Bj Reversal uses Tilson moving averages to identify trend changes Bars change to yellow as bar close crosses the Tilson moving averages. Blue or red is confirmed as the two Tilson averages themselves cross. Reversal is great for pinpointing trend change often giving the absolute best entry or exit Its sensitive nature can mean more false signals on some assets Be sure to use other indicators from the Bjorgum Collection to confirm signals, or use another strategy that fits the asset or time frame being viewed
Bjorgum HEMA Strategy
Hema uses HA smoothed EMAs to identify trend direction Default EMA lengths are 5,9, and 21 period Bar Color will change Malibu or Ruby on a cross of BOTH 5 and 9 EMA The lengths are customizable to whatever lengths the user desires
Rolando Santos True Relative Movement (TRM)
*This underrated momentum strategy conceptualized by Rolando Santos uses 2 indicators to give a 3 color scheme A leading indicator (RSI) is combined with a lagging indicator (TSI) to produce bar colors based on the condition of each indicator Both indicators in positive territory produce blue bars Both indicators in negative bias produce yellow bars If signals are mixed (one up one down) bars become grey
Speed Selection
*The Bjorgum speed selector optimizes the strategy based on the users desires or trading style at the touch of a button Fast setting is better for swing trades - more timely signals, more whipsaw Slow setting is better for longer holds or more volatile assets - slower signals, smooths out whipsaw
RSI Bar Color
RSI color changes bar color based on user defined RSI values Buy/ sell signals are typically given on a cross of the 50 level Speed selector (fast/Slow) automatically changes lengths between Bj RSI (5 period) and a standard RSI (14 period)
Additional capabilities can be mixed and matched from strategies in the "Strategy Override" section
Add-ons include:
*Tilson - The moving average system from Bjorgum Reversal can be toggled to couple with another bar color strategy by clicking this button PSAR - Parabolic Stop and Reverse indicator can help with trend direction, volatility, and stop losses HEMA - The 3 moving average system from the HEMA strategy can be coupled with any of the other strategies by clicking "Show HEMA" Bj Arrows - These arrows plot at the bar level to draw attention to when the BJ TSI is "curling" (See profile for Bjorgum TSI and download today)
-Optional "Plotbar Overlay" plots bars with Heikin-Ashi Inputs when toggled
-This allows for the benefits of price smoothing without sacrificing moving average and indicator performance as real close value is still used -This can also help on short time frames and improve results with crypto! The user must "mute" the main series candles when in use to avoid candle overlap. -Optional price line as muting main bars will disable the TradingView default price line. The horizontal plot will track the real closing price while in HA mode!
リリースノート
⋅
** ALL NEW **
Alert functions have been REVAMPED for your pleasure and ease
Classic alert conditions are now directional! example : Trm buy signals only on the cross up of the indicators, or RSI cross down occurs only on the cross down of the 50 level
Alert() function call enabled on all alerts. User must select the check boxes in the bottom of the settings menu for the alerts desired to be set, and one alert will trigger them all!
When setting alerts for this use the "any alert() function call" in the alert menu
Any settings at time the alert is set will be saved to the TradingVIew server in one shot. There is an alert frequency drop down menu here as well.
リリースノート
⋅
Simple update to incorporate BJ HA overlay to allow for different HA overlay choices.
Now instead of just HA bars, you can also choose from HA candles or even hollow candles!
リリースノート
⋅
Just a quick update to correct an oversight for HA candle overlay. If "candle" was selected it would plot a HA bar without the overlay boolean selected. Oops!
リリースノート
⋅
ALL NEW UPDATE
Improved and updated code to version 5
Added Bjorgum Buy Rating table to breakdown a number of signals at once to give a technical rating
New menu features
リリースノート
⋅
Small bug fix in table display
リリースノート
⋅
Was missing SAR from Buy Rating table
リリースノート
⋅
Added overbought and oversold indication for RSI on ratings table Removed barstate call from table function and added var declaration
リリースノート
⋅
Update to color menu eliminating transparency input boxes
リリースノート
⋅
ALL NEW UPDATES
- HEMA strategy can now be altered to a variety of other MA's. Each is individually selectable from the menu.
- An input source for the MAs or for the Reversal strategy can now be altered from the menu.
- The alpha value used in the Tilson moving averages can be selected from the menu to alter its responsiveness.
- Bj buy rating table now displays the MA type chosen.
Amazing work! This is hands down some of the cleanest, most-organized code I've ever seen on here! Can I make a couple hopeful suggestions for a possible update? For the T3 MA, it would be awesome to be able to change the input source from close to hl2, hlc3, or ohlc4. It would also be really nice to be able to change the default volume factor from .7 to the .618 fibo. Also, it might be really nice to have the option to either override the HEMA to use different moving average types or make it a different strategy section that could contain various MA configurations (TMA, Hull, etc..).
Does the fire for RSI mean overbought or oversold? Does 'curl' always change to a horizontal line when other items start to become checked?
Thanks again for the amazing contribution!
Bjorgum
⋅
@woodsj, thank you for the kind words and feedback! Great ideas, no reason we can't put all of this in. Cheers
Bjorgum
⋅
@woodsj, oh, also fire is just momentum being "hot" to either the upside or downside, so yes both. And curl will go flat when there is no TS curl either up or down.
Bjorgum
⋅
@woodsj, Finally got around to implementing those changes. Thanks for the suggestions!
krishna56h
⋅
good
hamham_fx
⋅
good Thanks!
dpanday
⋅
Can you make the strategy to backtest?
LukasKeglovics
⋅
@dpanday, have you got the strat yet? i was hoping for the same
capitalwarez
⋅
This is probably the most beautiful accurate and helpful script I have EVER seen on Tradingview. Holy crap. Thanks so much for this, dude.
Bjorgum
⋅
@capitalwarez, lol awesome bro, you're welcome. Glad it is of help
Does the fire for RSI mean overbought or oversold?
Does 'curl' always change to a horizontal line when other items start to become checked?
Thanks again for the amazing contribution!