The Variable Power Weighted Moving Average was created by RedKTrader so make sure you follow them! This is a very handy indicator where you can change the weights of the weighted moving average yourself! For an easy guide here are common values to use to convert this indicator into other indicators: Power = 0 = Simple Moving Average Power = 0.5 = Square Root...
The Optimal Weighted Moving Average was created by Thomas Hutchinson and Peter G. Zhang, Ph.D. (Stocks & Commodities V. 11:12 (500-505)) and it is very similar to a classic weighted moving average but it uses the correlation between the input and the optimal weighted moving average output to use as the weights. Buy when the line turns green and sell when it turns...
The Squared Weighted Moving Average is similar to the classic Weighted Moving Average but the difference is that it squares the weights instead of the classic weight values. Buy if the indicator line is green and sell when it goes red. Let me know if you would like to see any more scripts from me or if you want something custom done!
The Square Root Weighted Moving Average is similar to the classic Weighted Moving Average but the difference is that it uses the square root of the weights instead of the classic weight values. Buy if the indicator line is green and sell when it goes red. Let me know if you would like to see any more scripts from me or if you want something custom done!
Moving Average Ribbon: ----------------------------------------------------------- A series of moving averages of different lengths to create a ribbon-like indicator. Traders can determine trend strength by the distance between the moving averages, the overall balance of the coloured lines and determine price points. Price movements through the ribbon can be...
This is work in progress - but i wanted to see if there's interest to use or test it - or if someone finds it useful. there's already a crowd of great moving averages out there :) This is a different type of zero-lag weighted moving average - and it's a concept that i have been working on for a while now. Given that this is WIP, i decided to keep the code...
In the previous Zero-Lag MA post, we introduced the "mirroring" technique and the associated calculation. In this post, we will see how we can use the same technique, with a slight variation, to evolve our zero lag moving average line, add more "smoothness" and still maintaining the low lag and fast response to data series changes. to use the "mirroring"...
Fresh off the press, we have a new breed of indicators: Bitcoin's Hash Rate & Price. As many of you have read, roughly 80% of BTC's price movements can be correlated to its changes in hash rate volume. I decided to make a stochastic indicator that utilizes this principle to track divergence of the price from the hash rate. Let's break this down... In red is the...
Hello traders This script is a Pinescript adaptation of this FXCM/LUA script Draws a flexible number of moving averages between 1 and 5 - with a end result looking like a rainbow Formula Each Moving Average is defined as a Moving Average of the previous MA The first MA is based on candle close MA = MA of Price MA = MA of MA .... MA = MA of MA ...
Description The Hull Moving Average (HMA) was developed by Alan Hull for the purpose of reducing lag, increasing responsiveness while at the same time eliminating noise. Its calculation is elaborate and makes use of the Weighted Moving Average (WMA). It uses two lagged hull moving averages at the intersection of which a change in trend is determined. Risk...
In this Indicator you will find Multiple Trend Lines like SMA , EMA, RMA, WMA and VWMA. And this Trend lines shows Daily, Weekly and Monthly Trend on any time frame chart. So, that you can get overall trend of the Stock.
Bitcoin Cycle Top Indicator on the 1W Bitcoin Logarithmic chart. Called all 3 tops so far to a T, this indicator will be great use for the next upcoming cycle. I kept it sweet and simple, no need to overcomplicate. That's all this indicator does.
Hi! That's my first strategy. I already learn pine, so i will work on it more. Now i search how to make trailing stop working. "WMA + MACD strategy with traiing stop" is very simple strategy which is designated for stocks market. It is created only to take long positions. Buy signal is when WMA(120) is below price and macd(10,20,10) histogram is higher than...
This version includes Simple, Exponential and Weighted Moving Averages.
Hi Traders, This is one of the most important indicators i have developed and I use it all the time and would like to share it with you. What is Average Price? Average price basically shows you the average of the price for the selected period. Let's say you are analysing in hourly chart and you want to know what is the monthly or weekly average price. This...
This is a multi time frame moving average script. It includes 7 moving averages. Most of them are SMAs and WMAs but EMA were also used. Time frame was set to 1 day. It means that you can change the time frame of your chart freely without losing your lines. Levels will not change. I wrote this script just to trade BTC. I prefer daily and weekly charts with this...
Plots 5 Weighted Moving Averages of 5 13 49 73 198 with source (High+Low+Close)/3 A Cross Appears when 13 WMA Crosses 49 WMA
Indicator calculates TMA from different TF and shows it on current.