This script plots three Simple Moving Averages instead of just one.
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This script plots a higher timeframe EMA to your chart.
You can specify the timeframe and the length of the EMA in the settings.
This chart demonstrates the 5-minute 50EMA (black) combined with the 1-hour 50EMA (colored) on the 1 minute timeframe.
RSI Ribbon + Candle
By Ricardo Santos and JR
In this chart rendering we are combining RSI and Moving Averages. For an added features we included colors to the candles and ribbons. Lime and green displays a strong bullish trend, yellow is caution or no trade, red and maroon are bearish trends. You can also find divergences using the ribbon.
The usage is very easy. When the line is green you can open long position, when the line is red you can open short position and when it's black just check by yourself.
Usually I use it with RSI and Bollinger Bands, in order to determine when the signal is strong or weak.
Just play with fastest and slowest SC to adjust the smoothness.
DayMidPoint - Plot the moving average of the Daily price midpoint for short periods of time (i.e. 3 day or 5 day). Great for detecting the short term daily trend direction to determine a SHORT or LONG position building in a stock. Use with DayHigh and DayLow indicators. for nice price channels on a chart.
This is a simple Kalman filter moving average. The next step is to turn this code into a linear regression model, so if someone is able to do that please let me now. It works well currently as an almost zero lag moving average, so that means it responds extremely quickly to all price movements.
The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time. The Hull Moving Average solves the dilemma of making a moving average more responsive to current price activity whilst maintaining curve smoothness. (hoping in...
This is a full-fledged implementation of a system presented in an unique research paper 'Profitability of Candlestick Charting Patterns in the Stock Exchange of Thailand' (2017) on candlestick charting, candlestick patterns, trend identification methods, and testing.
You can easily find this paper in the Web. For example, visit:...