Pork ChopApproach for detecting price 'chop'.
It's quite simple; instead of trying to detect chop, just measure the weakness of a trend.
This is done by essentially taking two moving averages, measuring their relative difference and then take a moving average of this difference of 'n' periods (Lookback)
The result can be measured against a threshold 'floor' which determines the weakness of the trend and thus, chop.
I use portions from NGBaltic's work: www.tradingview.com so the responsiveness of the detection is slightly higher than bog standard EMAs.
Might be of some interest to bot developers, play with the settings!
Cheers
Trend
Trend Trader Bands Backtest This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
Trend Trader Bands Strategy This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
Trend Trader Bands This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
Multiple Trend İndicator+ By BD4 different color trend show for weekly, daily and 4 hours.
red : mavilim downtrend, and mavilim below the wma21
orange : mavilim uptrend, and mavilim below the wma21
lime : mavilim downtrend, and mavilim above the wma21
green : mavilim uptrend, and mavilim above the wma21
also on the current chart; u can show current mavilim, weekly wma21, daily wma21 and 4hours wma21.
also you can add code into your frequently used indicator.
I hope this helps you.
sorry i don't know enough english for detailed description. you can try and learn more
Mavilim Multiple Trend By BDweekly mavilim line,daily mavilim line and more,within your current chart. and shows multiple mavilim trend. if u need something like this
Multiple Trend Indicatorweekly 21wma,daily 21wma and more,within your current chart. and shows multiple trend. if u need something like this
Trend Trader AVR Backtest This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
Trend Trader AVR Strategy This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
Rainbow OscillatorRainbow Oscillator script.
This indicator was developed and described by Dr. Mel Widner (Stocks & Commodities V.15:7: Rainbow Charts).
Phase Change IndexPhase Change Index script.
This indicator was developed and described by M. H. Pee (Stocks & Commodities V.22:5 (28-37): Phase Change Index).
Other indicators of M. H. Pee:
Trend Trader AVR This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
Neo CloudRelease Notes:
- Trend trading tool
- When the monthly range line or cloud is blue, the trend is up, vice-versa for orange/red.
- Length auto-adjusts for every timeframe. This indicator does not work on weekly and above timeframes.
- Monthly line color change doesn't work on some things like forex because the price is too low
The origin of this concept is not from Ichimoku so I can't speak on
whether or not it can be used in the same way. This came from an attempt
to recreate Murray Math Lines that didn't go very well.
Taking the highest and lowest of particular
ranges is a great way to find an average/framework of price action.
It works especially well when using geometric mean, which
works towards making an average of price.
If you enjoy my scripts and would like to show appreciation, I take
tips in the form of depreciating assets:
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Ehlers Reverse Exponential Moving AverageEhlers Reverse Exponential Moving Average script.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 35:10: The Reverse EMA Indicator).
CTC FollowTrendA simple trend following system. We use 2 moving average to determine trend. Green for up trend, red for downtrend. Trades are only opened on the trend direction.
In up trend, we will buy only if RSI is in oversold condition.
In down trend, we will sell only if RSI is on overbought condition.
Both of the condition are highlighted.
Keep the trading rule simple and easy, no need to be complicated.
Hope you can benefit from it.
TrueCrypto28 PA ChannelPrice Action Channel for Market direction on any Time Frame. Very simple indicator to identify determined moves Bull or Bear. When price moves above Green line you have a stronger chance for a Bullish move. When price moves below red line you have a strong chance for bearish move. Trade either move until price re-enters channel. When price is in channel expect mostly chop.
Relative Strength Index of Moving AveragePine script version 3
Author CryptoJoncis
RSIOMA is the abbreviation for Relative Strength index (RSI) of moving averages (MA). This custom built indicator is based on calculating the relative strength of two moving averages and the smoothes out the RSI using a moving average. Combined, the RSIOMA oscillator depicts trend changes in prices relative to the time frame. The RSIOMA can be used as a signal generator by itself. (www.ProfitF.com)
There are some minor things which you can use to modify this version of RSIOMA:
Choose 2 levels of Over Sold and Over Bought for RSI
Set the middle level to easier visualize the trend
Set x% wider MA line to avoid too many fake signals and gain higher precision
You can choose which MA would you like to use from the following list:
Tillson Moving Average (T3)
Double Exponential Moving Average ( DEMA )
Arnaud Legoux Moving Average ( ALMA )
Least Squares Moving Average ( LSMA )
Simple Moving Average ( SMA )
Exponential Moving Average ( EMA )
Weighted Moving Average ( WMA )
Smoothed Moving Average ( SMMA )
Triple Exponential Moving Average ( TEMA )
Hull Moving Average ( HMA )
Adaptive moving average (AMA)
Fractal Adaptive Moving Average (FAMA)
Variable Index Dynamic Average ( VIDYA )
Triangular Moving Average (TRIMA)
Any questions/suggestions/errors or spelling mistakes? Please leave a comment and let me know.
You can use,publish,modify this code in any way as you wish, but only if you reference me after.
You are not allowed to sell it as it is.
If this code is useful to you, then consider to buy me a coffee 2.17% (or better a pint of beer) by donating Bitcoin 0.64% or Etherium to:
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ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
References:
www.profitf.com
Dynamic Support & ResistanceThis indicator paints the background of the chart between 2 EMAs when all 3 given EMAs are in sync.
The default settings are:
Long-term EMA: 200 Period.
Short-term EMA 1: 50 Period.
Short-term EMA 2: 20 Period.
So according to the default settings, when the 20EMA is above the 50EMA, and the 50EMA is above the 200EMA, the area between the 20EMA and the 50EMA will turn green. When the 20EMA is below the 50EMA, and the 50EMA is below the 200EMA, the area will turn red. When the EMAs are all over the place (ie. price is consolidating), the area will be painted white.
You can change the colors in the indicator settings menu. To remove the white background, change the transparency to 100%. Unfortunately pinescript does not allow you to do this using code, otherwise I would have made that a default feature.
Enjoy! Let me know if you have any questions.
Regards,
- Matt
ATR and T3 strategyT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This strategy is for trend followers who are patient enough to have 6-10 trades per year.
What's included in strategy?
Two ATR (Code was taken from J.Dow and modified)
Tillson Moving average
Enter long signal:
When both ATR (Long and Short) are in uptrend and the bar closes above Upper Tillson's moving average band: Enter Long
Exit Long signal:
When hl2 is lower than Lower Tillson Moving Average band
Enter short signal:
When both ATR (Long and Short) are in downtrend and the bar closes below Lower Tillson's moving average band: Enter Short
Exit Shortsignal:
When hl2 is higher than Upper Tillson's Moving Average band
Best to use with Bitcoin on 12H TF
Can be used for different time frames as well but the settings must be adjusted accordingly
Remember, overtrading can be harmful to your trading account.
If this is helpful for you, consider a tip
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Created by CryptoJoncis
Quadratic RegressionA quadratic regression is the process of finding the equation that best fits a set of data.This form of regression is mainly used for smoothing data shaped like a parabola.
Because we can use short/midterm/longterm periods we can say that we use a Quadratic Least Squares Moving Average or a Moving Quadratic Regression.
Like the Linear Regression (LSMA) a Quadratic regression attempt to minimize the sum of squares (sum of the squared difference between a set of data and an estimator), this is why
those kinds of filters have low lag .
Here the difference between a Least Squared Moving Average ( green ) and a Quadratic Regression ( red ) of both period 500
Here it look like the Quadratic Regression have a best fit than the LSMA
Moving average cloud strategyHi folks!
Here a script uses the moving average cloud. A sma (50, aqua) and a sma (200, olive) are plotted on the cart. When both sma go up the cloud is green. When both sma go down the cloud is red. When sma (200, olive) goes down and sma (50, aqua) goes up the cloud is orange. When sma (200, olive) goes up and sma (50, aqua) goes down the cloud is lime.
There three entry points in this strategy.
Long
Aggressive: When the cloud turns orange and price closes above the sma (200).
Neutral: When the both sma make the golden cross.
Cautious: When the cloud is green and price closes sma (200) after searching for support. So not when there's a great distance between them.
In case you missed the entry point you can jump in when price CLOSES above sma (50). So after it searched for support on that line. The cloud has to be green at that moment.
Short
Aggressive: When the cloud turns lime and price CLOSES below the sma (200).
Neutral: When the both sma make the death cross.
Cautious: When the cloud is green and price is above the sma (200).
In case you missed the entry point you can jump in when price CLOSES above sma (50). So after it searched for support on that line.
There are also two exit points in this strategy.
Cautious: When price closes on the other side of the sma (50).
Neutral: When the cloud changes color.
Aggressive: When price closes on the other side of the sma (200). There's always the opportunity that the price searches for support at the sma (200) line and goes from that moment in the direction you want.
Don't wait for the cross of the both sma. Very usually you give a huge part of your profit away at that point.
Remember: Above the cloud is bullish area, never go short there. Below the cloud is bearish area, never go long there.
Remember 2: When the clouds changes rapidly from color we're not in a trend. The sma (200) will be almost flat at those situations. It's a sign not to go into a trade since the market doesn't know in which direction it will go.
VWMA + SMA BBollinger + RSI Strategy (ChartArt) mod by BiO618This is a script I remade from the original ChartArt's "CA_RSI_Bolling_Strat".
I added a VWMA following the SMA basis curve.
BBand was made with the SMA curve, +2DS.
The point of adding VWMA to the script is to get a fast correlation between price change and volume change.
How to interpret it:
Since 3-Intervals-VWMA = (P1*V1 + P2*V2 + P3*V3) / (V1+V2+V3)
As the volume grows, VWMA get smaller.
If the price goes to the upper band, and the VWMA follows it, Price grew more than Volume, and a correction would happen soon.
If the price goes to the lower band, and the VWMA follows it, Price dipped with a lot of Volume, and a continuation of trend would be expected.
If the price goes to the upper band, and the VWMA stays close to SMA, Price grew with a correspondient Volume, and the continuation of trend would be expected.
If the price goes to the lower band, and the VWMA stays close to SMA, Price dipped with low Volume, a correction would happen soon.
Remember that NO INDICATOR is flawless, support your interpretation with other indicators like RSI and MACD.
Hope you enjoy it!
φ!
