ALMA TrendlineThis is a simple indicator to make ALMA Trendline to be used as STOP LOSS guidance in trending market. The trendline will change color from GREEN to RED and vice versa once price crossing down or crossing up the trendline.
在腳本中搜尋"trend"
Crypto Volume/Strength ComparatorHello Traders,
Here is an attempt to perform comparative analysis between top cryptos based on strength (oscillator) and volume. Methodology used here is similar to Magic Number formula described in the post : Enhanced Magic Formula for fundamental analysis . But, instead of using fundamentals, we are making use of few technicals to derive similar outcome. Usage of the available stats will not be same as Magic number since we are using technicals.
⬜ Process
▶ Get crypto exchange based on prefix of instrument being used.
▶ For the given exchange, get data for all the tickers available in input fields.
▶ Calculate Oscillator, Momentum based on price for each tickers.
▶ Calculate Oscillator, Momentum based on volume for each tickers.
▶ Calculate Volatility for each tickers.
▶ Rank Price-Oscillator, Price-Momentum, Volume-Oscillator, Volume-Momentum, Volatility for each tickers.
▶ Calculate combined rank by adding up individual ranks.
▶ Calculate movement of rankings from bar to bar
▶ Sort tickers based on rank and populate them on table. Display direction of rankings.
⬜ Components
Display components are as follows:
⬜ Settings
Settings are pretty simple and straightforward
⬜ Calculations
▶ Oscillators : High values of oscillators are considered as ideal as the process is intended towards finding trend.
▶ Momentum : Momentum is calculated on the basis of Squeeze Momentum Indicator by @LazyBear.
▶ Volatility : Volatility is calculated on the basis of Williams Vix Fix by @ChrisMoody. Here too since we are in trend following mode, lower vix fix is considered ideal.
⬜ Few Notes
Tickers will show data only if selected exchange has them. Some tickers are not available in all exchanges. In that case, it will show NAN. This is kind of unavoidable as we need to have fixed size arrays for any calculations.
Indicator works only on crypto tickers which has valid exchange.
Tickers move through the rankings in real time. Background of all stats are based on gradient from green to red.
Tickers on top may not always have better long opportunity or tickers at bottom may not always be optimal for shorting. We need to consider how long the instrument may stay in the position or how fast it is moving in opposite direction. Hence, directions of the ranking movement are also shown on the table.
MA Strength StrategyThis is based on Aligned Moving Average Index published earlier:
But, instead of scoring trend based on how many moving averages are aligned, we are considering upside score. Higher scores are assigned for slower moving averages and lower scores for faster moving averages to give more stress to long term trend.
Buy/Sell conditions are based on moving average crossover on the upside score sum of Loopback days.
This is a very rough idea which seems to have been working ok on long only trades. Can be further improved.
TrendRangeIdentifier V2This is the enhanced version of TrendRangeIdentifier:
Highlights of this version are:
Different ATR multiplier used based on trend.
Supertrend is used for trend bias for determining which ATR to use on which side
Crossover is based on option selected. It can be either high, low or close price which is determined by crossover type selected.
Remaining parameters remain same as that of original indicator.
LT Trend 2.0This is a short term trend based indicator which colours the bars blue and red indicating the probable trend: blue indicating the probable upward (or “bullish”) trend and red indicating the probable downward (or “bearish”) trend.
The first criteria (called “volatility trend) colours the bars (blue or red) based on one of the indicators which we use that measures momentum and the key support/resistance level. When price is closed above this level, the bars are coloured blue and when price closes below this level the price bars turn red. The purpose is to show the likely trends, swing in price and path of least resistance, specially in the short term (depending on the timeframe chosen).
The second criteria (optional) uses the average range of the last 7 bars (although the period can be changed by the user). It colours the bars blue or red based on the average range and momentum bias of the past 7 bars. In this respect, it is slower to react to the constant “noise” and volatility in the price action by smoothing out a lot of the noise (depending on which setting one has chosen e.g. period of default 7 or lower). If the volatility or range of the next bar exceeds the average range of the previous 7 bars in an opposite direction (e.g. opposite directional momentum), the colour of the bars may change. For example, if the previous bar has been blue, and the range of the next bar is greater than the average of the previous 7 bars in the downward direction, the colour of the bars could likely turn red. This second (optional) criteria can be chosen by deselecting (unticking) the “volatility trend” criteria in the settings.
The main idea behind the indicator is to be able to observe the probable short term trends in the price, and to smooth out a lot of the bar-by-bar (or candle-by-candle) volatility and up/down action. If the bars are blue, this is a potentially bullish sign, as it often means that “bulls” may have the edge. The reverse is the case for red bars, as it is a bearish sign – or that “bears” may have the edge. Usually 2 consecutive bars of the opposite colour can signify a potential trend change (although one bar of the opposite colour can also suffice).
The indicator also incorporates a “trend following pivot” – shown by a yellow dot. This indicator waits for a pullback (or retracement) to either the 21 and 34 EMA - shown by blue and pink EMA lines respectively - and when the price bounces off or “pulls away” from either of these EMAs by a certain degree, the indicator then shows the yellow trend following pivot as a yellow dot. For example, if price is in an uptrend, then price pulls back to the 21 or 34 EMA, and then bounces off either of these levels by a certain extent, we may then see a yellow dot (or pivot) at the lowest most recent point (which would then become support). The yellow dot (or pivot) can indicate that the uptrend could potentially continue, provided price remains above the pivot (yellow dot). Similarly, in a downtrend example, if price pulls back to either the 21 or 34 EMA, then price gets rejected from these levels by a certain extent (so that price then falls back below these EMAs again), we may see a yellow dot at the highest recent point (which would become resistance). The yellow dot (or pivot) can indicate that the downtrend could potentially continue provided price remains below the pivot (yellow dot).
The “ultra” overbought and oversold signal colours the bars orange when price hits an extreme “overbought” or “oversold” level. Usually the price tends to reverse direction or start a correction when it reaches an extreme “overbought” or “oversold” level. Of course, it is possible for the price to ignore overbought/oversold readings – and if the price ignores the orange “ultra” signal by continuing in its original direction, it can mean that the momentum or trend is stronger than originally anticipated. Often the orange “ultra” signal can also mean that it may be time to tighten stops (specially as the risk or probability of a pullback or reversal increases).
Chartists should be aware of the probabilistic and uncertain nature of price action and the markets, and therefore prepare to limit and control any potential risks.
The indicator can be used on the charts of the majority of markets (e.g. stocks, indices, ETFs, currencies, cryptocurrencies, precious metals, commodities etc.) and any timeframe. It should be noted that the degree of noise and randomness increases significantly on lower timeframes. So the lower the timeframe that is chosen (e.g. 15-min or lower) the greater the degree of noise and randomness and therefore the higher the frequency of false signals or whipsaws. The indicator can be applied to candlestick, bar, line, line break, range and renko charts.
If you would like access, please send me a PM on Tradingview.
[PX] Technical TrendbreakThis script identifies a technical break of the current trend. Its shows when the swing point before the most recent extreme (high or low) is taken out. The indicator can help you to identify when the current trend is weakening or momentum is slowing down. It is not a standalone script, that you should use for automated trading. It works best when a clear trend is in progress and new extremes are made (such as all-time-high, all-time-low). It should be avoided for sideways movements.
The length parameter determines how many candles should be taken into consideration for calculation of the extremes.
If you are looking for someone to develop your own indicator or trading strategy, don't hesitate to get in touch with me here on TradingView or below.
Contact:
www.pascal-simon.de
info@pascal-simon.de
TTPro TrendChannel V12// TTPro TrendChannel is a shaded channel that clearly defines the trend. If price action is below the channel then trend is bearish.
// If candles are within the channel we have a ranging market, and if price action is above the channel, the trend is bullish. This indicator is useful for both range traders and trend trade
TTPro TrendChannel V11An update to V10 .. // TTPro TrendChannel V11 is a shaded channel that clearly defines the trend. If price action is below the channel then trend is bearish.
// If candles are within the channel we have a ranging market, and if price action is above the channel, the trend is bullish. This indicator is useful for both range traders and trend traders.
TTPro TrendChannel V10// TTPro TrendChannel is a shaded channel that clearly defines the trend. If price action is below the channel then trend is bearish.
// If candles are within the channel we have a ranging market, and if price action is above the channel, the trend is bullish. This indicator is useful for both range traders and trend traders.
Jimb0ws Strategy Trending Info PanelsJimb0ws Strategy — Golden Candles + Bubble Zones
A price-action/EMA strategy built for FX scalping and intraday swings. It colors Golden Candles when strong bodies touch/skim EMA20/50 in trend (“bubble”) and optionally highlights Robin Candles (break of the prior golden body). Signals are throttled per bubble and filtered by multiple higher-timeframe conditions.
How it trades
Trend bubbles: Uses EMA20/50/100/200 alignment on the chart timeframe; also reads 1H & 4H bubbles for context.
Entries: BUY/SELL labels appear only when a golden setup aligns with fractal/structure checks and all active filters pass.
Stops/Targets (strategy mode):
• Longs: SL = EMA100 if EMA200 > EMA100, else SL = EMA200.
• Shorts: SL = EMA100 if EMA200 < EMA100, else SL = EMA200.
• TP = RR × risk (default 2R).
An on-chart SL/TP info label prints the exact prices at each signal.
Risk filter options: disable beyond 1H EMA50, proximity band around 1H EMA50, wick overdrive veto, session filter (toggle on/off), max signals per bubble.
Visuals & tools
Colored EMAs (20/50/100/200), bubble zone background.
4H info panel (state, start time, duration); Prev-Day ATR panel sits above it.
Optional 1H info panel and consolidation warning.
Fractal markers (size selectable).
Alerts
1H bubble state change (Long/Short/Consolidation).
BUY/SELL signals.
Inputs worth checking
Session & timezone, min body size, pip tolerances, proximity/WOD filters, max signals per bubble, RR, SL/TP label offset.
Notes
Best on FX pairs; pip = mintick × 10. Backtest and adjust to your instrument and session. This is not financial advice.
TrendThis TradingView Pine Script indicator combines multiple technical systems (EMA Cross, EMA200 Bias, SuperTrend, Ichimoku, and ADX/DMI) into one consensus tool.
It identifies when all systems agree on a Bullish (BUY) or Bearish (SELL) trend, and also flags WEAK signals when consensus decreases.
Visual signals (labels on the chart) and alerts are included.
Gemini Trend Following SystemStrategy Description: The Gemini Trend Following System
Core Philosophy
This is a long-term trend-following system designed for a position trader or a patient swing trader, not a day trader. The fundamental goal is to capture the majority of a stock's major, multi-month or even multi-year uptrend.
The core principle is: "Buy weakness in a confirmed uptrend, and sell only when the uptrend's structure is fundamentally broken."
It operates on the belief that it's more profitable to ride a durable trend than to chase short-term breakouts or worry about daily price fluctuations. It prioritizes staying in a winning trade over frequent trading.
The Three Pillars of the Strategy
The script's logic is built on three distinct pillars, processed in order:
1. The Regime Filter: "Is This Stock in a Healthy Uptrend?"
Before even considering a trade, the script acts as a strict gatekeeper. It will only "watch" a stock if it meets all the criteria of a healthy, long-term uptrend. This is the most important part of the strategy as it filters out weak or speculative stocks.
A stock passes this filter if:
The 50-day Simple Moving Average (SMA) is above the 200-day SMA. This is the classic definition of a "Golden Cross" state, indicating the medium-term trend is stronger than the long-term trend—a hallmark of a bull market for the stock.
The stock's performance over the last year is positive. The Rate of Change (ROC) must be above a minimum threshold (e.g., 15%). This ensures we are only looking at stocks that have already demonstrated significant strength.
The 200-day SMA itself is rising. This is a crucial check to ensure the very foundation of the trend is solid and not flattening out or beginning to decline.
If a stock doesn't meet these conditions, the script ignores it completely.
2. The Entry Trigger: "When to Buy the Dip"
Once a stock is confirmed to be in a healthy uptrend, the script does not buy immediately. Instead, it patiently waits for a point of lower risk and higher potential reward—a pullback.
The entry trigger is a specific, two-step sequence:
The stock price first dips and closes below its 50-day SMA. This signifies a period of temporary weakness or profit-taking.
The price then recovers and closes back above the 50-day SMA within a short period (10 bars).
This sequence is a powerful signal. It suggests that institutional buyers view the 50-day SMA as a key support level and have stepped in to defend it, overpowering the sellers. The entry occurs at this point of confirmed support, marking the likely resumption of the uptrend. On the chart, this event is highlighted with a teal background.
3. The Exit Strategy: "When is the Trend Over?"
The exit logic is designed to keep you in the trade as long as possible and only sell when the trend's character has fundamentally changed. It uses a dual-exit system:
Primary Exit (Trend Failure): The main reason to sell is a "Death Cross"—when the 50-day SMA crosses below the 200-day SMA. This is a robust, albeit lagging, signal that the long-term uptrend is over and a bearish market structure is taking hold. This exit condition is designed to ignore normal market corrections and only trigger when the underlying trend has truly broken. On the chart, this is highlighted with a maroon background.
Safety-Net Exit (Catastrophic Stop-Loss): To protect against a sudden market crash or a company-specific disaster, a "safety-net" stop-loss is placed at the time of entry. This stop is set far below the entry price, typically underneath the 200-day SMA. It is a "just-in-case" measure that should only be triggered in a severe and rapid decline, protecting your capital from an unexpected black swan event.
Who is This Strategy For?
Position Traders: Investors who are comfortable holding a stock for many months to over a year.
Patient Swing Traders: Traders who want to capture large price swings over weeks and months, not days.
Investors using a Rules-Based Approach: Anyone looking to apply a disciplined, non-emotional system to their long-term portfolio.
Ideal Market Conditions
This strategy excels in markets with clear, durable trends. It performs best on strong, leading stocks during a sustained bull market. It will underperform significantly or generate losses in choppy, sideways, or range-bound markets, where the moving averages will frequently cross back and forth, leading to "whipsaw" trades.
Manual Trend Line [SDAlgo]There is a a saying "Necessity is the Father of Invention."
Truly speaking, this indicator also took birth from the same necessity when using TradingView's built-in drawing tool was unable to do what I was looking for. It's "Trend Line". What this built-in drawing tool lacks:
1. It cannot be extended to the current bar.
2. It doesn't provide the the ability to get the price value of the Trend Line at the current bar when extended.
3. It can only be a line but not a channel kind of thing.
So, this manual Trend Line overcome all those mentioned above but being simple without much intricacies or complex calculations.
How does this indicator works:
The following screenshot appears when user first select this Indicator to apply on your chart, it asks user to choose the start time point of of the Trend Line (instead of Point in drawing tool). The default setting is Resistance Trend Line, so user may opt for the time point where the user finds a suitable high. However, as there is multiple confirmation in different stages, user may also opt for time point where the user intend to place the support line start.:
photos.google.com
Once user choose the start time point, it will ask the end time point as per the below screenshot:
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Once the second point is also chosen, then the following screen appears for user to confirm other parameters:
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User can choose:
1. Trend Line Type: Resistance or Support
2. Trend Line Touch Points: Either High/Low of the candle (when resistance, it will touch the highs, when support, it will touch the lows for the selected time point candles.) or candle body (in this case, the trendline will touch the high of the candle body when Resistance is selected else it will touch the low of the candle body when Support is selected.)
3. Trend Line Visibility: Single Line or Multiple Line. The default screenshot with this publication shows the multiple line where the center dashed line is the touch points and outer solid lines are indicating a narrow zone. This zone is to cover some other high (or low points) which didn't exactly touch the dashed line but the rejection came to very near to it.
Once you click apply, say with other default setting except the time point, the trendline will be visible like the below screenshot:
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By default the Trend Line is extended left but it stops at the current running or the last historical bar with a small value mentioned at the right of the Trend Line as the price value of it at the current bar.
Also by default the resistance selection colors the line as Red and Green when selected support.
User can go into the settings and fiddle with it for other settings. If the line visibility is changed to Multiple Line, the Trend Line in the just previous picture will become multiple line as is below:
photos.google.com
Other parameter are:
1. Line Thickness: For single line type, the thickness can be made from 1 to 10.
2. The label size can be made from 8 to 16 for the Price Value of the Trend Line at current bar.
Draggability:
Unlike Built-in Trendline, this doesn't have the efficiency of dragging the start or endpoints but it has the another ability to drag the start and end time of the Trend Line. In that case, you just select the Trend Line and two vertical lines will appear on your chart on the start and end point of the Trend Line. User can drag the vertical time points to whichever bar user want to place to.
In this way, the semiautomatic "Manual Trend Line" can be drawn on the chart but with some additional features as mentioned earlier.
This Indicator is free for all but I'm hiding the source code for some unforeseen reasons. If Both the Upper Trend Line and Lower Trend Lines are required on a single chart, then the indicator should be added two times on the chart, that's it.
If user faces any issues during placement of the Indicator on the chart, I may be contacted over TradingView direct message and can help the user for any clarifications, overcoming any issues.
Simple Auto Trend LinesOpinionated way of drawing automatic trend lines. It draws automatically trend lines based on specified top/bottom strengths with multiple sets in order to keep track of multiple levels of interest.
Has the ability to hide invalidated trendlines if price moves away from it.
Donchian Channel Trend Tracker by KellyLikesCrypto### Overview
This indicator is written in Pine Script® (version 6) and is designed to overlay on a price chart. It combines the classic Donchian Channel—a tool popular among trend-following traders—with additional trend-tracking features. By identifying when the channel’s highs and lows are making new extreme values, the indicator helps signal potential trend shifts. It is especially suited for scalpers using 1-hour charts, as it provides clear, actionable signals for rapid entry and exit decisions.
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### Key Components & Inputs
1. **User Inputs:**
- **Length:** The period over which the indicator calculates the highest high and the lowest low (default is 27 bars). This value can be adjusted to smooth or tighten the channel based on the trader’s preference.
- **Offset:** A parameter allowing the plotted lines to be shifted left or right on the chart, providing flexibility in aligning the indicator with price action.
2. **Donchian Channel Calculations:**
- **Lower Bound (`lower`):** Calculated using `ta.lowest(length)`, it identifies the lowest low over the defined period.
- **Upper Bound (`upper`):** Determined by `ta.highest(length)`, capturing the highest high during the same period.
- **Basis:** The midline of the channel, computed as the average of the upper and lower bounds. This line can serve as an equilibrium or reference point in the trend analysis.
---
### Visual Representation
- **Plotting the Channels:**
- The **basis** is plotted in a standout orange color (#FF6D00) to make the central trend reference easily visible.
- The **upper** and **lower** bounds are plotted in blue (#2962FF), creating clear boundaries for the price action.
- The area between these two lines is filled with a semi-transparent blue, enhancing the visual context of the channel and helping traders quickly assess whether price is near an extreme or within a normal range.
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### Trend Identification Logic
Beyond plotting the basic Donchian Channel, the indicator introduces additional logic to track short-term trend changes:
1. **Higher Highs and Higher Lows:**
- **Higher High (`higherHigh`):** This condition checks if the current upper bound is greater than the previous bar’s upper bound, signaling a potential upward push.
- **Higher Low (`higherLow`):** Similarly, it checks if the current lower bound exceeds the previous bar’s lower bound, reinforcing an upward trend if the support level is rising.
2. **Lower Highs and Lower Lows:**
- **Lower High (`lowerHigh`):** This evaluates if the current upper bound is less than that of the previous bar, indicating a possible downward shift.
- **Lower Low (`lowerLow`):** It verifies if the current lower bound is lower than the previous bar’s, further confirming a bearish tendency.
The use of the `nz()` function ensures that on the very first bar—where no previous data exists—the code handles the values gracefully without causing errors.
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### Visual Markers for Trend Signals
To make trend signals immediately apparent:
- **Markers are Plotted on the Chart:**
- **Green Labels ("HH" and "HL"):** These are placed on the chart when the indicator detects higher highs or higher lows, suggesting bullish momentum.
- **Red Labels ("LH" and "LL"):** These markers are shown when lower highs or lower lows are detected, indicating bearish pressure.
Each label is plotted either above or below the corresponding bar, ensuring that the chart remains uncluttered and that the trend signals are clear.
---
### Scalping Strategy on 1-Hour Charts
This indicator is specifically tailored for scalping strategies on 1-hour charts. Scalping involves capturing small, rapid profits from short-term price movements, and the clear trend signals provided by this tool can help traders pinpoint optimal entry and exit points. Here’s how it integrates into a scalping strategy:
- **Quick Trend Identification:** The green markers (HH and HL) suggest bullish conditions ideal for quick long entries, while the red markers (LH and LL) signal bearish conditions suitable for short entries.
- **Timing and Precision:** On a 1-hour chart, the indicator’s sensitivity to higher highs and lower lows allows traders to make rapid decisions aligned with the prevailing trend.
- **Complementary Analysis:** While the indicator provides fast signals, it is recommended to use it alongside additional tools (like oscillators or volume analysis) and strict risk management practices, ensuring that scalpers can confirm entries and exits efficiently.
By leveraging the indicator’s visual cues within a broader scalping framework, traders can enhance their ability to capture quick moves, thus optimizing their overall strategy on 1-hour timeframes.
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### Conclusion
The “Donchian Channel Trend Tracker by KellyLikesCrypto” is a powerful tool for visualizing price extremes and trend direction. By combining the classical Donchian Channel with additional trend-tracking markers, it offers traders a clear and immediate way to assess whether the market is gaining bullish momentum or beginning to turn bearish. Its customizable parameters and clear visual signals make it particularly effective for a scalping strategy on 1-hour charts, where rapid decision-making is crucial.
This detailed breakdown should provide a comprehensive understanding of how each component of the indicator works together and how it can be effectively integrated into a short-term scalping strategy.
Trading the TrendTrading the Trend Indicator by Andrew Abraham (TASC, 1998)
The Trading the Trend indicator, developed by Andrew Abraham, combines volatility and trend-following principles to identify market direction. It uses a 21-period weighted average of the True Range (ATR) to measure volatility and define uptrends and downtrends.
Calculation: The True Range (highest high minus lowest low) is smoothed using a 21-period weighted moving average. This forms the basis for the trend filter, setting dynamic thresholds for trend identification.
Uptrend: Higher highs are confirmed when price stays above the upper threshold, signaling long opportunities.
Downtrend: Lower lows are identified when price stays below the lower threshold, favoring short positions.
This system emphasizes trading only in the direction of the prevailing trend, filtering out market noise and focusing on sustained price movements.
The trendline changes her color. When there is an uptrend the trendline is blue and when the trend is downward the trendline is yellow.
Coins Trend Tracker HTThe Coins Trend Tracker HT script provides a powerful tool for monitoring and comparing the trend signals of multiple cryptocurrencies based on their Exponential Moving Averages (EMAs). This script is particularly useful for traders who want to keep track of multiple coins across different timeframes and identify potential trading opportunities based on EMA crossovers.
Features:
Customizable Coin Selection: Users can select up to four different cryptocurrencies to monitor.
Flexible Timeframes: Users can choose two different timeframes for EMA calculations to suit their trading strategies.
Visual Trend Indicators: The script displays trend indicators (🚀 for bullish and 💀 for bearish) based on the EMA crossover status for each coin and timeframe.
Conditional Cell Coloring: Table cells are color-coded based on the EMA crossover conditions, helping users quickly identify bullish or bearish trends.
Opacity Control: Users can adjust the opacity of the table cell colors for better visualization on the chart.
How It Works:
Coin Selection: Users can select up to four different cryptocurrencies to monitor by entering their ticker symbols.
Timeframe Selection: Users can select two different timeframes for the EMA calculations. The script calculates the 5-period and 20-period EMAs for each coin and timeframe.
EMA Crossovers: The script checks for EMA crossovers (EMA 5 crossing above or below EMA 20) and updates the trend indicators and cell colors accordingly.
Table Display: The script displays a table with the selected coins, their current prices, and trend indicators for the chosen timeframes. The background color of the table cells changes based on the EMA crossover status.
Script Logic:
The get_price function retrieves the latest price of the selected coin for the specified timeframe.
The get_ema_cross function calculates the 5-period and 20-period EMAs and checks for crossover conditions.
The fill_row function populates the table with the coin data, trend indicators, and conditionally colored cells.
The table header and data rows are updated based on the user-selected coins, timeframes, and EMA crossover conditions.
Usage:
Add the script to your TradingView chart.
Customize the coin selection, timeframes, text color, default cell color, bullish and bearish cross colors, and cell opacity through the input settings.
The script will display a table with the selected coins, their current prices, and trend indicators based on the EMA crossovers for the chosen timeframes.
[TradersPost] Simple Trend LinesThis script is designed to identify and visualize trends based on pivot highs and pivot lows over a user-defined timeframe on trading charts. It enhances trading strategy by dynamically plotting trend lines and adjusting to price changes, providing traders with real-time insights into potential breakout or breakdown points. This utility is crucial for those looking to refine entry and exit strategies based on technical trend analysis.
FEATURES
Dynamic Trend Lines: Automatically draws and updates trend lines based on pivot highs and pivot lows, helping traders to visualize current trends and potential reversal points.
Customizable Parameters: Offers extensive input options for users to define the number of bars to the left and right of pivots, the number of trends to track, and the sensitivity of the trend detection.
Trend Confirmation and Deletion: Includes features to confirm trends through multiple touchpoints and optionally remove broken trends from the display, keeping the chart uncluttered and focused on relevant information.
Design Flexibility: Users can customize the color and style of trend lines and labels, adapting the visual aspects of the script to their preferences or chart themes.
Performance Optimization: Utilizes efficient data structures and algorithms to manage memory and processing demands, ensuring that the script remains responsive even with extensive data.
DISCLAIMER
This script is provided for informational purposes only and does not guarantee profitability. It is still in the experimental phase and should be used as part of a comprehensive trading strategy that includes risk management and due diligence. Users should trade based on their own analysis and risk tolerance.
SideKick Trend
Pivot point based indicator using candlestick colors on the daily time frame to indicate potential trends.
The major trend corresponds to the breakout of a major pivot point, while the minor trend corresponds to the breakout of a minor pivot point.
Colors:
# Orange: Indicates major uptrend (important pivot high has been surpassed)
# Black: Indicates major downtrend (important pivot low has been broken)
Additional:
# Orange (50% opacity): Indicates minor uptrend (break of a minor pivot high) while a major downtrend persists
# Black (50% opacity): Indicates minor downtrend (break of a minor pivot low) while a major uptrend persists.
The minor trends serve as potential indicators of a shift in the major trend or a temporary retrace which may provide opportunities for strategic entry points depending on your strategy.
All scripts and content provided are for informational and educational purposes only! Past performance does not guarantee future results! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by nakedforexalgo.
Aleem Trend Supertrend EMA Title: "Supertrend and 200 EMA Crossover Strategy"
Description:
This script is designed to provide traders with a robust and original trading strategy by combining the Supertrend indicator with a 200-period Exponential Moving Average (EMA). The core concept is to utilize the strengths of both indicators to determine optimal entry and exit points.
The Supertrend indicator is well-regarded for its precision in signaling trend reversals by considering the volatility of the market, as measured by the Average True Range (ATR). It is particularly useful for identifying ongoing trends and potential reversals.
The 200 EMA is a widely-used indicator that many traders look to as a determinant of the long-term trend. When the price is above the 200 EMA, the overall market sentiment is considered bullish, and when below, bearish.
By combining these two, the script generates a Buy signal under the following conditions:
When the Supertrend turns bullish (color changes from red to green) with the closing price above the 200 EMA, or
When the price crosses above the 200 EMA while the Supertrend is already green.
A Sell signal is generated when:
The Supertrend turns bearish (color changes from green to red) with the closing price below the 200 EMA, or
The price crosses below the 200 EMA while the Supertrend is already red.
To avoid repetitive signals and to maintain clarity, the script has been enhanced with a feature to prevent multiple consecutive Buy or Sell signals. Once a Buy or Sell signal is generated, the script will not produce another identical signal until an opposing signal or an exit condition is met.
Exit signals for both Buy and Sell positions are provided to indicate when the trend is weakening or reversing, based on the Supertrend's color change in relation to the 200 EMA.
This strategy is flexible and can be utilized across various time frames and asset classes. It aims to aid traders in making more informed decisions by highlighting potential reversals and continuations in the market trend.
Usage:
To use this script, traders should observe the Buy and Sell signals as potential entry points. Exit signals should be taken as prompts to close positions or to protect profits with stop-loss adjustments. As with all strategies, it's recommended to use this in conjunction with other analysis methods and to backtest thoroughly before live implementation.
Multi-Timeframe Trend TableThis is the first publication of an indicator to show trend on the higher timeframes and is an English version of the "Mtf Supertrend Table" coded by FxTraderProAsistan. Credit goes to him for the genesis of this work. I updated the original code to Pinescript V.5 and modified it to suit my needs. Please enjoy.
This trend table indicator has the following features:
1. Trend Mode : Option to select the method of determining trend, using the Pinescript built-in ta.supertrend function or finding trend based on the cross of 20 and 50 EMA
2. 6 trend timeframes of your choosing, with show/hide
3. Optional feature to include the DXY (US dollar) trends, for the timeframes chosen. Useful for instruments that react to changes in the US dollar
4. ATR settings to adjust the Supertrend parameters. Default values are an ATR length of 10 and a Factor of 3
Pivot TrendLine with typeIntro
The simplest version of the indicator automatically draws trendLine on your charts, with newest Type syntax.
Type is some thing like type or interface in typescript or Structure in Clang.
with type key word you can write more clear code in pinescript.
Usage
You can change the looking back length settings to get more proper lines you want.
There is also a switch to turn off the historical trendlines .
You can use this to build more advanced indicators or strategies.
Mackrani RSI Trend WITH COLORSMACKRANI RSI WITH COLORS
Hull Trend is a hybrid indicator with RSI of HULL Signal. The Hull MA is combined with RSI to see if the Hull MA Buy/Sell Signal is in overbought or oversold condition. Buy Sell Signals are plotted based on settings of OB/OS or RSI .
This indicator is very useful to see if the Trend is in Exhaustion or Beginning of a Trend. Entry and Exit conditions can be more precise based on OB/OS condition of price action. In addition normal RSI trend is plotted with trend color from Hull MA. Best Performance with Heiken Ashi Candle
:- OB/OS Settings provided
:- Hull Buy/Sell Signals plotted
:- Double RSI FAST and DEFAULT signal with crossover
:- Bar Color applied based on Hull RSI Trend
:- Hull Trend + RSI + Price Action