Moving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about.
MACD Basic concept
Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying...
The Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator.
The indicator uses the formula for the first twelve Fibonacci numbers on highs and...
Markets tend to mean revert. This indicator plots a moving average from a higher time frame (type of MA and length selectable by the user). It then calculates standard deviations in two dimensions:
- Standard deviation of move of price away from this moving average
- Standard deviations of number of bars spent in this extended range
The indicator plots a table...
Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends" . I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a...
The Power Indicator is intended to return some exponential moving average, vwap, volume bar, and others. With this compilation, you will be able to use them as one indicator in Trading View.
The components are:
- EMA9 - Exponential Moving Average of 9 days
- EMA21 - Exponential Moving Average of 21 days
- EMA50 - Exponential Moving Average of 50 days
- EMA200 -...
Larry Williams used this system to win the trading championship
Hello friends, I bring a script with a trading strategy to be used in futures such as Index, Forex and Commodities. Developed by famous trader Larry Williams.
In them we use two 3-period Simple Moving Averages (Arithmetic) (one with the high price, the other with the low price), and a 21-period...
This is a Primo #4 with extra ADX condition to avoid range bound enviroments.
1. ADX must be above 20
2. Price above 50 SMA for long and below 50 SMA for short settings.
3. Short EMA above Middle EMA
4. Pullback and 80 % bounce from Middle EMA within 2 bars
Risk/reward ratio and fund management is eseential, I recomend at least 3/1 and no more than 3 %. Arrows...
CorrectedMA The strengths of the corrected Average (CA) is that the current value of the time series must exceed a the current volatility-dependent threshold, so that the filter increases or falls, avoiding false signals when the trend is in a weak phase.
This script is a technical analysis tool for financial traders that plots Simple Moving Average (SMA) and Exponential Moving Average (EMA) indicators in a chart. It is an overlay indicator, meaning that the plotted values will be superimposed on top of the price chart. The script provides a visual representation of the trend of a financial instrument's price over...
This strategy utilizes two pairs of different Moving Averages, two Volume-Weighted Moving Averages (VWMA) and two Simple Moving Averages (SMA).
There is a FAST and SLOW version of each VWMA and SMA.
The concept behind this strategy is that volume is not taken into account when calculating a Simple Moving Average.
Simple Moving Averages are often used to...
The following script returns a moving average designed to be used as a signal line in a moving average crossover system. The moving average will diverge from the price during ranging markets and reach the value of a regular moving average during trending markets.
Length: Moving average period
Src: Source input of the indicator
This indicator returns a moving average converging toward the price the more a trend makes new higher-highs or lower-lows depending on the detected trend.
Length: Controls the initial moving average smoothing factor ( 2 / (Length + 1) ), as well as the period of rolling maximums/minimums.
Increment: Smoothing factor increment ( 2 / (Increment+ 1)...
Relative Strength Index with Moving Average, Linear Regression, Zig Zag (Highs and Lows), Divergence, Ichimoku Cloud, Moving Average Convergence Divergence and True Strength Index Histogram
This script is based on zdmre's RSI script, I revamped a lot of things and added a few indicators from ParkF's RSI script.
Disable Labels in the Style tab and the histogram if...
Refracted EMA is a price based indicator with bands that is built on moving average.
The price range between the bands directly depends on relationship of Average True Range to Moving Average. This gives us very valuable variable constant that changes with the market moves.
So the bands expand and contract due to changes in volatility of the market, which makes...
Plots moving average both EMA as well as SMA on Multiple timeframes at once in a Tabular Format
for rapid indication of momentum shift as well as slower-moving confirmations.
Displays EMA/SMA 5 8, 13, 21,34,55,89,100,200,400 by default as well as provide the users the flexibility to choose the timeframe as per their set up.
Herewith a simple oscillator that show the difference in price between a Moving Average of the price, and the current VWAP
This show as a histogram
On top of that is a Moving Average of the histogram value, shown as a blue / red line with an option to hight these crossing and also crossing zero
Simple idea ; code open.