Plots 5-EMA to 12-EMA can be used for 12-EMA crossover strategies.
Simple MA's 20 and 50 are averaged to produce a mean MA line. I like the smoothness of it, and it can help you stay in a trade in the slow moving trends. Also if you start to see a large cloud in your favor, it could be a great time take the profits.
This EMA allows you to specify a time-frame for the price used to calculate the moving average. For example, you can create 1 hour EMAs on your 5 minute chart. NOTE: This indicator only works on intraday charts. The time-frame specified for the indicator must be greater than or equal to the time-frame of the chart.
Used for the same reasons as the typical moving average. The first point is equal to the SMA, but it uses a recursive approach to calculate all subsequent data points.
Simple Moving Average strategy for USO - United States Oil Fund . This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
Simple Moving Average Cross script. Test on stocks and currency. For stocks test shorter time periods, meaning intra-day time periods such as 3min to 30min and so on to fit what is best. For currency, try longer periods with this model such as day to weeks depending on which currency. NOTE: Take a look at your Max Drawdowns when testing. This will be the main...
This indicator plots 2/20 exponential moving average. For the Mov Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met. Please, use it only for learning or paper trading. Do not for real trading.
Credit goes to Shizaru for the original calculation. I made just a few fixes, so that the calculation is really that of Ehlers. Fixed H2 and L2 period, fixed w natural logarithm
CDC Actionzone V2 is a simple 2MA system with small modification. There are 4 Action Zones: Green : Buy Red : Sell Blue : Prebuy - use with other indicators (eg. RSI Divergence) to comfirm. Yellow : Presell - use with other indicators (eg. RSI Divergence) to comfirm. Buy signalafter presell can be used for pyramiding in an vice-versa.
Normalized MACD with HullMA good on all time-frames and pairs
// Hull_MA_cross & Daily_Candle_cross combination with TP$ & SL$ setting // ( new script reducing repaint )
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living". You can adjust the EMA and ATR days that are the basis of these channels. This is my first script – happy to get any feedback on this! Thanks :)
B3 Pendulums, quick little indicators that do change print inside the current bar, so beware. It is good for anticipation, but it is important to make sure the current and next bars follow through. Ever wanted an indicator that really points out the micro term action in the form of a pendulum swing? This my attempt to show the market ups and downs in the...
Updated by request: this is a "Strategy" trading version of the "QQE Cross Indicator Alert v2.0 by JustUncleL" (which is mainly for Binary Options trading), the same BUY/SELL signals are used to generate trade entry and exit conditions. Thanks again to JayRogers for making the Strategy risk management easier to understand and implement. In this update I have...
This is an extension of the Madrid Moving Average Ribbon public script to allow for different kinds of moving averages (the original allows only exponential and simple). Possible entries in the MA Type argument field are: sma (simple moving average) ema (exponential moving average) wma (weighted moving average) trima (triangular moving average) zlema...
As a person versed in other languages of script, I am sharing my first pinescript. I have just thrown together some EMA lines and testing out the fill() function. I have some 400+ indicators I could make and share, so cheers to many more! As I get more versed in the language, I will make more intricate studies based on high math and sound strategy.