The Adaptive Laguerre is based on the Laguerre filter, described by John Ehlers in his paper “Time Warp – Without Space Travel”
MAs obtained using a Laguerre filter tend to have much lower lag than MAs obtained from an SMA or EMA.
- Identify market regime (BULL vs BEAR)
- Smooth out a noisy...
Most of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.
I was reading Jesse Stine's Insider Buy Superstocks book, and one of the technical traits he mentioned of a superstock (read the book, seriously, very strongly recommended) was a breakout above the 30 weekly moving average. He goes on to mention that after breakout, the 10 WMA often acts as a support line where you can add to your position. This script is inspired...
Note: This script does not perform well on its own and is meant to inspire other coders, just sharing it because why not :)
The idea is simple, highest only gets calculated for green candles, lowest only gets calculated for red candles. a yellow dot gets created when a candle gets below lowest line and closes bullish, vise versa for red dots.
Hope someone can use it.
This is a script to help the beginners locate the candle patterns. It has a nice code that can be used in other scripts too. Easy to use with separated functions, simple patterns and complex patterns detections.
I have done some updates at the Candlestick Patterns Identified script by @repo32. Was a good start of my ideia. Tks for sharing repo.
It will be...
This is a simple indicator that plots the 24 & 9 EMAs.
It also highlights the potential bias of the market (bull or bear) based on if the 9 EMA is above or below the 24 EMA.
In addition there are signal crosses that you can use for alerts.
This indicator is best used to confirm a particular underlying bias on the 5m, 15M, 1HR, 4HR, and Daily timeframes.
This indicator was originally developed by Eric Lefort, a professional trader and author from France.
It gauges and displays the bullish or bearish pressure.
Like and follow for more open source indicators!
This indicator is a collaboration between me and Himeyuri, i encourage you to check her profile and follow her www.tradingview.com
A lot of indicators include a "trigger" line, it can be a smoothed version of another input, in this case the trigger will generate signals from his crosses with the input. The purpose...
A hybrid representation of Elder Ray's Bear/Bull as an oscillator, using TEMA and LRC calculations to average out the signals. The Oscillation is based off of the Derivative oscillator. This gives an interesting interpretation of Bear vs Bull power. Give it a try!
This is modified version of Dale Legan's "Confluence" indicator written by Gary Fritz.
Here is Gary`s commentary:
Since the Confluence indicator returned several "states" (bull, bear, grey, and zero),
he modified the return value a bit:
-9 to -1 = Bearish
-0.9 to 0.9 = "grey" (and zero)
Allright gang, we are here with a new indicator that should help you with determining the direction to trade or whether you should trade at all.
It uses the close of the candle and 2 EMAs.
The faster moving line is the difference between the close and the Slow EMA, while the slower moving line shows the difference between the Fast EMA and the Slow EMA.
New indicator, I hope you like it.
- If you want to filter more the signals you can activate in MacD Filter in the configuration.
- The use of the indicator is simple, with a simple Trader evaluation you can take good positions.
To Survive in Bear Markets or in Horizontal Markets;
EMA Rainbow ;
EMA Rainbow is a rainbow which is formed by multiplying the moving average by certain proportions and reflecting up and down on the ema200. According to the observations, dark green areas are strong buying areas, dark red areas are strong sales regions. Trading decisions can be made according to...