My HL2MA is a 'proprietary' formula based on the idea that I never again want to see a jagged average line. I released a version of this a long time ago, but I wanted to update it to how I have it on my charts in other platforms. Here are some notes about this moving average script:
The default input value is 5, and I suggest the range of use 4-6 with the...
This code is based on Smoothed HA candle which will work on all chart types
condition for BUY:
1. When close crosses Smoothed HA
2.Close should be in side upper band
3.BBW must be greater than the average
vice versa for sell
this code takes data from HA chart so that it can be applied on all chart type.
Bollinger band and Bollinger band width conditions added...
Description : This SwissArmyKnife - MultiPurposeIndicator allows user to modify the Directional index based on one of filtering tools proposed by John F.Ehlers .
Details of each filtering type can be read in Ehlers Technical Papers: "Swiss Army Knife Indicator" and/or his book "Cybernetics Analysis for Stock and Futures"
These study scripts was built...
-This script uses a triple EMA strategy to establish trend direction and reversal points
-Inputs are smoothed with Heiken Ashi values to reduce whipsaws, while providing timely execution
-Buy and sell indications are dictated by bar color
-Bar color is dictated by the candle close value in relation to the EMAs, specifically the faster of the 3
(If candle closes...
The following moving average adapt to the average number of highest high/lowest low made over a specific period, thus adapting to trend strength. Interesting results can be obtained when using the moving average in a MA crossover system or as a trailing support/resistance.
Length : Period of the indicator, with higher values returning smoother...
-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator.
-Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line.
So far the most widely used moving average with an adjustable weighting function is the Arnaud Legoux moving average (ALMA), who uses a Gaussian function as weighting function. Adjustable weighting functions are useful since they allow us to control characteristics of the moving average such as lag and smoothness.
The following moving average has a simple...
I would like to introduce you Trend quality cross indicator. The idea orginallybcomes from @kruskakli and his indicator "Trend Quality" so shout-out to him
I have modified the indicator to display just binary option buy/sell and display diff percentage from previous cross. Also there is a difference that I have double smoothed tq indicator results to...
This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily.
There are three scaling methods: User Defined, Dynamic (ATR) and Percentage
Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages
Optionally you can hide the Wicks,...
The Impossible RSI is built on original RSI. If users want traditional RSI value, they can choose "Traditional RSI" in RSI mode. Untick "Log transform" ,"Error Correcting Smoothing " and "show columns" options in settings.
Orginal RSI allows negative price as input. By using the log transform on input price, we...
Mom is a momentum indicator calculated based on the EWMA historical volatility.
It calculates the difference between the upward volatility and downward volatility.
An advanced smoothing technique is used to smooth the indicator for people who want to get rid of noises. It has error-correcting property and limits...
I assume that most of you already know Relative Strength Index indicator. It gives us the following signals in general, when we see the following conditions occur. If RSI crosses;
1. 30 above, it means BUY signal.
2. 50 above, it means WAIT signal.
3. 70 above, it means WAIT and be careful for SELL signal.
4. 70 below, it means SELL signal.
5. 50 below, it means...
Just a clean script that can be applied on top of other indicators/sources or you can take the function out of the source and use it in other scripts.
The idea for this was taken from www.pinecoders.com except I am utilizing an EMA instead of SMA. Simply put, we are combining a low-pass filter (moving...
%Bollinger Band Width
This is a support indicator to the Main Indicator which has also been published.
This indicator uses the close of a candle and compares where it is in relation to the upper and lower levels of a Bollinger Band. This is a centred oscillator where anything below the zero line is indicating a short signal and anything above zero is...
This "on chart" indicator is used purely as a visual sentiment to directional momentum of the pair you are looking at.
it is split into two parts, both of which i will explain below.
1, The SMA (purple and blue fading visual mas) this is used to find the directional momentum
2, the DMA (a slightly delayed Moving Average), is used to decide if the market is...
|AG| Heiken Ashi Scanner
Heiken Ashi shares some characteristics with standard candlestick charts but differs
based on the values used to create each candle.
Instead of using the open, high, low, and close like standard candlestick charts,
the Heikin-Ashi technique uses a modified formula based on two-period averages.
This gives the chart a smoother appearance,...
Crossing the Smoothed Moving Averages with settings 5 & 13 give you confident signal for selling or buying.
IMPORTANT: Signal is always late.
SELL : Short SMMA (5) cross the Long SMMA (13) from top
BUY : Short SMMA (5) cross the Long SMMA (13) from down