hereby, I present you one of my indicators which is a kind of artistic indicator.
It calculates different ranks of functions and based on them suggests a buy or sell order which is depicted on right-side separately.
+Length: Number of previous bars in calculation
+OVER BOUGHT RSI:...
HSV and HSL Gradient Tool Alternatives and helpers. Demo'd is built-in in the middle with HSL/HSV gradients on top/bottom
TODO: Solve for #000000 issue
RGB Color to HSV Values
_col : Color input (#abc012 or color.name or color.rgb(0,0,0,0))
rgbhsv(_r, _g, _b, _t)
RGB Color to HSV...
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
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
This script color codes the price bars based on the close-value position relative to a moving average ribbon. Rainbow colors used for simplicity and readability.
Use to study which colors are most likely to produce continuation vs. reversal.
**** MUST use bars, not Japanese candles! ****
Mini Line Chart show a small line chart beside the main chart. Detail of Mini Line chart as below:
1.Line chart adjustable:
- Size: number of bar to show as line chart
- Source: Open/ High/ Low/ Close/ HL2/ HLC3/ OHLC4
- Color ...
I've been interested in 'Multiple Moving Averages' lately and came across another script on here for a Rainbow MA.
Unfortunately its source is private and I wanted to try things out with other MA types so I put this together.
I also wanted to make it a seperate study so I could view regular bars without the clutter.
The general rule of thumb with these is the...
This is a simple script intended for use with Bitcoin only.
Inspired by Lyn Alden's 2 years SMA channels
I decided to make one for myself just for fun but ended up adding a few more lines of code
the bands show Fibonacci levels in and outside of the channels.
The base line uses a 730 day simple moving average.
Each zones can be considered as a general...
Rainbow Strategy Backtesting base on "Rainbow Moving Average" Strategy as below:
1.Rainbow Moving Average setup
- Source: source of 1st MA
- Type: SMA/EMA
- Period: period of 1st MA
- Displacement: period of 2nd MA to 7th MA with source is previous MA
- Up Trend: Main MA moving at the top of Rainbow
- Down Trend: Main MA moving at the bottom of...
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
This is a collection of multiple moving averages, where you can have a rainbow of moving averages with different types that can be defined by the user.
There are already other indicators in this rainbow style, however certain averages are absent in certain indicators and present in others,
needing the merge to have a more complete solution.
To Survive in Bear Markets or in Horizontal Markets;
EMA Rainbow ;
EMA Rainbow is a rainbow which is formed by multiplying the moving average by certain proportions and reflecting up and down on the ema200. According to the observations, dark green areas are strong buying areas, dark red areas are strong sales regions. Trading decisions can be made according to...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused.
The Rainbow Charts indicator is a technical analysis tool that follows trend. It helps traders to visualize a...