Level: 3 Background Developed by M. H. Pee, the Trend Continuation Factor aims to help traders identify whether the market is trending, and, in case it is, in what direction it is headed. It can be used in any time frame, with every currency pair and is suitable for beginner traders. Function The indicator is comprised of two lines, namely the PlusTCF and...
Level: 1 Background The trend detection index (TDI), which can be used to help detect when a trend has begun and when it has come to an end. Function The Trend Detection Index (TDI) is used to identify when a trend has started and when it ends. The TDI can be used as a stand-alone indicator or combined with others; It will work well when it comes to spotting...
Level: 1 Background This indicator buffs up your moving averages using the volume-weighting method presented in Buff Dormeier's article in 2001, "Buff Up Your Moving Averages." The weighting formula has been created as a function in pine script so that it can be referenced from any analysis technique or strategy. In addition, a simple two-line volume-weighted...
Level: 1 Background In Muranaka's article, "Ichimoku Cloud" was described. It contains Ichimoku - Lines and Ichimoku - Cloud. Function In the article, Muranaka states that the "market has improved when the delayed line is above the closing prices at that past date." Thus, for this indicator, when the delayed line is above the closing prices at the past date,...
Level: 1 Background Omega Research proposed volume oscillator indicator in June 2000. Function This is actually a volume-price indicator. With columns greater than zero line, which indicates a up trend. Otherwise, it is a down trend. Green columns indicate up trend pump; yellow columns indicate up trend retracements; red columns indicate down trend dump;...
Level: 1 Background Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend. Function Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal. You can adjust parameters to fit for your trading pair and use it and...
Level: 1 Background Joe Sharp propsed a "More Responsive Moving Averages (MMA)" in Jan, 2000. He describes a modified moving average that greatly diminishes the lag that is typically associated with moving averages. With the formula described in the article, the moving average line is more responsive to changes in the price action. Function An MMA indicator...
Level: 2 Background Invented by Patrick Lafferty in 1999, a Sine Weighted Moving Average (SWMA) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set. It is therefore very similar to the Triangular Moving Average. Function A sine weighted moving average (Sine-MA)...
Level: 2 Background In Jeffrey Owen Katz's article "Trading stocks with a cyclical system" he introduces the Stock Rhythm System. I found the central part is quite similar to KDJ indicator and I use my own KDJ algo to enhance its performance. Function Jeffrey Owen Katz has a customized stochastic indicator. I used it as the engine of my own KDJ trading...
Level: 1 Background This indicator/formula was presented in the May 1998 issue of the ‘Technical Analysis of Stocks and Commodities’ magazine. The article was titled “Automatic support and resistance” the article described an approach to finding support and resistance levels on a chart. Function Support and resistance analysis is a proven method for...
Level: 2 Background Kaufman’s Adaptive Moving Average (KAMA) was developed by American quantitative financial theorist Perry J. Kaufman in 1998. The technique began in 1972 but Kaufman officially presented it to the public much later through his book, “Trading Systems and Methods.” Unlike other moving averages, Kaufman’s Adaptive Moving Average accounts not only...
Level: 1 Background Before this script, I cannot find a IE/2 moving average script in tradingview. Although it is not so complex, it is meaningful to be the 1st Tim Tilson IE/2 script in tradingview community. IE/2 moving average was disclosed in "Smoothin Techniques For More Accurate Signals", Tim Tilson, S&C Magazine, Traders Tips, 01/1998. Function...
Level: 1 Background T3 Moving Average is the responsive form of traditional moving averages. Presented in 1998 by Tim Tillson, T3 is also known as the Tillson Moving Averages. The thought behind the development of this technical indicator was to improve lag and false signals, which can be present in moving averages. Function The T3 indicator performs...
Level: 2 Background @pips_v1 has proposed an interesting idea that is it possible to code an "Adaptive Jon Andersen R-Squared Indicator" where the length is determined by DCPeriod as calculated in Ehlers Sine Wave Indicator? I agree with him and starting to construct this indicator. After a study, I found "(blackcat) L2 Ehlers Autocorrelation Periodogram"...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background The Triple Exponential Moving Average (TRIX) indicator is a strong technical analysis tool. It can help...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background The Rainbow Charts indicator is a technical analysis tool that follows trend. It helps traders to visualize a...
NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused. Level: 1 Background Mel Widner developed the Rainbow Oscillator and published it in 1997 in the Technical Analysis of Stocks and...
Level: 1 Background The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES . Function This script fristly creates the coeffR function which is used to produced the R-Squared indicator. The coeffR function is used to calculate the correlation coefficient R. Once I have created and verified the coeffR...