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Super Secret 200 EMAThe indicator is called "Super Secret 200 EMA." It combines two technical indicators, the Supertrend and the 200 Exponential Moving Average (EMA), to generate buy and sell opportunities in a trading chart. Here's how the indicator works and how you can use it: Supertrend Calculation: The Supertrend indicator helps identify the current trend in the market. It uses two parameters: Length and Multiplier. Length: This parameter determines the number of periods used for the calculation. Multiplier: It controls the width of the Supertrend line, indicating the level of volatility considered in the calculation. The Supertrend is calculated by looping through the historical data from length to 1. For each period, it checks whether the closing price has increased or decreased compared to the previous period. If the closing price has increased, it updates the highestHigh value with the maximum of the current highest high and the high of the current period. If the closing price has decreased, it updates the lowestLow value with the minimum of the current lowest low and the low of the current period. Finally, it calculates the Supertrend value using the following formula: If the change in the closing price is positive: Supertrend = lowestLow + (multiplier * Average True Range (ATR)) If the change in the closing price is negative: Supertrend = highestHigh - (multiplier * ATR) The Supertrend line will be green if it is above the 200 EMA line and red if it is below. 200 EMA Calculation: The 200 EMA is a widely used moving average indicator that gives more weight to recent prices. The EMA period is set to 200 in this case. The 200 EMA is calculated using the EMA formula, taking into account the closing prices over the specified period. Plotting: The Supertrend and 200 EMA lines are plotted on the chart using the plot function. The Supertrend line is colored green if it is above the 200 EMA line and red if it is below. The 200 EMA line is colored green if the closing price is above it and red if it is below. Buy and Sell Conditions: The indicator determines the buy and sell conditions based on the crossover and crossunder of the closing price with the 200 EMA line and the Supertrend line. Buy Condition: A buy signal is generated when the closing price crosses above the 200 EMA line and is also above the Supertrend line. Sell Condition: A sell signal is generated when the closing price crosses below the 200 EMA line and is also below the Supertrend line. Plotting Buy and Sell Signals: You can use this indicator to identify potential buy and sell opportunities in your trading strategy. However, please note that this is a simplified explanation, and it's essential to thoroughly understand the indicator's principles and backtest it with historical data before relying on it for actual trading decisions. Use this with other confluences for best results and never rely on a single indicator
Pine Script™ indicator
by brutaltraderyt
12
Conceptive Price Moving Average [CSM]The Conceptive Price Moving Average (CPMA) is a technical indicator designed to provide a more accurate moving average of the price by using the average of various price types, such as open, close, high, low, etc. The CPMA can help to smooth out the noise and provide a clearer picture of the overall trend by taking the average of the last 3 candles for each price type and then calculating the average of those averages. To use the CPMA for generating buy/sell signals, you can look for crossovers of the CPMA and other commonly used moving averages, such as the 9-period EMA, 20-period EMA, 50-period EMA, 100-period EMA, and 200-period EMA, which are also plotted on the chart. When the CPMA crosses above a shorter-term moving average, such as the 9-period EMA or 20-period EMA, it can indicate a potential buy opportunity, while when the CPMA crosses below a shorter-term moving average, it can indicate a potential sell opportunity. Based on my analysis of BankNifty and Nifty, I have found that the CPMA works best at a length of 21, showing good resistance and support for stocks. Therefore, I recommend using a length of 21 when using the CPMA for generating buy/sell signals.
Pine Script™ indicator
by chhagansinghmeena
1
DojiCandle body size RSI-SMMA filter MTF DojiCandle body size RSI-SMMA filter MTF Hi. I was inspired by a public script written by @ahmedirshad419, . I thank him for his idea and hard work. His script is the combination of RSI and Engulfing Pattern. //------------------------------------------------------------ I decided to tweak it a bit with Open IA. I have changed: 1) candle pattern to DojiCandle Pattern; 2) I added the ability for the user to change the size of the candlestick body; 3) Added SMMA 200; 4) Changed the colour of SMMA 200 depending on price direction; 5) Added a change in the colour of candlesticks, depending on the colour of the SMMA 200; 6) Added buy and sell signals with indicator name, ticker and close price; 7) Added ability to use indicator on multi time frame. How it works 1. when RSI > 70 > SMMA 200 and form the bullish DojiCandle Pattern. It gives sell signal 2. when RSI < 30 < SMMA 200 and form the bearish DojiCandle Pattern. It gives buy signal settings: basic setting for RSI, SMMA 200 has been enabled in the script to set the levels accordingly to your trades Enjoy
Pine Script™ indicator
by Dahdaryon
1
PSAR + MACD + 200 EMA by @DaviddTechIndicators used for this 200 EMA MACD PSAR To take a Long Entry * Price above the 200 EMA * PSAR long entry signal * Both MACD and signal line below 0 * MACD crossover To take a Short Entry * Price below the 200 EMA * PSAR short entry signal * Both MACD and signal line above 0 * MACD crossunder WARNING: - For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE. - Plots EMAs and other values on chart. - This script to change bars colors.
Pine Script™ strategy
by daviddtech
11