Calculating the Shiller PE Ratio (aka cyclically adjusted price to earnings ratio). The calculation is similar to the traditional PE ratio, however uses the simple average of the earnings over past 5 years (default is 5, can choose different) adjusted for inflation (default is the Australian CPI index however a different index can be used in the input).
This script uses 3 moving averages (2 simple moving averages and 1 exponential moving average ) to signal long and short opportunities based on moving average crossovers. A long SMA (Signal SMA2) is used to determine longer term trend. When the EMA crosses above the Slow SMA1 and price is above the Signal SMA2. The space between the moving averages will shade...
This is a CCI script adapted from 'CCI w EMA by Rick3712' which removes the EMA of the CCI and adds different sized CCI results to the same plot. An info box is also added for easy reference of current values. CCI is a useful way to see the price's relation to moving averages in a different way, and being able to see the trend strength over time using the larger...
Simple script to plot inter-time frame moving averages on a chart. ie: plotting a daily MA on a 1 hour chart. Any questions on the parameters, don't hesitate to ask.
Color coded Fast & Slow Moving Averages. Cross printed at MA cross. MA color changes when price moves above / below MA.
Stan Weinstein's book 'Secrets for Profiting in Bull and Bear Markets' is without doubt one of the classics books traders read. Weinstein said that at any one point in time, a stock (or an index) will be in one of four market "stages": Stage 1 the Basing Area (also known as consolidation or accumulation phase) Stage 2 the Advancing Stage Stage 3 the Top Area...
For the long term trend I use the 200 and 150 daily moving averages. The 200-day MA will be plotted as a black line. It is a no-go zone to buy anything trading below that. The 150-day, or 30-week like Stan Weinstein uses, is plotted in orange. Than I use the 50 day moving average but also the 10 week moving average. While those look similar there is a small...
Indicator combining in one chart : ADX + RSI. V2 : NOW, BULL TREND = SLOPE(ADX)>0 AND SLOPE(long EMA)>0 Changing settings : Slow ADX Smoothing : periods for the EMA to smooth the ADX Zero? : threshold (dotted line) at which the label will show "trend" (if the ADX is increasing) Length RSI : Periods for calculating RSI Settings for MACD Length : don't touch,...
This oscillator is made of three components, all derived from the SuperTrend indicator. This approach allows the user to easily determine overbought/sold zones, identify whether a retracement is present or if the price is ranging or trending. It also allows for the anticipation of the potential price cross with the SuperTrend. We provide additional information...
self input Moving Average crossover with trend indicator which eliminates most of false signal
I WOULD LIKE TO SPECIFY TWO THINGS: - The indicator was absolutely not designed by me, I do not take any credit and much less I want them, I am just making this fantastic indicator open source and accessible to all - The script code was not recycled from other indicators, but was created from 0 following the theory behind it to the letter, thus avoiding copyright...
Hello, I am trying to build a short momentum strategy that is based off of the DEMA crossing under the EMA, but because many momentum strategies send too many signals, I have also implemented a volatility condition based on the average true range percentage (ATRP). Essentially, as momentum moves downwards + volatility (ATRP) moves upwards, it shorts the security....
Shows bulling engulfing patterns only if above >50 rsi and Shows Bearish engulfing patterns only if above <50 rsi . Very simple. Indicator Conditions RSI above 50 overbought/below 50 oversold, price is above/below) Entry Reasons (eg. a bullish or bearish engulfing candle)
Since I love to mix and match, here is something fresh and that actually works on the breakout of Ethereum without losing your ass on lagging indicators. It blends some of the nice parts of my previous scripts while moving to big boy pants with a twist on the Fibonacci retracement using SMA and EMA at multiple levels to do a sanity check. Is it too good to be...
This script relies on channel breakout strategy and the exit condition is defined by the SMA crossover, this works well on futures and Indices
Hello, Strategy based on scrips "Moving Average Color Direction Detection" from Dreadblitz published on Aug 9, 2019. You can chose MA type, length and reaction setting to adjust to time frame/ticker. Always seemed like RSI is ahead of actual price action and just messing around with MA on the RSI . Couple I found: SPXS / SPXL 20M timeframe, MA 32 Reaction 2...
This script allows to use 5 different MAs with prediction of the next five periods.