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Moving_average

Rainbow Moving AverageA Rainbow Moving Average script. There are many like it, but this one is mine. It is designed to be easy to read without too much noise in the number of lines and shading, with the moving average to be some of the commonly used ones. Using commonly referenced moving average values help us to understand "the crowd" and what moving average or trend lines they might be looking at. The default values are derived from hourly charts, but work well on any time frame. The moving average function is simple to change so you can use it for any moving average type that you like, including volume-weighted. Inspired by my daughter's love of rainbows, she has approved the colors.
Pine Script™ indicator
by jocull
Rekt Edge Reversion BandRekt Edge Reversion band is a technical indicator that utilizes a combination of moving averages and standard deviations to determine optimal entry and exit points in the market. By comparing the current price to its moving average, the indicator identifies potential trends and determines how you can position around them by plotting buy/sell signals and two channels based on user input parameters. The user can choose between Simple Moving Average ( SMA ) or Exponential Moving Average ( EMA ) and select the moving average period, the unit of separation, the multiples of the unit, and other important parameters. The indicator's inputs can be adjusted to suit different trading styles, and it can be used on any time frame. The indicator can be used to identify potential trend reversals or breakouts (or breakdowns) when the price moves outside of the channels. The indicators potential use cases include identifying overbought or oversold conditions. With its ability to provide a clear signal on when to enter and exit a trade, this indicator is a popular tool among traders looking to make more informed and profitable trading decisions. This indicator can also be used in conjunction with other technical analysis tools to confirm or invalidate trading signals.
Pine Script™ indicator
by RektCapDao
2
Customizable Moving Average RibbonThis indicator is a highly customizable moving average ribbon with some unique features. This script can utilize multiple unique sources, including a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the MA ribbon. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created. This is highly useful for quickly identifying consolidation areas or overall flat price movement. There are two methods for selecting the box size when utilizing the renko source. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box size is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.18, you would round that number to 0.2 and utilize this as your traditional box size. The MA ribbon contains eleven adjustable moving average lines. Users can choose to turn off as many as they would like. Users can also adjust the length of the individual moving averages and the source for all moving averages. There are nine types of moving averages to choose from for the ribbon. The MA options are: Exponential Moving Average = 'EMA' Double Exponential Moving Average= 'DEMA' Triple Exponential Moving Average = 'TEMA' Simple Moving Average = 'SMA' Relative Moving Average = 'RMA' Volume Weighted Moving Average = 'VWMA' Weighted Moving Average = 'WMA' Smoothed Simple Moving Average = 'SSMA' Hull Moving Average = 'HULL' We believe that the ribbons features, including the line color change, help quickly identify trends and give users optimum customization. Users can select from five different color schemes including: Green/Red Purple/White White/Blue Silver / Orange Teal/ Orange
Pine Script™ indicator
by LeafAlgo
MA Band Distance Monitor'MA Band Distance Monitor' indicator is a simple tool for traders who rely on moving averages to make trading decisions. This indicator plots two moving averages of your choice (you can select the type of the moving average), and fills the space between them, creating a "band". The indicator also generates a table that displays the current price distance from both the fast and slow moving averages, as well as the average of the two. This allows you to quickly assess the strength of the trend and potential entry or exit points. In addition, the table also shows the average price distance from one to another MA and also the current distance between them, allowing you to compare the current price action to the historical average. This information can help you identify potential trend reversals and assess the overall health of the market. *** Slow length input must be greater than fast length input, otherwise indicator will produce faulty results
Pine Script™ indicator
by HasanRifat
10
VHF Adaptive Linear Regression KAMAIntroduction Heyo, in this indicator I decided to add VHF adaptivness, linear regression and smoothing to a KAMA in order to squeeze all out of it. KAMA: Developed by Perry Kaufman, Kaufman's Adaptive Moving Average (KAMA) is a moving average designed to account for market noise or volatility. KAMA will closely follow prices when the price swings are relatively small and the noise is low. KAMA will adjust when the price swings widen and follow prices from a greater distance. This trend-following indicator can be used to identify the overall trend, time turning points and filter price movements. VHF: Vertical Horizontal Filter (VHF) was created by Adam White to identify trending and ranging markets. VHF measures the level of trend activity, similar to ADX DI. Vertical Horizontal Filter does not, itself, generate trading signals, but determines whether signals are taken from trend or momentum indicators. Using this trend information, one is then able to derive an average cycle length. Linear Regression Curve: A line that best fits the prices specified over a user-defined time period. This is very good to eliminate bad crosses of KAMA and the pric. Usage You can use this indicator on every timeframe I think. I mostly tested it on 1 min, 5 min and 15 min. Signals Enter Long -> crossover(close, kama) and crossover(kama, kama ) Enter Short -> crossunder(close, kama) and crossunder(kama, kama ) Thanks for checking this out! -- Credits to ▪️@cheatcountry – Hann Window Smoohing ▪️@loxx – VHF and T3 ▪️@LucF – Gradient
Pine Script™ indicator
by simwai
2
Setup Max e Min Larry WilliansLarry Williams used this system to win the trading championship Hello friends, I bring a script with a trading strategy to be used in futures such as Index, Forex and Commodities. Developed by famous trader Larry Williams. In them we use two 3-period Simple Moving Averages (Arithmetic) (one with the high price, the other with the low price), and a 21-period Moving Average (Arithmetic) to determine the trend. This will form an average channel with the prices of the maximums and minimums of the last three candles. Best time charts use the strategy: from 5 minutes to 60 minutes. This strategy is quite simple. The 21 Moving Average will color according to the trend (Green for bullish, Red for bearish and Gray for transitions). The Script will signal the entry according to the trend by the colors of the candles and also by the signal: When green, the buy will be on the crossing of the lower Moving Average crossing the candlestick, and the exit will be on the crossing of the candlestick on the next Upper Moving Average. When red, the sell will be at the crossing of the Upper Moving Average crossing the candlestick, and the exit will be at the crossing of the candlestick on the next Lower Moving Average. When the Script signals the candle with a purple X, it means that the trend is changing and the entire open operation must be closed. This system has no Stop, so be careful when using it. Na linguagem do autor: Larry Williams usou esse sistema ganhar campeonato de trade Olá amigos, trago um script com uma estratégia de trade pra ser usada em futuros como Índice, Forex e Commodities. Desenvolvido pelo famoso trader Larry Willians. Neles usamos duas Médias Móveis Simples (Aritmética) de 3 períodos (uma com o preço da máxima, outra com o preço da mínima), e uma Média Móvel (Aritmética) de 21 períodos para determinar a tendência. Nisso vai formar uma canal de médias com os preços das máximas e mínimas dos últimos três candles. Melhores tempos gráficos usar a estratégia: de 5 minutos até 60 minutos. Essa estratégia é bem simples. A Média Móvel de 21 irá colorir de acordo com a tendência (Green pra alta, Red para baixa e Gray para transições). O Script irá sinalizar a entrada de acordo com a tendência pela cores dos candles e também pela sinalização: Quando green, a compra será no cruzamento da Média Móvel inferior cruzando o candle, e a saida será no cruzamento do candle na Média Móvel Superior seguinte. Quando red, a venda será no cruzamento da Média Móvel Superior cruzando o candle, e a saida será no cruzamento do candle na Média Móvel Inferior seguinte. Quando o Script sinaliza o candle com X purple, significa que a tendência está em mudança e deve ser fechada toda a operação em aberto. Este sistema não possui Stop, portando cuidado quanto a seu uso.
Pine Script™ indicator
by Cavuca-Trader
3
Fibonacci Step IndicatorThe Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator. The indicator uses the formula for the first twelve Fibonacci numbers on highs and lows so that it creates a moving support/resistance zone. Afterwards, the zone is stabilized by taking the highest highs of the upper indicator and the lowest lows of the lower indicator part. The indicator is used as a trend following way. It can be compared to the Ichimoku Kinko Hyo cloud (without the future projection). The zone form a support and resistance area. During ranging periods, the market will fluctuate within the area which is a bad time to follow the trend (if any).
Pine Script™ indicator
by Sofien-Kaabar
2
Power Indicator - EMAs + VWAP + Volume BarThe Power Indicator is intended to return some exponential moving average, vwap, volume bar, and others. With this compilation, you will be able to use them as one indicator in Trading View. The components are: - EMA9 - Exponential Moving Average of 9 days - EMA21 - Exponential Moving Average of 21 days - EMA50 - Exponential Moving Average of 50 days - EMA200 - Exponential Moving Average of 200 days - Volume Bar - This indicator provides the volume of the candle and its strength by showing different colors. It's a way to check expressive volume in one bar. - Vwap line - Indicator If you have any questions, let me know!
Pine Script™ indicator
by Trading_Bites
4
Colored Moving Averages With Close Signals[Whvntr][TradeStation]Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends" . I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a Sell label at the start of that MA trend. Likewise: each time the current bar closes below the MA, while it's white (bullish), there's a Buy label at the beginning of that MA trend. You can now, also, easily see which MA you are selecting by hovering your cursor over the tooltips icon. I've included a modified Hull MA as default because I've found this SMA combination with the WMA to be a very smooth oscillation. I've also added some different types of MA's. Colored moving averages are helpful to determine when a trend may be reversing. MA's ‎1 · Modified Hull MA: (SMA of the WMAs Hull Formula) 2 · Hull MA 3 · Exponential Moving Average 4 · Weighted Moving Average 5 · RMA Moving Average used in RSI 6 · Volume Weighted MA 7 · Simple Moving Average This indicator isn't endorsed as a guarantee of future, favorable, results.
Pine Script™ indicator
by whvntr
11
Library_SmoothersLibrary "Library_Smoothers" CorrectedMA(Src, Len)   CorrectedMA The strengths of the corrected Average (CA) is that the current value of the time series must exceed a the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals when the trend is in a weak phase.   Parameters:      Src      Len   Returns: The Corrected source. EHMA(src, len)   EMA Exponential Moving Average.   Parameters:      src : Source to act upon      len   Returns: EMA of source FRAMA(src, len, FC, SC)   FRAMA Fractal Adaptive Moving Average   Parameters:      src : Source to act upon      len : Length of moving average      FC : Fast moving average      SC : Slow moving average   Returns: FRAMA of source Jurik(src, length, phase, power)   Jurik A low lag filter   Parameters:      src : Source      length : Length for smoothing      phase : Phase range is ±100      power : Mathematical power to use. Doesn't need to be whole numbers   Returns: Jurik of source SMMA(src, len)   SMMA Smoothed moving average. Think of the SMMA as a hybrid of its better-known siblings — the simple moving average (SMA) and the exponential moving average (EMA).   Parameters:      src : Source      len   Returns: SMMA of source SuperSmoother(src, len)   SuperSmoother   Parameters:      src : Source to smooth      len   Returns: SuperSmoother of the source TMA(src, len)   TMA Triangular Moving Average   Parameters:      src : Source      len   Returns: TMA of source TSF(src, len)   TSF Time Series Forecast. Uses linear regression.   Parameters:      src : Source      len   Returns: TSF of source VIDYA(src, len)   VIDYA Chande's Variable Index Dynamic Average. See www.fxcorporate.com   Parameters:      src : Source      len   Returns: VIDYA of source VAWMA(src, len, startingWeight, volumeDefault)   VAWMA = VWMA and WMA combined. Simply put, this attempts to determine the average price per share over time weighted heavier for recent values. Uses a triangular algorithm to taper off values in the past (same as WMA does).   Parameters:      src : Source      len : Length      startingWeight      volumeDefault : The default value to use when a chart has no volume.   Returns: The VAWMA of the source. WWMA(src, len)   WWMA Welles Wilder Moving Average   Parameters:      src : Source      len   Returns: The WWMA of the source ZLEMA(src, len)   ZLEMA Zero Lag Expotential Moving Average   Parameters:      src : Source      len   Returns: The ZLEMA of the source SmootherType(mode, src, len, fastMA, slowMA, offset, phase, power, startingWeight, volumeDefault, Corrected)   Performs the specified moving average   Parameters:      mode : Name of moving average      src : the source to apply the MA type      len      fastMA : FRAMA fast moving average      slowMA : FRAMA slow moving average      offset : Linear regression offset      phase : Jurik phase      power : Jurik power      startingWeight : VAWMA starting weight      volumeDefault : VAWMA default volume      Corrected   Returns: The MA smoothed source
Pine Script™ library
by Koalems
Strategija TrioThis is a Primo #4 with extra ADX condition to avoid range bound enviroments. 1. ADX must be above 20 2. Price above 50 SMA for long and below 50 SMA for short settings. 3. Short EMA above Middle EMA 4. Pullback and 80 % bounce from Middle EMA within 2 bars Risk/reward ratio and fund management is eseential, I recomend at least 3/1 and no more than 3 %. Arrows depict the entry bars, Data window shows the Take profit and Stop loss prices Feel free to adjust it or use it on your own. This is not a financial advice.
Pine Script™ indicator
by Butec
Mean Reversion DotsMarkets tend to mean revert. This indicator plots a moving average from a higher time frame (type of MA and length selectable by the user). It then calculates standard deviations in two dimensions: - Standard deviation of move of price away from this moving average - Standard deviations of number of bars spent in this extended range The indicator plots a table in the upper right corner with the % of distance of price from the moving average. It then plots 'mean reversion dots' once price has been 1 or more standard deviations away from the moving average for one or more standard deviations number of bars. The dots change color, becoming more intense, the longer the move persists. Optionally, the user can display the standard deviations in movement away from the moving average as channels, and the user can also select which levels of moves they want to see. Opting to see only more extreme moves will result in fewer signals, but signals that are more likely to imminently result in mean reversion back to the moving average. In my opinion, this indicator is more likely to be useful for indices, futures, commodities, and select larger cap names. Combinations I have found that work well for SPX are plotting the 30min 21ema on a 5min chart and the daily 21ema on an hourly chart. In many cases, once mean reversion dots for an extreme enough move (level 1.3 or 2.2 and above) begin to appear, a trade may be initiated from a support/resistance level. A safer way to use these signals is to consider them as a 'heads up' that the move is overextended, and then look for a buy/sell signal from another indicator to initiate a position. Note: I borrowed the code for the higher timeframe MA from the below indicator. I added the ability to select type of MA.
Pine Script™ indicator
by mrmccraig
4
RedK K-MACD : a MACD with some more musclesMoving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about. MACD Basic concept ---------------------------- Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying here rather than being technically accurate - so please forgive the use of any "common lingos") - MACD goal is to represent the distance between 2 Moving Averages (MAs) - one fast and one slow, relatively - as an unrestricted zero-based oscillator. - The value of the main MACD line is the distance, or the displacement between the 2 MA's - usually a signal line is used (which is another MA of that distance value) to enable better visualization of the change (and rate of change, since this is all depicted on a time axis) of that displacement - this represents price momentum (price movement in the recent period versus movements for a relatively longer period). - the difference between the main MACD line and its signal is then represented as a histogram above and below the zero line. in this case, that histogram is really redundant, since it shows a value that is already represented visually by the main line and its signal line. How K-MACD is different --------------------------------- K-MACD takes that simple concept of the classic MACD and expands around it - the idea is to use the same simple approach to representing price momentum while bringing in more insight to price moves in the short, medium and long terms, ability to represent more than 2 MA's and to enable better identification of tradeable patterns (like Volatility Contraction and others) - while still keeping things simple and visually clean. K-MACD is an indicator that allows us to view how price moves against 3 moving averages: a fast / slow pair, and a "market" Filter or Baseline (very long) that will be used as a flag for Bear/Bull market mode. Many traders and trading literature use the 200 day (40 week) SMA as that key filter so in total, there are 4 MA lines in K-MACD (excluding the "orange" signal line): * Price Proxy: Which is a very fast moving average that will represent the price itself - let's use a WMA(3) or something close to that here - there will be a signal line to enable better visualization of this similar to a classic MACD - that's the orange line * Fast & Slow MA's : Use whatever represents the "medium term" momentum for your trading - Some traders use 20 and 50, others use 10 and 20 .. if on your price chart, you keep using a pair of MA's for this, use the same settings in K-MACD - these will be represented by the 3-color Momentum Bars that fluctuate above and below the baseline * Filter/Baseline MA: Should be your long (Bullish/Bearish Mode) MA. so 100 or 200 or any other value you consider your market to be bearish below and bullish above. on K-MACD this is actually the blue zero line - everything else is "relative" to it Review the sample chart which explains various elements and the "price chart" setup that K-MACD represents. With K-MACD you can clean up your chart from those various Moving Averages - or use a different set than the ones you already have K-MACD represent - or other indicators (like ATR channels..etc) Other "muscles" in the K-MACD --------------------------------------------- - Relative vs Classic Calculation Mode A key issue with the classic MACD is that the displacement between the 2 moving averages is represented as "absolute or direct" values - as the price of the underlying increases with time, you can't really use these values to make useful comparison between the past and now (see below example) - also you can't use them to compare 2 different instruments. - The "Relative" calculation option in K-MACD addresses that issue by relating all "distances" to the Baseline MA as percentage (above or below) - you can see this clear when you look at the above chart the far left versus the far right and compare K-MACD with the classic MACD - the Classic option is still available - More MA "type" options for all MA lines: choose between SMA, EMA, WMA, and RSS_WMA (which i use a lot in my trading and is my default for the Price Proxy) - More Alerts: a total or 9 alerts (in 3 groups) are available with K-MACD (Momentum above or below baseline, Price Proxy crossing signal line, and Price Proxy crossing baseline) - New 52 week High / Low markers: These will show as Green/red circles on the zero line in K-MACD. this will only work for 1D timeframe and above, i'm just using a simple approach and would like to keep it that way. - i know i added some more features not covered above :) -- if you have questions about any of the settings, feel free to ask below Closing thoughts ------------------------- K-MACD is a combination of couple of indicators i published in the past (xMACD and Mo_Bars) - so you can go back and read about them if needed - I then added improvements to accommodate ideas from swing trading literature and common practices that i plan to focus on in future. So K-MACD is really part of my own trading setup. I assume here that most traders are familiar with what a MACD is - so kept this post short - if you thing we should expand more about the concepts covered here let me know in the comments - i can make some separate posts with examples and more details. I hope many fellow traders find this work useful - and feel free let me know in comments below if you do.
Pine Script™ indicator
by RedKTrader
22
VWMA/SMA 3Commas BotThis strategy utilizes two pairs of different Moving Averages, two Volume-Weighted Moving Averages (VWMA) and two Simple Moving Averages (SMA). There is a FAST and SLOW version of each VWMA and SMA. The concept behind this strategy is that volume is not taken into account when calculating a Simple Moving Average. Simple Moving Averages are often used to determine the dominant direction of price movement and to help a trader look past any short-term volatility or 'noise' from price movement, and instead determine the OVERALL direction of price movement so that one can trade in that direction (trend-following) or look for opportunities to trade AGAINST that direction (fading). By comparing the different movements of a Volume-Weighted Moving Average against a Simple Moving Average of the same length, a trader can get a better picture of what price movements are actually significant, helping to reduce false signals that might occur from only using Simple Moving Averages. The practical applications of this strategy are identifying dominant directional trends. These can be found when the Volume Weighted Moving Average is moving in the same direction as the Simple Moving Average, and ideally, tracking above it. This would indicate that there is sufficient volume supporting an uptrend or downtrend, and thus gives traders additional confirmation to potentially look for a trade in that direction. One can initially look for the Fast VWMA to track above the Fast SMA as your initial sign of bullish confirmation (reversed for downtrending markets). Then, when the Fast VWMA crosses over the Slow SMA, one can determine additional trend strength. Finally, when the Slow VWMA crosses over the Slow SMA, one can determine that the trend is truly strong. Traders can choose to look for trade entries at either of those triggers, depending on risk tolerance and risk appetite. Furthermore, this strategy can be used to identify divergence or weakness in trending movements. This is very helpful for identifying potential areas to exit one's trade or even look for counter-trend trades (reversals). These moments occur when the Volume-Weighted Moving Average, either fast or slow, begins to trade in the opposite direction as their Simple Moving Average counterpart. For instance, if price has been trending upwards for awhile, and the Fast VWMA begins to trade underneath the Fast SMA, this is an indication that volume is beginning to falter. Uptrends need appropriate volume to continue moving with momentum, so when we see volume begin to falter, it can be a potential sign of an upcoming reversal in trend. Depending on how quickly one wants to enter into a movement, one could look for crosses of the Fast VWMA under/over the Fast SMA, crosses of the Fast VWMA over/under the Slow SMA, or crosses over/under of the Slow VWMA and the Slow SMA. This concept was originally published here on TradingView by ProfitProgrammers. Here is a link to his original indicator script: I have added onto this concept by: converting the original indicator into a strategy tester for backtesting adding the ability to conveniently test long or short strategies, or both adding the ability to calculate dynamic position sizes adding the ability to calculate dynamic stop losses and take profit levels using the Average True Range adding the ability to exit trades based on overbought/oversold crosses of the Stochastic RSI conveniently switch between different thresholds or speeds of the Moving Average crosses to test different strategies on different asset classes easily hook this strategy up to 3Commas for automation via their DCA bot feature Full credit to ProfitProgrammers for the original concept and idea. Any feedback or suggestions are greatly appreciated.
Pine Script™ strategy
by CrackingCryptocurrency
6
Ghost Ninja Moving Average by HassonyaThe Ghost Ninja Moving Average indicator contains three ema averages. These are ema 21, ema 55 and ema 233. The values of the averages appearing on the screen are adjusted according to their own lengths. If you want, you can change the settings from the "Numbers of bars back" setting. The 1st moving average (EMA-21) will follow the price and will disappear if the price is above it. It will only appear where needed. The 2nd moving average (EMA-55) will be red if not orange when EMA-21 is greater than EMA-55. The 3rd moving average (EMA-233) will appear if EMA-55 is greater than it, otherwise it will not. The system will also display Golden and Death crosses. I hope you will be satisfied using it. Yours sincerely. Happy Trading TÜRKÇE AÇIKLAMA Ghost Ninja Hareketli Ortalama indikatörü, üç adet ema ortalaması barındırıyor. Bunlar ema 21, ema 55 ve ema 233 tür. Ortalamaların ekranda gözükme değerleri, kendi uzunluklarına göre ayarlanmıştır. İsterseniz ayarları "Numbers of bars back" ayarından değiştirebilirsiniz. 1nci hareketli ortalama olan (EMA-21), fiyatı izleyerek eğer fiyat onun üzerindeyse gözükecek değilse yok olacak. Sadece gerektiği yerlerde gözükecek. 2nci hareketli ortalama(EMA-55), EMA-21 EMA-55'ten büyük olduğunda turuncu değilse kırmızı olacak. 3ncü hareketli ortalama(EMA-233), Eğer EMA-55 ondan büyükse gözükecek yoksa gözükmeyecek. Sistem aynı zamanda Golden ve Death crossları da gösterecek. Güle güle kullanın. Bereket bulun. Sevgiler
Pine Script™ indicator
by Hassonya
12
Trend Slope Meter - KaspricciTrend Slope Meter This indicator measures the slope of the trend defined by a moving average or an external source. The slope is calculated by the change of price in ticks for a defined number of bars divided by the number of bars. Settings Source - Default: close price. Used to calculate the moving average as basis for slope measurement. Can be an external source of a different indicator as well. In case you select an external source, you can disable the moving average calculation. Moving Average Settings Type - Default: EMA. Type of moving average calculation. All provided out of the box by TradingView. Length - Default: 50. Length used to calculate moving average. Slope Settings Length - Default: 50. Length used to calculate slope.
Pine Script™ indicator
by Best-Algo-Trader
1
Macro Directional IndexCore to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this: (source - source /source ) * 100 This indicator has 4 values in the status line: DI+ DI- Distance between DI+ and DI- DI Rate of Change DI Rate of Change The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. "Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often. Directional Index Middle Channel Between the DI+ and DI- is a black centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross."
Pine Script™ indicator
by jordanfray
1
SUPER Alligator[Gabbo]this indicator serves to differentiate the classic type Line and source of Alligator There are the classic inputs for the 3 lines ( Jaw , Teeth and Lips ) in addition to the choice of the normal source and the type of line, the choices are: SMA = Simple moving average EMA = Exponential moving average WMA = Weighted moving average RMA = Rolling moving average HMA = Hull moving average JMA = Jurik moving average DEMA = Double exponential moving average TEMA = Triple exponential moving average LSMA = Least squares moving average VWMA = Volume-weighted moving average SMMA = Moving average Smoothed KAMA = Kaufman Moving Average Adaptive ALMA = Arnaud Legoux moving average FRAMA = Fractal Adaptive moving average VIDYA = Variable Index Dynamic Average There are also Inputs that are valid only for some styles such as: JMA = "Phase" and "Power" ALMA = "Offset" and "Sigma" FRAMA = "Lower shift ( FC )" and "Upper shift ( SC )" VIDYA = "Fixed CMO Lenght (9)?" and "Calculation Method: CMO/StDev?" Selecting the input: "Use Different Source ???" you can use a source with multiple elements of your choice: 2 = (Source 1 + Source 2) / 2 3 = (Source 1 + Source 2 + Source 3) / 3 4 = (Source 1 + Source 2 + Source 3 + Source 4) / 4 5 = (Source 1 + Source 2 + Source 3 + Source 4 + Source 5) / 5 These are the editable Inputs for Plots: "Jaw/ Teeth/ Lips ???" = to arm / disarm the Lines "Fill Line???" = to insert / de-sensitize the fill of the Long and Short Lines - Long = Lips> Teeth> Jaw - Short = Jaw> Teeth> Jaw - Neutral = rest "Fill Background???" = to insert / desensit the background of the Long and Short Lines - Long = Lips> Teeth> Jaw - Short = Jaw> Teeth> Jaw - Neutral = rest
Pine Script™ indicator
by Cometreon
Arnaud Legoux Moving Average (ALMA) with buy/sell signalsDescription: ALMA with background highlighting, source selection and entry/sell signals depending on price positioning relatively to the ALMA. There are two options: use price at close, or both open and close. When Open & Close is used, both open and close need to be above or below ALMA to highlight, the signal is less noisy but can be more laggy. This is a small simple indicator that can be used for a simple trading strategy, but some users found it very helpful, so I am posting it here. Enjoy!
Pine Script™ indicator
by tartigradia
2