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MAC-Z & MACD Leader signal [ChuckBanger]This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator. Crossovers signals The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal. Zero line crossing The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement. Divergences Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences. There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well medium.com MACD Leader The MACD leader is only showing the crossing of MACD as a vertical line Green vertical line = MACD Leader Bullish Cross Red vertical line = MACD Leader Bearish Cross MACD Leader: MAC-Z: More Information cssanalytics.wordpress.com en.wikipedia.org drive.google.com
Pine Script™ indicator
by ChuckBanger
Triple Moving Average HeatmapHi everyone I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking. So what I'm going to do about it? crying or sharing more quality scripts than before? :) I guess you know the answer :) I'm gonna share a few quality scripts that I have in my library. I noticed that you guys tend to like more the scripts useful for your trading actually making you money rather than a copy-paste (of another copy-paste) Alright, enough for the trolling now let's introduce the Three MA heatmap which is an upgrade of that script : MA-heatmap-Double-cross-edition/ The challenge was to keep the heatmap not rolling and to make it match with the MA cross. I did it using this ``` since_ma_buy = barssince(macrossover) since_ma_sell = barssince(macrossunder) heatmap_color() => since_ma_buy < since_ma_sell ? color.new(color.green, 20) : since_ma_buy > since_ma_sell ? color.new(color.red, 20) : na ``` This is a technique that I found after drinking three glasses of red wine (#french) to keep the heatmap stable and not rolling. To get what I'm saying I invite you to replace the piece of code above by what everyone would normally do ``` heatmap_color() => macrossunder() ? color.new(color.green, 20) : macrossover() ? color.new(color.red, 20) : na ``` Ah and I'm not done sharing for the day, a few scripts are coming also after that one and tonight !!!!! I want to live in a world where you guys can enjoy quality scripts (mostly) :) PS ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Pine Script™ indicator
by Daveatt
6
MA heatmap (Double cross edition)Hello my friends Sorry yesterday I couldn't post an indicator because I was travelling. So here's the today indicator inspired from that one Moving-Average-Heatmap-Visualization/ This will gives an interesting representation of a Double Moving Average cross That's all for me Let's resume the free indicators publishing next Monday with the MA heatmap (Triple cross edition) and then the 4 cross ... until the 100 cross edition .... "wait are you joking sir ?"... Totally YES :) But the Triple cross edition will be released as it's interesting from a Pine script perspective Enjoy your weekend and stay safe Dave
Pine Script™ indicator
by Daveatt
5
24/9 EMA with Bias & SignalsThis is a simple indicator that plots the 24 & 9 EMAs. It also highlights the potential bias of the market (bull or bear) based on if the 9 EMA is above or below the 24 EMA. In addition there are signal crosses that you can use for alerts. This indicator is best used to confirm a particular underlying bias on the 5m, 15M, 1HR, 4HR, and Daily timeframes. It's important to note on lower timeframes that the bias can be counter trend bias of the overall larger momentum of the instrument you are trading. For clarity this means that many retraces get going when the 9 crosses the 24. But ultimately the larger timeframe bias will continue after this counter trend retraces. Combining this indicator with value channels and ATR is what I recommend.
Pine Script™ indicator
by RexDogActual
3
Repulsion Moving Average - Least Crosses MAA Moving Average With Less Whipsaws Signals The cross of the price with a moving average is one of the easiest strategy in technical analysis and could have worked if market price wasn't so noisy (In general periods of 1 to 20 produces the most whipsaws) . So it is possible to create a moving average who can manage to escape those noisy periods and produce 0 whipsaws ? This question was asked by one of my work colleagues and i responded : "well... almost 0". The Motion Of A Moving Average Moving Average estimate the Trend and will always have phase shift, they will still follow the price and cross it during high volatility or low volatility periods, and when a moving average cross the price during a low volatility period you can expect lot of crosses. In order to fix this behaviour a simple calculation exist : FixMa = LongPeriodMA + MediumPeriodMA - ShortPeriodMA We can see things in that way, the medium term MA is high pass filtered (subtracted) with a short term MA and the result is summed to a long term MA. We give more reactivity to our long term MA and thus creating some kind of repulsion motion with the price. Of course this can sometimes make the filter kinda zero-lag to some price periods (when the long term MA is near the price) . Comparison In red a simple moving average of period 100 and in blue our repulsion moving average : In the image the short term moving average period is 100, since the long term period of the moving average is equal to short term x 3 you could be interested to look at the comparison of our moving average with the actual long term moving average : Less crosses, i think you can see it. Something to notice is that its always a tradeoff between Signal Speed and Signal Numbers , a classic moving average create faster signals but also a high numbers of them, a classic trailing stop create less signals but slowest ones, our moving average is some kind of average between those indicators. Improvement Methods - Choice of The Filter/More Terms A bad behaviour of our filter can be fixed by using filters who tend to create less crosses with the price or by developing the formula of our filter by adding more terms as follow : fixma = ma(Price,a) + ma(Price,b) + ma(Price,c) - ma(Price,d) - ma(Price,e) where a > b > c > d > e . The number of subtractive terms is equal to the number of summing terms - 1. Way To Use This indicator can be used like any moving average with cross strategy. Can also be used as a trailing stop. No tests have been made proving that this indicator provide support and resistance levels, such signals come from more centered indicators. Hope you enjoy For any questions/demands feel free to pm me, i would be happy to help you :)
Pine Script™ indicator
by alexgrover
5