Jsa Moving Average [CC]The Jsa Moving Average was created by George R. Arrington, Ph .D. (Stocks & Commodities V. 11:10 (427-431)) and it is an extremely simple formula but has very many great uses. For one thing it acts as support and resistance levels and it also acts like a trailing stop. It gives a wide enough berth during extended up or down trends to let you ride the wave up or down and when it gets close to the price it means that it is a choppy market. Buy when the indicator line is green and sell when it turns red.
Let me know if you would like to see me publish other indicators or if you want something custom done!
Note: I'm republishing this because the original script couldn't be found in searches so this will fix that.
Trendfollowing
Xtreme TrendDisclaimer: This base Script is derived and tweaked from Half Trend. But unlike halftrend, it doesn't repaint and signals come at different logic.
Background:
I was using this script and trading with this for a while. Few weeks back I had come across a similar Script being sold as premium in Tradingview for $100 per month. The seller has a lots of videos in youtube and claims that he has created this script by investing lakhs and it also takes consideration of price action !!! . No doubt he is a successful trader but if you watch his other videos you will realize that he trades with S/R, trendlines and price action. He speaks quite well, and the morphed videos give impressions that all his profits are from using this indicator. I fell for it, but then after using for a few days I had realized that both the indicators are almost same, but giving signals at different time. When I edited my indicator for a few settings, it appeared that now signals are also coming exactly at same point. I never wanted to publish this script, but this person was going on and on fooling people. So, I have decided to publish it here, as a protected code. Again this is no holy grail. Works well in trending market and hell in sideways.
How to Use:
PLEASE WAIT TILL CANDLE CLOSE, take entry in the beginning of next candle. Time frame: 5 mins for index, 15 mins - 30 mins for stocks
Add 200 EMA over it ( Personally I love using 50 MA) and buy when signal and price both are on same side. Example, buy when there is buy signal + price is above 200 EMA
Sell: When price is below 200 EMA and there is a sell signal on the indicator.
Seems better when you mix it with pivots, S/R etc.
please comment, if you find this useful.
Candlestick Reversal SystemHello Traders,
In the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa, Four different types of reversal systems were introduced and candlestick patterns are used to find reversals. I will not write a lot about the book, you should get/read it for yourself. There are many great ideas in the book, Candlesetick Reversal System, Following Trend, Time Price Opportunity, Advanced Camarilla Concepts and much more.
Reversal systems mentioned in the book are :
- Wick Reversal System
- Exteme Reversal System
- Outside Reversal System
- Doji Reversal System
I tried to add these four reversal systems to the script. If you need detailed info you better read the book ;)
Enjoy!
Automatic Fibonacci Pivot Point S/R LevelsThis is a great tool to find confluences between Fibonacci Pivot point on various time frames.
Fib Pivots used
23.6%
38.2%
50%
61.8%
76.4%
100%
127.2%
141.4%
161.8%
200%
If price is between two levels on the update the lines shift
Yearly Pivots shown on 1m - Daily timeframes
PIvots recalculate on every day
Monthly pivots show on 1m - 60m timeframes
Pivots recalculate every hour
Weekly pivots show on 1m - 15m timeframes
Pivots recalculate every 30m
There is a lot of code but it got the job done.
It would easy to interchange if you prefer different types of pivots
It would be easy to add an on/off if you dont want so many levels on your smaller time frames
If anyone can streamline it please do
MomentumAccelerationOscillator (MAO)This new oscillator quantifies acceleration in momentum. There are a number of key features:
1. Values above zero signify an acceleration in buying momentum
2. Values below zero signify an acceleration in selling momentum
3. Green bars above the zero line signify increasing acceleration in buying momentum.
4. Red bars above the zero line signify decreasing acceleration in buying momentum.
5. Red bars below the zero line signify increasing acceleration in selling momentum.
6. Green bars below the zero line signify decreasing acceleration in selling momentum.
This oscillator can be used to build many trading systems. Here are two ideas:
1. Buy on crossover of the zero line (=acceleration in buying momentum). Exit on two consecutive red bars (=decreasing acceleration in buying momentum).
2. In existing up trend (MAO > 0), buy on colour change from grey to green (=increasing acceleration in buying momentum). Exit on two consecutive red bars (=decreasing acceleration in buying momentum).
Zaigi Trend ChannelThis channel is to be used in conjunction with a 200EMA to identify the overall trend and trade the breakouts of the channel
Pivot TrendHello Traders,
Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages.
How it works?
- it finds the Pivot Points, you can set the length as you want
- it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included
- it compares the current closing price with averages of Pivot Highs and Pivot Lows
- if both are positive or negative then trend changes
You have two options:
- Pivot Point Period => is the length that is used to find Pivot Points. means it checks left/right bars if it's Pivot Point (4 by default)
- Number of PP to check => is the number of Pivot Points that the script finds and calculates the averages (3 by default)
An Example with the settings Pivot Point Period = 5 and Number of PP to check = 2
Play with settings as you wish. Comments are welcome, together we can improve it ;)
Enjoy!
Trend Analysis IndicatorThe Trend Analysis Indicator was created by Adam White (Stocks & Commodities V. 10:8 (358-360)) and this is not to be confused with the Trend Analysis Index which was also created by Adam White. The stock is trending when it is above the signal and loses steam when it falls below the signal. Generally you should buy when it is above it's signal and sell when it goes below the signal.
Let me know if you would like me to write more scripts!
Stochastic based on Closing Prices - Identify and Rank TrendsStochClose is a trend indicator that can be used on its own to measure trend strength, in a scan to rank a group of securities according to trend strength or as part of a trend following strategy. Moreover, it acts as a volatility-adjusted trend indicator that puts securities on an equal footing.
StochClose measures the location of the current close relative to the close-only high-low range over a given period of time. In contrast to the traditional Stochastic Oscillator, this indicator only uses closing prices. Traditional Stochastic uses intraday highs and lows to calculate the range. The focus on closing prices reduces signal noise caused by intraday highs and lows, and filters out errant or irrationally exuberant price spikes.
Here are some examples when the high or low was out of proportion and suspect. Perhaps most famously, there were errant spike lows in dozens of ETFs in August 2015 (XLK, IJR, ITB). There were other spikes in VMBS (October 2014), IJR (October 2008) and KRE (May 2011). Elsewhere, there were suspicious spikes in IEI (April 2020), CHD (March 2020), CCRN (March 2020) and FNB (March 2020)
The preferred setting to identify medium and long-term uptrends is 125 days with 5 days smoothing. 125 days covers around six months. Thus, StochClose(125,5) is a 5-day SMA of the 125-day Stochastic based on closing prices. Smoothing with the 5-day SMA introduces a little lag, but reduces whipsaws and signal noise.
StochClose fluctuates between 0 and 100 with 50 as the midpoint. Values above 80 indicate that the current price is near the high end of the 125-day range, while values below 20 indicate that price is near the low end of the range. For signals, a move above 60 puts the indicator firmly in the top half of the range and points to an uptrend. A move below 40 puts the indicator firmly in the bottom half of the range and points to a downtrend.
StochClose values can also be ranked to separate the leaders from the laggards. In contrast to Rate-of-Change and Percentage Above/Below a Moving Average, StochClose acts as a volatility-adjusted indicator that can identify trend strength or weakness. The Consumer Staples SPDR is unlikely to win in a Rate-of-Change contest with the Technology SPDR. However, it is just as easy for the Consumer Staples SPDR to get in the top of its range as it is for the Technology SPDR. StochClose puts securities on an equal footing.
StochClose measures trend direction and trend strength with one number. The indicator value tells us immediately if the security is trending higher or lower. Furthermore, we can compare this value against the values for other securities. Securities with higher StochClose values are stronger than those with lower values.
Trend Direction Force IndexThis is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell.
This was a custom request so if you would like more then just send me a message!
Donchian Trend RibbonHello Traders,
I think you all know Donchian Channels. so I am not going to write about it.
With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trend color of the ribbon.
-
Warning: Entry points may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only.
Published by user request. You may want to see following one:
Enjoy!
Donchian TrendHello All,
I think all of you knows Donchian Channels . so I am not going to write about it.
With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trendline color. lighter trend line means stonger trend, darker trend lines means entry points or possible trend reversal.
- it puts entry points by using trend directions that were created by using lower lengths. it gets entry points if high/low touches main trend line as well.
Warning: Arrows are entry points but it may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only . I believe it can be improved, so I am open for new ideas to improve it ;)
Enjoy!
Trend Exhaustion IndicatorThe Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph.D. (Stocks & Commodities V. 9:1 (9-11))
This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the signal line and sell when it falls below the signal line.
Let me know if you would like to see me write any other scripts!
Uber Trend IndicatorThis is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0.
Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!
Demand OscillatorThe Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think.
Let me know if you would like to see me write any other scripts!
piphunter trend scoutThis indicator is designed to help enable you to understand a trends direction and how strong of a trend you are in it does this via a combination of measurements and the output is as a percentage going from 100% bullish to -100% bearish the purpose of this tool is to be able to quickly identify which direction trend you are in and also the current strength of the trend
this tool is part of the total pip hunter package and comes with and compliments the pip hunter momentum extreme indicator as it will allow you to take trades when this tool has identified the trend to be in the same direction as the momentum tool and has confirmed that there is momentum behind the move
pm me for more information and to get access to this script and the rest of the pip hunter scripts
Squeeze Momentum Strategy Signals [Bitduke]Description :
Signals based on transformed Momentum Indicator (leading indicator measuring a security's rate-of-change) with risk management system and ability and custom backtesting.
Usage:
Strategy flips long / short depending of indicator signals. There can be multiple signals of the same type, for example, 2 longs in a row, only the first of them must be taken into account.
Features :
Possible to change source: ohlc4, hl2 , hlc3, close
Enter your stop loss and take profit in %, NOT ticks
Working and robust even without take profit / stop loss
Yearly drawdown lower than 20%
Backtesting:
Backtested on BTCPERP ( FTX ).
It shows much better results on 1h timeframe (about 200% yearly, 55% in 2020) and relatively low drawdown to date.
Strategy doesn't repaint.
Squeeze Momentum Strategy SL TP v2Improved version of my Squeeze Momentum Strategy.
Changes:
Possible to change source: ohlc4, hl2, hlc3, close
Enter your stop loss and take profit in %, NOT ticks
Working and robust even without take profit / stop loss
Yearly drawdown lower than 20%
Backtesting
Backtested on BTCPERP (FTX). It shows much better results on 1h timeframe (about 200% yearly, 55% in 2020) and relatively low drawdown to date.
Initial Capital: $1000
Capital per trade: $1000
Including fee: 0.075% (buy + sell) side, type "taker"
Strategy doesn't repaint.
Shortly about Squeeze Momentum Indicator:
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
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To access : sign up on FTX using ref link from my signature.
Pivot Point SupertrendHello All,
There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more.
The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower bands by ATR. As you can see in the algorithm the script gives weigth to past pivot points, this is done for smoothing it a bit.
As I wrote above it may keep you in the trend more, lets see an example:
As an option the script can show main center line and I realized that when you are in a position, this line can be used as early exit points. (maybe half of the position size)
While using Pivot Points, I added support resistance lines by using Pivot Point, as an option the script can show S/R lines:
And also it can show Pivot Points:
When you changed Pivot Point Period you can see its reaction, in following example PP period is 4 (default value is 2). Smaller PP periods more sensitive trendlines.
Alerts added for Buy/Sell entries and Trend Reversals. (when you set alerts use the option " Once Per Bar Close ")
ENJOY!
EMA cloud# Description
- This script will help your cognition where trend is going. Of course, you can get the information market is trendless, or not.
# How to use
You can get 3 type of market direction.
1. up-trend
If the color filled between ema10 and ema200 is blue, the market is in a uptrend
2. down-trend
If the color filled between ema10 and ema200 is red, the market is in a downtrend.
3. boxed-range
If there are no color between ema10 and ema200, the market is in a boxed-range.
I hope this script help your trading. Wish you good luck.
MA-EMA Crossover LTJust a simple strategy based on dynamic zones by Allenster. Still a work in progress.
ScalpyScalpy is made up of a 2 main parts.
- The cloud comprising of a 10 period SMA and a 30 period SMA.
- When the cloud is green you should be looking for long entries.
- When the cloud is red you should be looking for short entries.
- Price is most bullish above a green cloud and most bearish below a red cloud.
- Being within the cloud indicates indecision.
The blue and white lines on the indicator show the relationship between price and momentum.
They can be used to spot reversals in two ways:
- The first is a divergence between price (blue line) and RSI (white line)
- If the price makes a lower low but the RSI makes a higher low this shows the trend is weakening and may be reversing soon (as can be seen by the two yellow lines on the chart).
The second is a simple crossover:
- When the white line crosses the blue line to the upside this signals a long entry.
- When the white line crosses the blue line to the downside this signals a short entry.
ViPro Trend v3.0This indicator is based on few combination of indicators as listed below:
a. volume indicator
b. ATR indicator (Supertrend)
Two signal will be shown in the chart i.e. cross sign as uptrend and circle sign as down trend.
How the indicator works?
a. It filters candles below 2 supertrend lines and shows the cross or circle sign as output
b. The volume filter also included where it filter the cross and circle sign based on the rise of the volume.
The trend factors and no of candles for volume can be adjusted in the user interface.
This indicator repaints, so long or short position should be based on the signal on second candle.
Please share your comments as message directly to me, thanks.
