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Moving Averages

Multi-Trend SynchronizerMulti-Trend Synchronizer The Multi-Trend Synchronizer indicator provides a multi-timeframe trend analysis using SMMA (Smoothed Moving Average) across three user-defined timeframes: short, medium, and long-term. By synchronizing trends from these timeframes, this tool helps traders identify stronger alignment signals for potential trend continuation or reversal, enhancing decision-making in various market conditions. Key Features Multi-Timeframe Trend Analysis: Users can set three different timeframes, allowing flexibility in tracking trends over short (e.g., 15 minutes), medium (e.g., 1 hour), and long-term (e.g., 4 hours) intervals. Clear Trend Visualization: The indicator plots SMMA lines on the main chart, color-coded by timeframe for intuitive reading. It also displays an at-a-glance trend alignment table, showing the current trend direction (bullish, bearish, or neutral) for each timeframe. Buy and Sell Signals: Alignment across all timeframes generates Buy and Sell signals, visualized on the chart with distinct markers to aid entry/exit timing. Usage Notes This indicator is best used for trend-following strategies. The SMMA-based design provides smoother trend transitions, reducing noise compared to standard moving averages. However, as with all indicators, it is not foolproof and should be combined with other analyses for robust decision-making. How It Works The indicator calculates SMMA values for each selected timeframe and tracks trend changes based on SMMA's direction. When all timeframes show a unified direction (either bullish or bearish), the indicator generates a Buy or Sell signal. A table displays real-time trend direction, with color codes to assist traders in quickly assessing the market's overall direction. Indicator Settings Timeframes: Customize each SMMA timeframe to align with personal trading strategies or market conditions. SMMA Length: Adjust the length of the SMMA to control sensitivity. Lower values may increase signal frequency, while higher values provide smoother, more stable trend indicators. Disclaimer: As with any trend-following tool, this indicator is most effective when used in trending markets and may be less reliable in sideways conditions. Past performance does not guarantee future results, and users should be cautious of market volatility. Use it for educational purposes!
Pine Script™ indicator
by shortymkd
Arshtiq - Multi-Timeframe Trend StrategyMulti-Timeframe Setup: The script uses two distinct timeframes: a higher (daily) timeframe for identifying the trend and a lower (hourly) timeframe for making trades. This combination allows the script to follow the larger trend while timing entries and exits with more precision on a shorter timeframe. Moving Averages Calculation: higher_ma: The 20-period Simple Moving Average (SMA) calculated based on the daily timeframe. This average gives a sense of the larger trend direction. lower_ma: The 20-period SMA calculated on the hourly (current) timeframe, providing a dynamic level for detecting entry and exit points within the broader trend. Trend Identification: Bullish Trend: The script determines that a bullish trend is present if the current price is above the daily moving average (higher_ma). Bearish Trend: Similarly, a bearish trend is identified when the current price is below this daily moving average. Trade Signals: Buy Signal: A buy signal is generated when the price on the hourly chart crosses above the hourly 20-period MA, but only if the higher (daily) timeframe trend is bullish. This ensures that buy trades align with the larger upward trend. Sell Signal: A sell signal is generated when the price on the hourly chart crosses below the hourly 20-period MA, but only if the daily trend is bearish. This ensures that sell trades are consistent with the broader downtrend. Plotting and Visual Cues: Higher Timeframe MA: The daily 20-period moving average is plotted in red to help visualize the long-term trend. Buy and Sell Signals: Buy signals appear as green labels below the price bars with the text "BUY," while sell signals appear as red labels above the bars with the text "SELL." Background Coloring: The background changes color based on the identified trend for easier trend recognition: Green (with transparency) when the daily trend is bullish. Red (with transparency) when the daily trend is bearish.
Pine Script™ indicator
by aalammulla23
SLYY BTC Strategy – Dynamische Trend- und Volatilitätsbasierte Die SLYY BTC Strategy ist eine speziell entwickelte Strategie für den BTC-Handel, die durch eine Kombination von gleitenden Durchschnitten und einem ATR-basierten Filter besonders stabile Ein- und Ausstiege ermöglicht. Der Algorithmus nutzt den 111er und 350er gleitenden Durchschnitt, um grundlegende Marktrichtungen zu erkennen und Entry-Trigger zu setzen. Zusätzlich stellt der ATR-Indikator (Average True Range) sicher, dass Trades nur bei optimaler Marktvolatilität ausgeführt werden, wodurch unnötige Risiken minimiert werden. Funktionen der Strategie: • Dynamischer Stop-Loss: Der Stop-Loss passt sich automatisch an die aktuelle Volatilität an und wird auf Basis eines variablen ATR-Multiplikators gesetzt, sodass er in volatilen Phasen breiter und in stabilen Phasen enger ist. • Flexibler Trade-Einstieg: Die Strategie erkennt Long- und Short-Signale basierend auf den gleitenden Durchschnitten und eröffnet Positionen nur, wenn der ATR unter einem definierten Schwellenwert liegt. • Zuverlässiges Risikomanagement: Die Stop-Loss-Abstände basieren auf einem fixen prozentualen Offset, der in den Strategieeinstellungen angepasst werden kann, um den persönlichen Risikopräferenzen zu entsprechen. Einsatzgebiet: Diese Strategie ist für Trader geeignet, die BTC auf mittleren Zeitrahmen handeln und ein risikokontrolliertes System mit dynamischem Volatilitätsmanagement bevorzugen. Die Slice PTC Strategy bietet eine klare, algorithmische Lösung für den Handel in Trendphasen und stabilisiert die Performance durch eine intelligente Volatilitätssteuerung.
Pine Script™ strategy
by slyy6161
1
Three SMAs with AlertsThis Pine Script version 5 script creates three Simple Moving Averages (SMA) with values of 20, 50, and 200 periods, and plots them on the chart. The SMAs are color-coded to make them easily distinguishable. Additionally, the script generates alerts when the price crosses above or below the 20-period SMA. Auto alerts are triggered to notify the user of these crossover events, and visual markers (plotshape) are added to the chart to indicate where the crossovers occur.
Pine Script™ indicator
by yhonax
Jurik / HMA with Ribbon **Jurik / HMA with Ribbon** This script combines the Jurik Moving Average (JMA), Exponential Moving Average (EMA), and Hull Moving Average (HMA) to provide a comprehensive trend-following tool with a visual ribbon background. Each of these moving averages is tuned for a unique view of market trends, and the script highlights potential momentum changes based on the alignment of these averages. ### Key Components: 1. **Jurik Moving Average (JMA)**: - JMA is a smooth, adaptive moving average that filters out noise while remaining responsive to price changes. - The script allows customization of JMA's `length`, `phase`, and `power` parameters to suit different trading styles. - When the JMA turns from red to green (or vice versa), it indicates a potential momentum shift based on the current price action relative to the previous bar. 2. **Exponential Moving Average (EMA)** and **Hull Moving Average (HMA)**: - Both EMA and HMA are popular moving averages in technical analysis. - EMA responds more quickly to recent price changes, while HMA is known for smoothing out price data while reducing lag. - The `length` for both EMA and HMA can be customized, with a default value of 15. 3. **Ribbon Background**: - This script creates a "ribbon" effect in the background, highlighting when the JMA is above or below both the EMA and HMA: - **Green Ribbon**: Indicates a potential bullish trend when JMA is above both EMA and HMA. - **Red Ribbon**: Indicates a potential bearish trend when JMA is below both EMA and HMA. - The ribbon provides a clear visual cue, making it easy to identify trend changes at a glance. ### Inputs: - **JMA Length, Phase, and Power**: Parameters to fine-tune the behavior of the Jurik Moving Average. - **EMA/HMA Length**: Shared length parameter for both the EMA and HMA, with a default of 15. - **Highlight Movements**: Option to enable/disable color changes for the JMA based on movement direction. ### Plotting: - The script plots the JMA, EMA, and HMA lines on the chart, color-coded for easy identification. - The JMA line changes color based on movement direction, with green for upward movements and red for downward. - EMA and HMA lines are shown in blue and purple, respectively, for added clarity. ### How to Use: This indicator can be useful for identifying trend direction and strength: - When all three moving averages (JMA, EMA, and HMA) align with the same direction and the ribbon color matches, it signals a strong trend. - This script is ideal for trend-following strategies, as well as for identifying potential reversals when the JMA crosses below or above the EMA/HMA. ### Note: As always, this indicator should be used alongside other tools or analysis techniques to confirm signals and manage risk effectively. --- This description should help users understand the functionality and purpose of the script when they see it on TradingView. Let me know if you'd like any further customization!
Pine Script™ indicator
by simpleincomeai
Custom V2 KillZone US / FVG / EMA1. Trading Sessions The indicator displays time zones corresponding to major global trading sessions, each with distinct characteristics and customizable colors. The sessions include: Asian Session (18:00 - 00:00 UTC): Displayed in yellow by default. London Session (00:00 - 06:00 UTC): Displayed in blue by default. New York Pre-Open (06:00 - 07:35 UTC): Displayed in green by default. Liquidity Session (Kill Session) (07:35 - 09:55 UTC): Displayed in red by default. US Kill Zone (09:55 - 11:10 UTC): Displayed in purple by default. These time zones help traders visualize periods when volatility may increase based on global session opening and closing times, as well as identify liquidity zones where price movements are more likely to be significant. 2. Kill Zone and Market Signals The indicator includes a specific "Kill Zone" for the US session, which can be used to identify areas of high liquidity and potential price manipulation. Three types of signals can appear after the Liquidity Session: "OK" Signal: Indicates that the market does not present significant volatility risks when prices remain within relatively stable boundaries. "STOP" Signal: Triggered when a liquidity zone breakout is detected. This signal warns traders of a potential increase in volatility or a possible market reversal. "Flat Market" Signal: Displayed when the market is consolidated, with reduced volatility. This may indicate a flat or range-bound market with no clear trend. The signals are displayed above the candles at a distance of three times the candle height to improve visibility. The colors of these signals are also customizable. 3. Fair Value Gaps (FVG) Fair Value Gaps (FVG) are imbalance zones in the market, where prices have moved quickly without retracing to fill the gap. These zones can indicate levels where price might potentially return to "fill" the gap, providing interesting entry or exit points for traders. Bullish FVG: Indicates an upward gap (when demand exceeds supply). Displayed in blue by default. Bearish FVG: Indicates a downward gap (when supply exceeds demand). Displayed in red by default. FVGs are detected only during the US Kill Zone, providing analysis opportunities specific to this crucial liquidity period. FVG zones are displayed as semi-transparent boxes, and the number of displayed zones is limited to avoid overloading the chart. 4. Exponential Moving Averages (EMAs) The indicator includes three customizable Exponential Moving Averages (EMAs), which allow traders to track trends over different time horizons: EMA 1: Defaulted to the Daily (D) timeframe with a length of 200, displayed in blue with 20% opacity. EMA 2: Defaulted to the 4-hour (4H) timeframe with a length of 200, displayed in red with 20% opacity. EMA 3: Defaulted to the 15-minute (15m) timeframe with a length of 200, displayed in green with 20% opacity.
Pine Script™ indicator
by LauryGinal
Supertrend EMA & KNNSupertrend EMA & KNN The Supertrend EMA indicator cuts through the noise to deliver clear trend signals. This tool is built using the good old Exponential Moving Averages (EMAs) with a novel of machine learning; KNN (K Nearest Neighbors) breakout detection method. Key Features: Effortless Trend Identification: Supertrend EMA simplifies trend analysis by automatically displaying a color-coded EMA. Green indicates an uptrend, red signifies a downtrend, and the absence of color suggests a potential range. Dynamic Breakout Detection: Unlike traditional EMAs, Supertrend EMA incorporates a KNN-based approach to identify breakouts. This allows for faster color changes compared to standard EMAs, offering a more dynamic picture of the trend. Customizable Parameters: Fine-tune the indicator to your trading style. Adjust the EMA length for trend smoothing, KNN lookback window for breakout sensitivity, and breakout threshold for filtering noise. A Glimpse Under the Hood: Dual EMA Power: The indicator utilizes two EMAs. A longer EMA (controlled by the "EMA Length" parameter) provides a smooth trend direction, while a shorter EMA (controlled by the "Short EMA Length" parameter) triggers color changes, aiming for faster response to breakouts. KNN Breakout Detection: This innovative feature analyzes price action over a user-defined lookback period (controlled by the "KNN Lookback Length" parameter) to identify potential breakouts. If the price surpasses a user-defined threshold (controlled by the "Breakout Threshold" parameter) above the recent highs, a green color is triggered, signaling a potential uptrend. Conversely, a breakdown below the recent lows triggers a red color, indicating a potential downtrend. Trading with Supertrend EMA: Ride the Trend: When the indicator displays green, look for long (buy) opportunities, especially when confirmed by bullish price action patterns on lower timeframes. Conversely, red suggests potential shorting (sell) opportunities, again confirmed by bearish price action on lower timeframes. Embrace Clarity: The color-coded EMA provides a clear visual representation of the trend, allowing you to focus on price action and refine your entry and exit strategies. A Word of Caution: While Supertrend EMA offers faster color changes than traditional EMAs, it's important to acknowledge a slight inherent lag. Breakout detection relies on historical data, and there may be a brief delay before the color reflects a new trend. To achieve optimal results, consider: Complementary Tools: Combine Supertrend EMA with other indicators or price action analysis for additional confirmation before entering trades. Solid Risk Management: Always practice sound risk management strategies such as using stop-loss orders to limit potential losses. Supertrend EMA is a powerful tool designed to simplify trend identification and enhance your trading experience. However, remember, no single indicator guarantees success. Use it with a comprehensive trading strategy and disciplined risk management for optimal results. Disclaimer: While the Supertrend EMA indicator can be a valuable tool for identifying potential trend changes, it's important to note that it's not infallible. Market conditions can be highly dynamic, and indicators may sometimes provide false signals. Therefore, it's crucial to use this indicator in conjunction with other technical analysis tools and sound risk management practices. Always conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Pine Script™ indicator
by Ralphzayl
C:200-21-9/EMA with CrossoverThis trading strategy is designed to enter a long position based on a combination of technical indicators. The strategy checks for the following conditions: Price Above 200 EMA: The price must be trading above the 200-period Exponential Moving Average (EMA), indicating an overall bullish trend. 9 EMA Crossing Under 21 EMA: The 9-period EMA crosses under the 21-period EMA, signaling a potential short-term pullback in an uptrend. MACD Line Crossing Over the Signal Line: The MACD line crosses above the Signal line, indicating a potential shift to bullish momentum.
Pine Script™ indicator
by hitabratanath
5Ema Indicator TustaWhat is the 5 EMA Scalping Strategy?​ At its heart, the 5 EMA scalping strategy leverages a technical indicator called the Exponential Moving Average (EMA) to identify potential short-selling opportunities. The EMA smooths out price fluctuations, revealing the underlying trend. In this strategy, we focus on the 5-period EMA, making it highly responsive to recent price movements. The Power of the 5 EMA​ Imagine the 5 EMA as a dynamic line on your trading chart. When the price is above the 5 EMA, it often suggests that the price has moved away from its mean point and is likely to come back to the mean at some point in time. The 5 EMA scalping strategy is a reversal strategy based on the logic that the price has to return to its mean. Here, 5 EMA is considered as the mean point of the price. Thus, in the 5 EMA strategy, we look for reversals when the price moves away from its mean, i.e., 5 EMA. This strategy capitalises on situations where the price seems to be losing momentum in an uptrend. We will look for specific price action signals near the 5 EMA to initiate short trades, aiming to profit if the price continues its downward journey.
Pine Script™ indicator
by tustatech
PΞCKΞR All-In-One (PECKER AIO)The PΞCKΞR All-In-One (PECKER AIO) indicator offers traders a comprehensive tool for technical analysis, blending various features into a single indicator. It integrates essential analytical tools such as RSI, Moving Averages, divergence detection, and multiple EMA overlays. RSI in-chart divergences: Identify both regular and hidden bullish/bearish divergences to anticipate potential market swings. Visually overlay divergences directly on the chart for quick recognition. Moving Averages: Choose from SMA, EMA, or SMMA. Adjustable lengths to suit different trading strategies. Multi-Timeframe EMAs: No matter which time-frame you are looking at, display 4-hour, daily, weekly, and more EMA levels to track critical trend changes across different timeframes. Fully customizable with color, length, and line width options. Price Level Markers: Annote key price points such as daily, weekly, monthly opens, highs, lows, and mid-levels. Monday range (High - 0.5 - Low) also included. Adaptable to right-anchored or standard display styles to match user preferences. This all-encompassing indicator is designed to suit both day traders and long-term strategists, providing a detailed yet straightforward approach to chart analysis.
Pine Script™ indicator
by spenic
ATAMOKU - Ichimoku-Based Independent Scoring System Name Origin of ATAMOKU: The name ATAMOKU combines "Ata" (which means "I existed" in Japanese and "ancestor or father" in Turkish, which is also my name) and "Moku," meaning "cloud" in Japanese. This name reflects a unique scoring system based on Ichimoku principles, designed to help traders analyze trends and identify entry and exit points more accurately. Scoring System Overview: ATAMOKU leverages key Ichimoku values, including the Conversion Line, Base Line, and Leading Spans A and B. By applying mathematical functions and formulas, these values are used to generate a comprehensive score that indicates market strength and trend direction. This scoring system works independently of the price position relative to the Ichimoku cloud, allowing traders to identify potential entry and exit points in any time frame. Signal and Smoothing Lines: The script includes signal and smoothed lines that display signals continuously and can be customized with different smoothing techniques such as SMA, EMA, and WMA. These lines visually highlight entry and exit points, adapting to the trader's individual strategy. Settings and Customization: ATAMOKU offers several customization options to suit various trading preferences: Scoring Method: The scoring system uses hierarchical comparisons of Ichimoku values, with configurable weights for each comparison. Smoothing Techniques: Users can choose from several smoothing methods (SMA, EMA, WMA) to adjust signal sensitivity, allowing traders to fine-tune the display according to their preferred trading style. Period Adjustments: Options for adjusting the period of the scoring and smoothing calculations are provided to accommodate different time frames and trading strategies. Display and Visualization: ATAMOKU presents the data using a histogram and line chart format, enabling traders to observe trends and potential entry and exit points quickly and clearly. Key Features: Flexibility Across Time Frames, usable on any time frame without restriction. Independent Cloud Position Scoring, Generates signals and identifies entry and exit points independently of the price position relative to the cloud. Multi-Dimensional Analysis, Analyzes various Ichimoku data points and uses mathematical functions to offer traders a comprehensive market view. Support and Contact: For further information, customization questions, or support, please feel free to reach out via Private Message on TradingView. If you have a Premium account, additional contact details can also be included in the Signature field below.
Pine Script™ indicator
by ata_sabanci
Adaptive ema Cloud v1 Trend & Trade Signals"adaptive ema cloud v1 trend & trade signals" is a comprehensive technical indicator aimed at assisting traders in identifying market trends, trade entry points, and potential take profit (tp) and stop-loss (sl) levels. this indicator combines adaptive exponential moving average (ema) clouds with standard deviation bands to create a visual trend and signal system, enabling users to better analyze price action. key features: adaptive ema cloud: calculates a dynamic ema-based cloud using a simple moving average (sma) line, with upper and lower deviation bands based on standard deviations. users can adjust the standard deviation multiplier to modify the cloud's width. trend direction detection: the indicator determines trend direction by comparing the close price to the ema cloud and signals bullish or bearish trends when the price crosses key levels. take profit (tp) and stop-loss (sl) points: adaptive tp and sl levels are calculated based on the deviation bands, providing users with suggested exit points when a trade is triggered. peak and valley detection: detects peaks and valleys in price, aiding traders in spotting potential support and resistance areas. gradient-based cloud fill: dynamically fills the cloud with a gradient color based on trend strength, helping users visually gauge trend intensity. trade tracking: tracks recent trades and records them in an internal memory, allowing users to view the last 20 trade outcomes, including whether tp or sl was hit. how to use: trend signals: look for green arrows (bullish trend) or red arrows (bearish trend) to identify potential entries based on trend crossovers. tp/sl management: tp and sl levels are automatically calculated and displayed, with alerts available to notify users when these levels are reached. adjustable settings: customize period length, standard deviation multiplier, and color preferences to match trading preferences and chart style. inputs- period: defines the look-back period for ema calculations. standard deviation multiplier: adjusts cloud thickness by setting the multiplier for tp and sl bands. gauge size: scales the gradient intensity for trend cloud visualization. up/down colors: allows users to set custom colors for bullish and bearish bars. alert conditions: this script has built-in alerts for trend changes, tp, and sl levels, providing users with automated notifications of important trading signals.
Pine Script™ indicator
by hormuzdengineer
WiseOwl Indicator - 1.0 The WiseOwl Indicator - 1.0 is a technical analysis tool designed to help traders identify potential entry points and market trends based on Exponential Moving Averages (EMAs) across multiple timeframes. It focuses on providing clear visual cues for bullish and bearish market conditions, as well as potential breakout opportunities. Key Features Multi-Timeframe EMA Analysis: Calculates EMAs on the current timeframe, Daily timeframe, and 15-minute timeframe to confirm trends. Bullish and Bearish Market Identification: Determines market conditions based on the 200-period EMA on the Daily timeframe. Directional Candle Coloring: Highlights candles based on their position relative to EMAs to provide immediate visual feedback. Entry Signals: Plots buy and sell signals on the chart when specific conditions are met on the 1-hour and 4-hour timeframes. Breakout Candle Highlighting: Colors candles differently when significant price movements occur, indicating potential breakout opportunities. How It Works Market Condition Determination: Bullish Market: When the close price is above the 200-period EMA on the Daily timeframe. Bearish Market: When the close price is below the 200-period EMA on the Daily timeframe. Directional Candle Coloring: Green Background: Applied when the close is above the 50-period EMA and the market is not bearish. Red Background: Applied when the close is below the 50-period EMA and the market is not bullish. Uses the Average True Range (ATR) to define a range threshold. Suppresses signals when EMAs are within this range, indicating a sideways market. Plotting Entry Signals: Plots arrows on the chart for potential long and short entries on the 1-hour and 4-hour timeframes. Breakout Candle Coloring: Colors candles blue when a bullish breakout condition is met. Colors candles orange when a bearish breakout condition is met. How to Use Trend Identification: Use the background coloring to quickly identify the overall market trend. Green Background: Suggests bullish conditions; consider looking for long opportunities. Red Background: Suggests bearish conditions; consider looking for short opportunities. Entry Signals: Look for plotted arrows on the chart. Green Upward Arrow: Indicates a potential long entry signal on the 1-hour or 4-hour timeframe. Red Downward Arrow: Indicates a potential short entry signal on the 1-hour or 4-hour timeframe. Breakout Opportunities: Watch for candles colored blue or orange. Blue Candles: Highlight significant upward price movements. Orange Candles: Highlight significant downward price movements. Avoiding Ranging Markets: Be cautious when signals are suppressed due to ranging conditions; the market may not have a clear direction. Example Usage Identifying a Bullish Market: The background turns green. Price crosses above the 50 EMA. A green upward arrow appears below a candle on the 1-hour or 4-hour chart. Identifying a Bearish Market: The background turns red. Price crosses below the 50 EMA. A red downward arrow appears above a candle on the 1-hour or 4-hour chart. Notes Open-Source Code: The script is open-source, allowing users to review and understand the logic behind the indicator. Educational Purpose: This indicator is intended to aid in technical analysis and should not be used as the sole basis for trading decisions. Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any investment decisions.
Pine Script™ indicator
by TraderOuss_LumaNex
Moving Average Simple Tool [OmegaTools]This TradingView script is a versatile Moving Average Tool that offers users multiple moving average types and a customizable overbought and oversold (OB/OS) sensitivity feature. It is designed to assist in identifying potential price trends, reversals, and momentum by using different average calculations and providing visual indicators for deviation levels. Below is a detailed breakdown of the settings, functionality, and visual elements within the Moving Average Simple Tool. Indicator Overview Indicator Name: Moving Average Simple Tool Short Title: MA Tool Purpose: Provides a choice of six moving average types with configurable sensitivity, which helps traders identify trend direction, potential reversal zones, and overbought or oversold conditions. Input Parameters Source (src): This option allows the user to select the data source for the moving average calculation. By default, it is set to close, but users can choose other options like open, high, low, or any custom price data. Length (lnt): Defines the period length for the moving average. By default, it is set to 21 periods, allowing users to adjust the moving average sensitivity to either shorter or longer periods. Average Type (mode): This input defines the moving average calculation type. Six types of averages are available: SMA (Simple Moving Average) EMA (Exponential Moving Average) WMA (Weighted Moving Average) VWMA (Volume-Weighted Moving Average) RMA (Rolling Moving Average) Middle Line: Calculates the average between the highest and lowest price over the period specified in Length. This is useful for a mid-range line rather than a traditional moving average. Sensitivity (sens): This parameter controls the sensitivity of the overbought and oversold levels. The sensitivity value can range from 1 to 40, where a lower value represents a higher sensitivity and a higher value allows for smoother OB/OS zones. Color Settings: OS (Oversold Color, upc): The color applied to deviation areas that fall below the oversold threshold. OB (Overbought Color, dnc): The color applied to deviation areas that exceed the overbought threshold. Middle Line Color (midc): A gradient color that visually blends between overbought and oversold colors for smoother visual transitions. Calculation Components Moving Average Calculation (mu): Based on the chosen Average Type, this calculation derives the moving average or middle line value for the selected source and length. Deviation (dev): The deviation of the source value from the moving average is calculated. This is useful to determine whether the current price is significantly above or below the average, signaling potential buying or selling opportunities. Overbought (ob) and Oversold (os) Levels: These levels are calculated using a linear percentile interpolation based on the deviation, length, and sensitivity inputs. The higher the sensitivity, the narrower the overbought and oversold zones, allowing users to capture more frequent signals. Visual Elements Moving Average Line (mu): This line represents the moving average based on the selected calculation method and is plotted with a dynamic color based on deviation thresholds. When the deviation crosses into overbought or oversold zones, it shifts to the corresponding OB/OS colors, providing a visual indication of potential trend reversals. Deviation Plot (dev): This plot visualizes the deviation values as a column plot, with colors matching the overbought, oversold, or neutral states. This helps users to quickly assess whether the price is trending or reverting back to its mean. Overbought (ob) and Oversold (os) Levels: These levels are plotted as fixed lines, helping users identify when the deviation crosses into overbought or oversold zones.
Pine Script™ indicator
by OmegaTools
5
M.Kiriti RSI with SMA & WMAThis script is a custom RSI indicator with added SMA and WMA moving averages to smooth RSI trends and improve analysis of momentum shifts. 1. RSI Calculation: Measures 14-period RSI of the closing price, default threshold levels at 70 (overbought) and 30 (oversold). 2. Moving Averages (SMA and WMA): - SMA and WMA are applied to RSI for trend smoothing. - SMA gives equal weight; WMA gives more weight to recent values, making it more responsive. 3.Overbought/Oversold Lines and Labels: - Horizontal lines and scale labels at 70 (overbought) and 30 (oversold) make these levels easy to reference. This indicator is useful for identifying potential reversal points and momentum trends when RSI crosses its moving averages.
Pine Script™ indicator
by kiritisai18