Bursa Malaysia Index SeriesBursa Malaysia Index Series. The index computation is as follows:-
Current aggregate Market Capitalisation/Base Aggregate Market Capitalisation x 100.
The Bursa Malaysia Index Series is calculated and disseminated on a real-time basis at 60-second intervals during Bursa’s trading hours.
Bursamalaysia
Bursa Malaysia Index SeriesERVIEW
This indicator is intend to display Bursa Malaysia Index Series.
█ FEATURES
1. Choose available sector based on Bursa Malaysia Index.
2. Plot close or OHLC.
3. Color of Closing price plot adapt to chart background color.
4. Font size can be selected.
█ EXAMPLES / USAGES
[HuD] MasterMaster is a trend indicator that uses Bollinger Band (BB) and Exponential Moving Average ( EMA ) as its main components.
1️⃣ Two EMA lines are used to create the band, which are EMA 8 and EMA 21
When EMA 8 value > EMA21 value, the band color is filled with green and when EMA 8 < EMA21, band is grey
Green means uptrend mode and grey downtrend mode.
2️⃣ EMA50 (purple color)
EMA50 act as a trend indicator, which indicates whether the chart is uptrend or downtrend
3️⃣ Simple Moving Average (SMA200), red line act as a long-term trend guide.
Chart is in strong uptrend when candles are above EMA50 and SMA200
4️⃣ There are 5 signals generated that act as signals to help traders (Bursa Malaysia) in making decisions for Long position.
🔸BUY Signal (B) and SELL (S)
- generated using ATR with default setting set to, ATR Length = 20 , and ATR Multification = 1.7
- trader can make Buy position from that candle or monitor and enter enter after few candle after BUY Signal
- SELL (S) signal is exit signal = red candle, when it break ATR Trailing stop
🔸PB Signal
- signal generated using Stochastic and when candle rebound from EMA10, EMA20 and EMA50
- this is the most safest Entry since it nearest to support area
🔸BO5 ( Light Green Candle )
- When candle breakout the highest previous five candles with significant volume
- Indicates that there's a sign of interest in buying power in the market
- Another opportunity to enter the market either at the current candle or wait for the right time when it retraces
🔸BO20 ( Green Candle )
- When candle breakout the highest previous twenty candles with significant volume
- In daily chart this candle is consider very important as it is the highest monthly candle.
v. ATOM ( Yellow Candle )
- when candle able to break the LineAtom
- LineAtom = sma (close, 20) + (1 * stdev(close, 20))
- ATOM candle indicates there is momentum for candle to move forward towards Top BB
5️⃣ Other Features from Indicator :
🔹Built-in Gann Lines
- Gann Lines is generated from the calculation and reference of Gann Square 9 Table
- It act as a guide for support and resistance .
- Exit position when it breaks the support or as Take Profit (TP) when it reaches the desired resistance.
🔹Tables
- showing the value of All Time High and 52-Week-High
- show the estimation value of current trade ( volume * close price )
- show the value of volume relative
🔹Golden Cross and Death Cross
- act as guide when there's a crossing between short EMA and long EMA lines
- Below are pair of EMAs used :
🔘EMA5 and EMA20
🔘EMA20 and EMA50
🔘EMA50 and SMA200
[HuD] Bursa RibbonAs retail traders in Bursa Malaysia, before taking our position we must make sure that the chart we chose is an uptrend counter.
So this indicator can assist us to identify whether the chart is an uptrend or downtrend.
This indicator consist of 3 "ribbon"
🔰 First one is the combination of ema5 and ema10.
> lightest green when ema5 > ema10
> lightest red when ema10 > ema5
🔰 2nd Ribbon, combination of ema30 and ema50
> light green when ema30 > ema50
> light red when ema50 > ema30
🔰 3rd Ribbon, combination of ema70 and ema90
> dark green when ema70 > ema90
> dark red when ema90 > ema70
🔰 Ribbon also act as support and resistance
> We can use it to enter a trade when it retraces and "rests" on 1st or 2nd Ribbon
🔰 Blue Dot
> Blue dots = ema20
> When the candle drop below the blue dot, please take extra caution when you want to enter/hold your trade.
How to Use :
✅ Only enter a trade when all ribbons are green
✅ Do not take a position when candles are far from 1st Ribbon
✅ When the candle retrace inside Ribbon 1 or 2, do can monitor closely to enter BUY position.
- Please consider other factors such as volume, SnR, and RSI
Example :
Strong Uptrend Counter ( All Ribbons are green )
Strong Downtrend Counter ( All Ribbons are red )
Counter that has the potential to change from Downtrend to Uptrend
Other Info from this indicator
- Green candle is a breakout candle. When candle breakout the highest previous 5 candles with volume is higher than the previous 5 volume
- Table information : Volume, Value = Volume x Price
✅ Please open as many charts as possible and see how this ribbon shape reacts. Some ribbons will look steep and others are a bit sloping
Thanks and Happy Trading 😎
[HuD] WMA Fast BandThis personal Indicator was designed for the uncertain market of Bursa Malaysia where traders can only open positions for Buy.
The objective is to trade in fast mode, Fast In Fast Out ( FIFO ) especially when during bearish market.
It is based on Weighted Moving Average and the formula are as followed :
Short WMA = ( wma5 High + wma5 Low ) / 2
Long WMA = ( wma10 High + wma10 Low ) / 2
These Short WMA and Long WMA create a band ( green or red )
Green band appears when Short WMA > Long WMA and vice versa.
1. Green triangle
- appear when it meets all these three criteria
i. Short WMA crossover Long WMA
ii. Price is above ema50
iii. Price is below Top BB ( Bollinger Band )
- when a green triangle appears, traders can choose either to make a "BUY" entry at this point or wait for the next candle
- this green triangle is an early entry signal
2. Red triangle
- appear when Long WMA crossover Short WMA
- this is considered a final exit point for traders.
3. Orange dot
- appear when the price close below grey line. This means it break the previous lowest 3 candles
- when orange dot appears, traders can either exit or wait for red triangle for exit confirmation.
4. Grey Line
- is the lowest low price of the previous 3 candles ( default value is 3. Value can be adjusted )
5. Green Line / Level
- is the highest price level of the previous 5 candles.
- Trader can use this line as take profit (TP ) level depending on "taste" or "appetite"
6. Table Info
- consist of RSI value ( default 14 ), 52Week High Value, Volume , and Transaction Value in RM ( volume * current price )
7. Small Blue dot = Mid BB = SMA 20
8. Purple Line = EMA 50
Happy Trading 😎
Divergence Energy Pro (DE Pro) MI05Divergence Energy Pro acts as an trend & volatility indicator calculated by combination of Moving Average data.
The Green bar indicates bullish energy, while the Red bar indicates bearish energy.
The length of the colour (red/green) bar indicates the energy's strength/momentum.
When the fisrt or second Green bar above the Zero Axis 💚 and MA line represents a strong bullish energy,
whereas the first or second Red bar below the Zero Axis ❤️ and MA line represents a strong bearish energy.
Apart from tracking the bullish/bearish trend in the market, it may be used to monitor the divergence/convergence between price and technical indicator.
Divergence occurs when the price moves in the opposite direction of a technical indicator, potentially leading a price shift.
Disclaimer:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
Bursa Index KLCI VS Stock/Equity (MI08)Bursa index KLCI versus stock indicator can be used as a benchmark to help investors compare the performance of the KLCI index and individual equity/stock.
The Green bar indicates that the stock has outperformed the KLCI index.
The Orange bar indicates that the stock has underperformed the KLCI index.
This indicator is not appropriate for comparing to the stock that is a component of the FBM KLCI, as it is already included in the bursa index.
The length of the bar indicates the strength of the stock/index.
Do not reply exclusively on the indication to trade. It is merely an analytical technique to assit investors in determining the strength and weakness of particular equity/stock relative to the KLCI index.
Disclaimer:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
Long Short Momentum (LSF) - MI06The Long Short Momentum (LSF / MI06) uses daily price (open, high, low, close) to calculate a series of formulated data & present in this indicator capturing current trends in the market.
LSF statistically compares market volatility to both long and short momentum, assisting investors in indentifying retracement entry points in trending stocks.
The Dark Green column shows that the stock is in the Bullish momentum when turning into Light Green column indicates the bullish momentum is getting waning.
The Dark Red column indicates that the stock is in the Bearish momentum when turning into Light Red colum indicates the bearish momentum is getting weaker.
The Length of the Red/Green column = Momentum's strength (higher the column means stronger the momentum)
How to use the Long Short Momentum (LSF) indicator:
1. When a stock price breaks out of a range/sideway trend and begins to rise
2. To be validated as a trade entry, the next candle must closed above the highest price of the signal's (first Dark Green column) candle
3. The signal candle's lowest price will function as a stop-loss point
4. When the Dark Green column changes color to Light Green, if the stock closes below the signal's lowest price (the 1st Light green column) candle to confirm signal as an exit point
5. This will be the pullback entry point or an average-up/add position if the next candle is close above the highest price of the signal (the 1st Light Green column) candle
6. If a Dark/Light Red column exists between 2(two) Dark/Light Green colums during an uptrend, please use the 1st Dark Green column as the next indication.
To achieve the best results, please use this LSF in a trending market; remember to trade with alongside with the trend rather than against it.
Disclaimer:
This script indicator is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
[LanZhu] - Bursa Index/Sector Trend With PortfolioDescription
Hi all, this is a simple indicator that shows trend of both KLCI and sectors of Bursa . The sector finding is using my Bursa_Sector library. Besides, I have also included portfolio tracker which is by Mohamed3nan in this script.
Usage
Top Trend - Malaysia KLCI Index Trend
Bottom Trend - Any Bursa Sector Trend
Portfolio Table - Copy from Portfolio Tracker by Mohamed3nan
Bursa_SectorLibrary "Bursa_Sector"
: List of stocks classified by sector in Bursa Malaysia (As of Oct 2021)
getSector()
This function will get the sector of current stock that listed in Bursa Malaysia
Shariah & PN17 Bursa MalaysiaDISCLAIMER: This Indicator work only with Bursa Malaysia's Stock
HOW DOES THE INDICATOR WORK
0. This is an overlay type of indicator. (Panel on chart)
1. This indicator list all shariah stock including warrant up to the month & year stated on the panel.
2. User may update the list (delete or adding) accordingly - refer to comment in the code
3. Panel of the indicator may be relocated in the indicator setting - default: TOP RIGHT
4. Panel will indicate Red Color with 'PN17' text for PN17/G3 stock
5. Panel will indicate Green Color with 'S' text for shariah stock
6. Panel will indicate none for non-shariah stock
7. If shariah stock was listed as PN17/GN3 stock, panel will indicate as PN17
Notes : Refer to code's comment for details.
bursamalaysianonshariahLibrary "bursamalaysianonshariah"
List of non-Shariah stock for Bursa Malaysia as of Oct 2021
No parameter required
status() will return 1 if ticker in the list, 0 if ticker not in the list and 2 if ticker not from Bursa Malaysia
Example usage :
//@version=5
indicator("My Script", overlay = true)
import BURSATRENDBANDCHART/bursamalaysianonshariah/1 as b
bgcolor(status() == 1 ? color.new(color.red, 90) : status() == 0 ? color.new(color.green, 90) : color.new(color.blue, 90))
Special thanks to
wmsafwan
RozaniGhani-RG
GoldenCO Aie3Use of GCOv3 strategy for market analysis
This gco3 strategy uses exponential moving average analysis which is 5emas to show the movement of stock prices in the market. It is also to track the impending changes to the market price. the use of EMA is more sensitive to trend changes and it is one way to see the trend of price movements and as a guide to the trader.
The parameters used are EMA5/EMA20/EMA50/EMA100/EMA200.
The above parameters indicate a price condition that includes 4 phases of the price trend, namely the accumulation, uptrend, distribution, and ddowntrend phases.
we hope that, by recognizing and knowing the trend of this price movement it can help traders in trading activities well and can reduce risk. May it benefit the trader.
DISCLAIMER ; This is not Buy/Sell call, Just analysis idea for education. Trade At Your Own Risk
[HuD] BURSA Buy|Sell V1My main problem when I first started trading is to decide where is the best entry point and where should I sell it.
So using ATR and ema lines I build this indicator which I hope it can guide trader to make that decision.
This indicator contains :
I. Bollinger Band with standard-setting
- Green Zone indicates a positive trend, while red is negative trend
2. Moving average line ( I recommend using ema ) which are ema5,10,20, 50 and sma200
- ema10 and 20 are represented by green ribbon ( when its uptrend = ema10 is bigger value than ema20 ) and red ( when its downtrend)
- I'm also using ema7 and ema 21 as guides for the beginning of uptrend/downtrend. Represented by a green and red triangle
3. Default ATR setting is 10 with 1 multiplication
4. Buy Sell signal represented with labels B and S
- It acts as a guide on where to make the entry or exit. It acts as a guide and traders can decide to Entry at BUY signal and exit at SELL signal.
- Traders can also consider taking the BUY entry even after they miss the BUY signal if the price did not close lower than the opening price of BUY candle, which is 2 to 3 candles after the signal.
- SELL signal acts as a guide when it breaks the trailing stop line. Traders will have the option to exit the trade if they follow this signal or wait for another 1 or 2 candles.
5. Breakout Candle
- when the candle breaks the highest level of the previous 5 candles with volume > average 5 days, the candle's color will change to lime green.
6. Line High and Low ( need to turn on at setting menu )
- act as support and resistance guide
7. EMA Crossing
There is an option to display the Golden Cross (GC) and Death Cross (DC) of ema lines such as :
Golden Cross (GC) - Green Label
- EMA5 Crossover EMA20
- EMA20 Crossover EMA50
- EMA50 Crossover MA200
Death Cross (DC) - Red Label
- EMA5 Crossunder EMA20
- EMA20 Crossunder EMA50
- EMA50 Crossunder MA200
8. Table Info will display :
- Stop Loss Information
- Risk
- Current Volume
- Relative Volume. If relative volume > 1, means the current volume is higher than normal volume. For example, if RV = 5, meaning current trading volume is very active and it's 5 times higher than average volume.
This is only version 1 and will be upgraded from time to time. Hope this indicator can help traders in making wise decision in trading.
[HuD] Malaysia COVIC-19This indicator show Covic-19 statistics for Malaysia.
The bar chart indicates :
1) Current Covic case in Malaysia
- Red Bar = if the case is higher than the previous day
- Grey Bar = if case lower or equal than the previous day
2) Red Line = 20 days moving average of daily covic case
Traders can also load Malaysia data from TV using the id as below :
1) CONFIRMED_MY
2) DEATHS_MY
3) RECOVERED_MY
Thanks :)
Note :
Trades can load this indi on any chart, but it only show data
of the previous 2 days since the data from WHO has not yet updated.
[HuD] Yearly High Low1. Indicator will display highest and lowest price level within yearly period.
- Highest Yearly Price = green line
- Lowest Yearly Price = red line
2. User also has an option to display Monthly high and low level.
- Monthly Highest Price = Blue Line
- Monthly Lowest Price = Orange Line
AM Bursa Sector Index OverviewThis indicator summarizes the Bursa Sector index based on Dual EMA (Fast and Slow) including the individual sector's Relative Strength (RS) compared to FBM KLCI major index.
Relative strength is calculated based on the sector index and the reference index, usually the FBM KLCI.
Preferably opened in Daily Time Frame.
The intent of this Indicator is for traders to get a quick performance overview for multiple sectors traded at Bursa Malaysia Exchange that will help them to select which stocks to trade. Trending and strong sectors normally provide opportunities to participate in trending markets.
How to read:
i) The triangle up and triangle down on the left side refer to bullish or bearish Dual EMA Cloud;
ii) +RS with triangle up means positive RS (stronger than FBM KLCI) and the RS is trending up;
iiI) -RS with triangle up means negative RS (weaker than FBM KLCI) and the RS is trending up;
iV) -RS with triangle down means negative/positive RS (doesn't matter) and the RS is trending down.
Enjoy !!!
[HuD] Multi Color Dragon Pro+HuD MultiColor Dragon Pro+ is a trend indicator.
- It measures the strength of Bull(Uptrend) and Bear(Downtrend).
- Bull strength is represented by red bar.
- The higher the red bar, the stronger is the trend (Uptrend).
- If the red bar exceeds Level 50 and follows by continuous increment, it means that stock is ready to make strong uptrend movement.
- If red bar is less than previous red bar, the color will change to pink. This to indicate a decrease in momentum.
- The uptrend is considered weak when the black line is higher than red/pink bar.
There are 3 "Buy Signal" from this indicator. I call it SBW :
1. S = Star Icon = is Bottom Catch signal, or also known as Buy on Dip.
2. B = Blue Diamond = when red bar crossover black line
3. W = White Dot = when Golden Cross happen between black line and cyan line ( Bull crossover Bear )
Note :
When trader make entry from these signal (SBW), trader needs to consider to exit the trade if the price BREAK either :
a- Middle candle where signal SBW trigger ( 1st consideration to exit ) or
b- Open Price where signal SBW trigger ( 2nd consideration to exit ) or
c- Low Price where signal SBW trigger ( MUST exit )
Others :
- Black Line = moving average of Bull
- White Dot = moving average of Bear
- Alert for 3 signal provided in script
[Hud] Signal 4HIDEAS :
- Original idea from @BURSATRENDBANDCHART
- Basically, it is an intraday technique to find potential stock with the intention to get 2- 4 bids profit ( FIFO )
STEP :
1. Must use 4 Hour Timeframe ( 4H )
2. Find entry based on percentage price increase compared to previous candle ( yesteday close price )
3. If the afternoon closing price is 5% > than yesterday close price ( default setting, and can be adjusted ), then indicator will show "Signal Pagi" label
4. Use Tradingview Screener to select the stocks when market breaks in the afternoon.
5. Add alert to selected counter ( using TV screener ) using 4H indicator and wait for BUY signal.
TAKE PROFIT ( TP )
- Target to TP after 2-4 bids profit
- sell at the end of day or early next morning
- Trade At Your Own Risk
CUT LOSS
- When it break closing price of previous candle or
- Red Dot = 50% of previous candle
NOTE :
- You need to have real-time data to use this indicator.
[HuD] Fast Bull Bear This indicator based on mathematical algorithm of 2 fast ema lines.
The purpose is to see the overall trend of wheather Bull is stronger than Bear and vice versa.
This can assist traders to spots trends and reversals
Green Line = Bull Line
Red Line = MA Line of Bull
How to use this Indi :
Green Dot = Buy Signal
Red Dot = Sell Signal
Green Line Cross Up Level 0 = Strong Momentum ( represent by "⭐️" icon )
Green Line Cross Down Level 0 = Momentum Become Weak
HuD DE | TEHuD DE | TE Expert is a combination of two indicators.
1. DE or Deviation Expert
DE is based on ema5 and ema20. This MA algorithm is to filter signals such as trend and convergence/divergence. It is represented by HA Candles.
There are 4 signals to assist traders in making decisions
i. Golden Cross = possible entry point ( Green Triangle )
ii. Death Cross = possible exit point ( Red Triangle )
iii. Cross Up Level 0 = look for Buy opportunity ( Green Diamond )
iv. Cross Down Level 0 = look for Sell opportunity ( Red Diamond )
There are also ema lines to monitor the movement of current candle movement.
2. TE or Trend Expert
TE is based on ema5 movement to assist traders to see the overall trend of chart movement.
The movement is represented by HA Candles.
There are 4 ema's lines to monitor HA Candles movements.
This lines act as support / resistance which can assist traders to see the current trend of the chart.
For example, if line is green ( Uptend) and the next candle drop below the first green ema lines, next line (ema10) acts as support.
If next candle breaks ema10, we can consider making an exit plan. Or for swing traders, they can consider waiting until candle drop below ema50 ( purple line ) before deciding to exit.
Note: This indicator setting only suitable for Bursa Malaysia market.
Relative Strength Comparison_FBMSCAPShows the strength of current symbol relative to strength of another symbol, defaulted to Bursa Malaysia broad market index: FBMSCAP. Best viewed in weekly chart.
HuD Bursa Time Range ( TR )HuD Bursa Time Range ( TR ):
🔘 Is a simple indicator that makes it easier for intraday traders to make daily decisions.
🔘 The concept is simple.
🔘 Between 9am - 9.30am (default value) I call this the Time Range (TR).
🔘 This TR time is also the time where traders (the day before) selling their shares.
🔘 After this period, usually new traders will take their position and look for entries.
🔸 If the next candle does not close below this TR lowest price. then there is a possibility the candle will move upwards.
🔸 If the next candle is higher than the high candle from TR, the candle will most likely make a Breakout (BO) & the daily candle will form a green candle / marobozu. = background will turn green
🔸 The background will turn yellow, if the close candle at the end of the session is equal to the open price
🔘 This Indi only applies for timeframes (TF) lower than Daily (Ex: TF4hour, TF1hour, TF30min, TF15min, 1min etc).
🔘 It is recommended to use this indi in TF1 minutes, so that it works like a tick chart on the trading platform.
Examples 1 :
Examples 2 :
Examples 3 :
Examples 4 :
