Underworld Hunter + Base Zone is designed to keep traders out of ranging markets by establishing a "dead zone" between the bands where price may be choppy or trends may be short lived. The original Underworld Hunter from @greenmask9 adapted Bollinger Bands by changing the basis from SMA to the EMA of the EMA of the EMA. This version now allows the user to select...
Hello Traders! After publishing Trend Lines for RSI yesterday, I realized that Trend Lines for more indicators needed by the traders. so I decided to make it for four different indicators: RSI, CCI, OBV, Momentum In the indicator options you can choose the indicator from pull-down menu. How it works? - On each bar it finds last 10 higher and lower Pivot...
This is a study to determine if small candle bodies (little difference between open and close), regardless of overall candle length (high/low), can be used to filter choppy markets. The indicator will calculate the selected average "MA Mode" of (close-open). To standardize this result and ensure any filters/thresholds do not need to be recalculated for each...
This is a variation of an exponential moving average which follows the price pretty smoothly. Feel free to change the factor to adjust how closely it follows the price. I set the default to 0.2 Let me know if you want me to write code for any other indicators!
Hi Everyone Usually I need Price Change info and I believe most of you need this info too. I want to see how it increased/decreased. I automate this by using Pivot Points. it works dynamically and it uses Pivot Highs and Pivot Lows accordingly. That means it calculates which one to use. Please watch following video: Enjoy!
Indicator «Michael» Class : trend indicator Trading type : intraday trading / mid-term trading Time frame : 15 min -1 day Purpose : trend trading, reversal points identification, Level of aggressiveness : standard Indicator “ Michael ” indicator is designed to identify a local trend and generate signals for trading in the direction of the current...
While analysing a chart, one of the biggest problem is to see if there is trend or not. While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width. I already published it as Trend Following Bar as you see at bottom of the chart. How it Works? On each bar it creates a channel by highest/lowest...
Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2. How it works? - On each bar it finds last 10 higher and lower Pivot Points (PP). - from first bar to 10. PP it search if a trend line is possible - for each it starts searching from the last PP. - it check if drawing a trend...
The TAI is an experimental indicator we created to begin working on a automated trading algorithm. It takes five signals from our indicators and gives a +1 or -1 for each signal depending on if the signal is bullish or bearish. This indicator should not be used for direct signals, but for confluence in trend. Long periods of flatness at 5 or -5 will indicate a...
RSI of MAs is designed to calculate the moving average for a specific period, and then take the RSI of that value. This script allows the user to select which moving average they would like to utilize for the calculation, as well as customizing how the Signal Line is calculated. There are many combinations available and you will need to tune the indicator to fit...
Volatility Qaulity Zero Line attempts to keep a trader out of ranging markets, but the original calculation on TradingView had to be adjusted for each instrument. To avoid this issue, I have applied a z-score calculation to the VQZL so the result is standardized for all instruments. A Z-Score is simply a value's relationship to the mean (average) of a group of...
This is non-repaiting Supertrend Multi Time Frame script, uses Heikin Ashi Candles as source on normal chart There is an option for Higher Time Frame. if you choose "Auto" then Higher Time Frame calculation is made by the script. If you choose "User Defined" option and then you can select Time Frame. You better use this script with other indicators such as RSI,...
This is a useful trend analysis tool that I've seen others sell for high monthly subscription fees. I'm giving my version away for free. The script consists of 3 EMAs, all weighted against the same baseline moving average to give you an overview of the trend. My meter shows the status of each EMA; either up (green) or down (red). When you see two of the same...
The Haos Visual is a trend indicator consisting of two WIlliams % indicators. I have added divergences to spot trend reversals within assets, divergences have no repaint and require single candle confirmation. www.prorealcode.com
Developed by Robert Krausz, the Gann Trend Oscillator is a trend-following indicator used to determine the financial instruments long-term price direction.
Hey Awesome Traders I noticed people were so happy with my ZigZag lucemanb script and so I made one that is more user-friendly and customizable Please note the original one is dedicated to developers, The code is very minimal for fast understanding when anyone wants to use it in their development In this script, I have included several features like...
The STP Wave Trend Indicator allows you to catch big trends before they start by confirming the direction and momentum in real-time. This indicator can be used across all assets on any timeframe. When the oscillator (white area) crosses down the signal (green area), it is a good SELL signal. Similarly, when the oscillator crosses above the signal it is a good BUY...
Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend...