EMA Options Clouds With SignalsEMA Clouds for Options!
This indicator can help you confidently open and close options positions. Note that you should set stop a little below midline EMA . Risk reward for good signals is fairly consistent in profit. Most of the simulations I ran got between 1:2 and 1:4 profits. The losers usually can be avoided by making sure you are not in a choppy trading channel. Wait for EMAs to start separating and don't blindly follow every buy/sell.
3 wave EMA + Clouds:
Defaults:
EMA 8/32/64
Signals (off by default - turn on in settings):
Buy Call/Sell Call (open/exit call positions)
Buy Put/Sell Put (open/exit put positions)
Enter signals bullish:
Close over Middle EMA AND Short EMA > Middle EMA > Long EMA
Exit signals bullish:
Close under Middle EMA OR trend turns bearish (Short EMA < Middle EMA < Long EMA )
Enter signals bearish:
Close under Middle EMA AND Short EMA < Middle EMA < Long EMA
Exit signals bearish:
Close over Middle EMA OR Short EMA > Middle EMA > Long EMA
Cloud Colors (Default)
Green: Bullish
Red: Bearish
White: Chop/Transition
Cloud
MoonFlag DailyThis is a useful indicator as it shows potential long and short regions by coloring the AI wavecloud green or red.
There is an option to show a faint white background in regions where the green/red cloud parts are failing as a trade from the start position of each region.
Its a combination of 3 algos I developed, and there is an option to switch to see these individually, although this has lots of info and is a bit confusing.
It does have alerts and there are text boxes in the indicator settings where a comment can be input - this is useful for webhooks bots auto trading.
Most useful in this indicator is that at the end of each green/long or red/short region there is a label that shows the % gain or loss for a trade.
The label at the end of the chart shows the % of winning longs/shorts and the average % gain or loss for all the longs/shorts within the set test period (set in settings)
So, I generally set the chart initially on a 15min timeframe with the indicator timeframe (in settings) set to run on say 30min or 1hour. I then select a long test period (several plus months) and then optimize the wavelcloud length (in settings) to give the best %profit per trade. (Longs always seem to give better results than shorts)
I then, change the chart timeframe to much faster, say 1min or 5min, but leave the indicator timeframe at 1 hour. In this manner - the label only shows a few trades however, the algo is run at every bar close and when this is set to 1min, this means that losses will be minimised at the bot exits quickly. In comparison - if the chart is on a 15min timeframe - it can take this amount before the bot will exit a trade and by then there could be catastrophic losses.
It is quite hard to get a positive result - although with a bit of playing around - just as a background indicator - I find this useful. I generally set-up on say 4charts all with different timeframes and then look for consistency between the long/short signal positions. (Although when I run as a bot I use a fast timeframe)
Please do leave some comments and get in touch.
MoonFlag (Josef Tainsh PhD)
Average True Range (VStop) Cloud SignalsThis indicator extends the built-in Volatility Stop indicator to a visual signals type indicator based on the crossover of a small VStop value (default 1.5x ATR) and a larger VStop value (default 3x ATR). The two values form a "cloud" with default coloring based on RSI/strength of trend.
MoonFlag AI Cloud (JWTainsh)This is a cloud that is based on a novel overshoot algo and also provides a 'central line' which represents to some degree an average moving in the direction of the trade (as indicated by the cloud).
Most indicators are based on moving averages which lag the price action.
This indicator uses a predictive overshoot algo that is different to a moving average. The algo overshoots the price action by following momentum. The cloud is made from multiple overshoot algo's all at different lengths (number of lookback bars).
In comparison to a moving average, the moving average will never give a reading greater than the price action in an up-trend. A moving average will lag the price action and eventually the price will come down and intersect with the moving average. In this overshoot algo (that forms the cloud), the parts of the algo with the shorter length will shoot way above the price action as the uptrend weakens.
The cloud is made from multiple overshoots algo's all with a different length. So when an uptrend weakens, the overshoot algo's with the longer length will still be below the price action and the price action will dip below the base of cloud - thus indicating an end to the uptrend - and possibly the start of a downwards momentum if the price action persists into the red.
So, when the price action dips below the cloud, it forms a line whereby below the line the cloud is colored red - indicating a possible downturn in the trend as the up momentum has receded. There is still a green part to the cloud above the lower line, as the up momentum could re-establish if the price action stays about the red.
Similarly, if in a down trend (price action in a red part of the cloud) and the price action breaks above the top of the cloud, the cloud will go green - until the price action falls below the cloud again.
There is also a half-way average line (although this is not entirely correct - it does describe what the mid-line does with some understanding). This mid-line only moves up when in an upward momentum. Similarly, the mid-line only moves down in a down momentum. Its interesting to see when the price action crosses the mid-line as this can indicate a change in momentum early on.
For example, if the price action remains above the mid-line, this can show a pump is still in progress.
If the price action just bounces above the cloud, then below, then above - it means the could length is not great enough - and the price action is probably governed more by RSI on a relatively fast timeframe.
When the cloud gets thin - this generally means the price action is in line with a steady momentum and has been for a while. This can be thought of as all the moving averages converging and this sometimes can indicate a biggish move is about to happen (and thus throw the cloud into a wider state - and get all the traders excited).
I started coding this cloud when trying to intersect with the start of shorts or to locate the end of a long trend cycle. Shorts generally happen on a faster timeframe than longs so I generally use separate cloud timeframes (or lengths) for longs or shorts.
I also find that market conditions change considerably every few weeks or months - so the cloud is best reliable on recent data.
Also use in conjunction with other indicators such as OCC, 1D ATR Trend or VRSI/MACD Confluence - as this is a predictive indicator based on price action overshoot from momentum information. This is not - a moving average - this cloud does not lag price action - it kind of predicts where the price action will go if the present momentum remains - and then detects when a change in this momentum occurs due to price action intersection.
Please get in touch for more information or, if you would like to see the webhooks bot strategy I linked to the code.
Sincerely,
Moonflag (Josef Tainsh PhD)
Price Clouds Oscillator (PCO)This is the oscillator version of Price Clouds (PS). Use this with (PS) for best results.
This indicator shows you over bought and over sold regions similarly to to rsi or stochastic. This indicator centers a moving average around the hl2 of the price. This is calculated as the difference of four moving averages. The signal line shows you how much momentum in any given direction you have. You can also see how much volatility there is by the band width. Just like the Bollinger band high volatility comes before low volatility and visa versa. You can also see what the market is doing based on the signal crosses. If the fast line is above the slow line you are going up and visa versa. This indicator works in most markets, especially crypto. There is a tool tip for every aspect of this indicator explaining how everything works.
Key Feature:
>See where the price is relative to a mean price
>Measure volatility
>Clean global settings
>Normalization feature lets you scale the band from 0 to 1. You loose some information but its easier to use if you aren't measuring volatility.
I hope you are very profitable with this one!
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
PCO
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QaSH DCA Ichimoku Cloud
This powerful script takes the classic Ichimoku Cloud strategy and revitalizes it by allowing the user to make multiple DCA orders on each trade. Spreading your entry through DCA orders allows you to give the entry point room to breathe, and average down your position as the volatility momentarily pulls price against you. Both long and short positions are possible, each limited to a maximum of 5 DCA orders per trade.
When the Ichimoku cloud is showing bullish direction, only long trades will be allowed. During bearish direction, short trades will be allowed.
Two additional multi-timeframe EMA's can be added and used as filters for the long and short entries.
If you like you can use as little as one entry order per trade:
Or you can use up to a maximum of 5 DCA orders
INDIGO - Cloud System ©INDIGO Cloud System ©
This script shows the monthly dip and peak zones and the daily highs & lows.
The green zone is the dip zone. It's the place to enter a long position if you think there is or will be a reversal.
The red zone is the peak zone. It's the place to enter a short position if you think there is or will be a reversal.
The script uses the INDIGO Cloud System ©, the Ultimate RSI and the Market Direction Indicator to find an entry at the most optimal point in space and time.
The exit for the long trade is on the purple line and the exit for the short trade is on the blue line.
It also has an RSI exit to minimize the risk of a sudden reversal in the wrong direction while in trade.
You can set TP and SL to see the effects of it on the chart. Be aware that these change a lot of trades so use it wisely.
The labels are connected to alerts to notify you of a possible entry or exit.
This script uses the Ultimate RSI by ChrisMoody, thanks for creating this Chris !
This script also uses the Market Direction Indicator by LazyBear, great script !
You can use the MD Filter to filter out some bad trades. It decreases losses but also some profits.
Experiment with the settings, each pairing needs different settings.
--> Use this script at your own risk. Do your own research, never invest money you're not willing to lose and never put your trust in one indicator !
To my best knowledge this script doesn't repaint. I never use the close and only use high/low when value can't be untrue again. If you find repainting in this script PLEASE let me know !
Feel free to contact me for questions or feedback.
Enjoy the script :)
Heikin Ashi Cloud overlayThis script displays a cloud representing the bodies of Heikin Ashi candles, which allows to have all the information of the HA technique without losing focus on the classical candles.
Also has arrows to indicate a trend reversal (counterproductive in a range !)
Dz Trader 200 Cloud Overlaythis indicator is a simply smoothed 200 moving average, displayed with a cloud. it will either be red cloud for bearish or green cloud for bullish. apply to chart to make it easy to see what the chart is doing compared to the size of the cloud
Time Segmented Volume with divergence and Kumo cloud backgroundThis is a Time Segmented Volume (TSV) indicator with added divergence hunter, crossing signals, Kumo cloud background and alert functions
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first!
MA CloudMA Cloud - a highly configurable cloud for Moving Averages
Creates a cloud from max. 5 Moving Averages.
Users can freely decide, for each average wether it should be SMA,EMA or WMA and also for the time period.
They shades and colors can be freely chose for each combination of MA's, giving you a maximum freedom to configure your cloud.
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"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 Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
VolumeCloudsNYSE:FDX
Volume clouds is a unique tragedy that predicts trend strength with normalized price and volume data, this allows us to quickly respond to small price movements than a traditional EMA cloud stragedy.
How to use:
1. Figure out overall trend direction using color of cloud, green -> bullish & red -> bearish
2. Figure out volume growth and decay using shape of clouds -> Wide cloud? LOTS of volume & Shrinking cloud? volume dying & trend reversal
QF WAVEThis indicator contains multiple types of moving averages and clouds for trend following and scalping .
INCLUDES
Sine Wave bands formed from a baseline and multiple standard deviations.
Elastic PSAR , Elastic weighted moving average combined with the Parabolic SAR . this is plotted as a moving average and is used with the ATR to display multiple bands indicating trend direction and potential reversals in price.
Hull cloud with different filter options
VWAP Cloud
Multi-Option Ma
Envious Market DashboardHey traders, this is a market dashboard that can be useful to have on top of your charts. It provides information of the trends discovered, the volatility, the current MACD Trend, the current trend, RSI level, RSI Overbought / Oversold state, TSI level, TSI Overbought / Oversold state, the volume percentage, and more. You can customise the dashboard location, the colour of the dashboard, the background of the dashboard and its background colour. Hope this is useful to you traders :).
Dziwne Trend Indicator A (EMA + Heikin Ashi cloud)First script ever publish.
It is a very simple trend indicator based on EMAs and Heikin Ashi .
Bollinger Bands Clouds - BB CloudsBollinger Bands Clouds provides Bollinger Bands of different timeframes in a chart.
It actually shows BB from a new angles.
This indicator can show three BB from different timeframes simultaneously.
The idea is to be able to combine different levels of BB from other timeframes in one chart
Each cloud is a Bollinger band whose time frame is a multiple of the current chart time frame. If this multiplier is set to 1, its Bollinger bands will be drawn for the current time frame and will be no different from normal Bollinger bands.
This indicator can be suitable for fractal perspective.
Multipliers can be changed from within the indicator settings:
settings -> mult1, mult2 and mult3
For a dark theme, enable the Dark Theme option from the indicator settings.
Chobotaru Indicator V1Now can be used by everyone.
Chobotaru Indicator has two functions:
1. Probability cloud, giving the probability of stock or future to move to a certain price.
2. Help traders understand where to take profit and where to put a stop-loss.
You don’t need knowledge about options trading, this indicator is for all traders/investors.
What does the indicator do?
The indicator is based on the partial differential equations from the mathematical model of options, the Black-Scholes model. Using these equations and market parameters the indicator shows on the chart the probability that the stock/future will touch a certain price until a specific date.
How the indicator does it?
The algorithm solves the partial differential equations using the following values:
Instrument price - The current price of the stock or futures contract
The interest rate – default zero – can be found by searching in google: “U.S. Department of the treasury daily yield curve rates”, Use the 3-month value. This value has a low impact on the model so you only need to update it when there is a major change in the percentile. (Example, in January 2021 the 3 months “risk-free rate” is 0.08, you can enter 0 in the indicator.
Days to expire (minus trading holidays) – You need to choose an option and take from it the other values that are needed. We recommend taking options that close to 30 days, but it is the user choice.
Example: On the 22 of January 2021, PLTR has an option that has 35 days left. The option will expire on the 26 of February 2021, if there are trading holidays like in this case, the user needs to subtract them, on the 15 of February we have Washington's Birthday, the input is 35-1=34.
Implied volatility - Annualized asset price volatility , specific as a positive decimal number. IV 10% => input 0.1, you can find it in the option chain, if you don’t know what it is, you can ask your broker where you can find it on your trading platform. For example, the IV of PLTR on the 22 of January 2021 is 120.67% the input is 1.2067
Date – Entering the date of entry.
How the indicator helps traders and how to use it?
After you enter the inputs correctly, you will see colorful lines, each line representing the probability for the price to touch there in the current market conditions until a specific date.
To see what percentage each color represents in the indicator press “style”. For example, red lines are a 50% chance for the price to touch there in the chosen period.
It also helps the trader to see what range the stock is expected to move and what range is not probable in this period (according to the options prices).
As you can see, the probability cloud is expanding. This is because as time passes, the probabilities of reaching far away prices are increasing.
Note: this indicator may not work on IPO
Altered True Strength Indicator (TSI) Reupload-
Altered TSI provides a slightly more volatile signal that demonstrates extremities in price action with greater success than standard TSI. In addition, I added bull/bear cross indicators (green/red) to make it easier to notice the crosses to save time when the market is moving fast (I couldn't find a regular TSI script with this addition). Finally, the signal also has overextension parameters (red and green lines)
I think this is best used on Intraday time frames as the signals respond to volatility very well and using Heikin Ashi candles, trend is more visual. In this particular example, I am showing SPY on the 3m time chart (my favorite short time frame) and the signal alone provided many opportunities for trades when using simple divergences and countering overextension direction when short term (blue) signal crosses either
In the first example (purple lines), SPY ramps but it was a dull signal given the signal strength flatlining- we would be looking for a short entry. When the signal fires, it provides a clean $1.50 move down in spy.
In the second example (orange), the blue signal provides a nice V shape (rebound signal) in which we are looking for a long entry. 390.50 is a strong SPY support in confluence with 2nd std dev VWAP extension, but disregarding that bull signal fires resulting in a 2 dollar move upwards. Exit is provided when blue line crosses green overextension.
In the third example (white), we are searching for a short entry at 392.5 resistance in confluence with divergently higher highs. Bear cross signal when fired and a significant cross is visible provides a $2.50 move to the downside with a potential exit provided when blue line crosses red overextension line in confluence with previous LOD area.
In the fourth example (green), we watch as the blue line provides a V pattern, we are searching for a long entry. If you didn't take a riskier long at 2nd std dev VWAP overextension with V recovery on blue line at red overextension for a ride to vwap, then you are looking for a secondary entry long as you wouldn't take the trade at resistance (vwap). Bullishly divergent lows provide this entry and the signal does not bear cross at all (but looking for significant crosses is more important even if the signal were to make a minor bear cross). Bullishly divergent double bottom provides a long entry to end of day with a nice clean signal for a $5.00 move until eod or when signal crosses overextension range.
Ideally, close to the money options or SPY/SPXS/SPXL are best used in the intraday time frame.
Again, this is not a standalone indicator but it's best used in conjunction with other indicators/trading strategies
Any questions feel free to comment
Moving Average CloudThis moving average cloud is comprised of 7 individual moving averages; those averages are rendered as a cloud, using the minimum and maximum value of all the averages as the lower and upper boundaries. It's basically a moving average ribbon, without all the individual MA lines cluttering the view.
By rendering as a cloud, this allows other potentially useful lines to be rendered within the cloud; a middle line is rendered, along with "mid high" and "mid low" lines.
The following parameters are available:
Min MA Length - the shortest MA window represented by the cloud
Max MA Length - the largest MA window represented by the cloud
Mid-High - the location of the mid-high line within the cloud
Mid-Low - the location of the mid-low line within the cloud
MA Type - you can choose between SMA, WMA and EMA moving average types
Interpretation:
When the price is above the cloud, this indicates a bullish trend.
When the price is around the middle, trend could be transitioning.
When the price is below the cloud, this indicates a bearish trend.
Use in confluence with other indicators.
MACD BandsThis is MACD indicator on the price chart. You can read the same information as the original MACD but much more.
You can use it the same way as MACD but it won't use any space below your chart. Also you can use signal line and cloud as trend confirmation: e.g. if above them it can be a stronger uptrend.
The signal line (yellow by default) can be used as a support-resistance line.
If teal line is above maroon line, MACD is positive, otherwise it is negative
MACD value is the width of the cloud
Cloud color is green when MACD histogram is positive, red if negative
You can change MA types
MACD and histogram values can be seen in Data Window
Blue CloudTrend Indicator
- Based on 4h 50/200 ma/ema
- Static, same accross all timeframes
- Works best with trending assets (espacially altcoins)
- 4h 50/200 ma/ema 's are transparent by default but can be enabled to improve visibility
Blue Cloud = Bullish, cloud often acts as support
Red Cloud = Bearish, cloud often acts as resistance
WC (Wookie Cross) CLOUDS with ArrowsThis is a SMA cloud script that looks for the 9sma crossing up or down the 21 sma along with a 21 wma cloud where price tends to bounce from.
Its a bullish signal when the 9sma crosses up the 21sma and will plot a green arrow at crossing point, or bearish signal when 9sma crosses down the 21sma with a red arrow showing where the cross occured.
We find that this works best on the 3 minute timeframe.
Credit to ARE and DarkElvis for creating this on TOS first.
