After reading Cam Hui's blog post about his "Trifecta" bottom spotting model I thought I'd try my hand at scripting it as an indicator. The results are pretty close to what he describes. Though the data TradingView feeds me doesn't seem to be identical to what he's using on StockCharts.com the results are close enough that I will call the effort a success worth...
double ma system built into candle sticks, wick, above body shows true high, under true low. the body symbolizes the double ma's, colors for expansion/contraction of the ma's. optional: can hide true close point(black dots) good usage with rsi candles:
This indicator takes the SMA of the current 1 hour chart and the 15 minute chart of the current symbol. When the close is below the SMA it shows a red line, when it is above it shows a green line. When both are red, its in a down trend (Short). When both lines are green, its in an uptrend (Long). You can change the SMA in the settings. Good luck!
Experimental: using extreme donchians average to normalize price value. method for Double Normalized MA also on the code: NMA(NMA1, NMA2, LENGTH)
This is just the raw code for the system / strategies. Will Complete this when I get more time. Green - Setup Long Red - Setup Short
This indicator will show you the exponantial moving average (ema) of the higher timeframes (up to 1D). Current timeframe is colored red, higher timeframes are colored from light to dark gray (you can change this). How to Trade this: 1. Look for tranding ema on higher timeframe (line is stepping up). 2. Look for faster time frames to pull back (decline) to a...
This plots the moving averages, either exponential or standard. When it is declining it shows the MA in red, green when rising. Trading MA: Bullish when it is rising, Bearish when it is falling
Combining DMI And Moving Average For A EUR/USD Trading System, by Rombout Kerstens The related article is copyrighted material from Stocks & Commodities Aug 2009
As requested, here is the WWMA as an actual script release, I wasn't going to release this at first, but figured I would since it was requested, and I could help shed some light on what it is at the same time. There is nothing too fancy about the WWMA, it is basically an ema calculated a little differently. I've added an ema with a different length that mirrors...
Strategy. 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. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
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. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Everyone wants a short-term, fast trading trend that works without large losses. That combination does not exist. But it is possible to have fast trading trends in which one must get in or out of the market quickly, but these have the distinct disadvantage of being whipsawed by market noise when the market is volatile in a sideways trending...