Flying Dragon Trend Strategy can be used to indicate the trend on all timeframes by finetuning the input settings. The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the...
The Multi SMI Ergodic Oscillator (Multi SMIEO) indicator can be used to identify potential buy and sell signals based on the relationship between the TSI and EMA lines. The script is creating an indicator that plots multiple (3) sets of Time Series Indicator (TSI-Indicator) and Exponential Moving Average (EMA-Signal) lines as a single indicator. The TSI is a...
🎲 Overview 🎯 This BOS(Break Of Structure) indicator build based on different MA such as EMA/RMA/HMA, it's usually earlier than pivothigh() method when trend beginning, customer your BOS with 2 parameters now. 🎲 Indicator design logic 🎯 The logic is simple and code looks complex, I‘ll explain core logic but not code details. 1. use close-in EMA's...
Description: This indicator calculates the difference between price high's and low's, and fractions it by the close price. If it calculates the difference between a high and low or low and high is defined by whether the current close is higher than the previous close. It is then also rescaled to ensure the value is always appropriate compared to the last set...
What is it? This indicator will plot the RSI of BTC with a red or green background based on the top and bottom values which you can set. How to use it? For example, you want to trade only if the RSI of BTC is between 50 and 70, so the top value is 70 and bottom is 50. If the RSI value between those values the background will be green, else it will be red. ...
Hello, folks. Sorry for not posting anything for a long time, just busy with my university studies for the moment. Quick script for today — Smooth Step. You can search for it in Wikipedia, but saying shortly and informatively, this is just an advanced type of oscillator, used as momentum indicator. In the codes across the Internet everybody uses the 3rd order...
The Pine Script strategy that plots pivot points and trend lines on a chart. The strategy allows the user to specify the period for calculating pivot points and the number of pivot points to be used for generating trend lines. The user can also specify different colors for the up and down trend lines. The script starts by defining the input parameters for the...
I created this indicator to tell me when it's time to trade (going long) and when it's time to wait (or going short). You can enter up to 13 ticker (default is S&P500 and key market segments). For each ticker, fibonacci levels are calculated and represented either in 5 color or 3 color mode as single lines. (Thanks to eykpunter for the fibonacci level...
Open Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open. It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using...
The indicator calculates a fast price filter based on the closing price of the underlying asset. Overall, it is intended to provide a fast, reliable way to detect trend direction and confirm trend strength, using statistical measures of price movements. The algorithm was adapted from Marcus Schmidberger's (2018) article "High Frequency Trading with the MSCI World...
Brief: This oscillator style indicator takes another indicator as its source and measures the change over time (the slope). It then isolates the positive slope values from the negative slope values to determine a 'normal' slope value for each. ** A 'normal' value of 1.0 is determined by the average slope plus the standard deviation of that slope. The Scale...
=== Musashi-Fractal-Dimension === This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory. To take full advantage of this indicator, you need to incorporate some principles and concepts: - Traditional Technical Analysis is linear and Euclidean, which makes very...
There are several Linear Regression indicator in the Public Library, but I don't think there is one that converts the Linear Regression (LR) curve into angle in degrees, relative to a set reference frame. Due to the large price range between tickers, creating this indicator isn't as straight forward as I originally thought. For example, given the same time period,...
MAGIC MACD ( MACD Indicator with Trend Filter and EMA Crossover confirmation and Momentum). This MACD uses Default Trading view MACD from Technical indicators library and adding a second MACD along with 3 EMA's to detect Trend and confirm MACD Signal. Eliminates usage of 3different indicators (Default MACD , MACD-2,EMA5, EMA20, EMA50) Basic IDEA. Idea is to...
Coefficient of variation (“COV”) is a statistical measure used to describe the variability of values within a data set, it’s calculated by taking the standard deviation divided by the mean. Traditionally, COV is applied to the expected returns of competing investment portfolios. A risk adverse investor prefers to accept a portfolio with a relatively lower COV...
IMMEDIATE TREND - VULNERABLE_HUMAN_X This indicator is used to identify the immediate trend in the market. When a Short Term High (STH) is engulfed and closed above, we consider that as a bullish trend. And Similarly, when a Short Term Low (STL) is engulfed and closed below, we consider that as a bullish trend. STH - A candle that is higher than the one...
Long/short strategy that identifies extreme readings on the rsi as a *momentum signal*, unlike most RSI strategies the script will look to buy or sell the first pullback in the direction of the extreme RSI reading. Enters positions on the first pullback to the 5ema(low)/ 5ema(high) and exits at rolling 12 bar high/ low. The rolling high/ low feature means that if...
This indicator is a trend filter based on fibonacci retracement levels How to read: - There are three filled zones --> red, yellow and green - If the price is inside of red zone, there is a downtrend on the market - If the price is inside the yellow zone, there is a sideways trend on the market - If the price is inside the green zone, there is a uptrend on the...