I like Fibonacci and I think multiple MAs are best for identifying the trend. This one is based on someone else's script. I just need to share it with a friend =)
Draws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are.
Easily identify current price relative position to these key prices.
I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close.
Monthly: red line (MMMMM)
Weekly: orange line (WWWWW)
Daily: yellow...
This channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
Originates from:
I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy.
Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position.
Conditions: Buy when price closed below...
This is a simple multi time frame (MTF) conversion of the Ichimoku Cloud Score indicator.
All credit goes to the following users for the initial implementations:
- User @dashed :
- User @sjb933 :
This script calculates the Cloud Score based on the sjb933 version; all I've done is convert the script to Pinescript version 3 (to ensure the security function...
T3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk...
@version=2
This indicator is designed to give early entry signals as well as to follow trend moves, according to different settings.
The indicator shows a histogram of the RSI ro MFI in relation to an ema of the RSI or MFI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI/MFI line with oversold/overbought indication can be...
How does this indicator works and what it is?
It consist of 3 T3 moving averages. T3 moving average was developed by by Tim Tillson and is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well.
This indicator works on any stock, index, future or cryptocurrency.
The ways...
This indicator gives a histogram of RSI in relation to an ema of the RSI.
The histogram is then smoothed to reduce false signals.
The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred.
The background can be color coded if the RSI is above or below 50.
Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to...
This indicator shows a histogram of the RSI in relation to an ema of the RSI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI line with oversold/overbought indication can be displayed or omitted, as preferred.
In addiction to the RSI line or as an alternative to it, the background colour can be set to change folowing the RSI...
Gives you an average of which side of the EMA price has close without the noise of the chart. Useful for measuring trend strength or as a trade filter (eg. only go long if above / below)
This is a diversified Binary Option or Scalping Alert indicator originally designed for lower Time Frame Trend or Swing trading. Although you will find it a useful tool for higher time frames as well.
The Alerts are generated by the changing direction of the ColouredMA (HullMA by default), you then have the choice of selecting the Directional filtering on these...
This indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken...
This indicator plots and colour codes a ribbon between two moving averages. The colour of the ribbon changes with trend direction: when price in uptrend ribbon colour is green; when price in downtrend ribbon colour is red.
Options Available:
1) You can select between 11 different types of moving averages, each MA line can be a different type.
2) Option to...
Version 2 Updates
Speed has been increased by ~7X
Highest and lowest pairs now highlighted using brighter colors
Re-ordered pairs from highest to lowest 'flight to risk' rating
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors...
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade...
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// Copyright by Randalll.com v1.0 09/03/2016
// This indicator provides 5 Exponential Moving Averages.
// Works well on 1D,4H,1H TF
// To be used with traditional trend following strategies.
// Example
// If 50/100/200 trending in same direction. Then buy/sell
// with trend direction....
The Donchian values are basically from Ed Sekoytas original statistical run, that gave the values 30 & 120 (aren't as relevant today, but still packs a punch).
The idea of this code is just to take that 30, add a very simple inset of it, with ATR, and color code the bar Green or Red to indicate the direction of the trend. When a new break of the 120 line, (thick...
![EURUSD: Currency Relative Strengths V.2 [GM]](https://s3.tradingview.com/x/xaEvCY0l_mid.png "Currency Relative Strengths V.2 [GM]")
![EURUSD: Currency Relative Strengths [GM] - Data Indicator](https://s3.tradingview.com/o/odJONnzd_mid.png "Currency Relative Strengths [GM] - Data Indicator")
