The Moving Average Colored is really easy to use, it just shows the actual trend, so you could buy when it turns to green or you can sell when it turns to red. It works better on the Forex Pairs EURUSD, USDJPY, USDCAD, EURJPY, GBPJPY, GBPUSD, GBPAUD, GBPNZD, GBPCAD, GBPCHF and XAUUSD.
Draws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are. Easily identify current price relative position to these key prices. I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close. Monthly: red line (MMMMM) Weekly: orange line (WWWWW) Daily: yellow...
This channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
Originates from: I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy. Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position. Conditions: Buy when price closed below...
Trend Friend V.1. -The Trend Friend indicator is tuned for 1 HOUR timeframe (BTC) only to capture the overall trend. -Signals are meant to be possible entries and profit taking opportunities -No strategy is 100% -Fib Band width can be adjusted for instrument and volatility ABOVE BASIS (Uptrend) Long signals = buy and hold bias Short signals = take...
This trading tool identifies when price is in a range and when the trend is established from. Exclusive for our members.
This script is based on a strategy that includes the following indicators: EMA at 100 periods; RSI at 14 periods; Parabolic SAR; For the signals to occur the requirements are: The price must cut the exponential moving average to 100 periods and close over; The next spark plug must be of the same direction as the one that cut the moving average; You...
Hi Traders, Bear vs Bull Trend indicator helps you to determine the trend direction easily. Using this indicator, you will not need to look for the cross-over anymore. You can simply choose your favorite Trend detection indicator from the properties (sma, wma, ema, linear). I usually use Linear trends. Disclaimer: All the information in this article, including...
This is a simple multi time frame (MTF) conversion of the Ichimoku Cloud Score indicator. All credit goes to the following users for the initial implementations: - User @dashed : - User @sjb933 : This script calculates the Cloud Score based on the sjb933 version; all I've done is convert the script to Pinescript version 3 (to ensure the security function...
T3 Moving Average indicator was originally developed by Tim Tillson in 1998/99. T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions. It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk...
@version=2 This indicator is designed to give early entry signals as well as to follow trend moves, according to different settings. The indicator shows a histogram of the RSI ro MFI in relation to an ema of the RSI or MFI. The histogram is then smoothed to give early reversal/entry signals. The actual RSI/MFI line with oversold/overbought indication can be...
How does this indicator works and what it is? It consist of 3 T3 moving averages. T3 moving average was developed by by Tim Tillson and is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. This indicator works on any stock, index, future or cryptocurrency. The ways...
This script allows to see the Supetrend of an higher timeframe (in the example above H4 vs Daily) Add it to you favorites. It is useful as: - Higher timeframe trend detector (eg. price below higher timeframe Supertrend -> bullish trend ) - Filter, in combinations with other techniques (eg. price below higher timeframe Supertrend -> only short) - Signal with...
This indicator simply colors bars when CCI ( commodity channel index ) is above 0 line (green bars) or below (red bars). Add it to you favorites . It is useful as: - Trend detector (eg. green bars -> bullish trend ) - Filter, in combinations with other techniques (eg. green bars, only long) - Signal: (eg. green bar -> buy long) If you find the work useful,...
This indicator gives a histogram of RSI in relation to an ema of the RSI. The histogram is then smoothed to reduce false signals. The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred. The background can be color coded if the RSI is above or below 50. Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to...
This oscillator is based on the williams%R combined with EMA's for better signals. it shows momentum and ob/os signals and indicates market cycles. you can switch between the two EMA's for more direct or filtered signals and smooth the %R if needed. i added 4 alertconditions to be triggered on crossovers of signal EMA and Filter EMA. please let me know in the...
"The Trend is your Friend" is a popular quote and Day-Traders, as well as long-term Investors, build their Strategies on top of this Mantra. Leverage this Principle by using AutoTrendTrader to ride the Trend and let your Profits run! Get Email-Alerts with your customized buy and sell signals, or use autoview to trigger and exit the trades. Features: ...