Adaptive StochasticAdapt To The Right Situation
There are already some Adaptive Stochastic scripts out there, but i didn't see the concept of using different periods highest/lowest for their calculations. What we want
for such oscillator is to be active when price is trending and silent during range periods. Like that the information we will see will be clear and easy to use.
Switching between a long term highest/lowest during range periods and a short term highest/lowest during trending periods is what will create the adaptive stochastic.
The switching is made thanks to the Efficiency Ratio , the period of the efficiency ratio is determined by the length parameter.
The period of the highest and lowest will depend on the slow and fast parameters, if our efficiency ratio is close to one (trending market) then the indicator will use highest and lowest of period fast , making the indicator more reactive, if our efficiency ratio is low (ranging market) then the indicator will use highest and lowest of period slow , making the indicator less reactive.
The source of the indicator is a running line ( lsma ) of period slow-fast .
it is also possible to switch the parameters values, making the indicator reactive during ranging market and less reactive during trending ones.
Hope you enjoy
For any questions/demands feel free to pm me, i would be happy to help you
Smoothed
VelocityI was wondering how Jurik's Velocity works and after some time I created a little bit different Velocity.
What is this?
Everybody heard about the momentum indicator. The classic momentum shows the difference between the current price and the price N periods ago. How far in the past the comparison is made is up to the trader.
When the indicator reaches extremely high (low) values and then turns in the opposite direction it can be considered a sell (buy) signal. Sometimes it is better than waiting for the 0-line crossovers. Another way is to use the indicator to find out divergences with the price.
What's wrong with it?
The classical momentum indicator produces many misleading values and false signals due to its jagged nature. To remove noise and smooth out its line users apply the different moving averages. No matter how cool is your average - you always add a lag. And the lag will seriously decrease the performance of the momentum indicator.
All of this can be avoided using a special smoothing technique.
Settings
Period (default: 30 )
Price Source (default: hlc3 )
Peaks Highlighting (default: false )
Velocity with peaks highlighting
NOTE : This is not Bullish/Bearish Phases . Phases is a pure volume-based indicator and doesn't use the price to measure the dominance.
I attached some screenshots to show you how it works with other instruments so, you can compare it with Jurik' Velocity.
Good luck!
Karobein OscillatorDeveloped by Emily Karobein, the Karobein oscillator is an oscillator that aim to rescale smoothed values with more reactivity in a range of (0,1)
Calculation
The scaling method is similar to the one used in a kalman filter for the kalman gain.
We first average the up/downs x, those calculations are similar to the ones used for calculating the average gain/loss in the relative strength index.
a = ema(src < src ? x : 0,length)
b = ema(src > src ? x : 0,length)
where src is a exponential moving average of length period and x is src/src in the standard calculations, but anything else can be used as long as x > 0 .
Then we rescale the results.
c = x/(x + b)
d = 2*(x/(x + c*a)) - 1
How To Use
It is better to use centerline-cross/breakouts/signal line.
In general when we use something smooth as input in oscillators, breakouts are better than reversals, you can see this with the stochastic and rsi.
So a simple approach could be buying when crossing over 0.8 and selling when crossing under 0.2.
Here is the balance of a strategy using those conditions, length = 50 .
20 trades have been mades since the 29 oct we made 341 pips with eur/usd, of course this backtest was made during good trends period,
this result is not representative of how the strategy work with other conditions/markets.
For any questions/suggestions feel free to contact me
Squam's top shelfThis is a means to find the highest triple moving average input from an array of triple moving averages. The effect is to dampened the impact of price changes and look for a critical level to qualify a good or bad trades. If the price closes above a rising red line the odds probably favor a long. If the price closes below a declining red line the odds probably favor a short. There is another script that will cover the opposite priority for the highest triple moving average input from an array of triple moving averages.
-Squam
Squam's bottom rungThis is a means to find the lowest triple moving average input from an array of triple moving averages. The effect is to dampened the impact of price changes and look for a critical level to qualify a good or bad trades. If the price closes above a rising green line the odds probably favor a long. If the price close below a declining green line the odds probably favor a short. There is another script that will cover the opposite priority for the highest triple moving average input from an array of triple moving averages.
-Squam
Smoothed Chande Trend Score w/ Signal Line by Cryptorhythms🆓 Smoothed Chande Trend Score w/ Signal Line by Cryptorhythms
👀Did not see this one in the public library yet, so here you go! I added an ema signal line that you can configure the length on. Also dressed it up a little with OB/OS zones and some purdy colors.
Here are long + short charts:
👍Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Description written by Chande...
As you may have noticed, a number of rather complicated indicators are available to measure trend strength. None of these indicators, unfortunately, is perfect. You could use J. Welles Wilder's average directional index (ADX) as an indicator of trend strength, or perhaps the r² value from linear regression analysis. Or you could even use the vertical horizontal filter (VHF) to help determine whether the market is trending.
Each of these indicators requires the user to determine how many days' data should be used in the calculations. As you vary the indicator length or number of days used in the calculation, however, the result of the calculation changes also. Thus, there is no unambiguous answer. If the market were about to enter or leave a trading range, you could get a different indication of trend strength every day — a frustrating set of circumstances.
RATING THE TREND
Here is my way of rating a trend, a method I call trendscore.
Add up the score for 10 comparisons; the score varies from + 10 to -10. If today's close is greater than all the previous closes, then the trend's score is +10; if today's close is less than all the previous closes, the score is -10. You can smooth the data by adding fewer than 10 days or more than 10 days. A positive score shows an upward trend bias. Similarly, a negative score shows a downward bias. A shorter time of comparison may be too volatile, producing frequent trend change signals, while a longer comparison time is slow to respond. During long trends, the trendscore remains at the outer limits, +10 or -10, for the duration of the trend. In sideways markets, the score doesn't remain at +10 or -10 for long, oscillating between these limits.
How to Use this Indicator
You could trade the trendscore many ways. You could use the zero crossing as an early signal. You would then buy when the trendscore becomes positive and sell when it becomes negative. Or you could wait one to three days after the trendscore reaches +10 or -10 before buying (+ 10) or selling (-10) . Or you could combine the trendscore with a moving average, trading an upward or downward cross over.
Another variation would be to go long after the trendscore crosses from -10 to above +5 and go short after the trendscore falls from +10 to below 5. The approach you choose depends on your trading style. You could also smooth the trendscore with more or fewer days than I used in my calculations. You could, for example, use fewer than 10 days for short-term and 20 to 30 days for intermediate-term trading. You could also combine trendscore with other indicators of trend strength. For example, if you combined it with the VHF indicator, trendscore would provide an indication of direction, while the VHF could provide additional information about the trend's strength. You could also substitute intraday data in the trendscore method for short-term trading, using hourly data to calculate a trend's score instead of daily data. Trendscore is a simple way to rate trend strength. It indicates both the direction and strength of the trend and can be easily combined with various trend-following strategies.
MTF SROC v1 by JustUncleLDescription:
This study plots Smoothed Rate of Change (SROC) indicators for up to 4 different time frames. The indicator does not use higher time frame data, so will not re-paint. The SROC is a momentum indicator and can be used in ranging or trending markets, please refer to the reference for further details of how to use the indicators.
References:
www.incrediblecharts.com
ROC and SROC v1 by JustUncleLDescription:
This study plots a combination Rate of Change Indicator (ROC) and Smoothed Rate of Change (SROC) indicators.
The ROC and SROC are momentum indicators and can be used in ranging or trending markets, please refer to the references for further details of how to use the indicators.
References:
www.incrediblecharts.com
www.incrediblecharts.com
Smoothed CandlesIt is a graphical indicator used to identify trends and pullbacks. Through it, it is possible to eliminate the noises and clearly see the smoothed pattern.
How should I use it ? This is just a example to be used with this indicator.
Let's assume that we are looking for sell opportunities.
step 1: identify some (at least 3) positives (green) candles with a good volume, excluding consolidation regions.
step 2: wait for negative (red) candles with a good volume and also all previous candles must be by majority green.
step 3: wait for pullback with high volume or consolidation region to close the position.
FX:AUDUSD
The example can be better described in the image below:
FX:EURUSD
Another example os use, displayed in the image below:
FX:EURJPY
Look how makes it easy to identify tops and bottoms.
BITFINEX:BTCUSD
Very easy to indetify trends:
OANDA:GBPUSD
Very easy to indetify pullbacks:
FX_IDC:AUDGBP
It can be used with almost of pairs!
If you are interested in purchase, access the link below:
2450ca2f.ngrok.io
RSI Divergence Smoothed with Signal Line and Power ZonesThis Indicator plots Regular and Hidden Divergences lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change colour with direction or can be set as single colour
Colour Changing RSI helps when trading Multiple Timeframes as you can look for confluence in the direction of RSI
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
I have also added a Colour Changing Signal Line & Hima Reddy's Power Zones so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance
RSI Smoothie by tTJThis is a simple script that smooths out RSI lines. You can choose your own values to apply the default being 2. A median line of 50 has been added to easily spot RSI cross over.
FofT - 1h, 4h, and Daily RSI in any time intervalView multiple-timeframe RSIs in a single interval. All RSI lines stay the same no matter your preference to trade in 15m, 1h, 3h…. etc.
Default RSI length is 7 (can be changed in the format settings)
All RSIs are smoothed out in default (can be changed in the format settings)
Line colors
5m RSI - white (disabled in default)
15m RSI - Lime (disabled in default)
1h RSI - Yellow
4h RSI - Red
D RSI - Blue
Overbought and Oversold threshold colors
>70 (grey) - overbought
>80 (orange) - highly overbought
>90 (pink) - extremely overbought
=50 (black dotted lines) - equilibrium
<30 (grey) - oversold
<20 (orange) - highly oversold
<10 (pink) - extremely oversold
How to add to chart
* Click on "Add to Favorite scripts" in the bottom right
* While in chart view click on "/" button on your keyboard or click on the Indicators button on the top tool bar
* Go to Favorites Tab and click on this indicator
Other interval RSIs will be added based on request. Feel free to leave any questions or requests in the comment section below.
If you find this script useful, please like and share.
Heikin Ashi Smoothed (yasinipek) by KIVANC fr3762Heikin Ashi Smoothed Strategy
A trend trading forex system composed of the Smoothed Heiken Ashi candlestick indicator and moving averages. It works best on the 1 hour charts and higher time frames.
buy when blue line crosses above red
conversely sell when red line crosses above blue
Author: Yasin İpek @yasinipek83 on twitter / www.yasinipek.com & KıvanÇ @fr3762 on twitter (tweets are only in TURKISH)
Ehlers DSMA by Tim D.The Deviation-Scaled Moving Average from July 2018 TASC. "In “The Deviation-Scaled Moving Average” in this issue, author John Ehlers introduces a new adaptive moving average that has the ability to rapidly adapt to volatility in price movement. The author explains that due to its design, it has minimal lag yet is able to provide considerable smoothing."
Smoothed Rate of ChangeSmoothed Rate of Change indicator script.
This indicator was originally developed by Fred G. Schutzman.
Smoothened Williams A/D Strategy Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
WARNING:
- This script to change bars colors.
Ehlers-Smoothed Stochastic Oscillator [Krypt]This indicator is in principle similar to Stochastic Oscillator, but contains the following improvements:
- advanced Ehlers-based smoothing (typically results in earlier signals than regular EMA smoothing)
- graceful degradation when few candles present for improved accuracy in the beginning of the chart
- buy/sell signals based on K-D crossover above/below thresholds
Log Smoothed Moving AverageThis indicator has two features that make it better than standard SMMA for cryptocurrencies:
- starts from the very first candle
- calculations are performed in log-space which means less sensitivity to extreme volatility common in crypto world
Ehlers-Smoothed Stochastic RSI [Krypt]This script uses a regular Stochastic RSI formula and then runs Ehlers' Super Smoother on top of it. It also provides buy/sell signals on crossovers.
The script is inspired by LazyBear Ehlers-Smoothed Stochastic RSI with Roofing Filter, except I find that the Roofing filter (existing implementation) does not work well near extreme price changes, where a regular formula is preferable. The Ehlers Super Smoother however is excellent and seems to provide earlier signals in most cases than an EMA-EMA smoother. Combined, the super-smoother and regular Stochastic RSI formula provide very good results.
InverseFisherTransformAn inverse fisher transformation of a modified RSI plotted against a smoothed version of itself.
The general trading rules of this indicator are as follows:
1. if the histogram is > 0 and above the line and is green; buy
if the histogram is > 0 and is below the line (green or gray); sell buy position
2. if the histogram is < 0 and below the line and is red; sell
if the histogram is <0 and above the line (red or gray); buy-back sell position
B3 Stochastic FullA colorful take on the classic stochastic indicator, coded from scratch. Enjoy! :)
B3 Directional Trend IndexB3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse when it reaches mean, only to turn back around. You can see this in March and April of this silver futures daily chart. Makes for a great instrument on anything you consider trendy, like crude oil for example. The default user inputs are set to my liking, as I find them to be great on all charts and resolutions. You may read around to find more about this on the internet, or its mentioned in Krausz's work. Also, imprtant to remember when no trend, trend finders like this sufffer, so be wise as to what market condition you are in. Rangy and within Range = no, On the Move = yes.
