SBS AlgoHello traders, I am here again with a new and improved indicator.
This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals.
NOTE: This indicator is not designed to take entries completely based on signals it gives. Please use it along with your trading strategy to add more confluence to your trading system and maximize your profits.
I hope you guys will like this one too .Enjoy 👍
In case you find any bug, please do report in comment section .Thank you.
EMAS
BankNifty ScriptsBank Nifty Script
Indicator provides Daily, Hourly and Weekly EMA's Exponential Moving Averages for different scripts of Bank Nifty Composition. You'll have CMP and % change along with cRSI.
Credit to RozaniGhani-RG for cRSI code.
Default length is 50 you can change as per your choice.
Table display can be set Vertically top, right, bottom and horizontally left, centre, right.
cRSI if above > 70 the label will change to Focus on Sell and less than < 30 label will show Focus on Buy
Basically created this script for my personal use to see in one shot what's happening in Bank Nifty Composition individual scripts.
Hope it helps.
Chervolinos Ultrafast RMTA MACDDescription of a classic MACD:
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. The MACD indicator (or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price. These three series are: the MACD series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two. The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series. The average series is an EMA of the MACD series itself. The MACD indicator thus depends on three time parameters, namely the time constants of the three EMAs. The notation "MACD" usually denotes the indicator where the MACD series is the difference of EMAs with characteristic times a and b, and the average series is an EMA of the MACD series with characteristic time c. These parameters are usually measured in days. The most commonly used values are 12, 26, and 9 days, that is, MACD. As true with most of the technical indicators, MACD also finds its period settings from the old days when technical analysis used to be mainly based on the daily charts. The reason was the lack of the modern trading platforms which show the changing prices every moment. As the working week used to be 6-days, the period settings of represent 2 weeks, 1 month and one and a half week. Now when the trading weeks have only 5 days, possibilities of changing the period settings cannot be overruled. However, it is always better to stick to the period settings which are used by the majority of traders as the buying and selling decisions based on the standard settings further push the prices in that direction.
Description of the new Ultrafast RMTA MACD:
Ultrafast RMTA MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Chervolino. It is designed to reveal changes in the strength,
direction, momentum, and duration of a trend in a stock's price. The RMTA MACD indicator (or "oscillator") is a collection of three time series calculated from historical price data, from the closing price.
The RMTA MACD based on the THE RECURSIVE MOVING TRENDLINE SYSTEM technical.traders.com
and is series is the difference between a "fast" (short period) Recursive Moving Trend Average, and a "slow" (longer period) Recursive Moving Trend Average of the price series. The average series is an EMA of the MACD series itself.
The result is a non laging indicator, depends on the settings.
special thanks to
everget
LonesomeTheBlue
RSI + GDAX EMA ConfluencerHighly customizable RSI + GDAX EMA tool to help you quickly spot levels of confluence
- Displays current RSI levels as a plot
- Displays current 12 + 26 EMA as a plot
- 7 customizable time frames
- Each time frame marks RSI oversold, RSI overbought, 12 EMA, and 26 EMA as a line with label
- Each time frame RSI and EMA have options to toggle visibility and oversold/overbought only so you can choose exactly what you want to see
Planned for future release:
- Further customization for lines (color, size, direction, etc)
- Further customization for labels (location, offset, color, size, etc)
- Highlighting areas of confluence (if 2-3+ lines are within a certain % of each other)
Bollinger + MMA + EMA + Zones ImportantesIndicator for trading volatility.
It includes many options such as:
- up to 3 customizable bollinger bands
- the famous magic bollinger band (only in UT 5min) (I will work on this option to make it even more perfectible)
- up to 5 customizable moving averages (with the possibility of putting a colored backround during crossings)
- up to 3 customizable exponential moving averages.
This indicator, associated with my indicator "MACD ZERO RETARD + ZONES IMPORTANTE" will allow you to draw your attention to areas of interest and thus work on your positions. Works on intraday, medium and long term (to be determined if it also works for scalping).
Pranoyama MA/RSI toolEng: The indicator highlights the overbought and oversold RSI levels on the bars. Also draws two moving averages: sma or ema. The RSI levels, the type of moving averages and their period are set by the user.
Rus: Индикатор подсвечивает на барах уровни перекупленности и перепроданности по RSI, а так же рисует две скользящие средние на выбор: sma или ema. Уровни RSI, тип скользящих средних и их период устанавливаются пользователем.
p.s. Это адаптация ранее опубликованного мной индикатора
TradingCube : Moving Average : Data tablePlots moving average both EMA as well as SMA on Multiple timeframes at once in a Tabular Format
for rapid indication of momentum shift as well as slower-moving confirmations.
Displays EMA/SMA 5 8, 13, 21,34,55,89,100,200,400 by default as well as provide the users the flexibility to choose the timeframe as per their set up.
Three Legged Goose FuturesThree-Legged Goose is an all-in-one intraday trading system.
Three-Legged Goose Futures is the same system as our "Three-Legged Goose" indicator, simply optimized for futures trading by working across all futures market sessions.
Three-Legged Goose Futures ONLY works on futures charts, please use our original Three-Legged Goose for equities.
It features a sleek and customizable Opening range overlay with infinitely generating price targets, Average Daily Range Zones, Curated Anchored VWAPs, Total Volume and ATR analysis, as well as our state of the art Market Momentum Trend detection.
Three-Legged Goose also has important Daily levels, including the Previous Day's High and Low and the Current Days Open, three fully customizable Exponential Moving Averages, a customizable ema cloud, and a toggleable standard vwap .
Three-Legged Goose Futures also includes overnight highs and lows as well as previous New York Session highs and lows.
Using this indicator allows you to get rid of any unnecessary indicators that are taking up those valuable slots in TradingView.
AVWAP + ORBS:
The Opening Range Breakout system builds off of our recommended 15min opening range and does all of your price target calculations based on the width of the opening range. These targets are fully customizable within the settings,
to allow fine-tuning from ticker to ticker. We have programmed three Anchored vwaps at different time intervals to act as a dynamic trend-finding instrument. These, along with the opening range breakout system, can help you quickly spot the day's trend and dynamic support and resistance long before your standard moving averages have caught up with price intraday.
Average Daily Range Zones:
We believe these zones to be essential to trading, especially with our system. These zones tend to act as areas of major support and resistance as well as give an idea of the projected volatility of the underlying.
Market Momentum Trend Detection:
We paint our momentum analysis directly on your candles. By taking the overall Market Internals + the underlying's Price movement, we can determine areas where we feel comfortable adding risk on or taking risk off.
This will help those that struggle at identifying trends and valid reversals.
All of the default settings are our recommended settings.
Please check the Author Instructions Below for how to gain access to our indicators.
Tripple EMA Strategy - Dhan HQDear Traders,
Here with presenting the new Indicator (Strategy) which is primarily built based on the the EMA moving Average and Candlestick Pattern.
Idea behind this Indicator: I am sure every trader would have traded using Moving average one day or the other. And Moving average is theoretically they are Lagging and the EMA are used in place of Moving average just to avoid a bit of Lag to take advantage of those accuracy while avoiding the Lag. In order to be successful in trading Money Management and Risk Management is very much crucial and should be part of every trade we place.
What this indicator is providing:
Based on the EMA and candlestick patterns and using the inputs provided for RISK and Money Management options, Indicator continuously scans for trading opportunities and provides alerts for possible trades. I have tried to capture some analytical inputs for one to think and take control over the Reward, Risk and Money management parameters to tweak the indicator accordingly.
Below are the Analytical outputs provided:
1. Total Trades taken (History till present) and its profitability % & appx PNL
2. Current Dates & Yesterday's Trades along with its appx PNL
3. Long Trades performance vs Short Trades performance
4. Retrieve PNL values post specified Date in the Input settings.
5. Last 7 Days PNL
6. Month's PNL
Note: There is known BUG in the calculation where the first date of the month for Monthly PNL value is a trading Holiday then Monthly PNL is being displayed as 0. similarly this Bug is flowed for Last 7 Days PNL. This will be addressed in upcoming version along with planned release.
Alerts & Notifications:
There are basically 2 types of Alerts provided one with General Notification and Other with Dhan HQ notifications to support Algo Trades for Dhan HQ Baskets.
Overview for Dhan HQ Trade Alerts:
1. When the Day Beginning (At Session Start) Hedge Position can be placed and shall be squared off post Closing the session
2. During the course of the Day Buy & Sell Baskets shall be executed
3. Can map the Trade Level SL values
4. Can map Daily Limit for SL to avoid excessive Loss. Upon Loss you could stop trades for the complete day or you may restart the trade post completion of X no of hours.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
EMA scalping - PapamallisEma of highs and low and macd.
Can be used as
*macd filter
*breakout
*range market filter
3EMATiranga3 EMAs 48 High, 48 Low and 10 Close
Trade can be taken when purple line crosses the high (green)
Market GloryV1 -Introducing the new Market Glory indicator! In this indicator you will find:
- Dynamic Trends: a beta feature that takes into account both the maximum high and lowest low values anywhere between 5 to 200 bars back to determine the respective resistance and support levels at all times, with a trailing guidance middle bar that can serve as a meter for direction and takes into account only the close values of the defined 5-200 lookback bars! ( ***Strictly based on the 1 minute timeframe. )
- Engulfing bars: a beta feature that allows you to seek out potential reversal bars, based on the dema tema clouds and the respective bar's open and close!!
- Cycle bars: a Market Sniper classic feature, enabling you to catch momentum, consolidation, and continuation via hollow candles! This is achieved by detecting whether the open and close values stem from within the dema tema cloud's boundaries!
- Levels: also a Market Sniper classic, which lets you see support and resistance levels based on previous daily, weekly, and monthly opening and closing values! Also takes into account current closing price action, which will update the levels after being broken!! Furthermore, takes into account fibonacci steps (0.236, 0.382, and 0.5) per timeframe to determine where the nearest level will draw out. **The Calibration feature enables you to look ahead for potential upcoming resistances, with maximum precision.
- EMA crossings: A legacy feature in almost any popular indicator, as a means to correspond with the dema tema cycles for better entries and exits!!
- Multi-timeframe popup labels: By hovering (or long pressing in mobile) over the support and resistance level labels, you can see each dedicated timeframe's current cycle and crossing, to assess whether the stock is following a particular direction! (based solely on real-time close value)
- Lastly...
--- Fully customizable options in coloring and values, including ready-to-go defaults with tooltips to guide you to the Glory you deserve!!!
TT Multibands MTFThis Multi Moving Average Indicator is for a long list of Moving Averages:
- Simple Moving Average (SMA)
- Exponential Moving Average (EMA)
- Weighted Moving Average (WMA)
- Hull Moving Average (HMA)
- Double Exponential Moving Average (DEMA)
- Triple Exponential Moving Average (TEMA)
- Volume Weighted Moving Average (VWMA)
- Kaufman's Adaptive Moving Average (KAMA)
- Relative Moving Average (RMA)
- Arnaud Legoux’s Moving Average (ALMA)
Advantages:
- Auto Plotting the Lable: < TIMEFRAME + BAND TYPE + LENGTH >
- Multi TimeFrame (MTF)
- Usable with Custom Time Frames: You can choose any Time Frame out of your Custom Time Frame List
- "No Repainting"
- "No Gaps" on lower Chart Time Frames (HD, no "Stairs")
"No Repainting" and "No Gaps" TRUE
"No Gaps" FALSE
Ultimate IndicatorThis is a combination of all the price chart indicators I frequently switch between. It contains my day time highlighter (for day trading), multi-timeframe long-term trend indicator for current commodity in the bottom right, customizable trend EMA which also has multi-timeframe drawing capabilities, VWAP, customizable indicators with separate settings from the trend indicator including: EMA, HL2 over time, Donchian Channels, Keltner Channels, Bollinger Bands, and Super Trend. The settings for these are right below the trend settings and can have their length and multiplier adjusted. All of those also have multi-timeframe capabilities separate from the trend multi-time settings.
The Day Trade Highlight option will draw faint yellow between 9:15-9:25, red between 9:25-9:45, yellow between 9:45-10:05. There will be one white background at 9:30am to show the opening of the market. while the market is open there will be a very faint blue background. For the end of the day there will be yellow between 15:45-15:50, red between 15:50-16:00, and yellow between 16:00-16:05. During the night hours, there is no coloring. The purpose of this highlight is to show the opening / closing times of the market and the hot times for large moves.
The indicators can also be colored in the following ways:
1. Simple = Makes all colors for the indicator Gray
2. Trend = Will use the Donchian Channels to get the short-trend direction and by default will color the short-term direction as Blue or Red. Unless using Super Trend, the Donchian Channel is used to find short-term trend direction.
3. Trend Adv = Will use the Donchian Channels to get the short-trend direction and by default will color the short-term direction as Blue or Red. Unless using Super Trend, the Donchian Channel is used to find short-term trend direction. If there is a short-term up-trend during a long-term down-trend, the Blue will become Navy. If short-term down-trend during long-term up-trend, the Red will be Brown.
4. Squeeze = Compares the Bollinger Bands width to the Keltner Channels width and will color based on relative squeeze of the market: Teal = no squeeze. Yellow = little squeeze. Red = decent squeeze. White = huge squeeze. if you do not understand this one, try drawing the Bollinger Bands while using the Squeeze color option and it should become more apparent how this works. I also recommend leaving the length and multiplier to the default 20 and 2 if using this setting and only changing the timeframe to get longer/shorter lengths as I've seen that changing the length or multiplier can more or less make it not work at all.
Along with the indicator settings are options to draw lines/labels/fills for the indicator. I enjoy having only fills for a cleaner look.
The Labels option will show Buy/Sell signals when the short-term trend flips to agree with the long-term trend.
The Trend Bars option will do the same as the Labels option but instead will color the bars white when a Buy/Sell option is given.
The Range Bars option shows will color a bar white when the Close of a candle is outside of a respective ranging indicator option (Bollinger or Keltner).
The Trend Bars will draw white candles no matter which indicator selection you make (even "Off"). However, Range Bars will only draw white when either Bollinger or Keltner are selected.
The Donchian Channels and Super Trend are trending indicators and should be used during trending markets. I like to use the MACD in conjunction with these indicators for possibly earlier entries.
The Bollinger Bands and Keltner Channel are ranging indicators and should be used during ranging markets. I like to use the RSI in conjunction with these indicators and will use 60/40 for overbought and oversold areas rather than 70/30. During a range, I wait for an overbought or oversold indication and will buy/sell when it crosses back into the middle area and close my position when it touches the opposite band.
I have a MACD/RSI combination indicator if you'd like that as well :D
As always, trade at your own risk. This is not some secret indicator that will 100% win. As always, the trades you see in the picture use a 1:1.5 or 1:2 risk to reward ratio, for today (August 8, 2022) it won 5/6 times with one trade still open at the end of the day. Manage your account correctly and you'll win in the long term. Hit me up with any questions or suggestions. Happy Trading!
EMAs DistancesThis indicator shows 4 configurable EMAs and the distances (values and percentages) to the last price of the stock, etf or index.
TrapLightTrap Light is built off the stochastic RSI to provide convenience and make your entries while scalping either long/short more straightforward.
Notes/Disclaimer:
This indicator is not guaranteed to work every time. Use it at your own discretion and perform your own due diligence. None of this is financial advice.
The main idea behind this is that when the stochastic RSI reaches such extremes that it often moves in a favorable direction.
K = momentum or the blue line of the stochastic RSI indicator.
Perks:
Don't have to look away from candlesticks and measure stochastic RSI's K level.
Simple visual indication of what to do.
Don't have to stare at your chart all day waiting for things to get exciting.
How to Use:
(Above the current candlestick on any timeframe)
1. When K is greater than or equal to 99.5, it shows a sell signal. This is to indicate a short entry.
2. When K is less than or equal to 0.5, it shows a buy signal. This is to indicate a long entry.
3. If neither the conditions for a short/long entry are present, it shows a circle that is like a traffic light.
Red Light: When K is between 99.5 and 95, a red circle is shown to indicate that a short entry may be available soon.
Yellow Light: When K is between 95 and 5, a yellow circle is shown to indicate that neither a long nor short entry may be available soon.
Green Light: When K is between 5 and 0.5, a green circle is shown to indicate that a long entry may be available soon.
Alerts:
Set an alert on the ticker you trade to notify you when either the green or red light is present so that you have time to prepare to make an entry either long/short.
The Code:
The PineScript is open-source and annotated to explain different parts of the script for ease of understanding.
@Credit to Kingson1 for this strategy and his feedback on its creation/implementation.
Hull Weighted Exponential Moving AverageBINANCE:BTCUSDT
Open source version of the Hull Weighted Exponential Moving Average as described by Vincent Charles in [ Hull-WEMA: A Novel Zero-Lag Approach in the Moving Average Family ]
█ OVERVIEW
The study takes into considerations two variants of MA.
Namely:
Weighted Exponential Moving Average (WEMA)
Hull Moving Average (HMA)
WEMA, which was introduced in 2013, has been widely used in different scenarios but still suffers from lags.
To address this shortcoming, a novel zero-lag Hull-WEMA method is proposed that combines HMA and WEMA.
Results show that the new approach achieves a better accuracy level than both HMA and WEMA.
█ SIGNALS
The indicator generates:
a LONG signal when switching color from RED to GREEN
a SHORT signal when switching color from GREEN to RED
Additionally is available an option to color the candles on your chart to confirm the signals and filter ranges.
EMA Mountains Use this to track the daily moving avg's on the 15m chart.
by default it is set to be used on ext hours.
pickle financialversion 1.0
A multi-use indicator
FEATURES:
1) Robust VWAP with up to 3 deviations that can be adjusted for Session, Week, Month, Quarter, Year, Decade, Century, Earnings , Dividend, & Split intervals
2) 20 customizable Moving Averages that can be changed to EMAs, SMAs , WMAs, SMMAs, and VWMAs; can also be adjusted to Candle Closes, Highs, Lows, Opens, HLC3, HL2 , OHLC4, & HLCC4
-Praise be lady VWAP
Rajiv Patel Strategy with ATR RSI CCI MACD EMA IchimokuRajiv Patel Strategy with alerts helps to identify entry and exit levels based on following Indicators.
1. ATR Trailing Stoploss
2. RSI
3. CCI
4. MACD
5. EMA
6. SMA
7. Ichimoku
This Strategy is fully customizable as per your trading style. Below are some examples of how once can use the Strategy.
Options Based on Each Indicator Individually.
1. ATR Trailing Stoploss – When price is above ATR Trailing Stoploss line its in buy zone and when below its in sell zone. The setting of ATR Trailing Stoploss are customizable like ATR Periods and ATR Multiplier. Suggest increasing ATR Multiplier with lower timeframe. Aggressive buyers can decrease ATR Period in higher timeframe as per trade plan.
2. RSI – RSI above EMA Length is buy zone and below is sell zone. Conservative buyers can increase the RSI & EMA Length period while aggressive and reduce. Higher the timeframe gives better results.
3. CCI – Similar to RSI the buy zone is when CCI crosses above EMA Length. Again CCI & EMA Length can be customised as per trade plan. Higher timeframe is advised.
4. MACD – MACD parameters default settings are based on trying to get early entry. One can change to 26, 13 and 9 in lower timeframe. When MACD crosses above Signal line its buy zone and when below its sell zone.
5. EMA – 5 EMA lines and 2 SMA lines can be plotted. The settings of both EMA lines and SMA lines can be adjusted based on timeframe and trade plan.
6. EMA – EMA line 1 and 2 can be used as buy when EMA1 crosses above EMA2 and sell when below. The length of EMA1 & 2 is adjustable. Suggest modifying based on timeframe and trade plan.
7. SMA – SMA1 can also be used as solo indicator. If price is below SMA1 then its no buy area and if above, then in buy area. SMA2 can be used to identify if trend is upward or downward based on user settings.
8. Ichimoku – It predicts price movements bit like moving averages. Offers a unique perspective of support and resistance levels.
Conversion Line (Tenkan Sen)
- Measures Short Term Trend
- Signals an area of minor support and resistance
Base Line (Kijun Sen)
- Measures Medium term trend
- Used as Trailing Stop Level
Lagging Span (Chikou Span)
- Used for confirmation of signals
- Can also serve as Support and Resistance Level
Kumo Cloud
- Formed of two lines: Senkou Span A (Green Line) and Senkou Span B (Red Line)
- Dynamic Support and Resistance
HOW TO READ ICHIMOKU INDICATOR
Conversion Line (Tenkan Sen)
- If Price is above the Conversion Line = Short term upward movement
- If Price is below the Conversion Line = Short term downward movement
- Increasing Conversion Line = Short term uptrend
- Decreasing Conversion Line = Short term downtrend
Base Line (Kijun Sen)
- If Price is above the baseline = Medium term uptrend
- If the Market price is below the baseline = Medium term downtrend
- Increasing Base Line = Medium term uptrend
- Decreasing Base Line = Medium term downtrend
Lagging Span
- The Evolution of the current price action in relation to previous price action
- If the Lagging span is above the current price = Bullish Bias
- If the Lagging span is below the current price = Bearish Bias
- Lagging span near the current price = Trading range
Kumo Cloud
- Dynamic Support and Resistance based upon price action.
- The longer the price stays below/above the Kumo cloud, stronger the trend
- When the cloud is wide, the expected support or resistance is strong
- When the cloud is thin, the expected support or resistance is weak
- Never trade when price is inside Kumo Cloud
HOW TO TRADE WITH ICHIMOKU CLOUD
1. Baseline and conversion Line crossover (Lagging Span as a Filter)
crossover (conversion line, baseline) = Buy
crossunder (conversion line, baseline) = Sell
FILTER
Crossover (conversion line, baseline) and lagging span is Bullish (i.e above the price) = Buy
Crossunder (conversion line, baseline) and lagging span is Bearish (i.e below the price) = Sell
2. Baseline - Conversion line crossover (Kumo cloud Filter)
Crossover (conversion line, baseline) above the Kumo Cloud = Strong Buy
Crossover (conversion line, baseline) below the Kumo cloud = Weak Buy
Crossunder (conversion line, baseline) below the Kumo Cloud = Strong Sell
Crossunder (conversion line, baseline) above the Kumo Cloud = Weak Sell
3. Kumo Cloud Breakout
When the price enters the Kumo Cloud, and breaks its Upper wall upward = Bullish Signal
When the price enters the Kumo Cloud, and breaks its Lower wall downward = Bearish Signal
4. Kumo Cloud Crossover
When Span A crosses the Span B from below to the upside and prices are positioned above the Kumo Cloud = Strong Buy Signal
When Span A crosses the Span B from upside to the bottom and the prices are positioned below the Kumo Cloud = Strong Sell
When Span A crosses Span B from bottom to the upside and prices are positioned below the Kumo Cloud = Weak Buy Signal
When Span A crosses Span B from the upside to the bottom and the prices are positioned above the Kumo Cloud = Weak Sell Signal
Options Based on Combining Multiple Indicators.
One can select and combine multiple conditions based on above understanding of individual indicator to create a strong Long Entry, Short Entry, Long Exit and Short Exit. This Strategy also provides Alert signal for all entry and exit based on the combinations of conditions selected.
Since this is a strategy one can use STRATEGY TESTER to understand how the strategy has performed over the selected time span. This however does not guarantee similar results in present or future trades.
Please enter commission or total charges charged by your broker in “Properties” Tab of the strategy. Modify all parameters of “Properties” Tab as needed. Note, this can affect the performance results of the strategy.
Need to be very careful in selecting conditions as it becomes very complex with many options available.
Note:
Triangles at the top and bottom indicates the zone. Can be turned on / off using condition “Show Conditions Visually”.
1. Red triangle at top pointing down with ‘S’ indicates in Long Exit zone.
2. Red triangle at top pointing down with ‘EnS’ indicates in Enter Short zone.
3. Green triangle at bottom pointing up with ‘B’ indicates in Long Entry zone.
4. Green triangle at bottom pointing up with ‘ExS’ indicates in Exit Short zone.
5. When the is no triangle either at top or bottom means there is no zone.
Send me your suggestions, will try to incorporate the same in next revision.
Easy Scalping by JayKasunBINANCE:BTCUSDTPERP
This indicator can show stochastic RSI K and D line crosses and some candlestick patterns on chart.
You can use this indicator to scalping, check usage for more info. Always backtest before trading with your real money.
This indicator will also help mobile TradingView users to get an idea when getting stochastic RSI signals, they can use this indicator to check if stochastic RSI K and D crossed or not. ( Because they have limited area to view chart ) .
4 Exponential moving averages are there in the indicator with easy enable disable option. 9 , 21 , 55 , 100 is suggested as default values.
Meanings of signs in chart
Blue triangle bellow candle means it's a stochastic RSI K and D line cross in oversold level
Red triangle above candle means it's a stochastic RSI K and D line cross in overbought level
Green plus sign shows when EMA 50 crossover EMA 100
Red plus sign shows when EMA 50 cross bellow EMA 100
Features
You can enable candlestick pattern displaying when stochastic RSI K and D cross happen. Check indicator settings.
You can enable displaying ATR Trailing Stops in indicator settings.
Indicator will only show blue triangle after Green plus sign and Red triangles after Red plus sign
After you enable candlestick pattern option, stochastic RSI crosses with candlestick patterns will show in deferent colors. Blue triangle will turn into green and Red triangle into pink.
Usage
Use lower time frames like 5m or 15m
After green plus sign, if price retouched 21 EMA or 55 EMA and blue triangle appeared , you can enter a long position.
After red plus sign, if price retouched 21 EMA or 55 EMA and red triangle appeared , you can enter a short position.
Always wait for candle close . signs of chart can be changed when candle closing. ( Does repaint until candle close )
Use ATR trailing to get a stop loss price.
Use 1:1 or 1:0.5 Risk Reward ratio. Because it's scalping and lower time frame.
Use more indicators like RSI to get more confirmations ( like divergences ) before entering a trade. Its more reliable.
Candlestick Patterns Short names
H - Hammer
IH -Inverted Hammer
BE - Bullish Engulfing ( green triangle )
BE - Bearish Engulfing ( pink triangle )
BH - Bullish Harami ( green triangle )
BH - Bearish Harami ( pink triangle )
I have included ATR + Trailing Stops by SimpleCryptoLife and Candlestick Patterns Identified (updated 3/11/15) by repo32
this is a combination of multiple indicators
credit goes to original creators of above indicators
A_HMS_EMAsthis is an indicator that have many essentials in one indicator and prevent from adding many indicator in chart
Ichimoko clouds and 4 ema from number 19 , 33 , 66 , 199
and an spatial average ema with 2 color that help you to find trend
Histomentu is a great Indicator that combine RSI Composit by RSi line and show momentum of price movement by a histogram
for better use note that:
red line is composite line
green line is rsi line
when composite line run away from histogram momemtum increase rapidly
when composite and rsi line is in same way its time to get position .
some futures is hidden by default:
composite red and green signal line
rmi of price with to color with momentum 4
ema 13, 33 of rmi as signal line
finaly u can change any colors from setting
in background we determine some fills for better use of Indicator
for better use note that:
1_pivots show with tiny triangles bellow and above the candles
red triangles for hi pivots and green triangles for low povots
2_ema19 , 66 , 199 shown on chart by default and you can change its source or length from settings
3- ichimoko cloud help you to determine demand and supply zones that those points are price target to go.
EMA SCALPEUR + RSi - SHORTthis indicator is about 4 EMAs, you can choose a cross under 2 EMA's for the entry end 2 others EMAs for the exit.
Plus I add a RSI function to be sure it doesn't take a short if RSI is under 40.
It's still in development
