UM-MA-DIRECTION Indicator Indicator Description The UM-MA-Direction indicator adds a few more features to a traditional Moving Average indicator. The primary difference is color change upon MA direction. The indicator is green when trending higher and red when trending lower. Additionally, a MA of the MA can be configured. This gives a smoothing effect...
1 Indicator Purpose: • The indicator serves as a technical analysis tool for traders to identify potential bullish and bearish trends in the market. • It highlights periods where the closing price is above or below a 50-period simple moving average (SMA), indicating potential bullish or bearish sentiment,...
ELMA - Exponential Logarithmic Moving Average This is a new kind of moving average that is using exponential normalization of a logarithmic formula. The exponential function is used to average the weight on the moving average while the logarithmic function is used to calculate the overall price effect. Features and Settings: ◻️ Following rate of change...
Indicator Overview The "MFI - Momentum Fusion Indicator" is a comprehensive trading tool designed for TradingView that combines several technical analysis methods to assist traders in identifying potential buy and sell opportunities in financial markets. Key Components Moving Averages (MA): Uses two Simple Moving Averages (SMA) with periods defined by the user...
This indicator uses two specific SMA configurations conditioned by an angular slope that is always repeated in trend markets, which are usually beneficial in swing or long-term strategies. SETTINGS - Fast Angle Threshold: Is the value in degrees for the condition of the fast sma - Slow Angle Threshold: Is the value in degrees for the condition of the slow sma -...
Based on the Oliver Velez Color Change strategy, this indicator plots the three basic SMAs (set at default to 8, 21 and 200 SMA). The indicators are colored based on their slope. There are several alerts possible as well. These include: Moving average crossover: mid SMA (21) crosses the long SMA (200) Strong Color Bar Change: when the SMAs are aligned in a...
Combined Indicator: Solar EMA and BWMA This custom indicator combines two popular moving average techniques, the Exponential Moving Average (EMA) and the Barycenter Weighted Moving Average (BWMA), to provide insights into market trends and potential trade opportunities. Solar EMA (Exponential Moving Average): The Solar EMA is a dynamic moving average that...
A modified version of the QTE scalper indicator. Produces a buy/sell signal based on a 2 candle pattern. For long signals it produces a signal when the high and low of the second candle are below the high and low of the first candle and both candles close above the 10 period EMA. The reverse is true for short signals. Added functionality so that signals will...
RSI colored with dispersion. This calculates a simple RSI but colored with a twist: It calculates a "dispersion" as a percent (default 10%) of a Bollinger Band calculated over RSI (more precisely, BB is the standard deviation between the exponential moving average and the current RSI). If RSI is in the dispersion zone, then we consider it is inconclusive,...
This custom Pine Script indicator is designed to analyze assets, including cryptocurrencies, through a lens inspired by the Cauchy distribution's characteristics. It focuses on identifying potential long and short opportunities by evaluating the asset's price position relative to a dynamically calculated median price and a scale parameter. Here's a breakdown of...
MBAND 200 4H BTC/USDT with RSI and Volume by MGS-Trading: A Neural Network-Inspired Indicator Introduction: The MBAND 200 4H BTC/USDT with RSI and Volume represents a groundbreaking achievement in the integration of artificial intelligence (AI) into cryptocurrency market analysis. Developed by MGS-Trading, this indicator is the culmination of extensive research...
Trend Fusion: ADX & EMA+Ichimoku is an innovative indicator designed to provide traders with comprehensive insights into market trends. Combining the power of the Average Directional Index (ADX) with Exponential Moving Averages (EMA) and the Ichimoku Cloud, this indicator offers a sophisticated approach to trend analysis. This indicator stands out for its unique...
Purpose: The "Uptrick: EMA SMA Support Resistance Histogram" indicator, known by its short title 'UESH,' is meticulously crafted to offer traders a comprehensive view of potential support and resistance levels, leveraging the crossovers between the Exponential Moving Average (EMA) and Simple Moving Average (SMA). Its distinctive feature lies in the visualization...
this indicator assigns a colour to each candle based on the relationship between the price and the EMAs, The indicator first checks whether the close price is above or below the first EMA, If the close price is above the first EMA the candle is coloured green. If the close price inbetween both EMAs the candle is colored gray. If the close price is below the second...
Description This is a different take on the traditional RSI - Relative Strength Index. This indicator turns the RSI line green when above 50 and red when below 50 making directional changes highly visual. Additionally, an exponential Moving Average is drawn of the RSI. The EMA is green when trending higher and red when trending lower. The area between...
This custom indicator combines the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) into a single trading tool. It calculates the MACD and RSI values, then averages these two indicators to create a composite line. This average line is intended to capture the momentum and relative strength of the market simultaneously, potentially...
## Description of the "Multi-Timeframe SMA Crossover Indicator" script ### Introduction: The "Multi-Timeframe SMA Crossover Indicator" script is a technical indicator created in Pine Script for the TradingView platform. It is a technical indicator that helps traders identify signals of simple moving average (SMA) crossovers on different timeframes. ###...
Exponentially Weighted Moving Average (EWMA) The Exponentially Weighted Moving Average (EWMA) is a quantitative or statistical measure used to model or describe a time series. The EWMA is widely used in finance, the main applications being technical analysis and volatility modeling. The moving average is designed as such that older observations are given lower...