TOMMAR#TOMMAR #MultiMovingAverages #MMAR
Dear fellow traders, this is Tommy, and today I'd like to introduce you to the Multi-Moving Averages Ribbon (MMAR) indicator, which I believe to be one of the best MMAR indicators available on TradingView. Moving Averages is a popular technical analysis tool used to smooth out price data by creating an average of past price data points over a specified time period. They can be used to identify trends and provide a clearer view of price action, as well as generate buy and sell signals by observing crossovers between different moving average lines.
In the MMAR indicator, we have incorporated 12 different types of Moving Averages, including Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), and Smoothed Moving Averages (SMMA), among others. This allows traders to choose the optimal type for their preferred trading commodities.
One common technique in technical analysis is using multiple Moving Averages with varying lengths, which provides a more comprehensive view of price action. By analyzing multiple Moving Averages with different timeframes, traders can better understand both short- and long-term trends and make more informed trading decisions. Some of the well-known combinations of multiple moving averages used by traders are (5, 9, 14, 21, 45), (6, 11, 16, 22, 51), [8, 13, 21, 55), (50, 100, 200), and (60, 120, 240).
Another way to gauge the strength of the market trend is to look for the arrangement of the Moving Averages. If they are in a sequential order, with the shortest on top and the longest on the bottom, it is most likely a bullish trend. On the other hand, if they are arranged in reverse order, with the shortest on the bottom and the longest on top, it is most likely a bearish trend. The 'Trend Light' in the indicator settings will automatically signal when the Moving Averages are in either an orderly or reverse arrangement.
Lastly, I have added a useful feature to the indicator: the 'MA Projection'. This feature projects and forecasts the Moving Averages in the future, allowing traders to easily identify confluence zones in future candlesticks. Please note that the projection levels may change in the case of extreme price action that significantly affects the Moving Averages.
This is free so any Tradingview users can use this indicator. Just search TOMMAR in the indicator section located on top of the chart.
#TOMMAR #MultiMovingAverages #MMAR
안녕하세요 트레이더 여러분, 토미입니다. 오늘 여러분들에게 소개드릴 지표는 다양한 길이의 이동평균선 조합을 사용할 수 있는 MMAR (Multiple Moving Averages Ribbon)입니다. 아마 제가 만든 MMAR 지표가 트레이딩뷰에서 가장 쓸만할 겁니다. 이동평균선, 줄여서 이평선은 말 그대로 특정 기간 범위 내의 주가들을 평균한 값들로 이루어진 선입니다. 제가 이평선 관련된 강의 자료는 예전에 올려드린 바 있으니 더 자세한 내용이 궁금하신 분들은 아래 링크/이미지 클릭하시길 바랍니다.
본 지표는 Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), 그리고 Smoothed Moving Averages (SMMA) 등을 포함해 총 12개 종류의 이평선 지표를 사용할 수 있습니다. 또한 각 이평선의 길이들도 하나하나 일일이 설정하실 수 있습니다. 예를 들어 요즘에 자주 보이는 이평선들의 조합이 , , , , 그리고 등등이 존재하는데 여러분의 취향에 맞게 설정하여 사용하시면 됩니다.
몇 가지 주요 기능에 대해서 설명 드리겠습니다. 설정에서 ‘Trend Light’를 키면 이평선들의 정배열 혹은 역배열 여부를 쉽게 볼 수 있습니다. 이평선이 정배열일때는 맨 아래의 이평선에 초록불이, 역배열일때는 맨 위의 이평선에 빨간불이 켜지며 둘 다 아닐 땐 아무 불도 켜지지 않습니다. 또한 ‘MA Projection’을 키면 이평선들의 미래 예측 값들을 확장해줍니다. 당연히 가격 변동이 갑자기 크게 나오면 이평선 예측 확장 레벨들이 확 바뀌겠죠.
지표창에 TOMMAR 검색하시거나 아래 즐겨찾기 인디케이터에 넣기 클릭하시면 누구나 사용하실 수 있습니다~ 여러분의 구독, 좋아요, 댓글은 저에게 큰 힘이 됩니다.
Multimovingaverages
+ Multi-timeframe Multiple Moving Average LinesThis is a pretty simple script that plots lines for various moving averages (what I think are the most commonly used across all markets) of varying lengths of timeframes of the user's choosing. Timeframes range from 5 minutes up to one month, so regardless if you're a scalper or a swing trader there should be something here for you.
There are 8 lines (that can be turned on/off individually), which may seem like a lot, but if you use two averages and want to display four different timeframes for each, you can do that. The nice thing is that because the lines start plotting from the current bar they won't clutter up the screen. And obviously having moving averages from different timeframes on your chart makes price action more difficult to read (I mean sure, you can make them invisible, but who wants to do that all the time).
For each line there are two labels. One with the moving average type, and the other with its specific timeframe. I can't include the moving average length because it's not a string input. If anyone has a workaround for this, let me know, otherwise I would simply recommend setting different colors depending on the length, or if you only use one or two lengths and one or two moving averages this shouldn't be an issue. I had to use two labels because for the label text I couldn't include more than one string input, this is why there is an input for the 'moving average type label distance.'' You will want to adjust this depending on if you are trading crypto, futures, or forex because in some cases there may still be label overlap.
Pretty much everything else is self-explanatory.
I've added alerts. I might need to modify them if I can, because it would be nice for them to state the name and timeframe of the moving average. But I think this will do for now.
Enjoy!
Rollin' pseudo-Bollinger Bands 5 linear regression curves and new highs/lows mixed together from the basis for this indicator. Using slightly different logic an upper boundary and lower boundary are formed. Then the boundary's are built upon to show price channels within the band using variations of fib levels and the distance between the initial boundary's. Dots plotted show the inverse of the close price relative to either the upper or lower boundary depending on where the close is relative to the center of the band. This shows the market's tendency for symmetry which is useful when looking for reversals etc. If it's too cluttered feel free to turn off some things in the options and keep what you feel is helpful.
Multiple MAs + No Trend Zone + ATR WidgetThis is my first Pine Script attempt. Nothing special, just an "all in one" for the most common things I use, and what I have found to be the most common in a lot of strategies.
Great for free and limited accounts as it combines 7 total indicators into one.
-- First 5 indicators are Independant Moving Averages:
-Each one can be set for length, as well as source and type (SMA, EMA, SMMA, WMA, VWMA) individually
-- Second type (6th) of indicator is one I find extremly useful for staying OUT of consolidation trading. It's called a "No Trend Zone" indicator I swipped from the Hoffman Startegy. Basically, its set for a small deviation (0.5) of a 35 EMA, which creates a "Band" around the 35 line. When you have this "Band" flat or with no discernable incline/decline, with price action OR some or multiple moving averages inside this banded zone, it typically indicates a zone of consolidation. This will help you identify when you may be in one of those zones, that way you don't get trapped "waiting for paint to dry" before the market starts to move again with your position, and keep you from entering should you be considering the market at that time.
The last indicator is my favorite, and one I will refine a little deeper soon.
-- The ATR widget finishes us out. This widget can be customized for colors, turned on or off, and automatically rounds the ATR (ATR period based on the chart timeframe) to a nice readable number for what you're trading. It has settings to show or not, the length, what rounding style to use (forex pip 0.0001, forex/stock/etf/indicies 0.01) where to show it on the pane, a Multiplier Factor (for stop loss calculations automatically) and the colors.
***NOTE ABOUT ATR WIDGET:
I am primarily a forex trader, so the defaults are for Forex 0.0001. If you see some odd numbers (like 55798 on a current chart), check the inputs tab on the settings, and change the "ATR Style" from "Forex 0.0001" to "Forex/Stock/ETF/Indicies 0.01", and you should arrive with the correct number.
Hx MTF Moving AverageThis script provides a quick and easy access to different timeframes of a moving average in one indicator and one tab.
It handles up to 4 different timeframes and the current timeframe if it is different from the preset timeframes.
The moving average is not displayed if the current timeframe is higher than the preset timeframe, as per TradingView recommandations.
Available moving average types: sma , wma , ema , vwma , rma (RSI), hma (Hull) and smma (Smoothed).
The default settings provide an example of commonly used timeframes with associated colors ranked from Hot (shorter, more nervous) to Cold (longer, less nervous) while the current timeframe is displayed in gray.
These settings are just an example and are NOT meant to be used as a trading system! DYOR!
Hx 9 Moving AveragesThis script is designed to handle and provide quick and easy access to up to 9 different moving averages in one indicator and one tab.
Basically, it leverages the 'inline' and 'group' arguments of the 'input' function to provide you with a simple and straightforward way to:
- define your favorite moving averages by choosing type, length, source and color in the same tab and
- decide which moving averages to display in one click on a checkbox.
I do not like to have to select the color of an indicator in another tab. So, I put everything in the Inputs tab.
In addition, I like to "linewidth code" my moving averages so that a sma has a different thickness than an ema for example.
To do so, just define the line width that you want to associate with a moving average type in the "LINE WIDTH" section.
Once parameters are set to your liking, just check / uncheck the moving averages you want to display / hide (and save your settings as default).
This script handles 9 different moving averages and implements sma, wma, ema, vwma, rma (RSI) and hma (Hull).
It can easily be modified to change the number of available moving averages or include other types of moving averages.
The default settings provide an example of commonly used moving averages with associated colors ranked from Hot (more nervous) to Cold (less nervous) with the exception of Hull moving average displayed in gray.
These settings are just an example and are NOT meant to be used as a trading system! DYOR!
Hope it will be useful.
Enjoy and please let me know what you think in the comments.
MA Visualizer™TradeChartist MA Visualizer is a Moving Average based indicator aimed to visualize price action in relation to the Moving Average in a visually engaging way.
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█ MA Visualizer Features
11 different Moving Averages to choose from the settings to visualize based on MA Visualizer Length (Default - 55 period SMA).
2 Smoothing options (default - 0, 0 uses MA length as Smoothing factor, 1 uses no Smoothing).
4 colour themes to choose from and option to adjust Visualizer Vibrance.
█ Example Charts
1. 1hr chart of OANDA:XAUUSD using 55 period WMA.
2. 15m chart of OANDA:EURUSD using 144 period Tillson T3 MA.
3. 4 hr chart of OANDA:US30USD using 55 period SMMA.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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RK's 15 ∴ Timeframed Multiple MA Types RibbonI developed this indicator focusing on the KISS (Keep It Simple, Stupid) to help me in a more direct and visual way when enteringand exiting my market position.
The idea is to configure the indicator with your favorite Moving Averages and Lengths and Enter Long when the price is above and Short when the price is below.
I put the setup that I am testing now in the tooltips to give an example.
TradeChartist Essential MTF Screener™TradeChartist Essential MTF Screener is an adaptive and powerful multi time frame screener toolkit for several essential trading indicators like RSI, Stochastic, CCI, MACD, 15 different Moving Averages, Heikin Ashi Trend and Net Volume, which can be visualised as a singular Indicator plot or as MTF Screener blocks showing absolute or trend-based colour coded Bull/Bear Strength along with real-time indicator value labels.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗠𝗧𝗙 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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MTF Screener can be used as a singular Time Frame screener plot or as colour coded screener blocks with several Time Frames (based on Time Frame Multiplier inputs) and based on user preference of the indicator such as RSI, Stoch, CCI, MACD, one of 15 Moving Averages, Heikin Ashi Trend or Net Volume from the 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐓𝐲𝐩𝐞 dropdown.
For RSI, Stoch, MACD and Moving Averages, Source price is required from the Sᴏᴜʀᴄᴇ dropdown (default - close). Sᴍᴏᴏᴛʜɪɴɢ input can be used to smooth the plot.
RSI, CCI and Stoch lengths are 14 as default and each of them have Uᴘᴘᴇʀ Bᴀɴᴅ and Lᴏᴡᴇʀ Bᴀɴᴅ inputs, which decides the colour of the screener block.
MACD has 3 inputs namely - Fᴀsᴛ Lᴇɴɢᴛʜ , Sʟᴏᴡ Lᴇɴɢᴛʜ and Sᴍᴏᴏᴛʜɪɴɢ and the default is the classic settings (12,26,9). Type of MA used can be chosen from under 𝟰. 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗲𝗿𝗮𝗴𝗲 section of the indicator settings. For classic MACD, use EMA which is default.
Moving Average has two inputs namely - MA ᴛʏᴘᴇ (which allows one of 15 Moving Averages) and MA Lᴇɴɢᴛʜ (default - 55).
Heikin Ashi Trend and Net Volume do not need any inputs.
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𝗠𝗧𝗙 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗕𝗹𝗼𝗰𝗸𝘀
Screener blocks are plotted as default and each row represents a specific Time Frame based on the Time Frame Multiplier (Default - 11 TF Multipliers from 1 to 2 in steps of 0.1) entered by the user in the 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗣𝗹𝗼𝘁𝘀 section. There are 11 maximum rows or Time Frame Multipliers that can be displayed. For example, if the user wants just 4 timeframes say, 1hr, 2hr , 4hr and Daily on a 1hr chart, the user should enter 4 in 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐌𝐓𝐅 𝐒𝐜𝐫𝐞𝐞𝐧𝐞𝐫𝐬 input box and enter 1, 2, 4 and 24 in the Time-Frame Multiplier input boxes.
The Screener block colour can be changed from the settings. Each Screener row will have the data labels displayed in real-time as default ( Aʟʟᴏᴡ Rᴇᴘᴀɪɴᴛɪɴɢ (Cᴜʀʀᴇɴᴛ HTF Dᴀᴛᴀ) ). Disabling this will have Higher Time Frame data lag based on previous HTF close. Real-time data is recommended for live prices/data as it helps see the current dynamic.
Hᴇɪᴋɪɴ Asʜɪ Sᴄʀᴇᴇɴᴇʀ plots data based on Heikin Ashi chart on normal candle/bar chart.
Tʀᴇɴᴅ Bᴀsᴇᴅ Sᴄʀᴇᴇɴᴇʀ (ʀsɪ, sᴛᴏᴄʜ, ᴄᴄɪ) plots color coded screener blocks based on Upper and Lower bands input from the user. The colors change only when the upper/lower band is breached for the first time since the opposite band breach.
The MTF Screener blocks can be used visually on price chart by just moving the MTF Screener to main chart with the default Separate Screener Pane - Default under Lᴀʙᴇʟs Dɪsᴘʟᴀʏ Tʏᴘᴇ to keep the labels on chart. Having separate scales for security price and MTF Screener makes it possible to view the screener blocks on main chart.
Screener overlaid on Price Chart disables the MTF screener blocks but shows the MTF labels on price chart.
MTF Screener block colours can be changed from Screener Blocks colour settings and the Screener Label colour can be changed from Screener Label Colour settings.
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𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗣𝗹𝗼𝘁
Screener Indicator Plot is a singular plot of the user preferred timeframe multiplier (entered in Iɴᴅɪᴄᴀᴛᴏʀ Pʟᴏᴛ Tɪᴍᴇғʀᴀᴍᴇ Mᴜʟᴛɪᴘʟɪᴇʀ input box) of the Essential Indicator selected by the user.
To display the indicator plot, enable Dɪsᴘʟᴀʏ Iɴᴅɪᴄᴀᴛᴏʀ Pʟᴏᴛ (ᴅɪsᴀʙʟᴇs sᴄʀᴇᴇɴᴇʀ) . For example, if the selected plot is RSI, this displays RSI of the chosen Time Frame Multiplier along with the MTF Screener Labels without the blocks.
Screener Indicator Plot colours can be changed from Indicator/Screener Label colour settings and the Label colour can be changed from Lᴀʙᴇʟ Cᴏʟᴏᴜʀ (ғᴏʀ ɪɴᴅɪᴄᴀᴛᴏʀ ᴘʟᴏᴛ) .
The example chart below shows the use of both MTF Screener Blocks and Screener Indicator Plots of various essential indicators.
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Note: ™TradeChartist Essential MTF Screener is not a Signal generator and doesnt always reflect the trend when using MTF Screener blocks. Using relatively higher Time Frame Multipliers can cause late trade entries on chart time frame. The Screener and labels help visualize the values and the relative trend where sensible using colour codes. Users must devise personal techniques to exploit and use this tool to suit their trading needs.
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Example Charts
1. BTC-USDT 1hr chart using multiple MTF Screeners
2. BTC-USDT 1hr chart using Net Volume Indicator Plot and MACD MTF Screener on chart.
3. BTC-USDT 4hr chart using Daily Heikin Ashi Trend plotted on the main chart + Daily RSI indicator plot on a separate MTF Screener pane connected to ™TradeChartist Plotter to display Divergences on Price chart.
4. BTC-USDT 4 hr chart as above example, connected to ™TradeChartist FibMaster to plot Auto Fibs and display Bull/Bear Zones based on RSI 60/40 breakout trends.
5. BTC-USDT 4 hr chart with 20 period Weekly Hull MA plotted on Main chart with 4hr, Daily and 3D 20 period Hull MA value labels with Daily MACD Indicator Plot with 1hr, 4hr and 12 hr MACD real-time value labels.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist Plotter™TradeChartist Plotter is an extremely useful and adaptive indicator that connects to any oscillator to plot highs and lows, Divergences and also Bull and Bear Zones based on the Oscillator and user input to filter zones. When plotted as normal or Heikin Ashi price bars/candles, the divergences can be plotted on price bars and in addition ™TradeChartist MA Visualizer can be plotted and used to filter trade zones derived from the Oscillator connected.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗣𝗹𝗼𝘁𝘁𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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To connect an oscillator to ™TradeChartist Plotter, follow the steps below.
From the ╔═══ 𝗣𝗹𝘂𝗴 𝗢𝘀𝗰𝗶𝗹𝗹𝗮𝘁𝗼𝗿 ═══ 🔌 dropdown, choose the Oscillator plot which is active on the chart.
Choose the Oscillator Smoothing factor if smoothing is not available on the original oscillator plot by using the Osᴄɪʟʟᴀᴛᴏʀ Sᴍᴏᴏᴛʜɪɴɢ input box.
Enter Upper and Lower Bands for the Oscillator plot that helps detect Highs/Lows, Divergences, Trade Zones etc. by using the Uᴘᴘᴇʀ Bᴀɴᴅ and Lᴏᴡᴇʀ Bᴀɴᴅ input boxes. For example, for oscillators like RSI, bands can be 60/40 or 70/30 or even 50/50 to help filter highs/lows on Oscillator and the main price chart based on Oscillator values above Upper Band and Oscillator values below Lower Band.
Osᴄɪʟʟᴀᴛᴏʀ Bᴀsᴇ Lɪɴᴇ is required especially for Oscillators that don't have 0 as its base line. For example, RSI, Stochastic etc. oscillate between 0 and 100. For Oscillators like these, a base line value is really useful on ™TradeChartist Plotter especially to detect Divergences, Highs/Lows, Trade Zones and even to plot the Oscillator as a Histogram or Area plot.
Pʟᴏᴛ Bᴀsᴇ Lɪɴᴇ ᴀɴᴅ Bᴀɴᴅs plots base line and the bands if Oscillator plot is chosen.
There are three plot types under Pʟᴏᴛ Tʏᴘᴇ and they are
══ Plot Oscillator - This option plots the connected Oscillator
══ Plot Price Candles - This option plots price candles and if overlaid on main chart, Highs/Lows, Divergences etc can be visualized along with ™TradeChartist MA Visualizer if enabled.
══ Plot Price Bars - This option plots price bars and if overlaid on main chart, Highs/Lows, Divergences etc can be visualized along with ™TradeChartist MA Visualizer if enabled.
Pʟᴏᴛ HA Cᴀɴᴅʟᴇs/Bᴀʀs plots Heikin Ashi candles/bars. It doesn't affect the Oscillator plot or in anyway alter the Oscillator plot.
Pʟᴏᴛ Sᴛʏʟᴇ dropdown has three types of styles - Line, Histogram and Area plot styles for the Oscillator plot.
Pʟᴏᴛ Pʀɪᴄᴇ Hɪɢʜs ᴀɴᴅ Lᴏᴡs plots the price highs and price lows corresponding to the Bull and Bear zones of the Oscillator connected.
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╔═════════ 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 ═════════╗
MA Visualizer is a powerful and very useful original ™TradeChartist visual method to plot Moving Averages of the close price of the security for user specified look back period in a visually appealing style in the form of colour coded bands. MA Visualizer not only helps the trader spot the price action of the security relative to the moving average, but also paints a visual picture of the trend strength, which must be seen and used on chart to appreciate its elegance. One of 15 different types of Moving Averages can be used to visualize the price action.
Activate 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 and choose the MA type from MA Vɪsᴜᴀʟɪᴢᴇʀ Tʏᴘᴇ dropdown and entering the lookback period in MA Vɪsᴜᴀʟɪᴢᴇʀ ᴘᴇʀɪᴏᴅ input box.
MA Visualizer colour theme can be be changed from MA Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ dropdown.
The faster of the two set of bands that form the MA Visualizer reacts to price action faster and can be clearly seen from its change of colour from Bull Colour to Bear Colour or vice-versa earlier than the slower set of bands. The fill colour between the bands also helps the user stay in a trade or exit a trade based on other confirmators.
Enabling Dᴀᴢᴢʟɪɴɢ Vɪsᴜᴀʟɪᴢᴇʀ makes the Visualizer dazzle. Uncheck this option for normal view of MA Visualizer.
𝐔𝐬𝐞 𝐌𝐀 𝐕𝐢𝐬𝐮𝐚𝐥𝐢𝐳𝐞𝐫 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫 filters the trade zones based on MA Visualizer's trend agreeing with the Oscillator trend. Fɪʟᴛᴇʀ Eᴀʀʟʏ Vɪsᴜᴀʟɪᴢᴇʀ Bʀᴇᴀᴋᴏᴜᴛs filters the trades based on faster MA Visualizer plot's trend.
Also, enabling Pʟᴏᴛᴛᴇʀ Bᴀᴄᴋɢʀᴏᴜɴᴅ Fɪʟʟ under 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 helps detect the trade zones with or without the MA Visualizer filter enabled.
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╔═══════ 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀 ═══════╗
Plotter detects both Regular and Hidden Bullish (in a Bear Zone) and Bearish Divergences (in a Bull Zone) at every occurence based on the Oscillator connected. This can be filtered by the use of filtering by Upper and Lower Band values in the Oscillator section. Divergences can also be plotted on price bars based on Pʟᴏᴛ Tʏᴘᴇ .
To plot divergences, enable 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀, Sʜᴏᴡ Rᴇɢᴜʟᴀʀ Dɪᴠᴇʀɢᴇɴᴄᴇs and Sʜᴏᴡ Hɪᴅᴅᴇɴ Dɪᴠᴇʀɢᴇɴᴄᴇs .
Users can further filter Divergences by entering the number of bars to the right in Rɪɢʜᴛ ʙᴀʀs ғᴏʀ Pɪᴠᴏᴛ Cᴏɴғɪʀᴍᴀᴛɪᴏɴ input box to confirm the Price Pivot (for Regular divergences) and Oscillator Pivot (for Hidden Divergences).
Note: Divergences can not be traded at every instance or as a standalone indicator. It just indicates a possibility of strength exhaustion and should not be trusted during a trending market. Higher smoothing (done sensibly) also filters divergences. Divergence can be a strong confirmator once a reversal is detected. For example, using MA Visualizer can help confirm a divergence and vice-versa to identify the trend changes. This means that the confirmations may happen after a few bars since the divergence in agreement with the MA Visualizers trend change.
The example chart of 4hr BTC-USDT chart shows the Divergences filtered by use of RSI 60/40 bands, MA Visualizer and Regression channel trends. It is important to note that the trend intensity colour on the plot and bars (if bar colour option is enabled) will help detect if the Divergence would hold.
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╔═══════ 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 ═══════╗
Pʟᴏᴛᴛᴇʀ Bᴀᴄᴋɢʀᴏᴜɴᴅ Fɪʟʟ - Plots background fill based on Bull and Bear Zones based on the Oscillator connected and the filters used.
Plotter offers two vibrant Colour Themes, namely Chilli and Flame , which can be opted from Pʟᴏᴛᴛᴇʀ Tʜᴇᴍᴇ dropdown. These themes also offer the option to plot the trend intensity on the price bars as bar colours by enabling Cᴏʟᴏᴜʀ Bᴀʀs . Bar colors can also be inverted using Iɴᴠᴇʀᴛ Bᴀʀ Cᴏʟᴏᴜʀ option.
Users can also choose to use the Simple theme and choose preferred colours from Sɪᴍᴘʟᴇ Tʜᴇᴍᴇ ʙᴜʟʟ Cᴏʟᴏᴜʀ and Sɪᴍᴘʟᴇ Tʜᴇᴍᴇ ʙᴇᴀʀ Cᴏʟᴏᴜʀ colour input.
Note : The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about plots disappearing after bar close.
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Example Charts
1. EUR-USD 15m chart with 3 Plotters on chart, 1 with ™TradeChartist MDO , 1 on main chart and 1 HA Bar chart showing various ways of plotting highs/lows, divergences and Trade zones using 55 period LSMA MA Visualizer.
2. XAU-USD 15m chart with Chande Momentum Oscillator connector to Plotter with 200 period SMA Visualizer used as Trade Filter.
3. LINK-USDT 1hr chart with ™TradeChartist Risk Meter connected to Plotter with 144 period Hull MA Visualizer as Trade filter on Main chart with Divergences plotted based on Risk Meter Volatility Risk Oscillator.
4. Example 3 above with Plotter's Trend Identifier connected to ™TradeChartist Plug and Trade as Oscillatory Signal with Past performance and trades plotted.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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BRAHMA - Better Remodelled Adaptive Holistic Moving Average™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗕𝗥𝗔𝗛𝗠𝗔 (Better Remodelled Adaptive Holistic Moving Average) is an exceptionally versatile Moving Average, that can adapt, expand and transform into a better Moving Average system that consists of BRAHMA bands and BRAHMA steps, both emanating from a singular plot based on the source price and the lookback length. The system also consists of BRAHMA cloud which is based on the source price, the lookback length, the step length and the cloud factor. In addition to using the source price directly, the indicator offers 15 different Moving Average types that can be used on the source price for BRAHMA system to adapt to, offering several possibilities to visualize and trade the price action.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗕𝗥𝗔𝗛𝗠𝗔 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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Like any other moving average system, the source price and the lookback length determines the dynamic of BRAHMA . Source price can be selected from Sᴏᴜʀᴄᴇ dropdown and the lookback length can be enetered in the Bʀᴀʜᴍᴀ Lᴇɴɢᴛʜ input box. MA ᴛʏᴘᴇ dropdown is used to choose the type of moving average for BRAHMA to adapt to. To use the source price directly, Use Source must be selected from the dropdown.
In addition to this usual requirement, Bʀᴀʜᴍᴀ Wɪᴅᴛʜ and Bʀᴀʜᴍᴀ Sᴛᴇᴘ Lᴇɴɢᴛʜ are required to make BRAHMA moving average system complete, based on risk and reward expectations of the user.
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BRAHMA Bands and Steps
The Bands and the Steps are integral part of the BRAHMA system. When the Bʀᴀʜᴍᴀ Wɪᴅᴛʜ and Bʀᴀʜᴍᴀ Sᴛᴇᴘ Lᴇɴɢᴛʜ values are 1, the bands and steps lie dormant inside BRAHMA and they emanate from the main plot as the values are increased.
Bʀᴀʜᴍᴀ Wɪᴅᴛʜ impacts the Bands Mean line + expands or contracts the bands and Bʀᴀʜᴍᴀ Sᴛᴇᴘ Lᴇɴɢᴛʜ transforms the dormant step system (on minimum value of 1) from inside the BRAHMA bands into a powerful step/block like structure that helps find support/resistance levels and displays Bull and Bear zones based on price action in relation to the BRAHMA bands and BRAHMA steps .
Dɪsᴘʟᴀʏ Bʀᴀʜᴍᴀ Sᴛᴇᴘs plots the steps
Dɪsᴘʟᴀʏ Bʀᴀʜᴍᴀ Bᴀɴᴅs plots the bands
Enabling Cᴏʟᴏᴜʀ Bᴀʀs with Bands and Steps displayed will plot the Bull and Bear Zones on price bars and this dynamic is very different from the colouring of the bars based on the cloud as a standalone plot.
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BRAHMA Cloud
The cloud is a very useful part of this system and helps see the price action with the help of volatility of Bulls/Bears based on the lookback length, step length and the cloud factor. Price above or below the cloud helps visualize the strength of the trend along with the height/thickness of the cloud. Thinning of the cloud can signal reversals and can be used with another confirmator.
Cʟᴏᴜᴅ Fᴀᴄᴛᴏʀ (1 - 10) affects the cloud dynamic and can be changed to suit personal risk strategy and trade frequency. Cloud sensitivity is also affected by the Bʀᴀʜᴍᴀ Lᴇɴɢᴛʜ . Cloud can be used on its own with really low lookback length (even length of 1 works well).
Dɪsᴘʟᴀʏ Bʀᴀʜᴍᴀ Cʟᴏᴜᴅ plots the cloud
Enabling Bʀᴀʜᴍᴀ Cᴏʟᴏᴜʀ Bᴀʀs with Cloud displayed as the only standalone component of the indicator will plot the Bull and Bear Zones and this dynamic is very different from the colouring of the bars based on the Bands and Steps on chart. When the price enters the cloud from below after or during a period of downtrend will start painting Bull colour and when the price enters the cloud from above after or during a period of uptrend will start painting Bear colour on the price bars.
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BRAHMA Colour Scheme
The colours of the plots and fills can be changed based on user preference from the indicator settings.
There are three Themes to choose from Bʀᴀʜᴍᴀ Cᴏʟᴏᴜʀ Bᴀʀs Tʜᴇᴍᴇ (Simple, Chilli and Flame) dropdown to colour the price bars.
Enabling Bʀᴀʜᴍᴀ Cᴏʟᴏᴜʀ Bᴀʀs with Simple Theme colours the price bars based on Bull and Bear zones as explained in the sections above. Chilli and Flame themes colour the price bars with trend intensity for every bar based on the source price and lookback length.
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Alerts
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars. It is recommended to wait for bar close before taking a position based on Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
™TradeChartist BRAHMA can also be connected to ™TradeChartist Plug and Trade using 𝗕𝗥𝗔𝗛𝗠𝗔 𝗧𝗿𝗲𝗻𝗱 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗿 as Oscillatory Signal to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
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Example Charts
1. The 15m chart below demonstrates how a Simple Moving Average can be transformed from a noisy pretty much untradeable MA plot to meaningful Moving Average Trade System using BRAHMA by adjusting the Width and the Step Length.
2. GBP-USD 1hr chart using 34 period Zero-Lag EMA with 21 width and 24 step length (24 hrs in a Daily candle - This helps choose length for HTF based levels)
3. NIFTY 1hr chart using 21 period TEMA (Triple Exponential MA) with 21 width and 24 step length.
4. XAU-USD Daily chart using 89 period TEMA with 24 width and 12 step length, enabling Chilli Theme based colour bars.
5. LINK-USDT 1hr chart using 21 period Hull MA with 24 width, 24 step length and cloud factor of 2 visualised using colour bars on cloud as standalone plot.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist MA Waterslide™TradeChartist MA Waterslide is a beautiful visual indicator that uses an original method to plot a trend based waterslide on price action, based on one of the 15 types of moving averages of the source price. The Waterslide helps identify the trend and also helps spot key Support and Resistance levels visually from the confluence of Waterslide levels.
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Key features included in the settings
MA Waterslide - Displays Waterslide based on one of the 15 MA types - disabling this option removes the fill and shows just the Waterslide levels.
Waterslide MA Type - User can choose one of 15 different types of Moving Averages.
Waterslide MA Length - User can input the required MA length for the Waterslide.
Offset - Offset upto the value of 5 can be used to visually see the levels better by projecting them into the future by the Offset value.
Waterslide Width - Width of the Waterslide. Default width is 3 and Minimum is 1. It can be changed to suit the risk based support and resistance spotting.
Display MA - Displays the True MA Plot
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Example charts
1. BTC Multi Window showing different Themes and MA types.
2. GBPUSD 15m chart using 200 period Hull MA with Offset 5 and Width 5 along with True MA plot.
3. XAUUSD 1 hr chart using 200 period TEMA with Offset 5 and Width 5 of BaseLine (Kijun Sen) of Ichimoku Cloud as Price Source.
4. SPX 1 hr chart using 100 SMA and Width 5 with just the MA Waterslide Levels.
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TradeChartist Ichimoku Trader ™TradeChartist Ichimoku Trader is an elegant and functional breakouts trading indicator that generates trade signals based on two types of breakouts - True Ichimoku Kumo Breakouts and Ichimoku Trade Bands Breakouts, which can be further filtered using ™TradeChartist MA Visualizer and/or using an external Filter.
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╔════════ 𝗖𝗹𝗼𝘂𝗱 𝗦𝗲𝘁𝘁𝗶𝗻𝗴𝘀 ═════════╗
Cloud Settings form the fundamental factor for this indicator to detect the breakouts. The settings for the Ichimoku Cloud is Automatic by default, but this can be changed based on the user preference from the settings under 𝐂𝐥𝐨𝐮𝐝 𝐓𝐲𝐩𝐞, which also includes a manual input option. Ichimoku traders can experiment different settings combinations under manual settings to suit their trading frequency and timeframe traded.
Ichimoku Cloud with its components can be displayed or hidden by enabling/disabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐂𝐥𝐨𝐮𝐝. Also, Sʜᴏᴡ Iᴄʜɪᴍᴏᴋᴜ Cʀᴏssᴇs from the Cloud Settings plots tiny crosses on chart.
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╔═════════ 𝗕𝗮𝗻𝗱𝘀 𝗦𝗲𝘁𝘁𝗶𝗻𝗴𝘀 ════════╗
Even though the Ichimoku Trade Bands are derived from the Cloud Parameters, the Bᴀɴᴅ Wɪᴅᴛʜ (0.236 - 1) and Lᴏᴏᴋʙᴀᴄᴋ (5 - 200) influences the sensitivity and the width of the bands, which has an effect on the risk and reward expected from Ichimoku Trade Bands Breakout trade.
Trade Bands can be displayed or hidden by enabling/disabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐓𝐫𝐚𝐝𝐞 𝐁𝐚𝐧𝐝𝐬. Also, the Bands mean line can be enabled or disabled using 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐓𝐫𝐚𝐝𝐞 𝐁𝐚𝐧𝐝𝐬 𝐌𝐞𝐚𝐧 𝐋𝐢𝐧𝐞 check box and its line width can be changed using Tʀᴀᴅᴇ Bᴀɴᴅs Mᴇᴀɴ Lɪɴᴇ Wɪᴅᴛʜ dropdown.
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╔═════════ 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 ═════════╗
MA Visualizer is a powerful and very useful original ™TradeChartist visual method to plot Moving Averages of the close price of the security for user specified look back period in a visually appealing style in the form of colour coded bands. MA Visualizer not only helps the trader spot the price action of the security relative to the moving average, but also paints a visual picture of the trend strength, which must be seen and used on chart to appreciate its elegance. One of 15 different types of Moving Averages can be used to visualize the price action.
Activate 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 and choose the MA type from MA Vɪsᴜᴀʟɪᴢᴇʀ Tʏᴘᴇ dropdown and entering the lookback period in MA Vɪsᴜᴀʟɪᴢᴇʀ ᴘᴇʀɪᴏᴅ input box. MA Visualizer colour theme can be be changed from MA Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ dropdown.
The faster of the two set of bands that form the MA Visualizer reacts to price action faster and can be clearly seen from its change of colour from Bull Colour to Bear Colour or viceversa earlier than the slower set of bands. The fill colour between the bands also helps the user stay in a trade or exit a trade based on other confirmators.
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╔═══════ 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗙𝗶𝗹𝘁𝗲𝗿𝘀 ═══════╗
Signal Type
True Ichimoku Kumo Breakout
Ichimoku traders mostly use the Kumo breakouts for trading based on several Bullish and Bearish conditions. For the sake of effective trade entries, trade entry plots for specific cloud events like Kumo twists, Tenkan Sen crossing Kijun Sen, price crossing cloud components etc have been intentionally ignored as Ichimoku traders often tend to visually trade them effectively.
Ichimoku Trade Bands Breakout
In addition to the True Kumo Breakouts, users of this script will be able to trade Ichimoku Trade Bands Breakouts. Ichimoku Trade Bands is an original ™TradeChartist model designed to detect early trend changes based on the Ichimoku settings. These bands are comprised of three plots - an upper band, a lower band and a mean line, namely and all are derived from the Ichimoku settings. The bands act as a filter and a breakout from bands' extreme boundaries signals a change in trend. The settings of the bands can be derived automatically or using manual input based on Ichimoku Cloud parameters, accessed from the indicator settings.
The Breakout Trade Entries can be further filtered by use of MA Visualizer or by using an external filter connected to the script.
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╔═════════ 𝗙𝗶𝗹𝘁𝗲𝗿 𝗦𝗲𝘁𝘁𝗶𝗻𝗴𝘀 ═════════╗
Filters are normally used to reduce noise in the Trade Entry Signals and they can be quite effective in helping the trader stay in trade and to minimize unproductive trade entries. Ichimoku Trader enables the user to use upto two trade filters - MA Visualizer and /or External Filter respectively.
Moving Averages are very effective trade filters and if the right Moving Average is used with right lookback period based on trade type and timeframe traded, they can be very effective in filtering trades.
Enabling 𝐔𝐬𝐞 𝐌𝐀 𝐕𝐢𝐬𝐮𝐚𝐥𝐢𝐳𝐞𝐫 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫 filters breakouts only when MA Visualizer agrees with the trend (which can be visualized using the fill colour between the MA Visualizer plots.
Enabling Fɪʟᴛᴇʀ Eᴀʀʟʏ Vɪsᴜᴀʟɪᴢᴇʀ Bʀᴇᴀᴋᴏᴜᴛs in addition filters breakouts even if price closed above the upper MA Visualizer plot without having to agree with fill colour.
In addition to MA Visualizer Filter, and external filter like RSI, MACD etc. can also be used by connecting to Ichimoku Trader under ╔═══ 𝗣𝗹𝘂𝗴 𝗙𝗶𝗹𝘁𝗲𝗿 𝗵𝗲𝗿𝗲 ═══ 🔌 dropdown by enabling 𝐔𝐬𝐞 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐅𝐢𝐥𝐭𝐞𝐫 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫. The external filter can be used as the only filter or in addition to MA Visualizer filter.
To get the external filter to work, Sɪɢɴᴀʟ Tʏᴘᴇ must be set right. For plots that are not oscillatory like Moving Averages, Super Trend etc., choose type as Non Oscillatory and for Oscillators like RSI, CCI, MACD etc., choose type as Oscillatory .
For Oscillators, levels must be specified for Fɪʟᴛᴇʀ Lᴇᴠᴇʟ ғᴏʀ ʟᴏɴɢs and Fɪʟᴛᴇʀ Lᴇᴠᴇʟ ғᴏʀ sʜᴏʀᴛs , especially if the Oscillator doesnt have 0 as mid line, like RSI. Even for 0 mid oscillators like CCI, filter levels like 100/-100 work effectively to filter noise.
Use 𝐓𝐫𝐚𝐝𝐞 𝐙𝐨𝐧𝐞𝐬 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐅𝐢𝐥𝐥 under 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 to paint the trade zones background. It helps visually see the effect of filters on the breakout entries and also the trade performance.
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╔═════════ 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 ═════════╗
Ichimoku Trader also includes the following useful extras
𝐓𝐫𝐚𝐝𝐞 𝐙𝐨𝐧𝐞𝐬 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐅𝐢𝐥𝐥 paints the trade zones in green and red as mentioned above.
Sʜᴏᴡ Hɪɢʜs ᴀɴᴅ Lᴏᴡs plots the highest highs of the Bull Zone and the lowest lows of the Bear Zone to help spot the wicks, support and resistance.
Tᴀᴋᴇ Pʀᴏғɪᴛ Bᴀʀs helps detect the volatility exhaustion prices and plots $ signs to help the trader take profits or move stop loss levels to secure gains or to reduce losses.
Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Bᴀʀs paints the price bars with trend intensity and the user can opt from one of two themes under Bᴀʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ (Chilli and Flame).
The bar colors can be inverted by enabling Iɴᴠᴇʀᴛ Bᴀʀ Cᴏʟᴏʀs to see reverse bias with respect to the current trade direction.
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╔═════════ 𝗔𝗹𝗲𝗿𝘁𝘀 ═════════╗
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars based on Breakout and filter conditions. It is recommended to wait for bar close before taking a position based on Ichimoku Trader Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
™TradeChartist Ichimoku Trader 𝗧𝗿𝗲𝗻𝗱 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗿 can also be connected to ™TradeChartist Plug and Trade to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
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There are several combinations of settings that can be tested on the security traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc. Following are a few examples using the Visualizer.
╔════════ 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗖𝗵𝗮𝗿𝘁𝘀 ════════╗
1. BTC-USDT 1hr True Ichimoku Kumo Breakout with no filters.
2. BTC-USDT 1hr Ichimoku Trade Bands (Default) Breakout with no filters.
3. BTC-USDT 1hr Ichimoku Trade Bands (Default) Breakout using 200 period Hull MA Visualizer filter.
4. AAPL 4hr Ichimoku Trade Bands (Default) Breakout using 200 period VIDYA MA Visualizer filter. Note: VIDYA is normally used for long term trades.
5. GBP-USD 5m True Ichimoku Kumo Breakout using 144 period TEMA MA Visualizer filter and Money Flow Index connected as external filter with 80/20 Filter values.
6. XAU-USD 1hr Ichimoku Trade Bands (Default) Breakout using 144 period TEMA MA Visualizer and Keltner Channels basis line as external non-oscillatory filter, connected to ™TradeChartist Plug and Trade using Ichimoku Trader 𝗧𝗿𝗲𝗻𝗱 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗿.
7. SHITPERP 1hr Ichimoku Trade Bands (0.618 Band Width and Lookback 89 periods) using 50 period Zero-Lag EMA Visualizer Filter.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
===================================================================================================================
This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist Visualizer ™TradeChartist Visualizer is a fully packed Trader's toolkit that helps decide Trade Entries and Exits based on Bollinger Bands and Donchian Channels breakouts and can be further exploited by the use of various visualizers and built in Filters like Ichimoku Cloud, 15 different Moving Averages, RSI, TradeChartist's original MA Visualizer and Automatic Levels Generator.
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Bollinger Bands is a classic indicator that uses a simple moving average of 20 periods, along with plots of upper and lower bands that are 2 standard deviations away from the basis line. These bands help visualize price volatility and trend based on where the price is, in relation to the bands.
Donchian Channels comprises of three plots - a upper band, a lower band and a mean line (or mid line of the channel). The upper band is based on highest high of N periods specified by the user and the lower band is based on the lowest low of N periods specified by the user. These channels help spot price breaching high or low of last N periods clearly, thereby aiding the trader to understand the price action of any security better on any given timeframe.
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╔═════ 𝗕𝗕 & 𝗗𝗼𝗻𝗰𝗵𝗶𝗮𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀 ═════╗
™TradeChartist Visualizer is based on the idea of Bollinger Bands and Donchian Channels Breakout model for generating Trade Entries. Visualizer uses the following three fundamental plot options from the settings that the user can choose from, to spot breakouts, support/resistance levels and the trading price range of the security.
1. Bollinger Bands
The 𝟏. 𝐁𝐨𝐥𝐥𝐢𝐧𝐠𝐞𝐫 𝐁𝐚𝐧𝐝𝐬 option plots the Bollinger Bands for the chart timeframe (default is 55 SMA with 1 standard Deviation). This can be changed by entering different values in BB Sᴛᴀɴᴅᴀʀᴅ Dᴇᴠɪᴀᴛɪᴏɴ and MA Lᴇɴɢᴛʜ ғᴏʀ BB/Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟs .
To use a different Moving Average for the Bollinger Bands Basis line, uncheck 𝐒𝐌𝐀 𝐁𝐁 𝐨𝐧𝐥𝐲 - 𝐔𝐧𝐜𝐡𝐞𝐜𝐤 𝐟𝐨𝐫 𝐧𝐨𝐧-𝐒𝐌𝐀 𝐁𝐁
The option is enabled as default as it keeps the SMA as standard. Unchecking this option and choosing a different moving average out of the 15 MAs in the dropdown, the plot changes significantly for each. Also a warning label will appear on screen if Standard Deviation more than 1 is used for non standard MA for Bollinger Bands, as the settings must be tested for non-standard Bollinger Bands before planning to trade with it.
2. True Donchian Channels
The 𝟐. 𝐓𝐫𝐮𝐞 𝐃𝐨𝐧𝐜𝐡𝐢𝐚𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 option plots Donchian Channels by inspecting the lookback lengths for highest highs and lowest lows of the user specified periods, which can be changed in Uᴘᴘᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ and Lᴏᴡᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ user input boxes from Visualizer settings.
3. Donchian Channels - MA and Non-MA Source
The 𝟑. 𝐃𝐨𝐧𝐜𝐡𝐢𝐚𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 - 𝐌𝐀/𝐍𝐨𝐧-𝐌𝐀 𝐒𝐨𝐮𝐫𝐜𝐞 option plots modified Donchian Channels based on highest high and lowest low of Moving Average or the Source using user specified periods, which can be changed in Uᴘᴘᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ , Lᴏᴡᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ , MA Lᴇɴɢᴛʜ ғᴏʀ BB/Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟs choosing the source plot from Sᴏᴜʀᴄᴇ and MA Type from MA ᴛʏᴘᴇ - (ғᴏʀ ᴘʟᴏᴛs 1 & 3) . For Donchian Channels plot of Non-MA Source, choose Use Source from MA ᴛʏᴘᴇ - (ғᴏʀ ᴘʟᴏᴛs 1 & 3) dropdown.
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╔═════════ 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 ═════════╗
MA Visualizer is a powerful and very useful original visual method to plot Moving Averages of the close price of the security for user specified look back period in a visually appealing style in the form of colour coded bands. MA Visualizer not only helps the trader spot the price action of the security relative to the moving average, but also paints a visual picture of the trend strength, which must be seen and used on chart to appreciate its elegance.
Activate 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 and choose the MA type from MA Vɪsᴜᴀʟɪᴢᴇʀ Tʏᴘᴇ dropdown and entering the lookback period in MA Vɪsᴜᴀʟɪᴢᴇʀ ᴘᴇʀɪᴏᴅ input box. MA Visualizer colour theme can be be changed from MA Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ dropdown.
The faster of the two set of bands that form the MA Visualizer reacts to price action faster and can be clearly seen from its change of colour from Bull Colour to Bear Colour or viceversa earlier than the slower set of bands. The fill colour between the bands also helps the user stay in a trade or exit a trade based on other confirmators or filters included in ™TradeChartist Visualizer .
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╔═══════ 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗙𝗶𝗹𝘁𝗲𝗿𝘀 ═══════╗
𝗦𝗶𝗴𝗻𝗮𝗹𝘀
Trade Signals can be enabled along with use of various filters from this heading in Visualizer settings. To plot Trade entry markers on chart when a trade signal is generated, enable 𝐁𝐁/𝐃𝐨𝐧𝐜𝐡𝐢𝐚𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 𝐁𝐫𝐞𝐚𝐤𝐨𝐮𝐭 𝐒𝐢𝐠𝐧𝐚𝐥𝐬.
The script automatically detects the breakouts based on user specified settings under 𝗕𝗕 & 𝗗𝗼𝗻𝗰𝗵𝗶𝗮𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀. Trade Entries are plotted on the real-time breakout candle, so it is recommended to wait for bar close before taking a position in the direction of the breakout.
𝗙𝗶𝗹𝘁𝗲𝗿𝘀
Various Filters can be used from this heading to reduce noise and help make the trade decision more effective and eliminates unproductive trades when the price is ranging or during sideways movement.
To use Filters, enable 𝐔𝐬𝐞 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫 and choose the Filters from under Tʀᴀᴅᴇ Fɪʟᴛᴇʀ 1 and Tʀᴀᴅᴇ Fɪʟᴛᴇʀ 2 . If --- is chosen, no filter will be used. Trade filter parameters can be changed from under 𝗙𝗶𝗹𝘁𝗲𝗿 𝗣𝗮𝗿𝗮𝗺𝗲𝘁𝗲𝗿𝘀 section of Visualizer settings. The two trade filter dropdowns enable traders to use upto 2 filters from the following.
══> MA filter - This filters entries after a breakout only if the close price had breached the MA price. Filter MA is based on the same settings as MA Visualizer. This MA used for Filter can also be plotted by enabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐌𝐀 𝐅𝐢𝐥𝐭𝐞𝐫 (𝐌𝐀 𝐕𝐢𝐬𝐮𝐚𝐥𝐢𝐳𝐞𝐫 𝐒𝐞𝐭𝐭𝐢𝐧𝐠𝐬). To view this MA plot clearly, disable MA Visualizer.
══> MA Visualizer filter - This filters entries after a breakout only if both set of MA Visualizer bands had turned into same colour (either Bull or Bear Colour) agreeing with the direction of the breakout.
══> RSI filter - This filters entries after a breakout only if the RSI had crossed above RSI - Lᴏɴɢ Eɴᴛʀʏ Fɪʟᴛᴇʀ for Longs or if RSI had crossed below RSI - Sʜᴏʀᴛ Eɴᴛʀʏ Fɪʟᴛᴇʀ .
══> Kumo Breakout filter - This filters entries after a breakout only if price had closed above or below the Kumo of the Ichimoku Cloud in the direction of the breakout.
══> Price crossing Kijun Sen - This filters entries after a breakout only if close price had crossed Kijun Sen or the Ichimoku Base Line in the direction of the breakout.
To visualize the Kumo Breakout or Price crossing Kijun Sen, Ichimoku Cloud can be plotted on chart by enabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐂𝐥𝐨𝐮𝐝 from 𝗙𝗶𝗹𝘁𝗲𝗿 𝗣𝗮𝗿𝗮𝗺𝗲𝘁𝗲𝗿𝘀 section of Visualizer settings.
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╔═══ 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗰 𝗟𝗲𝘃𝗲𝗹𝘀 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗼𝗿 ════╗
Enabling 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗰 𝗟𝗲𝘃𝗲𝗹𝘀 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗼𝗿 plots support and resistance levels automatically without any input from the user other than preferred levels plot from the indicator settings namely,
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases). Recommended for Scalping/Swing Trading mostly dependent on volatility.
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels inferred from mostly time frames - Short to Mid term outlook.
Use Trading View Data Window to make effective use of the levels.
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╔═════════ 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 ═════════╗
Volatility exhaustion is detected by the script and plots $ on bar highs for Long Trades and bar lows for Short Trades if Tᴀᴋᴇ Pʀᴏғɪᴛ Bᴀʀs is enabled.
Candles/Bars can be colored with Price action trend strength by enabling Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Bᴀʀs and by choosing one of two themes from Bᴀʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ . Bar colors can also be inverted using Iɴᴠᴇʀᴛ Bᴀʀ Cᴏʟᴏʀs option.
To paint the background of the chart to spot trade zones, enable Tʀᴀᴅᴇ Zᴏɴᴇs Bᴀᴄᴋɢʀᴏᴜɴᴅ Fɪʟʟ .
Alerts
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars based on Breakout and filter conditions. It is recommended to wait for bar close before taking a position based on Visualizer Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
™TradeChartist Visualizer can also be connected to ™TradeChartist Plug and Trade to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
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There are several combinations of settings that can be tested on the security traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc. Following are a few examples using the Visualizer.
Example Charts
1. ETH-USDT 1hr chart using Bollinger Bands (55/1, SMA) with 89 period Hull MA as MA Visualizer filter for BB Entries.
2. AAPL 1hr chart using 34 period Donchian Channels with 89 period Zero-Lag EMA as MA Visualizer filter for Entries.
3.EUR-USD 1hr chart using 34 period Donchian Channels with 89 period TEMA as MA Visualizer Filter for Entries.
4. XBT Daily chart using 9/21 Donchian Channels with Kumo Breakout Filter and 34 period Hull MA Visualizer Filter for Entries connected to Plug and Trade.
5. LINK-USDT 1hr chart using 34 period Donchian Channels with 55 period LSMA MA Visualizer Filter for Entries with Ichimoku Cloud Plot.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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多重平均线（Multi Moving Average）This is a Multi Moving Average indicator which redesign and translate for Chinese.
这是一个多重平均线（Multi Moving Average）指标。
本脚本的目的在于帮助使用中文的人了解该指标，特别是其用法。同时将该指标代码添加完整的中文注释，方便使用中文的人学习Pine语言。
平均线是最常用的技术分析方法之一。
本指标的特色
相对于官方提供的平均线，本版本平均线指标有两点特色：
1 可以在图表上一次显示多条（最多6条）移动平均线；
2 支持包括SMA、EMA、WMA、HMA、VWMA、RMA等多种平均线，可以根据自己的需求选择相应的平均线。
*注释
SMA：简单移动平均线
EMA：指数加权移动平均线
WMA：加权移动平均线
HMA：船体移动平均线
VWMA：成交量加权移动平均线
RMA：RSI指标中使用的移动平均线，也叫指数加权移动平均线
指标可调节参数
该指标有六个可设置的参数
1 MA1：默认为5；
2 MA2：默认为13；
3 MA3：默认为20；
4 MA4：默认为40；
5 MA5：默认为80；
6 MA6：默认为160。
本指标还有两项可选设置项
1 价格源：价格源默认使用收盘价，但是你还可以选择使用开盘价、最高价、最低价等其他的价格计算方式；
2 选择使用的MA类型；
Multiple Moving AveragesThis script plots up to five Moving Averages , either Simple or Exponential (9, 20, 50, 100 and 200 days period by default).
Multi Movings Averages
This tool can plot a maximum of 10 movings averages that are easily adaptable and configurable.
You can also use a exponential moving average instead of the simple moving average.
hope you enjoy :)
