EMA x 3 MAsThis indicator can be used for moving average strategies based on a EMA trigger over MAs (SMAs) : MA1 , MA2 , MA3 .
Based on those crossings, the background color will change for the upcoming candle showing green for upper crossing change (the more MA are crossed, the darker is the background). Order and priority of background colors :
1/ EMA x MA1
2/ EMA x MA2 (if EMA x MA1 confirmed)
3/ EMA x MA3 (if EMA x MA1and EMA x MA2 confirmed)
EMA and MAs can also be tuned with your own values in the parameters, therefore allowing you to try different strategies and to use the EMA and MAs as support/resistance indication.
You can set up the background and lines colors in the Style in the parameters.
Exponential Moving Average (EMA)
TTP Green/Red Consecutive CandlesThis indicator counts consecutive green/red candles offering some basic statistics and signals/alerts.
Features
- Counts consecutive green/red candles in an oscillator chart
- Moving average of the counting helps spotting when the consecutive candles are away from the mean. MA length and multiplier to adjust the signal sensitivity.
- Thresholds can be set to backtest and send alerts on any number of arbitrary consecutive candles of the same color.
- All time highs: the indicator keeps track of when the maximum has been reached
- Distribution data: the number of times each number of consecutive color candles has been reached is offered
Signals
- Threshold signal triggers when the number of candles of the same color is above the specified threshold.
- MA cross signal triggers when the number of candles of the same color is above the MA.
MA Directional Table"MA Directional Table" primary objective is to analyze the direction of the trend based on two Moving Averages (MA) for various timeframes and customizing the inputs to match your preferred style.
Features:
Moving Average Type: You can select which type of Moving Average to use (SMA, EMA, VWMA).
Moving Average Lengths: You can set the lengths for the short-term and long-term moving averages.
Table Position: The indicator provides a table which can be placed at the top or bottom, and to the left or right of the chart. It shows the trend status for multiple timeframes (1 min, 5 min, 15 min, 1 hour, 4 hours, 1 day).
Table Orientation: The table can be oriented either horizontally or vertically.
Price Condition: Optionally, the table color can be set to yellow if the current price deviates from the Moving Average trend and crosses MA1.
Cloud Settings: You can opt to show a cloud between the two moving averages. The color of the cloud changes based on the direction of the trend (bullish or bearish).
Extra MA: Optionally, an extra Moving Average can be plotted on the chart.
Super Cloud Support and Resistance Signal [5ema]This indicator can supply the trending and signal.
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How to calculate?
The cloud be create by the min/max of the EMA lines:
+ (avg(EMA(source, 20), EMA(source, 50), EMA(source, 200), EMA(source, 460), EMA(source, 610))
+ with source = high / low / open and close.
The signal bar is a reversal candle pattern such as engulfing, hammer, ....
For avoid to against the trend, use the number left bars are completely above or below the cloud.
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How to set up?
Input the number left bars to get the number left bars are completely above or below the cloud. Its purpose is avoid to get signal against the trend. Can set it bigger than 2.
Can filter the signal only buy or only sell to follow the current trend.
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How to use?
Refer the trend cloud:
Can refer the signal:
Make an alert when signal appear.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
Reversal Signal [5ema]This indicator can find a reversal point when the price is oversold, the breakout is far from the EMA.
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How to calculate?
Find the minimum (maximum) value on five EMAs: 20, 50, 200, 460, 610.
Calculate the number left bars with condition that is completely above (below) the min (max) EMA line.
The signal bar is Engulfing bar.
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How to appear signal?
Have signal bar cross the min (max) EMA line.
The number left bars that is completely above (below) the min (max) EMA line greater than inputting.
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How to use?
Can change the value of EMAs to suitable with symbols and strategy.
Can change the number left bars to suitable with symbols and strategy.
Can see the trend cloud to recognize the trending.
Review a strategy when appear the signal on chart.
Make the alert when appear the signal.
Can choose only Buy or Sell signal.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
13E2113E21 is a strategy based on the concept of "Buy-on-Dip" and "Sell-on-Rise". The strategy is built around the concept that as the market starts trending in a particular direction it will give a retrace to it's 13 exponential moving average price and then continue in it's trend thus forming higher lows (or lower highs) in the process.
The indicator 13E21 helps determine the 2 EMAs (13 and 21) and also highlights the candle that touches either EMAs and closes accordingly.
The edge in the code is that it makes use of the difference between the two EMAs as a signal of the market trending. It will trigger an entry only when the difference between the two EMAs is greater than 0.02% thus implying that the market is actually trending and not consolidating.
The indicator will give bullish triggers only when the price touches 13EMA or 21EMA, the closing price is greater than 13EMA and the difference between 13EMA and 21EMA is greater than 0.02% or 10 points.
Similarly, the indicator will give bearish triggers only when the price touches 13EMA or 21EMA, the closing price is less than 13EMA and the difference between 13EMA and 21EMA is greater than 0.02% or 10 points.
Custom EMA from X Days AgoThis is an indicator to plot the selected EMA value from X days ago on today's candle.
Or it will helps to plot the previous candle's EMA value on current candle.
EMA Deviation ReboundThe " EMA Deviation Rebound " indicator I've created utilizes calculations involving the standard deviation of closing prices and exponential moving averages (EMA) to generate a line. The color of this line changes based on whether the EMA value is above or below the current closing price. This can be interpreted as an indicator for potential buy or sell signals:
Buy Signal: If the price crosses the indicator from bottom to top, this can be considered a buy signal. This could indicate that the price has overcome a resistance and a potential upward movement may be forthcoming.
Sell Signal: If the price crosses the indicator from top to bottom, this could serve as a sell signal. This might suggest that the price has broken a support downward and possibly indicates an impending downward movement.
The indicator is named "EMA Deviation Rebound" because I use it to identify potential resistance and support levels. When the price rebounds at the indicator, this could signify a price movement in the opposite direction.
It's important to use such indicators in conjunction with other analysis techniques and market information to make informed trading decisions.
Magic Trend By Market Mindset - Zero To EndlessMagic Trend indicator is an indicator combining the Commodity Channel Index (CCI) and the Average True Range (ATR) indicators.
The indicator is represented by a line that turns red when CCI readings are below 0 and converts to blue when CCI reaches above 0.
Color of the line can be treated as a trend indicator.
When CCI > 0 (Blue Color), price is assumed to be in uptrend and a buying momentum could be seen.
When CCI < 0 (Red Color), price is assumed to be in downtrend and a selling pressure could be seen.
Two Multipliers of ATR have been used. Default values for multiploier are : 1.5 and 3.0
It tells about the volatality in the price and also helps in deciding Entry poits, Stop loss points and sometimes Exit points.
If trend magic lines are not straight and moving upward/downward, continuition of the trend is expected and so Holding the position is adviced.
If the farther line (line with multiplier 3.0) is broken, a trend reversal can be seen soon.
In this case, squaring off and making reverse position is adviced near the other (1.5 mult) line.
If price is revolving in between these two lines... a sideways movement is expected.
Happy Trading
Market Mindset
EMA Angle Trend StrengthEATS is an innovative indicator that calculates the slope of the exponential moving average (EMA) over a defined number of candles, presenting this on a scale of 0 to 100.
Users can individually adjust the length of the EMA and the precision of slope calculation. For the EMA length, users can specify the number of candles used for the EMA calculation. In terms of precision, the user can define the number of candles over which the slope calculation takes place.
The EATS indicator uses a mathematical function to calculate the angle of slope of the EMA. The resulting slope is converted into degrees and then portrayed on a scale of 0 to 100 using the "eats" function.
This indicator can be a useful tool for traders looking to evaluate a market's momentum and identify potential trend shifts. It allows you to visualize the strength a trend based on the angle of the EMA slope, offering a complementary perspective to traditional price and volume indicators.
Please note that as with all indicators, the EATS indicator should not be used as a standalone trading tool. It should always be used in combination with other technical analyses and/or fundamental analyses to make the most informed trading decisions.
Buy/Sell EMA CandleThis indicator is designed to display various technical indicators, candle patterns, and trend directions on a price chart. Let's break down the code and explain its different sections:
Exponential Moving Averages (EMA):
The code calculates and plots five EMAs of different lengths (13, 21, 55, 90, and 200) on the price chart. These EMAs are used to identify trends and potential crossovers.
Engulfing Candle Patterns:
The code identifies and highlights potential bullish and bearish engulfing candle patterns. It checks if the current candle's body size is larger than the combined body sizes of the previous and subsequent four candles. If this condition is met, it marks the pattern on the chart.
s3.tradingview.com
EMA Crossovers:
The code identifies and highlights points where the shorter EMA (ema1) crosses above or below the longer EMA (ema2). It plots circles to indicate these crossover points.
Candle Direction and RSI Trend:
The code determines the trend direction of the last candle based on whether it closed higher or lower than its open price. It also calculates the RSI (Relative Strength Index) and determines its trend direction (overbought, oversold, or neutral) based on predefined thresholds.
s3.tradingview.com
Table Display:
The code creates a table displaying trend directions for different timeframes (monthly, weekly, daily, 4-hour, and 1-hour) for candle direction and RSI trends. The trends are labeled with "L" for long, "S" for short, and "N/A" for not applicable.
High Volume Bars (HVB):
The code identifies and colors bars with above-average volume as either bullish or bearish based on whether the price closed higher or lower than it opened. The color and conditions for high volume bars can be customized.
s3.tradingview.com
Doji Candle Pattern:
The code identifies and marks doji candle patterns, where the open and close prices are very close to each other within a certain percentage of the candle's high-low range.
RSI-Based Candle Coloring:
The code adjusts the color of the candles based on the RSI value. If the RSI value is above the overbought threshold or below the oversold threshold, the candles are colored yellow.
Usage and Interpretation:
Traders can use this indicator to identify potential trend changes based on EMA crossovers and candle patterns like engulfing and doji.
The RSI trend direction can provide additional insight into potential overbought or oversold conditions.
High volume bars can indicate potential price reversals or continuation patterns.
The table provides an overview of trend directions on different timeframes for both candle direction and RSI trends.
Keep in mind that this is a complex indicator with multiple features. Users should carefully evaluate its performance and consider combining it with other indicators and analysis methods for more accurate trading decisions.
The table is designed to provide a consolidated view of trend directions and other indicators across multiple timeframes. It is displayed on the chart and organized into rows and columns. Each row corresponds to a specific aspect of analysis, and each column corresponds to a different timeframe.
Here's a breakdown of the components of the table:
Row 1: Separation.
Row 2 (Header Row): This row contains the headers for the columns. The headers represent the different timeframes being analyzed, such as Monthly (M), Weekly (W), Daily (D), 4-hour (4h), and 1-hour (1h).
Row 3 (Content Row): This row contains labels indicating the types of information being displayed in the columns. The labels include "T" for Trend, "C" for Current Candle, and "R" for RSI Trend.
Row 4 and Onwards: These rows display the actual data for each aspect of analysis across different timeframes.
For each aspect of analysis (Trend, Current Candle, RSI Trend), the corresponding rows display the following information:
Monthly (M): The trend direction for the given aspect on the monthly timeframe.
Weekly (W): The trend direction for the given aspect on the weekly timeframe.
Daily (D): The trend direction for the given aspect on the daily timeframe.
4-hour (4h): The trend direction for the given aspect on the 4-hour timeframe.
1-hour (1h): The trend direction for the given aspect on the 1-hour timeframe.
The trend directions are represented by labels such as "L" for Long, "S" for Short, or "N/A" for Not Applicable.
The table's purpose is to provide a quick overview of trend directions and related information across multiple timeframes, aiding traders in making informed decisions based on the analysis of trend changes and other indicators.
Naresh CE with 13 62 crossThank you to Lauris, for sharing knowledge and logic for the EMA cross-over (13/62).
The provided Pine Script is a custom script, which is designed to display Chandelier Exit levels on the price chart and generate buy and sell labels based on specific conditions.
Here's a breakdown of the key components and logic of the Pine Script:
Exponential Moving Averages (EMAs):
ema1: The 13-period Exponential Moving Average (EMA) of the closing price.
ema2: The 62-period Exponential Moving Average (EMA) of the closing price.
EMA Plotting:
The script plots the ema1 (13 EMA) and ema2 (62 EMA) lines on the price chart using the plot() function.
Chandelier Exit Calculation:
The Chandelier Exit values are calculated using the Average True Range (ATR).
The script calculates the atr (Average True Range) using the atr() function with the given length.
longStop is calculated as the highest price of the specified length minus the ATR, and shortStop is calculated as the lowest price plus the ATR.
Directional Indicator (dir):
The dir variable is used to determine the direction of the Chandelier Exit based on the comparison of the current close price with the previous long and short stops.
Buy and Sell Signals:
The script generates buy signals when the Chandelier Exit direction changes from short to long (buySignal).
Similarly, sell signals are generated when the Chandelier Exit direction changes from long to short (sellSignal).
The conditions for buy and sell signals are based on the value of dir and its previous value.
Buy and Sell Labels:
Buy and sell labels are plotted on the chart using plotshape() based on the generated buy and sell signals.
The showLabels input parameter controls whether to display the buy and sell labels.
Highlighting States:
The script fills the chart area with color (green for long, red for short) based on the direction of the Chandelier Exit values.
The highlightState input parameter controls whether to apply this highlighting.
Alerts:
The script includes alert conditions based on the direction change (changeCond), buy signal (buySignal), and sell signal (sellSignal) using the alertcondition() function.
The script aims to help traders identify potential buy and sell signals based on the Chandelier Exit levels derived from the 13 EMA and 62 EMA crossovers. The Chandelier Exit values can serve as dynamic stop-loss levels for long and short positions.
Bar Color Long / Short Indicator With Advised SL Rev 1This is the Revised Version of Bar Color Long / Short Indicator With Advised SL with some extra features
Overview
This script is a trading indicator named "Bar Color Long / Short Indicator With Advised SL" designed for the TradingView platform. The indicator's primary purpose is to provide entry signals for long and short positions, based on various technical analysis methods. Additionally, the indicator suggests stop-loss levels for both long and short positions.
User Inputs
The indicator has several user inputs, such as:
Length
Smoothing
Multiplier
Show bar colors (ON/OFF)
When the bar colors are turned off, the alert signals for long and short positions will be displayed instead.
Custom Risk Calculation
The script calculates a custom risk level based on a modified version of the RSI (Relative Strength Index) formula. The custom risk level is divided into three categories: low, medium, and high.
Sentiment Score Calculation
The indicator calculates a sentiment score based on a combination of methods resembling EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), and ROC (Rate of Change). The sentiment score is used to determine if the sentiment is positive or negative.
Bollinger Bands Percent and Combined Signal
The Bollinger Bands Percent is calculated, and the custom risk, sentiment score, and Bollinger Bands Percent are combined to generate a new signal. This signal is used in conjunction with EMA10 to determine the bar colors and provide entry signals.
Bar Colors
Based on the combined signal and EMA10, the script determines the bar colors as follows:
Orange: Positive sentiment
Blue: Negative sentiment
Gray: Neutral
Entry Signals and Alerts
When the bar colors are turned off, the indicator displays large green arrow signals for long (buy) positions and red arrow signals for short (sell) positions based on the sentiment and EMA10 conditions. The script also includes alert conditions for long and short signals, which can be used to set up notifications when these signals are triggered in the TradingView platform.
Advised Stop-Loss Levels
The indicator plots stop-loss lines for both long and short positions at the last candle, accompanied by labels showing the advised stop-loss levels in numeric values
Rev 1
added / changed :
SMA50 slope check
EMA20 higher or lower than EMA10
color ON/OFF changed
Signal once Buy and Sell
Shifted EMAsJa verschobene EMAS halt lol.
Oder wie ChatGPT sagen würde:
The "Shifted EMAs" indicator on TradingView is a customizable tool that displays three Exponential Moving Averages (EMAs) on the chart. Users can adjust the EMA lengths and apply vertical shifts to the EMAs, enabling flexible analysis of trends and potential support/resistance levels. Each EMA is represented with distinct colors for easy differentiation, providing traders with valuable insights into price movements and aiding in making well-informed trading decisions.
Custom EMAsNow the indicator includes 10 different types of EMAs, each with a changeable length and selectable type. You can use the input settings to adjust the type and length for each EMA. The plot shows all 10 EMAs on the chart.
Trend Rainbow Moving Averages [TradeMaster Lite]The Trend Rainbow indicator is a simple technical analysis tool that uses moving averages to identify trends and potential buy and sell signals. It utilizes simple visualization techniques to present trend information in an intuitive, easily interpretable manner. This 21st-century tool is tailored for the modern trader who values both precision and simplicity.
The indicator uses our unique TRMA method to define short-term, intermediate, and long-term market trends. The TRMA (Trend Rainbow Moving Averages) is our own invention: a complex but flexible moving average matrix calculation that is designed to measure market trend direction, strength and shifting. Traders have the flexibility to choose from four types of moving average calculation bases to create a "rainbow".
👉 Example of usage:
General trend direction of the asset can be identified by looking at the slope of the rainbow. If the rainbow is generally pointing up, the asset is in an uptrend, if it is pointing down, the asset is in a downtrend. The indicator can also be used to assess the strength of a trend, identify potential resistance and support levels, and manage risk.
The Lite version of the indicator has 2 main trends to help you assess information about the direction and strength of asset's trend:
Intermediate trend: teal for bull trend, orange for bear trend.
Long-term trend: green for bull trend, red for bear trend.
Left side:
The image clearly shows that during the decline, the bearish intermediate trend was tested multiple times, acting as a resistance. This is a sign of weakness in the intermediate trend. The price did not have enough strength test the long-term trend yet, which is a sign that the long-term trend is still bearish.
Right side:
The intermediate trend first turned into neutral, then bullish. This is a sign of strength in the short-term and medium-term trends. This strength did not weaken and eventually. By maintaining the bullish intermediate trend, the long term trend was able to turn bullish again and a strong uptrend is now unfolding. This is a sign that the long-term trend is changing to bullish.
The Trend Rainbow also helps in risk management. On the right side of the chart the price is making a very steep move and both the intermediate and long-term trends are very far away from the current price. This shows us potential risk and the possibility of a deeper pullback. Trend edges can be used as potential entries or targets, depending on the situation.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Remember that the example presented highlights how the Trend Rainbow indicator can be used. However, like all indicators, it is not a definitive market predictor. Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
CCI+EMA Strategy with Percentage or ATR TP/SL [Alifer]This is a momentum strategy based on the Commodity Channel Index (CCI), with the aim of entering long trades in oversold conditions and short trades in overbought conditions.
Optionally, you can enable an Exponential Moving Average (EMA) to only allow trading in the direction of the larger trend. Please note that the strategy will not plot the EMA. If you want, for visual confirmation, you can add to the chart an Exponential Moving Average as a second indicator, with the same settings used in the strategy’s built-in EMA.
The strategy also allows you to set internal Stop Loss and Take Profit levels, with the option to choose between Percentage-based TP/SL or ATR-based TP/SL.
The strategy can be adapted to multiple assets and timeframes:
Pick an asset and a timeframe
Zoom back as far as possible to identify meaningful positive and negative peaks of the CCI
Set Overbought and Oversold at a rough average of the peaks you identified
Adjust TP/SL according to your risk management strategy
Like the strategy? Give it a boost!
Have any questions? Leave a comment or drop me a message.
CAUTIONARY WARNING
Please note that this is a complex trading strategy that involves several inputs and conditions. Before using it in live trading, it is highly recommended to thoroughly test it on historical data and use risk management techniques to safeguard your capital. After backtesting, it's also highly recommended to perform a first live test with a small amount. Additionally, it's essential to have a good understanding of the strategy's behavior and potential risks. Only risk what you can afford to lose .
USED INDICATORS
1 — COMMODITY CHANNEL INDEX (CCI)
The Commodity Channel Index (CCI) is a technical analysis indicator used to measure the momentum of an asset. It was developed by Donald Lambert and first published in Commodities magazine (now Futures) in 1980. Despite its name, the CCI can be used in any market and is not just for commodities. The CCI compares current price to average price over a specific time period. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, fall between -100 and +100, about 25% of the values fall outside this range, indicating a lot of weakness or strength in the price movement.
The CCI was originally developed to spot long-term trend changes but has been adapted by traders for use on all markets or timeframes. Trading with multiple timeframes provides more buy or sell signals for active traders. Traders often use the CCI on the longer-term chart to establish the dominant trend and on the shorter-term chart to isolate pullbacks and generate trade signals.
CCI is calculated with the following formula:
(Typical Price - Simple Moving Average) / (0.015 x Mean Deviation)
Some trading strategies based on CCI can produce multiple false signals or losing trades when conditions turn choppy. Implementing a stop-loss strategy can help cap risk, and testing the CCI strategy for profitability on your market and timeframe is a worthy first step before initiating trades.
2 — AVERAGE TRUE RANGE (ATR)
The Average True Range (ATR) is a technical analysis indicator that measures market volatility by calculating the average range of price movements in a financial asset over a specific period of time. The ATR was developed by J. Welles Wilder Jr. and introduced in his book “New Concepts in Technical Trading Systems” in 1978.
The ATR is calculated by taking the average of the true range over a specified period. The true range is the greatest of the following:
The difference between the current high and the current low.
The difference between the previous close and the current high.
The difference between the previous close and the current low.
The ATR can be used to set stop-loss orders. One way to use ATR for stop-loss orders is to multiply the ATR by a factor (such as 2 or 3) and subtract it from the entry price for long positions or add it to the entry price for short positions. This can help traders set stop-loss orders that are more adaptive to market volatility.
3 — EXPONENTIAL MOVING AVERAGE (EMA)
The Exponential Moving Average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points.
The EMA is calculated by taking the average of the true range over a specified period. The true range is the greatest of the following:
The difference between the current high and the current low.
The difference between the previous close and the current high.
The difference between the previous close and the current low.
The EMA can be used by traders to produce buy and sell signals based on crossovers and divergences from the historical average. Traders often use several different EMA lengths, such as 10-day, 50-day, and 200-day moving averages.
The formula for calculating EMA is as follows:
Compute the Simple Moving Average (SMA).
Calculate the multiplier for weighting the EMA.
Calculate the current EMA using the following formula:
EMA = Closing price x multiplier + EMA (previous day) x (1-multiplier)
STRATEGY EXPLANATION
1 — INPUTS AND PARAMETERS
The strategy uses the Commodity Channel Index (CCI) with additional options for an Exponential Moving Average (EMA), Take Profit (TP) and Stop Loss (SL).
length : The period length for the CCI calculation.
overbought : The overbought level for the CCI. When CCI crosses above this level, it may signal a potential short entry.
oversold : The oversold level for the CCI. When CCI crosses below this level, it may signal a potential long entry.
useEMA : A boolean input to enable or disable the use of Exponential Moving Average (EMA) as a filter for long and short entries.
emaLength : The period length for the EMA if it is used.
2 — CCI CALCULATION
The CCI indicator is calculated using the following formula:
(src - ma) / (0.015 * ta.dev(src, length))
src is the typical price (average of high, low, and close) and ma is the Simple Moving Average (SMA) of src over the specified length.
3 — EMA CALCULATION
If the useEMA option is enabled, an EMA is calculated with the given emaLength .
4 — TAKE PROFIT AND STOP LOSS METHODS
The strategy offers two methods for TP and SL calculations: percentage-based and ATR-based.
tpSlMethod_percentage : A boolean input to choose the percentage-based method.
tpSlMethod_atr : A boolean input to choose the ATR-based method.
5 — PERCENTAGE-BASED TP AND SL
If tpSlMethod_percentage is chosen, the strategy calculates the TP and SL levels based on a percentage of the average entry price.
tp_percentage : The percentage value for Take Profit.
sl_percentage : The percentage value for Stop Loss.
6 — ATR-BASED TP AND SL
If tpSlMethod_atr is chosen, the strategy calculates the TP and SL levels based on Average True Range (ATR).
atrLength : The period length for the ATR calculation.
atrMultiplier : A multiplier applied to the ATR to set the SL level.
riskRewardRatio : The risk-reward ratio used to calculate the TP level.
7 — ENTRY CONDITIONS
The strategy defines two conditions for entering long and short positions based on CCI and, optionally, EMA.
Long Entry: CCI crosses below the oversold level, and if useEMA is enabled, the closing price should be above the EMA.
Short Entry: CCI crosses above the overbought level, and if useEMA is enabled, the closing price should be below the EMA.
8 — TP AND SL LEVELS
The strategy calculates the TP and SL levels based on the chosen method and updates them dynamically.
For the percentage-based method, the TP and SL levels are calculated as a percentage of the average entry price.
For the ATR-based method, the TP and SL levels are calculated using the ATR value and the specified multipliers.
9 — EXIT CONDITIONS
The strategy defines exit conditions for both long and short positions.
If there is a long position, it will be closed either at TP or SL levels based on the chosen method.
If there is a short position, it will be closed either at TP or SL levels based on the chosen method.
Additionally, positions will be closed if CCI crosses back above oversold in long positions or below overbought in short positions.
10 — PLOTTING
The script plots the CCI line along with overbought and oversold levels as horizontal lines.
The CCI line is colored red when above the overbought level, green when below the oversold level, and white otherwise.
The shaded region between the overbought and oversold levels is plotted as well.
Multiple Exponential Moving AveragesThe "Multiple Exponential Moving Averages" indicator is a custom technical analysis tool created for TradingView. It combines five different Exponential Moving Averages (EMAs) into a single indicator. Each EMA has a user-defined length, and they are plotted on the chart with different colors to differentiate them.
Exponential Moving Averages are commonly used in technical analysis to smooth out price data and identify trends. They give more weight to recent price data, making them more responsive to recent price changes than Simple Moving Averages (SMAs). By combining multiple EMAs with different lengths, TradingView users will no longer have to worry that they will run out of slots when wanting to add new indicators to their chart.
RSI-Volume Oscillator Quick Scalping By Akhilesh PatelTitle: RSI-Volume Oscillator Quick Scalping Indicator
Description:
The "RSI-Volume Oscillator Quick Scalping" is a powerful and versatile custom indicator designed for traders who engage in scalping strategies. This indicator combines the Relative Strength Index (RSI) with a Volume Oscillator to provide valuable insights into momentum and volume dynamics in the market. Traders can also select their preferred moving average types (SMA, EMA, or HMA) to further customize the indicator's behavior.
Key Features:
RSI and Volume Oscillator Fusion: The indicator blends the RSI and a custom Volume Oscillator to offer a comprehensive view of both price momentum and volume trends. This integration provides valuable signals for quick scalping opportunities.
Customizable Moving Averages: Traders can choose from three popular moving average types (SMA, EMA, or HMA) for further customization. This flexibility allows users to align the indicator with their preferred trading strategies.
Clear Visualization: The Combined RSI-Volume Oscillator is plotted as a solid blue line, while the three selected moving averages are represented by orange, purple, and green lines, respectively. The zero line, overbought, and oversold levels for RSI are also indicated for easy reference.
Quick Scalping Signals: The indicator helps traders spot potential buy and sell signals efficiently, making it ideal for quick scalping strategies in rapidly moving markets.
Usage Instructions:
Customize the indicator by selecting your preferred RSI length, Volume Oscillator length, and moving average type (SMA, EMA, or HMA).
Observe the Combined RSI-Volume Oscillator and moving averages for potential entry and exit points.
Look for crossovers between the Combined RSI-Volume Oscillator and the selected moving averages for buy and sell signals.
The overbought (70) and oversold (30) levels for RSI can be used to identify potential reversal points.
Important Note:
Test the indicator on historical data and demo accounts before using it in live trading to ensure it aligns with your trading strategy.
Understand that no indicator guarantees profits, and trading involves risk. Always use proper risk management and discipline when executing trades.
Overall, the "RSI-Volume Oscillator Quick Scalping" indicator is a valuable addition to any scalper's toolkit, providing comprehensive insights into momentum and volume dynamics to enhance trading decisions. Happy scalping!
CC Trend strategy 2- Downtrend ShortTrend Strategy #2
Indicators:
1. EMA(s)
2. Fibonacci retracement with a mutable lookback period
Strategy:
1. Short Only
2. No preset Stop Loss/Take Profit
3. 0.01% commission
4. When in a profit and a closure above the 200ema, the position takes a profit.
5. The position is stopped When a closure over the (0.764) Fibonacci ratio occurs.
* NO IMMEDIATE RE-ENTRIES EVER!*
How to use it and what makes it unique:
This strategy will enter often and stop quickly. The goal with this strategy is to take losses often but catch the big move to the downside when it occurs through the Silvercross/Fibonacci combination. This is a unique strategy because it uses a programmed Fibonacci ratio that can be used within the strategy and on any program. You can manipulate the stats by changing the lookback period of the Fibonacci retracement and looking at different assets/timeframes.
This description tells the indicators combined to create a new strategy, with commissions and take profit/stop loss conditions included, and the process of strategy execution with a description of how to use it. If you have any questions feel free to PM me and boost if you found it helpful. Thank you, pineUSERS!
CHEATCODE1
Buy Only Strategy with Dynamic Re-Entry and ExitThe strategy aims to create a simple buy-only trading system based on moving average crossovers and the Weekly Commodity Channel Index (CCI) or Weekly Average Directional Index (ADX). It generates buy signals when the fast-moving average crosses above the slow-moving average and when the Weekly CCI and or Weekly ADX meet the specified conditions.
The strategy also allows for dynamic re-entry, which means it can open new long positions if the price goes above the three moving averages after an exit. However, the strategy will exit the long position if the price closes below the third moving average.
ENTRY CONDITIONS
The script defines the conditions for generating buy signals. It checks for two conditions for a valid buy signal:
• If the fast-moving average crosses above the slow-moving average -THERE IS Dynamic Re-Entry also
• If the user chooses HE OR SHE CAN FILTER TRADES BY USING CCI OR ADX
Dynamic Re-Entry:
the script allows for dynamic re-entry. If there is no active long position and the price is above all three moving averages a new long position is opened.
Exit Conditions
The script defines the exit condition for closing a long position. If the price closes below the third moving average, the script closes the long position.
IMPORTANT NOTICE
ONLY DAILY TIME FRAME
THERE WOULD BE WHIPSAW USE YOUR OWN ACCUMEN TO MINIMISE THEM
ITS ONLY BUY STRATEGY
EXIT CAN BE STRATEGY BASED OR SET PROFIT AND TARGETS AS PER RISK APETITE /RISK MANAGEMENT
DONT TRADE OPTIONS ON THIS
SUITABLE FOR STOCKS OF USA AND INDIAN MARKETS
ALWAYS REMEMBER TO DO YOUR OWN RESEARCH BEFORE TRADING AND INVESTING
Dee EMA 5.0
1. Indicator Features:
- The indicator can plot four different sets of EMA on a chart.
- The EMA values can be displayed on the chart with their respective names (e.g., ema9, ema20, etc.).
- The indicator allows customization of the EMA values.
2. Purpose of Dee_EMA 5.0:
- Dee_EMA 5.0 is a unique EMA indicator specially designed for traders to provide better insights and aid in trading decisions.
- The primary reason for building this indicator is to address the challenge of managing multiple time frames while using normal EMA tables.
- Traditional EMA tables might not show all EMA values across different time frames simultaneously, leading to time-consuming processes like shifting time frames and refreshing charts.
- Dee_EMA 5.0 solves this issue by displaying EMA values for different time frames in one table, allowing traders to make quick judgments without repeatedly changing time frames and refreshing charts.
3. Importance of Different Time Frame EMA Values:
- Different time frames EMA values are crucial in trading because they provide valuable insights into the market dynamics at various levels.
- When using shorter time frames (e.g., 1-minute), EMA values can help identify short-term trends, support, and resistance levels.
- On the other hand, using larger time frames (e.g., 5-minute or 15-minute) provides more data and increases the accuracy of EMA-based analysis, enabling traders to identify longer-term trends and potential price movements.
4. EMA Crossover Table:
- Traders often prefer a clutter-free chart without too many lines, but they still need access to EMA values for analysis.
- The EMA table and EMA crossover table serve this purpose by providing EMA values and EMA crossover information in a structured table format.
- With the EMA crossover table, traders can quickly check EMA values and crossovers across different time frames without having to switch time frames repeatedly, saving time and facilitating faster decision-making during trading.
In summary, Dee_EMA 5.0 is an EMA indicator designed to help traders efficiently analyze EMA values across different time frames, allowing for faster and more informed trading decisions. The EMA crossover table provides additional convenience by presenting EMA crossovers without cluttering the chart.
Moving Average Exponential Angle DetectionMoving Average exponential angle detection use to find the angle of moving average so we can take trade according to our strategy.
Hope you like this.
Thanks and Regards,
TradingTail
