LazyBear

EMA Wave Indicator [LazyBear]

This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars.

When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :)

Complete list of all my indicators:
https://docs.google.com/document/d/15AGC...


Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?
//
// @author LazyBear 
// List of all my indicators: 
// https://docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing
// 
study("EMA Wave Indicator [LazyBear]", shorttitle="EWI_LB")
alength=input(5, title="Wave A Length"), blength=input(25, title="Wave B Length"), clength=input(50, title="Wave C Length")
lengthMA=input(4, title="Wave SMA Length")
mse=input(false, title="Identify Spikes/Exhaustions")
cutoff = input(10, title="Cutoff")
ebc=input(false, title="Color Bars on Spikes/Exhaustions")
src=hlc3
ma(s,l) => ema(s,l)
wa=sma(src-ma(src, alength),lengthMA) 
wb=sma(src-ma(src, blength),lengthMA) 
wc=sma(src-ma(src, clength),lengthMA) 
wcf=(wb != 0) ? (wc/wb > cutoff) : false
wbf=(wa != 0) ? (wb/wa > cutoff) : false
plot(0, color=gray, title="ZeroLine")
plot(wc, color=maroon, style=histogram, linewidth=3, title="WaveC")
plot(mse and wcf?wc:na, color=fuchsia, style=histogram, linewidth=3, title="WaveC Spike")
plot(wb, color=blue, style=histogram, linewidth=3, title="WaveB")
plot(mse and wbf?wb:na, color=fuchsia, style=histogram, linewidth=3, title="WaveB Spike")
plot(wa, color=red, style=histogram, linewidth=3, title="WaveA")
barcolor(ebc?(wcf and wbf) ? #81F7F3 : (wcf or wbf) ? fuchsia : na : na)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Komentar

What is meant by the pink candles with blue border?
+97 Jawab
Joy_Bangla Cryptocontinuum
@Cryptocontinuum, Did you figure it out?
+9 Jawab
jammy1971 Cryptocontinuum
@Cryptocontinuum, It seems that it indicates sudden possible change upwards/downwards.
+6 Jawab
how does it work, i cant figure it out. is there any way i can find out more about it, thanks
+46 Jawab
@Gedeje, Same here
+1 Jawab
Most definitely. Was gonna write my own but may just customize with my own indicators too. Nice work.
+9 Jawab
so from what I understand, the different colors represent, from bright red to dark red, are the shorter time-frame moving averages to longer time-frame moving-averages. The pink bars represent sudden change upwards or downwards of the trend?
+7 Jawab
Hi,
Is it possible to show values in percentage of price?

Thanks
+5 Jawab
Nice Work...As Always....
+5 Jawab
LazyBear ChrisMoody
Thanks Chris.
+1 Jawab