EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
This is a very simple indicator to that marks a candle after a specified number of consecutive closes above or below a Simple Moving Average. The purpose of the indicator is to provide a quick visual cue that there is a strong trend in play.
This indicator was developed for use in an investigation/tutorial using Pine Script to analyse Gold and US Dollar Index correlation.
The first indicator shall measure the percentage change between the open and close of each bar and compare it to the same percentage change of an alternative asset. Additionally, we shall color the background when the two...
Measuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR.
However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction.
In fact, I turned it into a momentum indicator...
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...
Script tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the...
Ujanja uses Zero Lag EMA combined with Hull Moving Average for smoothing purposes. It is a less aggressive. It is only to be used with huge volume , huge momentum and high volatility to get trend analysis... It doesn't repaint at all.
Advised use :
Trades highly volatile Crypto currencies, stocks as well as Gold .
It is only to be used with huge momentum and...
This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
This indicator implements a standard Moving Average Convergance / Divergance
that works on any chart timeframe. It shows the strength of the current trend.
MACD Crosses are highlighted with yellow circles to make them more obvious.
Strength is indicated by histogram colours moving from Red (weak) through to Light Green (strong):
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...