B-Xtrender @PuppytherapyI have recreated a trend following indicator published in IFTA Journal by Bharat Jhunjhunwala. It is mainly to be traded on big timeframes.
For anyone looking into the indicators please have in the source below where logic behing the indicator is nicely explained.
ifta.org
The only thing I added is a T3 moving average with momentum shift signals for earlier signals in some cases.
M-trend
Mean Reversion IndicatorThis is a mean reversion indicator that anticipates a local trend reversion. Basically, it is a channel with the mid-line serving as a moving mean baseline. Each of the two curves run up and down within this channel bouncing off from the top and bottom bounds. Touching the bounds serves as an indication of a local trend reversal. The reversal signal is stronger when there exists a resonance (symmetry) in the two curves. The background histogram shows a Karobein oscillator that contributes support or resistance for the signal.
HMA-Kahlman Trend & TrendlinesThis script utilizes two modules, Trendlines module (by Joris Duyck) and HMA-Kahlman Trend module. Trendlines module produces crossovers predictive of the next local trend.
Chop FilterIt is common knowledge that most traders lose money by leaving trends too early and not letting profits run. Chop Filter attempts to paint over wrong-colored candles which might psychologically cause traders to bail off the trend. It also tries to detect potential trend reversals (experimental).
How it works. Chop Filter highlights wicks with a shaded background based on close relative to a volume-weighted moving average (vwma). If it closes up, or if there are higher lows, it shades the background blue. If it closes down, or there are lower highs, it colors the background red. Finally, it shows a big arrow indicating the direction prices are headed, based on the vwma. The arrow helps me to consider where prices might go, and play out different scenarios, rather than being a true prediction. In fact, it is often wrong when there is a lot of volatility, which can also be a good thing.
I find the shaded background has a calming effect that reduces stress. It also helps identify trends in the wicks that are otherwise difficult to see.
There are some other options to play with, such as highlighting narrowing or widening price action in yellow or optionally showing the vwma .
Have fun!
RSI [xdecow]RSI MTF
Options:
-MA
-RSI from another timeframe
-Uptrend/Downtrend zone
-barcolor based on RSI trend
Hull-Kahlman Trend with AlertsThis update is meant for those who do not want to dig into the code.
Also:
- modified hma3 function
- modified kahlman function
- edited for readability
- added alerting
Chaikin Oscillator HystogramThis indicator shows an hystogram with the Chainkin Oscilator values, with color changes in function of the direction (up/down) . Also show the 0 crossovers, up and down.
Chaikin Oscillator gets its name from its creator, Marc Chaikin.
The Chaikin Indicator applies MACD to the accumulation-distribution line rather than closing price.
For me it's very usefull to identify (or confirm) trends up and trends down.
All my published scripts:
es.tradingview.com
GetTrend Strategy (modified & ported to PS4)This is a port to PS4 of an amazingly simple solution that may have good prospects as a standalone indicator, an add-on or an integral part of a trading system. Many thanks to its authors and contributors.
Absolute Strength Histogram v2 | jhv2 changes the way the histogram is plotted.
Histogram shows the strength and can be used to identify trending or ranging periods.
Absolute Strength Histogram | jhOriginal ASH code from alexgrover
Some changes:
- Change the price to SMA with Period of 1 with reference to the original MT4 code
- Added a few more MAs
Mix1 : Ema Cross + Trend Channel [Gu5]Based on Trend Channel
Ema-crossover is added
Crossing alerts, only on trend
Basado en mi anterior indicador, Trend Channel
Se agrega Cruce de Medias Moviles (Ema-crossover)
Las alertas solo son en favor a la tendencia
El valor de SMA Range es arbitrario (No Backtesting). Cambia la amplitud de canal que determina cuando es rango (barras amarillas por estar muy cerca del SMA200, sin tendencia definida)
Range Multiplier adapta el indicador a distintos mercados
//Setting recommended for SMA Range
//BTCUSD = 100
//EURUSD = 1000
//SPX = 100
//ETHUSD = 10
Si te fue útil este indicador, puedes comprarme una cerveza ;)
Bollinger Band Strategy (Basic) Version 1 This strategy is for learning purposes only. Pay special attention to these strategies on longer aggregation periods (like 1 hr chart or more). Don't expect accurate results when you set a limit to 10 cents above your entry to be accurate. For example if you set the chart to 1 day, the price may move down and hit a stop 10 times then tag your limit. If this doesn't make sense, just don't use strategies here. Learn more first. That being said, I don't have specific recommendations for each aggregation period, backtesting isn't always perfect.
Now then, this strategy can be used as the traditional BB method by setting the "Stop" and "Limit Out" to like 10000, check "Reversal Entry" and uncheck "Limit Time of Day" This will keep the strategy running just reverse your position when price crosses outside each band.
INPUTS:
Length - length of WMA that I used for mean of Bollinger Band (this may suppose to be SMA, too bad)
Source - O-H-L-C basis for WMA
Deviation - normal Standard deviation that would be set when using Bollinger Band
Trailing stop check box - your stop value will be either a hard stop or trailing stop for an exit
Stop - the stop value - remember you can set this really high and it won't stop out
Limit Out - the limit value for exit
Reversal Entry check box - This changes each entry from a reversal (traditional idea of BB) to enter a trend trade - hopefully version 2 will have choice to trend one direction and reversal in the other.
Limit Time of Day - Especially when trading futures, you may want to only trade a specific time of day, when this box is checked, you can set the entry times below, exit will still only occur based on limit/stop or a flip entry order (the opposite entry condition is met)
Tips:
when I don't know a thing about a price range, like gold. I can set the limit out to 10000 and play with a trailing stop to get a better idea of what is even possible before tuning further.
Linear Regression Trend ChannelThis is my first public release of indicator code and my PSv4.0 version of "Linear Regression Channel", as it is more commonly known. It replicates TV's built-in "Linear Regression" without the distraction of heavy red/blue fill bleeding into other indicators. We can't fill() line.new() at this time in Pine Script anyways. I entitled it Linear Regression Trend Channel, simply because it seems more accurate as a proper description. I nicely packaged this to the size of an ordinary napkin within 20 lines of compact code, simplifying the math to the most efficient script I could devise that fits in your pocket. This is commonly what my dense intricate code looks like behind the veil, and if you are wondering why there is no notes, that's because the notation is in the variable naming. I excluded Pearson correlation because it doesn't seem very useful to me, and it would comprise of additional lines of code I would rather avoid in this public release. Pearson correlation is included in my invite-only advanced version of "Enhanced Linear Regression Trend Channel", where I have taken Linear Regression Channeling to another level of fully featured novel attainability using this original source code.
Features List Includes:
"Period" adjustment
"Deviation(s)" adjustment
"Extend Method" option to extend or not extend the upper, medial, and lower channeling
Showcased in the chart below is my free to use "Enhanced Schaff Trend Cycle Indicator", having a common appeal to TV users frequently. If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and ideas presented below in the comments section, when time provides it. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Moving Average Color Direction Detection Moving Average Color Direction Detection, possibility to configure:
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HULLMA, ZEMA, TMA, SSMA
- Lenght
- Source
- Colour direction















