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Moving Averages

[blackcat] L3 Counter Peacock Spread█ OVERVIEW The script titled " L3 Counter Peacock Spread" is an indicator designed for use in TradingView. It calculates and plots various moving averages, K lines derived from these moving averages, additional simple moving averages (SMAs), weighted moving averages (WMAs), and other technical indicators like slope calculations. The primary function of the script is to provide a comprehensive set of visual tools that traders can use to identify trends, potential support/resistance levels, and crossover signals. █ LOGICAL FRAMEWORK Input Parameters: There are no explicit input parameters defined; all variables are hardcoded or calculated within the script. Calculations: • Moving Averages: Calculates Simple Moving Averages (SMA) using ta.sma. • Slope Calculation: Computes the slope of a given series over a specified period using linear regression (ta.linreg). • K Lines: Defines multiple exponentially adjusted SMAs based on a 30-period MA and a 1-period MA. • Weighted Moving Average (WMA): Custom function to compute WMAs by iterating through price data points. • Other Indicators: Includes Exponential Moving Average (EMA) for momentum calculation. Plotting: Various elements such as MAs, K lines, conditional bands, additional SMAs, and WMAs are plotted on the chart overlaying the main price action. No loops control the behavior beyond those used in custom functions for calculating WMAs. Conditional statements determine the coloring of certain plot lines based on specific criteria. █ CUSTOM FUNCTIONS calculate_slope(src, length) : • Purpose: To calculate the slope of a time-series data point over a specified number of periods. • Functionality: Uses linear regression to find the current and previous slopes and computes their difference scaled by the timeframe multiplier. • Parameters: – src: Source of the input data (e.g., closing prices). – length: Periodicity of the linreg calculation. • Return Value: Computed slope value. calculate_ma(source, length) : • Purpose: To calculate the Simple Moving Average (SMA) of a given source over a specified period. • Functionality: Utilizes TradingView’s built-in ta.sma function. • Parameters: – source: Input data series (e.g., closing prices). – length: Number of bars considered for the SMA calculation. • Return Value: Calculated SMA value. calculate_k_lines(ma30, ma1) : • Purpose: Generates multiple exponentially adjusted versions of a 30-period MA relative to a 1-period MA. • Functionality: Multiplies the 30-period MA by coefficients ranging from 1.1 to 3 and subtracts multiples of the 1-period MA accordingly. • Parameters: – ma30: 30-period Simple Moving Average. – ma1: 1-period Simple Moving Average. • Return Value: Returns an array containing ten different \u2003\u2022 "K line" values. calculate_wma(source, length) : • Purpose: Computes the Weighted Moving Average (WMA) of a provided series over a defined period. • Functionality: Iterates backward through the last 'n' bars, weights each bar according to its position, sums them up, and divides by the total weight. • Parameters: – source: Price series to average. – length: Length of the lookback window. • Return Value: Calculated WMA value. █ KEY POINTS AND TECHNIQUES • Advanced Pine Script Features: Utilization of custom functions for encapsulating complex logic, leveraging TradingView’s library functions (ta.sma, ta.linreg, ta.ema) for efficient computations. • Optimization Techniques: Efficient computation of K lines via pre-calculated components (multiples of MA30 and MA1). Use of arrays to store intermediate results which simplifies plotting. • Best Practices: Clear separation between calculation and visualization sections enhances readability and maintainability. Usage of color.new() allows dynamic adjustments without hardcoding colors directly into plot commands. • Unique Approaches: Introduction of K lines provides an alternative representation of trend strength compared to traditional MAs. Implementation of conditional band coloring adds real-time context to existing visual cues. █ EXTENDED KNOWLEDGE AND APPLICATIONS Potential Modifications/Extensions: • Adding more user-defined inputs for lengths of MAs, K lines, etc., would make the script more flexible. • Incorporating alert conditions based on crossovers between key lines could enhance automated trading strategies. Application Scenarios: • Useful for both intraday and swing trading due to the combination of short-term and long-term MAs along with trend analysis via slopes and K lines. • Can be integrated into larger systems combining this indicator with others like oscillators or volume-based metrics. Related Concepts: • Understanding how linear regression works internally aids in grasping the slope calculation. • Familiarity with WMA versus SMA helps appreciate why different types of averaging might be necessary depending on market dynamics. • Knowledge of candlestick patterns can complement insights gained from this indicator.
Pine Script™ indicator
by blackcat1402
2
All-in-One: VWAP, Ichimoku, EMAs, ADX, RSI + AlertsTitle: All-in-One: VWAP, Ichimoku, EMAs, ADX, RSI + Alerts Short Title: Multi-Indicator + Alerts Description: This script combines several popular trading tools into a single indicator, giving traders a comprehensive view of market conditions alongside convenient alerts. Whether you are monitoring intraday trends, identifying breakouts, or looking for overbought/oversold zones, this script centralizes all the major signals you need. Features & Options VWAP (Volume-Weighted Average Price) Multi-timeframe VWAP on 1H, 4H, and Daily Helps identify key support/resistance zones based on volume distribution EMAs (Exponential Moving Averages) EMAs of 10, 20, 50, and 200 periods (customizable) Quick visualization of short-term vs. long-term trends Ichimoku Cloud Full Ichimoku suite (Tenkan, Kijun, Senkou A/B, Chikou) Auto-filled cloud for bullish/bearish scenarios Detect momentum shifts and potential support/resistance zones RSI & ADX Table RSI(14) and ADX(14) displayed on a small on-chart table Compare values across three custom timeframes for multi-timeframe confluence Labels on Last Bar Optional labels for VWAP, EMAs, and Ichimoku values on the latest candle Keeps critical numeric data in sight Alerts RSI Overbought/Oversold : Triggers when RSI crosses above/below user-defined thresholds (default 70/30). ADX Strong Trend : Fires when ADX surpasses a chosen level (default 25), indicating strong momentum. EMA Cross : Set an alert whenever a faster EMA crosses over or under a slower EMA (default EMA10 vs. EMA50). Ichimoku Kumo Breakout : Informs you when price closes above or below the Ichimoku cloud. With everything in one place, this script helps traders streamline their workflow and spot potential opportunities faster. All alert messages are static to ensure compliance with TradingView’s requirement for constant strings in alerts. Disclaimer: All trading involves risk. The signals generated by this script do not guarantee profits or prevent losses. Always combine multiple forms of analysis and exercise your own judgment before making any trading decisions.
Pine Script™ indicator
by Eigna66
1
Trend Battery [Phantom]Trend Battery Visualize Trend Strength with a Dynamic EMA Power Gauge OVERVIEW The Trend Battery indicator offers a clear, visual representation of trend strength based on the alignment of multiple Exponential Moving Averages (EMAs). It assigns a color-coded score to each bar, helping traders quickly assess the prevailing trend's power and direction. CONCEPT • Trend Strength Using EMAs: The indicator analyzes the alignment of 20 EMAs (8 to 200 periods) to gauge trend strength. The more EMAs align, the stronger the trend. • Gradient-Based Visualization: Scores are mapped to a color gradient, transitioning from green (bullish) to purple (bearish), providing an intuitive visual representation of trend momentum. HOW IT WORKS Trend Battery calculates 20 EMAs and evaluates their alignment. When EMAs align in a strong trend, the bar colors change (as displayed in battery color key on chart) displaying a spectrum of colors from bright green (strong uptrend) to deep purple (strong downtrend). • Dynamic Bar Colors: o Green hues: Strong bullish trends. o Purple hues: Strong bearish trends. o Red hues: Weaker trends or potential transitions. FEATURES • Dynamic Color Coding: Easy-to-read and instantly assess trend. • Customizable Transparency: Adjust bar color opacity to your preference. • Optional EMA Display: Toggle individual EMA lines on/off for additional context. • Compact Battery View: Quick reference table displaying the gradient color mapping. SETTINGS • Transparency: Controls the opacity of bar colors. • Show EMAs on Chart: Enables/disables plotting of EMA lines. USAGE • Identify trend strength and direction. • Confirm trend reversals or continuations. • Complement other indicators and strategies. • Monitor multi-timeframe trends. TRADE IDEAS: • For larger timeframes purple hues can be used for accumulating and green hues for distribution. • For smaller timeframes, color transitions could be a signal for trend reversal, or corrections. • It is a good idea to use larger timeframes for overall trend directions, and smaller timeframes for entries. LIMITATIONS • Lagging Indicator: As the Trend Battery relies on Exponential Moving Averages (EMAs), it is inherently a lagging indicator. This means it reflects past price action and may not always provide timely signals for rapid market changes or sudden reversals. • False Signals in Sideways Markets: In ranging or consolidating markets, the indicator may produce mixed signals (frequent color changes) as EMAs intertwine without a clear trend. This can lead to false interpretations if not considered alongside other market context indicators. • Not a Standalone System: The Trend Battery is designed to be a visual aid and should not be used as the sole basis for trading decisions. It's most effective when combined with other technical analysis tools, such as oscillators, support/resistance levels, and fundamental analysis. DISCLAIMER Use the Trend Battery indicator in conjunction with other forms of analysis and risk management. Past performance is not indicative of future results.
Pine Script™ indicator
by Phantom_x3x
EMA ivis Breakout StrategyEine bewährte Strategie kombiniert gleitende Durchschnitte (EMAs) mit einem Breakout-Filter, um nur bei klaren Markttrends zu handeln. Entwickelt habe ich diese für BTCUSD, funktioniert aber auch in anderen Assets. Ausstiegsregeln: Für den Stop-Loss: 1,5-fache ATR unterhalb/oberhalb des Einstiegskurses. Für den Take-Profit: 2-fache ATR über/unter dem Einstiegspunkt Zeit Filter: Der Indikator liefert nur in der definierten Handelszeit Signale. Diese können SIe selbstständig in den Einstellungen verändern. Die Strategie kann man bestens in 15min anwenden.
Pine Script™ indicator
by Hexometra
OBV Crossover SignalsPlacing a 20 EMA on the on balance volume indicator and adding arrows. When OBV crosses above the 20 EMA adds a green bullish candle to the indicator. When OBV crosses below the 20 EMA this adds a red bearish candle to the indicator. I use this in conjunction with another indicator I've programmed to add arrows to the price chart when price closes above or below the 20 EMA. When you have bullish arrows on both indicators, this is when to take bullish swing trades. When you have bearish arrows on both indicators, either stay away (if you're a bull) or its a time to take a bearish swing trade.
Pine Script™ strategy
by ckenney
mentor+json+v1.0This script implements a straightforward trend-following strategy based on moving averages (EMAs) and RSI confirmation. It is designed to help traders identify potential trend-based entry and exit points while managing risk with a customizable stop loss. Key Features: EMA Crossover: Buy signals occur when the short EMA crosses above the long EMA, and RSI is above a specified level. Sell signals are generated when the short EMA crosses below the long EMA, and RSI is below the specified level. Stop Loss: A percentage-based stop loss is applied to all trades, ensuring effective risk management. The stop loss level is displayed as a dashed line on the chart. Customization: Users can adjust the EMA lengths, RSI confirmation level, and stop loss percentage to match their trading strategy. How to Use: Add the script to your chart and adjust the inputs in the settings panel: Short EMA Length: Determines the sensitivity of the short moving average. Long EMA Length: Controls the trend-following component. RSI Confirmation Level: Ensures trades are aligned with momentum. Stop Loss (%): Defines the percentage level at which the stop loss is set. Observe the buy and sell signals marked on the chart. Use the stop loss line as a visual guide to manage risk for your trades. Notes: This script is intended for educational purposes and backtesting. Use it responsibly and in combination with other analysis techniques. Always perform thorough backtesting and analysis before applying it to live trading. Happy trading! 🚀
Pine Script™ strategy
by aceoragon50903
Jalambi Paul modelKey Components Inputs: Window Length (window): The number of periods for calculating the rolling statistics. Default is set to 50. Risk Percentage (risk_percentage): The percentage of capital risked per trade. Default is 1.0%. Stop Loss and Take Profit Levels: Stop Loss: Default is 2% of the entry price. Take Profit: Default is 4% of the entry price. Logarithmic Returns: Calculates the logarithmic return of the price series using: log_return = log ⁡ ( close close ) log_return=log( close close ​ ) This helps in normalizing price changes. Rolling Statistics: Mean (rolling_mean): Calculated over the rolling window using the Simple Moving Average (SMA). Standard Deviation (rolling_std): Measured over the rolling window to understand volatility. Shiryaev-Zhou Index (SZI): The SZI is a standardized z-score: SZI = log_return − rolling_mean rolling_std SZI= rolling_std log_return−rolling_mean ​ This metric is used to detect overbought or oversold conditions. Signal Generation: Buy Signal (long_signal): Triggered when SZI is below a fixed threshold (-2.0). Sell Signal (short_signal): Triggered when SZI is above a fixed threshold (2.0). Visuals on the Chart: Buy signals are plotted below the price bars with green upward-pointing labels. Sell signals are plotted above the price bars with red downward-pointing labels. Trade Execution: Entry Conditions: Long positions are opened when long_signal is true. Short positions are opened when short_signal is true. Exit Conditions: Stop Loss and Take Profit levels are calculated based on the entry price and the respective percentage inputs. Positions are closed automatically when these levels are hit. Visualization: Plots the stop-loss (red line) and take-profit (green line) levels on the chart for easier tracking.
Pine Script™ strategy
by GuFinance
7 Exponential Moving Averages with ATR & Volume VolatilityThis indicator features 7 EMA lines based on Fibonacci sequences, along with rising ATR and volume data, highlighting increased volatility by changing the background color of candlesticks. It aims to assist users in tracking price movements while showing whether volatility increases during EMA crossovers. Users can easily customize the indicator by adjusting parameters such as EMA, ATR, and volume lengths, as well as colors, in the settings menu to suit their personal preferences.
Pine Script™ indicator
by cihat_ertem
4 MAsThe 4 MAs indicator is a moving average crossover tool designed to identify market trends and provide potential entry and exit signals. By plotting four simple moving averages (SMAs) of different periods, this indicator helps traders understand both short-term and long-term market dynamics. It is particularly suited for trend-following strategies and can be applied across various timeframes, such as daily, hourly, or intraday charts. Features: 1. Moving Average Visualization: - Short-term Moving Averages (MA 5 and MA 10): Highlight short-term market fluctuations. - Mid-term Moving Average (MA 15): Serves as a reference for medium-term trends. - Long-term Moving Average (MA 30): Represents the broader market trend. 2. Trend Signal Detection: - Bullish Signal: When the 5-period moving average crosses above the 30-period moving average (golden cross), a yellow upward arrow is displayed below the price bar, indicating a potential uptrend. - Bearish Signal: When the 5-period moving average crosses below the 30-period moving average (death cross), a red downward arrow is displayed above the price bar, signaling a potential downtrend. Key Advantages: - Multi-timeframe Versatility: Works well on various timeframes, making it suitable for both short-term scalping and long-term trend analysis. - Simple Visualization: Clear signals and trend identification through color-coded moving averages and signal arrows. - Customizable: The SMA periods can be adjusted to align with the trader's preferred strategy or market conditions.
Pine Script™ indicator
by Dragon114514
EMA Squeeze RythmHere's a description of this indicator and its purpose: This indicator is based on the concept of price consolidation and volatility contraction using multiple Exponential Moving Averages (EMAs). It primarily looks for "squeeze" conditions where the EMAs converge, indicating potential market consolidation and subsequent breakout opportunities. Key Features: 1. Uses 8 EMAs (20-55 period) to measure price compression 2. Measures the distance between fastest (20) and slowest (55) EMAs in ATR units 3. Identifies four distinct states: - PRE-SQZE: Initial convergence of EMAs - SQZE: Tighter convergence - EXT-SQZE: Extreme convergence (highest probability of breakout) - RELEASE: EMAs begin to expand (potential breakout in progress) Best Used For: - Identifying potential breakout setups - Finding periods of low volatility before explosive moves - Confirming trend strength using higher timeframe analysis - Trading mean reversion strategies during squeeze states - Catching momentum moves during release states The indicator works well on any timeframe but is particularly effective on 15M to 4H charts for most liquid markets. It includes higher timeframe analysis to help confirm the broader market context.
Pine Script™ indicator
by kasapop56394
XRP/USD Scalping Strategy with Alerts The strategy in your script is designed for scalping XRP/USD, utilizing a combination of Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Volume analysis, and N-Bar detection to identify potential buy and sell signals. It aims to make quick, small profits by taking advantage of short-term price movements. Here's a detailed breakdown: Key Components of the Strategy: Exponential Moving Averages (EMAs): Short EMA (8-period) and Long EMA (21-period) are used to identify the trend. A buy signal is generated when the Short EMA crosses above the Long EMA (bullish crossover). A sell signal is generated when the Short EMA crosses below the Long EMA (bearish crossunder). Relative Strength Index (RSI): The RSI (with a 14-period) is used to assess whether the market is in an overbought or oversold condition. For a long position, the strategy checks if the RSI is above 50 to ensure that the market is not in an oversold condition. For a short position, the strategy checks if the RSI is below 50, which signals a weaker or bearish market. Volume Analysis: The strategy checks if the current volume is greater than the average volume over a defined period (20 bars in this case). Higher volume indicates stronger market participation and gives more confidence in the signals. N-Bar Detection: The strategy uses a custom function to detect the price action of the last n bars. Bullish N-bars: If the lowest low of the last n_bars is higher than the lowest low of the previous 2*n_bars (indicating a bullish reversal pattern). Bearish N-bars: If the highest high of the last n_bars is lower than the highest high of the previous 2*n_bars (indicating a bearish reversal pattern). Buy (Long) Condition: EMA Crossover: The Short EMA crosses above the Long EMA, indicating a potential upward trend. RSI > 50: The market is not in an oversold state (indicating that the market is bullish). Volume > Average Volume: The current volume is higher than the average volume, signaling increased market activity. Bullish N-bars: The price action of the last n_bars shows a bullish reversal, providing additional confirmation for a buy. Sell (Short) Condition: EMA Crossunder: The Short EMA crosses below the Long EMA, indicating a potential downward trend. RSI < 50: The market is not in an overbought state (indicating that the market is bearish). Volume > Average Volume: The current volume is higher than the average volume, signaling increased market activity. Bearish N-bars: The price action of the last n_bars shows a bearish reversal, providing additional confirmation for a sell. Take Profit and Stop Loss: The strategy includes a take profit and stop loss mechanism to limit the risk and secure profits. Take Profit: Set at 1.5% of the entry price. Stop Loss: Set at 0.7% of the entry price. Alerts: The strategy has alerts for both buy and sell signals. When the buy or sell conditions are met, it triggers an alert, sending notifications (pop-up, email, etc.) to the user. Summary of the Strategy: Trend Following with EMA: The strategy relies on the crossover of short and long EMAs to determine the trend direction. Momentum Analysis with RSI: The RSI confirms that the market is not overbought or oversold, ensuring that the trade is made in favorable conditions. Volume Confirmation: Only signals with increased market participation (higher volume than the average) are considered valid. Reversal Patterns with N-bars: The N-bar detection adds a layer of confirmation for potential reversals, improving the accuracy of entry signals. Risk Management: The take profit and stop loss levels are designed to capture small, profitable moves while protecting from large losses. This scalping strategy aims for quick, small profits with controlled risk, making it suitable for highly liquid markets like XRP/USD. The use of EMAs, RSI, volume analysis, and N-bar patterns increases the reliability of the signals and helps minimize false entries.
Pine Script™ strategy
by gons0228