4x Multi-Timeframe RSI - by Redjinator (August 2019)
This is a new version of an old indicator of mine and has been updated for a much more accurate reading of timeframes greater than the on screen chart.
Features of this indicator are:
- under the hood it uses pine script v 4.0
- repainting issues normally caused by pulling data from higher...
description:
• Zig Zag indicator plots points on the chart whenever prices reverse
by a percentage greater than a pre-chosen variable.
• Forecasts area based on zigzag statistics.
• Displays labels with detected patterns.
• Displays slope information rate of price, time diferentials and angle(experimental)
This Script analyses trends using an EMA Ribbon (Can be adjusted to any timeframe).
tips are always welcome at: 38uGQJDDZDL6wX48x4gYTccPeQ3ZHVYmY4 (btc)
I hope you enjoy the script :)
This moving average was originally developed by John McCormick in 2008 as NinjaTrader indicator. The purpose was to find a cheap replacement for JMA ( ).
Well, not impressive concerning the response.
Source code on request .
Introduction
I had the idea to make this indicator thanks to @dpanday with the support of @Coppermine and @Reika. Vwap is a non parametric indicator based on volume used by lot of traders and institutions, its non parametric particularity makes it great because it don't need to go through parameter optimization. Today i present a similar indicator called Ratio...
Indicator returns an average of 5 SMAs. an interesting point that I have noticed that the price has several times reacted on it.
Note 1: Do not just use this as a criterion for buying and selling, use as one more aid.
Note 2: It is possible to leave in the chart all the averages, if you feel it...
7 different types of moving averages (5 different lengths of each) compared to a base moving average. Base moving average can be configured to be a slew of different types of moving averages (credit to @mortdiggiddy for the code) and have a custom length.
Red = base moving average is over other moving average (bearish)
Green = base moving average is under other...
█ WARNING
The publication of our ConditionalAverages library has deprecated this publication.
█ ORIGINAL DESCRIPTION
The need to calculate averages (arithmetic mean) comes up here and there in scripts. When you want the average of a value only when a given condition has occurred, you will often not be able to use the standard sma function in Pine because...
![USDCAD: [RS]ZigZag Percent Reversal - Forecast - patterns - labels](https://s3.tradingview.com/s/seTYoI2K_mid.png "[RS]ZigZag Percent Reversal - Forecast - patterns - labels")
