This is a variation of an exponential moving average which follows the price pretty smoothly. Feel free to change the factor to adjust how closely it follows the price. I set the default to 0.2
Let me know if you want me to write code for any other indicators!
Hello Traders!
While analysing the charts, one of the biggest problem is to see if there is trend or not, or is it in a congestion zone/area? While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width.
How it calculates and works?
On each bar it creates a channel by highest/lowest point of...
Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP).
- from first bar to 10. PP it search if a trend line is possible
- for each it starts searching from the last PP.
- it check if drawing a trend...
This indicator aims to identify areas of price compression, by looking for two consecutive "inside candles" on the 4h chart.
An inside candle is simply when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low.
Once price compression is identified, the indicator draws a range...
While analysing a chart, one of the biggest problem is to see if there is trend or not. While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width.
How it Works?
On each bar it creates a channel by highest/lowest point of a MA. highest point is upper line and lowest point is lower line of the...
Hello Everyone! This is my new trend lines script (after beta version that was published almost one year ago)
The idea is to find Pivot Highs (PH) and Pivot Lows(PL) first.
Then, If current PH is smaller then previous PH (means no new higher high and possible downtrend) then draw trend line using them. and also it checks previous trend line (if exits) and if...
This setup was created by Rivadavila S. Malheiros
There are 2 Keltner Channels with exponential moving averages of 21 (riva) and 89 (rock) and ATR multiplier of 0.618.
When the price is between the bands, it is a sign of consolidation (yellow).
When the price is above the bands, it is an upward trend (green).
When the price is below the bands, it is a downward...
This strategy is using TEMA and PSAR for buying selling. Educational.
Disclaimer: if you this tool for trading which may cause losses and profits which myself or Tradingview and its partners wont responsible for it.
Leavitt Projection, Convolution, & Acceleration by Cryptorhythms
Intro
Bringing you another open source Gem this time from the January 2020 Issue of TASC.
Description
In the article in the Oct 2019 TASC issue titled "An interplanetary marriage" author Jay Leavitt describes the evolution process required in strategy design by introducing his Mars strategy....
English
In general, Bollinger Bands are used as an indicator to visualize the "reversion to the mean". However, in this model, by using smaller variable values (default: 10 time intervals instead of 20, 1 standard deviation instead of 2), they are used as an trend following indicator. Two consecutive closes above the upper band form a buy signal (symbol 'B' above...
Using Time Frames For Trend – You can also use different time frames to determine trends with stochastic. To do this you will need to use two different time frame charts, I like to use the weekly/daily or daily/hourly combination depending on the asset. Weekly/daily works well with stocks and indices while I prefer the shorter time frame for currency and...
Trender is an indicator that compiles trend-following ideas in a complete friendly-custom indicator. Based on classic arithmetic moving averages, exponential moving averages, volume and a little bit of Fibonacci. Indicator built and usable in TradingView, focused only for easy visualization of the trend.
The Directional system is a trend-following method developed by J. Welles Wilder,
in the mid-1970s. It identifies trends and shows
when a trend is moving fast enough to make it worth following. It helps traders to
profit by taking chunks out of the middle of important trends.
Trading Rules
1. Trade only from the long side when the positive Directional line is...
Dear all, you might wonder is there a confirmation indicator that has a high hit rate, is dependable, and could rely on the information it gives you when making a decision?
Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps.
Trend is always invalid then there is a lack of volume, so by...
This is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency.
It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart.
There are two components of this indicator.
The baseline from Ichimoku cloud and volatility stop .
baseline period = 26
volatility...
EVWMA Guppy multiple moving average ribbon
Same script as the other one however this time, it uses a more traditional "Guppy" colour scheme
Script turns grey during indecision, then the colours are shown when the ribbon is spread
This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script...
![BNBUSDT: Rivanews Setup - Riva-Keltner, Média Rock [xdecow]](https://s3.tradingview.com/l/lNEqIkmA_mid.png "Rivanews Setup - Riva-Keltner, Média Rock [xdecow]")
![ETHBTC: Tabajara com Nutella [xdecow]](https://s3.tradingview.com/0/0nmfIHtQ_mid.png "Tabajara com Nutella [xdecow]")
