用均线通道去做单边的行情是最好不过，但不要忘记，行情走势有70%的时间都是震荡的，只有30%的时间是单边的。
所以如果我们把XAU切换成为小时级别的走势时，你会发现，趋势当通道处于空头排列时，逢高卖出并不是不可以。同是也能看到多空转换时的回踩动作，就比如AUD 4H 和XAU 1H图表在多空转换的时候都有异曲同工之妙，市场绝大多数多空转换的时候就是这样子的。
Triple EMA StrategyThis is my first ever script so any suggestions, recommendations or improvement ideas welcome!
This strategy is an implementation of a standard three exponential moving averages strategy (defaults: EMA1=5, EMA2=20 and EMA3=50 candles). Trades are executed if EMA1 crosses above/below EMA2 and they are both above/below EMA3. In addition, the close of the current candle must be above/below the previous one by at least the number of ticks you specify in the "buffer" parameter (default 150 ticks). This additional check eliminates many bad trades.
There is also a trailing stoploss which comes into play once the price has gone above/below its initial value which it then follows the price with to ensure the trade closes at the highest possible price.
I find this strategy works best on a 15 minute chart but feel free to play around and fine tune the various parameters. If you find a good setup that returns decent profits, I'd be keen to hear it!
Ultimate Multi-MACD - Early Warnings + Main TrendThis is a set of a bunch of moving averages. Unique, huh? Right. Awesome. Dope.
So, what's cool about this set, is its usability as not just one MACD, but a pair of MACDs specifically tuned to keep you hard. Some of you probably notice already just looking at the available MAs and lengths - there are some common pairs here. But what do you get when you combine all these common pairs that share bases? You get both short and long term plays out of it. The thing MACDs aren't supposed to do. I imagine it would be hard to make a backtestable/bottable script version of this, because the main thing is you have to use your gut a little bit in determing when to take a short term play and when to keep to the long term plays.
In this set, you get 3 TEMAs, 2 VWMAs, 2 SMAs, and 2 ALMAs. Yeah. That's almost TOO phat. I know. Whatever.
The two purple/pink lines are your 25 VWMA and 50 ALMA slow lines. These will be your main slow lines. They're usually close but move around a decent bit and if you want you could make buys and sales using the Alma crossing above the VWMA as a buy and sell crossing under.
Then you have a THIRD potential slow line on your dark green 50 TEMA. You generally use either the 13 or 21 TEMA crossing up as buy and down as sell. The signal TEMAs are bright green 13 and yellow 21.
Next you have all your Fast signal MAs! A peachy 10 VWMA, 13 green TEMA, 21 yellow TEMA, 10 teal/bright blue ALMA and last but not least, two pale SMAs at 5 and 10. The 5 could even be used as a signal against the 10 if you really want. There are countless options for buy and sell signals. Hide and show the ones that work the best on the chart you're trading on. Different ones will work different times. Why not see which ones are working BEST out of all the best ones, though?
Please leave other MA pairs that you would like added in future versions. If I do make a future version with more pairs I will very likely set default to hide some
Enjoy.
2 Periode RSI by WeakHandThe 2 Period RSI Trading Strategy was originally created by Larry Connors.
I only help to add the sell and buy signal
BUY Setup
1. Only buy in uptrend (price > ema200)
2. 2 Periode RSI <= 5
SELL Setup
1. Only buy in downtrend (price < ema200)
2. 2 periode RSI >= 95
Best use for TF 15++
Hope this will help you guys and happy trading
MA Multiplier with FibonacciThis implementation of the "2-Year MA Multiplier" gives you some control over the indicator, you can change the multiplier from it's default of 5, you can change the lookback from it's default of 730 days and I've also added three fibonacci traces between the moving average and it's multiple that you can play with. Oh and you can also choose the data source ('close' or 'hl2' make most sense).
The formula for this indicator was created by Philip Swift.
Thanks to @Pladizow for pointing me to this indicator.
Ultimate MA + MFIHey Folks, this is in indicator that generates buy and sell alerts using Ultimate Moving Average and Money Flow Index.
Buy Alerts
Multi Time Frame Moving Average trend reversal AND MFI < threshold
Sell Alerts
MFI crossing under overbought threshold
Recommended settings for 3commas
- Create Alert with Buy Alert and link it to "Message for deal start signal"
- Create Alert with Sell Alert and link it to "Message to close all deals at Market Price"
- Set Take Profit to 1.0% with trailing between 0.2% and 0.6%
- DO NOT USE STOP LOSS
Scalping using RSI 2 indicator with TSLThis strategy implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs ( EMA or SMA ) having different lengths (by default, I use 50 and 200).
A trailing stop loss (%) is used.
Entry conditions:
.) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long
.) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short
Exit conditions:
.) Long entry condition is true and (close >= TP or close <= TSL ) ----> close short position
.) Short entry condition is true and (close <= TP or close >= TSL ) ----> close long position
The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending.
Works best on 3h - 4h time frame.
There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal.
Note:
.) the RSI length is 2;
.) the oversold Threshold is 90%;
.) the overbought Threshold is 10%;
.) by default, the trailing stop loss per cent is 1%;
.) by default, the fast MA length is 50;
.) by default, the slow MA length is 200;
.) by default, the MA used is EMA.
Cheers.
Scalping using RSI 2 indicator with TP and TSLThis study implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs (EMA or SMA) having different lengths (by default, I use 50 and 200).
A take profit (%) and a trailing stop loss (%) are used.
Entry conditions:
.) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long
.) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short
Exit conditions:
.) Long entry condition is true and (close >= TP or close <= TSL) ----> close short position
.) Short entry condition is true and (close <= TP or close >= TSL) ----> close long position
The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending.
Works best on 3h - 4h time frame.
There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal.
Note:
.) the RSI length is 2;
.) the oversold Threshold is 90%;
.) the overbought Threshold is 10%;
.) by default, the take profit per cent is 0.5%;
.) by default, the trailing stop loss per cent is 0.5%;
.) by default, the fast MA length is 50;
.) by default, the slow MA length is 200;
.) by default, the MA used is EMA.
Cheers.
MTF RSI EMA snakesThis simple script plots 2 moving averages of RSI at 2 selected timeframes.
Setting each set of moving averages to a higher timeframe allows for monitoring of momentum at that time frame, and comparison of momentum across timeframes.
Crossovers of the respective averages of different time frames can be used as trade signals.
Having the leading average above the slower average on both timeframes can be an effective trend filter.
EMA Cross StrategyThis double EMA crossover strategy aims to illustrate a good strategy design.
It is currently the only published script that:
supports a proper date picker for the backtest period
is able to test in short and long mode only
EMA TrendThe purpose of this script is to identify price trends based on EMAs. The relative position of price to specific EMAs and the position of certain EMAs towards each other are used to determine the trend direction. The script is intended for investors as a tool to define a basis for further evaluation. I do not use the script as a signal generator and would not recommend doing so without the help of additional indicators.
How to work with the script
The major (or long term) trend direction is determined by the 144 EMA much in the same way as the 200 MA is used in other systems. If the price is above the 144 EMA we are in a long term uptrend, below we are in a long term downtrend. This is to be taken with a grain of salt though. The 144 EMA is considerably shorter than the 200 SMA and is more prone to the price fluctuating around it during periods without a strong long term trend. I recommend using this as a confirmation for the short term trend.
The short term trend is derived from the position and slope of the price, the 21 EMA and the 55 EMA. If the price is above the 21 EMA, the 21 above the 55 EMA, both EMAs are sloping upwards and the distance between the two is increasing, we are talking about an uptrend (and vice versa for a downtrend). This is visualized by the color of the fill between the 144 EMA and close price. Green for uptrend, red for downtrend and no color for an undetermined trend.
The EMAs used are: 21 , 34 , 55 , 89 , 144 , 233 . Most of the EMAs are at 50 transparency to appear less dominant. For orientation, the 144 EMA is bright green to indicate its general importance for the trend determination, and the 55 EMAs is not transparent mainly to be able to identify positioning when the EMAs are close together.
Base time frame EMA
The 144 EMA is plotted twice where one is fixed to the daily time frame (can be configured) to be able to have the 144 on different timeframes during analysis. I find this very useful to keep the focus on my main time frame while analyzing trend on lower or higher time frames. This can also be turned off.
Configurability
This script is less configurable than I generally like with my other scripts. The reason is that the title attribute of the plots is not dynamic, and I use the data window often to get exact values from the script to determine buy targets for pullbacks and other things. Hence, I prefer not to have random names (or no names) in there to save mental capacity. If this ever becomes available, I'll gladly add this to this script. Till then, I encourage you to take the script and adjust it to your own needs. It should be simple enough even if you are just starting out in pine.
Combined Momentum MA (Equal-Length EMA/SMA Crossover)Overview:
This momentum and trend-following strategy captures the majority of any trending move, and works well on high timeframes.
It uses an equal-period EMA and SMA crossover to detect trend acceleration/deceleration, since an EMA places a greater weight and significance on the most recent data.
To reduce noise and optimize entries, we combined this with an overall trend bias for further confluence.
How it works:
Signals are determined by the crossover of an EMA and SMA of the same length, e.g. EMA-50 and SMA-50.
The overall trend bias is determined using a slower SMA golden/death cross, e.g. SMA-50 and SMA-100.
The signal is stronger when it occurs in confluence with the overall trend bias, e.g. when EMA-50 crosses over SMA-50, while above the SMA-100. This is analogous to only opening long positions in a bull market.
Indicator description:
GREEN: Up Trend (EMA is above SMA, while EMA is above BIAS_MA. This shows a bullish confluence.)
YELLOW: No Trend (EMA/SMA crossover and BIAS_MA are not in confluence.)
RED = Down Trend (EMA is below SMA, while EMA is below BIAS_MA. This shows a bearish confluence.)
Equal-Length EMA/SMA Crossover Momentum StrategyOverview:
This momentum and trend-following strategy captures the majority of any trending move, and works well on high timeframes.
It uses an equal-period EMA and SMA crossover to detect trend acceleration/deceleration, since an EMA places a greater weight and significance on the most recent data.
This version is optimized for longs, and designed to cut your losses quickly and let your winners run.
To reduce noise and optimize entries, we combined this with an overall trend bias for further confluence.
How it works:
Signals are determined by the crossover of an EMA and SMA of the same length, e.g. EMA-50 and SMA-50.
The overall trend bias is determined using a slower SMA golden/death cross, e.g. SMA-50 and SMA-100.
The signal is stronger when it occurs in confluence with the overall trend bias, e.g. when EMA-50 crosses over SMA-50, while above the SMA-100. This is analogous to only opening long positions in a bull market.
Signal description:
Trend Buy: EMA crosses above SMA, and overall trend bias is bullish. Buying is in confluence with the overall trend bias.
Risky Buy: EMA crosses above SMA, and overall trend bias is bearish. Buying is early, more risky, and not in confluence with the overall trend bias.
Late Buy: SMA crosses above BIAS_SLOW. This gives further confirmation of bullish trend, but signal comes later.
Sell: EMA crosses under SMA.
Strategy entry and exit conditions:
This version enters a Long when "TREND BUY" is signalled.
This version has Sell/Shorts disabled because UP ONLY.
Long entry: Strategy enters Long when EMA is above SMA, while overall trend bias is bullish.
Long exit: Close long when EMA crosses under SMA.
Bjorgum EMAThis is an answer back to repeated requests for a simple version of Bjorgum Triple EMA Strat, which is not recommended for use with Heiken Ashi candles as it results in "double smoothing" of the averages and can give late signals as a result.
The inputs are raw and super basic. At its core its really just 3 EMAs that you can customize the source and length. The averages and shadowing change color based on if they are either rising or falling.
default values are 5, 9, and 21 EMA on open as source.
Bar color is dictated by the bar close over or under the 5 and 9 EMA.
This is suitable for use on HA candle.
