Short Version:
This here is my take on the popular VWAP indicator with several novel features including:
Dual EMA smoothing.
Arithmetic and Harmonic Mean plots.
Custom Anchor feat. Intraday Session Sizes.
2 Pairs of Bands.
Side Input for Connection to other Indicator.
This can be used 'out of the box' as a replacement VWAP, benefitting from smoother...
THETA
Is an Intraday Strategy Indicator, To be used over 1 minute chart and in conjunction with built in pine indicator Pivot Point Standard, {Fibonacci One}
I came across this Strategy Indicator while reading through the Forex Trading Journals, and thought of sharing you guys
The Indicator Comprises of amalgamation of
TEMA : Triple Exponential Moving...
FRAMA Awesome Oscillator (FAO) is an indicator that is non-limiting oscillator, providing insight into the weakness or the strength of a security. The Oscillator is used to measure market momentum and to affirm trends or to anticipate possible reversals. It does this by effectively comparing the recent market momentum, with the general momentum over a wider frame...
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's...
PROBLEM DEFINITION 1 : To Avoid False Breakouts
PROBLEM DEFINITION 2 : To Ascertain if the trend has changed when a Stock opens with a Gap up or Gap Down
## PROBABLE SOLUTION : Use a Moving Average with lot of latency
## PROBLEM WITH ABOVE SOLUTION : Misses on lot of trades, Late exits leads to drain on winning trades
S O L U T I O N
An Indicator which...
It's my new strategy using EVWMA (Elastic Volume Weighted Moving Average).
Now I created a Bollinger Bands strategy where basis level is EVWMA.
It looks pretty interesting but you have to be careful with the entries/exits on the same bar, I'm using stop orders, so on big moves it happens pretty often.
In the next version, I will try to eliminate these issues....
Continue to experiement with VWAP and EVWMA.
It seems that just simple crosses between VWAP and EVWMA can be pretty good signals. VWAP is a bit choppy so you can use VWAP smoothing input to smoth it a bit.
Here are few other strategies based on EVWMA:
EVWMA VWAP MACD Strategy
QuantNomad - EVWMA MACD Strategy
Based on comment of @coondawg71 I tried to compare VWAP and EVWMA.
Both are sort of moving averages so I decided to create a MACD based on these 2 indicators.
In parameters you can set EVWMA Length and 2 smoothing lengths for "macd" and "signal".
Strategy seems to work pretty good at 2h-8h timeframes for crypto.
What do you thing about it?
Pretty simple EVWMA (Elastic Volume Weighted Moving Average ) MACD Strategy.
EVWMA is a quite interesting moving average where the period of the MA is defined from the volume itself.
It incorporates volume information in a natural and logical way. The EVWMA can be looked at as an approximation to the average price paid per share.
As a volume period, you can use...
Pretty simple EVWMA (Elastic Volume Weighted Moving Average) Cross Strategy. Long on bullish cross, Short on Bearish Crosss.
EVWMA is a quite interesting moving average where period of the MA is defined from volume itself.
It incorporates volume information in a natural and logical way. The eVWMA can be looked at as an approximation to the average price paid per...
EVWMA is a quite interesting moving average where period of the MA is defined from volume itself.
It incorporates volume information in a natural and logical way. The eVWMA can be looked at as an approximation to the average price paid per share.
As a volume period you can use:
- Absolute volume value, for example floating number of shares. 134M for Tesla for...
The Elastic Volume Weighted MACD is a variation of standard MACD.
The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average.
I took the formula of EVWMA from public library coded by LazyBear.
I use EVWMACD as a trend confirmation indicator.
Just tune all lengths and parameters according to your instruments
Elastic Volume Weighted Moving Average indicator script. This indicator was originally developed by Christian P. Fries (Technical Analysis of Stocks & Commodities, June 2001).
Elastic Volume Weighted Moving Average (EVWMA) with Trend and Envelopes.
Original version by LazyBear, trend function by Shizaru, combination by Spreadburn.
EVWMA ACCUMULATION/DISTRIBUTION PRESSURE & FRACTAL BANDS
Version: 3.0 @ 4.11.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The following indicator IS NOT INTENDED TO BE A FORMAL INVESTMENT ADVICE OR TRADING RECOMMENDATION BY THE AUTHOR, nor should be construed as such. Users will be fully responsible by their use regarding any kind of trading...
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