⭕️Innovative trading indicator that utilizes a k-NN-inspired algorithmic approach alongside traditional Exponential Moving Averages (EMAs) for more nuanced analysis. While the algorithm doesn't actually employ machine learning techniques, it mimics the logic of the k-Nearest Neighbors (k-NN) methodology. The script takes into account the closest 'k' distances...
In this script, the "TRAX" (TRIX) indicator is calculated using the Volume Weighted Moving Average (VWMA) instead of Exponential Moving Average (EMA) like the standard TRIX. The Detrended Price is used to identify short term cycles with a rate of change verses the rate of change from a triple smoothed TRAX VWMA . The strategy is intended for counter-trend trading,...
(Volume Change Indicator) It is an analytical tool that studies the trading volume and its changes. This indicator uses the Simple Moving Average (SMA) to calculate the average volume for a specific period of time. Only candles that meet the required conditions are determined when the trading volume is greater than or equal to the calculated average. This...
The Weighted 5-DMA + is a custom indicator that calculates and plots a 5-day moving average (5DMA) based on a combination of intraday and higher timeframes during regular trading hours. The purpose of this indicator is to provide a comprehensive view of the market trend by considering multiple timeframes and focusing on data from regular trading hours. Unique...
Multi Moving Average Analysis A highly customizable indicator to help discover moving averages being used in the market. 📈 Chart up to 15 Moving Averages in the same indicator ⏳ Changeable time frame resolution Ⅲ Available types - Simple, Weighted, Volume-weighted ≡ Custom and pre configured length sets 🪄 Automatic hiding of moving averages a set %...
The Rejection Zone Indicator can be used to help trend following traders know when to buy dips in up trends, and when to sell pull backs in down trends. The Rejection Zone Indicator is made up of the 20 and 50 period Exponential Moving Averages. This indicator has colored shading in between these two EMAs, which acts as a nice visual. When the 20 period...
This script centers around a weighted moving average band, to show price action when its in a bull or bear trend. Included for trend purposes are two volume weighted moving averages, a 99 and 500 length respectively. Above the weighted moving average band, barcolor is green and below it is red. We also have key open levels, the daily, weekly, monthly and...
The Fibonacci Ribbon (FibRib) creates two Fibonacci moving averages: essentially a Fibonacci WMA and a Fibonacci EMA. The ribbon colors based on which is higher and where PA is relative to the ribbon. Optional colored candles shades candles the same color as the ribbon.
Problem: (1) lag of traditional MA's, (2) lack of Volume data in traditional MA's, and (3) choppiness of traditional MA's. Solution: apply hull formula tick to tick, simply at a factor of 1:1. Result: Smooth and fast MA that has volume data baked in it. Benefit: See trend changes fast, and if it is supported by volume. Pleasant to the eyes. Explanatory note:...
Included in this indicator: - Fast/Slow EMA's - Fast/Slow SMA's - Fast/Slow WMA's - Fast/Slow HMA's - Fast/Slow RMA's ----- Use of of the type of Moving Averages. Or use them all. ----- User-friendly. You can change all the inputs, they are labelled for ease-of-use. You can toggle On/Off any or all of the options.
RedK Slow Smooth Average (RSS_WMA) is based on simple, multi-WMA passes to generate a moving average that sacrifices low-lag and fast responsiveness for the sake of smoothness. This smoothness enables an increased trader ability to visualize and track longer-term trends and removes the noise of smaller, relatively insignificant price...
This Study try to simulate Weakening and Strengthening trends on Bear(down) or Bull(up) movements. It looks to VWMA - TEMA trend for Bull / Bear trend and looking for SMA - VWMA trend for Weak / Strong trends. On default settings Line shows the difference between VWMA - TEMA and Columns show difference between SMA - VWMA. Suggesting to use this script for 5m...
MAVC: Moving Averages Combo by Mehmet Yildizli ========================================== You can use this indicator to add more than one moving average on the same chart. At the beginning of the indicator settings, the "Volume For Tillson" parameter is used only when you select the Tillson moving average. When you check the "Use (high + low + 2 * close) / 4"...
Hilega Milega is origanal Idea given by Nitish Kumar sir, I just coded it. It uses RSI on which WMA and EMA plotted. Values Used : RSI = 9 WMA = 21 EMA = 3
The End Point Moving Average was created by Patrick E. Lafferty (Stocks & Commodities V13 (413-417)) and it is essentially a variation of the weighted moving average but the weight system is different. Feel free to change the offset and length amounts to adjust to your needs but I'm using the default amounts in my script. This hugs the price very closely and I...
Overview Simple trend indentification indicator based on a mix of SMA & WMA components. Default settings built for the 1D chart with an optional 3rd fast MA that can be toggled. Can be used alongside more advanced Tradespot indicators Access PM me, our indicators come as a wider package.
This is another indicator that I have created that is my favorite script yet for a weighted moving average. This indicator is very similiar to a classic weighted moving average but in this version I'm cubing the weights. It hugs the price very closely as you can see and of course buy when the indicator line is green and sell when it is red. Let me know if you...
The Variable Power Weighted Moving Average was created by RedKTrader so make sure you follow them! This is a very handy indicator where you can change the weights of the weighted moving average yourself! For an easy guide here are common values to use to convert this indicator into other indicators: Power = 0 = Simple Moving Average Power = 0.5 = Square Root...