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SMA Fibonacci Rainbow Waves[FibonacciFlux]SMA Fibonacci Rainbow Waves Overview The SMA Fibonacci Rainbow Waves script is designed for traders who seek to blend simplicity with complexity in their trading strategies. By leveraging multiple Simple Moving Averages (SMAs) weighted by Fibonacci numbers, this indicator provides a nuanced view of price action, allowing traders to capture essential market dynamics while filtering out unnecessary noise. Key Features 1. Multiple Simple Moving Averages (SMA) - The indicator employs a series of SMAs to represent both short-term and long-term trends, providing a comprehensive view of market sentiment. - Each SMA helps identify critical price levels that serve as support and resistance, particularly the purple Fibonacci SMA, which can be pivotal for limit entries. Traders positioned at this level can initiate stop-loss hunts at the institutional level, potentially achieving risk-reward ratios exceeding 30. 2. Fibonacci Weighting - By applying Fibonacci principles to the SMAs, the indicator enhances adaptability to market conditions. - This unique approach allows traders to pinpoint significant support and resistance levels within Fibonacci layers, enabling them to anticipate market movements effectively. 3. Dynamic Support and Resistance Levels - The SMA Fibonacci Rainbow Waves indicator identifies key price levels that act as support and resistance based on Fibonacci layers. - For instance, on the hourly chart, these levels function as reliable zones for traders to watch for potential reversals, while on the 15-minute chart, a consolidation within the rainbow pocket followed by expansion can signal lucrative trading opportunities. 4. Visual Clarity with Color Coding - Each SMA is assigned a distinct color, making it easy to differentiate between the various levels on the chart. - Fills between SMAs visually represent zones of confluence, enhancing the analysis of potential trading opportunities. Signal Generation and Alerts - The indicator generates buy and sell signals based on the interactions of the SMAs, providing clear entry and exit points. - Customizable alerts notify traders of significant market changes, allowing for timely reactions to evolving conditions. Benefits 1. Simplified Trading Approach - Traders can focus on significant market trends without distraction, enhancing decision-making efficiency and reducing emotional trading. 2. Flexibility Across Timeframes - The indicator operates effectively across multiple timeframes, allowing traders to apply its principles in various scenarios, from scalping to longer-term strategies. 3. Enhanced Market Insights - The combination of multiple SMAs and Fibonacci weighting offers a comprehensive view of market trends, helping traders identify lucrative opportunities that may be overlooked. 4. Bridging Simplicity and Complexity - This indicator elegantly addresses the contradictions in trading psychology, allowing traders to maintain clarity while navigating complex market dynamics. Conclusion The SMA Fibonacci Rainbow Waves script is an essential tool for traders seeking to streamline their analysis while effectively capturing market movements. By integrating Fibonacci principles with multiple SMAs, this indicator empowers traders to follow trends confidently. Its design makes it invaluable for both novice and experienced traders, revealing entry points often missed by traditional indicators. Open Source Collaboration This script is available as an open-source project on TradingView, inviting contributions from the global trading community to enhance its functionality. Collaboration ensures it remains a valuable resource for market participants. Important Note As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always prepare for potential market fluctuations.
Pine Script™ indicator
by FibonacciFlux
HMA Fibonacci Rainbow Waves[FibonacciFlux]HMA Fibonacci Rainbow Waves Overview The HMA Fibonacci Rainbow Waves script is designed for traders who strive for simplicity in their trading strategies while navigating the complexities of chart analysis. By utilizing the Hull Moving Average (HMA) for smoothing, this indicator provides a refined view of price action. However, over-smoothing can sometimes filter out essential market noise. To address this, the indicator incorporates a unique approach by applying Fibonacci weighting to seven HMA200 calculations. This enables traders to capture noise while effectively following market trends. BTCUSDT 4hour Key Features 1. Hull Moving Average (HMA) - The HMA is known for its responsiveness and ability to filter out noise, providing a clear view of the underlying trend. - The indicator balances smoothness with responsiveness, making it suitable for various trading styles, from day trading to swing trading and scalping. 2. Fibonacci Weighting - By applying Fibonacci numbers to the HMA calculations, the indicator enhances its ability to adapt to market dynamics. - This unique approach allows traders to maintain clarity while accommodating fluctuations in price action, ensuring they do not miss critical entry points. 3. Multi-Timeframe Functionality - The HMA Fibonacci Rainbow Waves indicator operates effectively across multiple timeframes, including daily, 4-hour, 5-minute, and 1-minute charts. - This adaptability makes it a valuable tool for traders, regardless of their preferred trading style, facilitating seamless transitions between different market conditions. 4. Noise Capture and Trend Following - The indicator is designed to capture essential market movements while filtering out excessive noise. - It helps traders follow trends without being overwhelmed by market fluctuations, allowing them to act on advantageous entry conditions that might otherwise be obscured. Signal Generation and Alerts - The indicator generates buy and sell signals based on the relationship between the HMAs, providing clear entry and exit points. - Customizable alerts keep traders informed of significant changes in market conditions, enabling timely decisions that reflect the nuances of market behavior. BTCUSDT 15min Benefits 1. Simplified Trading Approach - Traders can focus on core market movements without being distracted by excessive noise, enhancing decision-making efficiency and minimizing emotional trading. 2. Flexibility Across Timeframes - The ability to function across different timeframes allows traders to apply the same principles in various trading scenarios, from quick scalps to strategic swing trades. 3. Enhanced Market Insights - The combination of HMA smoothing and Fibonacci weighting offers a comprehensive view of market trends, aiding traders in identifying potential opportunities, including those that institutional investors might exploit. 4. Resolving Complexity with Simplicity - This indicator elegantly bridges the gap between simplicity and complexity, providing a single tool that addresses the inherent contradictions in trading psychology. It allows traders to simplify their strategies while still capturing the dynamic nature of the market. BTCUSDT 1min Conclusion The HMA Fibonacci Rainbow Waves script is a powerful tool for traders seeking to streamline their analysis while effectively capturing market dynamics. By integrating advanced smoothing techniques with Fibonacci weighting, this indicator empowers traders to follow market trends confidently across various timeframes. Its design makes it an essential asset for both novice and experienced traders alike, offering insights that can reveal entry points often missed by traditional indicators. Open Source Collaboration This script is released as an open-source project on TradingView, inviting the global trading community to contribute and enhance its functionality. By collaborating on this project, traders can help improve its capabilities, ensuring it remains a valuable resource for market participants around the world. Important Note As with any trading tool, it is crucial to conduct thorough analysis and risk management when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for potential market fluctuations.
Pine Script™ indicator
by FibonacciFlux
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
Market Breadth: Trends & BreakoutsVisualize the percentage of stocks in an index participating in trends and breakouts/breakdowns. The default data source is the S & P 500: the percent of stocks above/below the 200 and 50 day moving averages, and the percentage of stocks making new 52 week breakouts/breakdowns. You can pick new data sources in the settings. The blue band represents the percentage of stocks above/below the 200 day moving average. (It's always 100% in width, unlike say Bollinger bands). The thin blue lines are the same but for the 50 day moving average. The red and green areas represent the percentage of stocks making new 52 week highs/lows. In the example chart you can see a divergence between the market as a whole which continues up and to the right throughout 2021, where as fewer and fewer stocks were above their own 200 day moving average, causing the blue band to trend down. Before the market turns beginning 2022 you can see more stocks making new 52 week lows, even as other stocks make 52 week highs. After the market tops, the percentage of 52 week lows intensifies and the percentage of stocks below their 200 day moving average is already over 50%.
Pine Script™ indicator
by groks
Stochastic Buy Sell with EMA TrendStochastic Buy Sell with EMA Trend is combination of two indicators only. The Stochastic Oscillator ( STOCH ) is a range bound momentum oscillator. The Stochastic indicator is designed to display the location of the close compared to the high/low range over a user defined number of periods. Typically, the Stochastic Oscillator is used for three things; Identifying overbought and oversold levels, spotting divergences and also identifying bull and bear set ups or signals. The Exponential Moving Average (EMA) is a specific type of moving average that points towards the importance of the most recent data and information from the market. 1) Stochastic - It is giving signal whenever cross happen in oversold or overbought zone. 2) EMA 200 - EMA 200 is used to identify market trend. Long : If stochastic giving buy signal and price is over 200 EMA. Short : If stochastic giving sell signal and price is below 200 EMA.
Pine Script™ indicator
by RealTradingIndicator
8
VWMA Trend FilterHere's a simple tool for determining long term trend direction using two Volume Weighted Moving Averages (VWMA). The VWMA's emphasis on volume often makes it a better measurement for trend direction than the more popular Exponential Moving Average (EMA). Trend direction is determined by comparing a fast and slow VWMA. The default length for the fast VWMA is 50 periods, while the slow uses a default length of 200. Both of these lengths can be modified in the input options menu. The default source for the VWMA's is HLC3((high + low + close) / 3). If the fast VWMA is greater than the slow VWMA, then the trend is bullish and the background color is green. If the fast VWMA is less than the slow VWMA, then it is bearish and the background color is red. We included an option to change the candle color based on whether the VWMA's indicate a bullish or bearish trend as well. Overall, this is one of those utility tools that we like to use as an overlay over the main price chart and in conjunction with other signal generating indicators. Its purpose isn't to generate buy and sell signals, but it works well as a visual confirmation tool to help traders gauge trend direction.
Pine Script™ indicator
by ProfitProgrammers
2
Key Distances (Weekly, Daily Open, & EMA)This indicator provides the pip value from various key levels I've found important in my trading system. The results are graphed. I suggest that you choose the 2 most important ones you want to graph otherwise the indicator gets difficult to read. The important data is the actual numbers but I've found it helpful to understand how a ticker moves in regards to weekly open and distance from 200EMA to be most helpful. Here is the order of the data listed: Distance from weekly open (green if above open, red if below open, also paints color on line) Distance from last week opening price Distance from daily open Distance to 200EMA Future Possible Updates: - customized EMA - Distance from weekly low/high
Pine Script™ indicator
by RexDogActual