Fun name for an indicator, eh? Well, it is true, I think; they look like magic carpets. They're actually pretty simple actually. They're Keltner Channels smoothed with a moving average. If you go down to the lookback period for the bands and set it to 1, you'll recognize them immediately.
Digging a bit deeper you see there are four magic carpets on the chart. The...
I made this script as a personal tool while backtesting multiple moving averages. It allows you to easily access and switch between different types of moving averages, without having to continuously add and remove different moving averages from your chart.
It also has the option to show the a 14 period average distance between the closing price of an asset and...
This version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis...
The Balance of Power is an indicator that measures the strength of buyers versus that of sellers in the market, and needs to be smoothed by a moving average to be of much practical use (come to think of it, most indicators are smoothed by a moving average; this is why the RSI lookback mostly commonly used is 14, and not 1, but I digress...). I suppose it is...
Ichimoku + 2 base line
This indicator is a combination of Ichimoku cloud indicator with two base lines.
The first base line is the same as the Ichimoku default settings but the baseline 2 indicates an average of 108 candles in the past and it acts as a strong support and resistance level.
How to use this indicator?
You can use this indicator to see if a...
Version 1.0 with some possible updates in the future.
Based on Ichimoku Cloud, this indicator pulls information about Tenkan, Kijun, as well as the Cloud Spans to calculate an immediate to short-term level of support or resistance, depending on whether price is above or below it.
Breaking across the line can be a good indicator of when to be long or short on the...
NNFX All-in-One Baseline display / test tool.
This is usefull (hopefully) for the NNFX way of trading only. It's not intended to be used as a standalone tool.
Basically, this script displays and tests many types of Moving Averages as baselines.
It displays baseline signals, based on the NNFX ATR-related rule for baseline entries.
It can be used as a backtest...
What is Baseline?
Baseline acts as powerful filter for CW-Lynx. With this indicator, you can easily tell if market is in uptrend or downtrend.
Market is in uptrend if baseline turns green, and market is in downtrend if baseline turns red.
Settings
Default Base Line Settings allow us to input the Smoothing Type, Length, Source, and Time Frame (Multi-Time...
What is the Base Line?
The Base Line functions as a powerful filter to our primary and continuation signals. With this indicator, we aim to provide you the best method of testing multiple Base Lines to determine what will be the best variant to fit within your trading structure.
Should you have difficulty adding it you can search for 'Cracking ' in the...
Underworld Hunter + Base Zone is designed to keep traders out of ranging markets by establishing a "dead zone" between the bands where price may be choppy or trends may be short lived. The original Underworld Hunter from @greenmask9 adapted Bollinger Bands by changing the basis from SMA to the EMA of the EMA of the EMA. This version now allows the user to select...
The Caretakers Moving Average Baseline Comparison Indicator.
I introduce My Moving Average Baseline Comparison Indicator.
This indicator Displays the (Selectable) Source as a 'Zero' Baseline.
The Baseline source can be selected from any of the indicators 7 EMAs or 4 SMA's.
It can also be chosen from any external indicator or chart plot series.
(Default =...
This script shows the Ichimoku Baseline and ATR Bands.
Inspired by VP's algorithm this indicator tell you if you can open a trade or not.
How to use:
If a long/short candle cross the baseline and its close is higher/lower the ATR bands DO NOT TAKE the trade, otherwise feel free to enter.
Input variables:
Baseline Period (26 is default)
ATR Period ...
Backtesting of Uber Baseline
equity 50k
2% Risk
optimized on USD pairs
start year and month input
ATR based Stop-Loss
no trade on Overshoot Up/Down
no trade against the trend
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DM / Tip / Subscribe for access
This script shows how many time a specific candle cross the Ichimoku baseline in different periods.
How to read:
When the green or red line cross the white line (25) this is a strong long or short signal.
This is the baseline and range candles part of a larger algorithm called the "BERLIN Renegade". It is based on the NNFX way of trading, with some modifications.
The baseline is used for price crossover signals, and consists of the LSMA. When price is below the baseline, the background turns red, and when it is above the baseline, the background turns green.
It...
Baseline
This indicator allows you to choose different styles of moving averages from a drop-down. The PRO version has over 15 different MA modes and calibration settings.
Designed for Algorithmic Trading.
Baseline
Designed for Algorithmic Trading.
This indicator contains over 15 different styles of Moving Averages that you can select from a drop-down, and more will be added on request.
Includes Hull, Jurik, AMA to name a few.
Many customization options
Some Features include
- Bar colors based on trend
- ATR trend channels
- Crossovers highlighted with...
![LTCUSD: Strategy - Backtest Uber Baseline [UTS]](https://s3.tradingview.com/k/Kgpbr02y_mid.png "Strategy - Backtest Uber Baseline [UTS]")
![AUDNZD: [GM Lite] Baseline](https://s3.tradingview.com/t/ToYxrEsn_mid.png "[GM Lite] Baseline")
![AUDNZD: [GM PRO] Baseline](https://s3.tradingview.com/b/b7SceILF_mid.png "[GM PRO] Baseline")