Republished: The original script violated house rules by including an external link to Backtest Rookies.
Background
This is a simple “multi” SMA indicator so that multiple SMA’s can be monitored whilst only using a single indicator slot. It also has a couple of features that let you mix time frames and de-clutter the chart.
The code is open for anyone to...
This is a modification of On Balance True Range where the plot is made on the chart based on VWAP. Getting the previous day values of this logic is useful in determining the major pivot points during the day. The intra day VWAP is also plotted to know if the price is being traded above or below the average price.
The script also has a Kalman Filter based moving...
Companion script to "Ultimate Smoothed MA" , details in that description.
Adapted from Chris Moody's "Ultimate Moving Average-Multi-TimeFrame-7 MA Types"
If you'd like to receive alerts on turning points, the conditions in line 96 and 97 can be used for alertcondition.
When using moving averages there is usually a trade-off between lag and smoothness. Multiple formulas have been devised to reduce lag while maintaining smoothness, and each one has its trade-offs.
This script, tweaked from Chris Moody's extremely popular "Ultimate Moving Average-Multi-TimeFrame-7 MA types" is another attempt.
Added least-squares moving...
On charts with medium or low volatility, this indicator behaves identically to standard Moving Average. On highly volatile charts, this indicator is more stable because the calculation is performed in log space. For convenience, the indicator starts from the second candle (much earlier than regular MA).
I had hard time to find a simple script to show EMA and SMA spread.
Bonus add for PT users :)
Set "buy_value" as you have in PAIRS.properties to show you when your buys will become potential.
This indicator has two features that make it better than standard SMMA for cryptocurrencies:
- starts from the very first candle
- calculations are performed in log-space which means less sensitivity to extreme volatility common in crypto world
A regression line is simply a single line that best fits the data.
In the pinescript you can plot a linear regression line using the linreg function.
Here i share the entire calculation of the linear regression line, you are free to take the code and modify the functions in the script for creating your own kind of filter.
Hope you enjoy :)
This Indicator plots smoothed weighted moving average combinations of various Fibonacci numbers
a great support and resistance for long term trading and confirmation
