This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our fourth one we are automating is one of the strategies from "I Found The Best 1...
The Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator.
The indicator uses the formula for the first twelve Fibonacci numbers on highs and...
The purpose of converting the ATR value indicator to an oscillator;
It is known that the ATR value is not between the two specified values. So it is not compressed between 0 and 100 like RSI and %B etc. Therefore, conditions such as "A condition if ATR value is X, B condition if ATR value is Y" cannot be created. In order to create these conditions, the max and...
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Combination of 6 different units and 2 different types of averages.
You can use this indicator for simultaneous display of moving average and exponential moving average (MA and EMA).
5-10-20-50-100-200 is the default. I think these are the most followed ones.
The same color is chosen for the same unit.
The...
Simple script to anchor vwap to a drag and drop spot on the chart and display it as a band instead of a line.
the AVAP Band displays:
1. The AVWAP using High as the source
2. The AVWAP using OHLC4 as the source
3. The AVWAP using Low as the source
This is just a different way of visualising VWAP from an anchored point in time (Band vs Line)
How do I use it?
Never use this indicator as standalone trading signal, it should be used as confluence.
When the price is above the moving average this shows the bullish trend is strong.
When the price is below the moving average this shows the bearish trend is strong.
When the moving average is purple, the trend is bullish, when it is gray, the trend is...
This is my attempt at smoothing the exponential moving average any its cousins. I literally just smoothed the source and alpha and this is what we got. I really like this because you get a nice smooth yet fast acting moving average that works better than a traditional simple moving average. This script also included directional alerts.
Smooth EMA
Smooth...
"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend...
This indicator returns the average of stochastic oscillators with periods ranging from 4 to length . This allows for a slightly more reactive oscillator as well as having information regarding the position of the price relative to rolling maximums/minimums of different periods.
We introduce settings that allow for pre and post-smoothing, with selectable...
description:
• Zig Zag indicator plots points on the chart whenever prices reverse
by a percentage greater than a pre-chosen variable.
• Forecasts area based on zigzag statistics.
• Displays labels with detected patterns.
• Displays slope information rate of price, time diferentials and angle(experimental)
Multiple moving averages in one indicator, so those of you without a pro membership can add multiple moving averages to your chart while only taking up 1 of the 3 indicators.
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
Ichimoku_cloud + Daily-Candle_cross(DT) + HuLL-MovingAverage_cross + MacD
any timeframe, all indicators settings adjustable for fine tuning to pair/timeframe
Target Point and Stop Loss settings
set SL low to reduce repaint
Everyone wants a short-term, fast trading trend that works without large
losses. That combination does not exist. But it is possible to have fast
trading trends in which one must get in or out of the market quickly, but
these have the distinct disadvantage of being whipsawed by market noise
when the market is volatile in a sideways trending...
This script plots a higher timeframe EMA to your chart.
You can specify the timeframe and the length of the EMA in the settings.
This chart demonstrates the 5-minute 50EMA (black) combined with the 1-hour 50EMA (colored) on the 1 minute timeframe.
This indicator shows the distance between the current price and the Moving Average price.
Key Features:
Show the distance between price and Moving Average (Read Distance Calculation for more information)
Show Historic Highs and Lows
Show Highest High and Lowest Low
Show current Highest High, current Lowest Low and current distance
Key...
Inspired by @LazyBear's/@timwest's script:
Usage: support and resistance levels based on averaging price around earnings and quarterly opens.
What it is plotting:
1. A horizontal level whenever earnings occur. If actual earnings is higher than estimated, the line turns green, else red.
2. A horizontal level every quarterly open, colored black.
3. An...
Adaptive Laguerre Filter indicator script.
The Adaptive Laguerre Filter was originally developed and described by John Ehlers in his paper `Time Warp – Without Space Travel`.
Thanks to @apozdnyakov for the sorting solution.
![SOLUSD: Strategy Myth-Busting #4 - LSMA+HULL Crossover - [MYN]](https://s3.tradingview.com/8/8JJIgOHg_mid.png "Strategy Myth-Busting #4 - LSMA+HULL Crossover - [MYN]")
![BTCUSDT: Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud) [Dziwne]](https://s3.tradingview.com/d/DTDQ3y76_mid.png "Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud) [Dziwne]")
![BTCUSD: Multi-Length Stochastic Average [LuxAlgo]](https://s3.tradingview.com/x/XagQA3d6_mid.png "Multi-Length Stochastic Average [LuxAlgo]")
![USDCAD: [RS]ZigZag Percent Reversal - Forecast - patterns - labels](https://s3.tradingview.com/s/seTYoI2K_mid.png "[RS]ZigZag Percent Reversal - Forecast - patterns - labels")
![TSLA: Earnings Support and Resistance Levels [NeoButane]](https://s3.tradingview.com/w/wTEGe7f5_mid.png "Earnings Support and Resistance Levels [NeoButane]")
